(A joint stock limited company incorporated in the People's Republic of China) （在中華人民共和國註冊成立之股份有限公司） （Stock Code 股份代號：00338） N O T I F I C AT I O N L E T T E R 通 知 信 函 20 September 2023 The English and Chinese versions of the Current Corporate Communications are available on the Company's website at www.spc.com.cn and the HKEXnews website of The Stock Exchange of Hong Kong Limited (the "HKEX") at www.hkexnews.hk. You may access the Current Corporate Communication by clicking "Investor Relations" on the home ...

N OT IF IC ATI ON LET TE R 通 知 信 函 Dear Non-registered holder(1) , (A joint stock limited company incorporated in the People's Republic of China) （在中華人民共和國註冊成立之股份有限公司） （Stock Code 股份代號：00338） 20 September 2023 Sinopec Shanghai Petrochemical Company Limited (the "Company") – Notice of Publication of the 2023 Interim Report (the "Current Corporate Communications") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.spc.com.cn and the ...

证券代码：600688 证券简称：上海石化 公告编号：临 2023-35 中国石化上海石油化工股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 中国石化上海石油化工股份有限公司（以下简称"公司"或"本 公司"）已于 2023 年 8 月 24 日发布公司 2023 年半年度报告，为便于 广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状 况，公司计划于 2023 年 9 月 26 日上午 9:00-10:00 举行 2023 年半年 度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 会议召开时间：2023 年 9 月 26 日(星期二) 上午 9:00-10:00 会议召开地点：上海证券交易所上证路演中心（"上证路演中心"） （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 9 月 19 日(星期二) 至 9 月 25 日(星期 一)16:00 ...

Financial Performance - The company's operating revenue for the first half of 2023 was RMB 44,937,051 thousand, a decrease of 2.10% compared to RMB 45,900,355 thousand in the same period last year[9]. - The total loss for the period was RMB 1,211,974 thousand, representing an increase of 173.83% from a loss of RMB 442,601 thousand in the previous year[9]. - The net loss attributable to shareholders of the parent company was RMB 988,277 thousand, an increase of 126.65% compared to RMB 436,042 thousand in the same period last year[9]. - The company reported a net loss attributable to shareholders of RMB 988.28 million for the first half of 2023, compared to a loss of RMB 436.04 million in the same period last year, representing an increase in loss of 126.67%[13]. - In the first half of 2023, the company achieved a net sales revenue of RMB 38.66 billion, a decrease of 3.69% compared to the same period last year[20]. - The company reported a net loss of RMB 9.67 billion for the first half of 2023, an increase of RMB 5.40 billion compared to a loss of RMB 4.27 billion in the same period last year[21]. - The company reported a basic and diluted loss per share of RMB 0.092 for the six months ended June 30, 2023, compared to RMB 0.040 for the same period in 2022[105]. - The total comprehensive loss for the six months ended June 30, 2023, was RMB 985,707 million, compared to a total comprehensive income of RMB 157,357 million for the same period in 2022[105]. Cash Flow and Financing - The net cash flow used in operating activities was RMB -226,882 thousand, a significant decrease of 96.46% from RMB -6,405,122 thousand in the previous year[9]. - The company’s cash outflow from operating activities was RMB 280 million, significantly reduced from RMB 6.44 billion in the same period last year[22]. - The company achieved a net cash flow from financing activities of RMB 3,427,414,000, a 76.10% increase compared to the previous year, reflecting increased borrowing activities[33]. - The net cash flow from operating activities for the first half of 2023 was a negative RMB 226,882 thousand, a significant improvement compared to a negative RMB 6,405,122 thousand in the same period of 2022[108]. - The company raised RMB 16,018,000 thousand in loans during the first half of 2023, up from RMB 9,455,000 thousand in the same period of 2022[110]. Assets and Liabilities - The net assets attributable to shareholders of the parent company at the end of the reporting