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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Chinese refining giant Sinopec posted a 52.1% year-on-year decline in net profit for the third quarter to 8.54 billion yuan ($1.2 billion) because of lower oil prices and weak refining margins.

Sinopec's Q3 earnings fall 52.1% on lower oil prices, refining margins

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.

China's Sinopec Corp begins first carbon capture, plans on building 2 more by 2025

Aluminum Corp of China Ltd

Alibaba

China Life Insurance Co. Ltd.

PetroChina Company Ltd.

China Petroleum & Chemical

Multiple Chinese companies have announced plans to delist from the New York Stock Exchange.

Five Of China's Largest State-Owned Firms Reveal Plans To Delist From NYSE

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

JD.com

A larger team of US auditing regulators may go to China this year to conduct on-site inspections of local auditors, Reuters reported.

US regulators reportedly are in China for talks about corporate audits as more than 100 companies face stock delistings

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

China's Sinopec Corp incurred a loss of 1.6 billion yuan ($243.58 million) on its LNG imports in the first quarter due to high import costs, a company executive said on an earnings call on Thursday.

Sinopec incurs $244 million loss on Q1 LNG imports - company exec

China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing's call for energy companies to raise production.

China's Sinopec plans its biggest capital expenditure in history

Braskem

New York Community Bancorp

OneMain Hld

Ternium

Vector Group

These dividend stocks have yields at least 4.5% or greater and can cover the dividend payments out of earnings by 2 times or more. The post 7 High-Yield Dividend Stocks That Can More Than Cover Their Dividend Payments appeared first on InvestorPlace.

7 High-Yield Dividend Stocks That Can More Than Cover Their Dividend Payments

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.

Sinopec Shanghai: Profit Alert In The Spotlight

Momo

Tencent Holdings Limited

With geopolitical tensions rising, the world's second-biggest economy may be at a crossroads, forcing a closer look at Chinese stocks. The post 7 Chinese Stocks to Watch as Geopolitical Tensions Simmer appeared first on InvestorPlace.

7 Chinese Stocks to Watch as Geopolitical Tensions Simmer

Twenty-First Century Fox

GEO Group

Zillow

RCI Hospitality

While broaching the subject of stocks to sell is always controversial, you'll find less friction with these questionable investments. The post 7 Stocks to Sell You Can Feel Good About Dumping appeared first on InvestorPlace.

7 Stocks to Sell You Can Feel Good About Dumping

China's Sinopec Corp said on Wednesday it completed a successful trial processing crude oil directly into olefin, making the top Asian refiner one of the world's few companies that have applied the technology at an industrial scale.

China's Sinopec completes successful trial of crude to olefin technology

Bank of China Ltd

Cigna

China Construction Bank Corp

Glencore PLC

Honda

McKesson

Ping An Insurance Group Co of China Ltd

AT&T

Toyota Motor

Verizon

Walmart

Exxon Mobil

August/September Fortune published the latest 500 "world's largest companies globally in 2020" (based on revenues) and 33 pay dividends. "A pandemic couldn't disrupt the top spot on the Fortune Global 500 for 2020. Mega-retailer, Walmart landed at number one on the list of the world's largest companies," Fortune states.

8 Of The Top 10 Global Fortune 500 Dividend Dogs Are Ideal In October

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.

Sinopec Shanghai: All Eyes On Earnings Recovery And Dividends

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

Kroger

August/September Fortune published the latest 500 "world's largest companies globally in 2020" (based on revenues) and 33 pay dividends. "A pandemic couldn't disrupt, the top-spot on the Fortune Global 500 for 2020. Mega-retailer, Walmart landed at number-one on the list of the worlds-largest companies by revenue," Fortune stated.

9 Ideal Dividend Dogs Top Global Fortune 500 List Just Out

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

NIO Inc. (NYSE: NIO) held to its mid-April schedule for announcing a strategic partnership agreement with Chinese oil giant Sinopec Shanghai Petrochemical Company Limited (NYSE: SHI). Rumors of a potential partnership began circulating after Sinopec's Chairman Zhang Yuzhuo visited one of Nio's battery swap stations during the Chinese New Year holiday in mid-February.

Nio-Sinopec Partnership Launches With Power Swap Station 2.0: What EV Investors Need To Know

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.

Shanghai Petrochemical Announces 2020 Annual Results Operation Further Optimized and Company Competitiveness Leapfrogged

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).

Here is What Hedge Funds Think About Sinopec Shanghai Petrochemical Company Limited (SHI)

Equinor

Occidental Petroleum

U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world's top economies gear up to review a January deal after a prolonged trade war.

Exclusive: China ramps up U.S. oil purchases ahead of trade deal review - sources

SIG plc SHI, -18.51% dropped 18% in London trade as CEO Meinie Oldersma and CFO Nick Maddock abruptly resigned from the insulation supplier that's a component of the FTSE 250.

SIG plc slumps after resignation of CEO and CFO

China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said.

News for Sinopec Shanghai Petrochemical Stock (SHI)