Recently, the four Sinopec ListCos—Sinopec Engineering (Group) Co., Ltd. (SEG), Sinopec Kantons Holdings Limited (Sinopec Kantons), Sinopec Oilfield Service Corporation (SSC), and Sinopec Shanghai Petrochemical Co., Ltd. (SPC) – announced their 2024 annual results in Hong Kong SAR. 

SEG (stock code: 2386) posted a revenue of RMB 64.198 billion, a 13.9% jump from last year. Net profit reached RMB 2.466 billion, up 5.5% year-on-year. New contracts signed in 2024 totaled RMB 100.613 billion, a whopping 25.4% increase year-on-year. The company also announced a record-high dividend payout. 

Sinopec Kantons (stock code: 0934) reported a revenue of HKD 667 million, a 9.38% year-on-year increase. Profit attributable to shareholders was HKD 1.177 billion, and an annual dividend of HKD 0.25 per share was declared.

SSC (stock code: 1033) secured a record RMB 91.2 billion in new contracts, marking a 10.7% year-on-year increase. This resulted in a net profit of RMB 630 million, up 7.2% year-on-year.

SPC (stock code: 0338) made a comeback with a net profit of RMB 311 million. Efficiency improvements led to a 1.75% year-on-year decrease in crude oil processing costs.

Looking ahead, Sinopec’s ListCos are focused on high-quality development, strengthening governance and risk management, and boosting their business performance even further.