SINOPEC SEG Reports 37.91% Decline in New Contract Value for First Quarter

Stock News04-24

SINOPEC SEG (02386) announced that for the three-month period ended March 31, 2026, the total value of new contracts secured by the group amounted to RMB 27.553 billion. This represents a decrease of 37.91% compared to the RMB 44.373 billion recorded in the same period ended March 31, 2025. As of March 31, 2026, the group's backlog of unfinished contracts stood at RMB 213.496 billion, an increase of 6.12% from the RMB 201.190 billion reported on March 31, 2025.

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