Financial Performance - Net profit attributable to the parent company reached 221 million RMB[7] - Total operating revenue for the year was 24.003 billion RMB, reflecting a year-on-year growth of 7.46%[8] - In 2024, the company achieved operating revenue of 24,003,255 thousand RMB, representing a 7.46% increase compared to 2023[33] - The net profit attributable to shareholders in 2024 was 221,177 thousand RMB, a significant recovery from a loss of 2,657,963 thousand RMB in 2023[33] - The net cash flow from operating activities in 2024 was -2,694,318 thousand RMB, a decline of 472.83% compared to the previous year[33] - The net cash inflow from financing activities was RMB 1.836 billion, a turnaround from a net outflow of RMB 4.412 billion in the previous year, mainly due to strategic investments from subsidiaries totaling RMB 2.29 billion[174] Revenue Growth - Overseas operating revenue was 4.133 billion RMB, an increase of 22.50% year-on-year[8] - Equipment manufacturing revenue was 2.957 billion RMB, up 18.66% year-on-year[8] - Design consulting revenue reached 1.713 billion RMB, an increase of 24.14% year-on-year[8] - New overseas contracts signed totaled 6.095 billion RMB, a year-on-year increase of 65.09%[8] - The company signed new industrial contracts totaling RMB 28.276 billion, accounting for 91.73% of total new contracts, an increase of 42.66% year-on-year[52] - The company achieved a total of RMB 6.095 billion in new overseas contracts, a year-on-year increase of 65.09%[52] Cost Management - The company implemented strict cost control measures, resulting in a decrease in management costs and improved project execution quality[36] - Management expenses decreased by 13.00% year-on-year due to efficiency reforms[121] - The company’s sales expenses decreased by 5.62% to 133 million yuan, reflecting cost control measures[164] Technological Advancements - The company has achieved 27 new international advanced technology results, with 24 at the international leading level[6] - The company implemented a series of digital and intelligent products, including a digital electrolytic cell intelligent control system and an online detection system for anode current distribution[22] - The company focused on technological innovation, launching new technologies such as ultra-fine droplet desulfurization and PSA carbon capture, enhancing its competitive edge[141] - The company has developed advanced mining technologies suitable for extreme conditions, including large-scale equipment for high-altitude and cold environments, achieving significant safety and efficiency improvements[87] Risk Management - The company faces potential risks in 2025, including operational safety, cash flow, and market competition risks[13] - The company focused on risk management, achieving significant breakthroughs in cash flow recovery and maintaining a good credit reputation in the market[23] Awards and Recognition - The company won 40 provincial and ministerial-level science and technology awards, including a second-class award for a project in intelligent automation systems[6] - The company received over 10 national-level engineering quality, technology, and QC achievement awards during the year, enhancing its project performance capabilities[21] - 中铝国际在2024年度中国有色金属工业科学技术奖中获得21项成果，其中一等奖8项，较上年增长33%[74] International Expansion - The company signed industrial contracts worth CNY 28.276 billion, accounting for 91.73% of the total new contracts signed, with EPC contracts increasing by 67.08% year-on-year to CNY 10.796 billion[21] - The company has successfully exported its self-developed technologies and equipment to over 20 countries and regions across Asia, Europe, America, and Africa[103] - The company successfully expanded into new markets in Morocco and Ghana, enhancing its international presence[153] Organizational Development - A total of 237 management and research backbone employees participated in the long-term equity incentive plan, aimed at enhancing core competitiveness[23] - The company has streamlined its organizational structure, reducing branch and departmental personnel by 51.61% and general management personnel by 56.22%[64] - The company has established a legal compliance control system, implementing a unified contract management approach across its headquarters and subsidiaries[59] Environmental and Safety Initiatives - The company aims to achieve a "three zeros" goal in safety and environmental management, with a robust HSE system successfully re-certified[60] - The company has reduced energy consumption by 35% year-on-year through advanced desulfurization technology, achieving ultra-clean emissions[57] - The company has developed a comprehensive remediation technology for heavy metal pollution, enhancing the effectiveness and long-term stability of contaminated site restoration[90] Future Outlook - The company plans not to distribute profits for the year 2024 due to future investment needs[10] - The company plans to focus on high-quality development and the implementation of a management system reform to achieve its "14th Five-Year" goals[24] - The company is focusing on digital transformation in the non-ferrous metal mining, smelting, and processing sectors, implementing several digital intelligent system construction demonstration projects[109]

