Sinopec Shanghai Petrochemical Co. Ltd. Watchdog Report ™ SHI (NYSE) | CIK:908732 | China | SEC llings The new model for duciary analysis Oct 1, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 20-F led on Apr 28, 2021 for period ending Dec 2020 Business address: Shanghai, China Reporting Irregularities RECENT HISTORICAL Industry: Plastics Material and Resin Manufacturing (NAICS 325211) Financial Restatements SEC ler status: Large Accelerated Filer as of Dec 2020 Revisions Market Cap: $2.62b as of Sep 30, 2021 Annual revenue: $9.41b as of Dec 31, 2020 Out of Period Adjustments
Late Filings Corporate Governance Impairments CEO: NOT AVAILABLE CFO: Du Jun since 2020 Changes in Accounting Estimates 1st level Disclosure Controls
Board Chairman: Wu Haijun since 2017 Internal Controls Audit Committee Chair: NOT AVAILABLE 2nd level Critical / Key Audit Matters
Auditor: KPMG LLP since 2021 Anomalies in the Numbers RECENT HISTORICAL Outside Counsel (most recent): Haiwen & Partners Benford's Law 3rd level Beneish M-Score SEC Reviewer: John Cash 4th level Accounting Disclosure Complexity Securities & Exchange Commission Concerns RECENT HISTORICAL SEC Oversight
SEC Letters to Management
Revenue Recognition
Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signi cant Litigation
Securities Class Actions
Shareholder Activism
Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public Insider Sales company corporate board members. Pledged Securities
How to analyze this company's Watchdog Mergers & Acquisitions Report? Skip to the last page Sales of Assets
Information in this report is effective Oct 1, 2021 and is taken from the Auditor Assessment RECENT HISTORICAL company's public nancial and regulatory lings. Latest ling 20-F led Auditor Changes 04/28/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Experience facts are captured and processed using our proprietary methods which identify key risk factors our readers need to know. Each Watchdog Report Auditor Tenure represents 30 or more hours of analysis and processing. Audit Fees
Accounting and nancial disclosure data from Audit Analytics. Non-Audit Fees Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Data from Barchart via Quandl. Data from Exchange Data International via Quandl.
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group
Overview
Price and Volume History
This graph shows the price and trading history for Sinopec Shanghai. Warning signs and red ags are marked on the graph according to their disclosure dates.
1 Apr 28, 2021 - Critical / Key Audit Matters 3 Apr 28, 2020 - Critical / Key Audit Matters
2 Mar 26, 2021 - Auditor change 4 Oct 20, 2017 - SEC letters to management
Noti cations
Important noti cations related to the company are listed here. Noti cations may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of noti cations include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules.
There are no noti cations for Sinopec Shanghai at least since 2016.
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Group
Peer groups are used by companies to benchmark executive compensation and performance. Each company identi es its own peer group. Peer groups vary from company to company.
Peer Group Companies Who Named Sinopec Shanghai as a Peer
Sinopec Shanghai is not named as a peer by any company. Company Ticker Market Cap
Avient Corp * AVNT $4.23b
Sinopec Shanghai Petrochemical Co. SHI $2.62b Ltd.
Kraton Corp. * KRA $1.47b
Advansix Inc. * ASIX $1.12b
Zogenix, Inc. * ZGNX $849m
Rayonier Advanced Materials Inc. * RYAM $478m
Landec Corp. * LNDC $272m
Core Molding Technologies Inc. * CMT $97.7m
Deswell Industries Inc. * DSWL $56.6m
Yield10 Bioscience, Inc. * YTEN $29.2m
* Suggested by Watchdog.
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison
The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Sinopec Shanghai's accounting quality compare to its peer group?
SHI PEER GROUPFLAGS SHI PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures
Financial Restatements 9 Signi cant Litigation 4 1 4
Revisions 7 2 Securities Class Actions 6 3
Out of Period Adjustments 9 Shareholder Activism 6 2 1
Impairments 2 7 Cybersecurity 9
Changes in Accounting Estimates 7 2 Management Review
Disclosure Controls 2 5 2 Insider Sales 3 3 3
Internal Controls 7 2 Pledged Securities 9
Critical / Key Audit Matters 6 1 Mergers & Acquisitions 6 3
Sales of Assets 9 Anomalies in the Numbers
Benford's Law 5 4 Auditor Assessment
Beneish M-Score 3 4 Auditor Changes 7 1 1
Accounting Disclosure Complexity 6 3 Auditor Experience 8 1
Auditor Tenure 8 1 Securities & Exchange Commission Concerns
SEC Oversight 8 1 Audit Fees 2 7
SEC Letters to Management 1 8 Non-Audit Fees 7 2
Revenue Recognition 7 2
Non-GAAP Measures 9
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