Sinopec Engineering (02386.HK) signed new contracts in 2025 with a total value of 101.248 billion yuan, a 0.6% increase year-on-year

CRG Holdings February 25 — Sinopec Engineering (02386.HK) announced that for the 12 months ending December 31, 2025, the group’s new contract value totaled RMB 101.248 billion, an increase of 0.6% compared to RMB 100.613 billion for the 12 months ending December 31, 2024. As of December 31, 2025, the group’s uncompleted contract amount was RMB 203.85 billion, up 18.1% from RMB 172.676 billion as of December 31, 2024.

New contract value refers to the value of contracts signed by the group during a specific period. Contract value is the amount the group expects to receive upon fulfilling the contract according to its terms. For the three months ending December 31, 2025, the group signed new contracts totaling RMB 9.901 billion. Notable contracts include:

1. A total EPC contract worth approximately RMB 2.772 billion with Shaanxi Coal Group Yulin Chemical Co., Ltd. (“Shaanxi Coal Yulin Chemical”) for the Yulin Chemical 15 million tons/year coal quality conversion demonstration project’s MTO unit and F-DPE unit;
2. An EPCC contract worth approximately USD 433 million with Sonatrach for the Ouenza refinery revamp project in Algeria.