Exhibit 99.4

(A joint stock limited company incorporated in the People’s Republic of China)

(Stock Code: 00338)

2020 Third Quarterly Report

This announcement is published simultaneously in Shanghai and Hong Kong. This announcement is published pursuant to the Rules Governing Listing of Stocks on Shanghai Stock Exchange in the People’s Republic of China and pursuant to the disclosure obligations under Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

1. Important Message

1.1 The Board of Directors (the “Board”) and the Supervisory Committee of Sinopec Shanghai Petrochemical Company Limited (the “Company” or “SPC”) as well as its directors, supervisors and senior management warrant the truthfulness, accuracy and completeness of the information contained in the 2020 third quarterly report for the nine months ended 30 September 2020 (the “Reporting Period”), and warrant that there are no false representations or misleading statements contained in or material omissions from this report and severally and jointly accept responsibility pursuant to such information.

1.2 All directors attended the third meeting of the tenth session of the Board, and have considered and adopted the 2020 third quarterly report at the meeting.

1.3 Mr. Wu Haijun, Chairman of the Company, Mr. Du Jun, overseeing the accounting operations, and Ms. Yang Yating, person-in-charge of Accounting Department (Accounting Chief) and Director of Finance Department warrant the truthfulness, accuracy and completeness of the financial report contained in this third quarterly report.

1.4 The financial report of the Company’s 2020 third quarterly report was prepared under the China Accounting Standards for Business Enterprises and was unaudited.

1

2. Basic Information

2.1 Major Accounting Data

Unit: RMB’000

	As at the end of the Reporting Period		As at the end of the previous year		Increase/decrease at the end of the Reporting Period as compared to the end of the previous year (%)
Total assets		44,941,275		45,636,128		-1.52
Total equity attributable to equity shareholders of the Company		27,972,038		29,885,341		-6.40

	From the beginning of the year to the end of the Reporting Period (January to September)		From the beginning of the year to the end of the Reporting Period of last year (January to September)		Increase/decrease as compared to the corresponding period of the previous year (%)
Net cash flows generated from operating activities		-2,114,789		-414,628		410.04

	From the beginning of the year to the end of the Reporting Period (January to September)		From the beginning of the year to the end of the Reporting Period of last year (January to September)		Increase/decrease as compared to the corresponding period of the previous year (%)
Revenue		54,953,968		75,369,599		-27.09
Net profit attributable to equity shareholders of the Company		-642,219		1,672,132		-138.41
Net profit attributable to equity shareholders of the Company excluding non-recurring items		-823,377		1,522,252		-154.09
Return on net assets (weighted average) (%)		-2.323		5.112		Decreased by 7.435 percentage points
Basic earnings per share (RMB/share)		-0.059		0.144		-140.97
Diluted earnings per share (RMB/share)		-0.059		0.144		-140.97

2

Excluded non-recurring items and amount:

Unit: RMB’000

Item	Amount for the Period (July to September)		Amount from the beginning of the year to the end of the Reporting Period (January to September)
Losses on disposal of non-current assets		87,287		89,473
Government grants recognized through profit and loss except for government grants under the State’s unified standards on quota and amount entitlements and closely related to corporate business		7,833		29,328
Other non-operating income and expenses other than those mentioned above		-23,543		-33,981
Staff reduction fees		-3,876		-15,430
Investment income from structured deposits		28,772		101,942
Losses on discount of receivables		-2,777		-15,962
Foreign exchange options and forward foreign exchange contracts (losses)/ earnings		-975		56
Derivative financial assets and income from changes in fair value of liabilities		-5,652		3,629
Effect on minority interests (after tax)		-395		-424
Tax effect for the items above		22,396		22,527
Total		109,070		181,158

3

2.2 Total Number of Shareholders as at the End of the Reporting Period, Top Ten Shareholders and Shareholdings of the Top Ten Shareholders of Shares in Circulation (or Unrestricted Shares)

