SINOPEC SEG (02386) releases annual performance, shareholders' net profit of 1.798 billion yuan decreased by 27.1% year-on-year.

SINOPEC SEG (02386) released its annual performance for the year ending December 31, 2025, with a revenue of 70.074 billion yuan, an increase of 9.2% year-on-year. The profit attributable to equity holders of the company was 1.798 billion yuan, a decrease of 27.1% year-on-year. Basic earnings per share were 0.41 yuan; it is proposed to distribute a final dividend of 0.104 yuan per share and a special dividend of 0.094 yuan per share. The announcement stated that the 9.2% increase in revenue was mainly due to large projects such as Huajin, Saudi Riyas, and Mango Ethylene entering the peak settlement period, leading to an increase in revenue. During this reporting period, the group signed new contracts worth 101.248 billion yuan, a 0.6% year-on-year increase. At the end of this reporting period, the group had uncompleted contract amounts of 203.85 billion yuan, which is 2.9 times the total annual revenue of 70.074 billion yuan in 2025. In the domestic market, the group deeply cultivated strategic customers, strengthened integrated promotion, and continuously increased market share with overall solutions. While consolidating traditional business core strengths, the group continued to expand into new technologies, materials, and new energy businesses. During this reporting period, representative new contracts in the domestic market included the EPC general contracting contract for the Maoming Ethylene project of China Petroleum & Chemical Corporation, with a total contract amount of approximately 11.821 billion yuan; the EPC general contracting contract for the Luoyang Million Tons Ethylene Project (Luoyang Ethylene Project) of China Petroleum & Chemical Corporation, with a total contract amount of approximately 6.553 billion yuan; the EPC general contracting contract for the Yulin Chemical 15 million tons/year Clean and Efficient Coal Conversion Demonstration Project (Yulin Coal Chemical Project) of Shanmei, with a total contract amount of approximately 2.772 billion yuan; and the MTO and Olefin Separation project upgrading the Inner Mongolia Baotou Coal-based Olefin Project (Baotou MTO) of China National Energy Shenhua, with a total contract amount of approximately 2.367 billion yuan. During this reporting period, the group signed 348 new contracts in emerging business areas, with a total contract value of approximately 11 billion yuan. Among them, there were 40 contracts from the clean energy and new energy sectors, with a total new contract value of approximately 1.8 billion yuan; and there were 308 contracts from emerging fields such as new materials, new technologies, energy conservation, and environmental protection, with a total new contract value of approximately 9.2 billion yuan. In the overseas market, the group is accelerating the construction of a more diversified, balanced, and resilient global market network. It is strengthening cooperation with international counterparts and increasing high-level visits and promotional exchanges with strategic clients. In this reporting period, representative new contracts in the overseas market included the EPC general contracting contract for the Hassi Refinery project in Algeria (Hassi Refinery project), with a total contract amount of approximately 2.058 billion US dollars; the EPC general contracting contract for the Polyethylene and public engineering project of the Silleno Petrochemical Complex project in Kazakhstan (Silleno PE & UIO project), with a total contract amount of approximately 1.902 billion US dollars; the EPC general contracting contract for the Haradh Gas and Oil Separation Project in Saudi Aramco (Haradh project), with a contract value of approximately 0.7 billion US dollars; and the EPCC general contracting contract for the El Zerz Refinery Reconfiguration Project in Oran, Algeria (El Zerz Refinery project), with a contract value of approximately 4.33 billion US dollars.