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氯碱B股(900908)公告正文

氯碱化工:2014年半年度报告

公告日期:2014-08-26

          上海氯碱化工股份有限公司 2014 年半年度报告Shanghai Chlor-Alkali Chemical Co., Ltd.
                         600618
          2014 Interim Report
                   August 22, 2O14
                           上海氯碱化工股份有限公司 2014 年半年度报告
                                     Important Notice1. The Board of Directors and the members, the Supervisory Committee and the members and the
    senior executives of the Company ensure that the content of this interim report is true, accurate
    and integrative, not having any false statement, misleading representation or significant
    omission, and will take joint and several legal responsibilities for the Report.2. All the Directors of the Company attended the Board meeting.3. The Company's interim financial report has not been audited.4. Mr. Li Jun, principal of the Company, Mr. He Gang, principal in charge of accounting of the
    Company, and Mr. Lai Yonghua, head of accounting department (accounting officer) declare to
    guarantee the truth, accuracy and integrity of the financial report in this interim report.5. The future plan or other forward looking statement included in this Report shall not constitute
    the Company's substantial commitment to the investors, and we remind the investors to notice
    the investment risks.6. Is there any non-operational fund occupation by the controlling shareholder or by the related
    parties?
    No7. Is there any guarantee for outside entities in violation of the stipulated decision-making
    process?
    No
                                         上海氯碱化工股份有限公司 2014 年半年度报告
                                                           Contents1. Paraphrase ..................................................................................................................................... 43. Company Profile ........................................................................................................................... 53. Financial Highlights ...................................................................................................................... 64. The Report of the Board of Directors............................................................................................ 85. Major Events ............................................................................................................................... 166. Changes in Shareholding and Particulars of Shareholders .......................................................... 247. Particulars of Preference Share ................................................................................................... 268. Particulars of Directors, Supervisors and Senior Executives ...................................................... 279. Financial Report (unaudited)....................................................................................................... 2810. Documents for Reference.......................................................................................................... 41
                          上海氯碱化工股份有限公司 2014 年半年度报告1. Paraphrase1. Paraphrase
    In this Report, except otherwise indicated, these words and expressions shall have the meanings
    as follows:
    Paraphrase for generally-used expressions
    CSRC                            means    China Securities Regulatory Commission
                                            Shanghai Regulatory Bureau of China Securities
    SSRB                            means
                                            Regulatory Commission
    Huayi Group                     means    Shanghai Huayi (Group) Company
    The Company, Company, or
                                   means    Shanghai Chlor-Alkali Chemical Co., Ltd.
    Chlor-Alkali Chemical
                                            Molecular formula: NaOH; a strong soluble alkali.
                                            Sodium hydroxide is easy to be solved into water, has
                                            strong alkalinity, and can supply Na+ ion. These
    Sodium hydroxide                means    properties make it used widely in the industries such
                                            as soap-making, textile industry, printing and dyeing,
                                            blanching,    papermaking,      petroleum     refining,
                                            metallurgy and other chemical industries.
                                            Molecular formula: Cl2. As an important chemical
                                            raw material, chlorine gas is widely used in the
                                            industries such as papermaking, printing and dyeing,
    Chlorine gas                    means    pigment, bleaching powder, textile industry, chemical
                                            fiber, greasem petroleum, rubber, plastic, pharmacy,
                                            disinfection, agricultural pesticide, metallurgy and
                                            electronic industry.
                                            The Company's production for paste resin mainly
                                            adopts two processes, mixing method and seed
    Paste resin                     means    emulsion polymerization, and the paste resin is mainly
                                            used in the products such as the artificial leather, floor
                                            leather, wall paper, toy and bottle cap.
                                            The special resin produced by the Company is mainly
                                            the customer specially-used material, the medical
                                            resin with high polymeric level such as plasma bag,
    Special resin                   means
                                            infusion tube and the seal with high elasticity and the
                                            resin specially used for primary coating in
                                            automobiles.
                                            Chlorinated polyvinyl chloride, mainly used in various
    CPVC                            means    pipes with different caliber and the related fittings
                                            such as elbow and T-joint, the valve body and the wig.
                               上海氯碱化工股份有限公司 2014 年半年度报告3. Company Profile1. Company information
    Chinese name of the Company          上海氯碱化工股份有限公司
    Short form                           氯碱化工
    English name of the Company          SHANGHAI CHLOR-ALKALI CHEMICAL CO.,LTD.
    Abbreviation                         SCAC
    Legal representative of the
                                         Mr. Li Jun
    Company2. Contact information
                            Secretary of the Board of Directors        Securities representative
    Name                    Xu Peiwen                              Shen Qinyi
    Contact address         4747 Longwu Rd., Shanghai              4747 Longwu Rd., Shanghai
    Tel.                    021-64340601                           021-64342640
    Fax                     021-64341341                           021-64341438
    E-mail                  shxpw@126.com                          shqy_0227@126.com3. Change of basic information
    In the report period the Company did not have any change in its basic information.4. Change in information disclosure and filing site
    In the report period the Company did not have any change in its information disclosure and filing
    site.5. The Company's share
                                           The Company's share
                          Stock exchange
    Type of share                                    Share name                Share code
                         for listing of share
                         Shanghai       Stock
    A share                                     Chlor-Alkali Chemical    600618
                         Exchange
                         Shanghai       Stock
    B share                                     Chlor-Alkali B Share     900908
                         Exchange6. Change of the Company's registration in the report period
    During the report period the Company did not have any change of registration.
                              上海氯碱化工股份有限公司 2014 年半年度报告3. Financial Highlights1. Main accounting data and financial indexes of the Company1) Main accounting data
                                                                                             Unit: RMB
                                                The report period    Same period of last       Increase or
             Main accounting data
                                                (January to June)           year              decrease (%)
    Operating income                              2,999,608,615.72      3,154,708,285.63                -4.92
    Net profit attributable to shareholders
                                                    -49,319,177.83          4,005,046.69           -1,331.43
    of the Company
    Net profit attributable to shareholders
    of the Company, after non-recurring              -40,722,580.54          3,098,741.53           -1,414.17
    profit or loss
    Net cash flow from operating activities          -1,495,370.65         237,877,325.49             -100.63
                                                End of the report                              Increase or
                                                                        End of last year
                                                     period                                   decrease (%)
    Net assets attributable to shareholders
                                                  2,793,548,270.65      2,848,201,003.60               -1.92
    of the Company
    Total assets                                   6,047,039,868.77      5,992,581,029.65                0.91
    Net assets per share attributable to
                                                              2.42                   2.46              -1.92
    shareholders of the Company2) Main financial indexes
                                                    The report period     Same period         Increase or
              Main financial indexes
                                                    (January to June)      of last year      decrease (%)
    Basic earnings per share (RMB/share)                       -0.0426             0.0035           -1,317.14
    Diluted earnings per share (RMB/share)                     -0.0426             0.0035           -1,317.14
    Basic earnings per share after non-recurring
                                                             -0.0352            0.0027             -1,403.70
    profit and loss (RMB/share)
                                                                                            Decrease by 1.89
    Return on net assets, weighted average (%)                  -1.748             0.142
                                                                                            percentage points
    Return on net assets after non-recurring                                                 Decrease by 1.55
                                                               -1.444             0.109
    profit and loss, weighted average (%)                                                    percentage points2. Items of non-recurring profit or loss
                                                                                            Unit: RMB
          Items of non-recurring profit or loss           Amount                   Note (if apply)
    Profit or loss from disposal of non-current assets     -13,897.00
    Tax return and exemption approved by the
                                                                         Fund for support to the enterprise
    authority beyond its right, or without official        724,700.00
                                                                         received
    approval file, or occasionally happened
    Government subsidy attributable to profit and
    loss of current period, except such government
    subsidy closely related to the Company's normal                       Subsidy for the project for
                                                        1,540,000.00
    business operation, meeting the regulation of                         adjustment of industrial structure
    national policy and enjoyed constantly in certain
    quota or quantity according to a certain standard
    Other non-operating revenue and expenditure
                                                           -73,266.82
    other than above items
    Other profit or loss items meeting the definition    -10,801,611.8    Compensation for disposing the
                          上海氯碱化工股份有限公司 2014 年半年度报告
    of non-recurring profit and loss                              0   employees due to production halt
                                                                  of the Company's important
                                                                  production unit F2 caused by the
                                                                  adjustment of industrial structure
    Impact of minority interests                         193,387.38
    Impact of income tax                                -165,909.05
                      Total                       -8,596,597.29
                             上海氯碱化工股份有限公司 2014 年半年度报告4. The Report of the Board of Directors1. Discussion and analysis of the Board of Directors on the operation status during the report period
    In the first half year of 2014, the domestic chlor-alkali industry was still in the period of adjustment
    and transformation. The enterprises were confronted with a complicated environment and the
    economical operation in this industry was in low status continuously. However, there were new
    chances of enterprise development in the fields such as energy-saving and consumption reducing,
    reorganization for optimization and industrial transformation and upgrading. In the first half year
    there were three features in the operation of the chlor-alkali industry. First is that the expanding of
    production capacity kept on reducing. The market of sodium hydroxide and PVC was very low,
    causing the decrease of the new production capacity and promoting the washout of backward
    production capacity. In the products, the Company mainly adopted substitute mode for the
    production capacity of sodium hydroxide, washing out the backward diaphragm alkali production
    unit. In the first half year for sodium hydroxide, it increased production capacity by 710,000 tons
    and washed out production capacity by 90,000 tons, actually increasing the production capacity by
    620,000 tons. For PVC (including paste resin), it increased the production capacity by 300,000 tons,
    including 160,000 tons for SPVC, and washed out production capacity by 60,000 tons, actually
    increasing the production capacity by 100,000 tons. The net increasing of production capacity is not
    very big, making the development of the industry more reasonable. Second is that the low market
    for both chlor and alkali is more serious than before. The problem of over capacity cannot be solved
    in short period. and the continuous low demand for chlor-alkali products in the market was more
    pressing in the first half year. The low status of domestic real estate market directly makes the PVC
    tubing enterprises being operated under capacity, and the alumina industry, supporting the demand
    of sodium hydroxide in former years is also in low status. Due to such reasons, the price of sodium
    hydroxide and that of PVC are all at low position, the original mode of mutual support between
    PVC and sodium hydroxide cannot be realized now, and the profitability of the chlor-alkali industry
    has been weakened greatly. Third is that the export of sodium hydroxide has been reduced. In the
    first half year the Company totally exported the sodium hydroxide of 550,000 tons, decreasing by
    20% than the same period of last year. The reducing of the export volume of sodium hydroxide has
    aggravated the pressure in domestic supply and demand market and the contradiction between
    supply and demand in domestic market, making the domestic market worse than before.
