2026 ma ks the i augu al yea of the 15th Five-Yea Pla , a d also the fi st yea fo Si opec to fully emba k o ou ew missio of “E t ep e eu ship 2.0”. I the fi st half of the yea , the G oup closely adhe ed to the guidi g p i ciple of high‑quality developme t, alig ed ou ope atio s with a ual p oductio a d ope atio ta gets, a d fu the pushed fo wa d six key campaig s cove i g safety & e vi o me tal p otectio , ma keti g, quality a d efficie cy imp oveme t, i teg atio of R&D i ovatio with i dust y a d fi a ce, i te atio al expa sio , a d efo m‑d ive empowe me t. Be efiti g f om the above effo ts, ou busi ess ope atio s emai ed stable a d we made steady p og ess i ope ati g pe fo ma ce with all phased ope atio al ta gets we e fully achieved. Du i g the Repo ti g Pe iod, the G oup eco ded ope ati g eve ue of RMB 35.62 billio , ep ese ti g a yea -o -yea i c ease of 12.7%; g oss p ofit eached RMB 2.74 billio , ep ese ti g a yea -o -yea i c ease of 5.2%; et p ofit amou ted to RMB 1.14 billio , a d the value of ew co t acts sig ed was app oximately RMB 51.9 billio . The G oup’s ove all busi ess fu dame tals emai ed sou d.
SEG’s boa d of di ecto s (the “Boa d”) co siste tly upholds the i vesto ‑ce te ed philosophy a d is committed to sha i g the f uits of ou high‑quality developme t with all sha eholde s a d buildi g a stable a d p edictable sha eholde etu mecha ism. The Boa d has esolved to decla e a i te im divide d of RMB 0.127 pe sha e fo 2026, which ep ese ts a payout atio of 50% a d is co siste t with the Compa y’s lo g-sta di g a d stable base divide d policy. I o de to co ti uously d ive steady imp oveme t i sha eholde etu s, the Boa d has also esolved to lau ch a ew ou d of sha e epu chases withi the ext six mo ths, with a total epu chase amou t of ot less tha HKD 100 millio a d ot mo e tha HKD 150 millio . All epu chased sha es shall be ca celed.
M . Zha g Xi mi g, Executive Di ecto a d P eside t of SEG, stated that i the i augu al yea of the 15th Five-Yea Pla , the G oup will p io itise fou key ta gets i the seco d half of the yea : high-sta da d ma ket developme t, imp oveme t i p oject delive y, p ofitability a d efficie cy, deepe i teg atio of R&D a d i ovatio with busi ess a d fi a ce, a d ei fo ceme t of isk ma ageme t, so as to fully adva ce the high-quality delive y of the a ual ta gets. The Boa d a d se io ma ageme t will lead all ma ageme t a d employees to co ce t ate o co e busi esses, deepe efo m a d i ovatio , a d steadily adva ce towa d the co po ate visio of becomi g a wo ld‑leadi g tech ology-d ive e gi ee i g compa y. The G oup will pu sue sustai able a d sou d developme t to ewa d sha eholde s, custome s a d society with bette ope ati g esults fo thei t ust a d suppo t.
Busi ess Review a d Highlights
Ma ket Developme t
Du i g the Repo ti g Pe iod, the value of ew co t acts sig ed by the G oup amou ted to RMB51.911 billio . Amo g which, the value of ewly sig ed domestic co t acts amou ted to app oximately RMB31.160 billio ; a d the value of ewly sig ed ove seas
co t acts amou ted to app oximately US$3.052 billio .
