Financial Performance - In 2025, the company achieved a revenue of RMB 70.074 billion and a net profit of RMB 1.807 billion[21] - Revenue for 2025 reached RMB 70.074 billion, representing a 9.2% increase compared to RMB 64.198 billion in 2024[32] - The company's gross profit for 2025 was RMB 5.177 billion, showing a decrease of 3.0% from RMB 5.336 billion in 2024[32] - Operating profit decreased by 25.4% to RMB 1.279 billion in 2025 from RMB 1.715 billion in 2024[32] - Net profit attributable to equity holders was RMB 1.798 billion in 2025, down 27.1% from RMB 2.466 billion in 2024[32] - The total revenue for the reporting period was RMB 70.074 billion, with a net profit of RMB 1.807 billion, and profit attributable to shareholders was RMB 1.798 billion[53] - The net profit margin decreased to 2.6% in 2025 from 3.9% in 2024[127] - Operating profit for the period was RMB 1.28 billion, reflecting a year-on-year decline of 25.4%[92] - Net financial income decreased to RMB 980.99 million, down 13.3% year-on-year, primarily due to lower deposit interest rates[93] - The income tax expense increased to RMB 435.47 million, a year-on-year growth of 15.1%, with the effective tax rate rising from 13.3% to 19.4%[94] Dividends and Shareholder Returns - The company proposed a final dividend of RMB 0.104 per share, with a total payout ratio of 88% when including the interim dividend[21] - The total dividend distribution for the year is RMB 0.358 per share, reflecting a stable payout compared to the previous year[21] - The company emphasizes a high dividend policy to share the results of high-quality development with shareholders[21] - The proposed cash dividend for the year-end 2025 is RMB 0.104 per share, with a special cash dividend of RMB 0.094 per share[132] Contracts and Business Development - The total new contracts signed over the past five years amounted to RMB 411.787 billion, generating revenue of RMB 301.413 billion and a profit of RMB 11.034 billion[19] - The company signed new contracts worth RMB 101.248 billion in 2025, maintaining a stable scale for the second consecutive year, with a year-on-year increase in total orders[23] - New contracts signed during the period totaled RMB 101.25 billion, reflecting a modest 0.6% growth from RMB 100.61 billion in the previous year[115] - The overseas segment of new contracts accounted for RMB 38.00 billion, a slight decrease of 1.3% from RMB 38.51 billion[114] - The company signed 348 new contracts in emerging business areas, with a total value of approximately RMB 11 billion, including RMB 1.8 billion from clean energy and RMB 9.2 billion from new materials and technologies[59] Market and Strategic Focus - The company plans to continue its international expansion and technological innovation to adapt to the changing global energy landscape[20] - The company aims to achieve over RMB 100 billion in main business revenue by 2035, with overseas business revenue accounting for more than one-third[25] - The company is experiencing structural opportunities in the global market, particularly in the Middle East and Central Asia, which are expected to enhance investment activity in petrochemical and natural gas sectors[51] - The company has established a balanced layout with one-third of its operations in domestic, international, and overseas markets, enhancing its risk resistance capabilities[23] Environmental and Technological Initiatives - The establishment of Sinopec (Guangdong) Environmental Technology Co., Ltd. aims to enhance the company's capabilities in environmental governance[22] - The company reported a significant focus on green low-carbon innovation and hydrogen energy applications, which are expected to drive business diversification opportunities[51] - The company is actively pursuing digital transformation and upgrading of old equipment, which is expected to enhance operational efficiency and competitiveness[51] - The group has filed 762 new patent applications, including 583 invention patents, as of the end of the reporting period[67] Governance and Compliance - The governance structure has been optimized following the completion of the share transfer from China National Petroleum Corporation[22] - The company has complied with the corporate governance code without any deviations during the reporting period[131] - The independent non-executive directors confirmed that the related party transactions comply with the pricing policy and internal control procedures, ensuring fairness and reasonableness for shareholders[142] - The company has established a comprehensive internal control system in compliance with various regulatory requirements, including the Internal Control Manual[168] Risk Management - The company has adopted a comprehensive risk management process that includes goal setting, risk identification, risk assessment, response, monitoring, and improvement[192] - The risk management and internal control systems are integrated, with specific measures implemented in daily operations to mitigate identified risks[192] - The company conducts quarterly tests of internal controls and annual comprehensive evaluations to ensure effectiveness[192] Shareholder Structure and Transactions - The total number of shares outstanding decreased from 4,397,881,000 to 4,394,024,000, with a reduction of 3,857,000 shares during the reporting period[41] - The proportion of domestic shares held by China Petroleum & Chemical Corporation (Sinopec Group) is 92.59%, representing 2,747,220,000 shares, which accounts for 62.52% of the total share capital[47] - The company repurchased a total of 3,857,000 H-shares during the reporting period, utilizing funds amounting to HKD 21,825,483.35[147] Assets and Liabilities - Total assets as of December 31, 2025, amounted to RMB 912.18 billion, an increase of RMB 97.05 billion compared to RMB 815.13 billion at the end of 2024[117] - The total liabilities as of December 31, 2025, were RMB 594.03 billion, an increase of RMB 94.72 billion from RMB 499.32 billion at the end of 2024[118] - The company's net assets attributable to shareholders increased to RMB 317.42 billion, up by RMB 2.30 billion from RMB 315.81 billion at the end of 2024[119]

