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Sinopec Shanghai Petrochemical Co. Ltd 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 Signicant 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 Notications Important notications related to the company are listed here. Notications may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of notications include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules. There are no notications 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 identies 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 Signicant 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 Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 About Watchdog Research, Inc. Watchdog Research, Inc. is an independent research provider and publisher of Watchdog Reports. Watchdog Reports identify red ags, issues, and other anomalies in nancial reporting. Our reports contain warning signs, red ags, material disclosures, and peer analysis for use in valuation, risk analysis, due diligence research, and idea generation. Watchdog Reports are designed to assist investment professionals fulll their duciary or suitability obligations and to help investors, executives, board members, regulators and educators learn what they need to know about publicly traded companies. The company is headquartered in Ave Maria, FL. Watchdog Research, Inc. utilizes over 75 specialists and analysts to provide accurate and timely Watchdog Research, Inc. information to our readers. 5072 Annunciation Cir. Suite 202 Ave Maria, FL 34142 Our management team is: [email protected] (855) 820-6272 CEO: Brian Lawe. Brian has been part of the corporate staff at The New York www.watchdogresearch.com Times Company and IBM. He has created and operated several technology companies including MyStoreCredit, OnPage Ideas and HelloCampus. He holds an MBA from Harvard Business School and a BBA from Texas Christian University. He and his wife have four children and live in the Naples, FL area. CTO: Radu Cugut. Radu has led the award-winning technology team that developed the Watchdog Report and services. He, his wife and son split their time between his home in Ave Maria, FL and his home in Timisoara, Romania where he oversees ve talented development professionals. Radu has a bachelors in Computer Science and a masters in Banking and Financial Information Systems, both from the West University of Timisoara. Chief Content Ocer: Joseph Burke, Ph.D. is responsible for the content development, analysis, and quality control for the Watchdog Report. Joseph worked previously as a professor of economics at Ave Maria University. He received his Ph.D. from the University of Wisconsin-Madison and resides with his family in the Naples area. Director of Research: John Cheffers. John is responsible for writing our blogs and for our press relationships. He received his bachelors from Washington University in St. Louis, and has worked for Audit Analytics and Ave Maria University. He graduated Ave Maria University School of Law where his research was selected for publication in the Law Review. He currently lives in Pennsylvania with his wife and two children. Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272.
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