PRC Domestic Ma ket
Du i g the Repo ti g Pe iod, ep ese tative ewly sig ed domestic co t acts to the G oup i cluded: the BEPC co t act fo the 1.6 millio to s/yea impo ted solid asphalt full-g ee -e e gy high-efficie cy upg adi g i dust ialisatio demo st atio p oject of Zho gke Yaxi Gua ghe (Xi jia g) E e gy Co., Ltd. (the “Zho gke Yaxi Sy thetic C ude Oil Demo st atio P oject”), with a total co t act value of app oximately RMB4.309 billio ; the EPC co t act fo the metha ol-to-olefi u it of the 800,000 to s/ yea coal-to-olefi p oject at Zhu do g Wucaiwa , Xi jia g Sha e g (the “Xi jia g Sha e g Coal-to-Olefi P oject”), with a total co t act value of app oximately RMB2.447 billio ; the EPC co t act fo the 30,000 to s/yea la ge-tow ca bo fib e emote co st uctio p oject of Si opec Sha ghai Pet ochemical Co., Ltd. (the “Sha ghai Pet ochemical”) (the “Sha ghai Pet ochemical La ge-Tow Ca bo Fib e P oject”), with a total co t act value of app oximately RMB1.993 billio ; the EPC co t act fo the acetic acid u it a d metha ol u it upg ade of the Zho gtia Hechua g g ee low-ca bo upg ade a d et ofit p oject (the “Zho gtia Hechua g Upg ade P oject”), with a total co t act value of app oximately RMB1.572 billio ; a d the EPC co t act fo the phase I coal clea a d efficie t utilisatio tech ical et ofit p oject of the 2×600,000 to es/yea atu al gas-to-ethyle e glycol p oject of Xi jia g Zho gku New Mate ials Co., Ltd. (the “Xi jia g Zho gku New Mate ials P oject”), with a total co t act value of app oximately RMB960 millio .
I the f o t-e d e gi ee i g field, the G oup’s ewly sig ed co t acts amou ted to app oximately RMB1.962 billio , with ep ese tative co t acts i cludi g: the phase I coal-to-oil e gi ee i g desig fo the CHN E e gy Hami E e gy I teg atio a d I ovatio Base P oject (the “CHN E e gy Hami Coal-to-Oil P oject”), the ove all desig fo the CHN E e gy O dos Coal Liquefactio Upg ade Demo st atio P oject (the “CHN E e gy O dos Coal-to-Oil P oject”), pa t of the e gi ee i g desig fo the CHN E e gy She hua Yuli Ci cula Eco omy Coal Comp ehe sive Utilisatio P oject (the “She hua Yuli Coal-to-Oil P oject”), the basic desig fo the Sha ghai Pet ochemical comp ehe sive tech ical et ofit a d quality upg ade p oject (the “Sha ghai Pet ochemical Ethyle e P oject”), the e gi ee i g desig fo the 1 millio to s/yea ethyle e u it of the Zhousha Ro gshe g New Mate ials P oject (the “Ro gshe g Ji ta g New Mate ials P oject”), a d the ove all desig fo the Tahe Refi i g & Chemical Compa y efi i g a d chemical i teg atio p oject (the “Tahe Refi i g I teg atio P oject”), etc.
The G oup e te ed i to 203 ew co t acts i eme gi g busi ess secto s, with a ew co t act value of app oximately RMB5 billio . Amo g which, 25 co t acts we e i the clea e e gy a d ew e e gy fields, with a ew co t act value of app oximately RMB100 millio ; a d 178 co t acts we e i ew mate ials, ew tech ologies, e e gy co se vatio a d e vi o me tal p otectio , with ew co t act value of app oximately RMB4.9 billio . Rep ese tative ewly sig ed co t acts i cluded the EPC fo the Ni gxia E e gy & Chemical CO2 chemical-chai mi e alisatio utilisatio demo st atio p oject, the EPC fo the Hubei Yihua phospho us-fluo i e esou ce high-value utilisatio p oject, the p elimi a y desig fo the Xi dao Hyd oge E e gy g ee metha ol i teg atio p oject, a d the e gi ee i g desig fo the Zho gyua Oilfield wate elect olysis hyd oge p oductio demo st atio p oject.
Ove seas Ma ket
Du i g the Repo ti g Pe iod, ep ese tative ewly sig ed ove seas co t acts to the G oup i cluded: the Kazakhsta butadie e a d ubbe p oject (the “Kazakhsta Butadie e P oject”), with a tech ology t a sfe a d p ocess package desig co t act value of US$24 millio a d a EPC co t act value of US$1.093 billio ; the co st uctio co t act fo the ADNOC Habsha p oject i the UAE, with a co t act value of US$750 millio ; a d the EPC co t act fo the Saudi A amco Ras Ta u a efi e y eme ge cy epai p oject, with a co t act value of US$45 millio . I additio , the G oup sig ed with Saudi A amco a lo g-te m coope atio ag eeme t fo old pla t upg ade a d et ofit (EPC LTA), with a te m of 60 mo ths, cove i g EPC co t acti g se vices fo the i spectio , mai te a ce a d et ofit of Saudi A amco’s old pla ts withi Saudi A abia; a d a lo g-te m ma ageme t co sulta cy se vice ag eeme t (PMC LTA) with a te m of 60 mo ths, cove i g e gi ee i g co sulta cy se vices fo Saudi A amco’s futu e i vestme t p ojects.
