香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Sinopec Shanghai Petrochemical Company Limited 中國石化上海石油化工股份有限公司 （股份代號：00338） （於中華人民共和國註冊成立之股份有限公司） 截至2024年6月30日止六個月之2024年半年度報告摘要 1. 重要提示 1.1 本半年度報告摘要來自中國石化上海石油化工股份有限公司（「公司」或「本公司」或 「上海石化」，連同其附屬公司統稱為「本集團」）截至2024年6月30日止六個月（「報告 期」或「本報告期」）之2024年半年度報告全文，投資者欲了解詳細內容，應當仔細閱 讀同時刊載於上海證券交易所或中國證券監督管理委員會指定網站、香港聯合交易 所有限公司（「香港交易所」）及本公司網站的2024年半年度報告全文。 1.2 公司簡介 | --- | --- | |----------------|------------------| | | | | 股 ...

Financial Performance - For the fiscal year 2023, the net loss attributable to shareholders of the company was RMB 1,405,876 thousand under Chinese accounting standards, and RMB 1,346,147 thousand under International Financial Reporting Standards[4]. - The company reported a pre-tax loss of RMB (1,655.41) million for 2023, an improvement from a loss of RMB (3,573.65) million in 2022, indicating a reduction in losses by about 53.7%[11]. - The net loss attributable to shareholders for 2023 was RMB (1,346.15) million, compared to a loss of RMB (2,846.05) million in 2022, reflecting a decrease in losses by approximately 52.7%[11]. - The company's total assets as of December 31, 2023, were RMB 39,564.23 million, down from RMB 41,136.76 million in 2022, marking a decline of about 3.8%[11]. - The total liabilities decreased slightly to RMB 14,635.34 million in 2023 from RMB 14,781.36 million in 2022, a reduction of approximately 1.0%[11]. - The company's operating revenue for 2023 was RMB 93,013.60 million, up 12.72% from RMB 82,518.32 million in 2022[14]. - The net cash flow from operating activities improved significantly to RMB 806.996 million in 2023, compared to a cash outflow of RMB (7,337.50) million in 2022[14]. - The company's total equity attributable to shareholders decreased to RMB 24,810.92 million in 2023 from RMB 26,227.72 million in 2022, a decline of approximately 5.4%[11]. - The company reported a consolidated net profit of RMB -1.35 billion for the year, compared to RMB -2.84 billion in the previous year[67]. - The total sales cost was RMB 81.83 billion, resulting in an operating loss of RMB -1.75 billion for the year[67]. Dividends and Shareholder Information - The board of directors recommended not to distribute dividends for the fiscal year 2023 and also not to increase capital from reserves[4]. - The company reported a total of 93,789 common stock shareholders as of the end of the reporting period, an increase from 93,550 at the end of the previous month[29]. - The company executed a share cancellation of 24.528 million H-shares in February 2023, reducing the total share capital[13]. - The top shareholder, China Petroleum & Chemical Corporation, holds 5,459,455,000 shares, representing 50.55% of total shares[30]. - Hong Kong Central Clearing (Agent) Limited has a holding of 3,451,406,030 shares, accounting for 31.96% of total shares, with a decrease of 1,109,000 shares during the reporting period[30]. Market Position and Strategy - The company is positioned as a leading integrated petrochemical enterprise in China, focusing on refining and chemical production, primarily serving the domestic market with significant sales in the East China region[9]. - The company aims to continuously improve operational efficiency and strives to become a "domestically leading, world-class" energy, chemical, and new materials company[9]. - The company plans to continue expanding its market presence and product offerings, focusing on both refining and chemical products[22]. - The majority of the company's sales revenue comes from the East China region, which is one of the fastest-growing areas in China[50]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to strengthen its market position[149]. Product and Sales Performance - The company's net sales for the year ended December 31, 2023, reached RMB 80,077.76 million, an increase from RMB 72,654.56 million in 2022, representing a growth of approximately 10.5%[11]. - The main products contributing to sales in 2023 included gasoline (26.38%), diesel (22.38%), and aviation kerosene (9.62%), collectively accounting for 64.79% of total sales[25]. - The net sales of refining products amounted to RMB 51.88 billion, up 25.18% from RMB 41.44 billion in the previous year, driven by a 35.17% increase in sales volume[69]. - The net sales of chemical products were RMB 19.03 billion, a 4.17% increase from RMB 18.27 billion in 2022, accounting for 23.77% of total sales[70]. - The net sales from petrochemical trading decreased by 31.93% to RMB 8.17 billion, down from RMB 12.01 billion, representing 10.20% of total sales[71]. Environmental and Social Responsibility - The company achieved a 100% compliance rate for wastewater discharge standards in 2023, with a total of 632.38 tons of chemical oxygen demand reported[190]. - The company reported a 100% compliance rate for air pollutant emissions, with a total of 180.41 tons of sulfur dioxide emitted in 2023[188]. - The company invested a total of RMB 2.8995 million in poverty alleviation and rural revitalization projects, benefiting 1,740 individuals[198]. - The company has been continuously promoting the ISO 14001 environmental management system certification since 2013[186]. - The company was recognized as a "Green Enterprise" by China Petroleum in 2022 and again in 2023, maintaining its status as an environmentally friendly enterprise[186]. Risks and Challenges - The company faces risks from the cyclical nature of the oil and petrochemical markets, with potential adverse effects on operations due to price volatility of crude oil and petrochemical products[135]. - The company relies on imports for over 95% of its crude oil, facing risks related to procurement and the inability to fully pass on rising crude oil costs to customers due to market conditions and government regulations[136]. - Fluctuations in the RMB exchange rate against foreign currencies could adversely affect the company’s business and profitability, especially since a significant portion of crude oil procurement is priced in foreign currencies[139]. - Related party transactions with Sinopec and its affiliates may impact the company’s business and economic benefits if agreements are modified unfavorably[140]. Governance and Compliance - The company has implemented a modernized governance system to enhance management efficiency and promote talent development[59]. - The company has no significant litigation or arbitration matters during the reporting period[172]. - There were no penalties or regulatory actions against the company or its executives during the reporting period[173]. - The company has adopted new accounting standards effective from January 1, 2023, impacting the financial reporting framework[167]. - The domestic auditor, KPMG Huazhen LLP, has been retained for the 2023 fiscal year with a fee of RMB 3,418,500, and the audit term is set for three years[171].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Sinopec Shanghai Petrochemical Company Limited 中國石化上海石油化工股份有限公司 （股份代號：00338） （於中華人民共和國註冊成立之股份有限公司） 2024年第一季度報告 | --- | --- | |------------------------------------------------------------------------------|--------------| | | | | 本公告在上海和香港同步刊登。本公告乃根據《上海證券交易所股票上市規則》規定於 | | | 中國境內刊登。本公告乃根據《香港聯合交易所有限公司證券上市規則》第 | 13.09 條及第 | | 13.10B 條的披露義務而作出。 | | 一、重要內容提示 1.1 中國石化上海石油化工股份有限公司（「本公司」、「公司」）董事會（「董事會」）、 監事會及董事、監 ...

