EE305 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks andlor on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: Sinopec Shanqhai Petrochemical Company Limited 16 May 2025 Date Submitted: Section I must be completed by a listed issuer where has been a charge in its issued shares or teasury shares which is disoloseable pursuant to rule 13.25A of the Rules Gov .i.sting of Securities on The Stock Exchange o ...

Group 1 - The article reports on share buybacks conducted by various companies on May 12, 2025, with AIA Group (01299) having the largest buyback amount of 1.25 billion, purchasing 2 million shares [1][2] - Other notable buybacks include China COSCO Shipping Holdings (01919) with 4.21 million shares bought back for 53.77 million, and Times Electric (03898) with 1.43 million shares for 47.22 million [2][3] - The total number of shares repurchased by AIA Group in the year reached 5.93 billion, accounting for 5.276% of its total share capital [2] Group 2 - China Hongqiao Group (01378) repurchased 1.13 million shares for 15.96 million, representing only 0.380% of its total share capital [2] - Swire Properties (00019) bought back 181,000 shares for 12.67 million, with a total annual repurchase of 5.56 million shares, which is 6.652% of its total [2] - The buyback activity reflects a trend among companies to utilize excess cash for share repurchases, potentially signaling confidence in their financial health [1][2]

证券时报·数据宝统计，上海石油化工股份在港交所公告显示，5月7日以每股1.180港元至1.200港元的价 格回购315.60万股，回购金额达378.53万港元。该股当日收盘价1.200港元，上涨1.69%，全天成交额 3028.29万港元。 自4月24日以来公司已连续8日进行回购，合计回购1884.40万股，累计回购金额2199.13万港元。 其间该 股累计下跌0.83%。 今年以来该股累计进行30次回购，合计回购5982.00万股，累计回购金额7009.61万港元。（数据宝） 上海石油化工股份回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.05.07 | 315.60 | 1.200 | 1.180 | 378.53 | | 2025.05.06 | 260.00 | 1.180 | 1.170 | 306.20 | | 2025.05.02 | 67.40 | 1.170 | 1.160 | 78.49 | | 2025.04.30 | 204.60 | 1. ...

证券时报·数据宝统计，上海石油化工股份在港交所公告显示，4月29日以每股1.150港元至1.160港元的 价格回购282.00万股，回购金额达324.61万港元。该股当日收盘价1.150港元，下跌0.86%，全天成交额 1115.77万港元。 自4月24日以来公司已连续4日进行回购，合计回购1036.80万股，累计回购金额1198.98万港元。 其间该 股累计下跌4.96%。 今年以来该股累计进行26次回购，合计回购5134.40万股，累计回购金额6009.45万港元。（数据宝） 上海石油化工股份回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.04.29 | 282.00 | 1.160 | 1.150 | 324.61 | | 2025.04.28 | 232.40 | 1.170 | 1.150 | 268.40 | | 2025.04.25 | 208.40 | 1.180 | 1.160 | 242.89 | | 2025.04.24 | 314.00 | ...