I the f o t-e d e gi ee i g field, 16 ew co t acts we e sig ed, with a agg egate co t act value of app oximately US$145 millio . The busi ess po tfolio expa ded i to ew a eas such as g ee hyd oge , g ee ammo ia, SAF a d i o ga ic salts, a d i to ew cou t y ma kets i cludi g Uzbekista , Aust alia, Ko ea a d Si gapo e, with ep ese tative co t acts i cludi g the detailed desig a d ove all desig fo the seco d phase of B u ei He gyi, the f o t-e d e gi ee i g desig a d detailed desig fo the Uzbekista sustai able aviatio fuel (SAF) bio efi e y p oject (the “Uzbekista SAF P oject”), the basic desig fo the Kazakhsta sulfu ic acid a d phosphate fe tilise complex p oject (the “Kazakhsta Sulfu ic Acid a d Phosphate Fe tilise P oject”), a d the FEED fo the Pet o as Sabah fe tilise pla t sy thetic ammo ia a d u ea upg ade p oject i Malaysia (the “Malaysia Ammo ia P oject”), etc.
Status of Majo P ojects u de Executio
Si opec Maomi g Ethyle e P oject (the “Maomi g Ethyle e P oject”) (EPC): the p oject’s desig had e te ed the fi alisatio stage, co st uctio had e te ed the peak i stallatio stage, a d ove all p og ess exceeded 70%.
Sha ghai Pet ochemical La ge-tow Ca bo Fib e P oject (EPC): phase I of the p oject has e te ed feedi g a d sta t-up, p oduci g qualified p oducts. Phase II was at the detailed desig stage, co st uctio had e te ed the i stallatio stage, a d ove all p og ess exceeded 40%.
SHCCIG Yuli Chemical 15 millio to s/yea Coal G aded Clea a d Efficie t Co ve sio Demo st atio P oject MTO u it a d FDPE u it (the “SHCCIG Yuli MTO”) (EPC): the p oject’s detailed e gi ee i g desig was completed, co st uctio had e te ed the i stallatio stage, a d ove all p og ess exceeded 50%.
Shaa xi Yuli E e gy Fi e Chemical Mate ials Co., Ltd. 1 millio to s/yea High-E d Chemicals New Mate ials P oject – the 400,000 to s/yea DMTA (metha ol tolue e to a omatics) u it (the “Yu e g DMTA”) (EPC): the p oject was at the detailed desig stage, the site had e te ed the i stallatio stage, a d ove all p og ess app oached 10%.
CHN E e gy She hua Baotou Coal-to-Olefi Upg adi g Demo st atio P oject (the “She hua Baotou Coal-to-Olefi “) (EPC): the p oject was at the fi al stage of civil co st uctio , i stallatio was i full swi g, a d ove all p og ess exceeded 60%.
Xi jia g Sha e g MTO P oject (EPC): the p oject was at the detailed desig stage, the site was at the ea ly stage of civil co st uctio , a d ove all p og ess exceeded 10%.
Packages P1 a d P2 of Saudi A amco Riyas NGL P oject (the “Saudi Riyas P oject”) (EPC): the p oject’s desig had e te ed the fi alisatio stage, co st uctio had e te ed the peak i stallatio stage, a d ove all p og ess app oached 80%.
Ta k Fa m a d I teg atio P oject with SATORP Refi e y u de Saudi AMIRAL P oject (the “Saudi AMIRAL P oject”) (EPC): the p oject’s desig had e te ed the fi alisatio stage, co st uctio had e te ed the peak i stallatio stage, a d ove all p og ess app oached 80%.
Saudi A amco’s Jafu ah Gas Expa sio P oject Phase III (the “Saudi Jafu ah P oject Phase III”) (EPC): the p oject’s desig stage was completed, co st uctio had bee fully comme ced, a d ove all p og ess exceeded 60%.
Saudi A amco Ha adh GOSP-3 Oil-Gas Sepa atio a d P oductio E ha ceme t P oject (the “Saudi Ha adh P oject”) (EPC): the p oject was at the peak of desig a d p ocu eme t, co st uctio was at the comme ceme t stage, a d ove all p og ess exceeded 30%.
