Asia
Sinoma International Engineering Logs 8% Decline in Q1 Newly Signed Contracts
Sinoma International Engineering (SHA:600970) reported newly signed contracts of 25.5 billion yuan in the first quarter, down 8% from the previous year, according to a Tuesday filing with the Shanghai bourse.Engineering technical services contracts declined 13% year over year to 18.2 billion yuan and high-end equipment manufacturing contracts fell 16% to 2.43 billion yuan.Meanwhile, production operation services contracts rose 12% to 4.25 billion yuan and other contracts jumped 89% to 703.5 million yuan.Shares of the engineering company rose 2% in recent trade.
SHA:600970
