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SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) has shared an update.
SINOPEC Engineering (Group) Co., Ltd. reported that it signed new contracts worth RMB27.553 billion in the first quarter of 2026, underlining continued demand for its engineering and construction services in petrochemicals, coal-to-chemicals, carbon fiber, and overseas chemical projects. Representative deals include major EPC contracts for a coal-to-olefins plant in Xinjiang, a large-tow carbon fiber project in Inner Mongolia, and butadiene and rubber and sulfuric acid projects in Kazakhstan, bringing the Group’s order backlog to RMB213.496 billion as of 31 March 2026 and providing strong revenue visibility, though management notes that modifications or delays could affect the timing and realization of this pipeline.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.40 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
SINOPEC Engineering (Group) Co., Ltd. is a mainland China-based engineering and construction company serving the petrochemical, chemical, and related industrial sectors. The Group focuses on providing engineering, procurement and construction (EPC) and design services for large-scale refining, chemical, coal-to-chemicals, and new materials projects in domestic and overseas markets.
Average Trading Volume: 7,130,155
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.21B
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