Sinopec Engineering (Group) Co., Ltd. provided earnings guidance for the twelve months ended 31 December 2016. Based on the information currently available to the Company, it is expected that the net profit after tax of the Group for the twelve months ended 31 December 2016 will decrease by approximately 45% to 55% as compared to that of the corresponding period in 2015, mainly due to the decrease in investments in the domestic and overseas 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 2016, fierce competition in the engineering market and other factors.