股票代號: 2386 創建 世界領先 技術先導型 工程公司 年度報告 重要提示 ...

Financial Performance - The company achieved a revenue of 100 billion in 2023[8] - Annual revenue reached RMB 56.221 billion, with a net profit of RMB 2.336 billion, and new contract value of RMB 80.252 billion[10] - Revenue for 2023 increased by 6.0% to RMB 56,220.64 million compared to 2022[17] - Net profit attributable to equity holders of the company rose by 2.2% to RMB 2,335.45 million in 2023[17] - Gross profit margin remained stable at 10.0% in 2023, compared to 10.6% in 2022[23] - Net profit margin slightly decreased to 4.2% in 2023 from 4.3% in 2022[23] - Total assets increased by 3.1% to RMB 72,562.03 million in 2023[16] - Total liabilities grew by 3.2% to RMB 47,968.76 million in 2023[16] - Equity attributable to equity holders of the company increased by 2.7% to RMB 30,842.14 million in 2023[16] - Basic earnings per share (EPS) increased by 2.2% to RMB 0.53 in 2023[17] - Net cash flow from operating activities decreased significantly by 63.0% to RMB 2,516.76 million in 2023[17] - Asset-liability ratio remained stable at 61.9% in 2023, compared to 61.8% in 2022[18] - The company achieved total revenue of RMB 56.221 billion and net profit attributable to shareholders of RMB 2.335 billion[35] - Revenue for 2023 reached RMB 56.22 billion, a 6.0% year-on-year increase, driven by large-scale projects such as Huizhou Ethylene and Zhenhai Base Phase II[59][60] - Gross profit remained stable at RMB 5.61 billion, with a gross margin of 10.0%, down from 10.6% in the previous year[59][61] - Operating profit decreased by 4.6% to RMB 1.73 billion due to increased sales and marketing expenses and other operational costs[59][65] - Net financial income increased by 9.0% to RMB 1.02 billion, primarily due to higher deposit interest income[59][66] - R&D expenses decreased by 14.6% to RMB 2.20 billion as the company optimized R&D investments towards new chemical materials[59][63] - Other income dropped significantly by 92.1% to RMB 24.97 million, mainly due to reduced foreign exchange gains[59][62] - Net profit for the year increased by 2.2% to RMB 2.34 billion, supported by lower tax expenses and improved financial income[59][68] - Total revenue for the group was RMB 56.221 billion, a year-on-year increase of 6.0%[92] - Total revenue for 2023 reached RMB 562.21 billion, a 6.0% increase compared to 2022[96] - Revenue from non-Sinopec Group clients grew by 12.4% to RMB 243.49 billion, driven by projects like Huizhou Ethylene and Saudi Aramco crude oil pumping stations[96] - Total assets increased by RMB 2.29 billion to RMB 809.68 billion, with net assets rising to RMB 308.48 billion[107] - Total assets increased by RMB 2.285 billion to RMB 80.968 billion, primarily due to a RMB 2.961 billion increase in fixed deposits with financial institutions and a RMB 2.567 billion increase in prepayments and other receivables[108] - Total liabilities increased by RMB 1.474 billion to RMB 50.120 billion, mainly driven by a RMB 1.813 billion increase in contract liabilities[108] - Net cash generated from operating activities was RMB 2.517 billion, a significant decrease from RMB 6.809 billion in the previous year[110] - Net cash used in investing activities was RMB 26.639 billion, primarily due to increased expenditures on property, plant, and equipment as well as fixed deposits[111] - Net cash used in financing activities was RMB 16.204 billion, mainly due to dividend payments[111] - The company's net profit margin was 4.2%, slightly down from 4.3% in the previous year[112] - Return on equity remained stable at 7.6%, the same as the previous year[116] - The debt ratio decreased slightly to 0.8%, down 0.1 percentage points from the previous year[117] - The company maintained a net cash position for both 2023 and 2022 year-ends[117] - The current ratio and quick ratio both remained stable at 1.5, unchanged from the previous year[117] International Presence and Contracts - The company has a strong international presence, having delivered hundreds of modern chemical plants in over 20 countries and regions[4] - The company achieved a record high in new contract value, with 27.4% from Sinopec Group, 45.9% from domestic non-Sinopec clients, and 26.7% from overseas clients[10] - Overseas new contracts hit a record high, with EPC (Engineering, Procurement, and Construction) replacing construction contracts as the main business[10] - The company successfully entered the FEED (Front-End Engineering Design) and PMC (Project Management Consultancy) markets in Saudi Arabia and other countries[10] - The company plans to focus on domestic market opportunities in energy efficiency improvement and high-end development, while expanding in the Middle East, Central Asia, Southeast Asia, and Africa[12] - Overseas revenue surged by 34.1% to RMB 5.62 billion, driven by projects such as Saudi Aramco's crude oil pump station upgrade and Saudi Marjan[39] - Overseas newly signed contracts amounted to approximately $2.978 billion, a year-on-year increase of 181.2%, with significant contracts including the Saudi Riyas NGL Project P1 and P2 segments ($1.173 billion) and the Saudi AMIRAL Project ($727 million)[43] - Overseas uncompleted contracts surged by 76.4% to RMB 36.55 billion, indicating strong international expansion[100] - Overseas new contracts grew by 