2025-07-14 09:45Key Highlights Sinopec Shanghai Petrochemical Company Limited anticipates a significant net loss for H1 2025, a reversal from the prior year's profit, primarily due to market and cost pressures - Sinopec Shanghai Petrochemical Company Limited expects a net loss attributable to shareholders of the parent company for the first half of 2025, estimated at approximately RMB 418 million to RMB 511 million35 - This projected loss contrasts sharply with the net profit of RMB 27.912 million in the same period last year (H1 2024)34 - The primary reasons for the projected loss include volatile downward crude oil prices, weak product market demand, and a narrowing price spread between refined products and raw material costs6 I. Performance Forecast for the Current Period This section details the company's performance forecast for the first half of 2025, including the period covered, expected financial outcomes, and the unaudited nature of the data 1. Performance Forecast Period This performance forecast covers the period from January 1, 2025, to June 30, 2025 - The performance forecast period is from January 1, 2025, to June 30, 20253 2. Details of Performance Forecast The company anticipates a net loss attributable to shareholders of the parent company of approximately RMB 418 million to RMB 511 million for H1 2025 2025 H1 Performance Forecast (Consolidated Statement) | Indicator | Estimated Amount (RMB) | | :--- | :--- | | Net Loss Attributable to Shareholders of the Parent Company | 418 Million - 511 Million | | Net Loss Attributable to Shareholders of the Parent Company After Deducting Non-Recurring Gains and Losses | 397 Million - 486 Million | 3. Unaudited Performance Statement The data disclosed in this performance forecast has not been audited or reviewed by a certified public accountant and represents preliminary estimates - The projected performance has not been audited or reviewed by a certified public accountant3 II. Performance in the Same Period Last Year This section provides a comparative overview of the company's financial performance for the first half of 2024 2024 H1 Performance (Consolidated Statement) | Indicator | Amount (Thousand RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders of the Parent Company | 27,912 | | Net Profit Attributable to Shareholders of the Parent Company After Deducting Non-Recurring Gains and Losses | 61,305 | | Basic Earnings Per Share | 0.003 RMB/share | III. Primary Reasons for the Projected Loss in the Current Period The projected loss for the current period is primarily attributed to volatile crude oil prices, weak market demand, and narrowing profit margins for refined products - Crude oil prices generally continued a volatile downward trend in the first half of 20256 - Product market demand did not show significant improvement6 - The price spread between the company's main refined chemical products and raw material costs narrowed, squeezing profit margins6 IV. Risk Warning The company confirms the absence of major uncertainties that would significantly impact the accuracy of this performance forecast - The company has no significant uncertainties that would affect the accuracy of this performance forecast7 V. Other Explanatory Matters This section clarifies that the forecast data is preliminary and advises investors to exercise caution regarding investment risks - The data in this forecast is preliminary; the specific and accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report8 - The company reminds investors to be aware of investment risks8