SEG Announces 2024 Interim Results

SINOPEC Engineering (Group) Co., Ltd. (SEG) reported its interim results for the first half of 2024, showing steady progress despite global challenges. The Group achieved a revenue of RMB28.553 billion and a net profit of RMB1.319 billion. New contract values reached RMB50.066 billion, reflecting strong market performance.

SEG declared an interim dividend of RMB0.150 per share, with a payout ratio of 50%. The company also repurchased 13,836,500 H shares for HKD67.75 million. Additionally, SEG was included in the Hang Seng Composite Index, highlighting its market recognition.

Innovation and international expansion were key drivers, with overseas contracts growing by 117.8%. Domestically, SEG secured significant engineering design and EPC contracts, further solidifying its leadership in the PRC engineering sector.

Technological advancements and enhanced project management capabilities reinforced SEG's market position. The Group's inclusion in the Hang Seng Index marks a milestone, indicating strong investor confidence.

Looking ahead, SEG aims to leverage opportunities in new materials, green energy, and international markets, focusing on sustainable growth and long-term shareholder value.