Board Change • 15h
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Xuyan Zhang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Duyuru • May 16
SINOPEC Engineering (Group) Co., Ltd., Annual General Meeting, Jun 05, 2026 SINOPEC Engineering (Group) Co., Ltd., Annual General Meeting, Jun 05, 2026, at 10:00 China Standard Time. Location: a67, ande road, xicheng district, beijing China Duyuru • Mar 03
SINOPEC Engineering (Group) Co., Ltd. to Report Fiscal Year 2025 Results on Mar 13, 2026 SINOPEC Engineering (Group) Co., Ltd. announced that they will report fiscal year 2025 results on Mar 13, 2026 Duyuru • Aug 18
Sinopec Engineering (Group) Co., Ltd. Announces Interim Dividend for the Six Months Ended 30 June 2025, Payable on 27 October 2025 SINOPEC Engineering (Group) Co., Ltd. announced Interim dividend of RMB 0.16 per share for the six months ended 30 June 2025. Ex-dividend date is 02 September 2025. Record date is 09 September 2025. Payment date is 27 October 2025. Duyuru • Aug 06
SINOPEC Engineering (Group) Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 SINOPEC Engineering (Group) Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Duyuru • May 09
Sinopec Engineering (Group) Co., Ltd. Appoints Zhang Xuyan as Independent Non-Executive Director and Member of the Audit Committee, Remuneration Committee, Nomination Committee and Strategy and Development Committee SINOPEC Engineering (Group) Co., Ltd. in its annual general meeting annual general meeting held on May 9, 2025, the shareholders approved the appointment of Ms. Zhang Xuyan as independent non-executive Director and as a member of the audit committee, remuneration committee, nomination committee and strategy and development committee of the Board at the fourth meeting of the fifth session of the Board held on 9 May 2025, all for a term commencing from the date of this announcement and ending on the expiry of the term of the fifth session of the Board. Also, in relation to the resignation of Mr. DUAN Xue as an independent non-executive Director, and a member of the audit committee, remuneration committee, nomination committee and strategy and development committee of the Board of the Company. Such resignations took effect from the date of this announcement. Duyuru • Mar 04
SINOPEC Engineering (Group) Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025 SINOPEC Engineering (Group) Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025 Duyuru • Dec 18
SINOPEC Engineering (Group) Co., Ltd. Announces Resignation of DUAN Xue as an Independent Non-Executive Director, Members of the Audit Committee, Remuneration Committee, Nomination Committee and Strategy and Development Committee of the Board The board of directors of SINOPEC Engineering (Group) Co., Ltd. announced that, due to work adjustment, Mr. DUAN Xue has recently submitted his resignation as an independent non-executive director of the Company, and the members of the audit committee, remuneration committee, nomination committee and strategy and development committee of the Board to the Board. As the resignation of Mr. DUAN Xue will result in the number of independent non-executive directors of the Board, the number of members of the Audit Committee and the number of independent non-executive directors of the Nomination Committee falling below the minimum number required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), the resignation of Mr. DUAN Xue shall take effect upon the election of a new independent non-executive director at the general meeting of the Company in accordance with Article 100 of the articles of association of the Company (the "Articles of Association"). Prior to that, Mr. DUAN Xue will continue to perform his duties as an independent non-executive director and the members of the special committees of the Board in accordance with the laws, administrative regulations and Articles of Association. Reported Earnings • Aug 23
First half 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.30 in 1H 2023) First half 2024 results: EPS: CN¥0.30 (up from CN¥0.30 in 1H 2023). Revenue: CN¥28.6b (up 15% from 1H 2023). Net income: CN¥1.32b (flat on 1H 2023). Profit margin: 4.6% (down from 5.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 21
