The latest update is out from Sinopec Shanghai Petrochemical Co ( (HK:0338) ).
Sinopec Shanghai Petrochemical Company Limited announced its 2024 annual results, reporting a net profit attributable to equity shareholders of RMB316,500 thousand under Chinese Accounting Standards. The company plans to distribute a final dividend of RMB0.02 per share, subject to approval at the upcoming annual general meeting. This announcement reflects the company’s stable financial performance and commitment to shareholder returns, potentially impacting its market positioning positively.
More about Sinopec Shanghai Petrochemical Co
Sinopec Shanghai Petrochemical Company Limited operates in the petrochemical industry, focusing on the production and sale of petroleum products, petrochemicals, and synthetic fibers. The company is a significant player in the Chinese market, contributing to the broader energy and chemical sectors.
YTD Price Performance: 14.29%
Average Trading Volume: 41,910
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.04B
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