智通财经APP讯，上海石油化工股份(00338)发布公告，公司第十一届董事会审计与合规管理委员会第三 次会议审议通过了《关于续聘2024年度境内及境外会计师事务所并建议授权董事会决定其酬金的议 案》。董事会审计与合规管理委员会认为:毕马威华振和毕马威香港具备应有的专业胜任能力、投资者 保护能力、独立性及良好的诚信状况，并同意将该提案提交董事会审议。 公司于2024年3月20日召开公司第十一届董事会第六次会议，以11票同意、0票反对、0票弃权审议通过 了《关于续聘2024年度境内及境外会计师事务所并授权董事会决定其酬金的议案》。 ...

Financial Performance - The net loss attributable to shareholders for 2023 was RMB 1,405,876 thousand, a decrease of 51.05% compared to the previous year's loss of RMB 2,871,969 thousand[3]. - Total operating revenue for 2023 was RMB 93,013,595 thousand, representing a 12.72% increase from RMB 82,518,315 thousand in 2022[9]. - The basic loss per share for 2023 was RMB (0.130), a 50.94% improvement from RMB (0.265) in 2022[10]. - The weighted average return on equity for 2023 was (5.504)%, an increase of 4.66 percentage points from (10.162)% in 2022[10]. - The company reported a net loss attributable to shareholders of RMB 1,346.15 million for 2023, compared to a loss of RMB 2,846.05 million in 2022, indicating an improvement of about 52.7%[14]. - The total operating loss for 2023 was RMB 1,752.95 million, compared to a profit of RMB 1,432.20 million in 2021[34]. - The operating loss for 2023 was RMB 1.75 billion, an improvement of RMB 2.09 billion compared to an operating loss of RMB 3.84 billion in the previous year[43]. - The pre-tax loss for 2023 was RMB 1.66 billion, reduced by RMB 1.92 billion from a pre-tax loss of RMB 3.57 billion in 2022[48]. - The net loss after tax for 2023 was RMB 1.35 billion, a decrease of RMB 1.49 billion from a net loss of RMB 2.84 billion in the previous year[49]. - The total comprehensive loss for the year was RMB 1,363,294 thousand, an improvement from RMB 2,690,362 thousand in 2022, reflecting a reduction of 49.3%[126]. Cash Flow and Assets - The company reported a net cash flow from operating activities of RMB (1,365,513) thousand, a 50.75% decrease compared to RMB (2,790,670) thousand in 2022[9]. - The company experienced a net cash flow from operating activities of RMB 1,695,312 thousand in Q4 2023, a significant recovery compared to the negative cash flows in the previous three quarters[15]. - The company's cash flow from operating activities showed a significant improvement, with a net cash inflow of RMB 1,200,000 thousand in 2023 compared to a net outflow of RMB 500,000 thousand in 2022[125]. - The company's total assets decreased by 3.84% to RMB 39,658,244 thousand at the end of 2023, down from RMB 41,242,782 thousand in 2022[9]. - The company's total assets as of December 31, 2023, were RMB 39,658,244 thousand, down from RMB 41,242,782 thousand as of December 31, 2022[124]. - The company's cash and cash equivalents increased to RMB 5.61 billion in 2023 from RMB 3.99 billion in 2022, representing a growth of approximately 40.4%[122]. - The company's inventory rose to RMB 7.75 billion in 2023, compared to RMB 7.29 billion in 2022, indicating an increase of about 6.3%[122]. - The company's total current assets were reported at RMB 15.45 billion, slightly down from RMB 15.77 billion in the previous year[122]. - The company's accounts receivable as of December 31, 2023, totaled RMB 2,649,838 thousand, a decrease from RMB 2,815,841 thousand as of December 31, 2022, indicating a reduction of about 5.9%[153]. Revenue and Sales - The company's net sales for 2023 reached RMB 80,077.76 million, an increase from RMB 72,654.56 million in 2022, representing a growth of approximately 5.8%[14]. - The company's revenue for the year reached RMB 92.93 billion, an increase