格隆汇8月21日丨惠生工程(02236.HK)公告，截至2025年6月30日止六个月，集团录得收益约人民币 3,653.1百万元，同比增加98.8%；毛利约为人民币267.2百万元，同比增加134.0%；母公司拥有人应占溢 利约为人民币74.6百万元（截至2024年6月30日止六个月：母公司拥有人应占亏损约人民币34.3百万 元）。 2025年上半年，集团获得新合同总值约人民币51.1百万元（已扣除估计增值税）。于2025年6月30日， 公司未完成合同总值约为人民币22,121.5百万元（已扣除估计增值税）。 ...

執行董事： 周宏亮先生 （ 董事會主席及行政總裁 ） 鄭世鋒先生 李盾先生 （ 首席財務官 ） 非執行董事： WISON ENGINEERING SERVICES CO. LTD. 惠 生 工 程 技 術 服 務 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：2236） 董事名單與其角色和職能 惠生工程技術服務有限公司董事會（「董事會」）成員載列如下： 劉洪鈞先生 獨立非執行董事： 李磊先生 馮國華先生 郭汝倩女士 施東輝教授 董靜教授 董事會已設立3個董事委員會，董事會成員在該等委員會中所擔任的職能載 列如下： 審核委員會： 李磊先生 （ 委員會主席 ） 馮國華先生 郭汝倩女士 – 1 – 提名委員會： 郭汝倩女士 （ 委員會主席 馮國華先生 李磊先生 薪酬委員會： 馮國華先生 （ 委員會主席 ） 李磊先生 郭汝倩女士 香港，2025年8月21日 – 2 – ） ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 表 明 概 不 就 因 本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損 失 承 擔 任 何 責 任。 WISON ENGINEERING SERVICES CO. LTD. 惠生工程技術服務有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2236） 截 至2025年6月30日止六個月 之中期業績公告 及 委任獨立非執行董事 中期業績 惠 生 工 程 技 術 服 務 有 限 公 司（「本公司」）董 事（個 別 及 統 稱 為「董 事」）會（「董 事 會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本集團」或「集 團」）截 至2025 年6月30日 止 六 個 月（「期 內」或「回顧期內」）的 未 經 審 核 簡 明 綜 合 中 期 業 績， 連同經選定解釋附註及2024年 同 期 相 關 比 較 數 字。 於 本 公 告 內，「我 們」及「惠 生 工 程」指 本 公 司 及 倘 文 義 另 ...

香 港 交易 及 結 算 所 有限 公 司 及 香港 聯 合 交 易 所有 限 公 司 對 本公 告 的 內 容概 不 負 責， 對 其 準 確 性或 完 整 性 亦不 發 表 任 何 聲明 ， 並 明 確 表示 概 不 就 因本 公 告 全部 或 任 何 部 份內 容 而 產 生或 因 倚 賴 該 等內 容 而 引 致 之任 何 損 失 承擔 任何責任。 WISON ENGINEERING SERVICES CO. LTD. 惠 生 工 程 技 術 服 務 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：2236） 周宏亮 香港，二零二五年八月十一日 於 本公 告日 期， 本公 司執 行董 事為 周宏 亮先 生（ 董事 會主 席 ）、鄭 世鋒 先生 及 李 盾先 生 ； 本 公 司非 執 行 董 事為 劉 洪 鈞 先 生； 以 及 本 公 司獨 立 非 執 行董 事為李磊先生、馮國華先生及郭汝倩女士。 惠生工程技術服務有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事 會會議將於二零二五年八月二十一日（ 星期四 ）舉行，藉以（ 其中包括 ）考慮 及 批 准本 公 司 及 其 附屬 公 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 惠生工程技術服務有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02236 | 說明 | | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 4,073,767,800 | | 0 | | 4,073,767,800 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 4,073,767,800 | | 0 ...