period were RMB 25,276,032 thousand, down 3.69% from RMB 26,243,746 thousand at the end of the previous year[10]. - Total assets at the end of the reporting period were RMB 41,701,821 thousand, an increase of 1.11% from RMB 41,242,782 thousand at the end of the previous year[10]. - The company's total borrowings increased by RMB 34.98 billion to RMB 57.48 billion as of June 30, 2023[24]. - The asset-liability ratio as of June 30, 2023, was 38.97%, up from 31.58% a year earlier[26]. - The total liabilities reached RMB 16,295,519 thousand as of June 30, 2023, up from RMB 14,871,357 thousand at the end of 2022, reflecting a rise of approximately 9.5%[99]. Production and Sales - The total production of main products increased by 16.30% year-on-year, reaching 6.3172 million tons in the first half of 2023[18]. - The company processed 7.0939 million tons of crude oil, including 403,100 tons of processing for others, marking a 22.41% increase year-on-year[18]. - The production of gasoline was 1.6047 million tons, up 10.80% year-on-year, while diesel production increased by 40.74% to 1.8454 million tons[18]. - The production of aviation kerosene surged by 107.24% to 816,100 tons in the first half of 2023[18]. - The company's product sales rate was 98.93%, with a cash collection rate of 100% excluding related parties[18]. Research and Development - R&D expenses increased by 86.85% to RMB 68,062,000 due to the rise in research projects during the reporting period[33]. - The company is actively researching new technologies in the refining and chemical industry, including CO2 capture and utilization technology, to adapt to the ongoing transformation in the energy sector[15]. Environmental Compliance - The company achieved a 100% compliance rate for sulfur dioxide emissions, with an actual average concentration of 0.01-30 mg/m³ and a total discharge of 88.51 tons[62]. - The company also maintained a 100% compliance rate for nitrogen oxides, with an actual average concentration of 0.1-85 mg/m³ and a total discharge of 564.73 tons[62]. - The company reported a total discharge of 299.25 tons for chemical oxygen demand, achieving a daily average compliance rate of 100%[64]. - The company received no administrative penalties for environmental issues during the reporting period[72]. Corporate Governance - The board of directors has approved the half-year report in a meeting attended by all directors[2]. - The company held its annual general meeting on June 28, 2023, where various reports and proposals were approved[51]. - The company has complied with all provisions of the Corporate Governance Code as per the Hong Kong Listing Rules during the reporting period[59]. Shareholder Information - The major shareholder, Sinopec Corp., holds 5.459 billion shares, accounting for 50.55% of the total shares, indicating absolute control over the company[50]. - The total number of ordinary shareholders as of the end of the reporting period is 94,357[89]. - The company did not issue any securities during the reporting period[88]. Risks and Challenges - The company faces risks related to the cyclical nature of the oil and petrochemical market, which may adversely affect its operations[44]. - The company relies on imported crude oil for over 95% of its needs, exposing it to procurement risks and price fluctuations[45]. - The company is exposed to risks from currency fluctuations, particularly the depreciation of the RMB against foreign currencies, which could increase costs and impact profitability[48].

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 產生或因依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 聯席公司秘書 劉剛 中國，上海，2023年8月10日 00338 董事會會議召開日期 本公告乃依據《香港聯合交易所有限公司證券上市規則》第13.43條而作出。 中國石化上海石油化工股份有限公司（「本公司」及其附屬公司「本集團」）董事會（「董事 會」）玆通告謹定於2023年8月23日（星期三）舉行董事會會議，以審議並批准本集團截至 2023年6月30日止之2023年半年度業績以作刊發之用及處理其他事項。 承董事會命 於本公告刊登日，本公司的執行董事為萬濤﹑管澤民﹑杜軍及黃翔宇；本公司的非執行 董事為解正林及秦朝暉；及本公司的獨立非執行董事為唐松、陳海峰、楊鈞、周穎及黃 江東。 ...