Kazakhsta Sille o Pet ochemical Complex P oject – Polyethyle e a d Utilities P oject (the “Kazakhsta Sille o PE & UIO P oject”): (1) The etha e c acki g u it (ECU) p oject (EPC)’s desig had e te ed the fi alisatio stage, co st uctio had bee fully comme ced, a d ove all p og ess exceeded 50%. (2) The polyolefi a d utilities (PE & UIO) p oject (EPC) had comme ced desig a d p ocu eme t wo k, a d ove all p og ess app oached 20%.
Kazakhsta Butadie e P oject (EPC): the p oject was at the comme ceme t stage, va ious p epa ato y wo ks we e p og essi g i a o de ly ma e , a d ove all p og ess was less tha 10%.
Alge ia LNG/MTBE P oject (EPCC): the p oject’s desig a d p ocu eme t wo k was substa tially completed, co st uctio was app oachi g the fi alisatio stage, a d ove all p og ess exceeded 90%.
Alge ia Hassi Refi e y P oject (EPC): the p oject was at the peak of desig a d p ocu eme t, co st uctio was at the comme ceme t stage, a d ove all p og ess exceeded 20%.
Tech ological I ovatio
Du i g the Repo ti g Pe iod, the G oup co ti ued to expa d the ope collabo atio i tech ological i ovatio . We successfully hosted the 6th Fluid Catalytic C acki g Tech ology Excha ge Co fe e ce, the Sulfu ic Acid a d Phosphate Fe tilise Desig I dust y Tech ology Excha ge Co fe e ce, a d the Si opec E vi o me tal P otectio Tech ology Excha ge a d Achieveme t T a sfo matio Semi a , a d othe i dust y co fe e ces. We deepe ed i dust y-u ive sity- esea ch collabo ative R&D with multiple esea ch i stitutes a d u ive sities i fields such as high-e d ca bo mate ials, biomass gasificatio , ca bo dioxide esou ce utilisatio , hyd oge sto age mate ials a d solid waste esou ce utilisatio .
Du i g the Repo ti g Pe iod, the G oup’s majo scie tific a d tech ological achieveme ts i cluded: (1) the “100,000 to es/yea POE u it” of Si opec Tia ji achieved mecha ical completio , a d the “100,000 to es/yea POE u it” of Zhe hai Refi i g & Chemical completed detailed desig , with the i dust ialisatio of high-e d polyolefi mate ials p og essi g steadily; (2) the fi st “millio -to e-scale ethyle e tech ology” lice sed to CNPC was calib ated at Jili Pet ochemical, with all i dicato s bette tha the desig values; (3) the Ca gzhou 20,000 to es/yea o ga ic liquid hyd oge sto age p oject passed accepta ce; (4) the wo ld’s fi st “50,000-to e-scale ca bo dioxide-based poly(p opyle e ca bo ate) (PPC) i dust ialisatio u it”, developed th ough coope atio , successfully p oduced qualified p oducts, achievi g i dust ialisatio of high-value utilisatio of ca bo dioxide; (5) the “biomass gasificatio flexible platfo m co st uctio p oject” of Hu a Pet ochemical achieved mecha ical completio , establishi g a co e tech ology ve ificatio platfo m fo the scaled utilisatio of biomass e e gy; (6) the “basic physical p ope ty database fo the pet ochemical i dust y” was officially lau ched, p ovidi g que y a d calculatio se vices fo co e data esou ces such as la ge-scale, high-quality basic physical p ope ties a d phase equilib ium expe ime ts; a d (7) special wo k was ca ied out o the i teg ated upg adi g a d p omotio of “memb a e deae atio ” tech ology.
Du i g the Repo ti g Pe iod, the G oup eceived a total of 35 p ovi cial a d mi iste ial o above level scie ce a d tech ology p og ess awa ds (times), of which the p oject “New Tech ology fo Liquid-Holdi g Pa ticle Fluidised Bed Ethyle e Polyme isatio Reactio ” eceived the seco d p ize of the Natio al Scie ce a d Tech ology P og ess Awa d.
Du i g the Repo ti g Pe iod, the G oup sig ed 187 ew tech ology developme t co t acts of va ious types with a total co t act value of RMB320 millio , a d 70 ew tech ology lice si g a d tech ology t a sfo matio co t acts with a total co t act value of RMB256 millio .