Company Overview - Huisheng Engineering (02236.HK) is a leading energy engineering EPC (Engineering, Procurement, and Construction) service provider in China, established in 1997 and listed in Hong Kong in 2012. The company specializes in technical and engineering construction services across five major fields: refining, petrochemicals, coal chemicals, new materials, and new energy [3]. Financial Performance - As of December 31, 2024, Huisheng Engineering reported total revenue of 5.647 billion yuan, representing a year-on-year growth of 46.96%. The net profit attributable to shareholders was 142 million yuan, with a significant increase of 172.21%. The gross profit margin stood at 7.88%, and the debt-to-asset ratio was 78.42% [2]. Stock Performance - Over the past month, Huisheng Engineering has seen a cumulative increase of 1.79%, and since the beginning of the year, the stock has risen by 33.8%, outperforming the Hang Seng Index, which has increased by 16.1% during the same period. The stock closed at 0.305 HKD per share, with a daily increase of 7.02% and a trading volume of 3.504 million shares [1][2]. Valuation Metrics - Currently, there are no institutional investment ratings for Huisheng Engineering. The company's price-to-earnings (P/E) ratio is 7.59, ranking 12th in the oil and gas industry, which has an average P/E ratio of -5.93 and a median of 4.06. Comparatively, other companies in the sector have lower P/E ratios, such as Zhujiang Steel Pipe (0.86) and CGII Holdings (4.06) [3].

Financial Performance - The company's revenue for 2024 reached RMB 5,647,335 thousand, a 47.0% increase from RMB 3,842,719 thousand in 2023[17] - Gross profit for 2024 was RMB 445,216 thousand, compared to RMB 227,202 thousand in 2023, marking a significant improvement[17] - The company reported a profit before tax of RMB 146,016 thousand, recovering from a loss of RMB 202,369 thousand in the previous year[17] - Net profit attributable to shareholders for 2024 was RMB 141,626 thousand, a turnaround from a loss of RMB 196,122 thousand in 2023[17] - Basic and diluted earnings per share for 2024 were both RMB 3.48, compared to a loss of RMB 4.81 per share in 2023[17] - The company's total revenue increased by 47.0% from RMB 3,842.7 million in the previous year to RMB 5,647.3 million in the current year[56] - Gross profit for the year was approximately RMB 445.2 million, up 96.0% from RMB 227.2 million in the previous year, resulting in a gross margin of 7.9% compared to 5.9% last year[57] - Net profit for the year was RMB 134.7 million, with a net profit margin of 2.4%, compared to a loss of RMB 198.4 million in the previous year[79] Assets and Liabilities - Total assets increased to RMB 12,294,126 thousand in 2024 from RMB 9,459,717 thousand in 2023, reflecting a strong growth in asset base[18] - The company's asset-liability ratio was 61.6% as of December 31, 2024, compared to 60.8% in 2023[85] - Cash and bank balances as of December 31, 2024, were RMB 3,802.5 million, representing 46.0% of current assets, up from RMB 901.8 million (16.5%) in 2023[81] Contracts and Projects - The total value of new contracts obtained in 2024 was approximately RMB 10,865.1 million, an increase of 2,563.6% year-on-year[25] - The total value of unfinished contracts as of December 31, 2024, was approximately RMB 25,719.3 million, a 10.6% increase from the previous year[25] - The company achieved 11,368,692 safe man-hours across domestic and international projects, with no lost time incidents or environmental pollution accidents[31] - The company’s overseas business accounted for over 70% of the total new contracts signed in 2024, totaling RMB 10.87 billion[33] Strategic Initiatives - The company established a green hydrogen product technology center during the year to accelerate its green transformation efforts[24] - The company aims to enhance its digital and modular capabilities to strengthen its core competitiveness in the energy and chemical engineering sector[24] - The company is focusing on the hydrogen energy industry chain, accelerating the production, storage, transportation, and application technology breakthroughs[25] - The company has made significant progress in new technologies and products, including biodegradable plastics and carbon reduction technologies[26] - The company plans to complete the Shanghai CO2 capture methanol green chemical demonstration project by November 2024, with trial operations starting in December 2024[28] Research and Development - Research and development costs increased by 45.9% to RMB 188.0 million from RMB 128.8 million[76] - The company has added 13 new authorized patents and filed 15 new patent applications during the reporting period, strengthening its intellectual property and technology reserves[41] Market and Economic Conditions - The global economic recovery remains uneven, impacting the petrochemical energy industry, which is facing challenges from fluctuating oil prices and geopolitical tensions[24] - The Chinese economy grew by 5.0% in 2024, with a total GDP of RMB 134.9 trillion, providing a stable backdrop for the company's operations[24] - The company is optimistic about the global economic recovery in 2025, despite uncertainties, and expects stable growth in the petrochemical industry driven by domestic economic policies[50] Human Resources - The group employed 1,867 staff as of December 31, 2024, an increase from 1,608 in the previous year[98] - Total employee costs for the year amounted to RMB 958.9 million, up from RMB 702.6 million in the previous year[98] - Over 30 key talents and more than 100 senior professionals were recruited to enhance the company's design capabilities and support international business expansion[46] Corporate Governance - The board of directors includes executive directors and independent non-executive directors, with changes in appointments noted[140][144] - The company emphasizes a formal and transparent policy for determining the remuneration of individual directors and employees[145] - All independent non-executive directors have confirmed their independence according to the Hong Kong Stock Exchange Listing Rules[147] Related Party Transactions - The company entered into a one-time related transaction with Huisheng Taizhou for a total contract value of RMB 19,937,000, with potential bonuses of up to RMB 2,000,000, leading to a total receivable amount of RMB 21,937,000[167] - The company has complied with the disclosure requirements for related party transactions as per the listing rules for the year ended December 31, 2024[187]

