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sinopec shanghai petroche-a (600688) Snapshot

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sinopec shanghai petroche-a (600688) Details

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, operates as a refining-chemical integrated petrochemical company in the People’s Republic of China. The company operates through five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products. The Synthetic Fibres segment produces polyester and acrylic fibers, which are used in the textile and apparel industries. The Resins and Plastics segment produces polyester chips that are used to produce polyester fibers, coating, and containers; polyethylene resins and plastics, which are used to produce insulated cable, mulching films, and molded products, such as housewares and toys; and polypropylene resins that are used for films, sheets, and molded products, such as housewares, toys, consumer electronics, and automobile parts; and PVA granules. The Intermediate Petrochemicals segment produces p-xylene, benzene, and ethylene oxide, which are used as raw materials in the production of other petrochemicals, resins, plastics, and synthetic fibers. The Petroleum Products segment operates crude oil distillation facilities that produce vacuum and atmospheric gas oils used as feedstock; and residual oil and low octane gasoline fuels, as well as produces various fuels, such as diesel oil, jet fuel, heavy oil, and liquefied petroleum gas for transportation, industry, and household heating usage. The Trading of Petrochemical Products segment is involved in the import and export of petrochemical products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.

13,313 Employees
Last Reported Date: 03/23/15
Founded in 1972

sinopec shanghai petroche-a (600688) Top Compensated Officers

Chairman, President and Chairman of Nominatio...
Total Annual Compensation: CNY814.0K
Chief Financial Officer, Executive Director a...
Total Annual Compensation: CNY714.0K
Vice Chairman and Vice President
Total Annual Compensation: --
Director of the Board Secretariat, Director o...
Total Annual Compensation: --
Vice Chairman and Vice President
Total Annual Compensation: CNY794.0K
Compensation as of Fiscal Year 2014.

sinopec shanghai petroche-a (600688) Key Developments

Sinopec Shanghai Petrochemical Co. Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2015

Sinopec Shanghai Petrochemical Co. Ltd. provided earnings guidance for the first quarter ended March 31, 2015. The group expected to report a profit for the first quarter ended 31 March 2015, which stands in contrast to the loss report for the same period of the last year. Under the China Accounting Standards for Business Enterprises, net profit attributable to equity shareholders of the company is expected to be between RMB 40 million and RMB 70 million. In the first quarter of 2015, international crude oil prices languished at low levels and were volatile, leading to a decrease in the Group's costs of crude oil processing and an increase in gross profit margin of its products.

Sinopec Shanghai Petrochemical Co., Ltd Announces Earnings Results for the Year 2014

Sinopec Shanghai Petrochemical Co. Ltd. announced earnings results for the year 2014. For the year, the company's basic earnings per share were CNY 0.09. Weighted average return on net assets was 2.08%.

Sinopec Shanghai Petrochemical Co. Ltd. Omits to Pay Dividend for the Year 2014

The board of directors of Sinopec Shanghai Petrochemical Co. Ltd. did not recommend the distribution of dividend for the year 2014. For 2013 the company distributed cash dividend of RMB 0.50 (VAT inclusive) for every 10 shares to all shareholders.


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