超110亿中东大订单，来了！

Group 1 - China Petroleum Engineering has secured a significant contract in the Middle East, specifically for the construction of a gas processing facility in Iraq, with a contract value of approximately $1.601 billion (about 11.538 billion RMB) [2][7] - The project involves the construction of a gas processing facility with a daily processing capacity of 320 million standard cubic feet (MMSCFD) [2][7] - This contract marks the second major order won by China Petroleum Engineering in the Middle East this year, following a previous LNG pipeline project in Abu Dhabi valued at 3.761 billion RMB [7] Group 2 - In 2024, China Petroleum Engineering achieved a cumulative new contract amount of 125.076 billion RMB, representing a year-on-year increase of 14.39%, setting a historical record [7] - The new contracts include 87.956 billion RMB from the domestic market and 37.120 billion RMB from the overseas market, accounting for 70.32% and 29.68% respectively [7] Group 3 - Despite a strong order book, the company's recent financial report indicates pressure on its business, with a first-quarter revenue of 17.129 billion RMB, a year-on-year increase of 16.26%, but a net profit attributable to shareholders of 194 million RMB, down 19.82% year-on-year [9][10] - The decline in profit is attributed to a decrease in gross margin in the pipeline and storage business segment, as well as slower-than-expected progress on claims for some overseas projects [10]