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Sinopec Shanghai Petrochemical's Trading Risk: A Level 2 Assessment

Strategic Insights

— 1 min read

Sinopec Shanghai Petrochemical (stock code: 600688) has been assessed with a low trading risk level, indicated by a rating of Level 2. This rating is based on a comprehensive analysis of six key factors, including market-relevant metrics, margin trading and stock lending activities, major shareholders' shares sales, and factors affecting short-term price volatility. The company's free-float and outstanding shares ratio is 67.71%, with a total number of free-float and outstanding shares of 7,328,813,500 and 10,823,813,500, respectively. Notably, Sinopec Shanghai Petrochemical has no shares frozen by the Court, and no shares pledged or mortgaged for financing purposes.

Key Takeaways:

  • The company's free-float and outstanding shares ratio is 67.71%, indicating a relatively stable share distribution.
  • Sinopec Shanghai Petrochemical has no shares frozen by the Court, reducing the risk of downward price swings.
  • Major shareholders have not sold a substantial number of shares, which could be a signal of trust in the company's prospects.
  • The company received a "B" rating for its outstanding bonds & trust products, indicating good cash reserves to deal with bond obligations.
  • For margin trading, Sinopec Shanghai Petrochemical has a net position of -1,591,060 shares, with a monthly velocity of -2.95 and an annual average of -0.5.
  • The company's overall trading risk is assessed as Level 2, indicating a low risk of downward price swings.
  • Among the 3,651 companies assessed in this report, 26.0% are placed at this risk level.

Statistics:

  • The company's free-float and outstanding shares ratio is 67.71%.
  • Sinopec Shanghai Petrochemical has a total of 7,328,813,500 free-float shares and 10,823,813,500 outstanding shares.
  • The company has 975,000 shares collateralized, which makes up 0.01% of its outstanding shares.
  • More than 200 A-shares companies' shareholders have had their shares frozen, accumulating more than RMB 230 billion.
  • Sinopec Shanghai Petrochemical has no shares frozen by the Court as of Dec 25, 2020.

Sources:

  • Sinopec Shanghai Petrochemical (stock code: 600688)
  • China Knowledge
  • People's Court of China
  • Public records of A-shares companies' shareholders' shares freezing and pledges for financing purposes.

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