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SHANGHAI PECHEM
00338.HK
Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petroleum and chemical products in the People’s Republic of China. The company operates through three segments: Refined Products, Chemical Products and Trading of Petrochemical Products. It offers ethylene oxide, triethylene glycol, isoprene, isopentene, industrial butadiene, ethylene, industrial ethylene glycol, vinyl acetate, piperylene, amyl hydride, petroleum benzene and paraxylene, butylene, industrial diethylene glycol, poly, dicyclopentadiene, polymer grade propylene, petroleum toluene, carbon black feed oil, industrial crude aromatics, and cracking naphthalene fraction chemicals. In addition, the company offers refining products comprising of gasoline, naphtha, petroleum coke, jet fuel, sulfur, LPG asphalt, diesel, and fuel oil.
48.33 B
00338.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Commodity ChemicalsIndustry
Industry Ranking7/17
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-0.61%D
    • Profit Margin-0.19%D
    • Gross Margin19.74%D
  • Growth ScoreD
    • Revenue YoY-11.16%E
    • Net Profit YoY77.29%A
    • Total Assets YoY-8.65%E
    • Net Assets YoY-3.23%D
  • Cash ScoreE
    • Cash Flow Margin-53501.37%E
    • OCF YoY-11.16%E
  • Operating ScoreA
    • Turnover1.84A
  • Debt ScoreC
    • Gearing Ratio41.78%C

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
    View More

    Understanding the Market | Oil Stocks Lead the Gains as OPEC+ Pauses Production Increase in Q1 Next Year, Three Major Oil Companies Show Resilience Compared to Overseas Giants

    Oil stocks led the gains, with PetroChina rising 3.62%, CNOOC rising 3.69%, SPC rising 1.5%, and Sinopec Corp. rising 1.45%. OPEC+ announced a halt to production increases in the first quarter of next year, boosting oil prices. Everbright Securities pointed out that although the performance of international oil and gas giants has declined, China's three major oil companies have shown resilience during the downturn in oil prices, demonstrating certain cyclical attributes and highlighting long-term value

    Zhitong·
    SH
    600938
    -0.48%
    HK
    00883
    +0.82%
    SH
    600688
    +0.73%
    Zhitong·
    SH
    600938
    -0.48%
    HK
    00883
    +0.82%
    SH
    600688
    +0.73%

    CICC: Oil risk premium may have revaluation opportunities, refining domestic and international cold-hot differentiation may accelerate

    CICC released a research report indicating that recent new sanctions by the US and Europe on the Russian oil industry may lead to an expansion of the discount of ESPO/URALS crude oil to Brent, while Middle Eastern crude oil may regain a premium due to substitution demand. The EU will ban the import of Russian oil products, and it is expected that overseas refineries will still have a gap of 8 million tons per year, benefiting East Asian refineries. CICC believes there is an opportunity for a reassessment of the crude oil risk premium, with the current extreme risk exposure of Russian oil supply being approximately 1.5 to 2 million barrels per day

    Zhitong·
    SH
    600583
    +1.25%
    SZ
    002493
    +1.98%
    SH
    600688
    +0.73%
    Zhitong·
    SH
    600583
    +1.25%
    SZ
    002493
    +1.98%
    SH
    600688
    +0.73%

    UBS: Shanghai Petrochemical Company turned a loss into a profit in the third quarter, but it did not meet expectations, lowering the target price to HKD 1.87

    UBS released a research report stating that based on the third-quarter performance of SHANGHAI PECHEM and the outlook for its main products, it has lowered the forecast for SHANGHAI PECHEM's loss this year to RMB 385 million, and reduced the earnings per share estimates for 2026 to 2027 by 7% to 10%. The corresponding target price has been lowered from HKD 1.89 to HKD 1.87, maintaining a "Buy" rating. SHANGHAI PECHEM's revenue in the first nine months of this year decreased by 11% year-on-year, recording a net loss of RMB 432 million. Benefiting from a gradual reduction in asset impairment losses, the company recorded a net profit of RMB 31 million in the third quarter, turning from a loss to a profit quarter-on-quarter. However, due to weaker-than-expected sales of refined oil products and the continued weak fundamentals of olefins, the company's performance still did not meet the bank's expectations. The bank believes that as "anti-involution" progresses, the medium to long-term fundamentals of the refining and chemical industry may improve

    Zhitong·
    SH
    600688
    +0.73%
    HK
    00338
    +0.72%
    Zhitong·
    SH
    600688
    +0.73%
    HK
    00338
    +0.72%

    Morning Trend | Shanghai Petrochemical Co., Ltd. opened high and closed low, a critical moment for the oil and gas game?

