According to the Zhitong Finance App, Shanghai Petrochemical (600688.SH) revealed its 2022 annual report. The group achieved annual revenue of 82,518 billion yuan (RMB, same below), a year-on-year decrease of 7.57%. Net loss attributable to shareholders of the parent company was 2,872 million yuan, and net loss attributable to shareholders of the parent company after deducting non-recurring profit and loss was 2,791 million yuan, a year-on-year shift from profit to loss.

During the reporting period, the group's sales of synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products decreased by 78.02%, 29.13%, 22.37% and 28.35%, respectively, compared with the previous year, leading to a decline in the Group's operating income in 2022 compared to the previous year. Furthermore, the price increase of petrochemical products this year was less than that of crude oil, leading to operating losses.