Sinopec Engineering (Group) Co., Ltd. provided earnings guidance for the six months ended June 30, 2016. The company expects that the net profit after tax of the group for the six months ended 30 June 2016 will decrease by approximately 30% to 40% as compared to that of the corresponding period in 2015, mainly due to the decrease in investments in the oil refining, petrochemical and new coal chemical industries as a result of the global economic downturn and the persistence of low global oil prices in the first half of 2016, fierce competition in the engineering market and other factors.