197.8% to RMB 21.45 billion, highlighting significant international market penetration[104] Research and Development - The company identified 11 research and experimental directions, covering high-end, green, and intelligent development in the engineering construction industry[12] - The company signed 258 technology development contracts with a total value of RMB 420 million, and 100 technology licensing and service contracts with a total value of RMB 410 million, both reaching historical highs[46] - The company filed 797 new patent applications, including 574 invention patents, accounting for 72.0% of the total, and was granted 462 patents, including 233 invention patents, accounting for 50.4%[46] - R&D expenses decreased by 14.6% to RMB 2.20 billion as the company optimized R&D investments towards new chemical materials[59][63] - EPC business R&D costs decreased by 11.3% year-on-year to RMB 1.02 billion, reflecting optimized R&D focus on new chemical materials[80] Environmental and Sustainability - The company aims to enhance its service level in safety, efficiency, green, and low-carbon aspects to achieve its vision of becoming a world-leading technology-driven engineering company[4] - Solid waste reuse rate reached 100% with the development of "multi-source solid waste zero-landfill harmless treatment technology"[11] - The company completed the first 10,000-ton photovoltaic green hydrogen demonstration project in China, with an annual hydrogen production capacity of 20,000 tons, marking a significant milestone in green hydrogen production[47] - The company established a key ESG performance indicator system covering greenhouse gas emissions, resource consumption, pollutant emissions, occupational health and safety, and anti-corruption, and integrated these indicators into the assessment system for key management personnel and member companies[53] - The ESG committee reviewed and approved the progress of ESG work at its second meeting on August 18, 2023[186] Corporate Governance - The company's financial report for the year ended December 31, 2023, was audited by BDO Limited and received a standard unqualified audit opinion[2] - The company strictly complied with domestic and overseas securities regulations and continuously improved corporate governance during the reporting period[144] - The company enhanced the training and responsibility awareness of directors, supervisors, and senior management, providing monthly reports to support decision-making[144] - No directors, supervisors, or senior management held shares or interests requiring notification under the Hong Kong Securities and Futures Ordinance during the reporting period[145] - The company appointed four independent non-executive directors, all confirming their independence under the Hong Kong Listing Rules[146] - Independent non-executive directors actively participated in board meetings, provided strategic advice, and maintained effective communication with management and auditors[146] - China Petrochemical Group complied with the non-competition agreement and commitments during the reporting period, as confirmed by independent non-executive directors[147] - The company improved its internal control manual to align with domestic and international regulatory requirements, enhancing risk management and operational efficiency[148] - A three-line defense risk management mechanism was established, with core business departments, support functions, and audit departments each playing distinct roles[149] - The company implemented a two-level internal control evaluation system, with subsidiaries conducting self-assessments and the parent company conducting comprehensive evaluations annually[150] - The company's internal control manual covers all financial reporting requirements and is linked to professional management systems, including fund and asset management, cost accounting, financial analysis, and budget management[151] - No significant or material internal control deficiencies were identified during the reporting period, and all financial reporting-related deficiencies have been rectified[152] - The company has implemented sufficient internal control measures to monitor and comply with sanctions risks, with no violations reported during the period[153] - The Board of Directors reviews the updated internal control manual annually and oversees the implementation and self-assessment of internal controls through the Audit Committee[154] - The company has established a strict insider information management system, requiring senior management and employees to comply with disclosure guidelines and restricting unauthorized use of confidential information[155] - The Board of Directors held 7 meetings in 2023, with meeting materials and data provided to directors 10 days in advance[156] - The Board consists of 11 members, including 4 executive directors, 3 non-executive directors, and 4 independent non-executive directors, ensuring diversity and expertise[158] - The Chairman and CEO have clearly defined responsibilities, and the Chairman emphasizes open communication with independent non-executive directors[158] - All directors are elected through legal procedures, with a term of 3 years, and independent non-executive directors must be re-elected by shareholders after 9 years[158] - Newly appointed directors