Sinopec Engineering Reports 2026 First-Half Results

Sinopec Engineering (Group) Co., Ltd. (SEG) announced its interim results for the first half of 2026. The company reported RMB 35.62 billion in operating revenue, a 12.7% increase year-on-year, and a gross profit of RMB 2.74 billion, up 5.2%. Net profit reached RMB 1.14 billion. SEG's board declared an interim dividend of RMB 0.127 per share for 2026, with a 50% payout ratio, and plans share repurchases worth HKD 100 to 150 million.

SEG's market development included domestic contracts valued at RMB 31.16 billion and international contracts totaling approximately USD 3.052 billion. Significant overseas contracts included a USD 1.093 billion EPC contract for a Kazakhstan project and a USD 750 million ADNOC construction contract.

Technological advances during the period involved expanding AI integration and automation. SEG signed 203 new contracts in emerging sectors and expanded AI applications in engineering, enhancing project efficiency.