Sinopec Shanghai Petrochemical

Sinopec Shanghai Petrochemical Co., Ltd. engages in the processing of crude oil into petroleum and other chemical products. It operates through the following segments: Synthetic Fibers; Resins and Plastics; Intermediate Petrochemicals; Petroleum Products; Trading of Petrochemical Products; and Others. The Synthetic Fibers segment produces primarily polyester, acrylic fibers, and carbon fibers, which are mainly used in the textile and apparel industries. The Resins and Plastics segment includes polyester chips, polyethylene resins and plastics, polypropylene resins, and PVA granules. The Intermediate Petrochemicals segment covers p-xylene, benzene, and ethylene oxide. The Petroleum Products segment comprises of refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities. The Trading of Petrochemical Products segment focuses on importing and exporting of petrochemical products. The Others segment consists of investment property leasing, service provision, and a variety of other commercial activities. The company was founded in 1972 and is headquartered in Shanghai, China.

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Sinopec Shanghai Petrochemical Co., Ltd. engages in the processing of crude oil into petroleum and other chemical products. It operates through the following business segments: Synthetic Fibers, Resins and Plastics, Intermediate Petrochemicals Petroleum Products, Trading of Petrochemical Products, and Others. The Synthetic Fibers segment produces primarily polyester, acrylic fibers, and carbon fibers, which are mainly used in the textile and apparel industries. The Resins and Plastics segment includes polyester chips, polyethylene resins and plastics, polypropylene resins, and PVA granules. The Intermediate Petrochemicals segment covers p-xylene, benzene, and ethylene oxide. The Petroleum Products segment is involved in refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provides raw materials for the group's downstream petrochemical processing facilities. The Trading of Petrochemical Products segment focuses on importing and exporting petrochemical products. The Others segment relates to investment property leasing, service provision, and a variety of other commercial activities. The company was founded in 1972 and is headquartered in Shanghai, China.

China's Sinopec Corp is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau.

Sinopec sets up new entity to expand refinery investment abroad

Chinese energy company, Sinopec Corporation, recently built the largest carbon capture center in China, and plans on building two more by 2025.

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NEW YORK, NY / ACCESSWIRE / August 12, 2022 / Sinopec Shanghai Petrochemical Company Limited (the "Company") (NYSE:SHI) (HKEX:00338) (SSE:600688) announced today that the Company notified the New York Stock Exchange (the "NYSE") on 12 August 2022 (eastern time of the United States) that it intends to voluntarily delist its American depositary shares (the "ADSs") representing Class H ordinary shares of the Company (the "H Shares") from the NYSE (the "Delisting") and, when the legal conditions are met, terminate its registration of such ADSs and the reporting obligations under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act").The decision of the Delisting is based upon a number of considerations including, the small number of underlying H shares represented by the ADSs issued by the Company relative to the total number of the Company's H Shares, the limited trading volume of the ADSs relative to the worldwide trading volume of the Company's H Shares and the considerable administrative burden and cost of maintaining the listing of the ADSs on the NYSE, the registration of the ADSs and the underlying H Shares with the U.S. Securities and Exchange Commission (the "SEC") and complying with the periodic reporting and other relevant obligations under the Exchange Act. The board of directors of the Company approved the Delisting and the deregistration of such ADSs and the underlying Class H Shares under the Exchange Act upon certain legal conditions being met.

Sinopec Shanghai Petrochemical Company Limited Announces Intention to Delist American Depositary Shares from the New York Stock Exchange and Intention to Deregister and Terminate Reporting Obligations

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NEW YORK, NY / ACCESSWIRE / April 28, 2022 / Sinopec Shanghai Petrochemical Company Limited (the "Company") (HKEx:338)(SSE:600688) (NYSE:SHI) announced today that its Form 20-F for the fiscal year ended December 31, 2021, filed with the United States Securities and Exchange Commission on April 28, 2022, has been posted to the Company's website at http://spc.sinopec.com/spc/en/investor/com_notice/. The soft copy of the Company's annual report on Form 20-F could also be downloaded through its website.

Sinopec Shanghai Petrochemical Company Limited Files 2021 Annual Report on Form 20-F

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Sinopec Shanghai issued a profit alert for fiscal 2021, which suggests that the company's Q4 2021 financial performance could be disappointing. Also, Sinopec Shanghai has seen a slowdown in petroleum products in Q4 2021 on a QoQ basis.

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Sinopec Shanghai's share price performed very well in early-September as it was likely the subject of short-term speculative activity which I think will not be sustained. Sinopec Shanghai's Q2 2021 results were poor given a major maintenance exercise, but the company should see an earnings recovery in subsequent quarters as the overhaul has been completed.

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The stock price of Sinopec Shanghai Petrochemical Co. (NYSE: SHI) increased by over 10% pre-market. This is why it happened.

SHI Stock: Over 10% Increase Pre-Market Explanation

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NEW YORK, NY / ACCESSWIRE / April 28, 2021 / Sinopec Shanghai Petrochemical Company Limited (the "Company") (HKEx:338)(SSE:600688)(NYSE:SHI) announced today that its Form 20-F for the fiscal year ended December 31, 2020, filed with the United States Securities and Exchange Commission on April 29, 2020, has been posted to the Company's website at http://www.spc-ir.com.hk/eng/report.asp. The soft copy of the Company's annual report on Form 20-F could also be downloaded through its website.

Sinopec Shanghai Petrochemical Company Limited Files 2020 Annual Report on Form 20-F

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HONG KONG / ACCESSWIRE / March 24, 2021 / Sinopec Shanghai Petrochemical Company Limited ("Shanghai Petrochemical" or the "Company", together with its subsidiaries known as the "Group") (HKEX:00338)(SSE:600688)(NYSE:SHI) today announced the annual results for the twelve months ended 31 December 2020 (the "Period"). Given the global COVID-19 pandemic spread, a short-term historical plunge in international oil price and a sharp fall in market demand in 2020, The Group adhered closely to the grand principle of seeking progress while maintaining stability.

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With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI).

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News for Sinopec Shanghai Petrochemical Stock (SHI)