HONG KONG, CHINA / ACCESSWIRE / August 23, 2021 / SINOPEC Engineering (Group) Co., Ltd. (“SEG” or the “Company”, calm with its subsidiaries collectively accepted as the “Group”) (stock code: 2386) today announces its acting after-effects for the six months concluded 30 June 2021 (the “Reporting Period”).
On the aboriginal bisected of 2021, anon adverse the challenges, the Aggregation absolutely grasped the development befalling of the automated adjustment of Sinopec of “focus on architecture activity assets as the foundation, apple-pie activity and constructed abstracts as the two wings, and new energy, new abridgement and new fields as important advance points”, absolutely answer the advance and transformation of the adorning and actinic industry, circumscribed the acquirement base, and fabricated efforts to accomplish accession and advance in fields such as hydrogen activity industry chain, new material, new activity and agenda engineering; explored the advantage of collectivization to advance the ability of integration, did a acceptable job in bazaar development, activity execution, safe assembly and catching blockage and control. During the Reporting Period, the Aggregation accustomed the absolute acquirement of RMB26.851 billion, an access of 12.8% compared with the aforementioned aeon of aftermost year period-on-period, and the net accumulation was RMB1.347 billion, with a period-on-period access of 6.9%. The amount of new affairs entered into by the Group was RMB36.663 billion, which remained abiding period-on-period. Afterwards due appliance of the Group’s earnings, acknowledgment to the Shareholders and the needs for approaching acceptable development, the Lath recommended 2021 acting allotment of RMB0.091 per Share.
QHSE administration adjustment ability is consistently improved. The Group consistently adhered to the amount amount of QHSE as People-oriented and Affection First, consistently bigger QHSE administration adjustment and finer implemented accumulated responsibility, accomplished double-victory of catching blockage and ascendancy as able-bodied as safe production, was chargeless from affirmation accidents, affection accidents and ecology aegis accidents, and chargeless from afterlife which is not accompanying to assembly and accessible affirmation incidents. The Group has been advance a “zero infection” almanac in the area of China, and has kept the all-embracing accident of accessible affirmation and catching for across projects beneath control. As at the end of the Reporting Period, a absolute of 141 actor hours of safe assignment accept been accomplished accumulatively; the agents anesthetic amount is 88.2%, overfulfilling the anesthetic amount target.
Steady architecture development of above projects. In the aboriginal bisected of 2021, the Group has adequate all-embracing planning of resources, calmly answer the architecture of largescale adorning and actinic affiliation and awkward oil accumulator ability activity cluster, accomplished high-quality average handover of Zhenhai Adorning and Actinic Ethylene Amplification Activity and bartering awkward oil accumulator activity of assorted places, about completed Fujian Gulei Adorning and Actinic Affiliation Project, and fabricated bland advance of Ethylene and Oil Adorning About-face and Amplification Activity of Hainan Adorning & Chemical, laying a foundation for the Aggregation to apprehend acceptable benefits. As at the end of the Reporting Period, the Group’s excess was RMB115.466 billion, apery an access of 9.3% compared to that as at 31 December 2020, and was 2.2 times of the absolute acquirement of RMB52.353 billion in 2020.
Intensified efforts in abstruse innovation. In the aboriginal bisected of the year, the Aggregation connected to access its efforts on abstruse innovation. Absorption on abstruse difficulties and avant-garde technologies, the Group has committed on the analysis of oil conversion, oil specialty conversion, high-end materials, hydrogen activity industry chain, activity attention and ecology protection, and the new energy, new abridgement and new fields cardinal industries. Of which, two sets of high-end carbon plants accept produced able products, which set acceptable examples for the approaching transformation and advance of coking plants. Maoming POE, Guizhou PGA, high-pressure polyolefin and added projects were avant-garde effectively. The abundant architecture of the blooming accomplishment of high-grade polybutene-1 adhesive activity technology and accessories R&D and chip application, and third-generation aromatics technology with automated appliance accept been completed. Added projects are avant-garde steadily as planned. In acceding of “carbon aiguille and carbon neutrality” research, the Group and Chinese Academy of Sciences and several added units accordingly accustomed a carbon aloof and blooming technology analysis and development center, and strive to calmly transform accurate analysis after-effects into productivity.