Unit: Share

Total number of shareholders										92,829
Shareholdings of the top ten shareholders
Name of shareholder (in full)	Number of shares held at the end of the Reporting Period		Percentage of total shareholding (%)		Number of shares with selling restrictions		Number of shares pledged or frozen				Type of shareholder
							Situation of the shares		Number
China Petroleum & Chemical Corporation		5,460,000,000		50.44		0		None		0		State-owned legal person
HKSCC (Nominees) Limited		3,454,002,030		31.91		0		Unknown		0		Overseas legal person
China Securities Finance Corporation Limited		324,111,018		2.99		0		None		0		Others
Central Huijin Investment Ltd.		67,655,800		0.63		0		None		0		Others
HKSCC Limited		57,917,182		0.54		0		None		0		Others
GF Fund – Agricultural Bank of China – GF CSI Financial Asset Management Plan		45,222,300		0.42		0		None		0		Others
Dacheng Fund – Agricultural Bank of China – Dacheng CSI Financial Asset Management Plan		43,531,469		0.40		0		None		0		Others
China Asset Fund –Agricultural Bank of China – China Asset CSI Financial Asset Management Plan		43,083,750		0.40		0		None		0		Others
Bosera Fund – Agricultural Bank of China – Bosera CSI Financial Asset Management Plan		43,083,700		0.40		0		None		0		Others
E Fund – Agricultural Bank of China – E Fund CSI Financial Asset		43,083,700		0.40		0		None		0		Others
Management Plan
Harvest Fund—Agricultural Bank of China— Harvest CSI Financial Asset Management Plan		43,083,700		0.40		0		None		0		Others
ZO Asset Management—Agricultural Bank of China- ZO CSI Financial Asset Management Plan		43,083,700		0.40		0		None		0		Others
Yinhua Fund – Agricultural Bank of China – Yinhua CSI Financial Asset Management Plan		43,083,700		0.40		0		None		0		Others
China Southern Asset Management – Agricultural Bank of China – China Southern CSI Financial Asset Management Plan		43,083,700		0.40		0		None		0		Others
ICBC Credit Suisse Fund – Agricultural Bank of China – ICBC Credit Suisse CSI Financial Asset Management Plan		43,083,700		0.40		0		None		0		Others

4

Shareholdings of the Top Ten Shareholders with Unlimited Conditions of Sale
Name of shareholder	Number of Liquidity Shares Holding Unlimited Conditions of Sale		Type and quantity of shares
			Type		Quantity
China Petroleum & Chemical Corporation		5,460,000,000		RMB common stocks		5,460,000,000
HKSCC (Nominees) Limited		3,454,002,030		Overseas listed foreign share		3,454,002,030
China Securities Finance Corporation Limited		324,111,018		RMB common stocks		324,111,018
Central Huijin Investment Ltd.		67,655,800		RMB common stocks		67,655,800
HKSCC Limited		57,917,182		RMB common stocks		57,917,182
GF Fund – Agricultural Bank of China – GF CSI Financial Asset Management Plan		45,222,300		RMB common stocks		45,222,300
Dacheng Fund – Agricultural Bank of China – Dacheng CSI Financial Asset Management Plan		43,531,469		RMB common stocks		43,531,469
China Asset Fund –Agricultural Bank of China – China Asset CSI Financial Asset Management Plan		43,083,750		RMB common stocks		43,083,750
Bosera Fund – Agricultural Bank of China – Bosera CSI Financial Asset Management Plan		43,083,700		RMB common stocks		43,083,700
E Fund – Agricultural Bank of China – E Fund CSI Financial Asset Management Plan		43,083,700		RMB common stocks		43,083,700
Harvest Fund—Agricultural Bank of China— Harvest CSI Financial Asset Management Plan		43,083,700		RMB common stocks		43,083,700
ZO Asset Management—Agricultural Bank of China- ZO CSI Financial Asset Management Plan		43,083,700		RMB common stocks		43,083,700
Yinhua Fund – Agricultural Bank of China – Yinhua CSI Financial Asset Management Plan		43,083,700		RMB common stocks		43,083,700
China Southern Asset Management – Agricultural Bank of China – China Southern CSI Financial Asset Management Plan		43,083,700		RMB common stocks		43,083,700
ICBC Credit Suisse Fund – Agricultural Bank of China – ICBC Credit Suisse CSI Financial Asset Management Plan		43,083,700		RMB common stocks		43,083,700
Explanation of the connected relationship or acting in concert relationship of the above shareholders		Among the above-mentioned shareholders, China Petroleum & Chemical Corporation, a state-owned legal person, does not have any connected relationship with the other shareholders, and does not constitute an act-in-concert party under the Administration Measures on Acquisition of Listed Companies. Among the above-mentioned shareholders, HKSCC (Nominees) Limited is a nominee and HKSCC Limited is the nominal holder of the Company’s Shanghai- Hong Kong Stock Connect. Apart from the above, the Company is not aware of any other connected relationships among the other shareholders, or whether any other shareholder constitutes an act-in-concert party under the Administrative Measures on Acquisition of Listed Companies.

