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Public company info - Wison Engineering Services Co. Ltd. , 02236.HK
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Wison Engineering Services Co. Ltd., 02236.HK - Company Profile
Chairman Liu Hongjun
Share Issued (share) 4,074,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Petroleum & Gases Equipment & Services
Corporate Profile Business Summary: The principal activity of the Group is the provides project solutions to petrochemical and coal-to-chemicals producers in terms of design, building and commissioning of their production facilities through technology consultancy, engineering, procurement and construction management services in the People’s Republic of China (“PRC”) and overseas. Performance for the year: The Group’s revenue for the year ended 31 December 2019 amounted to approximately RMB4,367,271,000, representing an increase of 34.1% from approximately RMB3,256,478,000 recorded in 2018. The Group’s gross profit for the year ended 31 December 2019 amounted to approximately RMB408,227,000, representing a decrease of 18.2% from approximately RMB498,872,000 recorded in 2018. The Group’s profit for the year ended 31 December 2019 amounted to approximately RMB50,558,000, representing a decrease of 15.7% from approximately RMB59,953,000 recorded in 2018. Business Review： (1) International Markets During the Period under Review, the international political situation and the global economic uncertainties have affected global crude oil supply pattern, causing disorder in the global petrochemical supply chain and substantial fluctuations in oil prices and chemical product prices. During the period, the Group secured 10 new international projects, mainly from two core markets, namely the United States and the Middle East. In addition, Wison Engineering actively explored markets of emerging areas and further established its presence in Russia and Commonwealth of Independent States, Southeast Asia and Africa, and is expected to make substantial project breakthroughs in emerging markets in 2020. (2) Domestic markets During the Period under Review, the Group has been continuously improving project execution and management quality by fully leveraging market opportunities. Wison Engineering not only maintained its edges in traditional fields such as ethylene and coal-to-chemicals, but also proactively explored emerging fields, which led to breakthroughs in aspects such as light hydrocarbon downstream of PDH, PTA and oil refineries. During the Period under Review, the Group secured a total of 65 new domestic projects, with an aggregate contract value of approximately RMB12.09 billion. These new projects, mainly located in Shandong, Zhejiang, Fujian, Guangdong and other regions, involve various types of engineering works, such as refinery-petrochemical integration, ethylene, coal-to-chemicals, PTA and PDH. The Group’s performance in domestic market is highly recognized and significant progress has been made in several key domestic projects. (3) Technology Research and Development 2019 marked a new round of deepening innovation and development for enterprises. By continuing to adhere to the objectives of “improving people’s livelihood with innovative technology”, the Group focused on and seized the world’s groundbreaking, cutting edge technologies and moved forward by upholding the philosophy of being green, low-carbon and energy-saving, thereby promoting corporate development with technology as the driving force. During the Period under Review, remarkable new intellectual property rights achievements have been made by the Group with 26 new patents, 18 new licensed patents and 6 new software copyright registrations. The Group’s intellectual property management system has successfully passed the certification by a third party. It has also completed the project inspection and acceptance for “2017 Recognized Shanghai Patent Pilot Demonstration Unit (2017年認定的上海市專利試點示範單位)” of Shanghai Intellectual Property Administration and passed the appraisal for “Shanghai Municipal Enterprise Technology Centre (上海市企業技術中心)” of Shanghai Economic and Information Technology Commission (上海市經濟信息化委員會). (4) Digitalization Wison Engineering recognized remote office work, digitalization and intelligence as the future development directions in the energy and chemical engineering industry. During the Period under Review, the Group earnestly implemented the “enhancing the digitalization capacity of Wison and supporting the One-Core and Two-Wing strategy” to promote digital transformation. By enhancing digital capability involved in “client-oriented” EPC, project management and other processes, the Group gradually developed “Intelligent Factory” through conducting “Smart Project”. Simultaneously, the Group enhanced operating efficiency and effectiveness of the Company by constantly improving its digital system with a focus on building up Wison Engineering’s digital strength, and continuously carrying out the reform of its organization, operation models, procedures and methods, as well as systems and platforms with an emphasis on its vision, culture, talents and incentives. Wison Engineering’s industry-leading digital capability and system are capable of meeting the service demand for digitalization from domestic and overseas owners. Prospects: In regards to the momentous shift in the industry and market environment and based on the Company’s business development strategies and market changes, the Group will continuously push forward and improve reorganization plans for talents and organizational structure to inspire the potential of staff at all levels. The Group will also enhance synergy among departments and systems to further showcase Wison Engineering’s capabilities of refined management, swift and flexible operating mechanism and efficient innovation. Upholding its operation tenet of “integrity-oriented, customeroriented, innovation-oriented, achieving mutual success in harmony” (誠信為本、客户為尊、創新為要、和諧共贏), Wison Engineering will promptly respond to market demand, capitalize on new market opportunities, deepen innovation in technology development and management, and strengthen its core technology and design capability on a sustainable basis through research and development of proprietary technology and technology licensing cooperation, meanwhile implementing refined management and enhancing the quality of its engineering works and services. In addition, the Group will also step up its effort in technological research and development for digitalization and intelligence to increase the core competitiveness of the Company. (1) Building on local market and grasping new opportunities in domestic market, while committed to the internationalisation strategy (2) Accelerating the implementation of digitalization and modularization to build a technical engineering service enterprise (3) Establishing a business ecosystem, diversifying development through expansion along the industry

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