Financial Performance - The company signed new contracts totaling RMB 411.787 billion over the past five years, generating revenue of RMB 301.413 billion and profit of RMB 11.034 billion[22]. - The company distributed dividends amounting to RMB 7.463 billion, reflecting its commitment to shareholder value[22]. - In 2025, the company achieved operating revenue of RMB 70.074 billion and net profit of RMB 1.807 billion, with a proposed final dividend of RMB 0.104 per share and a total annual dividend of RMB 0.358 per share, reflecting a payout ratio of 88%[24]. - Revenue for the year ended December 31, 2025, was RMB 70,074,081, representing a 9.2% increase compared to RMB 64,198,210 in 2024[35]. - Net profit attributable to equity holders was RMB 1,797,681, a decrease of 27.1% compared to RMB 2,465,727 in 2024, with basic earnings per share dropping to RMB 0.41[35]. - The net profit for the year was RMB 1.807 billion, with the profit attributable to shareholders amounting to RMB 1.798 billion[56]. - The total revenue for the year ended December 31, 2025, was RMB 70.07 billion, representing a year-on-year growth of 9.2% due to major projects reaching their settlement peak[86]. - The net profit margin decreased to 2.6% in 2025 from 3.9% in 2024[130]. Operational Performance - The company reported a significant increase in operational performance despite a complex external environment, emphasizing high-quality development[23]. - The company signed new contracts worth RMB 101.248 billion in 2025, maintaining a stable scale above RMB 100 billion for the second consecutive year, with over 80% of orders in hand being front-end and EPC projects[26]. - The engineering contracting segment generated RMB 46.208 billion in revenue, accounting for 61.2% of total revenue, with a year-on-year increase of 21.6%[56]. - The construction business generated revenue of RMB 24.58 billion, a decline of 9.9% compared to the previous year[103]. - The equipment manufacturing business achieved revenue of RMB 733.63 million, with a gross margin of 6.4%, an increase of 1 percentage point year-on-year[106]. - The total number of shares outstanding decreased slightly from 4,397,881,000 to 4,394,024,000 due to a reduction in H-shares[44]. Asset and Liability Management - The company’s current assets increased by 13.5% to RMB 83.408 billion in 2025, while non-current assets decreased by 3.0% to RMB 7.810 billion, indicating a shift in asset structure[34]. - The company’s total liabilities increased by 20.1% to RMB 57.457 billion in 2025, reflecting a significant rise in current liabilities[34]. - The debt-to-asset ratio increased to 65.1% in 2025, up from 61.3% in 2024, indicating a higher level of financial leverage[37]. - The total value of uncompleted contracts as of December 31, 2025, is RMB 203.85 billion, representing an 18.1% increase from RMB 172.68 billion as of December 31, 2024[114]. - The company's equity attributable to shareholders increased by 0.7% to RMB 31.742 billion, with net asset value per share rising to RMB 7.22[34]. Strategic Initiatives - The company aims to create a world-leading technology-driven engineering company, focusing on "technology innovation + engineering services" as its development strategy[22]. - The company aims to achieve over RMB 100 billion in main business revenue by 2035, with overseas business revenue accounting for more than one-third of total revenue[28]. - The company is committed to enhancing its strategic leadership and integrated development, focusing on innovation-driven growth and green low-carbon initiatives[28]. - The group has initiated a second phase of actions for creating a green enterprise, focusing on energy conservation and emission reduction measures[59]. - The company aims to enhance high-end service capabilities in consulting, FEED, and detailed design while expanding into new energy sectors such as green hydrogen and green ammonia[77]. Research and Development - The company signed technology development and licensing contracts worth RMB 1.013 billion in 2025, indicating a steady enhancement in its technical innovation capabilities[27]. - The group achieved 37 provincial and above-level awards for technological progress during the reporting period[70]. - A total of 309 new technology development contracts were signed, amounting to RMB 532 million, and 138 technology licensing and transformation contracts worth RMB 481 million were also signed[70]. - The company has developed 86 high-efficiency construction equipment items and improved the automatic welding application rate to 26%[73]. - The establishment of a digital twin intelligent operation and maintenance platform is underway to enhance remote diagnostics and predictive maintenance capabilities[74]. Corporate Governance - The company has complied with the corporate governance code without any deviations during the reporting period[134]. - The independent non-executive directors have reviewed the related party transactions and confirmed their compliance with pricing policies and internal control procedures[145]. - The company has established a comprehensive internal control system in compliance with various regulatory requirements, including the Internal Control Manual[171]. - The audit committee reviewed the annual report and had no dissenting opinions regarding the financial performance[162]. - The company has implemented effective internal control measures to monitor sanctions risks and ensure compliance with commitments made to the Hong Kong Stock Exchange[176]. Market Expansion - The company has established a strong presence in over 30 countries, delivering hundreds of modern factories with advanced technology and quality[12]. - The group is advancing several key projects, including the Huajin project, which has reached mechanical completion, and the Mango ethylene project, which is over 90% complete[64]. - The group is actively involved in the design and procurement phases of several projects, including the Saudi Jafurah gas expansion project, which has progressed over 40%[66]. - The group has signed significant contracts, including the EPC contract for the Sinopec Maoming Ethylene Project valued at approximately RMB 11.821 billion[61]. - The overseas uncompleted contracts grew by 30.3% to RMB 83.80 billion from RMB 64.30 billion, reflecting successful market expansion efforts[113].

