Shanghai Petrochemical (SHI) Announces Results

Sinopec Shanghai Petrochemical Company Limited (NYSE: SHI) announced the unaudited operating results of the Company and its subsidiaries for the nine-month period ended September 30, 2009.

Under the China Accounting Standards for Business Enterprises, the Group's operating income for the Period amounted to RMB34.264B, representing a decrease of 31% compared to the same period of last year, due to a significant decrease in product prices following a decrease in crude oil prices as compared to the same period of last year. Operating profit for the Period was RMB2.013B (same period of 2008: operating loss was RMB5.710B). Net profit attributable to equity shareholders of the Company for the Period was RMB1.538B (same period of 2008: net loss attributable to equity shareholders of the Company was RMB2.679B). Basic diluted earnings per share was RMB0.214 (same period of 2008: basic diluted losses per share was RMB0.372).