Shanghai Petrochemical


Today 1st Quarter: China Coal Energy, China Construction Bank, China Life Insurance, China Petroleum & Chemical, China Railway Construction, DaChan Food (Asia), Hisense Kelon, Shenzhen Expressway, Sinopec Shanghai Petrochemical, Tong Ren Tang

Friday, 25 April, 2008, 12:00am

Shanghai Petrochem profit jumps 93.5pc but outlook cloudy

Sinopec Shanghai Petrochemical posted a 93.5 per cent jump in net profit last year, although prospects for this year are clouded by surging raw material costs and a prolonged freeze in fuel prices.

8 Apr 2008 - 12:00am


Today Final: AAC Acoustic Technologies Holdings, AMVIG Holdings, COSCO Pacific, Omnicorp, Prosperity Investment Holdings, Shanghai Allied Cement, Sinopec Shanghai Petrochemical, Sinopec Yizheng Chemical Fibre, Tristate Holdings, Wasion Meters Group

Tomorrow Interim: Far East Pharmaceutical Technology

7 Apr 2008 - 12:00am

Sinopec profit rises 65.5pc as refining surges

China Petroleum & Chemical Corp (Sinopec), the nation's second-largest oil and gas producer, reported a 65.47 per cent jump in net profit to 36.19 billion yuan in the first half of this year as growth in refining and chemical operations offset lower profits from oil and gas production.

27 Aug 2007 - 12:00am

Taxman cuts earnings at Sinopec Shanghai

Sinopec Shanghai Petrochemical has slashed its first-quarter net profit by 20 per cent after the local office of the State Administration of Taxation decided to strip the company of its preferential tax treatment from the start of this year.

10 Aug 2007 - 12:00am

Emerson Process expects mainland expansion

Emerson Process Management Asia-Pacific, a unit of the world's largest marker of power equipment for oil companies, said its mainland business would grow 10 per cent to 15 per cent annually over the next few years as more local firms seek to build world-class oil and gas plants.

19 Jun 2007 - 12:00am

Beijing hands Sinopec a 5b yuan surprise

Unexpected payout for price-control losses sparks rally in company's shares

China Petroleum and Chemical Corp (Sinopec), Asia's largest crude oil refiner, saw its share price rise as much as 6.99 per cent yesterday after it announced a five billion yuan windfall from the central government to compensate for losses due to price controls.

28 Dec 2006 - 12:00am

NZ premier drops in on HK filling station

It is not every day that the neighbourhood petrol station gets to host a prime minister. But yesterday New Zealand premier Helen Clark swept into a Sinopec outlet in King's Road, Quarry Bay, complete with a security detail and a squad of police motorcycles.

But no petrol was pumped.

15 Dec 2006 - 12:00am

Sinopec unit to reduce output by 13pc

Shanghai Petrochemical aims to narrow losses amid state curbs on selling prices

Sinopec Shanghai Petrochemical, which operates China Petroleum & Chemical (Sinopec)'s second-largest oil refinery by capacity, plans to cut output by 13 per cent this year to reduce losses amid ongoing domestic control on selling prices.

1 Sep 2006 - 12:00am

Results diary

Today Interim: Bank of China, BOC Hong Kong (Holdings), China National Aviation, CNOOC, Dah Sing Banking Group, Dah Sing Financial Holdings, Hans Energy, K.P.I., Minmetals Resources, SinoCom Software Group, Sinopec Shanghai Petrochemical, Sinotrans, Tianjin Capital Environmental Protection, Vedan International (Holdings), Xiamen International Port, Zhejiang Expressway, Zhejiang Glass

29 Aug 2006 - 12:00am

Sinopec Shanghai estimates interim loss at 27m yuan

Sinopec Shanghai Petrochemical, a refining and petrochemical unit of China Petroleum and Chemical (Sinopec), expects to post a half-year loss of 27 million yuan.

10 Aug 2006 - 12:00am

Business Digest


Sinopec Shanghai Petrochemical, the petrochemical subsidiary of A share Sinopec Corp, said last year's net profit dropped 53.4 per cent to 1.85 billion yuan from 3.97 billion yuan a year earlier.

27 Mar 2006 - 12:00am

Sinopec to select younger directors

China Petroleum & Chemical Corp (Sinopec) is expected to see the retirement of five of its nine executive directors later this month, paving the way for appointments of much younger directors to its board.

6 Mar 2006 - 12:00am

Sinopec unit warns of profit dive

Giant posts earnings rise but raises fears over input and output price imbalance

Sinopec Shanghai Petrochemical has warned it expects the petrochemical industry's profitability to decline significantly in the second half as greater supply and high oil prices squeeze profit margins.

26 Aug 2005 - 12:00am

Shanghai Petrochem to expand capacity

Sinopec Shanghai Petrochemical plans to spend up to 10 billion yuan to expand its annual ethylene output capacity by as much as 550,000 tonnes a year to 1.4 million tonnes.

Vice-chairman Rong Guangdao said China's largest maker of ethylene - a building block of chemicals - is awaiting government approval.

1 Sep 2004 - 12:00am