Chairwoman of SEG, Ms. Sun Lili said: “This year is the aboriginal year of the “14th Five-Year Plan”. We analyzed the accepted situation, planned our strategies, and anxiously laying out the development of the “14th Five-Year Plan”. We adventurous avant-garde to be “the country’s craftsmen”, accustomed the development eyes of “creating the world’s arch technology-leading engineering company”, and formulated the development activity of ” value-led, innovation-driven, blooming and clean, talent-based activity development, all-around development, admixture and co-existence”. With “engineering accession and amount creation” as drivers, we are advancing appear the ambition of high-quality development. In the aboriginal bisected of this year, amidst the circuitous and ever-changing alien environment, we tackled challenges, adequate all-embracing planning, connected innovation, and deepened reforms, and accomplished absolute after-effects on above areas. The accomplishment is the aftereffect of the collective efforts of the lath of directors, administration and all employees, and it is additionally inseparable from the able abutment of shareholders and the society. This year is the 9th ceremony of the company’s advertisement in Hong Kong. Thanks to anybody for the affirmation and abutment to the company. I achievement that our supporters can abide to chase carefully on the Company’s development and abound with the company. I accept with the collective efforts of the lath of directors, administration and all employees, with the able abutment of shareholders and the society, SEG will be able to abode a new affiliate of high-quality development and actualize greater amount for shareholders and the society.”
Business Review and Highlights
Forge avant-garde in bazaar development
During the Reporting Period, the Group connected the accelerated assignment in the calm market. The Group entered into new affairs for a cardinal of ample projects, accommodate 1 actor t/a ethylene and oil adorning about-face and amplification activity of Hainan Adorning & Actinic with a absolute adjustment amount of about RMB9.506 billion, the EPC adjustment of Wenzhou LNG accepting abject activity with a absolute adjustment amount of about RMB3.364 billion, engineering architecture adjustment of aesthetic actinic activity of North Huajin with a absolute adjustment amount of about RMB626 million, architecture adjustment of Ningbo PTA activity of Formosa Chemicals Industries with a absolute adjustment amount of about RMB778 million.
During the Reporting Period, the Group has fabricated a above advance in the Russian market. The Group entered into new affairs for ethylene bulb architecture activity of Amurskaya Oblast AGCC activity of Russia with a absolute adjustment amount of about USD942 million; the Group won the bid for the MTO bulb activity amalgamation architecture adjustment for accustomed gas actinic circuitous of Uzbekistan, so that SMTO technology of SINOPEC went away for the aboriginal time; and alive melamine PDP – FEED architecture adjustment of Malaysia, and will strive to affirmation EPC adjustment in the abutting step.
Quick and abiding accomplishing of above projects
Strong abutment for engineering service
During the Reporting Period, the Group overcame the appulse of the epidemic, actively agitated out the accustomed activity to “tackle key problems and added efficiency”, strengthen the all-embracing planning of activity assets and ensure the bland operation of the projects; adequate the allocation of key projects construction, ensured the connected advance of all assignment by relying on the alien collaborative assignment system; absorption on advantage and progress, the Group implemented the “triple warning” for advance deviation, acquirement aberration and account deviation, rectified the aberration in a appropriate manner, and adequate closed-loop management; through optimising the architecture workflow and able analysis interface, the Group adequate standardization, integration, modular architecture and modular architecture to advance the ability of architecture and construction.
During the Reporting Period, the Group connected to strengthen the architecture of subcontracting administration system, and dynamically evaluated the operational capability of the QHSE (Quality, Health, Affirmation and Environment) adjustment of cardinal subcontractors; connected to strengthen the agronomics of cardinal subcontractors, optimized the allocation of subcontracting resources, and ensured the quality, safety, advance and amount ascendancy of activity construction; bigger the subcontracting assets and advice administration platform, accomplished the chip administration of subcontractor ability basin and subcontractor evaluation, and optimized the subcontracting administration cost. While ensuring the accumulation of abstracts for assorted architecture projects, the Group has actively explored agency and agency to advance accretion management, accretion efficiency, amount abridgement and ability promotion, bigger administration regulations, connected to advance the convenance of framework acceding accretion and centralized procurement, and adequate accretion administration for across projects, areas of which witnessed arresting progress.
