6-K
SINOPEC SHANGHAI PETROCHEMICAL CO LTD (SPTJF)
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 April 2022
Commission File Number: 1-12158
Sinopec Shanghai Petrochemical Company Limited
(Translation of registrant’s name into English)
No. 48Jinyi 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
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: April 15, 2022 | By: | /s/ Wu Haijun |
| Name: | Wu Haijun | |
| Title: | Chairman of the Board of Directors |
EX-99.1
Exhibit 99.1
Major Operating Data of the 2022 First Quarter
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 three months ended 31 March 2022 as follows:
| I. | Major operating data of the 2022 first quarter | |||||
|---|---|---|---|---|---|---|
| Product | Production volume(10,000 tons) | Sales volume(10,000 tons) | Sales revenue(RMB1,000) | |||
| --- | --- | --- | --- | --- | --- | --- |
| Petroleum products | ||||||
| Diesel | 90.66 | 88.64 | 6,057,247 | |||
| Gasoline | 90.09 | 89.70 | 7,627,943 | |||
| Jet Fuel^note 1^ | 25.56 | 17.79 | 904,358 | |||
| Intermediate petrochemicals | ||||||
| PX^^^note 2^ | 17.33 | 17.22 | 1,202,247 | |||
| Benzene ^note 1^ | 9.43 | 8.56 | 579,950 | |||
| Ethylene Glycol ^note 2^ | 2.92 | 1.58 | 73,354 | |||
| Ethylene Oxide | 10.56 | 10.40 | 682,919 | |||
| Ethylene^note 2^ | 20.00 | — | — | |||
| Resins and plastics | ||||||
| PE | 12.63 | 11.35 | 1,051,318 | |||
| PP | 11.78 | 10.72 | 886,202 | |||
| Polyester chips ^note 1 note 2^ | 3.77 | 3.79 | 244,326 | |||
| Synthetic fibres | ||||||
| Acrylics | 0.60 | 0.63 | 105,759 |
Note 1: Sales volume excluded 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 Group’s trading of petrochemical products.
1
| II. | Change in prices of major products and raw materials in the 2022 first quarter |
|---|
Unit: RMB/ton
| Product | The average price<br>in the 2022 first<br>quarter | The average<br>price in the 2021<br>first quarter | Year – on<br>year Change | Compare<br>with the 4^th^<br>quarter of<br>2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Diesel | 6,834 | 4,584 | 49.06 | % | 7.19 | % | ||||
| Gasoline | 8,503 | 6,681 | 27.28 | % | 9.19 | % | ||||
| Jet Fuel | 5,085 | 3,136 | 62.12 | % | 17.64 | % | ||||
| Ethylene | — | — | — | — | ||||||
| PX | 6,984 | 4,877 | 43.18 | % | 21.52 | % | ||||
| Benzene | 6,778 | 4,634 | 46.26 | % | 4.61 | % | ||||
| Ethylene Glycol | 4,642 | 4,678 | -0.78 | % | -0.01 | % | ||||
| Ethylene Oxide | 6,569 | 6,572 | -0.05 | % | -8.66 | % | ||||
| PE | 9,264 | 8,562 | 8.19 | % | -0.15 | % | ||||
| PP | 8,269 | 8,881 | -6.89 | % | -1.81 | % | ||||
| Polyester chips | 6,450 | 5,118 | 26.01 | % | 7.72 | % | ||||
| Acrylics | 16,908 | 15,203 | 11.21 | % | -1.39 | % | ||||
| Raw material | The average<br>processing cost inthe 2022 firstquarter | The averageprocessing costin the 2021 firstquarter | Year – onyear Change | Comparewith the 4^th^quarter of2021 | ||||||
| Crude oil | 4,240 | 2,720 | 55.90 | % | 13.94 | % | ||||
| III. | Miscellaneous | |||||||||
| --- | --- |
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 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 |
| Liu Gang |
| J**oint Company Secretary |
Shanghai, the PRC, 11 April 2022
2
EX-99.2
Exhibit 99.2
(A joint stock limited company incorporated in the People’s Republic of China)
(Stock Code: 00338)
PROFIT WARNING
ANNOUNCEMENT ON ESTIMATED PROFIT DECREASE IN
THE FIRST QUARTER OF 2022
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 jointly and severally accept responsibilities for the truthfulness, accuracy and completeness of its contents.