    Shanghai Petrochemical Company (338.HK) experienced a sharp rise yesterday, but today in the morning session, it opened high and then declined, with a significant widening of market divergence. At the opening, funds quickly gathered, and large orders from the main players pushed the price up, but they soon faced heavy selling pressure, leading to intense back-and-forth trading between bulls and bears. Recently, the oil and gas sector has been experiencing continuous fluctuations, significantly influenced by international oil price volatility. Shanghai Petrochemical's high opening and rise initially attracted follow-up buying, but within 10 minutes, it was smashed back by short-selling funds, with large orders frequently flowing out during the intraday trading, intensifying the market debate over the "true or false rise." Technically, it just regained the 8-day moving average yesterday and is once again approaching the HKD 7.2 support today, with the community filled with doubts like "Isn't this a trap to lure in buyers?" However, there are also optimists who believe that the high opening and subsequent decline are part of a washout, aimed at freeing up more chips above to make the rebound more solid. Whether it can stabilize above the 8-day moving average and resume a volume-driven upward trend will be a key focus for short-term traders. If the intraday funds continue to decline, the market may further test the core support at HKD 6.9-7.0. In terms of operations, short-term players must pay extra attention to changes in volume and the behavior of main players. A true breakthrough or confirmation of a rebound will require effective volume expansion and continuous large buy orders entering the market. When there is no chip advantage or the market is hesitant, conservative players should avoid blindly chasing the rise. Overall, Shanghai Petrochemical is at a critical moment for short-term speculation, with a showdown between bulls and bears imminent. Whether this is a temporary lure for buyers or a genuine reversal will be revealed in today's intraday trading. The trading atmosphere is tense, with opportunities and traps coexisting

    Technical Forecast·
    SH
    600688
    +0.73%
    HK
    00338
    +0.72%
    Technical Forecast·
    SH
    600688
    +0.73%
    HK
    00338
    +0.72%

    Morning Trend | SHANGHAI PECHEM fluctuates at a high level, can the capital inflow drive a breakthrough?

    Shanghai Petrochemical Company maintained a high-level oscillation pattern during yesterday's trading session, with active buying in the morning. Influenced by the stability of international oil prices, capital inflow continued until the end of the trading day. At the end of the session, unusual capital movements pushed the stock price close to the pressure zone of 1.41 yuan, with the petrochemical sector overall outperforming the market, becoming a favored target for short-term risk-averse funds. Currently, global oil and gas commodities are stable with a slight upward trend, and capital in the industrial chain is mainly driven by thematic rotation. Under the resonance of "oil prices + performance," internal differentiation has intensified, but short-term catalysts and low valuations have made the characteristics of collective holding evident. On the technical side, bullish forces were evident during the session, with a gradual decrease in volume after a high-level surge, indicating that the main positions are flexible and show signs of adjustment at any time. High-level risks continue to rise, and intraday increases and differentiation actions need to be continuously monitored. Right-side trading investors are advised to track afternoon abnormal signals; if there is a volume breakout, it is expected to challenge new highs; otherwise, significant intraday adjustments may easily occur. With risk control as a prerequisite, it is advisable to strategically allocate in batches to guard against sudden changes at high levels. Overall, it is judged that Shanghai Petrochemical Company has the characteristics of short-term capital collective holding, but in the context of sector rotation, expectations need to be dynamically adjusted to prevent and control significant daily fluctuations

    LB Select·
    HK
    00338
    +0.72%
    LB Select·
    HK
    00338
    +0.72%
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