Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sinopec Engineering Group Co Ltd. Regulatory Filings 2017

Oct 17, 2017

14896_rns_2017-10-17_10c7b932-aa8b-412b-8d36-b367a00cc3b7.pdf

Regulatory Filings

Open in viewer

Opens in your device viewer

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [43 x 44] intentionally omitted <==

中石化煉化工程(集團)股份有限公司 SINOPEC Engineering (Group) Co., Ltd.[*]

(a joint stock limited liability company incorporated in the People’s Republic of China)

(Stock Code: 2386)

CLARIFICATION ANNOUNCEMENT IN RELATION TO VOLUNTARY ANNOUNCEMENT OF TOTAL NEW CONTRACT VALUE AND BACKLOG

Reference is made to the voluntary announcement of SINOPEC Engineering (Group) Co., Ltd. (the “ Company ”, together with its subsidiaries, the “ Group ”) dated 16 October 2017 in relation to the representative new contracts entered into by the Group for the three months ended 30 September 2017, the total value of new contracts for the nine months ended 30 September 2017 and the backlog as at 30 September 2017 (the “ Announcement ”). Unless otherwise defined, capitalised terms used herein has the same meaning as those defined in the Announcement.

The Company noted that there were certain inadvertent typographical errors contained in the Announcement. The Company would like to clarify that, during the nine months ended 30 September 2017, the total value of new contracts entered into by the Group amounted to RMB27.364 billion, representing an increase of 87.01% as compared to RMB14.632 billion for the nine months ended 30 September 2016; as at 30 September 2017, the backlog of the Group amounted to RMB94.088 billion, representing an increase of 6.71% as compared to RMB88.173 billion as at 31 December 2016; during the three months ended 30 September 2017, the total value

— 1 —

of new contracts entered into by the Group amounted to RMB9.595 billion. The data contained in the table set forth on pages 3 and 4 of the Announcement shall be as follows:

**Total of New Contract ** **Total of New Contract ** Value Backlog
For the nine months As at
ended 30 September 2017 **30 September ** 2017
Percentage Percentage
(RMB thousand) (%) (RMB thousand) (%)
Business segments
Engineering,
Consulting and
Licensing 3,115,580 11.39 8,307,506 8.83
EPC Contracting 11,564,536 42.26 69,446,470 73.81
Construction 11,996,477 43.84 15,745,485 16.73
Equipment
Manufacturing 687,360 2.51 588,694 0.63
Total 27,363,953 100.00 94,088,155 100.00
Industries in which the Group’s clients operate
Oil Refining 6,598,614 24.11 29,467,996 31.32
Petrochemical 15,115,826 55.24 27,084,896 28.79
New Coal Chemicals 1,367,794 5.00 18,265,190 19.41
Other Industries 4,281,719 15.65 19,270,073 20.48
Total 27,363,953 100.00 94,088,155 100.00
Regions
PRC 25,651,351 93.74 69,251,955 73.60
Overseas 1,712,602 6.26 24,836,200 26.40
Total 27,363,953 100.00 94,088,155 100.00

— 2 —

Total of New Contract Value Backlog For the nine months As at ended 30 September 2017 30 September 2017 Percentage Percentage (RMB thousand) (%) (RMB thousand) (%)

Clients of each of (i) Sinopec Group and its associates and (ii) the non-Sinopec Group and its associates

Sinopec Group and
its associates
Non-Sinopec Group
and its associates
Total
10,111,200
17,252,753
27,363,953
36.95
63.05
100.00
41,588,421
52,499,734
94,088,155
44.20
55.80
100.00

Save as disclosed above, all other information in the Announcement shall remain unchanged.

By order of the Board SINOPEC ENGINEERING (GROUP) CO., LTD. SANG Jinghua

Vice President, Secretary to the Board

Beijing, the PRC 17 October 2017

As at the date of this announcement, the Company’s executive directors are LU Dong, XIANG Wenwu, SUN Lili (employee representative director) and WU Derong (employee representative director); the non-executive directors are LING Yiqun and LI Guoqing; and the independent non-executive directors are HUI Chiu Chung, Stephen, JIN Yong and YE Zheng.

This announcement is available on the website of Hong Kong Exchanges and Clearing Limited (www.hkex.com.hk) and on the website of the Company (www.segroup.cn).

  • For identification purposes only.

— 3 —