SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) has issued an announcement.
SINOPEC Engineering (Group) Co., Ltd. announced a significant increase in new contract values and backlog for the first quarter of 2025. The company secured new contracts worth RMB44.373 billion, marking a 31.4% increase from the previous year, and reported a backlog of RMB201.19 billion, a 16.5% rise from the end of 2024. Notable contracts include projects with Sinopec Maoming Petrochemical Company and Sonatrach in Algeria, indicating strong growth and expansion in the petrochemical sector. This development underscores the company’s robust market positioning and potential for sustained growth, benefiting stakeholders and enhancing its competitive edge in the industry.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
SINOPEC Engineering (Group) Co., Ltd. is a joint stock limited liability company incorporated in China, operating in the engineering and construction industry. The company specializes in engineering, procurement, and construction (EPC) services, focusing on petrochemical and refining projects both domestically and internationally.
YTD Price Performance: -29.63%
Average Trading Volume: 2,221
Technical Sentiment Signal: Hold
Current Market Cap: €2.6B
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