Core Viewpoint - China Petroleum Engineering Corporation (CPE) has signed an EPSCC contract worth $1.601 billion (approximately 11.538 billion RMB) with TotalEnergies for the gas processing plant project at the Atawi oil field in Iraq, which is expected to positively impact the company's revenue and profit over the next 4-5 years [1]. Group 1: Contract Details - The contract for the Atawi gas processing plant has a planned completion period of 39 months [1]. - This contract is the highest value among three Middle Eastern orders won by CPE this year, with two of the other contracts also involving TotalEnergies [4][5]. Group 2: Financial Performance - In 2024, CPE achieved a new contract amount of 125.076 billion RMB, a year-on-year increase of 14.39%, marking a historical high [7]. - The company reported total revenue of 85.917 billion RMB in 2024, a year-on-year growth of 6.94%, while the net profit attributable to shareholders was 635 million RMB, a decrease of 14.80% [9][10]. - In the first quarter of 2025, CPE secured new contracts worth 29.522 billion RMB, reflecting a year-on-year growth of 6.38% [7].