First half dividend of HK$0.16 announced Shareholders will receive a dividend of HK$0.16. Ex-date: 3rd September 2024 Payment date: 28th October 2024 Dividend yield will be 31%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Duyuru • Aug 06
SINOPEC Engineering (Group) Co., Ltd. to Report Q2, 2024 Results on Aug 16, 2024 SINOPEC Engineering (Group) Co., Ltd. announced that they will report Q2, 2024 results on Aug 16, 2024 Buy Or Sell Opportunity • Jul 01
Now 79% undervalued Over the last 90 days, the stock has risen 12% to €0.59. The fair value is estimated to be €2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Buy Or Sell Opportunity • Jun 06
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €0.57. The fair value is estimated to be €0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period. Buy Or Sell Opportunity • May 15
Now 21% undervalued Over the last 90 days, the stock has risen 24% to €0.56. The fair value is estimated to be €0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Duyuru • May 11
SINOPEC Engineering (Group) Co., Ltd. Approves Appointment of BU Fanyong as A Non-Employee Representative Supervisor SINOPEC Engineering (Group) Co., Ltd. announced at annual general meeting held on May 10, 2024, the shareholders approved appointment of BU Fanyong as a non-employee representative supervisor of the fourth session of the Supervisory Committee. Upcoming Dividend • May 07
Upcoming dividend of CN¥0.22 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.9%). Duyuru • Apr 24
Sinopec Engineering (Group) Co., Ltd. Announces Board Changes The board of directors of SINOPEC Engineering (Group) Co., Ltd. announced that: (1) Mr. XIANG Wenwu will cease to be an executive director of the Board and the Vice Chairman of the Board and will be re-designated as a non-executive director of the Board; and (2) Mr. WU Wenxin resigned as a non-executive director of the Board due to his age. The above matters will be effective from 24 April 2024. The Board hereby announces that Mr. XIANG Wenwu will cease to be an executive director of the Board and the Vice Chairman of the Board and will be re-designated as a non-executive director of the Board. Mr. XIANG Wenwu will continue to serve as a member of the strategy and development committee and nomination committee of the Board. The Company will enter into a service contract with Mr. XIANG Wenwu for a term commencing from the date of his appointment and ending on the expiry of the termof the fourth session of the Board. Mr. XIANG Wenwu, as a non-executive director, will not receive any remuneration from the Company. The Company will disclose in its annual report the remuneration received by Mr. XIANG Wenwu from the Company during the relevant reporting period. Mr. XIANG Wenwu, aged 57, is a director of SINOPEC SEG, and the general manager of the engineering department of China Petrochemical Corporation (the "SinopecGroup") and the general manager of the engineering department of China Petroleum & Chemical Corporation (the "Sinopec Corp."). Mr. XIANG is a principal senior economist and holds a Ph.D. diploma. Mr. XIANG served as deputy manager of Sinopec Group Second Construction Company () ("Sinopec Group SCC") from June 1999 to March 2004, the manager of Sinopec Group SCC from March 2004 to December 2008, the general manager of Sinopec Group SCC from December 2008 to July 2010, a director and the general manager of Sinopec Group Nanjing Engineering Co., Ltd. from December 2009 to April 2012, an executive director and the general manager of Sinopec Nanjing Engineering Co., Ltd. from April 2012 to November 2014, and the vice president of SINOPEC SEG from August 2012 to January 2017. Mr. XIANG has been the President of SINOPEC SEG from January 2017 to December 2020 and a director of SINOPEC SEG since February 2017. He has been the Vice Chairman of the Board of SINOPEC SEG and an executive director of Sinopec Fourth Construction Co., Ltd. from December 2020 to April 2024; and since April 2024, he has been the general manager of the engineering department of Sinopec Group, the general manager of the engineering department of Sinopec Corp. and a director of SINOPEC SEG. The Board hereby announces that Mr. WU Wenxin resigned as a non-executive director of the Board due to his age, with effect from 24 April 2024. Mr. WU Wenxin will also cease to be a member of the strategy and development committee of the Board. Mr. WU Wenxin has confirmed that he has no disagreement with the Board or the Company, and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. Duyuru • Mar 18