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3. Major Events

3.1 Description of Substantial Changes in Major Financial Report Items and Financial Indicators of the Company

Unit: RMB’000

	As at 30 September 2020		As at 31 December 2019		Increase/ decrease amount		Change (%)			Major reason for change
Monetary Funds		4,473,987		8,958,538		-4,484,551		-50.06	%	Affected by the fluctuation of international oil price, the sales profit of the reporting period decreased year-on- year. The balance of operating items payable such as taxes payable has declined, and the net cash outflow from operating activities increased, resulting in the decline in the balance of monetary funds.
Inventories		5,045,633		6,754,434		-1,708,801		-25.30	%	Affected by COVID-19 and the decline in international crude oil prices, the unit cost of Company’s inventory fell.
Construction in progress		1,193,922		1,815,549		-621,627		-34.24	%	A total of RMB650 million was transferred to the oil cleaning project for acceptance.
Accounts payable		5,979,599		7,664,296		-1,684,697		-21.98	%	Affected by the industry downturn cycle and the epidemic situation, the unit price of raw materials procurement of the Company decreased, and the accounts payable decreased.

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Unit: RMB’000

Item	For the nine-month period ended 30 September				Increase/ decrease amount		Change (%)			Major reason for change
	2020		2019
Revenue		54,953,968		75,369,599		-20,415,631		-27.09	%	Due to the impact of COVID-19, demand in the downstream market has been reduced, while the sharp drop in international crude oil prices has led to a sharp drop in product prices year-on-year.
Cost of Sales		44,538,544		62,821,404		-18,282,860		-29.10	%	Due to the decrease of unit price of crude oil and other major raw materials in the reporting period, the operating cost decreased year-on-year.
R&D Expenses		56,596		29,301		29,295		99.98	%	Research and development projects related to carbon fiber investment increased.
Impairment of assets		120,928		-24,786		145,714		-587.89	%	In March 2020, the crude oil prices fell sharply, and the Company made provision for inventory depreciation.
Income tax expenses		-352,418		285,697		-638,115		-223.35	%	Affected by COVID-19 and the industry downward cycle, the Company made operating loss in the Reporting Period
Operating profit		-945,416		2,024,585		-2,970,001		-146.70	%	Affected by COVID-19 and downside cycle of the industry, the sales price of the products in this period dropped significantly, resulting in operating losses.
Total profit		-984,967		1,998,199		-2,983,166		-149.29	%
Net profit		-632,549		1,712,502		-2,345,051		-136.94	%

7

Item	For the nine-month period ended 30 September				Increase/ decrease amount		Change (%)			Major reason for change
	2020		2019
Net cash flows used from operating activities		-2,114,789		-414,628		-1,700,161		410.04	%	Affected by the fluctuation of international oil price, the sales profit of the reporting period decreased year-on- year. The balance of operating items payable such as taxes payable has declined, and the net cash outflow from operating activities increased, resulting in the increase of net cash outflow from operating activities.
Net cash flows used from investing activities		-4,985,913		-2,826,492		-2,159,421		76.40	%	Due to the investment in the merger and acquisition of Zhejiang Jinlian petrochemical storage and Transportation Co., Ltd. and the increase of structural deposits in the reporting period, the cash outflow from investing activities increased.
Net cash flows generated/(used) from financing activities		3,123,031		-2,265,390		5,388,421		-237.86	%	In the reporting period, short- term financing bonds were issued, resulting in the increase in cash inflows from financing activities.

