Sinopec Shanghai Petrochemical Company Limited

0338
Failed

Company Overview

Sinopec Shanghai Petrochemical Co., Ltd. is one of the major integrated refining and chemical comprehensive petrochemical enterprises in China. It has strong overall scale strength. It is an important manufacturer of refined oil products, intermediate petrochemical products, synthetic resins and synthetic fibers in China, and has independent public works, environmental protection systems, and supporting facilities for shipping, inland waterway shipping, railway transportation, and road transportation. Our company is located in Jinshanwei in southwestern Shanghai. It is a highly comprehensive petrochemical enterprise that mainly processes petroleum into various petroleum products, intermediate petrochemical products, resins and plastics, and synthetic fibers. Most of the company's products are sold to the Chinese domestic market, and sales mainly come 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 foundation for the company's high-quality development. The company takes advantage of its highly comprehensive advantages to actively adjust the product structure, while continuously improving the quality and variety of existing products, optimizing technology, and improving the capabilities of key upstream devices. In July 1993, the Company was the first company incorporated in China to sell shares globally. Its shares were listed on the Shanghai Stock Exchange, Hong Kong Stock Exchange and New York Stock Exchange respectively. Since its listing, the company has been committed to continuously improving and improving the efficiency of management. The company's development goal is to build a “leading domestic and world-class” energy, chemical and new materials company.

Country
HK
Market Cap
$1.55B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
1.18% passed
5% Threshold
1.2%
Liabilities Compliance
33.49% failed
33% Threshold
33.5%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Sinopec Shanghai Petrochemical Company Limited
Ticker 0338
Main Business Oil & Gas Refining & Marketing
Type Common Stock
Industry Oil & Gas Refining & Marketing
Country HK
Market Cap $1.55 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Petroleum products $30,680.0 $0.0 -
Intermediate petrochemical products $5,440.0 $0.0 -
Resin and plastics $4,260.0 $0.0 -
Synthetic fiber $3,850.0 $0.0 -
Other divisions $431.7 $0.0 -
Petrochemical products trade $223.4 $0.0 -
Interest income $541.8 $541.8 -
Total $45,426.9 $541.8 1.18% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $518,207,282.9 33.49%
Total Interest-Bearing Debt $518,207,282.9 33.49%
Market Capitalization $1,547,230,769.2 100.00%
Compliance Status Threshold: 33% failed