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SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED

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Sinopec Shanghai Petrochemical : Major Operating Data of the 2021 First Quarter

04/09/2021 | 06:00am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 00338)

Major Operating Data of the 2021 First Quarter

According to Rule 18 of the Guidelines of the Shanghai Stock Exchange for Industry Information Disclosure No.18-Chemical Industry, Sinopec Shanghai Petrochemical Company Limited (the "Company") announced the major operating data for the three months ended 31 March 2021 as follows:

I. Operating data of major products in the 2021 first quarter

Product

Production volume

Sales volume

Sales revenue

(10,000 tons)

(10,000 tons)

(1,000 RMB)

Petroleum products

Diesel

91.02

88.64

4,063,841

Gasoline

91.31

89.99

6,012,095

Jet Fuel note 1

34.46

27.12

850,710

Intermediate petrochemicals

PX note 2

12.82

9.77

476,551

Benzene note 1

8.56

8.00

370,845

Ethylene Glycol note 2

4.96

2.07

97,067

Ethylene Oxide

8.54

8.35

548,502

Ethylene note 2

20.55

-

-

Resins and plastics

PE

14.04

9.77

476,551

PP

11.79

8.00

370,845

Polyester chips note 1 note 2

7.83

2.07

97,067

Synthetic fibres

Acrylics

2.01

2.06

312,832

Polyester note 1

0.79

0.80

50,229

Note 1: Sales volume excludes materials processed on a sub-contract basis.

Note 2: Part of the difference between the production volume and sales volume is for internal use.

The above data for sales volume and sales revenue does not include the data for the Company's trading of petrochemical products.

II. Change in prices of major products and raw materials in the 2021 first quarter

Unit: RMB yuan /ton

Product

The average price in

The average price in

Change

the 2021 first quarter

the 2020 first quarter

Diesel

4,584

4,178

9.73%

Gasoline

6,681

6,884

-2.96%

Jet Fuel

3,136

3,875

-19.07%

Ethylene

-

-

-

PX

4,877

5,131

-4.94%

Benzene

4,634

4,648

-0.29%

Ethylene Glycol

4,678

4,001

16.94%

Ethylene Oxide

6,572

6,262

4.96%

PE

8,562

6,832

25.33%

PP

8,881

7,567

17.36%

Polyester chips

5,118

5,156

-0.73%

Acrylics

15,203

11,599

31.07%

Polyester

6,278

6,419

-2.20%

The average processingThe average processing

Raw material

cost in the 2021 first

cost in the 2020 first

Change

quarter

quarter

Crude oil

2,720

3,428

-20.65%

III. Other matters

The above-mentioned production and operating data was calculated based on the internal statistics of the Company and is intended to provide an overview of the production and operation of the Company to the investors on a timely basis. The operating data is unaudited and does not make any express or implied forecasts or guarantees in respect of the Company's future operating conditions. Investors are advised to exercise caution when using such information.

By Order of the Board

Sinopec Shanghai Petrochemical Company Limited

Huang Fei

Joint Company Secretary

Shanghai, the PRC, 9 April 2021

As at the date of this announcement, the executive directors of the Company are Wu Haijun, Guan Zemin, Jin Qiang, Jin Wenmin, Huang Xiangyu and Huang Fei; the non-executive directors of the Company are Xie Zhenglin and Peng Kun; and the independent non-executive directors of the Company are Li Yuanqin, Tang Song, Chen Haifeng, Yang Jun and Gao Song.

Disclaimer

Sinopec Shanghai Petrochemical Company Limited published this content on 09 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2021 09:59:09 UTC.


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Sales 2021 89 042 M 13 770 M 13 770 M
Net income 2021 3 494 M 540 M 540 M
Net cash 2021 4 284 M 663 M 663 M
P/E ratio 2021 5,91x
Yield 2021 8,62%
Capitalization 34 164 M 4 394 M 5 283 M
EV / Sales 2021 0,34x
EV / Sales 2022 0,28x
Nbr of Employees 8 466
Free-Float 46,3%
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Number of Analysts 9
Last Close Price 1,63 CNY
Average target price 2,00 CNY
Spread / Average Target 23,0%
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Managers and Directors
Ze Min Guan General Manager & Director
Guan Zemin President
Jun Du CFO, Executive Director & Deputy General Manager
Hai Jun Wu Chairman
Yan Hui Ma Chairman-Supervisory Board