SINOPEC Engineering (Group) Co., Ltd., Annual General Meeting, May 10, 2024 SINOPEC Engineering (Group) Co., Ltd., Annual General Meeting, May 10, 2024, at 09:00 China Standard Time. Location: A67, Ande Road, Xicheng District, Beijing China Agenda: To consider and approve the work report of the Board for the year 2023; to consider and approve the work report of the Supervisory Committee for the year 2023; to consider and approve the audited financial report for the year 2023; to consider and approve the final dividend distribution plan for the year 2023; to consider and approve the authorization to the Board to determine the interim profit distribution plan of the Company for the year 2024; to consider and approve the business operation plan, investment plan and financial budget for the year 2024; and to transact other business. Reported Earnings • Mar 18
Full year 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.52 in FY 2022) Full year 2023 results: EPS: CN¥0.53 (up from CN¥0.52 in FY 2022). Revenue: CN¥56.2b (up 6.0% from FY 2022). Net income: CN¥2.34b (up 2.4% from FY 2022). Profit margin: 4.2% (in line with FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Duyuru • Mar 05
SINOPEC Engineering (Group) Co., Ltd. to Report Fiscal Year 2023 Results on Mar 15, 2024 SINOPEC Engineering (Group) Co., Ltd. announced that they will report fiscal year 2023 results on Mar 15, 2024 Duyuru • Oct 21
SINOPEC Engineering (Group) Co., Ltd. Approves Director Elections At the EGM Held on October 20, 2023 SINOPEC Engineering (Group) Co., Ltd. approved appointment of Mr. YU Renming as a non-executive Director of the Fourth Session of the Board, Mr. ZHAO Jinsong as an independent non-executive Director of the Fourth Session of the Board, Mr. SHA Yu as a non-employee representative supervisor of the Fourth Session of the Supervisory Committee at the EGM held on October 20, 2023. At the 14th meeting of the Fourth Session of the Board held on 20 October 2023, the adjustments to the members of special committees under the Board of the Company were as follows: Audit Committee: YE Zheng (Chairman), HUI Chiu Chung, Stephen, DUAN Xue, ZHAO Jinsong; Remuneration Committee: HUI Chiu Chung, Stephen (Chairman), DUAN Xue, YE Zheng, ZHAO Jinsong; Nomination Committee: JIANG Dejun (Chairman), HUI Chiu Chung, Stephen (Vice Chairman), XIANG Wenwu, DUAN Xue, YE Zheng, ZHAO Jinsong Strategy and Development Committee: JIANG Dejun (Chairman), DUAN Xue (Vice Chairman), YU Renming, LI Chengfeng, WU Wenxin, XIANG Wenwu, ZHANG Xinming, ZHAO Jinsong; ESG Committee: JIANG Dejun (Chairman), ZHANG Xinming, DUAN Xue, YE Zheng, ZHAO Jinsong, XIE Yanli. Upcoming Dividend • Aug 29
Upcoming dividend of HK$0.13 per share at 10.0% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 10.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.0%). Duyuru • Aug 22
SINOPEC Engineering (Group) Co., Ltd. Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 27 October 2023 SINOPEC Engineering (Group) Co., Ltd. announced an interim dividend of RMB 0.119 per share for the six months ended 30 June 2023. The ex-dividend date is on 5 September 2023 and the record date is on 12 September 2023. The payment date is on 27 October 20223. Reported Earnings • Aug 22
First half 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.31 in 1H 2022) First half 2023 results: EPS: CN¥0.30 (down from CN¥0.31 in 1H 2022). Revenue: CN¥24.8b (down 4.3% from 1H 2022). Net income: CN¥1.32b (down 2.9% from 1H 2022). Profit margin: 5.3% (up from 5.2% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Duyuru • Aug 08
SINOPEC Engineering (Group) Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 SINOPEC Engineering (Group) Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Duyuru • Jul 27