of 12.72% compared to the previous year[21]. - The net revenue for 2023 was RMB 80.08 billion, an increase of 10.22% from RMB 72.66 billion in 2022[36]. - The net revenue from refining products reached RMB 51.88 billion, up 25.18% from RMB 41.44 billion in the previous year, driven by a 35.17% increase in sales volume[37]. - The total sales volume for 2023 reached 12,528.08 thousand tons, with a net sales amount of RMB 80,077.76 million, representing a 10.00% increase from RMB 72,654.56 million in 2022[33]. - Revenue from a single customer amounted to RMB 66,435,767 thousand in 2023, up from RMB 52,190,120 thousand in 2022, marking a significant increase of around 27.3%[163]. Costs and Expenses - The total sales costs and expenses for 2023 were RMB 81.83 billion, a rise of 6.97% from RMB 76.50 billion in 2022[39]. - The company's sales cost for 2023 was RMB 81.61 billion, which accounted for 102.19% of the total net revenue[40]. - The company reported a significant increase in sales costs, with refined products' sales costs at RMB 52,111.60 million, which is 65.08% of net sales[34]. - The total cost of crude oil processing increased by RMB 9.69 billion, up 20.56%, accounting for 69.63% of total sales costs[23]. - The company's sales and management expenses increased by 7.48% to RMB 316 million in 2023, up from RMB 294 million in 2022[41]. Research and Development - Research and development expenses for 2023 amounted to RMB 187 million, an increase from RMB 131 million in 2022 and RMB 94 million in 2021, primarily due to rising material costs for equipment and product technology development[52]. - The company had 159 R&D personnel, accounting for 2.11% of the total workforce, with 10 holding doctoral degrees and 48 holding master's degrees[68]. - Research and development expenses increased to RMB 186,978 thousand in 2023, up from RMB 130,516 thousand in 2022, marking a growth of 43.3%[125]. Environmental and Regulatory Compliance - The company achieved a 100% compliance rate for wastewater discharge and hazardous waste disposal in 2023[101]. - The company incurred an environmental tax payment of RMB 9.8747 million to the Jinshan District Tax Bureau in 2023[102]. - The company received administrative penalties totaling RMB 519,600 due to environmental issues in September 2023[103]. - The company has implemented carbon reduction measures resulting in a total reduction of 40,249 tons of CO2 equivalent emissions[109]. - The company purchased 46.02 million kWh of green electricity in 2023, reducing carbon emissions by 19,317 tons[109]. Governance and Management - The company has complied with all applicable provisions of the Corporate Governance Code throughout the reporting period[117]. - The company's independent non-executive directors confirmed that related party transactions were conducted at fair market prices and did not significantly impact the company's independence[114]. - The controlling shareholder, Sinopec Corp., holds approximately 50.55% of the company's shares, which may influence the company's operations and financial decisions[94]. Future Outlook - The company plans to process a total of 14.3 million tons of crude oil in 2024, with a target production of 8.8 million tons of refined oil[82]. - The company aims to produce 671,000 tons of ethylene and 692,000 tons of paraxylene in 2024[82]. - The company plans to invest approximately RMB 2.889 billion in capital expenditures for 2024, funded through financing activities and some self-owned funds[90].

