SEG achieves record new contracts worth over RMB 100 billion

In Hong Kong, on March 16, 2025, SINOPEC Engineering (Group) Co., Ltd. declared its annual results for the 2024 fiscal year, revealing major achievements in contract acquisitions. The company reported a remarkable 63% year-on-year increase in new contracts signed in strategic emerging business fields, emphasizing its commitment towards high-quality development and value creation in the energy and chemical industry. Furthermore, the firm signed technology development contracts worth RMB 600 million and licensing contracts totaling RMB 500 million, showcasing its drive towards innovation and new technology capabilities. Amid significant advancements, the Group maintained its project execution capabilities by improving the management of on-hand projects, conducting assessments, and enhancing design integration with construction which resulted in completing 148 design optimization projects. Additionally, the Kazakhstan Silleno Project (EPC) reported an overall progress of over 10%. This expansion reflects SINOPEC Engineering's strategic initiatives to enhance operational efficiency and strengthen its position as a leader in the engineering sector. The Group's vision includes a substantial focus on innovation and technological advancements that will empower the engineering construction industry through integrated collaboration and digital transformation. Efforts in artificial intelligence and big data technology were underlined with the goal to transition from traditional engineering design to generative designs, thereby improving efficiency significantly. Moreover, the company aims to establish a comprehensive service provider status, not just in traditional fields but also in emerging industries, by embracing green development practices. Overall, this growth signifies SINOPEC Engineering's robust approach towards maintaining competitiveness in the global market, alongside an enhancement in shareholder value, customer satisfaction, and the societal impact across various scales. Their unwavering commitment to innovation and project management illustrates a proactive strategy for future developments within the energy and chemical industry.