Sinopec Engineering (Group) Co., Ltd. Announces the Resignation of Mr. Wang Zizong as Non-Executive Director and the Member of the Strategy and Development Committee of the Board The board of directors of SINOPEC Engineering (Group) Co., Ltd. announced that, due to work adjustment, Mr. WANG Zizong has recently submitted his resignation as a non-executive director and the member of the Strategy and Development Committee of the Board. Mr. WANG Zizong's resignation has taken effect on 25 July 2023. Duyuru • Jun 06
SINOPEC Engineering (Group) Co., Ltd. Declares Final Ordinary Dividend for the Year Ended December 31, 2022, Payable on July 19, 2023 SINOPEC Engineering (Group) Co., Ltd. declared final ordinary dividend of RMB 0.21 per share for the year ended December 31, 2022. Ex-dividend date is May 30, 2023. Record date is June 6, 2023. Payment date is July 19, 2023. Date of shareholders' approval is May 26, 2023. Upcoming Dividend • May 23
Upcoming dividend of CN¥0.21 per share at 9.7% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 9.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%). Duyuru • May 06
SINOPEC Engineering (Group) Co., Ltd. Updates on Proposed Final Ordinary Dividend for the Year Ended December 31, 2022, payable on July 19, 2023 SINOPEC Engineering (Group) Co., Ltd. updates on proposed final ordinary dividend of RMB 0.21 per share for the year ended December 31, 2022. Ex-dividend date is May 30, 2023. Record date is6 June 2023. Payment date is July 19, 2023. Date of shareholders' approval is May 26, 2023. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.48 in FY 2021) Full year 2022 results: EPS: CN¥0.52 (up from CN¥0.48 in FY 2021). Revenue: CN¥53.0b (down 8.2% from FY 2021). Net income: CN¥2.28b (up 7.1% from FY 2021). Profit margin: 4.3% (up from 3.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Duyuru • Jan 18
Sinopec Engineering (Group) Co., Ltd. Announces Management Changes SINOPEC Engineering (Group) Co., Ltd. has officially elected Mr. WANG Yi as an employee representative supervisor through democratic elections recently for a term commencing from the date of election and ending on the expiry of the term of the Fourth Session of the Supervisory Committee. Mr. WANG aged 52, is a senior engineer with a master's degree. From July 1992 to November 2014, Mr. WANG Yi held positions in Dalian Petrochemical Company China Petrochemical Corporation Sinopec Engineering Incorporation and SINOPEC Engineering (Group) Co., Ltd. Mr. WANG Yi served as the vice president of SINOPEC Tenth Construction Co., Ltd. from November 2014 to July 2019; served as the vice president of SINOPEC Engineering (Group) Co., Ltd. from July 2019 to September 2020; served as the president of SINOPEC Tenth Construction Co., Ltd. from September 2020 to December 2022; served as an executive director of SINOPEC Tenth Construction Co., Ltd. since December 2022; and served as the employee representative supervisor of SINOPEC Engineering (Group) Co., Ltd. since January 2023. The Board of the Company announced that the Supervisory Committee was recently notified by Mr. WU Zhongxian of his resignation as an employee representative supervisor in consideration of his age. The resignation of Mr. WU Zhongxian shall become effective when it is tendered to the Supervisory Committee. Mr. WU Zhongxian has confirmed that he has no disagreement with the Supervisory Committee and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Stephen Hui was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 02
Upcoming dividend of HK$0.14 per share Eligible shareholders must have bought the stock before 09 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.1%). Reported Earnings • Aug 22
First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.30 in 1H 2021) First half 2022 results: EPS: CN¥0. Revenue: CN¥26.0b (down 3.3% from 1H 2021). Net income: CN¥1.35b (flat on 1H 2021). Profit margin: 5.2% (up from 5.0% in 1H 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 11%, compared to a 5.1% growth forecast for the Construction industry in Germany. Duyuru • Aug 22
SINOPEC Engineering (Group) Co., Ltd. Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 28 October 2022 SINOPEC Engineering (Group) Co., Ltd. announced an interim dividend of RMB 0.118 per share for the six months ended 30 June 2022. The ex-dividend date is on 12 September 2022 and the record date is on 19 September 2022. The payment date is on 28 October 2022. Duyuru • Aug 11
