Core Insights - Sinopec Engineering (02386) reported a revenue of 31.559 billion RMB for the first half of 2025, representing a year-on-year increase of 10.1% [1] - Gross profit reached 2.599 billion RMB, up 3.6% year-on-year, while net profit attributable to shareholders was 1.384 billion RMB, reflecting a 4.8% increase [1] - The company proposed an interim dividend of 0.16 RMB per share [1] Revenue Drivers - The increase in revenue was primarily driven by large projects such as Huajin, Mango Ethylene, Jihua's transformation and upgrading, and Saudi Riyas entering peak construction or settlement phases [1] Technological Advancements - The company continued to promote technological innovation, signing new contracts for technology development, licensing, and transformation amounting to 720 million RMB, indicating a sustained improvement in research and development capabilities [1] - The leading technological advantages contributed to steady growth in front-end and EPC business revenues, with an improving revenue structure enhancing profitability amid intense market competition [1] Contractual Performance - The total value of new contracts signed during the reporting period was 71.158 billion RMB, marking a year-on-year increase of 42.1% [1] - As of the end of the reporting period, the company's backlog of uncompleted contracts stood at 212.276 billion RMB, a 22.9% increase compared to December 31, 2024, covering approximately 3.3 times the total revenue of 64.198 billion RMB for the entire year of 2024 [1]
中石化炼化工程发布中期业绩 股东应占溢利13.84亿元 同比增加4.8%