Exhibit 99.1
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.
Sinopec Shanghai Petrochemical Company Limited
(A joint stock limited company incorporated in the People’s Republic of China)
(Stock Code: 00338)
Major Operating Data of the 2022 Financial Year
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 twelve months ended 31 December 2022 as follows:
I. | MAJOR OPERATING DATA OF THE 2022 FINANCIAL YEAR |
Product | Production volume (10,000 tons) | Sales volume (10,000 tons) | Sales revenue (RMB1,000) | |||||||||
Petroleum products | ||||||||||||
Diesel | 252.02 | 251.84 | 18,025,630 | |||||||||
Gasoline | 257.08 | 255.84 | 22,771,659 | |||||||||
Jet Fuel note 1 | 81.70 | 66.24 | 4,302,342 | |||||||||
Intermediate petrochemicals | ||||||||||||
PX note 2 | 58.59 | 58.54 | 4,351,345 | |||||||||
Benzene note 1 | 30.32 | 29.70 | 2,054,928 | |||||||||
Ethylene Glycol note 2 | 9.57 | 6.24 | 258,227 | |||||||||
Ethylene Oxide | 19.67 | 19.23 | 1,261,522 | |||||||||
Ethylene note 2 | 59.81 | — | — | |||||||||
Resins and plastics | ||||||||||||
PE | 39.12 | 38.28 | 3,331,414 | |||||||||
PP | 39.70 | 37.07 | 3,034,463 | |||||||||
Polyester chips note1 note 2 | 10.75 | 10.89 | 695,456 | |||||||||
Synthetic fibres | ||||||||||||
Acrylics | 1.96 | 2.06 | 324,791 |
Note 1: Sales volume excluded materials processed on a sub-contract basis.
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.
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II. | CHANGE IN PRICES OF MAJOR PRODUCTS AND RAW MATERIALS IN THE 2022 FINANCIAL YEAR |
Unit: RMB/ton | ||||||||||||||||
Product | The average price in the 2022 financial year | The average price in the 2021 financial year | Year-on-year Change | Compared with the fourth quarter of 2022 | ||||||||||||
Diesel | 7,158 | 5,497 | 30.21 | % | -8.16 | % | ||||||||||
Gasoline | 8,901 | 7,322 | 21.57 | % | -6.66 | % | ||||||||||
Jet Fuel | 6,495 | 3,700 | 75.54 | % | -4.44 | % | ||||||||||
Ethylene | — | — | — | — | ||||||||||||
PX | 7,433 | 5,643 | 31.72 | % | -7.32 | % | ||||||||||
Benzene | 6,920 | 6,141 | 12.68 | % | -9.95 | % | ||||||||||
Ethylene Glycol | 4,136 | 4,651 | -11.08 | % | -7.73 | % | ||||||||||
Ethylene Oxide | 6,561 | 6,778 | -3.21 | % | — | |||||||||||
PE | 8,703 | 8,713 | -0.11 | % | -5.37 | % | ||||||||||
PP | 8,186 | 8,660 | -5.48 | % | -2.16 | % | ||||||||||
Polyester chips | 6,385 | 5,593 | 14.17 | % | 4.27 | % | ||||||||||
Acrylics | 15,794 | 15,859 | -0.41 | % | 5.85 | % |
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Raw material | The average processing cost in the 2022 financial year | The average processing cost in the 2021 financial year | Year-on-year Change | Compared with the fourth quarter of 2022 | ||||||||||||
Crude oil | 4,683 | 3,232 | 44.87 | % | -3.03 | % |
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, 29 January 2023
As at the date of this announcement, the executive directors of the Company are Wan Tao, Guan Zemin, Du Jun and Huang Xiangyu; the non-executive directors of the Company are Xie Zhenglin and Peng Kun; and the independent non-executive directors of the Company are Li Yuanqin, Tang Song, Chen Haifeng, Yang Jun and Gao Song.
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