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SINOPEC Engineering (Group) Co., Ltd. Class H
(2386)
SINOPEC Engineering (Group) Co., Ltd. Class H (2386) vs. iShares MSCI Hong Kong ETF (EWH)
SINOPEC Engineering (Group) Co., Ltd. Class H Business Overview & Revenue Model
SINOPEC Engineering (Group) Co., Ltd. Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.20B | 64.20B | 56.22B | 53.03B | 57.76B | 52.35B |
| Gross Profit | 5.44B | 5.34B | 5.61B | 5.61B | 6.47B | 5.71B |
| EBITDA | 4.16B | 3.98B | 3.79B | 2.21B | 2.32B | 2.68B |
| Net Income | 2.53B | 2.47B | 2.34B | 2.29B | 2.13B | 2.38B |
Balance Sheet | ||||||
| Total Assets | 88.40B | 81.51B | 80.97B | 78.68B | 72.92B | 71.47B |
| Cash, Cash Equivalents and Short-Term Investments | 25.19B | 21.40B | 24.88B | 24.03B | 18.67B | 16.72B |
| Total Debt | 551.01M | 572.33M | 254.89M | 271.04M | 225.49M | 327.07M |
| Total Liabilities | 56.36B | 49.93B | 50.12B | 48.64B | 43.79B | 43.21B |
| Stockholders Equity | 31.97B | 31.51B | 30.84B | 30.03B | 29.12B | 28.25B |
Cash Flow | ||||||
| Free Cash Flow | 4.96B | -2.56B | 2.12B | 6.10B | 2.29B | 2.55B |
| Operating Cash Flow | 5.29B | -2.21B | 2.52B | 6.81B | 2.94B | 2.96B |
| Investing Cash Flow | 492.58M | 2.53B | -2.66B | -905.08M | 503.38M | -2.95B |
| Financing Cash Flow | -1.77B | -1.70B | -1.62B | -1.53B | -1.39B | -1.26B |
SINOPEC Engineering (Group) Co., Ltd. Class H Technical Analysis
SINOPEC Engineering (Group) Co., Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$144.66B | 3.89 | 7.41% | 7.43% | -7.46% | -21.80% | |
70 Outperform | HK$32.03B | 12.09 | 8.27% | 5.31% | 11.89% | 8.49% | |
67 Neutral | HK$47.38B | 4.85 | 13.70% | 6.69% | -5.14% | -4.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$68.81B | 5.40 | 7.78% | 3.90% | 11.49% | -7.01% | |
44 Neutral | HK$67.01B | 9.20 | 3.80% | 3.21% | -18.36% | -47.29% | |
44 Neutral | HK$18.44B | 81.99 | 3.35% | ― | -1.75% | ― |
SINOPEC Engineering (Group) Co., Ltd. Class H Corporate Events
Sinopec Engineering (Group) Co., Ltd., a major engineering and construction provider to the energy and petrochemical sectors, focuses on delivering large-scale project design, procurement and implementation services across domestic and international markets. The company’s board has formally established detailed terms of reference for its ESG Committee, defining its composition, appointment process, and working mechanism, with at least three directors and a designated chairperson and possible vice chairperson. The ESG Committee is mandated to advise the board on significant environmental, social and governance decisions, oversee ESG strategy, implementation and progress, and supervise key areas including climate change response, occupational health and safety, labour rights, and clean and green development. It will also review the company’s annual ESG report and may engage professional advisers at the company’s expense, with senior management required to cooperate and provide information. The move institutionalises ESG governance at board level and signals a stronger, more structured focus on sustainability and stakeholder-related risks within the company’s corporate governance framework.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has formalised updated terms of reference for its board audit committee, aligning the committee’s structure and operations with the Company Law of the PRC, Hong Kong Listing Rules and professional guidelines on effective audit committees. The revised framework specifies that the audit committee must consist entirely of non-executive directors, with a majority being independent and at least one member possessing professional expertise in accounting or financial management, and it sets clear eligibility, confidentiality and independence requirements, including a cooling-off period for former partners of the external auditor. It also clarifies the committee’s core duties, notably advising on the appointment, reappointment, removal and remuneration of the independent auditor, overseeing auditor independence and audit effectiveness, and formulating policies on non-audit services, thereby strengthening the company’s governance, oversight of financial reporting and protection of shareholder interests.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has formalised detailed terms of reference for its board-level Nomination Committee, approved at the tenth meeting of the fifth session of the board of directors in 2025, to strengthen corporate governance and board oversight. The new framework defines the committee’s composition—requiring at least three directors with a majority of independent members and an independent chair—as well as clear responsibilities, including annual review of the board’s structure and skills, assessment of independent directors’ qualifications, recommendations on board appointments, reappointments and succession planning for key leadership roles, and support for regular board performance evaluations, underlining the company’s effort to professionalise governance and align with Hong Kong listing rules and Chinese corporate law.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has updated and formally approved new terms of reference for its Board Remuneration Committee, strengthening governance over pay and incentives for directors, senior management and other key executives. The revised framework clarifies the committee’s composition, requiring a majority of independent directors and an independent chair, and sets out detailed responsibilities including advising on remuneration policy and structure, overseeing performance appraisal policies, determining or recommending pay levels and performance-linked compensation, and reviewing stock incentive and similar share-based schemes in line with Hong Kong listing rules. By tightening procedures, emphasizing transparency, benchmarking against comparable companies and ensuring no director participates in setting their own remuneration, the company aims to reinforce oversight, align management incentives with corporate objectives, and better protect the interests of shareholders and other stakeholders.