Zheng Quan Ri Bao·2026-01-16 11:45Core Viewpoint - Shanghai Petrochemical is a leading integrated refining and chemical enterprise in China, capable of processing a variety of heavy oil products and dynamically adjusting its production strategy based on market conditions [2] Group 1: Company Overview - Shanghai Petrochemical has a complete crude oil processing industry chain, allowing it to produce various products from heavy oil, such as low-sulfur heavy fuel oil and C10 heavy aromatics [2] - The company employs a flexible crude oil processing strategy that adjusts the processing volume and product structure of heavy oil according to market demand, crude oil prices, and operational conditions [2] Group 2: Business Operations - The proportion of heavy oil-related products is a significant component of the refining business and will be dynamically adjusted in response to market changes [2] - Specific business proportion data is disclosed in the company's periodic reports, which provide detailed breakdowns of refined product categories [2]