中国石化上海石油化工股份有限公司（以下简称"公司"或"本 公司"）2022 年年度报告已于 2023 年 3 月 23 日在上海证券交易所网 站（www.sse.com.cn）及指定信息披露媒体披露。为便于广大投资者 更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 6 月 7 日上午 9:00-10:00 在上证路演中心平台举行 2022 年 度业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2023 年 6 月 7 日(星期三) 上午 9:00-10:00 会议召开地点：上海证券交易所上证路演中心（"上证路演中心"） （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 证券代码：600688 证券简称：上海石化 公告编号：临 2023-27 中国石化上海石油化工股份有限公司 关于召开 20 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 21,978,009, a decrease of 15.49% compared to CNY 26,006,070 in the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 163,142, representing a decline of 176.27% from a profit of CNY 213,510 in the previous year[5]. - The basic and diluted earnings per share were both negative CNY 0.015, compared to positive CNY 0.020 in the previous year[5]. - Net profit for Q1 2023 was -162,346 thousand RMB, compared to a net profit of 215,222 thousand RMB in Q1 2022, indicating a significant decline[19]. - Operating profit for Q1 2023 was -161,125 thousand RMB, down from 311,893 thousand RMB in the same period last year[18]. - The company reported a total comprehensive income of -162,346 thousand RMB for Q1 2023, compared to 421,018 thousand RMB in Q1 2022[19]. - The basic earnings per share for Q1 2023 was -0.015 RMB, compared to 0.020 RMB in Q1 2022, reflecting the decline in profitability[19]. Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 29,479, compared to a negative CNY 1,785,568 in the same period last year[5]. - Cash flow from operating activities showed a net outflow of -29,479 thousand RMB in Q1 2023, compared to -1,785,568 thousand RMB in Q1 2022, indicating improved cash management[20]. - The company's cash and cash equivalents increased to CNY 7,281,505 from CNY 3,998,332 year-over-year[15]. - Cash and cash equivalents at the end of Q1 2023 were 3,953,405 thousand RMB, down from 4,987,376 thousand RMB at the end of Q1 2022[21]. - As of March 31, 2023, the total current assets amounted to CNY 15,764,370, a slight decrease from CNY 15,765,882 as of December 31, 2022[15]. - The total assets at the end of the reporting period were CNY 40,637,918, reflecting a decrease of 1.47% from CNY 41,242,740 at the end of the previous year[6]. - The total assets as of March 31, 2023, were CNY 40,637,918, down from CNY 41,242,782 at the end of 2022[17]. Liabilities and Equity - The total liabilities decreased to CNY 14,411,891 from CNY 14,871,357 compared to the previous year[16]. - The total equity attributable to shareholders was CNY 26,097,552, down from CNY 26,243,746 compared to the previous year[17]. - Short-term borrowings increased significantly to CNY 5,048,000 from CNY 1,550,000 year-over-year[16]. - The total equity as of March 31, 2022, was RMB 26,371,386 thousand, with a minor adjustment of RMB 39 thousand[26]. Operational Insights - The company reported a decrease in sales volume and reduced investment income as key reasons for the decline in net profit attributable to shareholders[10]. - The company received government subsidies amounting to CNY 7,679, which are closely related to its normal business operations[8]. - The company is implementing adjustments in accordance with the new accounting standards effective from January 1, 2023, which may impact financial reporting[7]. - The company reported a direct economic loss of approximately CNY 9.71 million due to a production safety incident[14]. - Research and development expenses increased to 30,776 thousand RMB in Q1 2023, up from 11,867 thousand RMB in Q1 2022, reflecting a focus on innovation[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 95,286, with the largest shareholder being Sinopec Limited holding 50.55%[11]. - The company has no known related party relationships among its major shareholders[13].

