Sunpower Group

Sunpower Group: Secured a Rmb253.5m EPC contract with BaoTa Petrochemical Group to supply sulphur recovery and flare systems for Xinjiang Kuishan Petrochemical Base, a large‐scale oil‐coal‐chemical‐power‐heat integrated project. The contract is currently the largest for the group's energy saving and environmental protection systems segment. This contract win follows after the group's recent contract win on 26 Jun where the group secured a Rmb130m EPC contract from Shanxi Lu'an Mining for similar work with flare systems. Sunpower is a China‐based heat transfer technology specialist engaged in the design, R&D and manufacture of energy‐efficient and environmental protection equipment for diverse industries. Sunpower group trades at 4.1x trailing P/E and 0.5x P/B.