SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(A joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 00338) Major Operating Data of 2017 First QuarterThis 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.
According to Rule 18 of the Guidelines of the Shanghai Stock Exchange for Industry Information Disclosure No.18-Chemical Industry, Sinopec Shanghai Petrochemical Company Limited announced the major operating data for the three-month period ended 31 March 2017:
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Major operating data of 2017 first quarter
Product
Production volume (10,000 tons)
Sales volume (10,000 tons)
Sales revenue (1,000 RMB)
Petroleum products
Diesel note 1
103.42
73.48
3,828,656
Gasoline
82.63
83.77
5,639,967
Jet Fuel note1
42.96
16.13
590,830
Intermediate petrochemicals
PX note 2
17.02
9.83
603,451
Benzene note1
9.46
8.26
548,890
Ethylene Glycol note2
10.35
7.41
481,239
Ethylene Oxide
3.76
3.74
323,437
Ethylene note2
20.63
0.55
48,084
Resins and plastics
PE
11.66
10.46
979,688
PP
12.64
10.84
899,494
Polyester chips note 1 note2
10.65
6.95
469,688
Synthetic fibres
Acrylics
3.95
3.80
472,006
Polyester
1.20
0.90
74,046
Note 1: Sales exclude materials processed on a sub-contract basis.
Note 2: Part of the difference between the production volume and sales volume is internal use.
Note 3: The above data for sales volume and sales revenue do not include the data for the Company's trading of petrochemical products.
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Change in prices of major products and raw materials in 2017 first quarter
Unit: RMB yuan/ton
Product
The average price of 2017 first quarter
The average price of 2016 first quarter
Change
Diesel
5,211
4,355
19.64%
Gasoline
6,733
5,642
19.34%
Jet Fuel
3,664
2,472
48.24%
Ethylene
8,743
6,440
35.75%
PX
6,136
4,879
25.77%
Benzene
6,647
3,759
76.82%
Ethylene Glycol
6,492
4,432
46.47%
Ethylene Oxide
8,651
6,280
37.75%
PE
9,368
8,029
16.67%
PP
8,298
6,547
26.74%
Polyester chips
6,761
5,079
33.11%
Acrylics
12,422
10,647
16.67%
Polyester
8,213
5,933
38.43%
Raw material
The average processing cost of 2017 first quarter
The average processing cost of 2016 first quarter
Change
Crude oil
2,661.71
1,700.47
56.53%
- Other Matters
The above-mentioned operating data was calculated based on the internal statistics of the Company and are intended to provide an overview of the production and operation of the Group 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 Zhang JianboJoint Company Secretary
Shanghai, PRC, 10 April 2017
As at the date of this announcement, the Executive Directors of the Company are Wang Zhiqing, Wu Haijun, Gao Jinping, Jin Qiang and Guo Xiaojun; the Non-executive Directors of the Company are Lei Dianwu and Mo Zhenglin, and the Independent Non-executive Directors of the Company are Choi Ting Ki, Zhang Yimin, Liu Yunhong and Du Weifeng
Sinopec Shanghai Petrochemical Company Limited published this content on 10 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 April 2017 11:55:04 UTC.
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