FF304 Next Day Disclosure Return (Equity issuer - changes in issued share capital and/or share buybacks) Instrument: Equity issuer Status: New Submission Name of Issuer: Sinopec Shanghai Petrochemical Company Limited 07 December 2023 Date Submitted: Section I must tee corquéeed by a listed issuer where there has been a change in its issued share capital which is disoboseable pursuant to rule 13.25A of the Main Board Ru .isting Rules") / rule 17.27A of the GEM Rules (the 'GEM Listing Rules'') Governing the L ...

FF304 Next Day Disclosure Return (Equity issuer - changes in issued share capital and/or share buybacks) Instrument: Equity issuer Status: New Submission Name of Issuer: Sinopec Shanghai Petrochemical Company Limited 06 December 2023 Date Submitted: Section I must tee corquéeed by a listed issuer where has been a change in its issued share capital which is disoboseable pursuant to nule 13.25A of the Main Baard Rules (t .isting Rules") / rule 17.27A of the GEM Rules (the 'GEM Listing Rules'') Governing the L ...

FF304 Next Day Disclosure Return (Equity issuer - changes in issued share capital and/or share buybacks) Instrument: Equity issuer Status: New Submission Name of Issuer: Sinopec Shanghai Petrochemical Company Limited 05 December 2023 Date Submitted: Section I must tee corquéeed by a listed issuer where there has been a change in its issued share capital which is disoboseable pursuant to rule 13.25A of the Main Board Ru .isting Rules") / rule 17.27A of the GEM Rules (the 'GEM Listing Rules'') Governing the L ...

FF304 Next Day Disclosure Return (Equity issuer - changes in issued share capital and/or share buybacks) Instrument: Equity issuer Status: New Submission Name of Issuer: Sinopec Shanghai Petrochemical Company Limited 04 December 2023 Date Submitted: Section I must tee corquéeed by a listed issuer where there has been a change in its issued share capital which is disoboseable pursuant to rule 13.25A of the Main Board Ru .isting Rules") / rule 17.27A of the GEM Rules (the 'GEM Listing Rules'') Governing the L ...

FF304 Section I must be corquéeed by a listed issuer where there has been a change in its issued share capital which is disoboseable pursuant to nule 13.25A of the Main Baard Rul .isting Rules") / rule 17.27A of the GEM Rules (the 'GEM Listing Rules'') Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the 'Exchange') | Section I | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. Class of shares Ordinary shares | H Type of shares | | Listed on SEHK (Note 11) | Yes | ...