Du i g the Repo ti g Pe iod, the G oup filed 398 ew pate t applicatio s, of which 309 we e i ve tio pate ts; a d 185 ewly lice sed pate ts, of which 128 we e i ve tio pate ts. As at the e d of the Repo ti g Pe iod, the G oup had 4,774 valid pate ts, of which 2,673 we e i ve tio pate ts.
Applicatio of Adva ced Automatio Tech ology
Du i g the Repo ti g Pe iod, the G oup’s applicatio ate of automatic weldi g fo p ocess pipi g co ti ued to i c ease, a d ailless c awli g weldi g obots a d i e-axis/six-axis pipeli e weldi g obots we e widely deployed, amo g which the fi st-pass success ate of weldi g obots at the Maomi g P oject eached 99.9%. Fu ctio al ve ificatio of a p ototype of co fi ed-space ope atio obots with multi-sou ce se so fusio was ca ied out, a d i spectio path pla i g a d i tellige t ecog itio algo ithm developme t fo safety i tellige t i spectio obots i multiple sce a ios we e completed. Pilot i itiatives i cluded full-p ocess obotic ope atio s of a ti-co osio i side ta ks, i tellige t i spectio obot dogs, a d safety mo ito i g systems. New e e gy co st uctio machi e y, such as elect ic fo klifts a d ae ial wo k platfo ms, was also p omoted. The p omotio of Beidou sma t co st uctio site developme t, d ivi g the t a sfo matio of p oject ma ageme t towa ds visualised a d qua tifiable i tellige t models.
Du i g the Repo ti g Pe iod, the Jiujia g A omatics P oject u de take by the G oup, elyi g o desig docume ts a d 3D models a d usi g seco da y desig softwa e a d adva ced equipme t, built a automated, flow-li e a d i fo matio -based pipi g p efab icatio facto y, achievi g a upg ade f om t aditio al spo adic p efab icatio to a p ocess flow-li e facto y model, with the pipi g p efab icatio atio app oachi g 70%. The p oject fully impleme ted i teg ated modula co st uctio , completi g the multi-discipli a y i teg ated i stallatio of 69 st uctu al modules togethe with equipme t, pipi g, elect ical a d i st ume tatio (with a maximum weight of 572 to es pe si gle module), sig ifica tly imp ovi g co st uctio efficie cy a d i t i sic safety levels.
A tificial I tellige ce (AI) Applicatio s
The G oup co ti ues to deepe the i teg atio of AI with its co e busi ess, deepe i g i teg ated ma ageme t a d p actices ac oss collabo ative desig , supply chai , desig co st uctability studies, a d p oject i te face. Th ough the sta da disatio of busi ess chai p ocesses, i te co ectio of data chai s a d AI applicatio s i the tool chai , we optimises the i teg ated collabo ative wo ki g mecha ism fo e gi ee i g co st uctio , p ovidi g custome s with bette full-lifecycle i teg ated collabo ative value-added se vices.
(1) O the desig side, p ofessio al models have bee fo med i sce a ios such as i tellige t eview, p ocess safety a alysis a d st uctu al desig , a d ta gible esults have bee achieved i pla t-wide p ocess optimisatio , i tellige t d awi g a d 3D model eview. Amo g them, i tellige t desig eview has bee ve ified a d tested i multiple p ojects; i tellige t st uctu al desig has bee piloted i multiple p ojects; a d the i tellige t p ocess safety a alysis sce a io has completed HAZOP/SIL closed-loop a alysis a d epo ti g.
(2) O the ma ageme t side, a i tellige t supply chai ma ageme t system fo the full lifecycle of p ojects has bee built. A i teg ated platfo m fo ope atio ma ageme t, p oject ma ageme t a d co st uctio ma ageme t has bee developed to p omote the buildi g of sta da dised sma t co st uctio sites. O the ope atio ma ageme t side, ma ageme t systems such as QHSE a d huma esou ces a e u i g o li e, with i tellige t mo ito i g a d ea ly wa i g of ope ati g i dicato s such as p oject p og ess a d co t act assets, a d the “i tellige t co t act eview” sce a io has bee piloted. O the p oject ma ageme t side, full-lifecycle applicatio i teg atio has bee completed a d t ial ope atio has bee ca ied out i multiple p ojects. O the co st uctio ma ageme t side, a i tellige t subco t act esou ce ma ageme t system i teg ati g subco t acto i fo matio ma ageme t, assessme t a d evaluatio , co t acti g pla i g a d o -site supe visio , has bee built a d piloted.