    Faced with the severe situation in production operation, the Company has unified the thoughts
    inside it, clarified the direction and implemented actively the strategy of "innovation, upgrading and
    transformation". Focusing on the important projects and the differentiation of traditional products, it
    promoted the adjustment of product structure with great efforts, realized the optimized upgrading of
    traditional industry through self innovation and application of new technology and new material,
    and strived to implement the strategy of "going out" to find the way for transformation and
    upgrading of its industrial chain with all efforts.
    Firstly, it has optimized its production and operation to reduce the loss as much as possible. Based
    on the actual conditions of its production and operation, it established the equilibration model of
    "ensuring the chlorine consumption of the downstream units in the Chemical Park, running well the
    sodium hydroxide unit, increasing the absorption of hydrogen chloride, using well the planned
    ethylene and controlling the production volume of the vinyl chloride and the subsequent PVC series
    products", adapting the market change rapidly and adjusting the load to reduce the loss as much as
    possible. Secondly, it adhered to the differentiated marketing to optimize the sales structure. Faced
    with the continuous low downstream demand and decreasing of the price of main products in the
    first half year, the Company established the working group of differentiated marketing to promote
    the work on differentiated marketing for its products, focus on high-end product market and
                             上海氯碱化工股份有限公司 2014 年半年度报告
    optimize the product area structure and customer structure. Thirdly, it organized the overhaul
    carefully to ensure the stable operation of the units. For the arrangement on the general overhaul in
    the Chemical Park in the first half year, the Company made a reasonable adjustment, making its
    three factories in Chaojing and Wujing arrange overhaul in suitable time in March and April.
    Adhering to the principle of Safety First, the Company made preparing and organizing carefully and
    implemented the work earnestly, going all out to realize the object of "stopping well, repairing well
    and running well" for the units and setting solid foundation for stable running of the units in the
    second half-year. Fourthly, it strived to promote the construction of the important projects to get
    benefit as early as possible. The Company's important project low-temperature ethylene storage and
    transportation unit has entered the construction stage after completion of the detailed design and all
    the approval procedures. At present the construction for pile foundation, cofferdam and tank
    foundation of the tank field has been completed, and the construction for prefabrication of the tank
    deck and the underground pipe network has been completed basically. Fifthly, it strived to promote
    the self innovation. The Company concentrated the technical and marketing force to improve the
    quality of the new material, the resin of chlorinated polyvinyl chloride, and promote the application
    and get certain effect. For the project of 40,000 tons/year high performance chlorinated polyvinyl
    chloride (first phase of the 80,000 tons/year high performance chlorinated polyvinyl chloride), the
    preparing work has formally started and entered the period for preparing the report for environment
    evaluation, safety evaluation, health evaluation and energy evaluation. It strived to promote the
    implementation of industrialization for the chlorine making through catalytic oxidation of hydrogen
    chloride, and promote the preparing of the industrialization process package for 100,000 tons/year.
    Sixthly, it strived to implement the strategy of "going out". In the first half year the Company
    established the investment committee office to coordinate the optimization of the chlorine industrial
    chain and the research on the merger, investment and other cooperation chances with the vinyl
    derivative products. The Company strived to find the investment projects suitable to its long-term
    development and realize the extending of its industrial chain and the industrial transformation
    through periodic meeting, intelligence collection, business discussion, field survey and preparing of
    investigation report.
    In the first half year of 2014, although the Company adopts a series of work measures, it still got
    heavy loss in its production operation due to the influence of downturn in the chlor-alkali market.
    From January to June, the Company realized the operating income of RMB 2,999,000,000, a
    decrease of 4.92% than the same period of last year, the net profit attributable to shareholders of the
    Company of - RMB 49,319,200, a decrease of 1331.43% than the same period of last year, and the
    investment income of RMB 27,942,000, a decrease of 26.52% than the same period of last year.1) Analysis on main business(1) Analysis on changes in relevant items of the financial statements
                                                                                              Unit: RMB
                                                                        Same period of last     Change
                      Item                        Current period
                                                                               year            ratio (%)
    Operating income                               2,999,608,615.72        3,154,708,285.63           -4.92
    Operating cost                                 2,735,822,866.52        2,869,885,871.18           -4.67
    Selling cost                                     102,273,725.99           87,607,814.61          16.74
    Management cost                                  173,299,334.53          159,383,395.85            8.73
    Financial expenses                                53,943,660.36           55,446,383.24           -2.71
    Net cash flow from operating activities           -1,495,370.65          237,877,325.49        -100.63
    Net cash flow from investment activities        -208,487,774.45         -196,987,958.40
    Net cash flow from financing activities           78,874,216.29         -181,503,299.64
    Expenditure on R&D                                18,948,492.14           21,148,682.00         -10.40Note:
                             上海氯碱化工股份有限公司 2014 年半年度报告(a) Net cash flow from operating activities decreased greatly than the same period of last year, and this
    is mainly caused by the decrease of the sales income, slow return of the fund and the rising of the
    cost of raw material.(b) Net cash flow from financing increased greatly than the same period of last year, and this is mainly
    by the decrease of the debt refunded in the report period than the same period of last year.(2) Othera) Detailed explanation on significant changes of the profit structure or profit source of the Company
                                                                                    Unit: RMB
                Item               Jan.-June 2014       Jan.-June 2013        Increase or decrease than
                                                                            same period of last year (%)
      Selling cost                   102,273,725.99      87,607,814.61                              16.74
      Investment income               27,942,000.31      38,024,926.29                             -26.52
      Operating profit               -47,506,499.79        9,807,263.57                          -584.40
      Non-operating revenue             2,271,433.18         364,320.06                           523.47
      Gross profit                   -45,328,963.61      10,057,468.57                           -550.70
      Net profit                     -49,319,177.83        4,005,046.69                         -1331.43
      Minority interest                 1,606,868.56       4,019,904.05                            -60.03
      income
    Note:
    (a) The increase of selling cost is mainly because the dock expansion project completed, the fixed
        assets transferred to the marketing department and the depreciation of fixed assets thus
        increased.
    (b) The decrease of the return on investment is mainly because the affiliated enterprises have
        reduced their profitability in current period.
    (c) The increase of the non-operating revenue is mainly caused by the increase of the subsidy due
        to adjustment of the industrial structure received in current period.
    (d) The decrease of the minority interest income is caused by the decrease of the profitability of
        the subsidiaries within the consolidation range.
    (e) The rising of the price of the raw material ethylene, big decrease of the gross profit of the
        leading product PVC, the decrease of the selling price of sodium hydroxide and other factors
        due to the influence of market factors, have caused the big decrease of the operating profit,
        gross profit and net profit than the same period of last year.b) Explanation on the progress of the operating plan
    In the first half year of 2014, the Company established the leading group and working group for
    the Five-year plan to prepare the Five-year plan (2015-2019) and design the Company's
    development blueprint. Starting from 2014, the Company will prepare the dynamic Five-year plan
    to promote the Company's development and accelerate the transformation of the Company's
    internationalization. The plan is a strong strategy forward looking and challengeable, following the
    objective laws and operable. The plan includes rich content, extensive range and strict, concrete
    and quantified indexes. The plan preparing has formally started since the end of March.
    In the first half year of 2014, faced with the economic situation and industrial situation at home
    and abroad, the Company strived to unite together and adopt many ways to overcome severe
    difficulties and reduce the loss as small as possible. Compared with the same period of last year,
    the Company's profitability in the first half year has decreased greatly. The main reasons are as
    follows:
    First is the over capacity of the industry and low demand in downstream have caused the
    continuous low product price. The low domestic demand and reduced export volume have made
    the decrease of both the price and the output of the sodium hydroxide. Compared with the same
    period of last year, this has influenced the amount over RMB 0.2 billion, having a strong impact
                             上海氯碱化工股份有限公司 2014 年半年度报告
    on the Company's profitability.
    Second is the high cost of the raw material and rising price of energy have made great pressure on
    the production cost. The price of ethylene, main raw material in production of the Company, has
    always kept at high position. Since January 24, 2014, the price of the industrial electricity has
    increased by RMB 0.04 per kwh. These have caused the continuous rising of the Company's
    manufacturing cost.
    Third is the adjustment of the industrial structure in Wujing and stop of the production units have
    caused increase of the settlement allowance for the employees. Due to such reason, the Company's
    compensation cost for such employees in the first half year of 2014 is more than RMB 10,000,000,
    further influencing the Company's profitability.
    Four is there are many production halt and overhaul of the units with long time, and the fluctuation
    of operating rate in downstream has influenced the Company's benefit. During March and April of
    2014, Huasheng and Tianyuan in the Chemical Park and the PVC plant in Wujing had successively
    entered the overhaul period. This overhaul has extensive range, short time, heavy mission, many
    special tasks and other difficulties, such as the production and overhaul should be made at the
    same time. However, the target and mission of the overhaul have been completed successfully
    with associated efforts of all related parties. This overhaul totally has 388 items with the
    troubleshooting time of one month, and this has brought certain impact on the Company's
    production and economic benefit. In June, the multiple unit failures in the downstream enterprises
    in the Chemical Park and the fluctuation of the operating rate have made impacts on the operating
    rate of Huasheng factory and also influenced the Company's whole benefit.
