China News Agency, Beijing, June 20 (Reporter Chen Kangliang) The A-share stock price of Sinopec Shanghai Petrochemical Co., Ltd. (hereinafter referred to as "Shanghai Petrochemical") suffered a setback on the 20th, down 2.39% as of the close, and fell about 6% during the session. .
On June 18, a fire broke out in the ethylene glycol plant area of the Shanghai Petrochemical Chemical Department.
The accident resulted in 1 death and 1 minor injury.
Shanghai Petrochemical announced that at present, the company is evaluating the overall impact of the accident on the company's production and operation.
The company will fully cooperate with the competent government departments to investigate the accident, conscientiously find out the cause of the accident, and learn lessons from the accident.
In this regard, Zhang Wangqiang, an analyst at Essence Securities, believes that overall, the fire did not cause serious damage to Shanghai Petrochemical-related production facilities.
According to public information, Shanghai Petrochemical is a holding subsidiary of China Petrochemical Corporation. It is one of China's major integrated refining and chemical companies and an important domestic production base for refined oil, intermediate petrochemicals, synthetic resins and synthetic fibers.
In terms of finance, Shanghai Petrochemical achieved a net profit of 214 million yuan (RMB, the same below) in the first quarter, a year-on-year decrease of 81.8%.
In 2021, Shanghai Petrochemical's net profit will be 2 billion yuan, a year-on-year increase of 218.5%.
The A-share oil industry sector also performed poorly that day. As of the close, the sector fell 2.75%, the largest decliner.
CCB Futures released a research report saying that after the accident at Shanghai Petrochemical, which has a good safety record, it is expected that all sectors of the Chinese society will pay more attention to the safe production of the chemical industry.
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