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Major Chinese oil-refining and petrochemical complex, a Sinopec subsidiary making fuels, plastics and synthetic fibers.
Major Chinese oil-refining and petrochemical complex, a Sinopec subsidiary making fuels, plastics and synthetic fibers.
Buys crude oil and sells fuels, plastics and polyester fibre at prices that follow domestic markets, so profit is the spread between feedstock cost and product prices. Sinopec, the state oil group, is the controlling shareholder, and the company is also listed in Hong Kong as a separate share class.
In one line: A China-based integrated refiner, like a Sinopec/Marathon regional unit.
Moat: narrow (scale). Large integrated refining/petrochemical complex under state Sinopec ownership.
Headquarters: Shanghai, China · Employees: 6,940
Size Sinopec Shanghai Petrochemical (600688.SS) is a China Energy company (Oil Refining/Marketing) with a market value of $3.75B, the 690th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.95 on 6 Nov 2026.
Performance Over six months the shares fell 5.1%, against +4.9% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 4.4% over the last twelve months (peer median +17.0%); the operating margin is 0.4% (peer median 6.4%).
Valuation It trades at 59.0× forward earnings against a peer median of 7.0× (most expensive of 19).
Capital Return on invested capital runs 0.4 points below its cost of capital (5.0% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥76.5B | CN¥64.1B | CN¥74.4B | CN¥80.2B | CN¥72.8B |
| Revenue growth | — | -14% | -7% | +10% | — |
| Gross profit | CN¥14.7B | CN¥352M | CN¥2.19B | CN¥865M | -CN¥909M |
| EBITDA | n/a | CN¥261M | CN¥2.26B | CN¥208M | -CN¥1.73B |
| Net income | CN¥83.7M | -CN¥1.43B | CN¥316M | -CN¥1.41B | -CN¥2.87B |
| Free cash flow | -CN¥3.48B | -CN¥1.08B | CN¥5.94B | -CN¥523M | -CN¥9.16B |
| Capital expenditure | CN¥4.27B | CN¥3.17B | CN¥1.91B | CN¥1.62B | CN¥2.84B |
| Total debt | CN¥14.4B | CN¥10.1B | CN¥10.6B | CN¥5.24B | CN¥2.31B |
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 600688.SS | $3.75B | -5% | -4% | 0% | 59.0× | n/a |
| Hengli Petrochemical 600346.SS | $17.5B | -25% | -8% | 8% | 9.2× | -8.0% |
| Rongsheng Petrochemical 002493.SZ | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% |
| Hengyi Petrochemical 000703.SZ | $7.21B | -30% | +21% | 9% | 5.0× | -6.6% |
| Tongkun 601233.SS | $8.35B | -3% | +21% | 5% | 6.8× | -1.4% |
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 | 600688.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.0% | -17.2% | 3rd highest of 21 |
| 6-month return | -5.1% | +4.9% | 8th lowest of 21 |
| Distance from 52-week high | -24.2% | -26.1% | 10th highest of 21 |
| Revenue growth (TTM) | -4.4% | +17.0% | 2nd lowest of 21 |
| Operating margin | 0.4% | 6.4% | 3rd lowest of 21 |
| Forward P/E | 59.0× | 7.0× | most expensive of 19 |
| ROIC minus cost of capital | -0.4 pp | +10.4 pp | 5th 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 600688.SS | China | $3.75B | -5% | -4% | 0% | 59.0× | 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% |