(3) O the applicatio side, the collabo ative applicatio of 3D desig softwa e a d i tellige t co st uctio equipme t is deepe ed, co ti uous effo ts a e made to tackle i dust ial softwa e such as pipi g, physical p ope ty lib a ies a d p ocess simulatio , a d the i -depth applicatio a d capability ite atio of 3D desig platfo ms such as civil desig a d equipme t modelli g a e p omoted.
I tellige t P oductio , Ope atio a d Mai te a ce
The G oup co ti ues to expa d the b eadth a d depth of digital pla t delive y. We co ect the full-lifecycle digital chai of “desig – delive y – ope atio a d mai te a ce”, a d accele ates the co st uctio of the “p ocess emote tech ical suppo t ce t e” a d the “p ocess emote i tellige t suppo t se vice platfo m”. By i teg ati g dy amic ope atio data with mecha istic models, we achieve emote diag osis, p edictive mai te a ce a d p ocess optimisatio , with deepe ed applicatio i sce a ios such as ethyle e, coal gasificatio a d a ti-co osio . I pilot p ojects, we achieve a i c ease of 1 to 3 pe ce tage poi ts i the yield of key p oducts such as gasoli e a d p opyle e, a eductio of app oximately 1.6% i coal co sumptio of pla t ope atio , a d a eductio of ove 90% i the epo ti g bu de o pla t employees, c eati g high value-added ope atio assu a ce fo custome s.
Du i g the Repo ti g Pe iod, the value of ewly sig ed co t acts fo digital delive y a d i tellige t ope atio a d mai te a ce exceeded RMB50 millio .
QHSE Pe fo ma ce Remai ed Sou d
As at the e d of the Repo ti g Pe iod, the G oup had 2,069 o -goi g p ojects with app oximately 90,000 o -site employees o ave age pe day; the accumulated safety ma hou s eached 160 millio , with o majo safety, quality o e vi o me tal i cide t occu i g, a d the ESG ope atio al esilie ce co ti ued to st e gthe .
Du i g the Repo ti g Pe iod, the G oup ca ied out a special campaig o mate ial quality, cove i g key p ocesses such as p ocu eme t, supe visio a d i spectio ; fo the seve co e discipli es i cludi g civil wo ks, elect ical a d i st ume tatio , a d pipi g, it established g aded i spectio a d whole-p ocess t aceability mecha isms by wo k p ocedu e, achievi g full cove age of i spectio tie s a d t aceability of quality p ocesses, a d co ti uously p og essi g towa ds the goal of “ze o defects”.
Du i g the Repo ti g Pe iod, the G oup p omoted a i tellige t ide tificatio system fo p ocess safety isks, achievi g full cove age of supe visio a d i spectio of key p ojects; it co ducted egula special i spectio s fo high-tempe atu e a d flood seaso s, a d imp oved eme ge cy pla s cove i g 9 majo catego ies i cludi g p oductio accide ts, public safety a d atu al disaste s. I espect of occupatio al health, the “Health Ma ageme t Yea ” campaig was fu the deepe ed, a d the physical a d me tal health of employees was safegua ded th ough the impleme tatio of pe so alised health ma ageme t o a “o e pla pe pe so ” basis.
Du i g the Repo ti g Pe iod, the G oup completed the compilatio of the ew-ve sio “G ee E te p ise I itiative” evaluatio i dicato s a d “G ee Co st uctio Site” evaluatio guideli es, a d co ducted assessme ts of g ee ecological desig applicatio fo some comme ced u its. The eleva t assessme t outcomes will suppo t subseque t optimisatio of desig sta da ds a d achieveme t of i t i sic e vi o me tal p otectio .
Busi ess Outlook
I the seco d half of the yea , the G oup will focus o fou key di ectio s a d exe t g eat effo t to achieve the full-yea ta gets with high quality, the eby co ti uously st e gthe i g the ope atio al fou datio fo Sha eholde etu s.
