Wison Engineering is Awarded “2018 Listed Company Awards of Excellence”

Release time:2018-11-14

(November 14, Shanghai) Wison Engineering Services Co. Ltd. ("Wison Engineering" or the "Company") (2236.HK), the global leading engineering, procurement and construction (EPC) service provider, is pleased to announce that the Company was awarded "2018 Listed Company Awards of Excellence" by Hong Kong Economic Journal Company ("HKEJ"). The award represents the recognition from the market, media and investment professionals for Wison's stable development prospects and Wison will continue to create greater value for investors and shareholders, said Wison Engineeing's Executive Director and CFO Mr. LI Zhiyong at the ceremony,

 

 

Wison Engineering was established in 1997 and listed in Hong Kong in 2012. Headquartered in both Shanghai and Hong Kong, it specializes in providing technical and engineering services in the fields of petrochemical, coal chemical, oil refining, natural gas chemical, oilfield ground services, LNG and power generation. In the course of 21 years of development, Wison has won many first-place titles of national and world scale.

 

Mr. LI Zhiyong indicated that Wison Engineering upholds the corporate objectives of "Better technology, Better World" and adheres to the market demand-oriented approach. Guided by the R&D and integration of advanced technologies, it provides clients with diversified solutions covering entire project lifecycle, including technology selection, project planning and consultation, project financing, EPC, commissioning and start-up, exhibiting excellent project management and project execution capabilities.

 

Based in China, Wison Engineering has been actively expanding its footprints in the overseas markets. To date, it has established business relationships with 22 countries and regions, with branches spanning 17 countries and regions. Li Zhiyong emphasized that the countries along the "Belt and Road" initiative see growing utilization of energy resources and therefore are the world's largest energy resources and chemical raw material consumption areas which have huge demand for engineering projects, bringing incalculable business opportunities for Wison.

 

At present, Wison Engineering's overseas engineering volume and revenues have exceeded its domestic development. It is expected that revenue from international business will exceed 60% of the total revenue in the next two years. Wison not only won the highest quality award "the Golden Key Award" in the Middle East, but also secured the largest modular project ever undertaken by a Chinese engineering company in the United States and recorded 12 million safe man-hours in the southern part of America. All these records are the best proofs of Wison Engineering's world-class strength and reputation.

 

Li Zhiyong said, with the industry recovery and corporate strategy adjustment, Wison Engineering has made significant progress in 2018. In the first six months of 2018, the total number of new orders equaled to the figure of the whole year of 2017. It is expected that a new breakthrough will be achieved by the end of this year. In the future, Wison Engineering will seize the business opportunities brought about by the "Belt and Road" initiative and the Guangdong-Hong Kong-Macao Greater Bay Area, insist on vigorously expanding the overseas markets and increase investments in technology R&D. In addition, it will be committed to cutting-edge technologies R&D while deepening the application of digitalization and modularization on the energy engineering field, with a view to leading the energy industry revolution and bringing better returns to shareholders.

 

The "Listed Company Awards of Excellence" organized by HKEJ applied a rigorous selection mechanism: during the selection process, through the use of the stock performance tracking system EJFQ "signal" exclusively developed by HKEJ and based on four major criteria, which are the performance of the Hang Seng Index during the same period, the number of recommendations given by professional stock evaluators and industry leaders, profits as well as average annual growth rate, shortlisted companies were selected . The list would be evaluated by the evaluation committee and reviewed by KPMG.