Stock 600688 SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED
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Financials Sinopec Shanghai Petrochemical Company Limited Shanghai S.E.

Equities

600688

CNE000000BB2

Oil & Gas Refining and Marketing

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
2.82 CNY 0.00% Intraday chart for Sinopec Shanghai Petrochemical Company Limited -2.42% -1.40%
Apr. 24 Sinopec Shanghai Petrochemical Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 15 Sinopec Shanghai Petrochemical's Chairman Resigns MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 35,694 30,053 35,664 26,803 24,480 24,114 - -
Enterprise Value (EV) 1 28,295 23,690 25,428 25,063 22,581 22,733 5,796 22,472
P/E ratio 10.2 x 23.1 x 7.6 x -4.43 x - 7.66 x 5.66 x 8.54 x
Yield 5.71% 7.2% 6.86% - - 5.09% 8.18% 5.8%
Capitalization / Revenue 0.36 x 0.4 x 0.4 x 0.37 x 0.26 x 0.28 x 0.28 x 0.24 x
EV / Revenue 0.28 x 0.32 x 0.28 x 0.34 x 0.24 x 0.26 x 0.07 x 0.22 x
EV / EBITDA 6.38 x 9.73 x 5.46 x -12.6 x 26.6 x 7.33 x 1.49 x 6.68 x
EV / FCF 7.53 x -786 x 28.5 x -2.47 x -42.8 x -73.8 x -7.03 x 59.6 x
FCF Yield 13.3% -0.13% 3.51% -40.5% -2.33% -1.35% -14.2% 1.68%
Price to Book 0.76 x 0.51 x 0.52 x - - 0.35 x 0.31 x 0.41 x
Nbr of stocks (in thousands) 10,823,814 10,823,814 10,823,814 10,799,286 10,729,094 10,683,250 - -
Reference price 2 2.100 1.389 1.459 1.166 1.027 1.027 1.027 1.027
Announcement Date 3/25/20 3/24/21 3/23/22 3/22/23 3/20/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 100,346 74,705 89,280 72,655 93,014 85,949 86,347 100,481
EBITDA 1 4,437 2,434 4,661 -1,984 849.5 3,103 3,896 3,365
EBIT 1 2,698 636.7 2,726 -3,527 -1,677 810 1,395 1,530
Operating Margin 2.69% 0.85% 3.05% -4.85% -1.8% 0.94% 1.62% 1.52%
Earnings before Tax (EBT) 1 2,654 573.8 2,648 -3,600 -1,715 1,835 2,274 1,549
Net income 1 2,214 628.1 2,001 -2,872 -1,406 1,313 1,768 1,262
Net margin 2.21% 0.84% 2.24% -3.95% -1.51% 1.53% 2.05% 1.26%
EPS 2 0.2050 0.0600 0.1920 -0.2630 - 0.1341 0.1816 0.1203
Free Cash Flow 1 3,758 -30.13 891.3 -10,160 -527 -308 -824 377
FCF margin 3.75% -0.04% 1% -13.98% -0.57% -0.36% -0.95% 0.38%
FCF Conversion (EBITDA) 84.7% - 19.12% - - - - 11.2%
FCF Conversion (Net income) 169.77% - 44.55% - - - - 29.87%
Dividend per Share 2 0.1200 0.1000 0.1000 - - 0.0523 0.0841 0.0596
Announcement Date 3/25/20 3/24/21 3/23/22 3/22/23 3/20/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 27,417 26,006 19,894 11,878 24,740 21,978 22,959 24,922 23,154 21,282 22,811 24,713 25,534 - -
EBITDA - - 674.6 -560.8 -1,263 - - - - - - - - - - -
EBIT 1 -2,739 211.8 311.9 -734.5 -1,984 -1,120 -161.1 - 426.6 - 129.2 306.4 327.3 188 - -
Operating Margin - 0.77% 1.2% -3.69% -16.71% -4.53% -0.73% - 1.71% - 0.61% 1.34% 1.32% 0.74% - -
Earnings before Tax (EBT) 1 -2,309 195.9 313 -755.6 -2,013 -1,144 -164.3 -1,048 414.2 - 126.6 334.4 297 330.8 - -
Net income 1 -1,671 35.46 213.5 -649.5 -1,567 -869.3 -163.1 -825.1 268.8 -686.4 84.06 334.4 297 106 - -
Net margin - 0.13% 0.82% -3.26% -13.19% -3.51% -0.74% -3.59% 1.08% -2.96% 0.39% 1.47% 1.2% 0.42% - -
EPS 2 -0.1540 0.0100 0.0200 - -0.1400 - - -0.0770 0.0250 - - 0.0310 0.0275 0.009810 - -
Dividend per Share 2 - 0.1000 - - - - - - - - - - - - 0.0130 0.0130
Announcement Date 8/26/20 3/23/22 4/27/22 8/25/22 10/26/22 3/22/23 4/26/23 8/23/23 10/25/23 3/20/24 4/24/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 7,399 6,364 10,236 1,740 1,899 1,381 18,318 1,642
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,758 -30.1 891 -10,160 -527 -308 -824 377
ROE (net income / shareholders' equity) 7.14% 2.13% 6.73% -10.2% -5.5% 5.79% 6.85% 4.68%
ROA (Net income/ Total Assets) 4.91% 1.39% 4.36% -6.51% -3.48% 0.9% 1.83% 2.4%
Assets 1 45,086 45,188 45,894 44,118 40,399 145,906 96,445 52,587
Book Value Per Share 2 2.760 2.700 2.800 - - 2.950 3.340 2.480
Cash Flow per Share 2 0.4700 - 0.3500 - - 0.4000 0.3000 -
Capex 1 1,363 1,781 3,169 2,823 1,334 3,482 2,844 2,154
Capex / Sales 1.36% 2.38% 3.55% 3.89% 1.43% 4.05% 3.29% 2.14%
Announcement Date 3/25/20 3/24/21 3/23/22 3/22/23 3/20/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Sinopec Shanghai Petrochemical Company Limited

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
1.027 CNY
Average target price
1.335 CNY
Spread / Average Target
+29.90%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Petroleum Refining
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