Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 24,829,660, a decrease of 4.3% compared to RMB 25,958,552 in the same period of 2022[14]. - Gross profit for the same period was RMB 2,240,224, down 15.9% from RMB 2,664,294 in 2022[14]. - Operating profit decreased by 15.0% to RMB 992,967 from RMB 1,167,517 in the previous year[14]. - Profit attributable to equity holders of the company was RMB 1,317,070, a decline of 2.9% compared to RMB 1,356,259 in 2022[14]. - Basic earnings per share for the period was RMB 0.30, down from RMB 0.31 in the same period last year[14]. - The total revenue for Sinopec Engineering Group in the first half of 2023 was RMB 24.83 billion, a decrease of 4.3% year-on-year[30]. - The net profit attributable to shareholders was RMB 1.32 billion, down 2.9% compared to the same period last year[30]. - The total revenue for the first half of 2023 was RMB 24,829.66 million, a decrease of 4.3% from RMB 25,958.55 million in the same period of 2022[39]. - The total comprehensive income for the six months ended June 30, 2023, was RMB 1,309,243,000, a decrease of 5.7% compared to RMB 1,388,299,000 in the same period of 2022[168]. - The profit attributable to equity holders of the company for the first half of 2023 was RMB 1,317,070,000, down from RMB 1,356,259,000 in the previous year, reflecting a decline of 2.9%[168]. Cash Flow and Assets - Cash used in operating activities was RMB (1,038,507), an improvement of 24.7% compared to RMB (1,378,489) in 2022[14]. - Current assets as of June 30, 2023, were RMB 69,011,034, a decrease of 1.9% from RMB 70,369,169 at the end of 2022[13]. - Non-current assets decreased by 2.7% to RMB 8,086,978 from RMB 8,313,294 at the end of 2022[13]. - Total assets as of June 30, 2023, amounted to RMB 77.10 billion, a decrease of RMB 1.58 billion (2.0%) compared to December 31, 2022[108]. - Total liabilities decreased to RMB 46.68 billion, down RMB 1.96 billion (4.0%) from the end of 2022[109]. - Cash and cash equivalents decreased by RMB 1.58 billion during the reporting period, with net cash used in operating activities amounting to RMB 1.04 billion[110]. Shareholder Information - Total shares outstanding remained at 4,428,000,000 as of June 30, 2023[21]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 67.01% of the total shares[23]. - The company had a total of 915 shareholders as of the report date[22]. - The interim cash dividend proposed is RMB 0.119 per share, based on a total share capital of 4,428,000,000 shares[121]. - The interim dividend will be distributed to shareholders registered by the end of business on September 12, 2023, with payment expected by October 27, 2023[121]. Market and Contracts - The company signed new contracts worth RMB 37.73 billion during the reporting period, with a significant increase in overseas contracts amounting to USD 1.11 billion, up 107.1% year-on-year[31]. - The total amount of uncompleted contracts as of June 30, 2023, was RMB 125,132.95 million, an increase of 11.5% from the end of 2022[40]. - New contracts signed amounted to RMB 37,731.46 million, a decline of 14.5% year-on-year[40]. - The total value of new contracts signed in the first half of 2023 was RMB 37,731.46 million, a decrease of 14.5% compared to the same period in 2022[106]. - The value of uncompleted contracts in overseas markets was RMB 26,417.27 million, an increase of 27.5% compared to December 31, 2022[102]. Operational Efficiency - The company executed a total of 1,242 projects, with an average daily workforce exceeding 80,000 people, maintaining control over progress, costs, safety, quality, and environmental standards[32]. - The company plans to enhance project execution capabilities and optimize project management to improve efficiency and quality in future operations[58]. - The company achieved a cumulative safety man-hour of 128 million, an increase of 7.9% compared to the same period last year[48]. - The company implemented automatic welding technology in the Tianjin LNG project, significantly improving efficiency and quality[47]. Research and Development - Research and development costs decreased by 11.5% to RMB 793.53 million, attributed to a reduction in R&D projects during the reporting period[65]. - The company achieved significant results in technology research and development, signing 230 technology development contracts and 36 technology licensing and service contracts, with a total contract value of RMB 494 million[45]. - The company applied for 405 new patents during the reporting period, with 292 being invention patents, accounting for 72.1% of the total[45]. Environmental and Social Governance (ESG) - The company established a key ESG performance indicator system covering greenhouse gas emissions, resource consumption, and pollution discharge[51]. - The company received an AA rating in the Wind ESG assessment and won the "Best ESG Practice Award" in the Hong Kong energy sector[51]. - The company planted over 15,000 trees around the Saudi execution center, contributing to carbon reduction and environmental protection[48]. - The company is committed to achieving its "dual carbon" goals by systematically conducting research on carbon reduction and utilization across various stages of its operations[56]. Strategic Initiatives - The company aims to enhance its service levels in safety, efficiency, and sustainability in the energy and chemical engineering sector[6]. - The company is actively expanding its international market presence, focusing on regions such as the Middle East, Central Asia, Southeast Asia, Africa, and the Americas[30]. - The company is exploring diversified business models, including integrated investment and financing, extending into technology research and development and cooperation[30]. - The company plans to actively promote international operations by enhancing cooperation with domestic partners and international engineering firms, aiming to improve its comprehensive competitiveness in overseas markets[53].
中石化炼化工程(02386) - 2023 - 中期业绩