Financial Performance - The net profit attributable to shareholders for 2024 is RMB 316,500 thousand according to Chinese accounting standards, and RMB 310,980 thousand according to International Financial Reporting Standards[4]. - The company's net sales for 2024 were RMB 74,282.30 million, a decrease of 7.23% compared to RMB 80,077.76 million in 2023[18]. - The pre-tax profit for 2024 was RMB 423.32 million, a significant recovery from a loss of RMB 1,655.41 million in 2023[18]. - The net profit attributable to shareholders for 2024 was RMB 310.98 million, compared to a loss of RMB 1,346.15 million in 2023[18]. - The company reported a basic earnings per share of RMB 0.029 for 2024, recovering from a loss of RMB 0.125 in 2023[18]. - The total revenue for the company was RMB 87.06 billion, a decrease of 6.32% compared to the previous year[64]. - The company's operating profit for 2024 was RMB 0.49 billion, a significant increase of RMB 18.02 billion compared to an operating loss of RMB 1.753 billion in 2023[78]. - The net profit attributable to shareholders of the parent company for 2024 was RMB 316,500 thousand, a turnaround from a loss of RMB 1,405,876 thousand in 2023[91]. - The financial income net amount was RMB 194.56 million in 2024, slightly down from RMB 238.68 million in 2023[74]. Dividends and Shareholder Information - The proposed final dividend for 2024 is RMB 0.02 per share, subject to approval at the annual general meeting[4]. - The final dividend for H-share shareholders is expected to be paid around July 24, 2025, with a record date of July 1, 2025[5]. - The company plans to suspend H-share transfer registration from June 26 to July 1, 2025, to confirm the rights to receive the final dividend[7]. - The total number of ordinary shareholders increased to 86,462 by the end of the reporting period, up from 83,161[42]. - The company plans to cancel 124,058,000 H-shares, reducing the total issued shares to 10,675,227,500[40]. Operational Performance - The company achieved a net cash flow from operating activities of RMB 7,740.45 million in 2024, a significant increase of 859.17% from RMB 806.996 million in 2023[22]. - The net cash flow from operating activities increased significantly to RMB 7.74 billion, a rise of 859.17% compared to RMB 806.996 million in 2023[89]. - The company processed a total of 13.35 million tons of crude oil in 2024, a year-on-year decrease of 5.48%[64]. - The sales volume of refined products was 9,450.52 thousand tons in 2024, down from 9,747.76 thousand tons in 2023, indicating a decrease of about 3.1%[73]. - The company produced over 60 different products, primarily refining and chemical products, with refining products accounting for 66.46% of total sales[31][36]. Risk Management and Compliance - The company has detailed potential risks in the management discussion and analysis section of the board report[9]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors[8]. - The report indicates no related party transactions among the major shareholders, ensuring compliance with regulations[43]. - The company has improved its governance structure and compliance, achieving a leading position in ESG ratings within the industry[68]. - The company has not faced any major litigation or arbitration matters during the reporting period[177]. Environmental and Safety Initiatives - The company has made significant progress in safety production and environmental protection, with VOCs concentration decreasing by 9.90% to an average of 65.14 micrograms per cubic meter[67]. - The company has maintained a 100% compliance rate for wastewater discharge and hazardous waste disposal in 2024[199]. - The company has been recognized as a "Green Enterprise" by Sinopec for 2022 and continues to uphold environmental management certifications[198]. - The company has successfully created 45 grassroots units for green initiatives, achieving a cultivation rate of 91.80%[198]. Future Plans and Strategic Focus - The company aims to enhance product quality and variety while strengthening new product development and market expansion[18]. - The company plans to continue improving operational efficiency to achieve its goal of becoming a "domestically leading, world-class" energy and chemical company[16]. - The company is focusing on green and low-carbon transformation to promote high-quality development[18]. - The company plans to implement comprehensive safety and environmental responsibility measures to ensure high-quality development[120]. - The company will focus on the development of high-end new materials and renewable energy technologies to transition from fossil fuels to a mixed energy structure[119]. Shareholder Structure and Major Shareholders - The largest shareholder, China Petroleum & Chemical Corporation, holds 5,459,455,000 shares, representing 51.14% of total shares[43]. - The controlling shareholder, China Petroleum & Chemical Corporation, is involved in various sectors including oil, natural gas, and chemical production, with a focus on renewable energy and hydrogen business[47]. - The overall shareholding structure remains stable, with no significant exits among the top ten shareholders[46]. - The company has engaged in related party transactions with Sinopec Group and its affiliates, with a maximum annual transaction limit of RMB 2 billion for financial services from January 1, 2024, to December 31, 2025[182]. Research and Development - Research and development expenses for 2024 were RMB 1.74 billion, a decrease from RMB 1.87 billion in 2023[82]. - The company emphasizes research and development innovation as a key strategy for growth[142]. - The company is focusing on the development of high-end new materials and fine chemicals, with ongoing projects in carbon fiber and thermoplastic composite materials[121].

Core Viewpoint - China Petrochemical Corporation (Sinopec) has officially commenced the construction of a 30,000-ton carbon fiber project in Ordos, Inner Mongolia, which aims to enhance the new materials industry in China [1] Group 1: Project Details - The project will utilize Sinopec's proprietary large tow carbon fiber technology and the abundant green electricity resources in Inner Mongolia [1] - It will consist of 10 energy-efficient production lines, expected to be fully operational by 2027 [1] Group 2: Industry Impact - Once operational, the project will supply large tow carbon fiber materials for sectors such as wind power, energy storage, and low-altitude industries [1] - This initiative is positioned to provide critical material support for the new energy industry, contributing to the upgrade and development of China's new materials sector [1]