    In the second half-year of 2014, the Company will strive to control the loss of the production and
    operation, focus on the big projects such as the ethylene tank and high performance chlorinated
    polyvinyl chloride unit, make investment with physical assets, accelerate firmly the adjustment
    and transfer of Wujing area and the concentration and upgrading of the Chemical Park, implement
    firmly the strategy of "going out", enhance the level of internationalization and try to find new
    space for its sustainable development. Meanwhile, face with the big loss of PVC and the
    difficulties of oversupply in the second half-year, the Company will consider the overall halt plan
    for PVC units in Wujing to reduce the loss and speed up further the step of the adjustment in
    industrial structure in Wujing.2) Analysis on industries, products and area operation(1) Main business divided by sectors and products
                                                                                       Unit: RMB
                                          Main business by sectors
                                                              Increase or Increase or
                                                    Gross                             Increase or decrease
                 Operating                                    decrease of decrease of
    Sector                          Operating cost    profit                            of gross profit rate
                  income                                       operating   operating
                                                   rate (%)                                   (%)
                                                             income (%)    cost (%)
                                                                                               Decrease by 2.46
    Industry     2,721,147,679.07    2,494,920,413.02        8.31       10.10         13.13       percentage points
    Construct                                                                                      Increase by 4.30
                 15,970,188.07       13,885,064.84       13.06       23.10         17.30       percentage pointsion
                                                                                                Increase by 6.92
    Trade          206,049,597.43      188,474,381.98        8.53      -67.08        -69.39       percentage points
                                                                                               Decrease by 0.57
    Subtotal     2,943,167,464.57    2,697,279,859.84        8.35       -5.38         -4.79       percentage points
                                         Main business by products
                 Operating                          Gross Increase or        Increase or Increase or decrease
    Product                          Operating cost
                  income                            profit decrease of       decrease of of gross profit rate
                                上海氯碱化工股份有限公司 2014 年半年度报告
                                                        rate (%)    operating      operating         (%)
                                                                   income (%)      cost (%)
                                                                                                Decrease by 32.06
    PVC            320,556,367.50        478,168,621.07    -49.17         -47.10         -32.62     percentage points
    Sodium                                                                                          Decrease by 2.64
                658,763,551.24        498,769,608.57     24.29          -4.29          -0.82     percentage pointshydroxide
    Chlorine                                                                                         Increase by 0.28
               1,290,337,344.40     1,112,179,587.53     13.81         21.80           21.41      percentage pointproducts
                                                                                                  Increase by 2.77
    Other          673,510,201.43        608,162,042.67      9.70         -11.01         -13.66     percentage points
                                                                                                 Decrease by 0.57
    Subtotal      2,943,167,464.57     2,697,279,859.84      8.35          -5.38          -4.79      percentage pointNote:(a) The gross profit rate of PVC decreases than the same period of last year, and this is mainly caused
    by the rising of the raw material ethylene and the decrease of the product output.(2) Main business divided by area
                                                                                             Unit: RMB
          Area              Operating income              Increase or decrease than previous year (%)
    China                         2,793,026,269.53                                               -2.38
    Other areas                     150,141,195.04                                             -39.77
    Total                         2,943,167,464.57                                               -5.393) Analysis on investment(1) General analysis on equity investment
                                                                                         Unit: RMB'0000
                                             Closing     Beginning      Increase or        Increase or
                    Item
                                             balance      balance        decrease         decrease (%)
    Long-term equity investment             50,519.40     44,785.20       5,734.20                 12.80
    Incl.: Long-term equity investment
                                           21,498.37     18,764.17        2,734.20              14.57
    measured with equity method
    Long-term equity investment
                                           29,021.03     26,021.03        3,000.00              11.53
    measured with cost method
    Analysis on reason for change of equity investment:
    (a) Long-term equity investment measured with equity method increased by 14.57% than beginning
      of the period, and this is mainly caused by the increase of long-term equity investment due to
      the investment income confirmed in current period.
    (b) Long-term equity investment measured with cost method increases by 11.53% than beginning of
      the period, and this is mainly caused by the increase of the investment in Shanghai Huayi Group
      Finance Co., Ltd.
    Information of invested companies
                                                                                         Unit: RMB'0000
                                                                                    Ratio in the
         Name of the invested                                         Investment    equity of the
                                            Business nature                                       Remark
             company                                                     cost         invested
                                                                                   company(%)
    Shanghai           Huntsman                                                                    Equity
                                      Refine of MDI and polymer        14,598.89               30
    Polyurethane Co., Ltd.                                                                         method
    Shanghai            Lianheng       Produce and sell the                                        Cost
                                                                       13,996.15               15
    Isocyanic Ester Co., Ltd.          chemicals related to raw MDI                                method
    Shanghai Huayi Tianyuan                                                                        Cost
                                      Logistics                         7,540.66           16.64
    Chemical Logistics Co., Ltd.                                                                   method
                              上海氯碱化工股份有限公司 2014 年半年度报告
    Shanghai     Huayi   Group                                                                               Cost
                                       Financial company                    6,000.00                 10
    Finance Co., Ltd.                                                                                        method
    Suzhou Tianyuan Logistics                                                                                Cost
                                       Logistics                                134.09           13.5
    Co., Ltd.                                                                                                method
    Beijing Yinzhao Information         Consultation for information                                         Cost
                                                                                164.61               16
    Technology Co., Ltd.                technology                                                           method
    (a) Equity interest in other listed companies held                                                   Unit: RMB
                                                           Change in
    Share                      Initial   Closing balance owner's equity                   Bookkeeping          Source of
               Share name
    code                  investment cost of book value during the report                operation items         share
                                                             period
                                                                                                                Legal
                                                                                         Salable financial
    600636     3F                 360,000.00         6,818,684.40        573,622.50                              person
                                                                                         assets
                                                                                                                share
                                                                                                                Legal
              Double Coin                                                                Salable financial
    600623                        690,000.00         1,615,900.00        206,635.00                              person
              Share                                                                      assets
                                                                                                                share
              S China                                                                    Long-term              Legal
    600610     Textile          2,095,000.00         2,095,000.00                         equity                 person
              Machinery                                                                  investment             share
                                                                                         Long-term              Legal
              S Shanghai
    600688                        900,000.00          900,000.00                          equity                 person
              Petrochemical
                                                                                         investment             share
                                                                                                                Legal
                                                                                         Salable financial
    600637     BesTV                  86,967.00      2,785,553.01        -322,212.74                             person
                                                                                         assets
                                                                                                                share
                                                                                                                Legal
              Haitai                                                                     Salable financial
    600082                            20,000.00       182,000.00           -9,600.00                             person
              Development                                                                assets
                                                                                                                share
             Total             4,151,967.00        14,397,137.41        448,444.76               /                  /(b) Equity of the financial firms held
                                                                                   Bookkeeping
                                Initial investment          Closing balance of                            Source of
      Name of the firm                                                               operation
                                 amount (RMB)               book value (RMB)                                share
                                                                                       items
                                                                                  Long-term                Legal
    Shenyin & Wanguo
                                         1,250,000               1,250,000.00     equity                   person
    Securities Co., Ltd.
                                                                                  investment                share
                                                                                  Long-term                Legal
    Bank of Shanghai Co.,
                                           150,000               7,307,758.85     equity                   person
    Ltd.
                                                                                  investment                share
             Total                       1,400,000               8,557,758.85             /                   /(2) The entrusted financing by the non-financial firms and the investment in derivatives(a) Entrusted financing
    In this report period the Company had no entrusted financing.(b) Entrusted loan
    In the report period the Company had no entrusted loan.(c) Utilization of the raised fund
                             上海氯碱化工股份有限公司 2014 年半年度报告
    During the report period the Company did not raise any capital or had raised capital left over from
    previous period used in this period.(3) Analysis on main subsidiaries and joint-stock companies(a) Operation status of the controlled companies
                                                                                  Unit: RMB'0000
                                                                       Registered                Net
            Name of company                    Business nature                    Assets scale
                                                                        capital                 profit
    Shanghai Ruisheng Enterprises
                                       Trade                                  500       5,361.74         303.02
    Co., Ltd.
    Shanghai Dakai Plastic Co.,       Plastic membrane and its
                                                                          4,347.76    14,843.71      -311.56
    Ltd.                              deep processing
    Shanghai Jinyuan Water Plant
                                       Tap water                              900       1,270.11          86.64
    Tap Water Co., Ltd.
                                       Maintenance              and
    Shanghai         Chlor-Alkali
                                       engineering construction of          3,000       3,026.88          25.01
    Machinery Co., Ltd.
                                       petrochemical devices
    Shanghai Luwei Plastics Co.,      Production for CPVC tubing
                                                                            5,000       4,196.08     -358.34
    Ltd.                              and fittings
    Shanghai Tiantai Addition         Produce antistatic agent and
                                                                            3,300     20,068.08          518.80
    Agent Co., Ltd.                   leveling agent(b) Individual controlled subsidiaries with its net profit or its investment income's impact on the
    Company's net profit over 10%
                                                                                    Unit: RMB'0000
                                                                                                 Investment
                                                 Main          Main         Main
                                 Business                                              Net      income from
         Name of company                     product or      business     business
                                  nature                                              profit   the joint stock
                                                service      income         profit
                                                                                                  company
                               Production
                                            Chemical
      Shanghai Tiantai         and sale of
                                            reagent and      11,932.14     2,645.50   518.80           228.27
      Addition Agent Co., Ltd. chemical
                                            additive
                               products
                                            Sales of
      Shanghai Ruisheng                     chemical raw
                               Trade                          6,526.67       751.46   303.02           303.02
      Enterprises Co., Ltd.                 material and
                                            products
                               Production Production
      Shanghai Luwei Plastics and sale of for CPVC
                                                                657.46        33.59 -358.34           -250.84
      Co., Ltd.                chemical     tubing and
                               products     fittings
                               Production Plastic
      Shanghai Dakai Plastic and sale of membrane
                                                              3,895.41        28.62 -311.56            280.40
      Co., Ltd.                chemical     and its deep
                               products     processing
                               Production
                                            Refine of
      Shanghai Huntsman        and sale of
                                            MDI and         187,964.72 17,204.36 9,289.22            2,734.20
      Polyurethane Co., Ltd.   chemical
                                            polymer
                               products(4) Projects with non-raised capital
                                                                                     Unit: RMB'0000
                             上海氯碱化工股份有限公司 2014 年半年度报告
                                                                Investment     Total
                        Project                                  amount in     actual
      Project name                      Project progress                                  Project income
                        amount                                   the report investment
                                                                   period     amount
    Low
    temperature
                                   In the period for making
    ethylene                                                                             Still under
                         23,845    the base plate of the             4594         5567
    storage and                                                                          construction
                                   storage tank
    transportation
    unit project2. Proposal on profit distribution or on capital reserves transferred into share capital1) Implementation or adjustment on the profit distribution plan in the report period
    On May 7, 2014 the Company convened 2013 annual shareholders' meeting, which examined and
    passed the Proposal on 2013 Profit Distribution. In this proposal, based on the Company's total
    share capital of 1,156,399,976 shares on December 31, 2013, the Company shall distribute cash
    dividend of RMB 0.05 (tax included) for every 10 shares held, totally distributing dividend of RMB
    5,781,999.88 to all the shareholders. The undistributed profit shall be carried forward to the next
    year. The cash dividend to the holders of B share shall be paid in US dollars.
