Core Viewpoint - Sinopec Engineering (02386) reported a significant increase in its stock price, rising over 6% following the announcement of its 2025 interim results, indicating positive market sentiment towards the company's performance and future prospects [1] Financial Performance - The company reported a revenue of 31.559 billion RMB, representing a year-on-year increase of 10.1% [1] - Gross profit reached 2.599 billion RMB, up 3.6% year-on-year [1] - Shareholder profit attributable to the company was 1.384 billion RMB, reflecting a 4.8% increase compared to the previous year [1] - Basic earnings per share were reported at 0.32 RMB, with an interim dividend proposed at 0.16 RMB per share [1] Project Developments - The revenue increase was primarily driven by major projects such as Huajin, Mango Ethylene, Jihua transformation and upgrading, and Saudi Riyas entering peak construction or settlement phases [1] Contractual Activity - The company signed new contracts worth 71.158 billion RMB during the reporting period, marking a substantial year-on-year growth 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, which is a 22.9% increase compared to December 31, 2024 [1] - The backlog represents approximately 3.3 times the total revenue of 64.198 billion RMB for the year 2024 [1]
港股异动 | 中石化炼化工程(02386)涨超6% 上半年纯利同比增长4.8% 新签订合同量增长42%