Financial Performance - The net loss attributable to shareholders for 2022 was RMB 2,872,072 thousand under Chinese accounting standards, and RMB 2,846,156 thousand under IFRS[5]. - The company reported a net loss attributable to shareholders of RMB 2,872.1 million in 2022, a decline of 243.57% from a profit of RMB 2,000.5 million in 2021[25]. - Basic and diluted earnings per share for 2022 were both RMB (0.263), compared to RMB 0.192 in 2021, indicating a significant loss[25]. - The weighted average return on equity decreased to (10.163%) in 2022, down 16.89 percentage points from 6.727% in 2021[24]. - The company's total assets at the end of 2022 were RMB 41,242.7 million, a decrease of 12.32% from RMB 47,038.6 million at the end of 2021[25]. - The company's net profit attributable to shareholders was a loss of RMB 2.8462 billion, compared to a profit of RMB 2.0734 billion in 2021[54]. - The gross loss for the company was RMB 3.8434 billion, compared to a profit of RMB 1.4322 billion in 2021[54]. - The net loss after tax for 2022 was RMB 2.8423 billion, a decrease of RMB 4.9189 billion compared to a net profit of RMB 2.0766 billion in the previous year[76]. - The company's cash flow from operating activities showed a net outflow of RMB 7,337.5 million in 2022, compared to a net inflow of RMB 4,060.0 million in 2021[25]. - The company's cash flow from operating activities showed a net outflow of RMB 7.337 billion, an increase in outflow of 280.73% compared to a net inflow of RMB 4.060 billion in 2021[93]. Revenue and Sales - The company's net sales for 2022 were RMB 72,654.6 million, a decrease of 4.3% compared to RMB 75,888.8 million in 2021[25]. - The company's revenue for the year was RMB 82.443 billion, representing a decline of 7.57% compared to the previous year[38]. - The company's total revenue for 2022 was RMB 72.6546 billion, a decrease of 4.26% from RMB 75.8888 billion in 2021[54]. - Synthetic fiber revenue dropped to RMB 412.5 million, a significant decline of 70.00% compared to RMB 1,374.8 million in the previous year, with sales volume decreasing by 78.02%[54]. - Revenue from resins and plastics fell to RMB 7.3212 billion, down 26.51% from RMB 9.9627 billion in 2021, with sales volume decreasing by 29.13%[55]. - Intermediate petrochemical products generated RMB 10.5377 billion in revenue, a slight decrease of 2.25% from RMB 10.7805 billion, with sales volume down by 11.43%[56]. - Oil products revenue was RMB 41.4447 billion, a decrease of 1.05% from RMB 41.8844 billion, with sales volume declining by 30.06%[57]. - Revenue from petrochemical product trading increased to RMB 12.0076 billion, an increase of 8.65% from RMB 11.0514 billion, driven by higher sales from a subsidiary[58]. - Other revenue rose to RMB 930.9 million, an increase of 11.48% from RMB 835.0 million in the previous year[59]. Costs and Expenses - The group's total sales costs and expenses for 2022 amounted to RMB 76.498 billion, an increase of 2.74% compared to RMB 74.457 billion in 2021[61]. - The sales cost for 2022 was RMB 76.266 billion, up 2.65% from RMB 74.298 billion in the previous year, with sales costs accounting for 104.97% of the net sales for the year[62]. - The total operating cost for 2022 was RMB 73,518 million, an increase of 2.57% from RMB 71,676 million in 2021, primarily due to rising international crude oil prices[98]. - The total cost of crude oil processing increased by RMB 3.956 billion, up 9.16% year-on-year, accounting for 61.81% of total sales costs[40]. Assets and Liabilities - The company's net asset attributable to shareholders decreased by 13.27% to RMB 26,243.7 million at the end of 2022 from RMB 30,260.2 million at the end of 2021[25]. - The company experienced a significant increase in total liabilities, which amounted to RMB 14,781.4 million at the end of 2022, compared to RMB 16,543.2 million at the end of 2021[26]. - The asset-liability ratio as of December 31, 2022, was 35.93%, up from 35.26% in 2021[80]. - As of December 31, 2022, cash and cash equivalents amounted to RMB 3,998,332 thousand, a decrease of 68.01% from RMB 12,498,617 thousand in the previous year[113]. - Accounts receivable increased by 114.84% to RMB 2,512,362 thousand, indicating a rise in outstanding payments[113]. - The total liabilities included accounts payable of RMB 9,144,554 thousand, which increased by 55.29% due to rising crude oil procurement prices[113]. Research and Development - The company applied for 120 patents and was granted 59, highlighting its commitment to technological innovation[42]. - The research and development expenses for 2022 were RMB 130.5 million, an increase from RMB 94.3 million in 2021, primarily due to higher material costs for equipment and product technology development[81]. - The company's research and development (R&D) expenses totaled RMB 