Financial Performance - The company's operating revenue for Q1 2025 was RMB 19,520,645 thousand, representing a decrease of 8.28% compared to RMB 21,282,263 thousand in the same period last year[6]. - The net profit attributable to shareholders of the listed company was a loss of RMB 89,839 thousand, a decline of 206.87% from a profit of RMB 84,061 thousand in the previous year[6]. - Basic and diluted earnings per share both decreased to RMB -0.008, down 200.00% from RMB 0.008 in the previous year[6]. - Net profit for Q1 2025 was a loss of CNY 89,891, compared to a profit of CNY 85,195 in Q1 2024[19]. - Operating profit for Q1 2025 was a loss of CNY 92,326, contrasting with a profit of CNY 129,219 in Q1 2024[19]. - The company experienced a net loss of CNY -83,910 in comprehensive income for Q1 2025, compared to a profit of CNY 85,195 in Q1 2024[20]. - The total comprehensive income attributable to the parent company in Q1 2025 was CNY -83,858, down from CNY 84,061 in Q1 2024[20]. Cash Flow and Investments - The net cash flow from operating activities was RMB 1,789,914 thousand, a significant improvement from a negative cash flow of RMB 718,251 thousand in the same period last year[6]. - In Q1 2025, the company reported a net cash flow from operating activities of CNY 1,789,914, compared to a negative cash flow of CNY -718,251 in Q1 2024, indicating a significant improvement[23]. - Net cash flow from investing activities in Q1 2025 was CNY 3,479,928, compared to a negative cash flow of CNY -259,552 in Q1 2024[23]. - The company raised CNY 121,078 from investment activities in Q1 2025, a significant decrease from CNY 12,500,000 in Q1 2024[24]. - The company received CNY 3,890,463 related to investment activities in Q1 2025, a substantial increase from CNY 207,885 in Q1 2024[23]. - The company reported a cash outflow of CNY 1,558,277 from financing activities in Q1 2025, compared to CNY 11,083,809 in Q1 2024[24]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 41,244,067 thousand, a decrease of 1.26% from RMB 41,769,339 thousand at the end of the previous year[6]. - Current assets as of March 31, 2025, totaled CNY 20,471,537, slightly down from CNY 20,633,139 as of December 31, 2024[16]. - Total liabilities as of March 31, 2025, were CNY 16,214,905, a decrease from CNY 16,624,844 as of December 31, 2024[17]. - Total assets as of March 31, 2025, amounted to CNY 41,244,067, down from CNY 41,769,339 as of December 31, 2024[17]. - The equity attributable to shareholders of the listed company was RMB 24,924,973 thousand, down 0.46% from RMB 25,040,254 thousand at the end of the previous year[6]. Shareholder Information - The top shareholder, China Petroleum & Chemical Corporation, holds 51.63% of the shares, indicating strong state ownership[12]. Operational Metrics - The decrease in net profit was primarily due to a reduction in product sales volume during the reporting period[10]. - Total operating costs for Q1 2025 were CNY 19,612,971, down 7.3% from CNY 21,153,044 in Q1 2024[19]. - The company reported non-recurring losses totaling RMB -4,630 thousand, which included various one-time expenses and losses[8]. - The weighted average return on net assets was -0.359%, a decrease of 0.70 percentage points compared to 0.338% in the previous year[6]. - Research and development expenses for Q1 2025 were CNY 44,317, an increase from CNY 35,083 in Q1 2024[19]. - The company reported a significant increase in accounts receivable, which rose to CNY 1,366,465 from CNY 701,587 year-over-year[16]. - Cash and cash equivalents at the end of Q1 2025 increased to CNY 12,033,961, up from CNY 5,344,773 at the end of Q1 2024[24]. - The company had no short-term borrowings as of March 31, 2025, compared to CNY 1,500,940 as of December 31, 2024[17].

