CAMCE(002051)2025-02-21 06:12Group 1: Company Performance Overview - In 2024, the company achieved total revenue of CNY 1,227,298.10 million and a net profit of CNY 36,065.41 million, remaining stable compared to the previous year [3] - The international engineering contracting business signed new contracts worth USD 2.411 billion, a year-on-year increase of 4.42% [3] - The effective contract amount for international engineering contracting stood at USD 1.154 billion, maintaining a high level [3] Group 2: Project Developments - Significant progress was made in overseas projects, including the Iraq oil and gas central processing facility and the Uzbekistan Olympic City project [3] - In early 2025, the company reported successful project launches in both domestic and international markets, including the Guyana Demerara Hospital project and the Nicaragua Sandino Port upgrade project [4] - The company has completed over 600 cableway projects domestically, enhancing its service in the tourism industry [5] Group 3: Financing Innovations - The company has a strong asset position and diverse financing channels, allowing it to design tailored financing solutions that reduce costs for clients [6] - Notable financing projects include the first RMB sovereign commercial loan project in Uzbekistan and the largest soda ash plant project in Central Asia, which received multiple awards for its financing structure [6] Group 4: International Expansion - The company’s subsidiary, Beiqi Institute, is expanding its international operations, with significant growth in markets such as Nepal, Japan, and Brazil [7] - The Beiqi Institute has successfully completed the first cableway project in Myanmar and the largest automated cold storage project in Central Asia [7] Group 5: Strategic Initiatives - The company is implementing a "Quality and Return Dual Improvement" action plan to enhance operational quality and share high-quality development results with investors [9] - The company is committed to adhering to the State-owned Assets Supervision and Administration Commission's policies on value management to improve its market value and competitiveness [9]