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3.2 A warning and an explanation for the forecast that the accumulated net profit from the beginning of the year to the end of the next reporting period may be a loss, or the major changes compared with the same period of last year

Due to the spread of COVID-19 and abnormal price fluctuations in the international crude oil market and other factors, the prices of the Company’s major products have dropped significantly in the first three quarters of 2020 compared with the same period of last year, and the gross profit of the products has dropped significantly, which has a negative impact on the Company’s sales revenue and profit. It is expected that in the fourth quarter of 2020, the Company will still face the severe and complex domestic and international economic situation and industrial situation, and the Company’s accumulated net profit in 2020 will drop significantly compared with the same period of last year.

The above information is only a preliminary estimate, the accurate financial data shall be subject to the Company’s officially disclosed annual report for 2020.

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4. Appendix

4.1 CONSOLIDATED BALANCE SHEETS

AS AT 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	As at 30 September 2020		As at 31 December 2019
Current assets
Cash at bank and on hand		4,473,987		8,958,538
Transactional financial assets		1,421,500		3,318,407
Derivative financial assets		20,828		263
Accounts payable		1,954,850		1,639,916
Accounts receivable financing		1,487,260		1,540,921
Advances to suppliers		75,417		56,602
Other receivables		27,626		28,111
Including: Interests receivable		728		10,927
Inventories		5,045,633		6,754,434
Other assets classified as held for sale		3,046,324		11,971
Total current assets		17,553,425		22,309,163
Non-current assets
Long-term equity investments		5,682,168		5,328,758
Investment in other equity instruments		5,000		5,000
Investment properties		371,419		367,468
Fixed assets		11,729,840		11,322,850
Construction in progress		1,193,922		1,815,549
Right-of-use assets		16,995		23,648
Intangible assets		418,159		337,846
Long-term prepaid expenses		417,432		463,780
Deferred tax assets		533,458		150,832
Other non-current assets		7,019,457		3,511,234
Total non-current assets		27,387,850		23,326,965
Total assets		44,941,275		45,636,128

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CONSOLIDATED BALANCE SHEETS (CONTINUED)

AS AT 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	As at 30 September 2020		As at 31 December 2019
Current liabilities
Short-term borrowings		3,040,000		1,547,600
Derivative financial liabilities		30,509		799
Notes payable		555,534		733,900
Accounts payable		5,979,599		7,664,296
Contract Liabilities		631,352		660,783
Employee benefits payable		624,920		189,547
Taxes payable		1,250,938		3,803,287
Other payables		1,539,767		867,967
Including: Interests payable		2,208		1,686
Dividends payable		29,522		29,144
Non-current liabilities due within one year		11,067		11,450
Other current liabilities		3,004,123		—
Total current liabilities		16,667,809		15,479,629
Non-current liabilities
Lease liabilities		6,890		10,593
Deferred revenue		122,505		130,005
Deferred tax liabilities		36,704		—
Total non-current liabilities		166,099		140,598
Total liabilities		16,833,908		15,620,227
Owners’ equity (or shareholders’ equity)
Paid-in capital (or share capital)		10,823,814		10,823,814
Capital surplus		610,327		610,327
Other comprehensive income		9,830		17,838
Specific reserve		92,919		57,137
Surplus reserve		6,437,010		6,437,010
Undistributed profits		9,998,138		11,939,215
Total equity attributable to equity owners (or shareholders) of the Company		27,972,038		29,885,341
Minority interests		135,329		130,560
Total Owners’ equity (or shareholders’ equity)		28,107,367		30,015,901
Total liabilities and Owners’ equity (or shareholders’ equity)		44,941,275		45,636,128

