SINOPEC SEG (02386) released its annual performance, with a net profit attributable to shareholders of 1.798 billion yuan, a decrease of 27.1% year-on-year.

SINOPEC SEG (02386) announced its annual performance ending on December 31, 2025. The group achieved a revenue of 70.074 billion yuan (RMB, same currency) during the period, a year-on-year increase of 9.2%; the net 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 planned 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 main reason for the 9.2% year-on-year revenue growth was the peak settlement period for large projects such as Huajin, Saudi Riyas, and Mango Ethylene. During the reporting period, the group signed new contracts amounting to 101.248 billion yuan, an increase of 0.6% year-on-year. At the end of the reporting period, the group had an unfinished contract amount of 203.85 billion yuan, covering 2.9 times the total income of 70.074 billion yuan in 2025. In the domestic market, the group deepened cooperation with strategic customers, strengthened integrated promotion, and continued to increase market share with overall solutions. While consolidating the core advantages of traditional businesses, the group continued to expand into new technologies, new materials, new energy, and other businesses. During the reporting period, representative contracts signed 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-ton 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 demonstration project of 15 million tons/year clean and efficient conversion of coal quality at Shanxi Coal Yulin Chemical (Shanxi Coal Yulin Coal Chemical Project), with a total contract amount of approximately 2.772 billion yuan; and the EPC general contracting contract for the MTO and olefin separation unit of Baotou Coal-to-Olefin upgrading demonstration project of China Energy Shenhua Baotou (Shenhua Baotou MTO), with a total contract amount of approximately 2.367 billion yuan. During the 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 in the clean energy and new energy sectors, with a total new contract value of approximately 18 billion yuan; and 308 contracts in emerging fields such as new materials, new technologies, energy saving, environmental protection, with a total new contract value of approximately 92 billion yuan. In the overseas market, the group accelerated the construction of a more diversified, balanced, and resilient global market network. It increased cooperation with international industry partners and high-level visits and promotion exchanges with strategic customers. During the reporting period, representative contracts signed in the overseas market included the EPC general contracting contract for the Hassi Refinery project in Algeria (Hassi Refinery project), with a contract amount of approximately 2.058 billion US dollars; the EPC general contracting contract for the polyethylene and utility engineering project of the Silleno Petrochemical Complex Project in Kazakhstan (Silleno PE & UIO project), with a contract amount of approximately 1.902 billion US dollars; the EPC general contracting contract for the production increase project for oil and gas separation at Haradh GOSP-3 in Saudi Aramco (Saudi Haradh project), with a contract amount of approximately 0.707 billion US dollars; and the EPCC general contracting contract for the reorganization project at the Oran El Zer Refinery in Algeria (El Zer Refinery project), with a contract amount of approximately 0.433 billion US dollars.