Important Notice：
| • | Under the China Accounting Standards for Business Enterprises, the Group expects that the net profit attributable<br>to the equity shareholders of the Company in the first quarter of 2022 will decrease by approximately RMB 938 million to RMB983 million as compared with the same period of the previous year (statutory disclosure data), representing a year-on-year decrease of 80% to 84%. |
|---|---|
| • | Under the China Accounting Standards for Business Enterprises, the Group estimates that the net profit<br>attributable to the equity shareholders of the Company after deducting non-recurring items in the first quarter of 2022 will decrease by approximately RMB893 million to RMB941 million as compared<br>with the corresponding period of the previous year (statutory disclosure data), representing a year-on-year decrease of 77% to 81%. |
| --- | --- |
| 1. | Estimated results of the Period |
| --- | --- |
| (1) | Period of estimated results: 1 January 2022 to 31 March 2022 (the “Period”).<br> |
| --- | --- |
| (2) | Estimated results: based on preliminary estimates by the finance department of the Company, the Company and its<br>subsidiaries (the “Group”) are expected to record a net profit attributable to equity shareholders of the Company of approximately RMB190 million to RMB235 million for the period ended 31 March 2022, representing a<br>decrease of 80% to 84% over the corresponding period of the previous year (statutory disclosure data). Specific financial figures will be disclosed in the 2022 first quarterly report of the Company. |
| --- | --- |
1
| (3) | The Group estimates that the net profit attributable to the equity shareholders of the Group after deducting non-recurring items for the period ended 31 March 2022 will be approximately RMB217 million to RMB266 million, representing a decrease of 77% to 81% over the corresponding period of the previous year<br>(statutory disclosure data). Specific financial figures will be disclosed in the 2022 first quarterly report of the Company. | |
|---|---|---|
| (4) | The estimated results have not been reviewed or audited by certified public accountants. | |
| --- | --- | |
| 2. | Results for the corresponding period of the previous year | |
| --- | --- | |
| Under the China Accounting<br>Standards for Business Enterprises | ||
| --- | --- | --- |
| Net profit attributable to equity shareholders of the Company (RMB’000) | 1,173,484 | |
| Net profit attributable to the equity shareholders of the Company after deducting non-recurring items (RMB’000) | 1,158,473 | |
| Earnings per share (RMB per share) | 0.108 | |
| 3. | Major reasons for estimated increase in the results for the Period | |
| --- | --- |
In the first quarter of 2022, the crude oil prices rose sharply and the consumption of the chemical products continued to slump. The increase of the price of the products did not match the price increase of the raw materials and thus the Company’s gross profit decreased.
| 4. | Risk Warning |
|---|
The Company does not have any significant uncertainties that will affect the accuracy of the contents of the estimated results.
| 5. | Other information |
|---|
The estimated figures above are based on preliminary assessment only. Specific and accurate financial figures will be disclosed in the 2022 first quarterly report to be officially published by the Company. Investors are advised to pay attention to the investment risk.
| By Order of the Board |
|---|
| Sinopec Shanghai Petrochemical Company Limited |
| Liu Gang |
| Joint Company Secretary |
Shanghai, the PRC, 11 April 2022
2
EX-99.3
Exhibit 99.3
(A joint stock limited company incorporated in the People’s Republic of China)
(Stock Code: 00338)
Date of Meeting of the Board of Directors
This announcement is made pursuant to Rule 13.43 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The board of directors (the “Board”) of Sinopec Shanghai Petrochemical Company Limited (the “Company”, and its subsidiaries, the “Group”) announces that a meeting of the Board will be held on Wednesday, 27 April 2022 for the purposes of considering and approving the first quarterly results of the Group for the three months ended 31 March 2022 for publication and transacting any other business.
| 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, 11 April 2022