11

PARENT COMPANY BALANCE SHEETS

AS AT 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	As at 30 September 2020		As at 31 December 2019
Current assets
Cash at bank and on hand		3,113,935		7,263,279
Transactional financial assets		1,421,500		3,318,407
Derivative financial assets		20,828		—
Accounts payable		1,568,405		1,310,449
Accounts receivable financing		686,242		669,889
Advances to suppliers		34,710		47,547
Other receivables		16,652		14,637
Including: Interests receivable		290		10,617
Inventories		4,830,435		6,368,389
Other assets classified as held for sale		3,029,919		—
Total current assets		14,722,626		18,992,597
Non-current assets
Long-term equity investments		7,007,410		6,489,898
Investment properties		400,762		397,573
Fixed assets		11,277,355		11,123,442
Construction in progress		1,189,911		1,814,985
Right-of-use assets		13,507		20,520
Intangible assets		289,466		298,914
Long-term prepaid expenses		409,192		455,391
Deferred tax assets		521,777		138,648
Other non-current assets		7,019,457		3,511,234
Total non-current assets		28,128,837		24,250,605
Total assets		42,851,463		43,243,202

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PARENT COMPANY BALANCE SHEETS (CONTINUED)

AS AT 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	As at the end of the period		As at the beginning of the year
Current liabilities
Short-term borrowings		3,000,000		1,500,000
Derivative financial liabilities		30,509		—
Notes payable		514,196		715,000
Accounts payable		4,917,348		5,951,568
Contract Liabilities		542,947		601,912
Employee benefits payable		615,007		183,912
Taxes payable		1,222,891		3,776,221
Other payables		1,503,050		854,759
Including: Interests payable		2,167		1,531
Dividends payable		29,522		29,144
Non-current liabilities due within one year		8,904		10,059
Other current liabilities		3,004,123		—
Total current liabilities		15,358,975		13,593,431
Non-current liabilities
Lease liabilities		5,582		8,860
Deferred revenue		122,505		130,005
Total non-current liabilities		128,087		138,865
Total liabilities		15,487,062		13,732,296
Owners’ equity (or shareholders’ equity)
Paid-in capital (or share capital)		10,823,814		10,823,814
Capital surplus		600,768		600,768
Other comprehensive income		9,830		17,838
Specific reserve		92,919		57,135
Surplus reserve		6,437,010		6,437,010
Undistributed profits		9,400,060		11,574,341
Total Owners’ equity (or shareholders’ equity)		27,364,401		29,510,906
Total liabilities and Owners’ equity (or shareholders’ equity)		42,851,463		43,243,202

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4.2 CONSOLIDATED INCOME STATEMENTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	Third quarter of 2020 (July to September)		Third quarter of 2019 (July to September)		First three quarters of 2020 (January to September)		First three quarters of 2019 (January to September)
Total revenue		19,290,616		23,377,016		54,953,968		75,369,599
Including: Revenue		19,290,616		23,377,016		54,953,968		75,369,599
Total operating cost		18,151,906		23,065,995		56,406,200		74,160,447
Including: Cost of sales		13,628,744		19,156,674		44,538,544		62,821,404
Taxes and surcharges		3,778,954		3,188,715		9,480,751		9,018,863
Selling and distribution expenses		118,898		128,952		348,864		389,367
General and administrative expenses		700,395		673,567		2,211,438		2,189,749
R&D expenses		11,068		7,922		58,596		29,301
Financial expenses		-86,153		-89,835		-231,993		-288,237
Add: Other income		4,333		460		20,828		3,011
Investment income (“-” to indicate loss)		166,016		189,251		500,744		709,218
Including: Share of income of associates and joint ventures		140,996		225,633		414,708		717,863
Change in fair value gains (“-” to indicate loss)		-5,652		5,191		3,629		-7,250
Asset impairment losses (“-” to indicate loss)		—		—		—		-2
Asset impairment losses (“-” to indicate loss)		—		—		-120,928		-24,786
Asset disposal income (“-” to indicate loss)		87,287		153,966		102,543		135,242

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CONSOLIDATED INCOME STATEMENTS (CONTINUED)

