CRHIC(600528)2024-09-06 07:35Group 1: Financial Performance - In the first half of 2024, the company achieved a new contract amount of 26.664 billion yuan, with overseas contracts reaching 1.796 billion yuan, a year-on-year increase of 10.14% [3] - The operating revenue for the first half of 2024 was 13.978 billion yuan, with a net profit attributable to shareholders of 934 million yuan and a non-recurring net profit of 892 million yuan [3] - The comprehensive gross profit margin was 18.79%, an increase of 0.48 percentage points year-on-year [3] Group 2: Business Segments Performance - In the first half of 2024, the new contract amount for tunnel construction equipment and related services was 6.15 billion yuan, with overseas contracts for shield machines/TBMs reaching 1.178 billion yuan, a year-on-year increase of 37.98% [3] - The new contract amount for the turnout business was 4.388 billion yuan, a year-on-year increase of 4.18% [3] - The new contract amount for steel structure manufacturing and installation was 12.333 billion yuan [3] - The new contract amount for engineering machinery and related services was 1.75 billion yuan, a year-on-year increase of 17.27% [3] Group 3: International Market Expansion - The company has established a strong presence in over 40 countries and regions across six continents, with shield machines/TBMs being the leading product [3] - In the first half of 2024, overseas new contracts reached a record high of 1.796 billion yuan, with significant contributions from tunnel construction equipment and related services [3] - The company plans to enhance cooperation with international large-scale construction contractors and strengthen localized operations to reduce production costs for overseas projects [4] Group 4: Cost Management and R&D Investment - The company implemented strict cost control measures, resulting in a 0.02% decrease in management expenses compared to the previous year [4] - Sales expenses increased by 8.37%, significantly lower than the 26% increase in the previous year [4] - R&D expenses amounted to 780 million yuan, a year-on-year increase of 23.35%, accounting for approximately 5.6% of operating revenue [5]