SINOPEC SEG Reports RMB 61.349 Billion in New Contracts for First Three Quarters

Stock News
10/21

SINOPEC SEG (02386) has announced that for the nine months ended September 30, 2026, the group's total value of newly signed contracts amounted to RMB 61.349 billion.

For the three months ended September 30, 2026, the group's total value of newly signed contracts was RMB 9.438 billion. Representative contracts are as follows:

1. An EPC general contracting contract signed with Sinopec Qilu Branch for the 1 million tonnes/year ethylene unit, 10 million tonnes/year atmospheric and vacuum distillation unit, and 1.5 million tonnes/year continuous reforming unit of the Luyou Lulian transformation and upgrading technical renovation project, with a total contract value of approximately RMB 5.120 billion;

2. An EPC general contracting contract signed with Shaanxi Yanchang Petroleum Yulin Coal Chemical Co., Ltd. for the vinyl acetate joint unit of the ethanol and acetic acid downstream products project (Phase I), with a contract value of approximately RMB 797 million;

3. An engineering design and technical services contract signed with the Ordos Coal-to-Liquids Branch of China Shenhua Coal to Liquid and Chemical Co., Ltd. for certain units of the CHN Energy Ordos Coal Liquefaction Upgrade Demonstration Project, with a contract value of approximately RMB 154 million.

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