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通知之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本通知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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2386） 中國，北京 中 石 化 煉 化 工 程（ 集 團 ）股 份 有 限 公 司 SINOPEC Engineering (Group) Co., Ltd.* 關於召開董事會的通知 中石化煉化工程（集團）股份有限公司（簡稱「本公司」）謹此公佈，本公司將於2026年 3月13日（星期五）召開董事會，藉以審議並（如認為適當）批准包括本公司及其附屬 公司截至2025年12月31日止的十二個月期間的年度業績，及提請本公司股東於2025 年年度股東會批准2025年股息分派方案之議案。 承董事會命 中石化煉化工程（集團）股份有限公司 尹鳳兵 財務總監、董事會秘書 * 僅供識別 # 執行董事 * 非執行董事 + 獨立非執行董事 2026年3月3日 於本公告日期，本公司的董事為蔣德軍 # 、張新明 # 、向文武*、李成峰*、俞仁明*、葉政 + 、趙勁松 + ...

I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02386 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,426,824,000 | RMB | | 1 | RMB | | 1,426,824,000 | | 增加 / 減少 (-) | | | 219,980,000 | | | | RMB | | 219,980,000 | | 本月底結存 | | | 1,646,804,000 | RMB | | 1 | RMB | | 1,646,804,000 | 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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中石化煉化工程（集團）股 ...

Core Viewpoint - The company reported a steady growth in new contract values, with a total of 101.25 billion yuan for the year ending December 31, 2025, reflecting a 0.6% increase compared to the previous year [1] Group 1: Contract Performance - The total value of new contracts signed by the company reached 1012.48 billion yuan, up from 1006.13 billion yuan for the previous period [1] - The backlog of uncompleted contracts as of December 31, 2025, was 2038.50 billion yuan, an increase of 18.1% from 1726.76 billion yuan the previous year [1] - Domestic new contracts amounted to 632 billion yuan, a year-on-year increase of 2%, while overseas contracts totaled 380 billion yuan, showing a decline of 1.3% [1] Group 2: Sector and Contract Type Analysis - The new contracts were primarily in the refining and petrochemical sectors, with contract values increasing by 77% for refining, while petrochemical, new coal chemical, storage and transportation, and other sectors saw declines of 3%, 34%, and 22% respectively [1] - The total value of engineering general contracting contracts grew to 735 billion yuan, representing a 4% year-on-year increase [1] - Contracts from Sinopec Group and its affiliates accounted for 55% of new contracts, totaling 554 billion yuan, which is a 46% increase year-on-year [1] Group 3: Market Opportunities - The domestic market is experiencing rapid development in the petrochemical industry, with significant capital expenditure in high-end new materials and energy-saving projects [2] - In the overseas market, capital expenditure in the Middle East has exceeded 100 billion USD, with increasing refining capacity in oil-producing countries [2] - The company is expected to benefit from the "Belt and Road" initiative, enhancing its market expansion efforts and positioning for high growth [2] Group 4: Financial Forecast - The company maintains its profit forecast, expecting net profits of 2.595 billion yuan, 2.760 billion yuan, and 2.902 billion yuan for 2025-2027, with corresponding EPS of 0.59, 0.63, and 0.66 yuan per share [2] - The company is backed by Sinopec Group's resource advantages and is expected to continue its growth trajectory amid ongoing market expansion [2]