    On June 13, 2014 the Company published an announcement on 2013 profit distribution in China
    Securities News, Shanghai Securities News, Securities Post, Hong Kong Commercial Daily and the
    website of Shanghai Stock Exchange, which specified June 18 as equity registration date for A share,
    June 23 as equity registration date for B share, June 19 as the ex-dividend date, June 19 as the date
    for distributing cash dividend of A share and July 2 as the date for distributing cash dividend of B
    share.3. Other events disclosed1) Forecast that the total net profit from beginning of the year to end of the next report period will
    possibly be of loss or greatly changed than the same period of last year and the explanation
    The net profit attributable to shareholders of the Company from January to September of 2013 was
    - RMB 39,770,000, and from January to June of 2014, - RMB 49,320,000. The price tendency of
    the Company's main products in the third quarter of 2014 will still not be too optimistic. Therefore,
    the net profit at end of next report period will still decrease greatly.2) The explanation of the Board of Directors and the Supervisory Committee on the Non-standard
    Auditor's Report by public accounting firm√ Not applicable
                            上海氯碱化工股份有限公司 2014 年半年度报告5. Major Events1. Significant lawsuits, arbitrations and events generally questioned by the media
    In the report period the Company did not have any significant lawsuit, arbitration and event
    questioned by the media.2. Events related to bankruptcy and reorganization
    In the report period the Company had no events related to bankruptcy and reorganization.3. Assets transaction and business merger√ Not applicable4. Equity incentive of the Company and the influences√ Not applicable5. Significant related transactions1) Related transactions in routine operation(1) The events disclosed in provisional announcement and having no subsequent implementing
    progress or change
                                Description of event                                      Index
    Based on the principle of fairness and reasonableness, mutual advantage
    and mutual benefit and voluntaries and good faith, the Company,
                                                                             China      Securities   News,
    Shanghai Huayi (Group) Company and Shanghai Huayi Group Finance
                                                                             Shanghai Securities News,
    Co., Ltd. signed a frame agreement on finance service of 3 parties,
                                                                             Securities Post and Hong Kong
    through which Shanghai Huayi (Group) Company shall make use of the
                                                                             Commercial Daily and the
    self advantage for short-term financing and bond issuing and Shanghai
                                                                             website of Shanghai Stock
    Huayi Group Finance Co., Ltd. shall provide the Company with finance
                                                                             Exchange: www.sse.com.cn on
    service as a non-banking financial institution to meet the Company's
                                                                             May 29, 2012.
    requirements for reducing financing cost in developing its business. The
    valid period of the agreement is 3 years.(2) Events not disclosed in provisional announcement
                                                                                        Unit: RMB'0000
                                                                                                   Ratio in total
                                                                        Pricing
                                                       Content of                    Amount of       amount of
         Related         Related    Type of related                   principle of
                                                          related                       related     transactions
    transaction party    relation     transaction                        related
                                                       transaction                   transaction     with same
                                                                      transaction
                                                                                                      type (%)
                      Controlled
    Shanghai Wujing
                      subsidiary
    Chemical   Co.,                                                                        763.24            0.38
                      of parent
    Ltd.
                      company
                      Controlled
    Shanghai
                      subsidiary                                     Settled as
    Carbonization                 Purchase              Material                           559.51            0.28
                      of parent                                      per agreed
    Co., Ltd.                     goods                 purchase
                      company                                        price
    Shanghai Huayi     Controlled
    Tianyuan           subsidiary
                                                                                           43.37            0.02
    Chemical Logistics of parent
    Co., Ltd.          company
    Shanghai           Controlled                                                           70.97            0.04
                          上海氯碱化工股份有限公司 2014 年半年度报告
    Xintianyuan          subsidiary
    Chemical             of parent
    Transport   Co.,     companyLtd.
                        Wholly
    Shanghai               owned
    Chlor-Alkali           subsidiary                                      301.40    0.15
    Creation Co., Ltd.     of parent
                        company
                        WhollyShanghai Huayi
                        ownedGroup Equipment
                        subsidiary                                       88.36    0.04Engineering Co.,
                        of parentLtd.
                        company
                        WhollyShanghai
                        ownedChemical Supply
                        subsidiary                                       16.98    0.01
    and      Marketing
                        of parentCo., Ltd.
                        company
                        WhollyShanghai Huayi
                        ownedNew Energy
                        subsidiary                                      783.76    0.39Chemical Sales
                        of parentCo., Ltd.
                        company
    Shanghai Huayi         Controlled
    Information            subsidiary
                                                                           4.52   0.00
    Technology Co.,        of parent
    Ltd.                   company
                        Wholly
    Shanghai Huayi         owned
    Group Huayuan          subsidiary                                         3.02   0.00Chemical Co., Ltd. of parent
                        company
                        Wholly
    Shanghai Chemical      ownedIndustry Pressure
    Vessel Inspection Co., subsidiary                                      131.56    0.07
    Ltd.                   of parent
                        company
    Shanghai Huayi         Controlled
    Tianyuan               subsidiary
                                                                       1,296.41   0.65Chemical Logistics of parent
    Co., Ltd.              company Receive           Receive
    Shanghai                          labour         labour
                        Controlled
    Xintianyuan                       service        service
                        subsidiary
    Chemical                                                               208.44    0.10
                        of parent
    Transport       Co.,
                        companyLtd.
                        Wholly
    Shanghai               owned
    Chlor-Alkali           subsidiary                                     1,124.34   0.56Creation Co., Ltd. of parent
                        company
                          上海氯碱化工股份有限公司 2014 年半年度报告
                      Wholly
    Shanghai Huayi        owned
    Engineering Co.,      subsidiary                                        401.97    0.20
    Ltd.                  of parent
                      company
    Shanghai Huayi        Controlled
    Information           subsidiary
                                                                        118.94    0.06
    Technology Co.,       of parent
    Ltd.                  company
                      ControlledShanghai
                      subsidiary
    Carbonization                                                           246.95    0.08
                      of parentCo., Ltd.
                      company
                      Wholly
    Shanghai Huayi        owned
    Group Huayuan         subsidiary                                         52.48    0.02
    Chemical Co., Ltd.    of parent
                      company
                      Controlled
    Shanghai 3F New       subsidiary
                                                                       2,348.24   0.78
    Materials Co., Ltd.   of parent
                      company
    Shanghai Huayi        Controlled
    Tianyuan              subsidiary
                                                                        118.50    0.04
    Chemical Logistics    of parent
    Co., Ltd.             company
                      Wholly
    Shanghai              owned
    Chlor-Alkali          subsidiary                                         28.80    0.01
                                   Sell
    Creation Co., Ltd.    of parent                        Sell goods
                                   commodities
                      company
                      Wholly
    Shanghai Tianyuan     owned
    Group Shengde         subsidiary                                       1,264.53   0.42
    Plastic Co., Ltd.     of parent
                      company
                      Wholly
                      ownedShanghai Resin
                      subsidiary                                         23.59    0.01Factory Co., Ltd.
                      of parent
                      company
                      ControlledShanghai Huayi
                      subsidiary
    Acrylic Acid Co.,                                                       159.97    0.05
                      of parentLtd.
                      company
                      WhollyShanghai
                      ownedChemical Supply
                      subsidiary                                        194.48    0.06
    and     Marketing
                      of parentCo., Ltd.
                      company
    Shanghai Huayi        Controlled   Rendering of        Rendering
                                                                        723.50    0.24
    Tianyuan              subsidiary   service             of service
                             上海氯碱化工股份有限公司 2014 年半年度报告
    Chemical Logistics of parent
    Co., Ltd.             company
                         Wholly
                         owned
    Shanghai Huayi
                         subsidiary                                                        9.43            0.00
    Polymer Co., Ltd.
                         of parent
                         company
                         Wholly
    Shanghai Huayi        owned
    Engineering Co.,      subsidiary                                                       11.68            0.00
    Ltd.                  of parent
                         company
                         Wholly
    Shanghai Tianyuan owned
    Group Shengde         subsidiary                                                     411.61             0.14
    Plastic Co., Ltd.     of parent
                         company
                                 Total                                    /          11,510.55             4.80
    The transaction between the Company and related parties, is that the Company pays expenditure for
    service and trusteeship business, for purchase of raw material, sales of product and other recurring
    business operations and for stripping non-recurring assets and non-central business. Such
    transactions are the necessary supplement for the coordination based on specialization and mutual
    transfer of predominance between the Company and its controlling shareholder and part of
    subordinate enterprises, this makes no impacts on the Company's independence, and they will
    continue to exist afterwards.
    In 2014 the total amount of the routine related transactions is estimated to be RMB 395,767,200, in
    which the related transactions with the amount of RMB 259,617,200 have been examined and
    passed by the 2012 annual shareholders' meeting, the related transactions with the amount of RMB
    130,000,000 have been got through open bidding and announced to the public, and the total amount
    of the routine related transaction increased in 2014 is estimated to be RMB 6,150,000, examined
    and approved by the united financial signing. The Company made announcement in the website of
    Shanghai Stock Exchange and China Securities News, Shanghai Securities News, Securities Post
    and Hong Kong Commercial Daily on March 21, 2014.
    The actual amount of the routine related transaction in the first half year of 2014 is RMB
    115,105,500, within the estimated range.2) The related transactions due to purchase and sale of assets(1) The events disclosed in provisional announcement and having subsequent implementation progress
    or change
    On November 23, 2013 the Company convened the 7th meeting of 8th Board of Directors, which
    examined and passed the Motion on the Related Transaction for Purchase of the Construction in
    Progress of D4-2 Land Lot of Shanghai Paint Co., Ltd. As evaluated by Shanghai Dongzhou Assets
    Appraisal Co., Ltd., this asset should have the book value of RMB 141,910,000 and evaluated value
    of RMB 108,419,900. On May 28, 2014 the Company and Shanghai Paint Co., Ltd. signed the
    transfer agreement with the evaluated value of RMB 108,419,900. According to the agreement, the
    purchase fund shall be paid in three in three installments, i.e., paid within five working days
    respectively after signing of the transfer agreement, formally acceptance of the application for the
    asset transfer and obtaining of the property right certificate. In the report period the Company paid
    the first fund of RMB 34,189,200 for the purchase. At present the Paint Company is just handling
    the procedure for paying the related tax.3) Significant related transactions for joint investment(1) The events disclosed in provisional announcement and having subsequent implementation progress
                            上海氯碱化工股份有限公司 2014 年半年度报告
    or change
    On November 23, 2013 the Company convened the 7th meeting of 8th Board of Directors, which
    examined and passed the Motion on the Related Transaction for Joint Capital Increase with the
    Related Party in Shanghai Huayi Group Finance Co., Ltd. The motion agreed that Shanghai Huayi
    Group Finance Co., Ltd. increased the registered capital by RMB 0.3 billion, and the shareholders
    shall make the capital increase with cash in the share holding ratio. The Company shall make
    capital increase of RMB 30,000,000 according to its shareholding ratio. On March 19, 2014, the
    Company made financial contribution of RMB 30,000,000 to complete this capital increase.4) Related creditor's rights and debts(1) Events not disclosed in the provisional announcement
                                                                                       Unit: RMB'0000
                                                                           Related parties provide fund to the
                                     Provide fund to related parties
                        Related                                                     listed Company
    Related party
                        relation   Beginning                  Closing      Beginning                 Closing
                                             Amount                                      Amount
                                    balance                   balance       balance                  balance
                     WhollyShanghai Tianyuan owned
    Group Shengde       subsidiary of 804.04         390.30      1,194.34
    Plastic Co., Ltd.   parent
                     company
                     ControlledShanghai
                     subsidiary of
    Carbonization Co.,                120.61             -9.04     111.57
                     parentLtd.
                     company
                     ControlledShanghai 3F New subsidiary of
                                    12.14         861.89       874.03Materials Co., Ltd. parent
                     company
                     Wholly
    Shanghai Huayi      owned
    Engineering Co., subsidiary of 6,645.42        1,528.81      8,174.23           1.51       5.51          7.02
    Ltd.                parent
                     companyShanghai
    Huntsman            Affiliated
                                    12.78         -12.78               0Polyurethane Co., companyLtd.
