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Sinopec Shanghai Petrochemical Co
(OTC:0338)
Sinopec Shanghai Petrochemical Co (0338) vs. iShares MSCI Hong Kong ETF (EWH)
Sinopec Shanghai Petrochemical Co Business Overview & Revenue Model
Sinopec Shanghai Petrochemical Co Earnings Call Summary
Sinopec Shanghai Petrochemical Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.12B | 87.13B | 93.01B | 72.65B | 75.89B | 61.56B |
| Gross Profit | 14.62B | 15.09B | 13.86B | -3.61B | 1.59B | -340.25M |
| EBITDA | -170.76M | 2.37B | 167.00M | -1.99B | 4.31B | 568.82M |
| Net Income | -173.54M | 316.50M | -1.41B | -2.84B | 2.00B | 628.11M |
Balance Sheet | ||||||
| Total Assets | 41.97B | 41.77B | 39.66B | 41.14B | 46.92B | 44.62B |
| Cash, Cash Equivalents and Short-Term Investments | 8.43B | 12.10B | 5.61B | 4.58B | 13.55B | 12.17B |
| Total Debt | 386.82M | 1.57B | 3.71B | 2.27B | 2.26B | 4.58B |
| Total Liabilities | 17.57B | 16.62B | 14.72B | 14.78B | 16.54B | 15.28B |
| Stockholders Equity | 24.31B | 25.04B | 24.82B | 26.23B | 30.24B | 29.20B |
Cash Flow | ||||||
| Free Cash Flow | -3.84B | 5.83B | -808.37M | -10.30B | 725.96M | -161.14M |
| Operating Cash Flow | 778.94M | 7.74B | 807.00M | -7.46B | 3.95B | 1.68B |
| Investing Cash Flow | -727.89M | -2.05B | 1.98B | 4.39B | -2.36B | -3.89B |
| Financing Cash Flow | -5.03B | -2.39B | 1.22B | -1.17B | -3.39B | 1.68B |
Sinopec Shanghai Petrochemical Co Technical Analysis
Sinopec Shanghai Petrochemical Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$774.86M | 5.58 | 4.05% | ― | -12.48% | ― | |
71 Outperform | HK$63.56B | 10.13 | 8.88% | 4.58% | 4.37% | 0.58% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | HK$28.63B | -104.90 | -0.59% | 1.65% | -11.11% | 62.07% | |
55 Neutral | HK$629.16M | 17.25 | 7.01% | 2.35% | -13.08% | -43.83% | |
49 Neutral | HK$3.60B | -26.94 | -40.82% | ― | 23.08% | 23.40% |
Sinopec Shanghai Petrochemical Co Corporate Events
Sinopec Shanghai Petrochemical has approved a plan to consolidate Baling New Materials, a 50:50 joint venture with Hunan Petrochemical, into its group financial statements by amending the joint venture’s Articles of Association and the terms of their Joint Venture Agreement. Although the equity ownership of Baling New Materials will remain unchanged, the move will strengthen Sinopec Shanghai Petrochemical’s voting rights and corporate governance control, effectively turning Baling New Materials into its subsidiary and shifting consolidation from Hunan Petrochemical to the company. The transaction is classified under Hong Kong Listing Rules as both a connected and discloseable transaction, requiring reporting, public announcement, and approval by independent shareholders at an extraordinary general meeting, with a circular to be dispatched by 9 February 2026 and a new joint venture agreement to be signed by 31 March 2026, underscoring tighter group integration and potentially greater strategic and financial influence over the new materials business.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has signed a new framework agreement with its Baishawan Branch and Sinopec Reserve for the provision of crude oil storage services, effective 29 December 2025, setting an annual cap of RMB114 million (including VAT) for storage fees. The cap is based on historical transaction costs and a competitive price inquiry process with at least two independent third-party storage providers in nearby regions, confirming that the agreed unit price of RMB10 per cubic meter per month is not higher than prevailing market rates for an expected one-year storage period covering about 950,000 cubic meters per month. To safeguard minority shareholders and ensure the continuing connected transactions remain on arm’s-length terms, the company has detailed internal control mechanisms involving multi-level contract reviews, quarterly reconciliation and pricing checks by accounting personnel, oversight and opinion from the board and its audit and compliance committee, and annual audits by external auditors to confirm that transaction terms are fair, reasonable and within the approved annual caps.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical has approved a capital increase of up to RMB600 million for its wholly owned subsidiary, Carbon Fiber Company, to be executed via a combination of non-public agreement and public tender. Sinopec Corp. plans to subscribe for up to RMB300 million of the new registered capital, with its eventual stake in Carbon Fiber Company capped at 25%, while the remaining portion of up to RMB300 million will be offered to no more than three strategic investors through a public tender process. The transaction, which may or may not proceed pending completion of the tender and signing of final agreements, will result in Sinopec Shanghai Petrochemical retaining at least 50% ownership, ensuring Carbon Fiber Company remains a consolidated subsidiary and signaling an effort to bring in industrial and financial partners to support its strategic development without relinquishing control.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced a New Framework Agreement with the Baishawan Branch and Sinopec Reserve, set to commence after the expiration of the current agreement on December 31, 2025. The agreement, which involves the provision of crude oil storage services with a capacity of 950,000 cubic meters and annual fees capped at RMB114 million, highlights the company’s ongoing strategic partnerships within the Sinopec Group. This transaction is classified as a continuing connected transaction under Hong Kong and Shanghai listing rules, subject to specific reporting requirements but exempt from shareholder approval.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced the approval of a New Technology R&D Framework Agreement with Sinopec Corp., set to commence after the expiration of the current agreement on December 31, 2025. This agreement will facilitate mutual collaboration in technology research and development, covering areas such as technology consulting, licensing, and patent management. The transactions under this agreement are classified as continuing connected transactions, subject to certain reporting requirements but exempt from independent shareholder approval, indicating a streamlined process for future collaborations.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced its intention to enter into an Entrustment Contract with Baling New Materials, a connected party, to provide personnel secondment services for a thermoplastic elastomer project. The contract, valued at RMB52,722,288.14, is considered a connected transaction under Hong Kong Listing Rules and will be executed before the end of 2025. This strategic move is expected to enhance Sinopec’s operational capabilities and strengthen its industry positioning by leveraging its workforce for the development of new materials.