Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
17 July 2023 - 8:06PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2023
Commission File Number: 1-12158
Sinopec Shanghai Petrochemical Company Limited
(Translation of registrants name into English)
No. 48
Jinyi Road, Jinshan District, Shanghai, 200540
The Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F
☒ Form 40-F ☐
EXHIBITS
Exhibit
Number
DisclaimerForward-Looking Statements
We may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of
future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, expectations, developments and business strategies. Words such as believe, anticipate,
expect, intend, seek, will, plan, could, may, endeavor, target, forecast and project and similar expressions are
intended to identify such forward-looking statements but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are
risks that the predictions, forecasts, projections, and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, our actual results may differ materially from
those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These
factors and others are discussed more fully under the section titled Item 3. Key InformationC. Risk Factors in our most recent annual report on Form 20-F filed on April 26,
2023, and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider
both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information,
future events or otherwise.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED |
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Date: July 14, 2023 |
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By: |
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/s/ Wan Tao |
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Name: |
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Wan Tao |
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Title: |
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Chairman of the Board of Directors |
3
Exhibit 99.1
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.
Sinopec Shanghai Petrochemical Company Limited
(A joint stock limited company incorporated in the Peoples Republic of China)
(Stock Code: 00338)
Major Operating Data of the First Half of 2023
According to Rule 15 of the Guidelines of the Shanghai Stock Exchange for Self-regulatory Guidelines for Listed Companies No.3 Industry Information
Disclosure No.13 Chemical Industry, Sinopec Shanghai Petrochemical Company Limited (the Company, together with its subsidiaries, the Group) hereby announces the major operating data for the six months
ended 30 June 2023 as follows:
I. |
MAJOR OPERATING DATA OF THE FIRST HALF OF 2023 |
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Product |
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Production volume (10,000 tons) |
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Sales volume (10,000 tons) |
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Sales revenue (RMB1,000) |
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Petroleum products |
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Diesel |
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184.54 |
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182.97 |
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11,783,414 |
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Gasoline |
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160.47 |
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157.53 |
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13,030,927 |
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Jet Fuel note 1 |
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81.61 |
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60.40 |
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3,363,887 |
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Intermediate petrochemicals |
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PX note 2 |
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35.41 |
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35.46 |
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2,570,804 |
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Benzene note 1 |
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18.39 |
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15.39 |
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939,518 |
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Ethylene Glycol note 2 |
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5.05 |
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3.89 |
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142,320 |
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Ethylene Oxide |
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8.75 |
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8.40 |
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479,402 |
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Ethylene note 2 |
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35.72 |
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0.00 |
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0 |
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Resins and plastics |
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PE |
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27.48 |
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25.67 |
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1,932,691 |
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PP |
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22.86 |
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21.82 |
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1,588,031 |
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Polyester chips note 1 note 2 |
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3.77 |
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3.81 |
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224,093 |
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Synthetic fibres |
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Acrylics |
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1.11 |
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1.18 |
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176,973 |
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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 Groups trading of petrochemical products.
- 1 -
II. |
CHANGE IN PRICES OF MAJOR PRODUCTS AND RAW MATERIALS IN THE FIRST HALF OF 2023 |
Unit: RMB/ton
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Product |
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The average price in the first half of 2023 |
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The average price in the first half of 2022 |
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Year-on-year change |
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Compared with the previous half of year* |
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Diesel |
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6,440 |
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7,137 |
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-9.76 |
% |
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-4.13 |
% |
Gasoline |
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8,272 |
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8,840 |
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-6.43 |
% |
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-4.62 |
% |
Jet Fuel |
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5,570 |
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6,038 |
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-7.76 |
% |
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-10.79 |
% |
Ethylene |
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PX |
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7,249 |
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7,588 |
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-4.46 |
% |
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3.08 |
% |
Benzene |
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6,104 |
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7,263 |
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-15.95 |
% |
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1.79 |
% |
Ethylene Glycol |
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3,655 |
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4,505 |
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-18.86 |
% |
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-1.65 |
% |
Ethylene Oxide |
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5,707 |
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6,692 |
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-14.72 |
% |
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-0.79 |
% |
PE |
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7,529 |
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9,346 |
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-19.44 |
% |
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-1.83 |
% |
PP |
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7,278 |
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8,341 |
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-12.75 |
% |
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-5.29 |
% |
Polyester chips |
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5,882 |
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6,681 |
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-11.95 |
% |
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7.90 |
% |
Acrylics |
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15,023 |
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17,033 |
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-11.80 |
% |
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-14.26 |
% |
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Raw material |
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The average processing cost in the first half of 2023 |
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The average processing cost in the first half of 2022 |
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Year-on-year change |
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Compared with the previous half of year* |
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Crude oil |
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4,210 |
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4,540 |
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-7.28 |
% |
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-0.33 |
% |
* |
the number in the first half of 2023 compared with that in the second half of 2022 |
- 2 -
The above-mentioned 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 Companys future operating conditions. Investors are
advised to exercise caution when using such information.
