Core Viewpoint - Sinopec Engineering (02386) announced the cancellation of 136,500 repurchased shares on August 29, 2025 [1] Company Summary - The company will cancel a total of 136,500 shares that were previously repurchased [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 呈交日期： 2025年8月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02386 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前 ...

Group 1 - China Petroleum & Chemical Corporation (Sinopec) signed a contract with ACWA Power for the front-end engineering design of the green hydrogen/ammonia project in Yanbu, Saudi Arabia, marking a significant milestone in global energy transition [1] - The project will utilize 4.5 GW of electrolytic water hydrogen production facilities and approximately 8,000 tons/day of synthetic ammonia facilities, with an expected annual production of 400,000 tons of green hydrogen and 2.8 million tons of green ammonia by 2030 [1] - The project is positioned to become the world's largest integrated green hydrogen/ammonia production complex, promoting the large-scale development and application of green hydrogen/ammonia technology [1] Group 2 - Sinopec is actively advancing the hydrogen energy industry chain, establishing a green hydrogen production, storage, and transportation innovation consortium, and developing multiple hydrogen fuel cell supply centers and refueling stations [2] - The company has built 11 hydrogen fuel cell supply centers and 144 hydrogen refueling stations, becoming the enterprise with the most operational refueling stations globally [2] - Sinopec has invested in 13 companies across various segments of the hydrogen energy industry chain, including hydrogen production technology, fuel cells, and refueling station construction [2]

Core Viewpoint - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies, which may signal potential investment opportunities or shifts in market sentiment. Group 1: Increased Holdings - Shandong Molong (00568) saw the largest increase in Hong Kong Stock Connect holdings, rising by 3.41% to a total holding of 58.38% [2] - ZTE Corporation (00763) experienced a 2.52% increase, bringing its holding to 54.86% [2] - Lens Technology (06613) increased by 2.22%, with a current holding of 11.01% [2] - Other notable increases include Southern Hang Seng Technology (03033) at +2.08% (60.66%) and Beijing Jingcheng Machinery Electric Company (00187) at +1.35% (49.54%) [2] Group 2: Decreased Holdings - Hang Seng China Enterprises (02828) had the largest decrease, down by 2.31% to 1.02% [2] - The Tracker Fund of Hong Kong (02800) decreased by 0.74%, now holding 1.87% [2] - Li Jin Technology (00558) saw a reduction of 0.69%, with a holding of 14.36% [2] - Other significant decreases include Ping An Good Doctor (01833) at -0.65% (19.25%) and Beijing North Star Company (00588) at -0.59% (41.42%) [2] Group 3: Five-Day Changes - Over the last five trading days, ZTE Corporation (00763) had the highest increase in holdings at +7.26% (54.86%) [3] - Longpan Technology (02465) increased by 6.03% to 51.76% [3] - Tongyuan Kang Pharmaceutical-B (02410) rose by 5.38%, now at 14.68% [3] - Significant decreases included Dongyang Sunshine Pharmaceutical (06887) at -3.85% (44.05%) and Zhejiang Shibao (01057) at -2.73% (55.74%) [3] Group 4: Twenty-Day Changes - Longfei Optical Fiber and Cable (06869) had the largest increase over twenty days at +22.04% (56.07%) [4] - Meizhong Jiahe (02453) increased by 12.55% to 37.75% [4] - Other notable increases include Yimai Sunshine (02522) at +11.66% (40.40%) and Kanglong Chemical (03759) at +9.51% (59.33%) [4] - Decreases over twenty days included Chongqing Steel (01053) at -5.91% (32.47%) and Dongfang Electric (01072) at -5.60% (37.80%) [4]

Group 1 - The State Intellectual Property Office of China has granted a patent for a system and method for ion exchange purification of phosphoric acid post-treatment to Sinopec Nanjing Engineering Co., Ltd. and Sinopec Refining Engineering Group Co., Ltd. The patent number is CN116899258B, with an application date of June 2023 [1] - Sinopec Nanjing Engineering Co., Ltd. was established in 1986 and is primarily engaged in the construction and installation industry. The company has a registered capital of 5,560.05 million RMB and has participated in 5,000 bidding projects, holds 817 patents, and has 65 administrative licenses [1] - Sinopec Refining Engineering Group Co., Ltd. was founded in 2007 and focuses on water management. The company has a registered capital of 44,185.435 million RMB, has invested in 12 enterprises, participated in 63 bidding projects, holds 5,000 patents, and has 4 administrative licenses [1]

Core Insights - The company reported 1H25 results that met expectations, with revenue of 31.6 billion yuan, a 10% year-on-year increase, and a net profit of 1.39 billion yuan, up 5% year-on-year [1][2] - The company achieved a significant increase in new orders, with a 42% year-on-year growth, reaching 71.2 billion yuan, marking a historical high for the same period [1][2] Financial Performance - Revenue for 1H25 was 31.6 billion yuan, with a net profit of 1.39 billion yuan, resulting in an earnings per share of 0.32 yuan, aligning with expectations [1] - Operating cash flow turned positive at 3.3 billion yuan, while financial income decreased by 130 million yuan due to declining interest rates [1] - Gross margin decreased to 8.2%, down 0.4 percentage points, primarily due to underperformance in the construction segment [1] Development Trends - New signed orders reached 71.2 billion yuan, with domestic orders at 40.2 billion yuan and overseas orders at 4.3 billion USD, achieving 64% and 86% of the annual targets respectively [1] - Major new contracts include significant projects with Sinopec and international contracts in Kazakhstan and Algeria [1] EPC Segment Performance - The EPC segment maintained a stable gross margin of 7.5%, with operating profit margin increasing by 1 percentage point to 4.1%, contributing 57% of operating profit [2] - EPC orders accounted for 76% of new signed orders, indicating a strong contribution to high-quality revenue [2] International Business Growth - International revenue increased by 92% year-on-year to 7.4 billion yuan, now representing 23.5% of total revenue, with new overseas contracts exceeding 40% [2] - Collaborations with international leaders are expected to enhance the company's ability to secure high-value overseas projects [2] Profit Forecast and Valuation - The net profit forecast for 2025 has been reduced by 8.5% to 2.64 billion yuan, while the 2026 profit forecast remains largely unchanged [2] - The target price has been adjusted upward by 8.2% to 6.6 HKD, reflecting a valuation of 8.3x P/E for 2026, indicating a potential upside of 6.8% from the current stock price [2]

