智通财经APP讯，中石化炼化工程(02386)发布公告，于2025年8月29日注销13.65万股已回购股份。 ...

机构：中金公司 研究员：严蓓娜/裘孝锋 1H25 业绩符合我们预期 公司公布1H25 业绩：收入316 亿元，同比增长10%；归母净利润13.9 亿元，同比增长5%，每股盈利 0.32 元，符合我们预期。公司1H25 经营性现金流同比转正为33 亿元，财务收入净额4.5 亿元，同比减 少1.3 亿元，主要受利率下降影响。 1H25 公司毛利率8.2%，同比下降0.4 个百分点，主要为施工板块项目结算不及预期所致。但公司经营 利润率小幅上升0.5 个百分点至3.4%，主要为汇兑收益、减值拨回影响约1.7 亿元。 发展趋势 新签订单同比增长42%。公司1H25 新签订单712 亿元，同比增长42%，再创同期历史新高，其中境内新 签402 亿元，海外新签43 亿美元，已完成公司年初设定境内630 亿元、海外50 亿美元目标额的 64%/86%。根据公司公告，新签境内外订单主要包括：1）国内中石化三大乙烯项目（洛阳、茂名、九 江），合同金额总计约170 亿元；2）19 亿美元哈萨克斯坦Silleno石化综合体项目；3）20.6 亿美元阿尔 及利亚哈西炼厂项目。 EPC 项目稳中有升。公司1H25EPC 板块毛利率维持 ...

Core Insights - The company reported a revenue of 31.559 billion RMB, a year-on-year increase of 10.1%, and a net profit of 1.388 billion RMB, up 4.8% year-on-year [1] Group 1: Order Structure Optimization - The company signed new contracts for major projects, achieving a historical high in new contract value of 71.158 billion RMB, a year-on-year increase of 42.1% [2] - The proportion of new contracts in front-end, design, and EPC categories reached 80%, indicating a solid foundation for high-quality growth [2] - Overseas orders saw significant growth, with new contract value reaching 4.3 billion USD, a year-on-year increase of 82.7%, accounting for 43.5% of total new contracts [2] - Notable domestic contracts included the Maoming Ethylene project EPC contract worth approximately 11.631 billion RMB and the Luoyang Ethylene project contract worth approximately 3.291 billion RMB [2] - In emerging business areas, the company signed 197 new contracts with a total value of about 7 billion RMB, including 3.2 billion RMB from clean energy/new energy contracts [2] Group 2: Technological Innovation - The company emphasized project integration innovation and engineering transformation, increasing collaboration with institutions like the Chinese Academy of Sciences and Tsinghua University [3] - Research in artificial intelligence is ongoing, focusing on enhancing design efficiency and optimizing construction processes [3] - The company has made progress in areas such as process optimization, intelligent design review, and smart pipeline design [3] Group 3: Advanced Equipment Development - The company is advancing the development and application of automated welding robots and intelligent construction equipment, effectively reducing costs and improving efficiency [4] - A total of 86 high-efficiency construction equipment applications have been developed, along with guidelines for intelligent equipment applications [4] - The company has set ambitious market development targets of 63 billion RMB domestically and 5 billion USD internationally for the year [4]

中石化炼化工程(02386)发布公告，于2025年8月18日，该公司斥资86.95万港元回购13.65万股。 ...

格隆汇8月18日丨中石化炼化工程(02386.HK)公告，8月18日耗资87万港元回购13.7万股。 ...

智通财经APP讯，中石化炼化工程(02386)发布公告，于2025年8月18日，该公司斥资86.95万港元回购 13.65万股。 ...

消息面上，中石化炼化工程发布2025年半年度业绩，收入315.59亿元(人民币，下同)，同比增加10.1%； 毛利25.99亿元，同比增加3.6%；股东应占溢利13.84亿元，同比增加4.8%；基本每股盈利0.32元；拟派 发中期股息每股0.16元。公告称，收入增加主要是华锦、芒果乙烯、吉化转型升级、沙特Riyas等大型 项目进入建设或结算高峰期。 此外，报告期内，集团新签订合同量为711.58亿元，同比增长42.1%。于本报告期末，集团的未完成合 同量为2,122.76亿元，较2024年12月31日增长22.9%，相较2024年全年收入641.98亿元实现覆盖约3.3 倍。 中石化炼化工程(02386)涨超6%，截至发稿，涨5.99%，报6.55港元，成交额3233.9万港元。 ...

此外，报告期内，集团新签订合同量为711.58亿元，同比增长42.1%。于本报告期末，集团的未完成合 同量为2,122.76亿元，较2024年12月31日增长22.9%，相较2024年全年收入641.98亿元实现覆盖约3.3 倍。 消息面上，中石化炼化工程发布2025年半年度业绩，收入315.59亿元(人民币，下同)，同比增加10.1%； 毛利25.99亿元，同比增加3.6%；股东应占溢利13.84亿元，同比增加4.8%；基本每股盈利0.32元；拟派 发中期股息每股0.16元。公告称，收入增加主要是华锦、芒果乙烯、吉化转型升级、沙特 Riyas等大型 项目进入建设或结算高峰期。 智通财经APP获悉，中石化炼化工程(02386)涨超6%，截至发稿，涨5.99%，报6.55港元，成交额3233.9 万港元。 ...

智通财经APP讯，中石化炼化工程(02386)发布公告，将于2025年10月27日派发截至2025年6月30日止六 个月的中期股息每股0.16元。 ...

Core Insights - Sinopec Engineering's revenue for the first half of 2025 reached 31.559 billion RMB, representing a year-on-year increase of 10.1% [1] - The gross profit was 2.599 billion RMB, up 3.6% year-on-year, while the 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 revenue increase 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 technological leadership has positively impacted front-end business and EPC (Engineering, Procurement, and Construction) revenue, leading to steady growth and an increasing proportion of total revenue [1] Contractual Performance - The total value of new contracts signed during the reporting period was 71.158 billion RMB, a significant year-on-year increase of 42.1% [1] - As of the end of the reporting period, the company's uncompleted contract value 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]