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name
SPC
600688.SH
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.
3.096 T
600688.SHMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Commodity ChemicalsIndustry
Industry Ranking102/271
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-10.24%D
    • Net Profit YoY77.06%A
    • Total Assets YoY-7.37%D
    • Net Assets YoY-1.87%D
  • Cash ScoreE
    • Cash Flow Margin-53501.37%E
    • OCF YoY-10.24%D
  • 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
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    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%

    In the first three quarters, Shanghai Petrochemical reported a loss of 432 million yuan, turning from profit to loss

    Shanghai Petrochemical Company reported a loss of 432 million RMB in the first three quarters of 2023, with operating revenue of 58.886 billion RMB, a year-on-year decrease of 10.8%. Compared to a net profit of 34.54 million RMB in the same period last year, it turned from profit to loss, mainly due to a decline in oil product sales. The operating revenue in the third quarter was 19.362 billion RMB, down 13.8%, but the net profit attributable to shareholders reached 30.6 million RMB, an increase of 361.7%, benefiting from the rise in gross profit of petrochemical products. The loss per share was 0.041 RMB, while the earnings per share in the third quarter was 0.003 RMB

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