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Integrated refining and petrochemical producer in Shanghai, majority owned by Sinopec, making fuels, synthetic fibers, resins and chemicals.
Integrated refining and petrochemical producer in Shanghai, majority owned by Sinopec, making fuels, synthetic fibers, resins and chemicals.
The Hong Kong-listed shares of the same company as the Shanghai line: it turns crude oil into fuels, resins and polyester fibre, with profit set by the gap between feedstock and product prices. Sinopec, the state oil group, is the controlling shareholder.
In one line: China's regional integrated refining-and-chemicals complex.
Moat: narrow (scale, regulatory licence). Large integrated refining-petrochemical complex with Sinopec backing, though exposed to commodity refining/chemical margins.
Headquarters: Shanghai, China · Founded: 1972 · Employees: 6,940
Size Sinopec Shanghai Petrochemical (0338.HK) is a Hong Kong Energy company (Oil Refining/Marketing) with a market value of $3.71B, the 305th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.22 on 6 Nov 2026.
Performance Over six months the shares fell 8.3%, against +4.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 5.5% over the last twelve months (peer median +17.0%); the operating margin is -1.6% (peer median 6.4%).
Valuation It trades at 20.8× forward earnings against a peer median of 7.0× (2nd most expensive of 19).
Capital Return on invested capital runs 10.5 points below its cost of capital (7.0% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$71.7B | HK$69.4B | HK$80.5B | HK$88.5B | HK$84.5B |
| Revenue growth | — | -14% | -9% | +5% | — |
| Gross profit | -HK$877M | -HK$1.98B | HK$174M | -HK$1.66B | -HK$3.87B |
| EBITDA | HK$1.15B | -HK$56.6M | HK$2.13B | HK$169M | -HK$2.12B |
| Net income | -HK$933M | -HK$1.75B | HK$337M | -HK$1.49B | -HK$3.31B |
| Free cash flow | -HK$4.33B | -HK$1.30B | HK$6.34B | -HK$739M | -HK$10.8B |
| Capital expenditure | HK$4.38B | HK$3.45B | HK$2.07B | HK$1.80B | HK$3.36B |
| Total debt | n/a | HK$4.49B | HK$2.79B | HK$5.63B | HK$2.57B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sinopec Shanghai Petrochemical 0338.HK | $3.71B | -8% | -6% | -2% | 20.8× | n/a |
| Petrochina 0857.HK | $345B | 0% | +14% | 8% | 8.4× | -4.6% |
| Sinopec 0386.HK | $97.3B | +7% | +7% | 0% | 11.1× | 31.5% |
| Formosa Petrochemical Corporati 6505.TW | $24.7B | +58% | +2% | 10% | 10.4× | -7.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0338.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.9% | -17.2% | 2nd highest of 21 |
| 6-month return | -8.3% | +4.9% | 8th lowest of 21 |
| Distance from 52-week high | -33.0% | -26.1% | 7th lowest of 21 |
| Revenue growth (TTM) | -5.5% | +17.0% | 2nd lowest of 21 |
| Operating margin | -1.6% | 6.4% | 2nd lowest of 21 |
| Forward P/E | 20.8× | 7.0× | 2nd most expensive of 19 |
| ROIC minus cost of capital | -10.5 pp | +10.4 pp | 3rd lowest of 21 |
| Net debt / EBITDA | -1.8× | 1.7× | least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinopec Shanghai Petrochemical 0338.HK | Hong Kong | $3.71B | -8% | -6% | -2% | 20.8× | n/a | n/a |
| Cosmo Energy 5021.T | Japan | $3.74B | -10% | 0% | 9% | 7.0× | -18.5% | +3.7% |
| CVR Energy CVI | United States | $3.83B | +14% | +34% | 11% | 5.2× | -17.9% | +12.8% |
| Delek US DK | United States | $3.92B | +39% | +11% | 6% | 3.2× | -10.1% | +8.0% |
| Calumet CLMT | United States | $3.48B | +24% | +13% | 1% | 9.1× | 39.0% | +12.8% |
| Par Pacific PARR | United States | $3.41B | +6% | +29% | 13% | 3.4× | n/a | n/a |
| Icahn Enterprises L.P IEP | United States | $3.38B | -41% | +16% | -7% | 9.5× | n/a | n/a |
| Mangalore Refinery & Petrochemicals MRPL.NS | India | $3.26B | +13% | +38% | 6% | 4.6× | -6.0% | +22.9% |
| DOF DOFG.OL | Norway | $3.24B | -12% | +22% | 26% | 7.8× | 0.9% | +28.0% |
| Viva Energy VEA.AX | Australia | $3.04B | +19% | -2% | 4% | 7.8× | -15.1% | +18.2% |
| Ampol ALD.AX | Australia | $5.95B | +6% | +15% | 6% | 10.8× | -14.0% | +15.4% |
| Chennai Petroleum CHENNPETRO.NS | India | $2.27B | +34% | +31% | 10% | 3.5× | -12.0% | +28.6% |
| Castrol India CASTROLIND.NS | India | $2.00B | +3% | +17% | 20% | 17.9× | 10.7% | +13.8% |
| PBF Energy PBF | United States | $8.16B | +65% | +32% | 8% | 2.6× | n/a | n/a |
| Hindustan Petroleum HINDPETRO.NS | India | $8.67B | -2% | +17% | 0% | n/a | 24.7% | +13.6% |
| S-Oil 010950.KS | South Korea | $9.00B | -21% | +19% | 10% | 3.5× | n/a | n/a |
| Idemitsu Kosan 5019.T | Japan | $9.54B | -9% | -3% | 6% | 7.1× | -12.8% | +12.2% |
| North Huajin Chemical Industries 000059.SZ | China | $1.10B | -20% | +3% | 1% | 14.1× | -8.0% | +4.6% |
| North Atlantic Energies NAE.PA | France | $1.09B | +30% | -23% | 3% | n/a | n/a | n/a |
| SK Innovation 096770.KS | South Korea | $13.4B | -25% | +26% | 9% | 4.5× | n/a | n/a |
| Bharat Petroleum BPCL.NS | India | $14.7B | +4% | +22% | 3% | 23.1× | 5.7% | +14.5% |