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	Third quarter of 2020 (July to September)		Third quarter of 2019 (July to September)		First three quarters of 2020 (January to September)		First three quarters of 2019 (January to September)
Operating profit (“-” to indicate loss)		1,390,694		659,889		-945,416		2,024,585
Add: Non-operating income		6,369		2,112		13,075		12,998
Less: Non-operating expenses		27,412		23,045		52,626		39,384
Total profit (“-” to indicate loss)		1,369,651		638,956		-984,967		1,998,199
Less: Income tax expenses		293,882		70,171		-352,418		285,697
Net Profit (“-” to indicate loss)		1,075,769		568,785		-632,549		1,712,502
Classification by business continuity
1. Profit from continuing operations (“-” to indicate loss)		1,075,769		568,785		-632,549		1,712,502
Classification by ownership
1. Attributable to equity shareholders of the Company (“-” to indicate loss)		1,073,853		534,891		-642,219		1,672,132
2. Minority interests (“-” to indicate loss)		1,916		33,894		9,670		40,370
Other comprehensive income, net of tax		1,248		—		-8,008		-3,667
Total comprehensive income		1,077,017		568,785		-640,557		1,708,835
Attributable to equity shareholders of the Company		1,075,101		534,891		-650,227		1,668,465
Minority interests		1,916		33,894		9,670		40,370
Earnings per share
Basic earnings per share (RMB)		0.099		0.039		-0.059		0.144
Diluted earnings per share (RMB)		0.099		0.039		-0.059		0.144

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PARENT COMPANY INCOME STATEMENTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	Third quarter of 2020 (July to September)		Third quarter of 2019 (July to September)		First three quarters of 2020 (January to September)		First three quarters of 2019 (January to September)
Revenue		16,533,774		19,739,126		46,213,006		58,201,333
Less: Cost of sales		10,949,967		15,580,341		36,048,185		45,896,166
Taxes and surcharges		3,775,600		3,184,365		9,470,469		9,002,880
Selling and distribution expenses		95,676		106,167		287,219		321,851
General and administrative expenses		678,240		648,420		2,151,132		2,109,136
R&D expenses		7,926		5,823		51,590		23,354
Financial expenses		-80,799		-72,706		-210,389		-258,220
Add: Other income		2,086		342		17,230		1,294
Investment income (“-” to indicate loss)		159,717		209,083		446,095		711,098
Including: Share of income of associates and joint ventures		231,071		208,362		459,064		671,858
Change in fair value gains (“-” to indicate loss)		-5,944		5,495		3,093		-6,757
Credit impairment losses (“-” to indicate loss)		—		—		—		-7
Asset impairment losses (“-” to indicate loss)		—		—		-120,140		-24,786
Asset disposal income (“-” to indicate loss)		-37		-3,243		15,219		-27,015
Operating profit (“-” to indicate loss)		1,262,986		498,393		-1,223,703		1,759,993
Add: Non-operating income		4,584		2,005		11,150		7,141
Less: Non-operating expenses		27,376		23,042		52,581		39,379
Total profit (“-” to indicate loss)		1,240,194		477,356		-1,265,134		1,727,755
Less: Income tax expenses		283,479		63,142		-389,711		256,560
Net Profit (“-” to indicate loss)		956,715		414,214		-875,423		1,471,195
1. Profit from continuing operations (“-” to indicate loss)		956,715		414,214		-875,423		1,471,195
Other comprehensive income, net of tax		1,248		—		-8,008		-3,667
Total comprehensive income		957,963		414,214		-883,431		1,467,528

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4.3 CONSOLIDATED CASH FLOW STATEMENTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	First three quarters of 2020 (January to September)		First three quarters of 2019 (January to September)
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services		59,664,017		82,838,287
Refund of taxes and surcharges		3,040		1,498
Cash received relating to other operating activities		286,600		142,416
Sub-total of cash inflows		59,953,657		82,982,201
Cash paid for goods and services		47,197,250		67,619,497
Cash paid to and on behalf of employees		1,858,747		1,917,525
Payments of taxes and surcharges		12,769,797		13,437,183
Cash paid relating to other operating activities		242,652		422,624
Sub-total of cash outflows		62,068,446		83,396,829
Net cash flows generated from operating activities		-2,114,789		-414,628
2. Cash flows from investing activities
Cash received from entrusted lending		9,601,942		2,753,630
Cash received from returns on investments		88,154		87,469
Net cash received from disposal of fixed assets, intangible assets and other long-term assets		95,660		214,370
Net cash received from disposal of subsidiaries and other operating units		—		-404
Cash received relating to other investing activities		705,982		3,434,755
Sub-total of cash inflows		10,491,738		6,489,820
Cash paid to acquire fixed assets, intangible assets and other long-term assets		1,021,374		937,712
Cash paid to entrusted lending		7,600,000		753,184
Cash paid to other related investment activities		340,315		—
Net cash received from subsidiaries and other business units		6,515,962		7,625,416
Sub-total of cash outflows		15,477,651		9,316,312
Net cash flows generated from operating activities.		-4,985,913		-2,826,492

