6-K

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 July 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

Exhibit<br>Number
99.1	Major Operating Data of the First Half of 2022
99.2	Profit Warning Announcement on Estimated Loss in Interim Results of 2022

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—C. Risk Factors” in our most recent annual report on Form 20-F filed on April 28, 2022 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: July 14, 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 First Half of 2022

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 2022 as follows:

I.	Major operating data of the first half of 2022
Product	Production volume<br><br><br>(10,000 tons)		Sales volume<br><br><br>(10,000 tons)		Sales revenue<br><br><br>(RMB1,000)
---	---	---	---	---	---	---
Petroleum products
Diesel		131.12		132.35		9,445,275
Gasoline		144.83		143.23		12,661,715
Jet Fuel ^note 1^		39.38		30.08		1,816,004
Intermediate petrochemicals
PX ^note 2^		31.84		31.26		2,372,144
Benzene ^note^ ^1^		16.97		16.36		1,187,946
EthyleneGlycol ^note 2^		6.09		3.71		167,293
EthyleneOxide		15.90		15.61		1,044,428
Ethylene ^note 2^		35.35		—		—
Resins and plastics
PE		22.37		21.39		1,998,837
PP		22.23		20.72		1,728,133
Polyesterchips ^note 1 note 2^		6.86		6.91		461,552
Synthetic fibres
Acrylics		1.01		1.06		180,705

Note 1: Sales volume excluded materials processed on a sub-contract basis.

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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.

II.	Change in prices of major products and raw materials in the first half of 2022

Unit: RMB/ton

Product	The averageprice in thefirst half of2022	The averageprice in thefirst half of2021	Year – onyearChange	Comparewith thesecond half<br><br><br>of 2021
Diesel	7,137	4,907	45.44%	18.90%
Gasoline	8,840	6,876	28.57%	15.30%
Jet Fuel	6,038	3,325	81.60%	48.76%
Ethylene	—	—	—	—
PX	7,588	5,030	50.85%	29.42%
Benzene	7,263	5,000	45.27%	7.72%
Ethylene<br><br><br>Glycol	4,505	4,639	-<br>2.90%	-3.63%
Ethylene<br>Oxide	6,692	6,650	0.63%	-2.36%
PE	9,346	8,586	8.85%	5.89%
PP	8,341	8,944	-6.74%	-0.96%
Polyester<br>chips	6,681	5,286	26.38%	13.41%
Acrylics	17,033	15,319	11.19%	3.23%
Raw material	The averageprocessingcost in thefirst half of<br><br><br>2022	The averageprocessingcost in thefirst half<br><br><br>of 2021	Year – onyearChange	Comparewiththesecond half<br> <br>of 2021
Crude<br>oil	4,540	2,849	59.36%	28.05%
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
Joint Company Secretary

Shanghai, the PRC, 14 July 2022

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EX-99.2

Exhibit 99.2

PROFIT WARNING

ANNOUNCEMENT ON ESTIMATED LOSS IN INTERIM

RESULTS 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 estimates to record a net profit<br>attributable to equity shareholders of the Company of approximately RMB –498 million to RMB –358 million in the first half of 2022.
•	Under the China Accounting Standards for Business Enterprises, the Group estimates to record a net profit<br>attributable to equity shareholders of the Company after deducting non-recurring items of approximately RMB –464 million to RMB –324 million in the first half of 2022.<br>
---	---
1.	Estimated results of the Period
---	---
(1)	Period of estimated results: 1 January 2022 to 30 June 2022.
---	---

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(2)	Estimated results: based on preliminary estimates by the finance department of the Company, the Company and its<br>subsidiaries (the “Group”) are estimated to record a net profit attributable to equity shareholders of the Company of approximately RMB –498 million to RMB –358 million in the first half of 2022, representing a<br>loss over the corresponding period in 2021. The Group estimates that the net profit attributable to the equity shareholders of the Group after deducting non-recurring items for the first half of 2022 will be<br>approximately RMB –464 million to RMB –324 million, representing a loss over the corresponding period in 2021. Specific financial figures will be disclosed in the 2022 interim report of the Company.
(3)	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><br><br>Standards for Business Enterprises
---	---	---
Net profit attributable to equity shareholders of the<br><br><br>Company (RMB’000)		1,244,189
Net profit attributable to the equity shareholders of the Company after deducting<br>non-recurring items<br> <br>(RMB’000)		1,168,305
Earnings per share (RMB per share)		0.115
3.	Major reasons for estimated loss in the results for the Period
---	---

In the first half 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

As of the date of this announcement, the “6.18” No.1 ethylene glycol plant explosion accident (please refer to the announcement of the Company dated 19 June 2022 for details) is still under investigation and the main production equipment of the Company are still shutdown. Besides the aforementioned, 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 interim 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, 14 July 2022

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