Mission Statement, Vision, & Core Values (2026) of SINOPEC Engineering (Group) Co., Ltd.

SINOPEC Engineering Co., Ltd. (2386.HK) stands at the nexus of energy and chemicals as a leading engineering and construction partner for upstream, midstream and downstream projects, delivering one-stop integrated solutions that pair advanced equipment and field support with an innovation-driven strategy focused on efficiency, emissions control and sustainability; guided by a mission to provide safe, cost-effective technology and services, a vision to become a world-class multinational energy and chemical engineering enterprise, and core values-integrity, excellence, teamwork, responsibility and safety-that shape its global project delivery, people-oriented culture and push for technological leadership across offshore platforms, refineries and pipeline systems.

SINOPEC Engineering Co., Ltd. (2386.HK) - Intro

• Core businesses: EPC contracts, equipment manufacturing, technical services, operation & maintenance support, and after-sales field services.
• Market footprint: Domestic leadership in China with growing international projects across Asia, the Middle East, Africa and Latin America.
• Strategic aims: Energy-and-chemical orientation, innovation-driven growth, globalization-targeted expansion and value-focused operations.

• Mission: Provide one-stop integrated engineering and equipment solutions that ensure safe, reliable and efficient energy production and processing for clients worldwide.
• Vision: Build a world-class engineering company anchored in energy and chemicals, recognized for technological leadership, global delivery capability and sustainable operations.
• Strategic priorities:
  • Innovation: Deploy advanced process designs, digital engineering, and modular prefabrication to improve project delivery and lifecycle performance.
  • Sustainability: Implement energy-saving systems, emission-control technologies and waste-reduction processes to lower environmental impact.
  • Globalization: Expand overseas EPC footprint and cross-border partnerships for large-scale developments.
  • Value focus: Strengthen integrated services to capture higher value-added margins across design, equipment supply and long-term services.

• People-oriented culture emphasizing integrity, tolerance, professional enthusiasm, innovation and win-win cooperation.
• Talent strategy: Invest in engineering R&D teams, project management capability and field service specialists to support complex international projects.
• Governance: Compliance with industry safety standards, contract risk controls and client-focused quality management systems.

• Technology integration: Digital twins, process simulation, advanced metallurgy and optimized equipment design to reduce energy consumption and extend asset life.
• Environmental focus: Emission controls, energy recovery units and wastewater treatment solutions tailored for refineries and petrochemical complexes.
• Operational KPIs targeted: project on-time delivery, HSE incident rate reduction, equipment uptime and lifecycle cost minimization.

• Upstream: Supply of drilling equipment, wellhead systems and offshore platform packages with integrated safety and corrosion-control designs.
• Midstream: Pipeline engineering, compressor stations and cross-border installation services with cathodic protection and pigging solutions.
• Downstream: Design & EPC for refining units, petrochemical crackers, hydrogen production and sulfur recovery systems with emissions controls.
• Turnkey & O&M: Long-term operation and maintenance contracts for clients, leveraging equipment warranties, spare-parts networks and field service teams.

• Major clients: National and international oil companies, state refinery groups, petrochemical majors and industrial conglomerates.
• Project scale: Participation in large-scale refinery expansions, LNG facilities, petrochemical complexes and offshore platform campaigns.
• Global delivery: Integrated project teams combining domestic engineering centers, overseas project offices and localized construction capabilities.

SINOPEC Engineering Co., Ltd. (2386.HK) - Overview

• Mission: Deliver high-quality equipment, field support and EPC services that ensure safe, reliable and cost-efficient performance across the full oil & gas value chain, enabling clients to achieve operational efficiency and sustainability.
• Vision: Lead industry modernization by integrating modern technologies, reducing environmental impact and expanding global reach to become a preferred partner for energy transition and large-scale chemical projects.
• Strategic Focus: Strengthen strategic integration, reinforce core business advantages, drive R&D and internationalization, and diversify value creation through service- and value-oriented development.