那么魁省工程去年一年的经营情况主要是新签订单108.7亿销售收入56.5亿净利润1.3亿这也是我们第五年连续魁省四年以后的第一年的盈利然后在市场方面我们主要列出国内开拓海外市场 那么新签订单是108.7亿那么海外主要有尼日利亚的PDH加PP项目的费贷合同费贷合同第二个是在新能源方面我们拿到了土耳其生物质甲醛项目的技术服务合同那么国内主要是目前最大的MTO是广西华裔能化的100万吨甲醛制锡锌工程承包合同 关山电厂的烟气二氧化碳普洁是甲层的换生计师范帮助还有一个是江苏某绿色能源大股项目的技术服务合同那么全球合作版图向众生托转绿色能源革命破解开心那么技术创新这一步新成果2024年新增专利申请15项新增授权专利13项 参与了两项的国家级的重点研发的计划项目一个是二氧化碳加氢高选择性制氢质方钉关键技术第二项是生物质化学链气化制气材油关键技术示范第三方面聚焦新能源绿色低碳技术化工新材料的技术开发和工程化多项技术进入工艺示范和工程转化阶段 下面图示上就是以西法的MMA示范装置二氧化碳加氢是甲醛的示范项目还有3000灯每年的PGA充饰场对新能源技术合作方面我们与清辉能源进行合作对自制交换膜电解水自清领域开展了深度合作形成了P ...

国内领先的能源EPC(设计、采购及施工)服务和技术整合解决方案提供商，惠生工程(2236.HK)近期发布 2024年全年业绩。全年收入约56.5亿元，同比增长47.0%，结束过去下降趋势；归母净利润1.4亿元，同 比扭亏，整体业绩呈现强势反转信号。 核心项目发力，现金流大幅改善 2024年，惠生工程持续聚焦主营业务和优势领域，乙烯与裂解炉、丙烷脱氢(「PDH」)、甲醇制烯烃 (「MTO」)、合成氨等关键产品线保持稳健发展态势。业务板块方面，核心石化板块实现收入约46.6亿 元，同比增长54.7%；煤化工板块收入约8.2亿元，增长33.8%；此外，新能源板块取得突破，录得约 2,680万元收入。 收入端和盈利端明显改善，全年经营活动现金流净额约30.9亿元，较2023年同期的6.5亿大幅增长。截至 2024年底，惠生工程在手现金也激增至38.0亿元，较2023年同期9.0亿增长约322%。 新签订单激增25倍，人才队伍加速扩充 新签订单方面合计约108.7亿元，同比增长2,563.6%，增幅相当喜人。目前公司未完成合同总值约257.2 亿元，保障了未来几年的业绩增长。 业务端积极开拓，人才队伍方面也在加速扩充。 ...