Financial Performance - The net profit attributable to the shareholders of the parent company for 2024 is RMB 316,500 thousand, a significant recovery from a loss of RMB 1,405,876 thousand in 2023[7]. - Total revenue for 2024 is RMB 87,132,820 thousand, representing a decrease of 6.32% compared to RMB 93,013,595 thousand in 2023[20]. - The company reported a total profit of RMB 428,835 thousand for 2024, a significant turnaround from a loss of RMB 1,715,136 thousand in 2023[20]. - Basic earnings per share for 2024 is RMB 0.030, a significant improvement from a loss of RMB 0.130 in 2023[22]. - The weighted average return on equity increased to 1.270% in 2024 from a loss of 5.504% in 2023, representing an increase of 6.77 percentage points[22]. - The company recorded a net profit attributable to shareholders of RMB 310.98 million in 2024, compared to a loss of RMB 1,346.15 million in 2023[30]. - The company reported a net profit of RMB 317.00 million for 2024, recovering from a loss of RMB 1,349.31 million in 2023[30]. - The company's total revenue for the year ended December 31, 2024, was RMB 87.13 billion, a decrease of 6.32% compared to RMB 93.01 billion in 2023[111]. Cash Flow and Assets - The operating cash flow for 2024 shows a substantial increase to RMB 7,740,447 thousand, up 859.17% from RMB 806,996 thousand in 2023[20]. - The total assets at the end of 2024 amount to RMB 41,769,339 thousand, reflecting a growth of 5.32% from RMB 39,658,244 thousand at the end of 2023[20]. - The net assets attributable to the shareholders of the parent company increased by 0.87% to RMB 25,040,254 thousand at the end of 2024, compared to RMB 24,824,929 thousand at the end of 2023[20]. - The total cash inflow from operating activities for 2024 was RMB 76.24 billion, an increase of RMB 69.6 billion compared to RMB 6.64 billion in the previous year[92]. - The company's total assets as of December 31, 2024, amounted to RMB 41,800,000 thousand, with cash and cash equivalents at RMB 12,096,477 thousand, representing 28.96% of total assets[135]. - The company reported a 115.74% increase in cash and cash equivalents compared to the previous year[135]. Dividends and Profit Distribution - The company plans to distribute a final dividend of RMB 0.02 per share for the 2024 fiscal year, pending approval at the annual general meeting[7]. - The profit distribution plan for 2024 includes a cash dividend of RMB 0.02 per share, pending approval at the annual shareholders' meeting[172]. - The company has a cash dividend policy that mandates a minimum of 30% of the annual net profit to be distributed as cash dividends if certain conditions are met[170]. - The total cash dividends distributed over the last three accounting years amount to RMB 211.58 million, with an average net profit attributable to shareholders of RMB -1.32 billion during the same period[176]. Operational Efficiency and Cost Management - The total cost of sales and expenses for 2024 was RMB 74.23 billion, a decrease of 9.28% from RMB 81.83 billion in 2023[74]. - The company has implemented cost reduction strategies across various operations, including crude oil procurement and logistics management, to improve profitability[52]. - The company's total operating costs for 2024 were RMB 72.05 billion, down 8.99% from RMB 79.16 billion in 2023, primarily due to a decline in the sales volume of petrochemical products[119]. - The company achieved significant breakthroughs in safety production, turning losses into profits, and high-quality development[47]. Market and Product Development - The company emphasizes its commitment to enhancing product quality and variety while focusing on new product development and market expansion[18]. - The company plans to continue focusing on market expansion and new product development to drive future growth[22]. - The company is actively adjusting its product structure to meet the growing demand for petrochemical products in China[18]. - The company anticipates a decline in gasoline and diesel consumption in 2025 due to increased competition and market saturation[146]. Environmental and Safety Initiatives - The company achieved a 100% compliance rate for wastewater discharge and hazardous waste disposal in 2024[180]. - The company reported a total environmental tax payment of RMB 11.066 million to the Jinshan District Tax Bureau in 2024[181]. - The company successfully repaired 8,707 out of 8,971 detected leakage points, resulting in a cumulative repair rate of 97.06%[180]. - The company reduced carbon emissions by 89,053 tons through various measures in 2024[190]. - The company purchased 17.789 million kWh of green electricity, reducing carbon emissions by 74,714 tons[191]. - The company generated 1.333 million kWh of solar power, leading to a reduction of 5,599 tons of carbon emissions[191]. - The company maintained a 100% compliance rate for air pollutant emissions across all major pollution facilities in 2024[180]. - The company completed environmental impact assessments for seven new projects in 2024[186]. Research and Development - Research and development expenses for 2024 amounted to RMB 1.74 billion, compared to RMB 1.87 billion in 2023 and RMB 1.31 billion in 2022[96]. - The company has 153 R&D personnel, accounting for 2.17% of the total workforce[126]. - The company is involved in the development of high-strength carbon fiber technology, with a total funding requirement of RMB 114.75 million for various research projects[200]. Related Party Transactions - The company has engaged in related party transactions with its controlling shareholder, Sinopec Corp, which may impact its business and economic benefits[164]. - Sinopec Corp holds approximately 54.59 billion shares, representing 51.14% of the total shares, indicating a controlling interest that may affect the company's operations[165]. - The company confirmed that all related party transactions were conducted at market prices or according to national pricing policies, ensuring no significant impact on its independence[198]. - The company's financial services transactions with Sinopec Group's contacts amounted to RMB 4.86 million, representing only 1.57% of the maximum limit[196]. - The maximum limit for comprehensive service framework agreements was RMB 1,542 million, with actual transactions for construction and engineering design services amounting to RMB 116.928 million, or 16.93% of the limit[196]. Future Outlook - For 2025, the company plans to process a total of 13.1 million tons of crude oil, producing 8.39 million tons of refined oil, 622,200 tons of ethylene, and 688,000 tons of paraxylene[149]. - The company will invest approximately RMB 2.85 billion in capital expenditures for 2025, funded through financing activities and some self-owned funds[158]. - The company aims to become a "domestically leading, world-class" energy chemical and new materials company, focusing on low-cost upstream and high-value downstream operations[147]. - The company plans to focus on innovation by transitioning from refining to chemicals, then to materials, and finally to high-end products, while also promoting ecological development[152].