are provided with detailed information and guidance on regulatory requirements and their rights and responsibilities[158] - The company has established a Nomination Committee chaired by Chairman and Executive Director Jiang Dejun, with independent non-executive directors as members, responsible for recommending candidates for director appointments and succession planning[159] - The Nomination Committee considers candidates' skills, knowledge, experience, qualifications, time commitment, and diversity policy when nominating directors[159] - The Board has formulated a Board Diversity Policy with two measurable objectives: (1) considering diverse candidates for director appointments and (2) annually reviewing the Board's composition and structure[159] - In 2023, the company appointed Ms. Xie Yanli as an executive director through a democratic election process, aligning with the Board Diversity Policy[160] - The current Board composition and structure are deemed suitable for the company's business development needs and provide valuable advice and decision-making oversight[160] - All non-executive directors, including independent non-executive directors, have the same authority as executive directors, with specific additional powers[161] - The company has adopted the Standard Code as the code of conduct for directors' securities transactions, and all directors have confirmed compliance during the reporting period[161] - The company provides training and funding for directors, who actively participate in continuous professional development[161] - The Remuneration Committee, chaired by independent non-executive director Xu Zhaozhong, is responsible for studying and recommending the remuneration structure and policies for directors, supervisors, and senior management[163] - The Remuneration Committee consulted with the Chairman and Vice Chairman on remuneration recommendations for other executive directors and confirmed that executive directors fulfilled their responsibilities in 2023[164] - The company has established a comprehensive risk management process including goal setting, risk identification, risk assessment, risk response, and monitoring and improvement[165] - The company conducts quarterly internal control tests and annual comprehensive evaluations of internal control design and operational effectiveness[166] - The company has a risk management committee responsible for leading the overall risk management and internal control work[165] - The company's internal control system covers all major controls including financial, operational, compliance controls, and risk management functions[166] - The company's audit committee reviews financial statements, internal audit systems, internal control systems, and risk management systems[167] - The company has revised its internal control manual and implemented it online to strengthen internal control management[166] - The company's risk management and internal control evaluation results show no significant deficiencies and overall effectiveness of internal controls[166] - The company's audit committee can hire professionals and appoint advisory members to assist in daily work[167] - The company's risk management and internal control are deeply integrated into daily business management activities[165] - The company's board of directors is the highest decision-making body for comprehensive risk management[165] - The company's audit committee held two meetings with auditors to discuss financial report audits and audit fees, ensuring the adequacy of resources and staff qualifications in accounting, internal audit, and financial reporting functions[168] - The company established a Strategic and Development Committee responsible for long-term development strategies and major capital expenditure and investment decisions[169] - The company's senior management conducts annual roadshows to introduce the company's development strategy and operational performance to investors[171] - The company revised its Articles of Association, Board Meeting Rules, and Supervisory Committee Meeting Rules, adjusting the composition of the board and supervisory committee[171] - The company's 2023 audit fees amounted to RMB 4.57 million, approved by the fourth board of directors' tenth meeting[172] - The company's board of directors consists of executive directors, non-executive directors, and independent non-executive directors, with specific members holding key positions[175] - The company held a total of 7 board meetings during the reporting period, with key decisions including the appointment and dismissal of deputy general managers, approval of financial reports, and setting of operational plans for 2023[177][178] - The board approved the 2023 mid-term financial report, which included the completion of major tasks and financial performance for the first half of the year, as well as the mid-term dividend distribution plan[178] - The company's board of directors established five specialized committees, including the Audit Committee, Compensation Committee, and ESG Committee, which held a total of 7 meetings during the reporting period[183] - The board approved the 2023 production and operation plan, investment plan, and financial budget, as well as the setting of the parent company's performance guarantee limit for 2023[177] - The