Hydrogen activity low-carbon and energy-saving ecology aegis business has connected to expand
During the Reporting Period, authoritative alive acknowledgment to the “carbon peak” and “carbon neutrality” objectives, the Group has fabricated alive adjustment and efforts to breed hydrogen energy, low carbon and ecology aegis businesses. Firstly, undertake the accumulation assignment of 2 civic standards and 1 Sinopec accepted accompanying to hydrogen-filling stations, and undertake the architecture of the aboriginal accumulation of hydrogen-filling stations of Sinopec; secondly, advance the architecture of photovoltaic-to-hydrogen projects in Kuqa of Xinjiang and Erdos, the two projects will become the world’s bigger blooming hydrogen assembly projects afterwards achievement of construction; thirdly, in accord with Sinopec Dalian Analysis Institute and Sinopec Gaoqiao Petrochemical, complete a affirmation accessory for high-purity hydrogen production, so as to clarify by-product hydrogen to 99.999%; fourthly, affirmation a cardinal of affairs for activity administration projects, actively advance carbon cast appraisal service, and undertake analysis assignment for a cardinal of energy-saving subjects; fifthly, in the acreage of clay restoration, carefully chase up abuse armpit apology projects of assorted regions of China, and strive to aggrandize new business areas; sixthly, in fields such as VOC blockage and control, CO2 accumulating and wastewater treatment, advance abstruse affluence to accommodate aerial affection solutions for owners; and seventhly, in accord with Institute of Activity Engineering of Chinese Academy of Sciences and Yanshan Petrochemical, authorize Carbon Neutrality Blooming Technology Collective Analysis and Development Center, so as to abundantly advance acquaintance and advantages to advance the transformation of accompanying accurate and abstruse achievements.
New breakthroughs accept been fabricated in agenda engineering construction
During the Reporting Period, absorption on enactment of agenda engineering system, the Group makes all-embracing plan for top-level architecture and activity plan of agenda transformation, continuously improves Abundant Rules for the Accomplishing on Agenda Commitment of Petrochemical Activity and abstracts library and abstracts structure, optimizes and enhances the affiliation belvedere of activity agenda commitment and acceptance, and deepens the optimization, admixture and appliance of activity agenda twins and able branch operation, aliment and production, so as to body agenda branch architecture criterion affirmation of key projects such as China-Kuwait Adorning and Actinic Affiliation Activity and Gulei Adorning and Actinic Affiliation Activity from the architecture source.
In acceding of agenda engineering belvedere construction, accommodate and enhance integrated-design berry files, advance the engineering basic abstracts activity appliance such as the unified engineering abstracts library, fable library, arrangement files and others, array and optimize activity administration affairs abstracts such as chip architecture operation apprenticeship manual, workflow and others, agilely advance the development of three-dimensional collaborative architecture belvedere and able architecture accoutrement of all disciplines, clarify and coalesce chip architecture archetypal activity book navigation, and assiduously advance architecture ability and branch architecture quality.
In acceding of automated agenda able application, focus analysis and development on arrest key problems for key technologies for desktop hydrogen-filling accessory activity archetypal of adorning and actinic factory, booty the advance in accomplishing of projects such as “Chinese Central State-owned Enterprises Automated Internet Belvedere Collaborative Advance Mechanism Pilot Activity of State-owned Assets Supervision and Administration Commission”, “Design Simulation Automated Software Adaptation Verification Centermost of Ministry of Industry and Advice Technology” and “Equipment Domain Affiliation Appliance Architecture of Sinopec”, analyze the enactment of a collaborative bunch featuring abstracts breeze admixture throughout all procedures of abounding activity aeon of project, accordingly body a new automated approach of cooperation in which the account needs of the absolute industry alternation are accompanying with the interests of accordant parties, and advance chump agenda enabling, able operation and chip approach reproduction.
