Sinopec SEG announces 2017 interim results

On August 21, SINOPEC Engineering (Group) Co., Ltd. (SEG) announced its interim results for the six months ended 30 June 2017 at a news conference in Hong Kong. Ling Yiqun, Vice President of Sinopec Group and Chairman of SEG, attended the conference.

In the first half of 2017, SEG realized revenue of RMB13.764 billion. Net profit amounted to RMB835 million and basic earnings per share were RMB0.19. The Board decided to distribute an interim dividend of RMB0.056 per share, maintaining a stable dividend payout ratio.

Mr. Ling Yiqun said, " SEG will keep working on the overall solutions involving natural gas, new coal chemicals, environmental protection, energy saving and relevant industries on the basis of consolidating its conventionally advantaged businesses such as oil refining and petrochemical industries for the purpose of creating innovation system focusing on technology innovation by further deepening the reorganization of specialized engineering, regulating internal transactions and optimizing allocation of resources. SEG will actively take the good opportunities brought by domestic market and further increase the value of new contracts; in addition, SEG will make good use of the favorable policies associated with the Belt and Road strategic development, further consolidate the existing market, actively expand the markets in the countries alongside the Belt and Road and keep improving SEG's overall profitability and risk resistance ability in relation to overseas businesses.”




       凌逸群表示,炼化工程集团将在巩固炼油、石油化工传统优势业务的基础上,继续打造天然气、新型煤化工、环保和节能等行业的整体解决方案,构建以技术创新为核心的创新体系,进一步深化专业化重组、规范内部交易、优化资源分配;充分把握国内市场向好的机遇,进一步提高新签合同量;利用好“一带一路”发展所配套的各项有利政策,进一步巩固现有市场并大力开拓沿线国家市场,不断提升海外业务整体盈利能力和抗风险能力。 (单 凯 杨 悦)