130,516 thousand, accounting for 0.16% of total revenue[102]. - The company’s R&D efforts are detailed in the management discussion and analysis section, focusing on innovation and product development[155]. Management and Governance - The board of directors proposed not to distribute dividends for the year and not to increase capital from reserves[5]. - The financial statements were audited by KPMG Huazhen and KPMG, both issuing standard unqualified audit opinions[9]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[6]. - There were no violations of decision-making procedures regarding external guarantees[7]. - The company has maintained stable production operations following an explosion incident, with all production lines returning to normal by the end of September[41]. - The company has maintained a good integrity status, with no significant debts or obligations unmet during the reporting period[183]. - The company confirmed that all related party transactions were conducted at market prices and did not significantly affect its independence[188]. Future Outlook and Strategy - The company plans to continue optimizing its product structure and improving product quality to meet the growing demand for petrochemical products in China[34]. - The company plans to process 13.6 million tons of crude oil in 2023, with production targets of 8.001 million tons of refined oil, 756,000 tons of ethylene, and 680,000 tons of paraxylene[128]. - The company aims to achieve commercial operation of the first phase of the 48K tow project and start construction of the second phase within the year[132]. - The company anticipates capital expenditure of approximately RMB 3.7 billion for 2023[123]. - The company is committed to enhancing safety and environmental standards, focusing on risk management and compliance with environmental regulations[128]. - The company plans to strengthen its core industries, particularly in high-end new materials like carbon fiber, and aims to transition towards renewable energy sources[127]. - The company will optimize its management structure to improve efficiency and enhance internal capabilities[130]. - The company emphasizes talent development and employee satisfaction to support its long-term growth strategy[133]. Market and Industry Conditions - The company faces challenges including fluctuating oil prices, market uncertainties, and rising investment costs, which may impact financial stability and operational efficiency[126]. - The company’s revenue is significantly affected by the cyclical nature of the oil and petrochemical markets, with potential adverse impacts from rising crude oil prices and falling petrochemical product prices[134]. - The company’s ability to pass on increased costs due to rising crude oil prices to customers is dependent on market conditions and government regulations, which may lead to delays[135]. - The company is subject to strict environmental regulations in China, and future regulatory changes could result in additional costs[137]. - The company’s operations and financial results may be adversely affected by fluctuations in the exchange rate of the Renminbi against other currencies, particularly the US dollar[138]. - Recent government policies have provided opportunities for high-quality development in the petrochemical industry, particularly in new materials and high-end chemicals[144]. Related Party Transactions - The company is involved in significant related party transactions with its controlling shareholder, Sinopec Corp, which could impact its business and economic benefits[140]. - Sinopec Corp holds approximately 50.44% of the company's shares, giving it absolute control and the potential to influence the company's operations and financial decisions[141]. - The company engaged in a technology development contract with Sinopec Corp for the research and development of high-performance carbon fiber equipment, with a total cost of RMB 44,400,000, to be paid in two installments[190]. - The company signed a new product supply and sales service framework agreement with Sinopec Group, effective for three years until December 31, 2025[184]. Compliance and Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[181]. - The company has not faced any administrative penalties or investigations by the China Securities Regulatory Commission during the reporting period[182].