Strategically adviser and strengthen acceptable development
The Group has absolutely analyzed the development environment, befalling and claiming of the company, planned the assignment account and cardinal priorities during the “14th five-year plan” period, organized and formulated the development plan during the “14th five-year plan” period, authentic the development eyes of “building the world’s arch technology-oriented engineering company”, demography “becoming an chip account provider with accomplished industry alternation and accomplished activity aeon in activity and actinic industry” as its development orientation, “engineering accession and amount creation” as its development priority, and “value-led, innovation-driven, blooming and clean, talent-based activity development, all-around development, admixture and co-existence” as development strategy. At present, the Group is greatly announcement accumulated ameliorate and advance administration effectiveness, alike the development of all business segments, anatomy the advantages of collectivization scale, apply the affiliation synergy effect, advance and extend the business alternation on the abject of accumulation the acceptable and amount business areas, and accomplish the high-end business bigger and stronger.
Looking avant-garde to the additional bisected of 2021, although China has been subjected to the huge appulse of the COVID-19 catching and the access of astringent and circuitous all-embracing situations, China’s abridgement has remained abiding recovery, new active activity has developed rapidly, and bread-and-butter development has apparent a abiding accretion and abiding development trend; at the aforementioned time, aiming for the ambition of “carbon peak” and “carbon neutrality”, the calm adorning and actinic industry gradually advance appear high-end, accelerated and adverse trend, and advance the addendum of the industry against the aerial end of amount chain.
In account of the bazaar development, in the additional bisected of 2021, the Group will abide to advance the all-embracing development of key markets, In the advantageous fields such as adorning and petrochemical integration, absolute appliance of ablaze hydrocarbons, actinic new abstracts and accustomed gas utilization, apply the advantages of “large-forces combat”, and consolidate and enhance bazaar share; advance the advance of the fields such as new energy, new materials, activity extenuative and ecology protection, appropriate the bazaar opportunities of renewable energy, carbon assets and hydrogen resources, advance the architecture of affirmation devices; extend the account alternation in the fields of agenda delivery, modular architecture and construction, high-end manufacturing, and new analysis and aliment services, etc. In acceding of across bazaar development, although the Group fabricated a above advance in the Russian bazaar in the aboriginal bisected of this year, signing a architecture activity adjustment of USD940 million, but due to the continuing access of the epidemic, best of behest projects in the Middle East bazaar accept been postponed, and about speaking, the antagonism of behest projects has become added intense, bringing greater ambiguity to the achievement of across bazaar development targets of this year. Overseas, the Group will assignment hardly in acceptable markets and steadily analyze new markets beneath the arrangement of affirmation of ability as able-bodied as blockage and ascendancy of risks, and strive to apprehend abiding accretion and development of across business afterwards the epidemic.
In account of activity management, in the additional bisected of 2021, calm catching blockage and ascendancy will become a new normal, the accident of across catching advance is still huge, ambiguity of across assembly and business activities will rise. The Group will focus on both catching blockage and ascendancy as able-bodied as assembly and business operation, backpack out accustomed activity to “tackle key problems and enhance efficiency”, ensure to steadily actuate key projects as planned, and booty able measures to analyze the abeyant of efficiency; strengthen the all-embracing allocation and key ecology of above calm projects to anticipate a backlash of the epidemic, and accent the aboriginal planning and affirmation of accomplishing activity of key projects; strengthen activity activity control, break problems absolute in the activity accomplishing activity in time, abate activity administration risks, and ensure the bland accomplishing of key projects; alike and optimize the ability allocation of the activity beneath the altitude of ensuring safety, affection and controllable schedule, and demography the access of the company’s allowances as the guideline. The Group will abide to do a acceptable job in catching blockage and ascendancy based on the abstraction of “life first” and an attitude of actuality awful amenable appear all employees, and at the aforementioned time, strengthen humanistic affliction to ensure the activity affirmation and brainy bloom of employees.
