SINOPEC Engineering (Group) Co., Ltd. Class H (HK:2386) has released an update.
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SINOPEC Engineering (Group) Co., Ltd. has reported a significant 65.6% increase in the total value of new contracts for the first nine months of 2024, amounting to RMB73.457 billion. This surge in new contracts includes major deals such as the Ethane Cracking Project in Kazakhstan and the SABIC AMIRAL Tank Area Project in Saudi Arabia. The company’s backlog as of September 2024 stands at RMB165.773 billion, showcasing a robust pipeline of future projects.
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