Sinopec Shanghai Petrochemical Company Limited Posted 1 Billion Yuan Net Loss in First Half of 2023

Sinopec Shanghai Petrochemical Company Limited (中国石化上海石油化工股份有限公司) (600688.SH) reported a net loss of 1 billion yuan in the first half of 2023, widening 128.8% year-on-year.

Meanwhile, the company posted 44.9 billion yuan in revenue, down 2.1% year-on-year.

At the end of the reporting period, it had 41.7 billion yuan in total assets and 16.3 billion yuan in total liabilities, with a liability-to-asset ratio of 39.1%.