SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2017
Commission File Number: 1-12158
Sinopec Shanghai Petrochemical Company Limited
(Translation of registrant’s name into English)
No. 48 Jinyi Road, Jinshan District, Shanghai, 200540
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBITS
| Exhibit Number |
||
| 99.1 | Announcement on Major Operating Data of 2017 First Half Year; and | |
| 99.2 | Announcement on Resignation of Director. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED | ||||||
| Date: July 7, 2017 | By: | /s/ Wang Zhiqing | ||||
| Name: | Wang Zhiqing | |||||
| Title: | President | |||||
(A joint stock limited company incorporated in the People’s Republic of China)
Major Operating Data of 2017 First Half Year
According to Rule 18 of the Guidelines of the Shanghai Stock Exchange for Industry Information Disclosure No.18—Chemical Industry, Sinopec Shanghai Petrochemical Company Limited announced the major operating data for the six months ended 30 June 2017:
I. Major operating data of 2017 first half year
| Product |
Production volume (10,000 tons) |
Sales volume (10,000 tons) |
Sales revenue (1,000 RMB) |
|||||||||
| Petroleum products |
| |||||||||||
| Diesel note 1 |
180.60 | 129.97 | 6,641,704 | |||||||||
| Gasoline |
151.66 | 153.29 | 10,165,317 | |||||||||
| Jet Fuel note 1 |
74.19 | 27.04 | 992,693 | |||||||||
| Intermediate petrochemicals |
| |||||||||||
| PX note 2 |
28.48 | 18.79 | 1,104,358 | |||||||||
| Benzene note 1 |
15.72 | 14.91 | 903,036 | |||||||||
| Ethylene Glycol note 2 |
17.70 | 12.26 | 743,334 | |||||||||
| Ethylene Oxide |
6.71 | 6.70 | 558,853 | |||||||||
| Ethylene note 2 |
35.54 | 0.55 | 48,084 | |||||||||
| Resins and plastics |
| |||||||||||
| PE |
21.85 | 20.53 | 1,887,178 | |||||||||
| PP |
23.84 | 21.36 | 1,718,890 | |||||||||
| Polyester chips note 1 note 2 |
19.42 | 15.04 | 969,010 | |||||||||
| Synthetic fibres |
| |||||||||||
| Acrylics |
7.44 | 7.17 | 906,635 | |||||||||
| Polyester |
2.12 | 1.86 | 149,282 | |||||||||
Note 1: Sales exclude materials processed on a sub-contract basis.
Note 2: Part of the difference between the production volume and sales volume is internal use.
Note 3: The above data for sales volume and sales revenue do not include the data for the Company’s trading of petrochemical products.
II. Change in prices of major products and raw materials in 2017 first half year
Unit: RMB yuan/ton
| Product |
The average price of 2017 first half year |
The average price of 2016 first half year |
Change | |||||||||
| Diesel |
5,110 | 4,466 | 14.42 | % | ||||||||
| Gasoline |
6,632 | 5,759 | 15.16 | % | ||||||||
| Jet Fuel |
3,671 | 2,582 | 42.18 | % | ||||||||
| Ethylene |
8,743 | 6,806 | 28.46 | % | ||||||||
| PX |
5,879 | 5,080 | 15.73 | % | ||||||||
| Benzene |
6,056 | 3,982 | 52.08 | % | ||||||||
| Ethylene Glycol |
6,062 | 4,434 | 36.72 | % | ||||||||
| Ethylene Oxide |
8,344 | 6,923 | 20.53 | % | ||||||||
| PE |
9,193 | 8,121 | 13.20 | % | ||||||||
| PP |
8,049 | 6,873 | 17.11 | % | ||||||||
| Polyester chips |
6,443 | 5,281 | 22.00 | % | ||||||||
| Acrylics |
12,650 | 10,757 | 17.60 | % | ||||||||
| Polyester |
8,007 | 6,074 | 31.82 | % | ||||||||
| Raw material |
The average processing cost of 2017 first half year |
The average processing cost of 2016 first half year |
Change | |||||||||
| Crude oil |
2,566.76 | 1,745.24 | 47.07 | % | ||||||||
III. Other Matters
The above-mentioned operating data was calculated based on the internal statistics of the Company and are intended to provide an overview of the production and operation of the Group to the investors on a timely basis. The operating data is unaudited and does not make any express or implied forecasts or guarantees in respect of the Company’s future operating conditions. Investors are advised to exercise caution when using such information.
| By Order of the Board Sinopec Shanghai Petrochemical Company Limited Guo Xiaojun Joint Company Secretary |
Shanghai, the PRC, 7 July 2017
(A joint stock limited company incorporated in the People’s Republic of China)
ANNOUNCEMENT ON RESIGNATION OF DIRECTOR
On 7 July 2017, Mr. Pan Fei (“Mr. Pan”) requested to resign from his position as an Independent Non-executive Director, Chairman of the Audit Committee and member of the Strategy Committee of Sinopec Shanghai Petrochemical Company Limited (the “Company”) due to his personal work arrangements. The resignation of Mr. Pan will lead the board of directors of the Company (the “Board”) to have less than the minimum proportion of independent non-executive directors required by the articles of association of the Company (the “Articles of Association”) and so Mr. Pan’s resignation will only become effective after a new independent non-executive director has been appointed at a general meeting of the Company to fill the vacancy in accordance with the Articles of Association.
The resignation of Mr. Pan will not affect the normal business operations of the Company. Mr. Pan has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.
| By Order of the Board Sinopec Shanghai Petrochemical Company Limited Guo Xiaojun Joint Company Secretary |
Shanghai, the PRC, 7 July 2017