company's board of directors approved the revision of the company's articles of association and the rules of procedure for board meetings and shareholders' meetings[178] - The board approved the appointment of the company's general manager, financial director, board secretary, and other key positions[178][179] - The company's board of directors approved the 2023 mid-term dividend distribution plan and the implementation plan for share repurchases[178] - The board approved the revision of the company's leadership performance appraisal and compensation management methods, as well as the 2023-2024 term assessment responsibility letters for company leaders[178] - The company's board of directors approved the appointment of the company's general legal counsel and chief compliance officer[178] - The board approved the 2023 mid-term financial report, which included the completion of major tasks and financial performance for the first half of the year, as well as the mid-term dividend distribution plan[178] - The company's 2023 interim dividend distribution plan was approved at the 13th meeting of the fourth board of directors, with a cash dividend of RMB 0.119 per share (tax included)[187] - The proposed final dividend for 2023 is RMB 0.224 per share (tax included), subject to approval at the 2024 annual general meeting[187] - The final dividend for 2023 will be distributed by July 19, 2024, to shareholders registered by May 22, 2024[187] - H-share shareholders must complete share transfer procedures by May 16, 2024, to be eligible for the final dividend[187] - The company is required to withhold a 10% enterprise income tax for non-resident enterprise H-share shareholders when distributing cash dividends[188] - The exchange rate for HKD-denominated dividends will be based on the average RMB-HKD benchmark rate published by the People's Bank of China five working days before the 2024 annual general meeting[188] - The company's dividend policy ensures a minimum cash distribution of 30% of annual net profit attributable to shareholders, subject to financial and operational conditions[187] - The 2023 interim financial report and related audit opinions were approved at the fourth audit committee meeting on August 17, 2023[185] - The mid-term evaluation of the company's 14th Five-Year Plan was reviewed and approved at the second meeting of the fourth strategy and development committee on August 17, 2023[185] - The ESG committee reviewed and approved the progress of ESG work at its second meeting on August 18, 2023[186] Shareholder Information - China Petrochemical Corporation holds 2,967,200,000 domestic shares, accounting for 67.15% of the total share capital[28] - HKSCC Nominees Limited holds 1,442,532,780 H-shares, representing 32.65% of the total share capital[28] - FMR LLC holds 146,096,410 H-shares, accounting for 10.00% of the H-share category and 3.31% of the total share capital[30] - Pandanus Associates Inc., Pandanus Partners L.P., and FIL Limited each hold 87,410,353 H-shares, representing 5.98% of the H-share category and 1.98% of the total share capital[30] - Fidelity Investment Trust holds 73,184,819 H-shares, accounting for 5.01% of the H-share category and 1.66% of the total share capital[30] - The company repurchased a total of 12,823,500 H shares on the Hong Kong Stock Exchange, using a total of HKD 50,082,493.75

股 票 研 究 海 外 公 司 （ 中 国 香 港 ） 证 券 研 究 报 告 [Table_MainInfo] [Table_Title] 中石化炼化工程（2386） 海外市场开拓加速，新签合同超预期 | --- | --- | |-------------------------|------------| | | 石油 | | | | | [Table_Invest] 评级： | 增持 | | 当前价格（港元）： | 4.32 | | | 2024.02.28 | [Table_industryInfo] | --- | --- | |-------------------------------------------------------------------------------|-------------------| | [Table_ 交易数据 Market] \n52 周内股价区间（港元） \n当前股本（百万股） | 3.29-4.44 \n4,419 | | 当前市值（百万港元） | 19,088 | | --- | --- | --- | --- | |----------|-- ...

中 石 化 煉 化 工 程 （ 集 團 ） 股 份 有 限 公 司 ...

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之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 中 石 化 煉 化 工 程（ 集 團 ）股 份 有 限 公 司 SINOPEC Engineering (Group) Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：2386） 2023年半年度業績公告 中石化煉化工程（集團）股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此 宣佈本公司及其附屬公司截至2023年6月30日止六個月之經審計業績。本業績公告列 載本公司2023年半年度報告全文，並符合香港聯合交易所有限公司證券上市規則中 有關中期業績初步公告附載資料之要求。本公司2023年半年度報告的印刷版本將於 2023年8月底寄發予本公司H股股東。 發佈業績公告 本業績公告的中英文版本可在本公司網站( www.segroup.cn)及香港聯合交易所有限公 司網站( www.hkexnews.hk)查閱。在對中英文版本理解上發生歧義時，以中文為準。 承董事會命 ...

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之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 中 石 化 煉 化 工 程（ 集 團 ）股 份 有 限 公 司 SINOPEC Engineering (Group) Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：2386） 截至2022年12月31日止年度業績公告 中石化煉化工程（集團）股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此 宣佈本公司及其附屬公司截至2022年12月31日止年度之經審核業績。本公告列載本 公司2022年度報告全文，並符合香港聯合交易所有限公司證券上市規則中有關年度 業績初步公告附載資料之要求。本公司2022年度報告全文同時刊載於香港聯合交易 所有限公司網站( www.hkexnews.hk)及本公司網站( www.segroup.cn)。本公司2022年 度報告的印刷版本將於2023年4月寄發予本公司H股股東。 發佈業績公告 本業績公告的中英文版本可在本公司網站( www.s ...

股票代號: 2386 2022 年度報告 2013-2023 上市十週年特刊 重要提示 中石化煉化工程（集團）股份有限公司（以下簡稱「中石化煉化工 程」或「本公司」）董事會（以下簡稱「董事會」）及其董事（以下簡 稱「董事」）保證本年度報告所載資料不存在任何虛假記載、誤 導性陳述或重大遺漏，並對其內容的真實性、準確性和完整性 負個別及連帶責任。董事李成峰先生因公務未能出席第四屆董 事會第十次會議（以下簡稱「會議」）。董事李成峰先生授權委託 董事長孫麗麗女士代為出席會議並表決。董事長孫麗麗女士、 董事兼總經理蔣德軍先生、財務總監賈益群先生和會計機構負 責人王義先生保證本年度報告中的財務報告真實、完整。 ...