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 11,878,206, a decrease of 51.96% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was a loss of CNY 1,566,776, representing a decline of 317.35% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1,529,123, down 313.63% from the previous year[5] - Total operating revenue for the first three quarters of 2022 was CNY 57,778,561, a decrease of 6.7% compared to CNY 61,863,093 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was a loss of CNY 1,998,274, compared to a profit of CNY 1,971,400 in the same period of 2021[18] - The company recorded a total comprehensive loss of CNY 1,777,831 for the first three quarters of 2022, compared to a total comprehensive income of CNY 2,048,850 in the same period of 2021[19] - The company's investment income for the first three quarters of 2022 was a loss of CNY 185,032, a decline from a profit of CNY 777,741 in the same period of 2021[18] Cash Flow and Assets - The net cash flow from operating activities for Q3 2022 was CNY 1,670,792, a decrease of 18.34% compared to the same period last year[5] - The company reported a net cash outflow from operating activities of CNY 4,734,330 for the first three quarters of 2022, compared to an outflow of CNY 343,611 in the previous year[21] - Cash and cash equivalents at the end of the third quarter of 2022 amounted to CNY 5,494,687, an increase from CNY 3,227,641 at the end of the same period in 2021[22] - The company achieved a net cash inflow from investing activities of CNY 3,790,376 in the first three quarters of 2022, a significant improvement from a net outflow of CNY 3,877,409 in the previous year[21] - The company's cash and cash equivalents decreased to ¥9,087,458,000 from ¥12,498,617,000 year-over-year, reflecting a decline of approximately 27.4%[15] - Total assets at the end of Q3 2022 were CNY 44,689,289, a decrease of 4.99% from the end of the previous year[7] - Total assets as of September 30, 2022, amounted to ¥44,689,289,000, down from ¥47,038,622,000 at the end of 2021, indicating a decrease of about 5.7%[17] Shareholder Information - As of September 30, 2022, the total number of ordinary shareholders was 102,846, with the largest shareholder, Sinopec Limited, holding 5,459,455,000 shares, representing 50.44% of the total[11] - The equity attributable to shareholders at the end of Q3 2022 was CNY 27,259,789, down 9.92% from the previous year-end[7] - Sinopec Limited's equity attributable to shareholders decreased to ¥27,259,789,000 from ¥30,260,172,000, a decline of approximately 10.0%[17] Operational Challenges - The company reported a significant decline in performance due to an explosion incident at its 1 ethylene glycol unit on June 18, 2022, leading to a halt in major production facilities[10] - The average price increase of petrochemical products was lower than the average increase in crude oil prices, contributing to the decline in net profit for the year-to-date period[10] - The company has resumed operations at its major facilities following the incident, indicating a potential recovery in production capacity[10] - The company successfully completed the restoration of production capabilities after an explosion incident on June 18, 2022, with the second ethylene glycol unit resuming operations by September 30, 2022[13] Other Information - The company has not reported any new product launches or technological advancements in the current quarter[12] - The company has not disclosed any significant mergers or acquisitions during the reporting period[12] - Total operating costs for the first three quarters of 2022 were CNY 59,745,874, slightly down from CNY 60,150,245 in the previous year[18] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.185, compared to CNY 0.182 in the same quarter of 2021[19] - The company's total liabilities increased to ¥17,301,164,000 from ¥16,643,191,000, representing an increase of approximately 3.9%[17] - The inventory level rose to ¥7,466,394,000, compared to ¥5,923,525,000 in the previous year, marking an increase of about 26.1%[15] - The weighted average return on equity for Q3 2022 was -5.472%, a decrease of 7.88 percentage points year-over-year[5]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 45,900,355, an increase of 23.60% compared to RMB 37,136,606 in the same period last year[9]. - The total profit (loss) for the period was a loss of RMB 442,601, a decrease of 129.30% compared to a profit of RMB 1,510,713 in the previous year[9]. - The net loss attributable to shareholders of the parent company was RMB 436,009, a decline of 135.04% from RMB 1,244,189 in the same period last year[9]. - The basic loss per share for the reporting period was RMB -0.040, compared to earnings of RMB 0.115 in the same period last year[10]. - The diluted loss per share for the reporting period was also RMB -0.040, compared to earnings of RMB 0.115 in the previous year[10]. - The weighted average return on net assets decreased by 5.61 percentage points to -1.448% from 4.164% in the previous year[10]. - The net profit (loss) after deducting non-recurring gains and losses for the current reporting period (January to June) was -402,544,000, a decrease of 134.42% compared to the same period last year[87]. - The EBITDA to total debt ratio decreased