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The latest update is out from SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ).
SINOPEC Engineering (Group) Co., Ltd. announced a significant increase in both the value of new contracts and backlog for the year ended 31 December 2024, with contract values rising by 25.4% to RMB100.613 billion and backlog increasing by 26.7% to RMB172.677 billion compared to the previous year. The company secured several major contracts in the final quarter, including projects with China Coal Shaanxi Energy & Chemical Group, China Energy Baotou Coal Chemical Co., Ltd., Ma’aden, and an ADNOC-related joint venture, reinforcing its strong market position and potential growth trajectory in the engineering and construction industry.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
SINOPEC Engineering (Group) Co., Ltd. is a key player in the engineering and construction industry, primarily offering engineering, procurement, and construction (EPC) services. The company focuses on large-scale projects in the energy and chemical sectors, collaborating with major entities in China and internationally.
YTD Price Performance: -8.64%
Average Trading Volume: 1,558
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.35B
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