SINOPEC ENGR GROUP CO LTD - SENGF STOCK NEWS

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SINOPEC Engineering (Group) Co., Ltd. (SEG) is a prominent energy and chemical engineering company based in the People's Republic of China. With a strong international presence, SEG offers comprehensive solutions in industries such as petrol refining, petrochemicals, coal chemicals, and clean energy. The company's services include engineering consulting, technology licensing, project management contracting, and more. With over 70 years of experience, SEG has delivered numerous modern factories worldwide, maintaining long-term partnerships with major industry players. The company's focus on innovation, value creation, and sustainability drives its mission to become a leading technology-oriented engineering firm globally.

08/18/2024 07:25 AM

News

SEG Announces 2024 Interim Results

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Sinopec Engineering Group (SEG) announced its interim results for the first half of 2024, reporting revenue of RMB28.553 billion and net profit of RMB1.319 billion. SEG recorded a significant 32.7% year-on-year increase in new contract value, totaling RMB50.066 billion. The board proposed an interim dividend of RMB0.150 per share, with a dividend payout ratio of 50%, and repurchased 13.8 million H shares for HKD67.75 million. SEG's inclusion in the Hang Seng Composite Index reflects high market recognition. Overseas contracts grew by 117.8%, exemplified by a USD900 million EPC contract with Saudi Aramco.

SEG emphasized technological innovation, applying AI and big data to engineering design, and promoting low-carbon services. The company signed RMB551 million in new technology development contracts and filed 440 new patent applications. SEG also achieved breakthroughs in new materials and green energy projects, highlighting its shift towards sustainability. SEG aims to enhance shareholder value through strategic initiatives and international operations in the second half of the year.

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SEG Announces 20223Annual Results

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SINOPEC Engineering (Group) Co., (SEG) achieved record-high revenue, net profit, and new contracts in 2023. The company reported revenue of RMB56.221 billion, a 6% increase year-on-year, with a net profit of RMB2.336 billion, up 2.2% year-on-year. SEG secured new contracts worth RMB80.252 billion, a 10.7% increase year-on-year, hitting a record high. The Board proposed a final dividend of RMB0.224 per share, totaling RMB0.343 per share for the year, with a dividend payout ratio of 65%. SEG focused on market development, scientific and technological innovation, and lean management to enhance value creation.

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FAQ

What is the current stock price of SINOPEC ENGR GROUP CO (SENGF)?

The current stock price of SINOPEC ENGR GROUP CO (SENGF) is $0.8286 as of January 23, 2025.

What is the market cap of SINOPEC ENGR GROUP CO (SENGF)?

The market cap of SINOPEC ENGR GROUP CO (SENGF) is approximately 2.4B.

What services does SEG offer?

SEG provides services in industries such as petrol refining, petrochemicals, coal chemicals, and clean energy. This includes engineering consulting, technology licensing, project management contracting, and more.

What is SEG's focus?

SEG's focus is on innovation, value creation, and sustainability. The company aims to become a leading technology-oriented engineering firm globally.

How long has SEG been in operation?

SEG has been in operation for over 70 years, delivering modern factories worldwide and maintaining partnerships with major industry players.

What drives SEG's mission?

SEG's mission is driven by innovation, value creation, and sustainability. The company aims to provide comprehensive solutions in the energy and chemical engineering industry.

What is SEG's vision?

SEG's vision is to become the world's leading technology-oriented engineering company. The company strives to achieve this through a focus on innovation and value creation.