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced the composition of its board of directors and their respective roles within the organization. The board includes executive, non-executive, and independent non-executive directors, with specific members serving on committees such as Audit and Compliance, Remuneration and Appraisal, Nomination, and Strategy and ESG. This announcement is part of the company’s governance structure, which may influence its strategic direction and operational oversight.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited recently held its 2025 Second Extraordinary General Meeting, where all proposed resolutions were passed without objection. The meeting was attended by a significant number of shareholders, representing a substantial portion of the company’s voting shares. The resolutions included continuing connected transactions, with certain shareholders abstaining from voting in compliance with listing rules. The successful meeting underscores the company’s adherence to regulatory requirements and its commitment to transparent governance, potentially reinforcing stakeholder confidence.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board consists of executive, non-executive, and independent non-executive directors, with various members serving on committees such as Audit and Compliance, Remuneration and Appraisal, Nomination, and Strategy and ESG. This announcement reflects the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced the convening of its second extraordinary general meeting for 2025 to discuss and approve several key resolutions. These include new framework agreements for mutual product supply and comprehensive services for 2026-2028, adjustments to the company’s registered capital and business scope, and the election of a new non-independent director. These resolutions aim to streamline operations and enhance corporate governance, potentially impacting the company’s strategic positioning and stakeholder relations.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced the appointment of Mr. Lu Zhiyong as the new general manager and his nomination as a non-independent director, pending approval at the upcoming extraordinary general meeting. Mr. Lu’s extensive experience in safety, environmental protection, and project management is expected to strengthen the company’s operational capabilities and industry standing.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited reported its major operating data for the first three quarters of 2025, showing a decline in the average prices of its major products compared to the same period in 2024. The company experienced a decrease in sales revenue for several products, including diesel and gasoline, due to lower average prices, which may impact its financial performance and market positioning.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Co has announced the approval of New Framework Agreements with Sinopec Group and Sinopec Corp., set to replace the Existing Framework Agreements expiring at the end of 2025. These agreements, effective until 2028, involve continuing connected transactions that require compliance with Hong Kong and Shanghai listing rules, including independent shareholder approval. The company plans to hold an Extraordinary General Meeting (EGM) to approve these transactions and has established an Independent Board Committee to advise shareholders on the terms.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced a series of strategic amendments to its corporate structure and governance in response to recent regulatory changes in China. These amendments include the reduction of registered capital, the abolishment of the supervisory committee, and adjustments to the company’s business scope. The changes aim to align with the revised Company Law and enhance corporate governance, potentially impacting the company’s operational efficiency and market positioning. The proposed amendments will be considered at the company’s 2025 second extraordinary general meeting, with final adjustments subject to regulatory approval.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced amendments to the rules of procedure for its Audit and Compliance Committee. These changes are aimed at enhancing the decision-making function of the board, improving corporate governance, and ensuring effective supervision over management. The committee, composed primarily of independent non-executive directors, is responsible for overseeing compliance and exercising supervisory duties as per regulatory requirements. This move is expected to strengthen the company’s governance structure and uphold shareholder interests.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has revised the rules of procedure for its Remuneration and Appraisal Committee, highlighting a commitment to enhancing corporate governance. The committee is responsible for establishing remuneration policies, appraising directors and officers, and overseeing compensation arrangements, which are crucial for aligning management performance with company goals and ensuring fair practices.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has amended the rules of procedure for its Nomination Committee to enhance corporate governance. This move aims to optimize the board’s composition and improve governance by establishing clear guidelines for the selection and evaluation of directors and officers. The Nomination Committee, primarily composed of independent non-executive directors, is responsible for making recommendations on board appointments and assessing the qualifications of candidates. This amendment is expected to strengthen the company’s governance structure and ensure a robust succession planning process.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has implemented a Board Diversity Policy to enhance sustainable and balanced development by increasing diversity among its Board of Directors. The policy emphasizes diversity in gender, age, cultural and educational background, and professional experience, aiming to support the company’s strategic objectives and maintain sustainable growth. The Nomination Committee will monitor and report on the Board’s composition annually, ensuring the policy’s effectiveness and considering necessary revisions.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited reported its third-quarter results for 2025, highlighting a significant increase in net profit attributable to equity shareholders by 361.67% compared to the same period last year, despite a 13.8% decrease in revenue. The company also noted a substantial decline in net cash flows from operating activities by 81.28%, indicating potential challenges in operational liquidity. These results reflect a mixed financial performance, with improved profitability but ongoing pressures on revenue and cash flow, which may impact the company’s strategic positioning and stakeholder interests.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
Sinopec Shanghai Petrochemical Company Limited has announced a board meeting scheduled for October 22, 2025, to review and approve the company’s third-quarter results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.