Cultivate a Comp ehe sive Ma ket Layout
The ma ket developme t ta gets of the G oup fo 2026 a e ewly sig ed co t act amou t of RMB55 billio i domestic ma ket a d USD5 billio i ove seas ma ket. The G oup will fi mly exte d towa ds the f o t e d of the e gi ee i g i dust ial chai a d high-e d of value chai , co ti uously e ha ci g high-e d se vice capabilities such as co sulta cy, FEED a d detailed desig ; give full play to the i teg ated collabo atio adva tages of the e ti e i dust y chai , c eate highe value fo custome s with full-lifecycle holistic solutio s, a d build a ma ket developme t patte with a solid t aditio al co e busi ess, sustai ed eme gi g d ive s, a d domestic-ove seas coo di atio .
I the domestic ma ket, the G oup will seize oppo tu ities i a eas such as coal-to-oil/gas, efi i g a d chemical upg adi g, a d ew mate ials a d vigo ously expa d i to the ew e e gy secto to steadily i c ease ma ket sha e.
I ove seas ma kets, the G oup will fu the co solidate its p ese ce i key egio s such as the Middle East, Ce t al Asia, a d No th Af ica, actively expa d i to eme gi g ma kets, a d fi mly seize the oppo tu ities a isi g f om egio al developme t a d i dust ial ecove y. The G oup will accele ate its expa sio i to ew low-ca bo secto s i cludi g g ee hyd oge , g ee ammo ia, a d SAF, the eby p omoti g imp oveme ts i both scale a d quality of its i te atio al busi ess.
The G oup will co ti ue to develop its eme gi g busi ess a d push fo wa d i t acks such as chemical ew mate ials, g ee hyd oge /ammo ia/metha ol, biomass e e gy, i o ga ic chemicals, e e gy co se vatio a d e vi o me tal p otectio , aimi g to build a dive sified seco d g owth cu ve.
E ha ce P oject P ofitability
Deepe full-lifecycle ope atio a d co t ol. Co ti uously ca y out desig optimisatio a d p ecisely educe p oject i vestme t costs. Vigo ously p omote modula desig , facto y p efab icatio a d o -site assembly co st uctio , with the automatic weldi g applicatio ate fu the i c eased by 3 pe ce tage poi ts; p omote sma t co st uctio sites, weldi g obots a d othe i tellige t equipme t, deepe the sce a io impleme tatio of AI i desig optimisatio a d p oject ma ageme t, a d co ti uously imp ove ma ageme t efficie cy a d educe ope ati g costs.
Refi ed supply chai a d settleme t ma ageme t. I te sify the cultivatio of st ategic subco t acto s a d tap the sy e gy be efits of the supply chai . I c ease coo di atio with Chi ese supplie s a d logistics p ovide s to educe p ocu eme t costs; accele ate the establishme t of the ove seas p oject p ocu eme t ma ageme t system a d ove seas low-cost ope atio ce t es. Focus o full-lifecycle cost co t ol a d close-out eview of key ove seas p ojects, systematically summa ise expe ie ce a d lesso s, a d co ti uously imp ove the ope atio a d ma ageme t level of i te atio al p ojects.
St e gthe Co e Tech ological Adva tages
Focusi g o key di ectio s such as low-cost efi i g, biomass gasificatio , SAF, ecycli g a d high-value utilisatio of waste polyme mate ials, high-pe fo ma ce polyolefi s, e e gy co se vatio a d emissio eductio a d g ee a d low-ca bo developme t, a d i tellige t efi e ies, the G oup will coo di ate the optimisatio of tech ology sou ces a d e gi ee i g tech ology R&D. It will i te sify the ma ket p omotio a d b a d buildi g of its competitive tech ologies, c eate ma kets th ough tech ology, a d co ti uously e ha ce the Compa y’s co e i flue ce a d voice i the i dust y.
The G oup will e ha ce systematic e gi ee i g t a sfo matio capabilities, deepe ope i dust ial coope atio , st e gthe the i teg ated sy e gy amo g esea ch a d developme t, desig , ma ufactu i g a d co st uctio , a d expedite the i dust ialisatio
a d comme cial applicatio of i ovative achieveme ts.
The G oup will co ti ue to p omote the i -depth i teg atio of digital a d i tellige t tech ologies with the co e busi ess. Taki g i tellige t desig a d i tellige t ma ufactu i g as the sta ti g poi t, vigo ously p omote the i teg ated applicatio of a tificial i tellige ce ac oss the e ti e i dust y chai , accele ate b eakth oughs i key tech ologies fo the localisatio of e gi ee i g softwa e, imp ove the i tellige t tech ology platfo m system, a d facilitate the efficie cy upg ade of the e ti e e gi ee i g chai collabo atio .