                     ControlledShanghai Peony
                     subsidiary of
    Printing Ink Co.,                   0.44             -0.44            0
                     parentLtd.
                     company
                     ControlledShanghai Huayi
                     subsidiary of
    Tianyuan Chemical                   0.45         218.82       219.27
                     parentLogistics Co., Ltd.
                     company
                     Wholly
                     ownedShanghai Resin
                     subsidiary of   2.29             0.04        2.33Factory Co., Ltd.
                     parent
                     company
    Shanghai Paint Co., Wholly          0.47       3,418.92      3,419.39
                           上海氯碱化工股份有限公司 2014 年半年度报告
    Ltd.                owned
                    subsidiary of
                    parent
                    company
                    Wholly
    Shanghai            owned
    Chlor-Alkali        subsidiary of        0          6.28      6.28Creation Co., Ltd. parent
                    company
                    ControlledShanghai Huayi
                    subsidiary of
    Acrylic Acid Co.,                        0         70.46     70.46
                    parentLtd.
                    company
                    WhollyShanghai Huayi
                    ownedNew Energy
                    subsidiary of     0.03         -0.03         0Chemical Sales
                    parentCo., Ltd.
                    company
                    WhollyShanghai Huayi
                    ownedGroup Huayuan
                    subsidiary of        0          3.53      3.53Chemical Co.,
                    parentLtd.
                    company
                    WhollyShanghai Chemical
                    ownedIndustry Pressure
                    subsidiary of                                           10.52    72.66       83.18Vessel Inspection
                    parentCo., Ltd.
                    company
                    Wholly
    Shanghai            owned
    Chlor-Alkali        subsidiary of                                             6.69   27.55       34.24Creation Co., Ltd. parent
                    company
    Shanghai            Controlled
    Xintianyuan         subsidiary of
                                                                              0.96   31.92       32.88Chemical Transport parent
    Co., Ltd.           company
    Shanghai Huayi      Controlling
                                                                        157,661.84   -19.80 157,642.04(Group) Company shareholder
    Shanghai Huayi      ControlledGroup Construction subsidiary of
                                                                              2.85    -2.85         0Cost Consultation parent
    Co., Ltd.           company
                    Wholly
    Shanghai Huayi      owned
    Group Finance Co., subsidiary of                                                0    23.89       23.89
    Ltd.                parent
                    company
                    WhollyShanghai Chemical
                    owned
    Supply and                                                                    25.3    -4.94      20.36
                    subsidiary ofMarketing Co., Ltd.
                    parent
                                 上海氯碱化工股份有限公司 2014 年半年度报告
                       company
    Shanghai Huayi        Controlled
    Information           subsidiary of
                                                                                           0         1.15            1.15Technology Co., parent
    Ltd.                  company
    Total                                 7,598.67        6,476.76    14,075.43      157,709.67      135.09 157,844.76During the report period the amount of thefund supplied by the Company to its
                                                                                                             64,767,600controlling shareholder and subsidiaries(RMB)Balance of the fund supplied by the Company
    to its controlling shareholder and subsidiaries                                                             140,754,300(RMB)
                                                     Formed from purchase and sale in regular productionReason for related creditor's rights and debts
                                                     operationImpacts of related creditor's rights and debts
                                                     No influence on the Company's operating results andto the Company's operation results and
                                                     financial statusfinancial status6. Important contracts and the implementation1) Trusteeship, contracting and leasing(1) Trusteeship
    In the report period the Company had no trusteeship.(2) Contracting
    In the report period the Company had no contracting.(3) Leasehold
                                                                                               Unit: RMB'0000
                                                                                          Basis for
                                         Amount
                                                     Beginning                   Income deciding Related
                                 Leased related to                 End date of                                      Related
      Lessor        Lessee                            date of                      on        the    transaction
                                 assets   leased                     leasing                                        relation
                                                      leasing                    leasing income on or not
                                           asset
                                                                                           leasing
                  Shanghai
    Shanghai       Huayi                                                                    Settled                Controlled
    Chlor-Alkali   Tianyuan       Fixed                                                     as per                  subsidiary
                                          2,956.11   09/01/2013   08/31/2014     524.70              Yes
    Chemical       Chemical       assets                                                    agreed                  of parent
    Co., Ltd.      Logistics                                                                 price                  company
                  Co., Ltd.
                  Shanghai
                                                                                                                  Wholly
    Shanghai       Tianyuan                                                                 Settled
                                                                                                                   owned
    Chlor-Alkali   Group          Fixed                                                     as per
                                           739.97    01/01/2014   12/31/2014      411.61             Yes           subsidiary
    Chemical       Shengde        assets                                                    agreed
                                                                                                                   of parent
    Co., Ltd.      Plastic Co.,                                                              price
                                                                                                                   company
                  Ltd.2) Particulars of guarantee√ Not applicable3) Other significant contracts or transactions
    In the report period the Company did not have any other important contract or transaction.7. Fulfillment of commitments√Not applicable
                            上海氯碱化工股份有限公司 2014 年半年度报告8. Punishment to the listed Company and its Directors, Supervisors, senior executives, shareholders
    with 5% or higher equity interest, actual controller and purchaser and the correction status
    In the report period the Company and its Directors, Supervisors, senior executives, shareholders
    with 5% or higher equity interest, actual controller and purchaser all had not been checked,
    punished and publicly reprimanded by China Securities Regulatory Committee, nor publicly
    condemned by the stock exchange.
                            上海氯碱化工股份有限公司 2014 年半年度报告6. Changes in Shareholding and Particulars of Shareholders1. Change of share capital1) Table of change of share capital(1) Table of change of share capitalDuring the report period the Company did not have any change in the total number of shares and thestructure of the share capital.2) Change of shares with limited sales condition
    During the report period the Company did not have any change in shares with limited sales
    condition.2. Information of shareholders1) Total number of shareholders and the top 10 shareholders holding more than 5% of the Company's
    total share capital at end of the report period
                                                                                           Unit: Share
    Number of
    shareholders at end               107,287, including 45,372 holders of A share and 61,915 holders of B share
    of the report period
                                                      Top 10 shareholders
                                                                                  Increase     Shares
                                                                                      or         with
                                                                                                           Shares
                                         Nature of      Shareholding     Shares   decrease     limited
         Name of shareholder                                                                             pledged or
                                        shareholder       ratio (%)       held      in the       sales
                                                                                                           frozen
                                                                                    report   conditions
                                                                                   period        held
    Shanghai Huayi (Group)
                                         State-owned            50.29 581,592,347          0           0    None
    Company
    SCBHK A/C BBH S/A
    VANGUARD EMERGING                        Overseas
                                                                 0.75   8,649,032          0           0    None
    MARKETS STOCK INDEX                  legal person
    FUND
                                         State-owned
    Bank of China Wuxi Branch                                    0.23   2,605,981          0           0    None
                                         legal person
    VANGUARD TOTAL
                                             Overseas
    INTERNATIONAL STOCK                                          0.20   2,261,300   421,100            0    None
                                         legal person
    INDEX FUND
    Shanghai Huayi Group                 State-owned
                                                                 0.16   1,848,100          0           0    None
    Investment Co., Ltd.                 legal person
                                            Domestic
    Chen Cailin                                                  0.12   1,399,248          0           0    None
                                       natural person
    Customer credit trading
    guarantee securities account of             Other            0.11   1,230,248 1,230,248            0    None
    Anxin Securities Co., Ltd.
    CB LONDON A/C LEGAL
    AND GENERAL                              Overseas
                                                                 0.10   1,200,450   100,000            0    None
    ASSURANCE (PENSIONS                  legal person
    MANAGEMENT) LTD
          Zhongrun Economic               State-owned
                                                                 0.10   1,133,000          0           0    None
         Development Co., Ltd.            legal person
    Customer credit trading                     Other            0.10   1,105,769   985,867            0    None
                            上海氯碱化工股份有限公司 2014 年半年度报告
    guarantee securities account of
    Haitong Securities Co., Ltd.
                                Top 10 shareholders with no limited sales condition
                                                                 Shares with no limited
                       Name of shareholder                                                        Type of share
                                                                   sales condition held
                                                                                                Renminbi ordinary
    Shanghai Huayi (Group) Company                                             581,592,347
                                                                                                               share
    SCBHK A/C BBH S/A VANGUARD EMERGING                                                              Domestic listed
                                                                                 8,649,032
    MARKETS STOCK INDEX FUND                                                                    foreign capital share
                                                                                                Renminbi ordinary
    Bank of China Wuxi Branch                                                     2,605,981
                                                                                                               share
    VANGUARD TOTAL INTERNATIONAL STOCK INDEX                                                         Domestic listed
                                                                                 2,261,300
    FUND                                                                                        foreign capital share
                                                                                                Renminbi ordinary
    Shanghai Huayi Group Investment Co., Ltd.                                     1,848,100
                                                                                                               share
                                                                                                    Domestic listed
    Chen Cailin                                                                   1,399,248
                                                                                               foreign capital share
    Customer credit trading guarantee securities account of Anxin                                Renminbi ordinary
                                                                                 1,230,248
    Securities Co., Ltd.                                                                                        share
    CB LONDON A/C LEGAL AND GENERAL ASSURANCE                                                        Domestic listed
                                                                                 1,200,450
    (PENSIONS MANAGEMENT) LTD                                                                   foreign capital share
                                                                                                Renminbi ordinary
    Zhongrun Economic Development Co., Ltd.                                       1,133,000
                                                                                                               share
    Customer credit trading guarantee securities account of                                      Renminbi ordinary
                                                                                 1,105,769
    Haitong Securities Co., Ltd.                                                                                share
                                Since January 12, 2009 the Company's shares have been tradable in full, and it now
                                has no shareholder with limited sales condition. Among above shareholders,
    Remark on related relations Shanghai Huayi Group Investment Co., Ltd. is a subsidiary wholly-owned
    or concerted actions         Shanghai Huayi (Group) Company and have a related relation mutually. Except
    between above                that, the Company have not learned whether the related relation is existing between
    shareholders                 the other shareholders or whether the other shareholders belong to the concerted
                                actors stipulated in the "Information Disclosure Management Method for Change
                                of Shares held by the Shareholders in the Listed Company".3. Change of the controlling shareholder or actual controller
    During the report period the Company's controlling shareholder or actual controller were not
    changed.