证券时报•数据宝统计，上海石油化工股份在港交所公告显示，1月2日以每股1.170港元至1.200港元的价 格回购254.40万股，回购金额达302.94万港元。 该股当日收盘价1.180港元，下跌1.67%，全天成交额2964.77万港元。 （数据宝） 上海石油化工股份回购明细 ...

Financial Performance - The company's operating revenue for Q3 2024 was CNY 22,462,479 thousand, a decrease of 9.87% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 6,627 thousand, down 97.53% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,632 thousand, a decrease of 95.22% compared to the previous year[3]. - The basic earnings per share for the reporting period was CNY 0.001, a decrease of 96.00% year-on-year[3]. - The diluted earnings per share for the reporting period was also CNY 0.001, reflecting the same percentage decrease[3]. - Total operating revenue for the first three quarters of 2024 was CNY 65,995,285, a decrease of 5.4% compared to CNY 69,859,201 in the same period of 2023[15]. - Net profit for the first three quarters of 2024 reached CNY 39,916, compared to a net loss of CNY 716,658 in the same period of 2023, marking a significant turnaround[15]. - Operating profit for the first three quarters of 2024 was CNY 93,067, compared to an operating loss of CNY 771,134 in the same period of 2023[15]. - The company reported a total comprehensive income of CNY 48,476 for the first three quarters of 2024, compared to a total comprehensive loss of CNY 674,048 in the same period of 2023[16]. - Earnings per share for the first three quarters of 2024 were CNY 0.003, compared to a loss per share of CNY -0.067 in the same period of 2023[16]. Cash Flow and Assets - The net cash flow from operating activities was CNY 10,083,631 thousand, with no applicable year-on-year comparison[3]. - Cash flow from operating activities generated a net amount of CNY 10,425,601 in the first three quarters of 2024, compared to a negative cash flow of CNY 888,316 in the same period of 2023[17]. - Cash and cash equivalents increased to RMB 15,375,779,000 from RMB 5,607,013,000, representing a growth of approximately 173.5%[13]. - Cash and cash equivalents at the end of the third quarter of 2024 totaled CNY 11,516,382, up from CNY 5,742,344 at the end of the same period in 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 45,189,264 thousand, an increase of 13.95% from the end of the previous year[4]. - Current assets reached RMB 24,370,107,000, up from RMB 15,454,832,000, indicating a significant increase of about 57.5%[13]. - Total liabilities rose to RMB 20,353,797,000 from RMB 14,715,337,000, marking an increase of about 38.5%[14]. - The company's equity attributable to shareholders decreased slightly to RMB 24,731,866,000 from RMB 24,824,929,000, a decline of approximately 0.4%[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 89,489, with the largest shareholder being Sinopec Limited holding 5,459,455,000 shares, representing 51.14% of total shares[10]. - The second-largest shareholder, Hong Kong Central Clearing (Agent) Limited, held 3,346,317,000 shares, accounting for 31.35%[10]. - The company has no known related party relationships among the top shareholders, ensuring independent shareholder actions[10]. Non-Recurring Items and Expenses - Non-recurring gains and losses for the reporting period totaled CNY -7,005 thousand, with significant impacts from asset disposal losses and other operating income[5]. - Research and development expenses increased to CNY 193,894 in the first three quarters of 2024, up from CNY 112,338 in the same period of 2023, reflecting a focus on innovation[15]. Future Outlook - The company plans to implement new accounting standards starting in 2024, which may impact financial reporting[19].