In account of technology analysis and development, in the additional bisected of 2021, while deepening and optimizing acceptable adorning and actinic businesses, the Group will carefully centermost on the development eyes of “creating a world-leading technology-oriented engineering company”, focus on advance of accurate analysis and development in engineering and abstruse fields such as key amount technologies and key amount equipment, added strengthen technology source-seeking and cooperation, and actively aggrandize the engineering development of activity extenuative technology, carbon abduction technology and CO2-to-olefin technology accompanying to “carbon peak” and “carbon discharge reduction”, while deepening the abstruse accession capabilities in the acreage of apple-pie activity and new materials, accord abounding comedy to the affiliation advantages of the Group in technology, advance the affection of engineering casework through abstruse innovation, architecture a abstruse cast acceptability with aerial affection service, advance the accomplished genes of technology-based activity and accession for development, and acceptable the new drive for accession and development of the Group.
Summary of Banking Abstracts and Indicators Prepared in Accordance with All-embracing Banking Reporting Standards (“IFRS”)
~ End ~
This columnist absolution is issued by PRChina Bound on account of SINOPEC Engineering (Group) Co., Ltd.
About SINOPEC Engineering (Group) Co., Ltd.
The Group is a arch activity and actinic engineering aggregation in the PRC with able all-embracing competitiveness and can accommodate calm and across audience with all-embracing solutions for petrol refining, petrochemicals, aromatics, atramentous chemicals, asleep chemicals, biologic chemicals, apple-pie energy, accumulator and busline facilities, ecology aegis and activity saving, amid added industry sectors. The Group is an chip account provider for the accomplished industry alternation and the accomplished activity aeon in activity and actinic industry and can accommodate all-embracing industry alternation casework including engineering consulting, technology licensing, activity administration contracting, costs assistance, EPC (engineering, accretion and construction) contracting, as able-bodied as design, procurement, architecture and installation, appropriation and busline of ample equipment, precommissioning and start-up.
After about 70 years of connected development, the Group currently has an academician of the Chinese Academy of Sciences, three academicians of the Chinese Academy of Engineering and added than10,000 professionals. The Group has affluent activity administration and accomplishing experience, and owns and cooperatively owns patents and ability in amount business areas. The Group has delivered on agenda hundreds of avant-garde factories with astronomic investment, complicated process, avant-garde technology and aerial affection to audience in added than 20 countries and regions about the world, accustomed abiding and abiding accommodating relationships with ample activity and actinic enterprises at home and abroad, maintained an all-encompassing and abiding applicant base, and enjoys arresting automated access and amusing reputation.
In the future, adhering to the development acclimatization of “Integrated Account Provider with Accomplished Industry Alternation and Accomplished Activity Aeon in Activity and Actinic Industry”, the Group will abject itself on the activity and actinic engineering architecture industry, continuously augment its business ambit and extend its amount chain, assiduously advance the akin of safe, efficient, blooming and lowcarbon account in the business chain, and actualize a new drive in accomplishing the accumulated eyes of “building the world’s arch technology-oriented engineering company”.
This columnist absolution includes “forward-looking statements”. All statements, added than statements of absolute facts that abode activities, contest or developments that the Group expects or anticipates will or may action in the approaching (including but not bound to projections, targets, added estimates and business plans) are avant-garde statements. The Group’s absolute after-effects or developments may alter materially from those adumbrated by these avant-garde statements as a aftereffect of assorted factors and uncertainties, including but not bound to the amount fluctuation, accessible changes in absolute demand, adopted barter rate, bazaar shares, competition, ecology risks, accessible changes to laws, accounts and regulations, altitude of the all-around abridgement and banking markets, political risks, accessible adjournment of projects, government approval of projects, amount estimates and added factors above the Group’s control. In addition, the Group makes the avant-garde statements referred to herein as of today and undertakes no obligation to amend these statements.
Investor and Media Enquiries:
Joanne Liu / Rachel Xia / Jack Liu Tel: (852) 2522 1838 / (852) 2522 1368 Fax: (852) 2521 9955 Email: [email protected]
SOURCE: China Petroleum and Actinic Corporation
View antecedent adaptation on accesswire.com: https://www.accesswire.com/660873/SEG-Announces-2021-Interim-ResultsStable-and-Orderly-Production-and-Operation-Revenue-and-Profit-Maintain-Continious-Growth
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