China Chemical's new contract value in 2021 is nearly 300 billion

On January 17, China National Chemical Engineering Co.
, Ltd.
(hereinafter referred to as "China Chemical") released a briefing on its operations from January to December 2021
.
In 2021, the cumulative new contract value of Sinochem will reach 269.
769 billion yuan, a year-on-year increase of 7.
41%, and the cumulative operating income will be 137.
740 billion yuan, a year-on-year increase of 24.
41%.
The annual operating performance is outstanding
.

From 2016 to 2021, the value of new contracts signed by China Chemical has increased significantly.
Since 2016, the growth rate of newly signed contracts has continued to grow, especially in 2018-2019.
The growth rate of contract value has dropped significantly, and the annual growth rate has dropped to 10% and below
.
But overall, since 2016, China Chemical has achieved a substantial increase from the newly signed contract value of 70 billion to about 270 billion
.

From the perspective of business type, the newly signed contract value of China Chemical's engineering contracting and general contracting business in 2021 will exceed 150 billion, contributing more than half of the contract value, accounting for 56.
53% of the total, but a slight decline compared with the same period last year (-0.
3% )
.
The newly signed contract value of construction contracting and general contracting business also exceeded 100 billion yuan, and the engineering contracting and general contracting business together contributed over 94% of the newly signed contract value of Sinochem
.
Although the survey, design and supervision business and other businesses account for a relatively small proportion, they will see a significant year-on-year growth in 2021, with growth rates of 38.
14% and 110.
17% respectively, with certain growth potential
.

From the perspective of regional distribution, in 2021, China's chemical business will still be dominated by domestic business
.
The proportion of newly signed domestic contracts reached 81.
59%.
Although a number of overseas major projects with a value of over 500 million yuan have successfully won contracts, their contract value still accounts for less than 20%
.

Judging from the cumulative contract value of independently signed major projects, the top five second-tier companies are Sinochem Seven Construction (26.
235 billion yuan), China Tianchen (14.
4 billion yuan), China Fifth Ring (11.
408 billion yuan), Hualu Technology (10.
895 billion yuan) and China Chengda (10.
667 billion yuan)
.

Together with the amount of joint contracts signed with other units, the ranking is as follows:

TOP1: Sinochem Seven Construction, with a total of 27.
886 billion yuan of new major contracts in 2021, leading the way, basically twice the contract value of the second-ranked company
.
The contract value of the alumina refinery project supporting the Mavcard bauxite mine in Guinea signed by it is equivalent to RMB 11.
512 billion, which is not only the largest contract value newly signed by Sinochem Seven Construction in 2021, but also the largest contract of Sinochem in 2021.
Qijian can successfully climb to the top, and this single contribution is indispensable;

TOP2: China Tianchen, a total of 11 major projects of more than 500 million yuan will be signed in 2021, with a cumulative contract value of 14.
4 billion yuan;

TOP3: China's Fifth Ring Road, with a cumulative contract value of 13.
184 billion yuan, including two joint construction projects;

TOP4: Saiding Project, independently signed 10 major projects, and cooperated with Sinochem Second Construction and other companies on a project with a total amount of 11.
503 billion yuan
.

TOP5: Hualu Technology, signed a total of 8 major projects with a contract value of 10.
895 billion yuan
.

Combining the above two lists, it can be seen that there are seven new contracts with a total value of more than 10 billion yuan, namely Sinochem Seventh Construction, China Tianchen, China Fifth Ring, Saiding Engineering, Hualu Technology and China Chengda
.
The cumulative value of newly signed major projects of these seven enterprises accounts for 69.
27% ​​of the total newly signed contract value of major projects of Sinochem in 2021
.
Sinochem Seventh Construction, China Tianchen and China Fifth Ring will perform well in 2021, ranking in the top two in both lists, with outstanding results
.