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has formalised new terms of reference for its Strategy and Development Committee under the board of directors, setting out the committee’s composition, authority and operating procedures. The committee, comprising at least three directors and chaired by a board-appointed member, is tasked with formulating medium- and long-term development strategies, reviewing major investments, financing and capital operations, and overseeing other material matters that could affect the company’s development. It will also monitor implementation of strategic decisions, propose timely adjustments, and may engage professional advisers at the company’s expense, with senior management required to provide necessary information and support. The move strengthens the group’s governance framework and centralises strategic oversight at board level, which may enhance decision-making discipline and alignment of major capital and development initiatives with shareholder and regulatory expectations.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has issued updated Rules of Procedure for its general meetings, aligning them with China’s Company Law, Securities Law, Hong Kong listing rules and other regulatory requirements, and making them binding on all shareholders, directors, senior management and relevant attendees. The rules clarify shareholders’ rights to attend, be represented by proxy, speak, raise questions and vote, formalize the use of on-site and electronic/remote participation, and spell out the board’s authority to handle external investments, asset transactions and similar matters without convening a general meeting so long as defined transaction-size ratios remain below 25%, thereby aiming to balance stronger shareholder protection with more efficient day-to-day decision-making and corporate governance.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has formalized detailed rules of procedure for its board of directors to enhance the efficiency, transparency and standardization of board operations in line with Chinese company law, securities regulations and Hong Kong listing requirements. The document clarifies the division of authority among the board, chairman and president across key areas such as medium- and long-term investment planning, annual capital expenditure, external investments and asset transactions based on defined financial thresholds, and approval of major EPC and other principal business contracts where advance funding or special project risks are involved. This governance framework is designed to support more stable daily operations, clarify decision-making powers, and provide stakeholders with greater assurance on how significant investments, transactions and riskier projects are vetted and approved.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has announced that its wholly owned subsidiary SNEI will acquire 100% of the equity in East China Pipeline Design and Research Institute from Pipeline Storage and Transportation Asset, a subsidiary of its controlling shareholder Sinopec Group, for RMB191.2 million. Following completion, the institute will become a subsidiary and be consolidated into the group’s financial statements, further integrating pipeline design and research capabilities within the group. The deal, priced with reference to an income-based valuation that values the institute’s shareholders’ interests at RMB191.2 million, represents a connected transaction under Hong Kong listing rules; because the relevant percentage ratios exceed 0.1% but are below 5%, it requires reporting and announcement but is exempt from independent shareholders’ approval. The transaction is expected to strengthen SINOPEC Engineering’s position in pipeline engineering and design while formalizing the transfer of undistributed profits associated with the acquired interests to SNEI, without including post-valuation-period profit or loss in the consideration.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
At its first extraordinary general meeting of 2025, SINOPEC Engineering (Group) Co., Ltd. secured strong shareholder backing—representing over 81% of its share capital—for a special resolution to amend its Articles of Association and key corporate governance rules, cancel its supervisory committee, and reduce its registered capital. With these changes taking effect immediately after the meeting, the company has abolished its supervisory committee and transferred its oversight functions and powers to the audit committee under the board, while all existing supervisors, including the committee chairman and employee representative supervisors, have stepped down, signaling a streamlining of its governance structure that may align it more closely with prevailing Hong Kong and international board-led oversight practices.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has announced amendments to its Articles of Association, including the cancellation of its supervisory committee and a reduction in registered capital. These changes are part of the company’s efforts to comply with regulatory requirements and improve corporate governance. The company has also repurchased and cancelled a portion of its H shares, leading to a slight reduction in the total number of shares and registered capital. These amendments are subject to approval at the company’s first extraordinary general meeting in 2025.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. has announced the first extraordinary general meeting (EGM) for the year 2025, scheduled for December 23, 2025, in Beijing. The meeting will consider a special resolution involving amendments to the Articles of Association, procedural rules for meetings, the cancellation of the supervisory committee, and a reduction in registered capital, potentially impacting the company’s governance and capital structure.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 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.
SINOPEC Engineering (Group) Co., Ltd. announced a significant increase in its new contract value and backlog for the nine months ending September 30, 2025. The company reported a 24.4% rise in new contract value to RMB91.347 billion and a 24.8% increase in backlog to RMB215.470 billion compared to the previous year. Key contracts include projects with Sinopec (Henan) Refining & Chemical Co., Ltd., Shaanxi Yulin Energy Fine Chemical Materials Co., Ltd., and Saudi Aramco, highlighting the company’s strong performance and strategic positioning in the global EPC market.
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.