Sinopec Shanghai Petrochemical Co., Ltd. (hereinafter referred to as SPC) is a holding subsidiary of China Petrochemical Co., Ltd., located in Jinshan District of Shanghai, is one of the major refining-chemical integrated petrochemical companies in China, which is also an important manufacturer of refined oil products, intermediate petrochemical products,synthetic resins and synthetic fibers in China.
SPC grows out of Shanghai Petrochemical Complex which was founded in 1972. In 1993, as one of the first batch experimental State-Owned Enterprises in the standardized reform of share holding system. It was becoming the first international listed company in China, with its shares were listed on Shanghai Stock Exchange, the Stock Exchange of Hong Kong and New York Stock Exchange. In 2013, the Company completed the reform of equity separation. Now the share capital and shareholding structure of SPC are as follows: a total share capital of 10.824 billion shares, including 7.329 billion domestic listed RMB ordinary shares (A shares),accounting for 67.71%; 3.495 billion oversea listed foreign shares (H shares), accounting for 32.29% of the total share. 5.460 billion shares (A shares) held by China Petrochemical Corporation (Sinopec), accounting for 50.44% of the total shares.
In the course of development, SPC had mainly experienced six phases of large-scale centralized construction. At present, the Company has possessed a primary crude oil processing capacity of 16,000,000 T/Y and an ethylene production capacity of700,000 T/Y, an organic chemicals production capacity of 4,280,000 T/Y, a plastic resins production capacity of 1,000,000 T/Y, a synthetic fiber feedstock production capacity of 1,090,000 T/Y,a synthetic fiber polymers production capacity of 590,000 T/Y and synthetic fibers production capacity of 260,000 T/Y. SPC also has its own utilities system, environmental protection system, as well as load and unload handling and transportation facilities for marine and inland waterway, railway and expressway. The Company’s main products fall into four catalogues: refined oil products such as gasoline, diesel, jet fuel, LPG etc., petrochemicals such as ethylene, propylene, butadiene, benzene, toluene, paraxylene, PTA, acrylonitrile, ethylene glycol, ethylene oxide, vinyl acetate and C5 fractions etc., synthetic resins and synthetic fiber polymers such as polyethylene, polypropylene, polyester, polyvinyl alcohol etc., synthetic fibers such as acrylic staple, acrylic top, polyester staple, polyester industry yarn etc.
Currently, in accordance with the 14th Five-Year Plan and the industrial layout, SPC is focusing on the six development strategies, namely, “Value-leading, market-oriented, innovation-driven, talent-strengthening, clean and low-carbon, and open cooperation.” The Company should set up the concept of “Challenge to advanced level and keep up with the highest standard”, speed up the structural adjustment, improving quality, increasing efficiency and upgrading, and strive to build a “Leading domestically and first class globally”energy, chemical and new material enterprise.
SPC always pays attention to building up a good image of the Company, actively fulfill its social responsibilities, and has been making unremitting efforts to rejuvenate China's petrochemical industry. SPC is consistently persisting in the standardized business practice and trying hard to achieve satisfactory operation results to repay its shareholders and providing customers with quality products and good service. As a result, SPC has been awarded many prizes by various circles. In recent years, the Company won a series of honorary titles such as ‘National Civilized Unit’, ‘National Advanced Green Unit’, ‘National Excellent Ideological and Political Work Enterprise’, ‘Company which abides by contract and values credit’, ‘National Consumer Satisfied Enterprise’, ‘Chinese Environmentally Friendly Enterprise’ and ‘National Model Unit’ etc.