# SINOPEC SHANGHAI PETROCHEMICAL CO LTD

SINOPEC SHANGHAI PETROCHEMICAL CO LTD is an other based in Shanghai, China.

## Overview

- **Organization type:** other
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 1972
- **Assets under management:** Undisclosed
- **Website:** sinopecshanghai.com

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1972, the company is a key subsidiary of Sinopec Corp, the world's largest petrochemical conglomerate by revenue as of 2023. It was partially privatized through an IPO on the Shanghai Stock Exchange in 1993, yet Sinopec Corp holds majority ownership. The firm's operations focus on refining imported crude and producing petrochemical building blocks like ethylene, propylene, and synthetic resins (per the firm's official filings). SINOPEC SHANGHAI PETROCHEMICAL maintains integrated production facilities in Shanghai's Jinshan District, with annual refining capacity exceeding 14 million metric tons. It supplies domestic and international markets, leveraging Sinopec's distribution network to sell gasoline, diesel, and aviation fuel alongside polyethylene and polypropylene. Its product portfolio also includes acrylic acid esters and ethylene oxide, targeting industrial customers in packaging, automotive, and construction sectors (per public filings). The firm employs roughly 8,000 people as of 2023, but the entity functions as a publicly traded company under state control rather than a family office or investment vehicle. No private wealth management or client-facing investment team is disclosed. Recent activity is not available from published sources. The structural differentiator is its position as a listed subsidiary within a state-owned enterprise — this creates governance dynamics alien to family offices. Shareholders include institutional investors, but strategic decisions roll up to Sinopec Group, directed by China's State-owned Assets Supervision and Administration Commission.

## Sectors

- Energy & Utilities
- Petrochemicals

## Questions

### What is the relationship between SINOPEC SHANGHAI PETROCHEMICAL and Sinopec Corp?

Sinopec Corp holds a majority stake in SINOPEC SHANGHAI PETROCHEMICAL, controlling its board and strategic direction. The entity operates as a publicly traded subsidiary with shares on the Shanghai Stock Exchange, but its management aligns with Sinopec Group's state-owned mandate.

### Who controls SINOPEC SHANGHAI PETROCHEMICAL?

Ultimate control rests with Sinopec Group, a state-owned enterprise under China's SASAC. Sinopec Corp, the publicly traded parent, holds a controlling interest. No individual family or single private investor owns a majority.

### What products does SINOPEC SHANGHAI PETROCHEMICAL produce?

The firm produces refined petroleum products (gasoline, diesel, jet fuel) and petrochemicals (ethylene, propylene, polyethylene, polypropylene, acrylic acid esters). These feed into packaging, automotive, and construction industries (per the firm's public filings).

### What is the company's refining capacity?

Annual refining capacity exceeds 14 million metric tons, making it a mid-sized refiner within the Sinopec group. Its facilities are located in Shanghai's Jinshan district (per public disclosures).

### Is SINOPEC SHANGHAI PETROCHEMICAL listed on any stock exchange?

Yes — it trades on the Shanghai Stock Exchange under the ticker 600029. Its American Depositary Receipts (ADRs) were listed on the New York Stock Exchange historically but were delisted in 2022 amid US-China auditing disputes.

### How does the company's state ownership affect its operation?

Strategic decisions — from crude procurement to capital expenditures — are influenced by Sinopec Group's directives, which align with national energy policy. The firm's financial reporting follows Chinese accounting standards, and its board includes appointed officials from the parent entity.

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Last updated: 2026-06-03T20:00:00.000Z

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