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By Order of the Board
Sinopec Shanghai Petrochemical Company Limited
Liu Gang Joint Company
Secretary |
Shanghai, the PRC, 14 July 2023
As at the date of this announcement, the executive directors of the Company are Wan Tao, Guan Zemin, Du Jun and Huang Xiangyu; the non-executive directors of the Company are Xie Zhenglin and Qin Zhaohui; and the independent non-executive directors of the Company are Tang Song, Chen Haifeng, Yang Jun, Zhou
Ying and Huang Jiangdong.
- 3 -
Exhibit 99.2
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.
Sinopec Shanghai Petrochemical Company Limited
(A joint stock limited company incorporated in the Peoples Republic of China)
(Stock Code: 00338)
PROFIT WARNING
ANNOUNCEMENT ON ESTIMATED LOSS IN INTERIM RESULTS OF 2023
This announcement is made by Sinopec Shanghai Petrochemical Company Limited (the Company)
pursuant to Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The board of directors of the Company (the Board) and all the members of the Board
warrant that there are no false representation, misleading statements or material omissions, and accept legal responsibilities for the truthfulness, accuracy and completeness of its contents.
Important Notice:
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Under the China Accounting Standards for Business Enterprises, the Group estimates to record a net loss
attributable to equity shareholders of the Company of approximately RMB900 million to RMB1,100 million in the first half of 2023. |
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Under the China Accounting Standards for Business Enterprises, the Group estimates to record a net loss
attributable to equity shareholders of the Company after deducting non-recurring items of approximately RMB887 million to RMB1,084 million in the first half of 2023. |
- 1 -
1. |
Estimated results of the Period |
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(1) |
Period of estimated results: 1 January 2023 to 30 June 2023 (the Period).
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(2) |
Estimated results: based on preliminary estimates by the finance department of the Company, the Company and its
subsidiaries (the Group) estimate to record a net loss attributable to equity shareholders of the Company of approximately RMB900 million to RMB1,100 million as of 30 June 2023. The Group estimates that the net loss
attributable to the equity shareholders of the Group after deducting non-recurring items will be approximately RMB887 million to RMB1,084 million as of 30 June 2023. Specific financial figures
will be disclosed in the 2023 interim report of the Company. |
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(3) |
The estimated results have not been reviewed or audited by certified public accountants. |
2. |
Results for the corresponding period of the previous year |
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Under the China Accounting Standards for Business Enterprises |
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Net profit/(loss) attributable to equity shareholders of the Company (RMB000) |
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(436,009 |
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Net profit/(loss) attributable to the equity shareholders of the Company after deducting non-recurring items (RMB000) |
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(402,544 |
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Earnings/(loss) per share (RMB per share) |
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(0.040 |
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3. |
Major reasons for estimated loss in the results for the Period |
In the first half of 2023, the decrease in the average price of major petrochemical products of the Company exceeded the decrease in the
average price of the crude oil under the effects of market demand, thus the products gross profit decreased; and the Companys investment income has dropped.
The Company does not have any significant uncertainties that will affect the accuracy of the contents of these estimated results.
- 2 -
The estimated figures above are based on preliminary assessment only. Specific and accurate financial figures will be disclosed in the 2023
interim report to be officially published by the Company. Investors are advised to pay attention to the investment risk.
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By Order of the Board
Sinopec Shanghai Petrochemical Company Limited
Liu Gang Joint Company
Secretary |
Shanghai, the PRC, 14 July 2023
As at the date of this announcement, the executive directors of the Company are Wan Tao, Guan Zemin, Du Jun and Huang Xiangyu; the non-executive directors of the Company are Xie Zhenglin and Qin Zhaohui; and the independent non-executive directors of the Company are Tang Song, Chen Haifeng, Yang Jun, Zhou
Ying and Huang Jiangdong.
- 3 -
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