Sinopec Engineering(Group)Co

SINOPEC Engineering (Group) Co., Ltd. announced its 2026 interim results, with operating revenue rising 12.7% year-on-year to RMB 35.62 billion for the six months ended 30 June 2026. Gross profit increased 5.2% to RMB 2.74 billion, while net profit attributable to equity holders fell 18.0% to RMB 1.14 billion, and the value of new contracts signed reached approximately RMB 51.9 billion. The board declared an interim dividend of RMB 0.127 per share, representing a 50% payout ratio, and resolved to launch a share repurchase of between HKD 100 million and HKD 150 million within the next six months, with all repurchased shares to be cancelled. The company also highlighted major project progress, including the Maoming Ethylene Project exceeding 70% completion and the Saudi Aramco Riyas NGL Project approaching 80% completion.

Allied Biofuels has signed a FEED plus detailed engineering contract with Sinopec Engineering Group for its US$6.1 billion sustainable aviation fuel and e-SAF project in Uzbekistan. The contract establishes the engineering pathway for a planned rollover to EPC, with Sinopec Engineering Group undertaking front-end design, detailed engineering, systems integration and open-book cost development for the refinery, renewable energy interfaces and associated infrastructure. The project is Central Asia's first large-scale, fully integrated bio-aviation fuel complex, designed to produce SAF and e-SAF at industrial scale by combining biomass processing, advanced refining, renewable energy integration and power-to-liquid production pathways within a single integrated industrial platform. Once operational, the facility is expected to supply clean aviation fuels to both domestic and international markets.