Welcome to our dedicated page for Sinopec Engr Grp news (Ticker: SENGF), a resource for investors and traders seeking the latest updates and insights on Sinopec Engr Grp stock.
SINOPEC Engineering (Group) Co., Ltd. (SEG), associated with the symbol SENGF, regularly publishes detailed interim and annual results that highlight its activities in the energy and chemical engineering and construction sector. The news surrounding SEG focuses on its performance in engineering, procurement and construction (EPC) projects, front-end engineering work, technology contracts and the development of domestic and overseas markets.
Company news releases describe contract wins and project milestones across refining and petrochemical complexes, LNG and gas processing facilities, coal chemical bases, and new energy and new materials projects. Readers can expect updates on large EPC contracts, such as refinery transformation and upgrading projects, ethylene and aromatics plants, and international projects in regions including Saudi Arabia, Algeria, Kazakhstan and the United Arab Emirates, as reported in SEG’s own announcements.
SEG’s news also emphasizes themes such as technological innovation, ESG performance and internationalization. Announcements discuss technology development and licensing contracts, patent activity, and demonstration projects in areas like biodegradable materials, polyolefin elastomers, solid waste treatment and green hydrogen. They also cover ESG ratings, awards, social responsibility initiatives and the company’s "Green and Clean" strategy.
For investors and observers following SENGF, the news flow provides insight into SEG’s order intake, portfolio of domestic and overseas projects, application of artificial intelligence and digital tools in engineering, and its stated focus on shareholder returns through dividends and share repurchases. This page aggregates such company-issued news so readers can review SEG’s reported progress in engineering and construction, technology, ESG and capital markets over time.
SINOPEC Engineering Group (SENGF) reported strong H1 2025 results with significant growth across key metrics. Revenue increased 10.1% year-over-year to RMB 31.559 billion, while net profit grew 4.8% to RMB 1.388 billion.
The company achieved record-breaking new contract values of RMB 71.158 billion, up 42.1% YoY, with overseas contracts surging 82.7% to USD 4.3 billion. Notable projects include the Maoming Refinery Transformation and Hassi Messaoud Refinery in Algeria. The Board declared an interim dividend of RMB 0.160 per share.
SEG's technology development segment secured new contracts worth RMB 720 million, while maintaining its industry-leading ESG rating of AA. The company established Sinopec Environmental Technology Co., Ltd. to capture environmental management opportunities.
SINOPEC Engineering Group (SEG) has announced strong financial results for 2024, with operating revenue reaching RMB64.198 billion, up 13.9% year-over-year, and net profit of RMB2.474 billion, increasing 5.5%. The company achieved a significant milestone with newly signed contracts valued at RMB100.613 billion, showing a 25.4% growth.
Notable achievements include overseas new orders reaching USD5.349 billion, a 79.6% increase, and technology-related contracts worth RMB1.1 billion, growing over 30%. The company proposed a final dividend of RMB0.208 per share, bringing the total 2024 dividend to RMB0.358 per share with a 65% payout ratio - the highest since listing.
SEG's ESG performance improved with an MSCI rating upgrade to BB level, making it the highest-rated Chinese engineering company. The company successfully entered the RMB100 billion club and maintained strong growth in EPC and front-end business segments.
Sinopec Engineering Group (SEG) announced its interim results for the first half of 2024, reporting revenue of RMB28.553 billion and net profit of RMB1.319 billion. SEG recorded a significant 32.7% year-on-year increase in new contract value, totaling RMB50.066 billion. The board proposed an interim dividend of RMB0.150 per share, with a dividend payout ratio of 50%, and repurchased 13.8 million H shares for HKD67.75 million. SEG's inclusion in the Hang Seng Composite Index reflects high market recognition. Overseas contracts grew by 117.8%, exemplified by a USD900 million EPC contract with Saudi Aramco.
SEG emphasized technological innovation, applying AI and big data to engineering design, and promoting low-carbon services. The company signed RMB551 million in new technology development contracts and filed 440 new patent applications. SEG also achieved breakthroughs in new materials and green energy projects, highlighting its shift towards sustainability. SEG aims to enhance shareholder value through strategic initiatives and international operations in the second half of the year.
Summary not available.