Financial Performance - For the year ending December 31, 2024, revenue was approximately RMB 5,647,335,000, an increase of 47.0% compared to RMB 3,842,719,000 in 2023[3] - Gross profit for the year was approximately RMB 445,216,000, representing a 96.0% increase from RMB 227,202,000 in 2023[3] - The company reported a profit of approximately RMB 134,673,000 for the year, compared to a loss of RMB 198,378,000 in 2023[3] - The gross profit margin improved to 7.9% from 5.9% in the previous year[46] - The group achieved a net profit of RMB 134.7 million this year, with a net profit margin of 2.4%, recovering from a loss of RMB 198.4 million in the same period last year, which had a net profit margin of -5.2%[60] - Basic and diluted earnings per share for the year were RMB 3.48, compared to a loss per share of RMB 4.81 in the previous year[80] - The group reported a profit before tax of RMB 146.0 million, compared to a loss before tax of RMB 202.4 million in the previous year[80] - Total comprehensive income for the year was RMB 204.5 million, a turnaround from a total comprehensive loss of RMB 126.8 million in 2023[81] Contract and Project Management - The total value of new contracts for the year was approximately RMB 10,865,107,000, a significant increase of 2,563.6% from RMB 407,911,000 in 2023[7] - As of December 31, 2024, the total value of unfinished contracts was approximately RMB 25,719,315,000, an increase of 10.6% from RMB 23,255,794,000 as of December 31, 2023[7] - The company achieved 100% completion in design work for the Yangmei synthetic gas transformation project, with procurement at 92% and construction progress at 87%, aiming for completion in 2025[12] - The company completed 100% of design work and 67% of procurement for the Guangxi Huayi MTO project, with construction progress at 50%, targeting intermediate handover by December 2025[13] - The company plans to complete the Saudi Aramco DPCU project by October 2025, with design completed at 100%, procurement at 97%, and construction progress at 53%[12] - The Qatar EPC4 sulfur processing project is 57% complete, with design at 96%, procurement at 69%, and construction at 36%[14] Market Expansion and Strategy - The company is focusing on core business areas such as ethylene and cracking furnaces, propane dehydrogenation (PDH), and methanol-to-olefins (MTO) while also expanding into new energy and new materials[11] - The company is actively participating in global hydrogen and ammonia projects, aiming to secure EPC contracts in 2025[22] - The company secured a FEED contract for the Nigeria PDH+PP project, expected to convert into a lump-sum contract by 2025, and is tracking multiple LNG project opportunities in Nigeria to expand its market presence in Africa[23] - The company is focusing on expanding its overseas market strategy from "single-point breakthroughs" to "regional interactions," aiming for large-scale development in new energy projects[27] - The company plans to continue its market expansion efforts, particularly in the Middle East and Asia-Europe regions, to capitalize on growth opportunities[104] Research and Development - Research and development costs increased to RMB 188.0 million from RMB 128.8 million in the previous year[57] - The company has developed a new generation of energy-saving butene dehydrogenation catalysts, which reduce steam consumption by 30% and wastewater by 40%, enhancing its competitive edge in the butadiene technology sector[31] - The company is actively promoting biodegradable plastics and has completed the second phase of trials for a pilot plant in collaboration with Inner Mongolia Rongxin Chemical, with commercialization expected by 2025[29] - During the reporting period, the company added 13 authorized patents and submitted 15 new patent applications, strengthening its intellectual property and technology reserves[32] Financial Position and Assets - Total assets as of December 31, 2024, amounted to RMB 12,294,126, an increase from RMB 9,459,717 in 2023, reflecting a growth of approximately 30%[94][95] - The company's total liabilities were RMB 9,640,863 as of December 31, 2024, compared to RMB 7,010,934 in 2023, representing an increase of about 38%[94][95] - Current assets rose significantly from RMB 5,476,777 thousand in 2023 to RMB 8,275,207 thousand in 2024, marking an increase of about 50.5%[82] - The company's total equity increased from RMB 2,448,783 thousand in 2023 to RMB 2,653,263 thousand in 2024, reflecting a growth of approximately 8.3%[83] Human Resources and Management - Over 30 key talents and more than 100 senior talents were recruited throughout the year to enhance the design team's capabilities and support the company's future development[38] - The group employed 1,867 employees as of December 31, 2024, compared to 1,608 employees as of December 31, 2023, reflecting a growth of approximately 16.1%[79] - The board of directors believes that having the same person serve as both chairman and CEO helps execute the group's business strategy and enhance operational efficiency[133] Compliance and Governance - The audit committee, composed of three independent non-executive directors, has reviewed the annual performance and consolidated financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards and regulations[136] - The company has adopted the standard code for directors' securities transactions and confirmed compliance by all directors during the year[134] - The company has maintained at least 21.87% of sufficient public float, meeting the minimum public holding requirement set by the Hong Kong Stock Exchange[142] Economic Context - The Chinese economy grew by 5.0% in 2024, with a total GDP of RMB 134.9 trillion, providing a stable backdrop for the company's operations[8] - The global economy is expected to show moderate recovery in 2025, with significant growth differentiation and various uncertainties, including geopolitical conflicts and supply chain restructuring[41] - The petrochemical industry is anticipated to continue stable growth, supported by domestic economic policy stimulation and the acceleration of refining transformation[42] - Hydrogen energy is highlighted as a key direction for global energy technology reform, with the country expected to promote the industrialization of hydrogen energy development vigorously[42]