Group 1 - The core business of the company includes design consulting, EPC engineering contracting, construction, and equipment manufacturing, leveraging its leading technology and talent in the non-ferrous metal industry [2] - The company has participated in various sectors such as metallurgy, transportation, municipal, construction, power, petroleum, chemical, and military, achieving numerous "China First" and "World First" milestones [2] - The latest financial results show that the company achieved an operating income of 24.003 billion yuan, a year-on-year increase of 7.46%, and a net profit of 221 million yuan, a year-on-year increase of 108.32% [2] Group 2 - The company's current price-to-earnings (PE) ratio is 64.26, significantly higher than the industry average of 15.53 and the industry median of 17.66, ranking 59th in the industry [1][3] - The total market capitalization of the company is 14.213 billion yuan, with a rolling PE ratio indicating a high valuation compared to its peers [1][3] - As of August 31, 2018, the number of shareholders reached 245,413, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1]

Investment Rating - Investment rating: Positive (maintained) [5] Core Viewpoints - The report emphasizes the construction of a community of shared destiny in the context of evolving global geopolitical dynamics, highlighting China's commitment to high-quality co-construction of the "Belt and Road" initiative with neighboring countries [5][10] - As of now, China has reached consensus on building a community of shared destiny with 17 neighboring countries and signed cooperation agreements with 25 countries, becoming the largest trading partner for 18 neighboring countries [10][11] Market Review - The report notes that the construction and decoration sector has seen a decline, with the Shanghai Composite Index down 3.11%, the Shenzhen Component Index down 5.13%, and the ChiNext Index down 6.73% during the week [39] - The report highlights that 23 stocks in the construction sector rose, with the top five performers being: Chuangxing Resources (+19.34%), *ST Nongshang (+15.74%), Zhongshe Consulting (+15.58%), Guangzi International (+14.75%), and COFCO Technology (+12.37%) [39] Regional Cooperation Insights China-Central Asia - Central Asia is identified as the birthplace of the "Belt and Road" initiative, with trade between China and Central Asian countries projected to reach $94.8 billion in 2024, reflecting a robust growth of 6.1% year-on-year [15][20] - The report highlights significant infrastructure projects, including the China-Kyrgyzstan-Uzbekistan railway, which is expected to enhance connectivity and reduce transportation time significantly [19][20] China-Southeast Asia - The report indicates that trade between China and ASEAN countries is expected to reach $982.3 billion in 2024, marking a year-on-year growth of 7.75% [30] - The successful operation of the China-Laos railway is noted as a key achievement, facilitating economic corridors and enhancing regional connectivity [26][30] Industry Developments - The report discusses the increasing demand for digital and green construction in Southeast Asia, presenting opportunities for Chinese companies in areas such as data centers and green building projects [32] - It also mentions that the issuance of green bonds in ASEAN countries is on the rise, indicating a shift towards sustainable infrastructure development [32] Company Dynamics - The report highlights significant contract wins by major construction firms, including China Railway, which secured contracts totaling approximately 66.77 billion yuan, representing 5.77% of its projected revenue for 2024 [42] - China Metallurgical Group announced new contracts worth 14.35 billion yuan, showcasing its strong position in the metallurgical engineering sector [42]