                          上海氯碱化工股份有限公司 2014 年半年度报告7. Particulars of Preference Share
    In the report period the Company had no preference share.
                            上海氯碱化工股份有限公司 2014 年半年度报告8. Particulars of Directors, Supervisors and Senior Executives1. Change of shareholding1) Change of the Directors, Supervisors and Senior Executives currently holding the post and leaving
    the post during the report period
    There is no change in shareholding of Directors, Supervisors and senior executives of the Company
    during the report period.2. Change of Directors, Supervisors and senior executives
    During the report period the Company did not have any change of the Directors, Supervisors and
    senior executives.
                            上海氯碱化工股份有限公司 2014 年半年度报告9. Financial Report (unaudited)1. Financial statements
                                   Consolidated Balance Sheet
                                          June 30, 2014Prepared by: Shanghai Chlor-Alkali Chemical Co., Ltd.
                                                                                      Unit: RMB
                            Item                            Closing balance     Beginning balanceCurrent assets:
    Monetary fund                                            442,262,785.02       573,468,453.52
    Settlement reserves
    Loans to other bank
    Transactional financial assets
    Notes receivable                                         352,334,665.65       378,074,710.56
    Accounts receivable                                      335,733,881.39       219,585,380.39
    Advance payment                                          264,879,481.56       230,394,610.83
    Premium receivable
    Reinsurance accounts receivable
    Contract reserve of reinsurance receivable
    Interest receivable
    Dividend receivable
    Other receivables                                          36,564,324.29        1,481,952.65
    Financial assets purchased under agreement to resell
    Inventories                                              490,416,052.46       390,476,527.64
    Non-current assets due in one year
    Other current assets
        Subtotal of current assets                          1,922,191,190.37      1,793,481,635.59Non-current assets:
    Disbursement of entrusted loans and advances
    Salable financial assets                                   11,402,137.41       10,926,604.39
    Held-to-maturity investments
    Long-term receivables
    Long-term equity investment                              505,194,026.64       447,852,026.33
    Investment real estate
    Fixed assets                                           3,094,292,338.46      3,313,496,420.90
    Construction in progress                                 223,704,696.08        142,900,085.66
    Engineering material                                       3,706,202.30          1,914,050.52
    Disposal of fixed assets                                     509,074.80
    Productive biological assets
    Oil gas assets
    Intangible assets                                        249,022,804.86       255,416,359.06
    Development expenditure                                   16,527,167.28         8,805,094.96
    Goodwill
    Long-term prepaid expenses                                19,444,638.22        16,776,930.53
    Deferred income tax assets                                 1,011,821.71         1,011,821.71
    Other non-current assets                                      33,770.64
        Subtotal of non-current assets                      4,124,848,678.40      4,199,099,394.06
          Total of assets                                   6,047,039,868.77      5,992,581,029.65
                           上海氯碱化工股份有限公司 2014 年半年度报告Current liabilities:
       Short-term loan                                            550,700,000.00   422,800,855.65
       Loan from central bank
       Customer bank deposits and due to banks and other
       financial institutions
       Loans from financial institutions
       Transactional financial liabilities
       Notes payable
       Accounts payable                                           469,781,427.26   372,058,908.94
       Advance receipts                                           310,613,317.96   331,371,643.21
       Financial assets sold for repurchase
       Handling charges and commission payable
       Staff salary payable                                         3,354,713.38       947,961.82
       Tax payable                                                 16,812,796.23    62,085,362.46
       Interest payable                                             3,209,455.56     3,231,705.95
       Dividend payable                                             2,990,780.97     2,907,553.75
       Other payables                                             741,204,284.33   806,835,168.66
       Reinsurance accounts payable
       Reserve of insurance contract
       Customer brokerage deposits
       Securities underwriting brokerage deposits
       Non-current liabilities due in one year
       Other current liabilities
          Subtotal of current liabilities                       2,098,666,775.69 2,002,239,160.44Non-current liabilities:
       Long-term loan
       Bonds payable
       Long-term payables                                         950,000,000.00   950,000,000.00
       Special payables                                           107,050,000.00    96,000,000.00
       Estimated liabilities
       Liabilities for deferred income tax                          1,822,834.16     1,795,745.90
       Other non-current liabilities                                  930,800.00       930,800.00
                Subtotal of non-current liabilities             1,059,803,634.16 1,048,726,545.90
            Subtotal of liabilities                             3,158,470,409.85 3,050,965,706.34Owner's equity (or shareholders' equity):
       Paid-in capital (or share capital)                       1,156,399,976.00 1,156,399,976.00
       Capital reserves                                         1,593,703,837.37 1,593,255,392.61
       Less: Treasury stock
       Special reserve
       Surplus reserves                                            11,329,760.39    11,329,760.39
       Provision for normal risk
       Undistributed profit                                        32,114,696.89    87,215,874.60
       Converted difference in foreign currency statements
       Owner's equity attributed to parent company              2,793,548,270.65 2,848,201,003.60
       Minority interest                                           95,021,188.27    93,414,319.71
            Total of owner's equity                             2,888,569,458.92 2,941,615,323.31
              Total of liabilities and owner's equity           6,047,039,868.77 5,992,581,029.65
    Legal representative: Mr. Li Jun Principal in charge of accounting: Mr. He Gang     Head of accountingdept.: Mr. Lai Yonghua
                                     Balance Sheet of Parent Company
                            上海氯碱化工股份有限公司 2014 年半年度报告
                                         June 30, 2014Prepared by: Shanghai Chlor-Alkali Chemical Co., Ltd.
                                                                                     Unit: RMB
                            Item                            Closing balance    Beginning balanceCurrent assets:
    Monetary fund                                            388,610,727.49      520,889,380.61
    Transactional financial assets
    Notes receivable                                         340,899,314.51      359,331,691.41
    Accounts receivable                                      253,878,403.17      172,900,894.31
    Advance payment                                          271,084,724.39      223,657,620.42
    Interest receivable
    Dividend receivable
    Other receivables                                         35,743,118.92        1,146,309.00
    Inventories                                              416,554,470.30      318,452,938.40
    Non-current assets due in one year
    Other current assets                                      20,000,000.00        20,000,000.00
        Subtotal of current assets                          1,726,770,758.78     1,616,378,834.15Non-current assets:
    Salable financial assets                                   8,434,584.40        7,516,634.40
    Held-to-maturity investments
    Long-term receivables
    Long-term equity investment                              681,200,686.47      623,858,686.16
    Investment real estate
    Fixed assets                                           2,937,970,062.88     3,147,708,955.11
    Construction in progress                                 211,320,408.46       136,595,991.98
    Engineering material                                       3,706,202.30         1,914,050.52
    Disposal of fixed assets                                     507,596.30
    Productive biological assets
    Oil gas assets
    Intangible assets                                        201,450,550.13      205,724,769.34
    Development expenditure                                   16,527,167.28        8,805,094.96
    Goodwill
    Long-term prepaid expenses                                18,624,234.60       15,829,943.15
    Deferred income tax assets
    Other non-current assets                                      33,770.64
        Subtotal of non-current assets                      4,079,775,263.46     4,147,954,125.62
          Total of assets                                   5,806,546,022.24     5,764,332,959.77Current liabilities:
    Short-term loan                                          492,500,000.00      368,350,855.65
    Transactional financial liabilities
    Notes payable
    Accounts payable                                         433,250,056.24      348,490,583.44
    Advance receipts                                         306,318,546.50      323,823,687.69
    Staff salary payable                                         343,078.76
    Tax payable                                               13,817,600.75       58,852,446.65
    Interest payable                                           3,209,455.56        3,231,705.95
    Dividend payable                                           1,455,904.12        1,372,676.90
    Other payables                                           769,280,823.71      833,863,795.45
    Non-current liabilities due in one year
    Other current liabilities
                            上海氯碱化工股份有限公司 2014 年半年度报告
         Subtotal of current liabilities                   2,020,175,465.64     1,937,985,751.73Non-current liabilities:
       Long-term loan
       Bonds payable
       Long-term payables                                    950,000,000.00       950,000,000.00
       Special payables                                      107,050,000.00        96,000,000.00
       Estimated liabilities
       Liabilities for deferred income tax                      1,107,687.66          969,995.16
       Other non-current liabilities                              930,800.00          930,800.00
         Subtotal of non-current liabilities               1,059,088,487.66     1,047,900,795.16
            Subtotal of liabilities                        3,079,263,953.30     2,985,886,546.89Owner's equity (or shareholders' equity):
       Paid-in capital (or share capital)                  1,156,399,976.00     1,156,399,976.00
       Capital reserves                                    1,599,865,166.70     1,599,084,909.20
       Less: Treasury stock
       Special reserve
       Surplus reserves                                       11,329,760.39        11,329,760.39
       Provision for normal risk
       Undistributed profit                                  -40,312,834.15        11,631,767.29
    Subtotal of owner's equity (or shareholders' equity)      2,727,282,068.94     2,778,446,412.88Total of liabilities and owner's equity (or shareholders'
                                                           5,806,546,022.24     5,764,332,959.77equity)
    Legal representative: Mr. Li Jun Principal in charge of accounting: Mr. He Gang    Head of accountingdept.: Mr. Lai Yonghua
                                 Consolidated Income Statement
                                      January to June 2014
                                                                                     Unit: RMB
                                                                 Amount of         Amount of
                            Item
                                                               current period    previous period
    1. Gross operating income                                    2,999,608,615.72   3,154,708,285.63
    Incl.: Operating income                                   2,999,608,615.72   3,154,708,285.63
           Interest income
           Earned premium
           Income from handling charges and commissions
    2. Gross operating cost                                      3,075,057,115.82   3,182,925,948.35
    Incl.: Operating cost                                     2,735,822,866.52   2,869,885,871.18
           Interest expense
           Expenditure for handling charges and commissions
           Surrenders
           Net payment of claims
           Net reserve of insurance contract appropriated
           Policy dividend expenditure
           Reinsurance premium
           Business tax and extra                                 9,717,528.42     10,602,483.47
           Selling expenses                                     102,273,725.99     87,607,814.61
           Management expenses                                  173,299,334.53    159,383,395.85
           Financial expenses                                    53,943,660.36     55,446,383.24
           Loss from depreciation of assets
                             上海氯碱化工股份有限公司 2014 年半年度报告
    Plus: Income from change of fair value (for loss filled in "
           -")
           Investment income (for loss filled in "-")            27,942,000.31           38,024,926.29
    Incl.: Investment income from affiliated enterprises and
                                                                  27,342,000.31           37,076,163.44