2026 年 2 月 27 日 公司研究 海内外市场开拓加速，25 年新签合同额稳步提升 ——中石化炼化工程（2386.HK）公告点评 要点 事件：公司发布公告，截至 2025 年 12 月 31 日止十二个月期间，公司新签订合 同总值为 1012.48 亿元，较截至 2024 年 12 月 31 日止十二个月期间的 1006.13 亿元增加 0.6%；于 2025 年 12 月 31 日，公司未完成合同量为 2038.50 亿元， 较 2024 年 12 月 31 日的 1726.76 亿元增加 18.1%。 点评： 新签合同额稳健增长，中石化集团内部合同额占比回升。2025 年，公司国内新 签合同 632 亿元，同比增长 2%，境外新签订合同 380 亿元，同比下降 1.3%， 海外合同占公司新签合同的 38%。2025Q4 单季，公司新签订合同总值为 99.01 亿元。分行业来看，25 年公司新签合同以炼油和石油化工为主，炼油、石油化 工、新型煤化工、储运及其他行业的新签合同额分别同比+77%、-3%、-34%、 -22%。分合同类型看，公司总承包合同持续增长，25 年工程总承包合同额为 735 亿元， ...

本文源自：财华网 【财华社讯】中石化炼化工程(02386.HK)公布，截至2025年12月31日止十二个月期间，集团新签订合同 总值为1012.48亿元(人民币,下同)，同比增加0.6%；于2025年12月31日，集团未完成合同量为2038.50亿 元，同比增加18.1%。 ...

中石化炼化工程(02386)发布公告，截至2025年12月31日止12个月期间，集团新签订合同总值为人民币 1012.48亿元，较截至2024年12月31日止12个月期间的人民币1006.13亿元增加0.6%;于2025年12月31日， 集团未完成合同量为人民币2038.50亿元，较2024年12月31日的人民币1726.76亿元增加18.1%。 ...

智通财经APP讯，中石化炼化工程(02386)发布公告，截至2025年12月31日止12个月期间，集团新签订合 同总值为人民币1012.48亿元，较截至2024年12月31日止12个月期间的人民币1006.13亿元增加0.6%;于 2025年12月31日，集团未完成合同量为人民币2038.50亿元，较2024年12月31日的人民币1726.76亿元增 加18.1%。 ...

格隆汇2月25日丨中石化炼化工程(02386.HK)公告，截至2025年12月31日止十二个月期间，集团新签订 合同总值为人民币1012.48亿元，较截至2024年12月31日止十二个月期间的人民币1006.13亿元增加 0.6%；于2025年12月31日，集团未完成合同量为人民币2,038.50亿元，较2024年12月31日的人民币 1,726.76亿元增加18.1%。 1.与陕煤集团榆林化学有限责任公司("陕煤榆林化学")签订了陕煤榆林化学1500万吨╱年煤炭分质清洁 高效转化示范项目MTO装置及FDPE装置EPC总承包合同，合同金额总计约为人民币27.72亿元；2.与阿 尔及利亚国家石油公司签订了阿尔及利亚奥兰阿尔泽炼厂重整项目EPCC总承包合同，合同额约4.33亿 美元。 新合同价值指集团于特定期间订立的合同价值。合同价值为集团预期按合同条款履行合同后根据合同可 收取的金额。截至2025年12月31日止3个月期间，集团新签订的合同总值为人民币99.01亿元，代表性合 同如下： ...