China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd
Summary of annual report 2021
I. important note 1 the summary of this annual report is from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report on the website of Shanghai Stock Exchange and other media designated by the CSRC. 2 China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd. (“the company” or “the company”), the board of directors, the board of supervisors and the directors, supervisors and senior managers guarantee that the contents of the 2021 annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3 all directors attended the board meeting. 4 KPMG Huazhen Certified Public Accountants (special general partnership) and KPMG certified public accountants respectively audited the financial statements of the company for the year ended December 31, 2021 (“reporting period”) prepared in accordance with the accounting standards for business enterprises of the people’s Republic of China (“China”) and international financial reporting standards, and issued a standard unqualified audit report. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period reviewed by the board of directors
In 2021, the net profit attributable to the shareholders of the parent company in accordance with the Chinese accounting standards for business enterprises was RMB 2 Zhongrun Resources Investment Corporation(000506) 000 (the net profit attributable to the shareholders of the company in accordance with the international financial reporting standards was RMB 2073431). According to the profit distribution plan of 2021 approved by the board of directors on March 23, 2022, the dividend of 2021 is distributed at the rate of 0.1/share (including tax) (the “final dividend”) on the basis of the total number of shares of the company on the date of registration of dividends and dividends. The 2021 profit distribution plan will be implemented after being approved by the 2021 annual general meeting of shareholders (“annual general meeting of shareholders”). The date and time of the annual general meeting of the company and the arrangements for the suspension of share transfer registration will be announced later. The notice of the annual general meeting of shareholders will be announced separately in accordance with the provisions of the articles of association of China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd. The notice of the annual general meeting, the attached circular and the proxy appointment form will be sent to the H-share shareholders in accordance with the Hong Kong listing rules.
If the final dividend is declared by the resolution passed by the shareholders of the company at the annual general meeting, the final dividend of H shares is expected to be paid to the shareholders listed in the register of H shares of the company at the end of business hours on or around July 28, 2022 (Thursday). The final dividend is valued and declared in RMB. The final dividend payable to the company’s A-share shareholders will be paid in RMB and the final dividend payable to the company’s H-share shareholders will be paid in Hong Kong dollars. The amount payable in Hong Kong dollars will be calculated according to the average closing exchange rate of Hong Kong dollars of the China foreign exchange trading center in the Gregorian calendar week before the date on which the final dividend is approved by the annual general meeting of shareholders.
The company is expected to suspend the registration of H-share transfer from Thursday, June 30, 2022 to Tuesday, July 5, 2022 (including the first and last two days) to confirm the right to receive final dividend. If H-share holders want to receive the final dividend, they must return the completed H-share transfer form together with the relevant shares to the Hong Kong Securities Registration Company Limited at 17121716, 17th floor, Hopewell Center, 183 Queen’s Road East, Wanchai, Hong Kong on or before 4:30 p.m. on Wednesday, June 29, 2022.
The equity registration date, distribution method and time of the company’s dividend distribution to A-share shareholders will be announced separately. II. Basic information of the company 1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Sinopec Shanghai Petrochemical Company Limited(600688) Sinopec Shanghai Petrochemical Company Limited(600688) Sinopec Shanghai Petrochemical Company Limited(600688)
H-share Hong Kong Stock Exchange Shanghai Petrochemical Co., Ltd. 00338 Sinopec Shanghai Petrochemical Company Limited(600688)
American depositary securities New York Stock Exchange Shi – Shi
(ADR)
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Liu Gang, Yu Guangxian
Office address: No. 48, Jinyi Road, Jinshan District, Shanghai, China Postal Code: 200540
Tel: 862157943143862157933728
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
Located in Jinshanwei, southwest of Shanghai, the group is a highly comprehensive petrochemical enterprise, mainly processing oil into a variety of petroleum products, intermediate petrochemical products, resins, plastics and synthetic fibers. Most of the group’s products are sold to the Chinese market, and the sales are mainly from customers in East China. East China is one of the fastest growing regions in China.
China’s growing market demand for petrochemical products is the basis for the group’s high-quality development. Taking advantage of its highly comprehensive advantages, the Group actively adjusts the product structure, continuously improves the quality and variety of existing products, optimizes technology and improves the capacity of key upstream devices. 2.1 the main accounting data and financial indicators of the past three years are prepared in accordance with the Chinese accounting standards for business enterprises
Unit: thousand yuan currency: RMB
Main accounting data: 20212020 compared with 2019 of the previous year
Increase / decrease (%)
Operating income 892804157470518319.51100346048
Total profit 2648161573816361.502654116
Net profit attributable to shareholders of the parent company 2 Zhongrun Resources Investment Corporation(000506) 628110218.502213716
Attributable to shareholders of the parent company after deducting non recurring profits and losses
Net profit 1908105493350286.762073020
Net cash flow from operating activities 406 Roshow Technoiogy Co.Ltd(002617) 51217131.845121209
Increase / decrease at the end of 2021 compared with the end of 2019 (%)
Net assets attributable to shareholders of the parent company 30260172292180333.5729885341
Total assets 47038622447491735.1245636128
2.2 main financial indicators are prepared in accordance with Chinese accounting standards for business enterprises
Main financial indicators 20212020 compared with 2019 of the previous year
Increase / decrease (%)
Basic earnings per share (RMB / share) 0.185 0.059213.56 0.205
Diluted earnings per share (RMB / share) 0.185 0.059213.56 0.205
Basic earnings per share after deducting non recurring profits and losses
(RMB / share) 0.176 0.047274.47 0.192
Weighted average return on net assets (%) 6.727 2.127, an increase of 4.60 points and 7.143 points
The weighted average net assets after deducting non recurring profits and losses increased by 4.71%
Yield (%) 6.416 1.709 points 6.726
Net cash flow from operating activities per share (person)
RMB / share) 0.375 0.162131.48 0.473
Increase / decrease at the end of 2021 and 2020 over the end of 2019 (%)
Net assets per share attributable to shareholders of the parent company (RMB)
RMB / share) 2.796 2.699 3.59 2.761
The asset liability ratio (%) was 35.382 34.401, an increase of 0.98 34.228 points
The above net assets do not include minority shareholders’ equity.
2.3 non recurring profit and loss items shall be prepared in accordance with Chinese accounting standards for business enterprises
Unit: RMB thousand
Non recurring items in 2021
Net income from disposal of non current assets 4867172296 158551
Loss on disposal of long-term equity investment — 60951
Attrition expenses – 12232 – 20060 – 45394
Government subsidies included in the current profits and losses (closely related to enterprise business, according to the state)
