Sinopec Shanghai Petrochemical Company Limited provided earnings guidance for the full year of 31 December 2019. For the period, the company and its subsidiaries are expected to record a 55% - 61% decrease of the net profit attributable to equity shareholders of the Company for the year ended 31 December 2019 over the corresponding period of the previous year (i.e. around RMB 2.034 billion to RMB 2.394 billion). The company estimates that the net profit attributable to the equity shareholders of the Company after deducting non-recurring items will be around RMB 1.890 billion to RMB 2.178 billion, representing a year-on-year decrease of 57% to 63% (statutory disclosure data).