Sinopec Engineering | South China Morning Post
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  • Jan 30, 2015
  • Updated: 3:25am

Sinopec Engineering

Sinopec Engineering vows to maintain high margins

Cai Xiyou, chairman of Sinopec Engineering, at the firm's listing ceremony in Hong Kong. Photo: May Tse

Despite rising cost pressures, Sinopec Engineering, the oil refining and chemical plants engineering subsidiary of China Petrochemical Corp, will strive to maintain a gross profit margin higher than the industry average, its chief said.

Friday, 24 May, 2013, 3:47am

China IPOs: still not ready for prime time

China Galaxy Securities (CGS) raised US$1.1 billion from their IPO, about 20 per cent less than the upper limit of what they previously hoped to raise. Photo: Reuters

Everyone is hailing the success of two massive China IPOs this week that seems to herald a new uptick in the moribund sector, with relatively strong debuts for offerings from Galaxy Securities and Sinopec Engineering. But I'm going to go ahead and play the contrarian.

23 May 2013 - 10:29am

Sinopec, Galaxy IPOs multiple times covered

Sinopec Engineering vice-president Zhang Kehua at the IPO launch.

The listings of two large state-owned enterprises have captured sizeable demand from fund managers, breaking the gloom of Hong Kong's long-suffering IPO markets.

China Galaxy Securities (the mainland's sixth-biggest brokerage firm) and Sinopec Engineering (a spin-off from Sinopec) are preparing to raise a combined US$3.6 billion through Hong Kong listings.

13 May 2013 - 2:39pm

Sinopec spin-off touts edge through efficiency push

Vice-chairman Zhang Kehua outlines plans for Sinopec Engineering at a briefing in Hong Kong yesterday. Photo: Jonathan Wong

Sinopec Engineering, a China Petrochemical spin-off, said its listing will boost its overall efficiency and profitability through its ongoing consolidation of eight subsidiaries. The company, which was created in September, promises reasonable returns for investors through a mix of organic and inorganic growth models as some advanced technologies may be obtained through overseas acquisitions.

10 May 2013 - 5:40am

Sinopec Engineering's Hong Kong IPO to aid overseas growth

Sinopec Engineering's revenue from its parent dropped to 50 per cent last year, from 66 per cent in 2010, as the company seeks to diversify its customer base. Photo: AFP

The listing of Sinopec Engineering, a construction unit of China's largest oil refiner, China Petrochemical (Sinopec Group), will allow investors to gain exposure to the high-growth but risky overseas coal-chemical industry.

9 May 2013 - 5:15am

Two large state firms to test Hong Kong IPO market

Sinopec Engineering has launched its initial public offering amid improved sentiment in the stock market. Photo: Reuters

Two big state-owned enterprises launched their long-awaited initial public offerings to raise up to US$3.81 billion in Hong Kong yesterday, taking advantage of improving sentiment.

7 May 2013 - 4:16am 1 comment