           joint ventures
           Exchange gain (for loss filled in "-")
    3. Operating profit (for loss filled in "-")                   -47,506,499.79            9,807,263.57
    Plus: Non-operating income                                     2,271,433.18              364,320.06
    Less: Non-operating expenses                                      93,897.00              114,115.06
    Incl.: Loss from disposal of non-current assets                   13,897.00
    4. Gross profit (for gross loss filled in "-")                 -45,328,963.61           10,057,468.57
    Less: Income tax expenses                                     2,383,345.66            2,032,517.83
    5. Net profit (net loss filled in "-")                         -47,712,309.27            8,024,950.74
    Net profit attributed to parent company's owners             -49,319,177.83            4,005,046.69
    Minority's profit and loss                                     1,606,868.56            4,019,904.056. Earnings per share:
    1) Basic earnings per share                                            -0.0426                  0.0035
    2) Diluted earnings per share                                          -0.0426                  0.0035
    7. Other composite income                                           448,444.76             -625,822.39
    8. Total amount of composite income                             -47,263,864.51            7,399,128.35Total composite income attributed to owners of parent
                                                                 -48,870,733.07            3,379,224.30company
    Total composite income attributed to minority shareholders        1,606,868.56            4,019,904.05
    Legal representative: Mr. Li Jun Principal in charge of accounting: Mr. He Gang           Head of accountingdept.: Mr. Lai Yonghua
                               Income Statement of Parent Company
                                       January to June 2014
                                                                                            Unit: RMB
                                                                          Amount of           Amount of
                               Item
                                                                       current period      previous period
    1. Operating income                                                   2,779,815,871.93    2,663,293,798.77
    Less: Operating cost                                               2,560,194,870.83    2,431,190,571.71
           Business tax and extra                                          8,102,116.01        8,778,233.13
           Selling expenses                                               93,762,818.29       80,626,215.44
           Management expenses                                           141,008,324.99      128,757,453.02
           Financial expenses                                             52,312,343.68       53,541,847.21
           Loss from depreciation of assets
    Plus: Income from change of fair value (for loss filled in "-")
           Investment income (for loss filled in "-")                   27,942,000.31        37,689,412.51
    Incl.: Investment income from affiliated enterprises and joint
                                                                         27,342,000.31        37,076,163.44
           ventures
    2. Operating profit(for loss filled in "-")                           -47,622,601.56       -1,911,109.23
    Plus: Non-operating income                                             1,540,000.00          123,379.33
    Less: Non-operating expenses                                              80,000.00            3,500.00
    Incl.: Loss from disposal of non-current assets
    3. Gross profit (for total loss filled in "-")                         -46,162,601.56       -1,791,229.90
    Less: Income tax expenses                                                      0.00                0.00
                            上海氯碱化工股份有限公司 2014 年半年度报告
    4. Net profit (for net loss filled in "-")                        -46,162,601.56     -1,791,229.905. Earnings per share:1) Basic earnings per share2) Diluted earnings per share
    6. Other composite income                                              780,257.50     -1,394,204.68
    7. Total amount of composite income                                -45,382,344.06     -3,185,434.58
    Legal representative: Mr. Li Jun Principal in charge of accounting: Mr. He Gang    Head of accountingdept.: Mr. Lai Yonghua
                                Consolidated Cash Flow Statement
                                       January to June 2014
                                                                                        Unit: RMB
                                                                       Amount of          Amount of
                               Item
                                                                     current period     previous period1. Cash flow from operating activities:
    Cash received from sale of goods and rendering of service        3,220,478,350.38   3,525,894,592.01
    Net increase of customers' deposit and deposit from same trade
    Net increase of loan from central bank
    Net increase of fund lent from other financial institutions
    Cash received from premium of original insurance contract
    Net cash received from reinsurance business
    Net increase of policyholder's deposits and investments
    Net increase in disposal of transactional financial assets
    Cash from receipt of interest, handling charge and commission
    Net increase of loans from financial institutions
    Net increase of fund for repurchase business
    Tax rebates received                                                   174,418.82         474,830.47
    Other cash related to operating activities received                 28,038,079.06      35,756,278.21
         Subtotal of cash inflow from operating activities           3,248,690,848.26   3,562,125,700.69
    Cash paid for purchase of goods and acceptance of service        2,830,452,562.49   2,861,818,951.69
    Net increase of customer loan and advances
    Net increase of deposit in central bank and same trade
    Cash for payment of claims due to original insurance contract
    Cash for payment of interest, handling charge and commission
    Cash for payment of policy dividend
    Cash paid to or for employees                                      165,641,377.26     241,884,852.46
    Cash paid for taxes and surcharges                                 162,008,806.77     122,996,278.85
    Other cash paid related to operating activities                     92,083,472.39      97,548,292.20
         Subtotal of cash outflow from operating activities          3,250,186,218.91   3,324,248,375.20
            Net cash flow from operating activities                     -1,495,370.65     237,877,325.492. Cash flow from investment activities:
    Cash received from disinvestment                                                         307,808.78
    Cash received from investment income                                  600,000.00          59,386.80
    Net cash received from disposal of fixed assets, intangible
                                                                           13,000.00          14,294.50
    assets and other long-term assets
    Net cash received from disposal of subsidiaries and other
                                                                                            2,545,251.72
    business units
    Other cash related to investment activities received                                      23,300.00
         Subtotal of cash inflow from investment activities               613,000.00       2,950,041.80
    Cash paid for purchase of fixed assets, intangible assets and     179,100,774.45     199,933,000.20
                            上海氯碱化工股份有限公司 2014 年半年度报告
    other long-term assets
    Cash paid for investment                                           30,000,000.00
    Net increase of pledge loan
    Net cash paid for acquisition of subsidiaries and other business
    units
    Other cash paid related to investment activities                                           5,000.00
          Subtotal of cash outflow from investment activities         209,100,774.45    199,938,000.20
            Net cash flow from investment activities                 -208,487,774.45   -196,987,958.403. Cash flow from financing activities:
    Cash received from capital contributions                                                100,000.00
    Incl.: Cash received by subsidiaries from capital contributions
                                                                                            100,000.00
           of minority shareholders
    Cash received from loan                                           542,150,000.00    498,650,000.00
    Cash received from issuing bonds
    Other cash received related to financing activities                11,050,000.00             170.39
          Subtotal of cash inflow from financing activities           553,200,000.00    498,750,170.39
    Cash paid for debt settlement                                     414,250,855.65    625,705,075.14
    Cash paid for distribution of dividend or profit or for payment
                                                                       60,074,928.06     54,545,214.89
    of interest
    Incl.: Dividend and profit paid by subsidiaries to minority
                                                                                             27,339.28
            shareholders
    Other cash paid related to financing activities                                            3,180.00
          Subtotal of cash outflow from financing activities          474,325,783.71    680,253,470.03
            Net cash flow from financing activities                    78,874,216.29   -181,503,299.644. Impact of change in exchange rate on cash and cash
                                                                          -96,739.69     -3,300,784.66
    equivalents
    5. Net increase in cash and cash equivalents                        -131,205,668.50   -143,914,717.21
    Plus: Beginning balance of cash and cash equivalents              573,468,453.52    573,937,087.33
    6. Closing balance of cash and cash equivalents                      442,262,785.02    430,022,370.12
    Legal representative: Mr. Li Jun Principal in charge of accounting: Mr. He Gang      Head of accountingdept.: Mr. Lai Yonghua
                            Cash Flow Statement of Parent Company
                                     January to June 2014
                                                                                       Unit: RMB
                                                                     Amount of          Amount of
                               Item
                                                                   current period     previous period1. Cash flow from operating activities:
    Cash received from sale of goods and rendering of service     3,019,013,849.03    3,089,841,788.00
    Tax rebates received
    Other cash related to operating activities received              27,450,112.43       32,704,326.06
         Subtotal of cash inflow from operating activities        3,046,463,961.46    3,122,546,114.06
    Cash paid for purchase of goods and acceptance of service     2,701,488,144.39    2,535,298,831.39
    Cash paid to or for employees                                   121,785,570.89      175,743,794.82
    Cash paid for taxes and surcharges                              145,500,982.90      104,498,658.54
    Other cash paid related to operating activities                  83,444,667.33       60,007,713.18
         Subtotal of cash outflow from operating activities       3,052,219,365.51    2,875,548,997.93
           Net cash flow from operating activities                   -5,755,404.05      246,997,116.132. Cash flow from investment activities:
    Cash received from disinvestment                                                       307,808.78
    Cash received from investment income                                 600,000.00        305,440.29
                                      上海氯碱化工股份有限公司 2014 年半年度报告
       Net cash received from disposal of fixed assets, intangible
                                                                                                 1,294.50
       assets and other long-term assets
       Net cash received from disposal of subsidiaries and other
       business units
       Other cash related to investment activities received                                     23,300.00
             Subtotal of cash inflow from investment activities              600,000.00        637,843.57
       Cash paid for purchase of fixed assets, intangible assets and
                                                                         173,186,509.08   191,957,659.97
       other long-term assets
       Cash paid for investment                                           30,000,000.00    21,000,000.00
       Net cash paid for acquisition of subsidiaries and other business
       units
       Other cash paid related to investment activities                                          5,000.00
             Subtotal of cash outflow from investment activities         203,186,509.08   212,962,659.97
               Net cash flow from investment activities                 -202,586,509.08  -212,324,816.40
    3. Cash flow from financing activities:
       Cash received from capital contributions
       Cash received from loan                                           486,500,000.00   440,000,000.00
       Cash received from issuing bonds
       Other cash received related to financing activities                11,050,000.00
             Subtotal of cash inflow from financing activities           497,550,000.00   440,000,000.00
       Cash paid for debt settlement                                     362,350,855.65   555,505,075.14
       Cash paid for distribution of dividend or profit or for payment
