---
title: "In the first quarter, SINOPEC SEG signed new contracts worth a total of 27.553 billion yuan, a year-on-year decrease of 37.91%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283981929.md"
description: "SINOPEC SEG announced that the total value of new contracts signed in the first quarter of 2026 was 27.553 billion yuan, a year-on-year decrease of 37.91%. As of March 31, 2026, the amount of unfinished contracts was 213.496 billion yuan, an increase of 6.12% compared to the same period in 2025"
datetime: "2026-04-24T10:33:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283981929.md)
  - [en](https://longbridge.com/en/news/283981929.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283981929.md)
---

# In the first quarter, SINOPEC SEG signed new contracts worth a total of 27.553 billion yuan, a year-on-year decrease of 37.91%

According to the announcement from SINOPEC SEG (02386), for the three-month period ending March 31, 2026, the total value of new contracts signed by the group was RMB 27.553 billion, a decrease of 37.91% compared to RMB 44.373 billion for the three-month period ending March 31, 2025; as of March 31, 2026, the group's uncompleted contract amount was RMB 213.496 billion, an increase of 6.12% compared to RMB 201.190 billion as of March 31, 2025

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