BRIEF-Sinopec Shanghai Petrochemical's 2019 Net Profit Down, Plans Chemical Fibre Project

March 25 (Reuters) - Sinopec Shanghai Petrochemical Co Ltd :

* SAYS 2019 NET PROFIT DOWN 58.1% Y/Y AT 2.2 BILLION YUAN ($310.01 million)

* SAYS IT PLANS TO INVEST ABOUT 3.5 BILLION YUAN IN CHEMICAL FIBRE PROJECTS Source text in Chinese: https://bit.ly/3ahZLtf ; https://bit.ly/39fkCvF Further company coverage: ($1 = 7.0965 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)