CAMCE-中工国际：三季度在手订单充足出海成绩稳中有增

Group 1 - The core viewpoint of the article highlights that Zhonggong International (002051.SZ) has a strong order backlog and has signed new contracts totaling $2.244 billion in the first three quarters of 2024, with international engineering contracts contributing$ 1.573 billion, a year-on-year increase of 10.08% [1] - The company has demonstrated significant growth in effective contracts, with a total of $836 million, reflecting a year-on-year increase of 118.85% [1] - The company is recognized as a pioneer in the "going out" strategy and a practitioner of the Belt and Road Initiative, having completed numerous large-scale turnkey projects and equipment exports internationally [1] Group 2 - Zhonggong International's competitive advantage in overseas markets has attracted capital market attention, supported by its parent company, Sinomach Group, which provides strong research and industrial foundations [1] - The company has established a differentiated competitive advantage in oil and gas chemical, livelihood projects, industrialization, and international capacity cooperation, adapting to changes in the international engineering contracting market [1] - The company has a strong technical and brand advantage in niche areas such as medical construction, cable cars, and solid waste lifting, and excels in energy, airport logistics, civil construction, and warehousing logistics [1] Group 3 - As of the end of September 2024, Zhonggong International's international business is stable, with 35 ongoing projects and a contract balance of$ 9.03 billion, expected to continue contributing to the company's performance [1] - The company is actively expanding into high-quality overseas markets in the Middle East and Central Asia, which is anticipated to lead to rapid growth in new international engineering contracts [1] - The company has outlined a development strategy in its 14th Five-Year Plan to enhance its integrated investment, construction, and operation services, aiming to become a globally competitive engineering leader [1][2]