SINOPEC Engineering (Group) Co., Ltd. to Report First Half, 2022 Results on Aug 19, 2022 SINOPEC Engineering (Group) Co., Ltd. announced that they will report first half, 2022 results on Aug 19, 2022 Upcoming Dividend • Jun 01
Upcoming dividend of CN¥0.22 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 19 July 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.5%). Duyuru • Jun 01
SINOPEC Engineering (Group) Co., Ltd. SHS -H- Ordinary Shares to Be Deleted from OTC Equity SINOPEC Engineering (Group) Co., Ltd. SHS -H- Ordinary Shares (China) will be deleted from OTC Equity effective from June 01, 2022, due to Inactive Security. Duyuru • May 10
SINOPEC Engineering (Group) Co., Ltd. Proposes Final Dividend for the Financial Year ended December 31 2021, Payable on July 19, 2022 SINOPEC Engineering (Group) Co., Ltd. proposed final dividend for the financial year ended December 32, 2021 of RMB 0.222 per share. Payable on July 19, 2022. Ex-Dividend date is June 08, 2022. Record Date is June 15, 2022. Date of shareholders approval is May 26, 2022. Upcoming Dividend • May 09
Upcoming dividend of CN¥0.22 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 19 July 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.6%). Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Stephen Hui was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 23
SINOPEC Engineering (Group) Co., Ltd., Annual General Meeting, May 12, 2022 SINOPEC Engineering (Group) Co., Ltd., Annual General Meeting, May 12, 2022, at 10:00 China Standard Time. Location: Conference Room 201, Building 8, Shenggujiayuan, Shenggu Middle Road, Chaoyang District Beijing Beijing Province China Agenda: To consider and approve the report of the Board for the year 2021; to consider and approve the report of the Supervisory Committee for the year 2021; to consider and approve the audited financial statements for the year 2021; to consider and approve the final dividend distribution plan for the year 2021; to consider and approve the authorisation to the Board to determine the interim profit distribution plan of the Company for the year 2022; to consider and approve the business operation plan, investment plan and financial budget for the year 2022; to consider and approve the appointment of BDO China Shu Lun Pan Certified Public Accountants LLP and BDO Limited as the domestic auditor and the international auditor of the Company for the year 2022, respectively; to consider and approve the grant of a general mandate to the Board to repurchase Domestic Shares and/or H Shares; and to consider and approve the grant of a general mandate to the Board to issue Domestic Shares and/or H Shares. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Stephen Hui was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 13 September 2021. Payment date: 29 October 2021. Trailing yield: 8.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 25
First half 2021 earnings released: EPS CN¥0.30 (vs CN¥0.28 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: CN¥26.9b (up 13% from 1H 2020). Net income: CN¥1.35b (up 6.9% from 1H 2020). Profit margin: 5.0% (down from 5.3% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 06
Upcoming dividend of CN¥0.19 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 19 July 2021. Trailing yield: 7.1%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 24
Full year 2020 earnings released The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥52.4b (flat on FY 2019). Net income: CN¥2.38b (up 9.1% from FY 2019). Profit margin: 4.5% (up from 4.2% in FY 2019). Duyuru • Mar 09
SINOPEC Engineering (Group) Co., Ltd. to Report Fiscal Year 2020 Results on Mar 19, 2021 SINOPEC Engineering (Group) Co., Ltd. announced that they will report fiscal year 2020 results on Mar 19, 2021 Duyuru • Mar 05
