Sinopec Shanghai Petrochemical : Major Operating Data of the First Half of 2018
July 19, 2018 at 06:32 am EDT
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(A joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 00338)
Major Operating Data of the First Half of 2018
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 (the "Company") announced the major operating data for the six months ended 30 June 2018:
I. Major operating data of the first half of 2018
Product
Production volume (10,000 tons)
Sales volume (10,000 tons)
Sales revenue (1,000 RMB)
Petroleum products
Diesel
194.73
190.34
9,762,647
Gasoline
163.09
166.29
12,115,405
Jet Fuel note 1
73.95
47.79
1,976,644
Intermediate petrochemicals
PX note 2
32.99
27.43
1,696,617
Benzene note 1
16.95
15.31
848,622
Ethylene Glycol note 2
24.56
19.28
1,279,173
Ethylene Oxide
8.13
7.71
690,526
Ethylene note 2
40.25
0
0
Resins and plastics
PE
22.70
21.39
2,095,115
PP
24.74
22.87
1,951,761
Polyester chips note 1 note 2
18.17
13.64
976,809
Synthetic fibres
Acrylics
6.24
6.32
951,085
Polyester
2.42
1.99
182,857
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.
The above data for sales volume and sales revenue does not include the data for the Company's trading of petrochemical products.
II. Change in prices of major products and raw materials in the first half of 2018
Unit: RMB yuan/ton
Product
The average price in the first half of 2018
The average price in the first half of 2017
Change
Diesel
5,129
5,110
0.37%
Gasoline
7,286
6,632
9.86%
Jet Fuel
4,136
3,671
12.65%
Ethylene
-
8,743
-
PX
6,185
5,879
5.21%
Benzene
5,542
6,056
-8.48%
Ethylene Glycol
6,633
6,062
9.43%
Ethylene Oxide
8,954
8,344
7.32%
PE
9,794
9,193
6.54%
PP
8,535
8,049
6.04%
Polyester chips
7,159
6,443
11.12%
Acrylics
15,056
12,650
19.02%
Polyester
9,192
8,007
14.80%
Raw material
The average processing cost in the first half of 2018
The average processing cost in the first half of 2017
Change
Crude oil
3,067.71
2,653.83
15.60%
III. 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 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
Guo Xiaojun
Joint Company Secretary
Shanghai, the PRC, 19 July 2018
As at the date of this announcement, the executive directors of the Company are Wu Haijun, Gao Jinping, Jin Qiang, Guo Xiaojun, Zhou Meiyun and Jin Wenmin; the non-executive directors of the Company are Lei Dianwu and Mo Zhenglin; and the independent non-executive directors of the Company are Zhang Yimin, Liu Yunhong, Du Weifeng and Li Yuanqin.
Sinopec Shanghai Petrochemical Company Limited published this content on 19 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 July 2018 10:31:07 UTC
Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments. The synthetic fibres segment produces polyester and acrylic fibers, which are used in the textile and apparel industries. The resins and plastics segment produces polyester chips, polyethylene resins and films, polypropylene resins and polyvinyl alcohol (PVA) granules. The intermediate petrochemicals segment produces p-xylene, benzene and ethylene oxide. The petroleum products segment is equipped with crude oil distillation facilities used to produce vacuum and atmospheric gas oils used as feedstock of the Company's downstream processing facilities. The trading of petrochemical products segment is engaged in importing and exporting of petrochemical products.
SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED 