                                                                          59,039,144.65    51,794,489.74
       of interest
       Other cash paid related to financing activities
             Subtotal of cash outflow from financing activities          421,390,000.30   607,299,564.88
               Net cash flow from financing activities                    76,159,999.70  -167,299,564.88
    4. Impact of change in exchange rate on cash and cash
                                                                             -96,739.69     -3,300,784.66
        equivalents
    5. Net increase in cash and cash equivalents                        -132,278,653.12  -135,928,049.81
       Plus: Beginning balance of cash and cash equivalents              520,889,380.61   495,362,517.37
    6. Closing balance of cash and cash equivalents                      388,610,727.49   359,434,467.56
    Legal representative: Mr. Li Jun Principal in charge of accounting: Mr. He Gang      Head of accounting
    dept.: Mr. Lai Yonghua
                              Consolidated Statement of Changes in Owners' Equity
                                               January to June 2014
                                                                                                             Unit: RMB
                                                                    Amount of current period
                                       Owner's equity attributed to parent company
       Item                                                                                                           Total of owner's
                       Paid-in capital (or                                        Undistributed   Minority interest
                                            Capital reserves Surplus reserves                                         equity
                         share capital)                                                profit1. Balance at end
                       1,156,399,976.00    1,593,255,392.61     11,329,760.39    87,215,874.60    93,414,319.71       2,941,615,323.31
    of last year
    Plus: Change in
    accounting
    policy
    Correction     of
    errors         in
    previous period
    Other2. Balance at
                       1,156,399,976.00    1,593,255,392.61     11,329,760.39    87,215,874.60    93,414,319.71       2,941,615,323.31
    beginning of the
                                    上海氯碱化工股份有限公司 2014 年半年度报告
    year3. Increase or
    decrease of
    current period                              448,444.76                     -55,101,177.71    1,606,868.56     -53,045,864.39
    (for decrease
    filled in "-")
    1) Net profit                                                                 -49,319,177.83    1,606,868.56     -47,712,309.272) Other composite
                                               448,444.76                                                           448,444.76
    incomeSubtotal of above
                                               448,444.76                     -49,319,177.83    1,606,868.56     -47,263,864.511) and 2)3) Capital
    contributed or
    reduced by the
    owner(1) Capital
    contributed by
    the owner(2) Payment for
    shares attributed
    into owner's
    equity(3) Other4) Profit
                                                                               -5,781,999.88                      -5,781,999.88
    distribution(1) Appropriated
    surplus reserves(2) Appropriated
    provision for
    normal risk(3) Distribution to
    owners (or                                                                  -5,781,999.88                      -5,781,999.88
    shareholders)(4) Other5) Internal transfer
    of owner's
    equity(1) Capital
    reserves
    transferred into
    capital (or share
    capital)(2) Surplus
    reserves
    transferred into
    capital (or share
    capital)(3) Surplus
    reserves
    covering loss(4) Other6) Special reserve(1) Appropriated in
    current period(2) Used in current
    period7) Other4. Closing balance
                       1,156,399,976.00   1,593,703,837.37    11,329,760.39   32,114,696.89    95,021,188.27   2,888,569,458.92
    of current period
                                       上海氯碱化工股份有限公司 2014 年半年度报告
                                                                                                              Unit: RMB
                                                               Amount at same period of last year
                                       Owner's equity attributed to parent company
        Item                                                                                          Minority      Total of owner's
                        Paid-in capital (or                                        Undistributed
                                             Capital reserves Surplus reserves                        interest           equity
                          share capital)                                              profit1. Balance at end
                        1,156,399,976.00    1,590,142,742.37     10,384,738.92    71,537,113.31     80,230,030.92   2,908,694,601.52
    of last year
    Plus: Change in
    accounting
    policy
    Correction      of
    errors          in
    previous period
    Other2. Balance at
    beginning of the     1,156,399,976.00    1,590,142,742.37     10,384,738.92    71,537,113.31     80,230,030.92   2,908,694,601.52
    year3. Increase or
    decrease of
    current period                                 -625,822.39                      4,005,046.69     11,694,344.26     15,073,568.56
    (for decrease
    filled in "-")
    1) Net profit                                                                      4,005,046.69      4,019,904.05       8,024,950.742) Other composite
                                                  -625,822.39                                                           -625,822.39
    incomeSubtotal of above
                                                  -625,822.39                      4,005,046.69      4,019,904.05       7,399,128.351) and 2)3) Capital
    contributed or
                                                                                                     7,701,779.49       7,701,779.49
    reduced by the
    owner(1) Capital
    contributed by                                                                                    7,701,779.49       7,701,779.49
    the owner(2) Payment for
    shares attributed
    into owner's
    equity(3) Other4) Profit
                                                                                                       -27,339.28         -27,339.28
    distribution(1) Appropriated
    surplus reserves(2) Appropriated
    provision for
    normal risk(3) Distribution to
    owners (or                                                                                          -27,339.28         -27,339.28
    shareholders)(4) Other5) Internal transfer
    of owner's
    equity(1) Capital
    reserves
    transferred into
    capital (or share
    capital)(2) Surplus
    reserves
                                         上海氯碱化工股份有限公司 2014 年半年度报告
    transferred into
    capital (or share
    capital)(3) Surplus
    reserves
    covering loss(4) Other6) Special reserve(1) Appropriated in
    current period(2) Used in current
    period7) Other4. Closing balance
                           1,156,399,976.00    1,589,516,919.98    10,384,738.92    75,542,160.00     91,924,375.18     2,923,768,170.08
    of current period
    Legal representative: Mr. Li Jun                 Principal in charge of accounting: Mr. He Gang                Head of accounting
    dept.: Mr. Lai Yonghua
                             Statement of Changes in Owners' Equity of Parent Company
                                                January to June 2014
                                                                                                                    Unit: RMB
                                                                       Amount of current period
         Item                 Paid-in capital (or                                                 Undistributed        Total of owner's
                                                       Capital reserves     Surplus reserves
                                share capital)                                                       profit                 equity1. Balance at end of
    last year                 1,156,399,976.00        1,599,084,909.20       11,329,760.39         11,631,767.29      2,778,446,412.88
    Plus: Change in
    accounting policy
    Correction         of
    errors in previous
    period
    Other2. Balance at
    beginning of the          1,156,399,976.00        1,599,084,909.20       11,329,760.39         11,631,767.29      2,778,446,412.88
    year3. Increase or
    decrease of current
    period (for                                              780,257.50                         -51,944,601.44          -51,164,343.94
    decrease filled in "
    -")
    1) Net profit                                                                                  -46,162,601.56          -46,162,601.562) Other composite
    income                                                   780,257.50                                                      780,257.50Subtotal of above 1)
    and 2)                                                      780,257.50                         -46,162,601.56          -45,382,344.063) Capital contributed
    or reduced by the
    owner(1) Capital
    contributed by the
    owner(2) Payment for
    shares attributed
    into owner's equity(3) Other
    4) Profit distribution                                                                            -5,781,999.88         -5,781,999.88(1) Appropriated
                                      上海氯碱化工股份有限公司 2014 年半年度报告
    surplus reserves(2) Appropriated
    provision for
    normal risk(3) Distribution to
    owners (or                                                                             -5,781,999.88         -5,781,999.88
    shareholders)(4) Other5) Internal transfer of
    owner's equity(1) Capital reserves
    transferred into
    capital (or share
    capital)(2) Surplus reserves
    transferred into
    capital (or share
    capital)(3) Surplus reserves
    covering loss(4) Other6) Special reserve(1) Appropriated in
    current period(2) Used in current
    period7) Other4. Closing balance of
    current period          1,156,399,976.00      1,599,865,166.70     11,329,760.39      -40,312,834.15     2,727,282,068.94
                                                                                                           Unit: RMB
                                                            Amount at same period of last year
         Item              Paid-in capital (or                                             Undistributed     Total of owner's
                                                  Capital reserves    Surplus reserves
                             share capital)                                                    profit             equity1. Balance at end of
    last year               1,156,399,976.00      1,597,355,411.76     10,384,738.92       3,126,574.04     2,767,266,700.72
    Plus: Change in
    accounting policy
    Correction         of
    errors in previous
    period
    Other2. Balance at
    beginning of the        1,156,399,976.00      1,597,355,411.76     10,384,738.92       3,126,574.04     2,767,266,700.72
    year3. Increase or
    decrease of current
    period (for                                      -1,394,204.68                        -1,791,229.90        -3,185,434.58
    decrease filled in "
    -")
    1) Net profit                                                                            -1,791,229.90        -1,791,229.902) Other composite
    income                                           -1,394,204.68                                             -1,394,204.68Subtotal of above 1)
    and 2)                                              -1,394,204.68                        -1,791,229.90        -3,185,434.583) Capital contributed
    or reduced by the
    owner(1) Capital
    contributed by the
                                   上海氯碱化工股份有限公司 2014 年半年度报告
    owner(2) Payment for
    shares attributed
    into owner's equity(3) Other4) Profit distribution(1) Appropriated
    surplus reserves(2) Appropriated
    provision for
    normal risk(3) Distribution to
    owners (or
    shareholders)(4) Other5) Internal transfer of
    owner's equity(1) Capital reserves
    transferred into
    capital (or share
    capital)(2) Surplus reserves
    transferred into
    capital (or share
    capital)(3) Surplus reserves
    covering loss(4) Other6) Special reserve(1) Appropriated in
    current period(2) Used in current
    period7) Other4. Closing balance of
    current period         1,156,399,976.00    1,595,961,207.08   10,384,738.92    1,335,344.14   2,764,081,266.14
    Legal representative: Mr. Li Jun          Principal in charge of accounting: Mr. He Gang   Head of accounting
    dept.: Mr. Lai Yonghua
                             上海氯碱化工股份有限公司 2014 年半年度报告10. Documents for Reference1. Accounting statements signed and sealed by legal representative, principal in charge of accounting
    and chief of accounting department;2. The Articles of Association of Shanghai Chlor-Alkali Co., Ltd. during the report period;3. The formal version of all files and originals of the announcements disclosed in the newspapers
    appointed by China Securities Regulatory Committee during the report period;4. The Company shall furnish the above documents for reference when the China Securities
    Regulatory Committee and the stock exchange request to provide them and the shareholders request
    to consult according to the requirements of the statute or the Articles of Association.
                                                                   Chairman of the Board: Li Jun
                                                            Shanghai Chlor-Alkali Chemical Co., Ltd.
                                                                          August 22, 2014上海氯碱化工股份有限公司 2014 年半年度报告