to 0.11, down 80.00% from 0.55 in the previous year[87]. - The interest coverage ratio fell to -7.84, a decline of 119.38% from 40.45 in the previous year[87]. - The cash interest coverage ratio was -127.87, down 104.95% from -62.39 in the previous year[87]. Cash Flow and Investments - The net cash flow used in operating activities was RMB -6,405,122, an increase of 168.05% compared to RMB -2,389,552 in the previous year[9]. - The company generated a net cash inflow of RMB 1,776,708 thousand from investing activities in the first half of 2022, a significant improvement from a net cash outflow of RMB 3,106,358 thousand in the previous year[33]. - The company's net cash inflow from financing activities was RMB 1,996,321 thousand in the first half of 2022, recovering from a loss of RMB (51,020) thousand in the first half of 2021[198]. - The total cash inflow from operating activities for the first half of 2022 reached RMB 50,632,846 thousand, a 31.1% increase from RMB 38,606,063 thousand in the same period of 2021[197]. - Cash outflow from operating activities totaled RMB 57,037,968 thousand, compared to RMB 40,995,615 thousand in the first half of 2021, resulting in a net cash flow from operating activities of RMB (6,405,122) thousand[197]. Production and Sales - The total production of main products was 5.4317 million tons, a decrease of 8.07% year-on-year[18]. - The company processed 5.7951 million tons of crude oil, a decrease of 6.68% year-on-year[18]. - The production of finished oil was 3.1534 million tons, a year-on-year decrease of 12.85%[18]. - The production of liquefied gas increased by 23.41% year-on-year to 326,300 tons[18]. - The production of ethylene increased by 16.67% year-on-year to 353,500 tons[18]. - The production of paraxylene increased significantly by 116.01% year-on-year to 318,400 tons[18]. - The company's product sales rate was 98.74%, with a collection rate of 100% for accounts receivable excluding related parties[18]. - In the first half of 2022, the company achieved a net sales amount of RMB 40.142 billion, an increase of 26.89% compared to the same period last year[21]. - The sales volume of synthetic fibers decreased by 79.89%, while the sales volume of resins and plastics and petroleum products decreased by 15.07% and 12.89%, respectively[21]. Costs and Expenses - The company's sales cost for the first half of 2022 was RMB 40.681 billion, an increase of 31.95% year-on-year, accounting for 101.34% of net sales[21]. - Operating costs for the first half of 2022 reached RMB 39,118,453 thousand, a 35.59% increase compared to RMB 28,849,768 thousand in the same period of 2021, primarily due to rising raw material and energy costs[33]. - The unit processing cost of crude oil was RMB 4,540.43 per ton, an increase of 59.36% compared to the same period last year[22]. - The company recorded an investment loss of RMB (50,675) thousand in the first half of 2022, compared to a gain of RMB 602,510 thousand in the same period of 2021[194]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 42,481,112, a decrease of 9.69% from RMB 47,038,622 at the end of the previous year[9]. - The total liabilities decreased from RMB 9,400,510,000 as of December 31, 2021, to RMB 7,987,334,000 as of June 30, 2022, a reduction of approximately 15.1%[149]. - The company's total current liabilities amounted to RMB 12,614,058 thousand, a decrease of 20.5% from RMB 15,795,743 thousand at the end of 2021[192]. - The company's total equity attributable to shareholders decreased to RMB 28,858,796 thousand, down 4.3% from RMB 30,242,139 thousand[113]. Environmental and Compliance - The company’s environmental performance showed a 100% compliance rate for wastewater discharge, with ammonia nitrogen and sulfur dioxide emissions decreasing by 58.93% and 8.78%, respectively[20]. - The company achieved a 100% compliance rate for wastewater discharge standards and a 100% compliance rate for hazardous waste disposal during the first half of 2022[77]. - The company has maintained its "Green Enterprise" title from Sinopec Group and continues to implement high standards for environmental management[76]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[84]. Research and Development - The company’s research and development efforts resulted in 55 patent applications, with 39 patents granted during the reporting period[20]. - Research and development expenses (excluding depreciation and amortization) increased to RMB 34,884,000 in 2022 from RMB 25,208,000 in 2021, showing a rise of about 38.4%[130]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 105,475[88]. - The largest shareholder, Sinopec Corp., held 5,459,455,000 shares, representing 50.44% of the total shares[90]. - A cash dividend of RMB 0.1 per share was approved for the 2021 fiscal year, totaling RMB 1,082,381,350[57].