• Technology & Innovation - deployment of energy-saving systems, emission control solutions, digital engineering and optimized equipment design to reduce lifecycle costs and environmental footprint.
• Integrated Solutions - one-stop EPC + equipment + aftermarket support across engineering, procurement, construction, installation and commissioning.
• Globalization - expanding international contracting and equipment export footprint while leveraging Sinopec group relationships.
• People & Culture - a people-oriented culture valuing integrity, tolerance, professional enthusiasm, innovation and win-win cooperation to sustain talent and delivery capability.

• Revenue drivers - large-scale EPC projects, equipment manufacturing and long-term service contracts that stabilize cash flows and margins.
• Profitability levers - operational efficiency, vertical integration with Sinopec group clients, and technology-driven cost reductions in engineering and construction.
• Capital deployment - strategic investments in R&D, digital engineering platforms and overseas project delivery capabilities to capture higher-margin international work.

• Energy-saving systems and optimized equipment designs to reduce client emissions and energy consumption.
• Deployment of emission control technologies in refining and petrochemical installations to meet tightening regulatory standards.
• Commitment to safer site execution and lifecycle service models that extend equipment uptime and reduce total cost of ownership for clients.

SINOPEC Engineering Co., Ltd. (2386.HK) - Mission Statement

• Core mission: deliver one-stop integrated engineering, procurement, construction, and technical services for oil & gas, petrochemicals, refining, new energy, and industrial parks.
• Strategic orientation: energy & chemical-focused, innovation-driven, globalization-targeted, and value-focused development.
• People and culture: integrity, tolerance, professional enthusiasm, innovation, and win-win cooperation to support sustainable growth.

• Human resources: approximately 18,000-22,000 employees worldwide, including several thousand engineering and R&D professionals.
• Global footprint: active operations and projects across 40+ countries and regions, with significant EPC contracts in Asia, Africa, and the Middle East.
• Order book & backlog: maintained multi-year contracted backlog generally ranging in the tens to hundreds of billions RMB (enterprise target to sustain 3-5 years of revenue visibility through new contract wins).
• Revenue & profitability targets: historically delivering annual revenues in the tens of billions RMB; strategic targets emphasize margin improvement via higher value-added services and overseas localization.
• R&D & capex: annual R&D and technology investment aimed to increase year-over-year (target: mid-single-digit percentage of revenue) to drive process digitalization, green technologies and modular construction methods.

• Operational KPIs used to measure mission progress:
  • Backlog-to-revenue ratio and contract win rate
  • ROE/ROIC improvement targets (management focus to lift capital efficiency)
  • Project delivery metrics: on-time completion, HSE incident rates, cost variance
  • Sustainability targets: CO2 intensity reduction per project and increased green project share

SINOPEC Engineering Co., Ltd. (2386.HK) - Vision Statement

• Integrity - Ethical conduct, transparency and accountability underpin contract execution, procurement and joint-venture governance across domestic and international projects.
• Excellence - Continuous improvement through capital investments in digital construction, advanced process technologies and systematic workforce upskilling to improve delivery, margins and client satisfaction.
• Innovation - Deployment of modular construction, digital twin, prefabrication and low-carbon process technologies to lower cost, accelerate schedules and reduce emissions.
• Teamwork - Cross-disciplinary teams and integrated project management structures foster collaboration between engineering, procurement, construction, HSE and commercial functions.
• Responsibility - Commitment to environmental stewardship, community engagement and lifecycle sustainability in project design and operations.
• Safety - Rigorous HSE systems, training and performance monitoring to sustain a zero-harm objective across sites and subcontractor networks.

• Digital & automation: roll-out of digital twin, BIM and construction automation to reduce schedule variance and improve margins; pilot programs tied to >RMB 1.0bn annual tech budget.
• Low-carbon engineering: standardized offerings for CCUS, hydrogen-ready facilities and energy-efficiency retrofits to capture growing decarbonization demand.
• Global delivery hubs: regional project management centers and local joint ventures to expand international footprint while maintaining compliance and integrity standards.
• Talent & safety programs: centralized competency frameworks, mandatory safety certification and target of 48+ training hours per employee annually to sustain a safety-first culture.