Sunway Petrochemical reports Q3 revenue growth, project progress, and subsidiary guarantee

Shandong Sunway Petrochemical Engineering announced its Q3 2025 results, reporting revenue of 1.94 bn yuan, a 14.63% increase year-on-year, and net profit attributable to shareholders of 153.46m yuan, up 5.14%. Total assets decreased by 3.75% to 3.49 bn yuan. Notable changes include a 36.29% increase in monetary funds due to increased sales collection and reduced deposits, and a 102.81% rise in contract assets from confirmed EPC project revenue.

The company also provided an update on its construction business, revealing new third-quarter contracts totaling 38.21m yuan and cumulative contracts of 164.10m yuan. A significant EPC contract with North Huajin United Petrochemical Co., Ltd., valued at 130.66m yuan (tax-exclusive 117.17m yuan), has generated 80.37m yuan in revenue, with 79.70m yuan collected as of September 30, 2025.

Additionally, Shandong Sunway Petrochemical Engineering issued a guarantee of 30m yuan for its controlling subsidiary, Qingdao Lianxin Catalytic Materials Co., Ltd. (60% owned). This guarantee, provided to China Merchants Bank Qingdao Branch, falls within the previously approved limit and covers various credit facilities. Post-guarantee, the company's total external guarantee amount is 230m yuan, representing 8.44% of its 2024 audited net assets.