St e gthe Risk P eve tio a d Co t ol
Build a full-lifecycle “comp ehe sive isk co t ol” system. St e gthe adva ce isk ma ageme t to the p oject’s ea lie stage, a d st ictly impleme t p oject i itiatio eview a d decisio -maki g p ocedu es. Co ti uously st e gthe ove seas public secu ity, complia ce, a d fiscal a d tax isk ma ageme t; establish dy amic ea ly wa i g a d eme ge cy pla mecha isms fo mac o isks such as geopolitics.
The G oup will e ha ce the mo ito i g of fi a cial a d ope atio al isks, a d st ictly co t ol va ious isks i cludi g capital, fo eig excha ge, a d taxatio . The G oup will also impleme t whole-p ocess a d all-facto cost co t ol, expedite the settleme t of completed p ojects a d the epat iatio of ove seas fu ds, the eby safegua di g the sou d a d stable ope atio s of the Compa y.
Summa y of Fi a cial Data a d I dicato s P epa ed i Acco da ce with I te atio al Fi a cial Repo ti g Sta da ds (“IFRS”)
U it: RMB’000
U it: RMB’000
~ E d ~
This p ess elease is issued by PRChi a Limited o behalf of SINOPEC E gi ee i g (G oup) Co., Ltd.
About SINOPEC E gi ee i g (G oup) Co., Ltd.
The G oup is a comp ehe sive se vice p ovide cove i g the e ti e e e gy a d chemical i dust y value chai a d full p oject lifecycles. With ove 70 yea s of histo y, it ope ates ac oss multiple i dust ial secto s, i cludi g pet oleum efi i g, pet ochemical, a omatics, ew coal chemical, i o ga ic chemical, pha maceutical chemical, clea e e gy, sto age a d t a spo tatio facility, as well as e vi o me tal p otectio a d e e gy co se vatio . The G oup is committed to p ovidi g global clie ts with full i dust y chai se vices, i cludi g e gi ee i g R&D, tech ical co sulti g, tech ology lice si g, e gi ee i g co sulti g, e gi ee i g desig , p oject ma ageme t, fi a ci g a d EPC (e gi ee i g, p ocu eme t a d co st uctio ) co t acti g. Its se vices also cove mate ial p ocu eme t, equipme t ma ufactu i g, co st uctio a d i stallatio , la ge-scale equipme t lifti g a d t a spo tatio , p e-commissio i g a d commissio se vices as well as ope atio a d mai te a ce. The G oup has delive ed, o schedule, hu d eds of mode chemical pla ts featu i g la ge i vestme t scales, complex p ocesses, adva ced tech ologies a d high-quality sta da ds fo clie ts i mo e tha 30 cou t ies a d egio s. Ove the yea s, it has built exte sive a d stable clie t elatio ships a d ea ed sig ifica t i dust ial i flue ce a d social ecog itio .
Disclaime
This p ess elease i cludes “fo wa d-looki g stateme ts”. All stateme ts, othe tha stateme ts of histo ical facts that add ess activities, eve ts o developme ts that the G oup expects o a ticipates will o may occu i the futu e (i cludi g but ot limited to p ojectio s, ta gets, othe estimates a d busi ess pla s) a e fo wa d-looki g stateme ts. The G oup’s actual esults o developme ts may diffe mate ially f om those i dicated by these fo wa d-looki g stateme ts as a esult of va ious facto s a d u ce tai ties, i cludi g but ot limited to the p ice fluctuatio , possible cha ges i actual dema d, fo eig excha ge ate, ma ket sha es, competitio , e vi o me tal isks, possible cha ges to laws, fi a ce a d egulatio s, co ditio s of the global eco omy a d fi a cial ma kets, political isks, possible delay of p ojects, gove me t app oval of p ojects, cost estimates a d othe facto s beyo d the G oup’s co t ol. I additio , the G oup makes the fo wa d-looki g stateme ts efe ed to he ei as of today a d u de takes o obligatio to update these stateme ts.
I vesto a d Media E qui ies:
SINOPEC E gi ee i g (G oup) Co., Ltd.Office of the Boa dTel: (86) 10 5673 0525Email:
PRChi a LimitedJi LIU / Liky GUOTel: (852) 2522 1838 / (852) 2522 1368Fax: (852) 2521 9955Email:
