SINOPEC SEG (02386.HK): nine-month new contracts total RMB61.35bn
NewTimeSpace News: On 21 October 2026, SINOPEC Engineering (Group) Co., Ltd. (stock code: 02386) announced voluntarily that the total value of new contracts entered into by the Group for the nine months ended 30 September 2026 amounted to RMB61.349 billion, of which RMB9.438 billion was signed in the three months ended 30 September 2026.
Representative new contracts in the third quarter include: an EPC contract with Sinopec Qilu Petrochemical for the 1 million tonnes/year ethylene unit, 10 million tonnes/year atmospheric and vacuum distillation unit and 1.5 million tonnes/year continuous reforming unit of the Refining of Local Crude Oil Upgrading and Technical Transformation Project, worth about RMB5.120 billion in aggregate; an EPC contract with Shaanxi Yanchang Petroleum Yulin Coal Chemical for the vinyl acetate integrated unit of the Ethanol and Acetic Acid Downstream Products Project (Phase I), worth about RMB797 million; and an engineering design and technical services contract with Ordos Coal to Liquid Branch of China Shenhua Coal to Liquid and Chemical for certain units of the CHN Energy Ordos Coal Liquefaction Upgrade Demonstration Project, worth about RMB154 million.
By client industry, refining accounted for 13.9%, petrochemicals 55.0%, new coal chemicals 14.2% and storage, transportation and others 16.9%; by region, China accounted for 65.2% and overseas 34.8%; by client, Sinopec Group and its associates accounted for 36.7% and non-Sinopec Group clients 63.3%. The Board stressed that the representative new contracts and the total new contract value do not constitute any profit forecast or prediction of the Group.