Group 1 - The State Intellectual Property Office of China granted a patent for a "glass plate liquid level gauge and liquid level measurement method" to China Petroleum & Chemical Corporation, Sinopec Guangzhou Engineering Co., Ltd., and Sinopec Refining Engineering Group Co., Ltd. The patent was applied for on August 2021 [1] - China Petroleum & Chemical Corporation, established in 2000, is primarily engaged in oil and gas extraction, with a registered capital of 12,173,968.9893 thousand RMB. The company has invested in 263 enterprises and participated in 5,000 bidding projects, holding 45 trademark records and 5,000 patent records [1] - Sinopec Guangzhou Engineering Co., Ltd., founded in 1998, focuses on professional technical services, with a registered capital of 30,000 thousand RMB. The company has invested in 2 enterprises and participated in 4,290 bidding projects, holding 4 trademark records and 863 patent records [1] Group 2 - Sinopec Refining Engineering Group Co., Ltd., established in 2007, is primarily engaged in water management, with a registered capital of 441,854.35 thousand RMB. The company has invested in 12 enterprises and participated in 63 bidding projects, holding 5,000 patent records [2]

Core Insights - The company reported a revenue of 31.559 billion RMB, a year-on-year increase of 10.1%, and a net profit of 1.388 billion RMB, up 4.8% year-on-year [1] Group 1: Order Structure Optimization - The company signed new contracts for major projects, achieving a historical high in new contract value of 71.158 billion RMB, a year-on-year increase of 42.1% [2] - The proportion of new contracts in front-end, design, and EPC categories reached 80%, indicating a solid foundation for high-quality growth [2] - Overseas orders saw significant growth, with new contract value reaching 4.3 billion USD, a year-on-year increase of 82.7%, accounting for 43.5% of total new contracts [2] - Notable domestic contracts included the Maoming Ethylene project EPC contract worth approximately 11.631 billion RMB and the Luoyang Ethylene project contract worth approximately 3.291 billion RMB [2] - In emerging business areas, the company signed 197 new contracts with a total value of about 7 billion RMB, including 3.2 billion RMB from clean energy/new energy contracts [2] Group 2: Technological Innovation - The company emphasized project integration innovation and engineering transformation, increasing collaboration with institutions like the Chinese Academy of Sciences and Tsinghua University [3] - Research in artificial intelligence is ongoing, focusing on enhancing design efficiency and optimizing construction processes [3] - The company has made progress in areas such as process optimization, intelligent design review, and smart pipeline design [3] Group 3: Advanced Equipment Development - The company is advancing the development and application of automated welding robots and intelligent construction equipment, effectively reducing costs and improving efficiency [4] - A total of 86 high-efficiency construction equipment applications have been developed, along with guidelines for intelligent equipment applications [4] - The company has set ambitious market development targets of 63 billion RMB domestically and 5 billion USD internationally for the year [4]

Group 1 - Sinopec Engineering Group Co., Ltd. (SEG) is a major integrated engineering service provider and technology patent holder in the refining and chemical engineering market, controlled by China Petroleum & Chemical Corporation [1] - As of August 19, the stock price of Sinopec Engineering was HKD 6.790, up 1.34% from the previous trading day, with an intraday high of HKD 6.890, marking a nearly one-year high [1] - The company has a net inflow of HKD 2.0977 million in capital on the same day, with unspecified amounts of capital flowing in and out [1] Group 2 - The company went public globally in May 2013, issuing 1.328 billion H-shares at an initial price of HKD 10.5 per share, and was listed on the Hong Kong Stock Exchange on May 23, 2013 [2] - SEG holds various qualifications from national and international authorities, enabling it to provide comprehensive services in multiple fields including petroleum refining, petrochemicals, coal chemicals, natural gas chemicals, environmental engineering, and public works [2]

Group 1 - The core point of the news is that Sinopec Ningbo Engineering Co., Ltd., Sinopec Ningbo Technology Research Institute Co., Ltd., and Sinopec Refining Engineering (Group) Co., Ltd. have obtained a patent for a "Low-Carbon High-Temperature Gas-Cooled Reactor Ammonia Synthesis System and Method" [1][2][3] Group 2 - Sinopec Ningbo Engineering Co., Ltd. was established in 2003, located in Ningbo, with a registered capital of 500 million RMB. The company has made investments in 9 enterprises and participated in 5,000 bidding projects, holding 1,136 patents and 32 administrative licenses [1] - Sinopec Ningbo Technology Research Institute Co., Ltd. was established in 2006, also located in Ningbo, with a registered capital of 10 million RMB. The company has participated in 2 bidding projects, holds 1,068 patents, and has 4 administrative licenses [1] - Sinopec Refining Engineering (Group) Co., Ltd. was established in 2007, located in Beijing, with a registered capital of approximately 4.42 billion RMB. The company has invested in 12 enterprises, participated in 63 bidding projects, and holds 5,000 patents along with 4 administrative licenses [2]