Sinopec Engineering (Group) Co., Ltd. Enters into an Ethylene Facility Construction Contract with a Project Company SINOPEC Engineering (Group) Co., Ltd. announced that the Group entered into an ethylene facility construction contract with a project company pursuant to which the Group will provide construction services to the Project Company in respect of the construction of an Amur Gas Chemical Complex. The total value of the Contract is approximately $900 million (approximately RMB 5,851 million). The Project Company is a joint venture controlled as to 40% by China Petrochemical Corporation ("Sinopec Group") and 60% by PJSC SIBUR Holding. The Project is located in the city of Blagoveshchensk, the administrative center of Amur Oblast in the Russian Far East. The Amur Gas Chemical Complex is to produce ethylene and propylene using steam cracking techniques, and to process and produce high value-added products such as linear low-density polyethylene, high-density polyethylene and polypropylene. Duyuru • Feb 24
SINOPEC Engineering (Group) Co., Ltd. Announces Executive Appointments SINOPEC Engineering (Group) Co., Ltd. announced that the Shareholders considered and approved the proposed appointment of Mr. JIANG Dejun as an executive director and the proposed appointment of Mr. ZHOU Yingguan as a non-representative of the employees supervisor by way of an ordinary resolution at the EGM held on 22 February 2021. The Company has entered into service contracts with Mr. JIANG Dejun and Mr. ZHOU Yingguan respectively for a term commencing from the date of appointment and ending on the expiry of the term of the Third Session of the Board and the Third Session of the Supervisory Committee. The Board of the Company has resolved to approve the appointment of Mr. JIANG Dejun, the executive Director of the Company, as the authorised representative of the Company at the Fourteenth Meeting of the Third Session of the Board convened on 22 February 2021, with effect from 22 February 2021. Is New 90 Day High Low • Feb 13
New 90-day high: €0.42 The company is up 27% from its price of €0.33 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.02 per share. Is New 90 Day High Low • Jan 14
New 90-day high: €0.37 The company is up 13% from its price of €0.33 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.95 per share. Duyuru • Jan 01
SINOPEC Engineering (Group) Co., Ltd. Announces Executive Changes SINOPEC Engineering (Group) Co., Ltd. board of directors announced that due to work adjustment: Ms. SUN Lili was appointed as chairman of the Board of the Company; Mr. JIANG Dejun was appointed as the president of the Company and he was proposed to be appointed as an executive director of the Company. In the meantime, the supervisory committee of the Company was recently notified by Mr. JIANG Dejun of his resignation as a representative of the employees supervisor; Mr. XIANG Wenwu was appointed as vice chairman of the Board of the Company. In the meantime, the Board was recently notified by Mr. XIANG Wenwu of his resignation as the president of the Company; Mr. ZHOU Yingguan was proposed to be appointed as a non-representative of the employees supervisor. In the meantime, the Board was recently notified by Mr. ZHOU Yingguan of his resignation as an executive director of the Company and a member of the strategy and development committee; and The Board was recently notified by Mr. YU Renming of his resignation as an executive director, chairman of the Board, chairman of the nomination committee, and chairman of the strategy and development committee. Duyuru • Sep 26
Sinopec Engineering (Group) Co., Ltd. Announces Resignation of WANG Yi as Vice President The board of directors of SINOPEC Engineering (Group) Co., Ltd. announced that, the Board was recently notified by Mr. WANG Yi of his resignation as the Vice President of the Company due to work adjustment. Mr. WANG Yi's resignation shall become effective from 25 September 2020. Mr. WANG Yi has confirmed that he does not have any disagreement with the Board or the Company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited. Is New 90 Day High Low • Sep 23
New 90-day low: €0.34 The company is down 10.0% from its price of €0.37 on 24 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.40 per share. Duyuru • Aug 11
SINOPEC Engineering (Group) Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 SINOPEC Engineering (Group) Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020 