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CONSOLIDATED CASH FLOW STATEMENTS (CONTINUED)

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	First three quarters of 2020 (January to September)		First three quarters of 2019 (January to September)
3. Cash flows from financing activities
Cash received from borrowings		6,446,569		3,730,100
Sub-total of cash inflows		6,446,569		3,730,100
Cash repayments of borrowings		1,958,562		3,184,749
Cash paid for distribution of dividends or profits and interest expenses		1,354,427		2,733,816
Cash paid for other financing activities		10,549		76,925
Sub-total of cash outflows		3,323,538		5,995,490
Net cash flows generated from financing activities		3,123,031		-2,265,390
4. Effect of foreign exchange rate changes on cash and cash equivalents		-2,711		12,627
5. Net increase in cash and cash equivalents		-3,980,382		-5,493,883
Add: Cash and cash equivalents at beginning of the period		7,449,699		8,241,893
6. Cash and cash equivalents at end of the period		3,469,317		2,748,010

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CASH FLOW STATEMENTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	First three quarters of 2020 (January to September)		First three quarters of 2019 (January to September)
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services		50,560,093		64,505,401
Refund of taxes and surcharges		1,115		—
Cash received relating to other operating activities		259,863		171,983
Sub-total of cash inflows		50,821,071		64,677,384
Cash paid for goods and services		37,905,448		49,603,020
Cash paid to and on behalf of employees		1,752,294		1,804,996
Payments of taxes and surcharges		12,698,503		13,318,250
Cash paid relating to other operating activities		288,748		253,141
Sub-total of cash outflows		52,644,993		64,979,407
Net cash flows generated from operating activities		-1,823,922		-302,023
2. Cash flows from investing activities
Cash received from the recovery of investments		9,198,184		2,552,461
Cash received from investment income		42,621		36,958
Net cash received from disposal of fixed assets, intangible assets and other long-term assets		21,466		65,313
Cash received relating to other investing activities		706,053		3,412,340
Sub-total of cash inflows		9,968,324		6,067,072
Cash paid to acquire fixed assets, intangible assets and other long-term assets		1,016,546		925,218
Cash paid to investment activities		7,400,000		827,943
Cash paid to other related investment activities		6,512,970		7,613,200
Sub-total of cash outflows		14,929,516		9,366,361
Net cash flows used in investing activities		-4,961,192		-3,299,289

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CASH FLOW STATEMENTS (CONTINUED)

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020

Unit: RMB’000 Audit type:unaudited

Items	First three quarters of 2020 (January to September)		First three quarters of 2019 (January to September)
3. Cash flows from financing activities
Cash received from borrowings		6,396,576		3,700,000
Sub-total of cash inflows		6,396,576		3,700,000
Cash repayments of borrowings		1,900,969		3,131,649
Cash paid for distribution of dividends or profits and interest expenses		1,347,631		2,734,015
Cash paid for related financing activities		8,037		74,954
Sub-total of cash outflows		3,256,637		5,940,618
Net cash flows generated from financing activities		3,139,939		-2,240,618
4. Effect of foreign exchange rate changes on cash and cash equivalents		—		—
5. Net increase in cash and cash equivalents		-3,645,175		-5,841,930
Add: Cash and cash equivalents at beginning of the period		5,754,440		7,119,013
6. Cash and cash equivalents at end of the period		2,109,265		1,277,083

By Order of the Board

Sinopec Shanghai Petrochemical Company Limited

Huang Fei

Joint Company Secretary

Shanghai, the PRC, 28 October 2020

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