6-K - SPTJF - Equibles

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OFFOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2021

Commission File Number: 1-12158

SinopecShanghai Petrochemical Company Limited

(Translation of registrant’s name into English)

No. 48 Jinyi Road, Jinshan District, Shanghai, 200540

The People’s 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 ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

EXHIBITS

Exhibit<br>Number
99.1	Announcement Regarding Estimated Positive Profit in the First Three Quarters of 2021
99.2	Major Operating Data of the 2021 First three Quarters

Disclaimer - Forward-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 Information—D. Risk Factors” in our most recent annual report on Form 20-F filed on April 28, 2021 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.

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.

	SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED
Date: October 18, 2021	By:	/s/ Wu Haijun
	Name:	Wu Haijun
	Title:	Chairman of the Board of Directors

EX-99.1

Exhibit 99.1

LOGO

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

(Stock Code: 00338)

Announcement Regarding Estimated Positive Profit

in the First Three Quarters of 2021

This announcement is issued 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.

Important Notice:

•	Net profit attributable to shareholders of the Company for the first three quarters of 2021 is estimated to be<br>between RMB1.769 billion and RMB2.162 billion.
•	Net profit attributable to shareholders of the Company excluding extraordinary gains and losses for the first<br>three quarters of 2021 is estimated to be between RMB1.699 billion and RMB2.077 billion.
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1.	Estimated results during the period
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(1)	Period of estimated results: 1 January 2021 to 30 September 2021
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(2)	Estimated results: based on preliminary estimates by the finance department of Sinopec Shanghai Petrochemical<br>Company Limited (the “Company”), according to the calculation under the China Accounting Standards for Business Enterprises, the net profit attributable to equity shareholders of the company and its subsidiaries (the<br>“Group”) as of 30 September 2021 is estimated to be between RMB1.769 billion to RMB2.162 billion and is expected to achieve a turnaround from loss to profit as compared with the corresponding period in 2020, representing<br>an estimated increase between RMB2.411 billion to RMB2.804 billion. The net profit attributable to equity shareholders of the Company excluding extraordinary gains and losses is estimated to be between RMB1.699 billion to<br>RMB2.077 billion, and is expected to achieve a turnaround from loss to profit as compared with the corresponding period in 2020, representing an estimated increase between RMB2.522 billion to RMB2.900 billion.
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(3)	The estimated results have not been reviewed or audited by certified public accountants.
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2.	Results for the corresponding period of the previous year
	Under the China AccountingStandards for Business Enterprises
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Net profit attributable to equity shareholders of<br><br><br>the Company (RMB’000)		-642,219
Net profit attributable to equity shareholders of the Company excluding extraordinary gains and<br>losses (RMB’000)		-823,377
Basic earnings per share (RMB)		-0.059
3.	Major reasons for a turnaround from loss to profit in the results for the period
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The main reasons for the turnaround from loss to profit of the Group in the first three quarters of 2021 as compared with the same period of last year are as follows:

In 2020, due to the dual impact of the COVID-19 pandemic and the plunge in oil prices, the gross profit of the Company’s products suffered significant shrinks and resulting in losses in the first three quarters of 2020. Since 2021, the demand for petroleum and petrochemical products significantly improved, which resulted in a rise in the prices of major products. The Company seized the opportunity to optimize its operation, took effective measures to improve performance, and persisted in lowering cost and reducing fees. As a result, the operating performance has been improved significantly.

4.	Risk Disclosure

The Company has no major uncertain factors affecting the accuracy of the results forecast.

5.	Other Information

The forecasts above represent preliminary estimates. Specific and accurate financial figures will be disclosed in the 2021 third quarterly report to be officially published by the Company. Investors are advised to pay attention to investment risks.

By Order of the Board<br><br><br>Sinopec Shanghai Petrochemical Company Limited<br><br><br>Liu Gang<br> <br>Joint CompanySecretary

Shanghai, the PRC, 18 October 2021

EX-99.2

Exhibit 99.2

LOGO

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

(Stock Code: 00338)

Major Operating Data of the 2021 First three Quarters

According to Rule 15 of the Guidelines of the Shanghai Stock Exchange for Industry Information Disclosure No.14—Chemical Industry, Sinopec Shanghai Petrochemical Company Limited (the “Company”) announced the major operating data for the three months ended 30 September 2021 as follows:

I. Operating data of major products in the 2021 first three quarters

Product
Petroleum products
Diesel	243.24	242.64	12,498,740
Gasoline	244.13	244.49	17,454,279
Jet Fuel ^note 1^	92.66	76.72	2,696,514
Intermediate petrochemicals
PX ^note 2^	31.79	28.25	1,575,282
Benzene ^note 1^	20.87	20.00	1,194,742
Ethylene Glycol ^note 2^	12.18	3.60	167,428
Ethylene Oxide	22.37	21.80	1,432,082
Ethylene ^note 2^	50.18	—	—
Resins and plastics
PE	37.31	37.01	3,153,299
PP	32.96	30.40	2,661,105
Polyester chips ^note 1 note 2^	24.10	22.51	1,228,383
Synthetic fibres
Acrylics	6.24	6.20	968,882
Polyester^note 1^	2.24	2.21	137,826

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 three quarters

Unit: RMB yuan /ton

Product	The average pricein the 2021 firstthree quarters		The average pricein the 2020 firstthree quarters		Change
Diesel		5,151		4,045		27.36	%
Gasoline		7,139		6,025		18.48	%
Jet Fuel		3,515		2,887		21.76	%
Ethylene		—		—		—
PX		5,576		4,082		36.60	%
Benzene		5,973		3,379		76.74	%
Ethylene Glycol		4,652		3,595		29.39	%
Ethylene Oxide		6,570		6,030		8.95	%
PE		8,521		7,132		19.46	%
PP		8,754		7,598		15.21	%
Polyester chips		5,457		4,457		22.45	%
Acrylics		15,626		10,580		47.69	%
Polyester		6,227		5,686		9.52	%
Raw material	The averageprocessing cost inthe 2021 firstthree quarters		The averageprocessing cost inthe 2020 firstthree quarters		Change
Crude oil		3,048		2,490		22.41	%

III. Other matters

The above-mentioned production and operating data were calculated based on the internal statistics of the Company and are intended to provide an overview of the production and operation of the Company to the investors on a timely basis. The operating data are unaudited and do 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<br><br><br>Sinopec Shanghai Petrochemical Company Limited<br><br><br>Liu Gang<br> <br>Joint CompanySecretary

Shanghai, the PRC, 18 October 2021