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Yangtze Business Daily News● Changjiang Business Daily reporter Wang Jing

With the overseas market gaining momentum, China National Chemical Corporation (601117.SH) continues to receive large orders.

On the evening of July 16, China National Chemical Corporation issued an announcement that the company's contract value from January to June 2024 totaled 203.569 billion yuan, a year-on-year increase of 10.05%. Among them, the domestic contract value decreased by 1.8% year-on-year, but overseas contracts continued to increase, increasing by 132.53% year-on-year.

The Yangtze Business Daily reporter noted that China National Chemical Corporation has been operating overseas for many years, with business in more than 80 countries and regions around the world. In 2023, the company's newly signed overseas contracts exceeded 100 billion yuan, a significant year-on-year increase of 165.48%.

China National Chemical Corporation has maintained steady performance and actively rewarded investors. Since its listing, China National Chemical Corporation has paid dividends for 14 consecutive years, with a total dividend amount of 8.823 billion yuan.

Overseas contract value increased by 133%

On the evening of July 16, China National Chemical Corporation issued an announcement that the company's contract value from January to June 2024 totaled 203.569 billion yuan, a year-on-year increase of 10.05%. Among them, in June, the company signed 15 major contracts with a single contract value of more than 500 million yuan, with a total amount equivalent to RMB 14.707 billion.

By business, there were 1,718 construction engineering contracts with a contract value of 194.434 billion yuan; 1,031 survey, design, supervision and consulting contracts with a contract value of 2.105 billion yuan; industrial and new materials sales contracts with a contract value of 4.19 billion yuan; modern service industry contracts with a contract value of 590 million yuan; and other business contracts with a contract value of 2.25 billion yuan. The total contract value was 203.569 billion yuan.

By region, from January to June 2024, the domestic contract amount reached 162.232 billion yuan, a year-on-year decrease of 1.8%; but overseas contracts continued to grow, with the amount reaching 41.37 billion yuan, a year-on-year increase of 132.53%.

At present, China's chemical business covers more than 80 countries and regions around the world, with more than 140 overseas institutions established, and the total contract value completed in countries along the "Belt and Road" has exceeded US$100 billion.

Last year, China National Chemical Corporation's overseas business grew strongly. In 2023, the company's newly signed contracts amounted to 326.751 billion yuan, a year-on-year increase of 10.05%. Among them, the newly signed domestic contracts amounted to 226.145 billion yuan, a year-on-year decrease of 12.69%; the newly signed overseas contracts amounted to 100.606 billion yuan, a year-on-year increase of 165.48%, accounting for 30.79% of the total newly signed contracts.

As of the end of March 2024, China National Chemical Corporation's contract liabilities amounted to 35.86 billion yuan. The growth of its orders on hand and the huge amount of contract liabilities provide a guarantee for the company's future revenue growth.

Revenue and net profit have increased for six consecutive years

Public data shows that China National Chemical Corporation is the "national team" in the construction of my country's petroleum and chemical industry system, and has leading advantages in basic chemicals, petrochemicals, and coal chemicals. The company has completed more than 70,000 engineering projects worldwide, ranking first in the global oil and gas service sector.

In recent years, China National Chemical Corporation's performance has grown steadily.

In 2017, China National Chemical Corporation achieved operating income of 58.57 billion yuan and net profit of 1.557 billion yuan; by 2023, the company's operating income will reach 179.2 billion yuan and net profit will reach 5.426 billion yuan. During this period, the company's overall operating income increased by 2.06 times, and net profit increased by 2.48 times, with both revenue and net profit increasing for six consecutive years.

In the first quarter of 2024, China National Chemical Corporation's performance continued to grow, with operating income of 45.17 billion yuan, a year-on-year increase of 5.54%; and net profit of 1.216 billion yuan, a year-on-year increase of 9.5%.

The Yangtze Business Daily reporter found that China National Chemical Corporation has been continuously improving its scientific and technological innovation capabilities to maintain its leading position in the industry. As of the end of 2023, the company had 5,716 R&D personnel, accounting for 11.7% of the company's total number of employees.

China National Chemical Corporation continues to promote the implementation of key R&D projects. Among the 38 scientific and technological projects, 15 projects such as methacrylonitrile have been completed and accepted. The company's flame-retardant nylon, nylon 6T, nylon 46, nylon 12, POE, glyoxylic acid, polyoxymethylene and other key pilot projects are progressing steadily, and the two key R&D projects of the Ministry of Science and Technology that participated in the application, "Near-zero emission technology and demonstration project of wastewater in pharmaceutical and chemical parks along the Yangtze River under low-carbon constraints" and "Soil-groundwater pollution risk prevention and control and in-situ coordinated remediation project in pharmaceutical and chemical parks in production", have been approved.

At the same time, China National Chemical Corporation has also maintained stable dividends. On July 8, the company issued the "Announcement on the Implementation of the 2023 Annual Equity Distribution". According to the announcement, in 2023, the company will pay a cash dividend of 0.178 yuan per share (including tax), with a total cash dividend of 1.087 billion yuan. Since its listing, China National Chemical Corporation has paid dividends for 14 consecutive years, with a cumulative dividend amount of 8.823 billion yuan.