Investment Rating - The report maintains a positive outlook on the construction and decoration industry, indicating an "Overweight" rating, suggesting that the industry is expected to outperform the overall market [1]. Core Insights - The construction sector experienced a weekly decline of 3.43%, underperforming the Shanghai Composite Index, which fell by 3.11% and the CSI 300 Index, which decreased by 2.87% [3][6]. - Key sub-sectors that performed best during the week included infrastructure state-owned enterprises (-1.33%), international engineering (-1.63%), and steel structures (-4.16%) [6][10]. - Notable companies with significant weekly gains included China Railway (+0.89%), Chalco International (+1.51%), and Honglu Steel Structure (+0.97%) [6][10]. - Year-to-date, the international engineering sector has seen a rise of 1.73%, with Chalco International leading with a 7.03% increase, and Honglu Steel Structure showing a 16.51% increase [6][10]. Summary by Sections Industry Performance - The construction industry saw a weekly decline of 3.43%, outperforming the Shenzhen Composite Index (-5.13%), the Small and Medium Enterprises Board (-4.32%), and the ChiNext Index (-6.73%) [3][6]. - The best-performing sub-sectors for the week were infrastructure state-owned enterprises, international engineering, and steel structures [6][10]. Key Company Developments - Jinggong Steel Structure reported a 12.03% increase in revenue for 2024, but a 6.69% decrease in net profit [18]. - Honglu Steel Structure reported a 1.25% increase in new sales contracts for the first quarter, with a production increase of 14.29% compared to the same period in 2024 [18]. - China Railway secured a major project worth 66.772 billion yuan, representing 5.77% of its total revenue for 2024 [18]. Investment Analysis - The report suggests that infrastructure investment is expected to recover in 2025, highlighting the investment value in cyclical high-elasticity sectors [2][18]. - Recommended stocks include Honglu Steel Structure in the steel structure sector, and China Railway and China State Construction Engineering in the state-owned enterprise category [2][18].

【项目投资】 海鸥住工(002084.SZ)：出口美国业务占整体营收约为30% 可立克(002782.SZ)：本轮美国加征关税对公司收入利润的影响较小 | | | 4月10日重要公告精选 | | --- | --- | --- | | 类型 | 公司 | 主要内容 | | 热点追踪 | 蜀道装备 | 本轮美国加征关税政策不会对公司海外销售及整体经营业绩造成影响 | | | 可立克 | 本轮美国加征关税对公司收入利润的影响较小 | | 项目投资 | 华东重机 | 拟投资10亿元建设"华东重机智能制造基地项目" | | 合同中标 | 中铝国际 | 中标约20.33亿元几内亚西芒杜项目Simfer矿区采矿运维项目 | | 业绩披露 | 长安汽车 | 2024年度净利润73.21亿元 拟10派2.95元 | | | 中金公司 | 一季度净利同比预增50%至70% | | 股权转让 | ST汇金 | 拟收购控股子公司中科拓达30%股权 | | 回购 | 歌尔股份 | 拟斥资5亿元-10亿元回购股份 | | 增减持 | 浪潮信息 | 浪潮集团拟增持1亿元-2亿元公司股份 | | | 新风鸣 | 控股股东拟增持2亿元-3亿 ...

几内亚西芒杜铁矿是全球储量最大、品质最优的未开发铁矿之一，此次中标标志着中铝国际在海外大型 矿山运维服务领域的核心竞争力得到国际客户认可。公司表示，该项目将推动其工程技术服务向高附加 值领域延伸，同时通过规模化运营提升盈利水平。 4月10日晚间，中铝国际（601068）披露了2025年一季度经营数据公告，公司一季度新签工业合同额同 比大增51.04%，同日披露的中标公告显示，公司斩获海外超20亿元大单，展现出强劲的业务拓展能力 与市场竞争力。 一季度业绩亮眼，新签合同额突破85亿元 根据公司披露的2025年第一季度经营数据，中铝国际新签合同总额达85.65亿元人民币，较去年同期增 长51.04%。从业务板块来看，工业领域贡献显著，新签合同金额达84.02亿元，占比超98%，同比激增 78.47%；EPC工程总承包及施工业务表现突出，新签合同74.52亿元，同比增长66.08%。分地区而言， 境外市场拓展成效显著，新签合同9.00亿元，同比增幅达42.67%，彰显公司在全球化布局中的战略成 效。 值得关注的是，截至2025年3月末，公司在手订单总量高达431.73亿元，为全年收入提供有力保障。 中标西芒杜项目， ...

| 合同类型 | 2025 年 1 | 月-3 月 | | 2025 年累计 | | | | --- | --- | --- | --- | --- | --- | --- | | | 数量 | 金额 | 数量 | 金额 | 去年同期 | 同比增减 | | | (个) | (亿元) | (个) | (亿元) | (亿元) | (%) | | 一、分行业 | | | | | | | | 1.工业 | 864 | 84.02 | 864 | 84.02 | 47.08 | 78.47 | | 2.非工业 | 273 | 1.63 | 273 | 1.63 | 9.63 | -83.07 | | 合计 | 1,137 | 85.65 | 1,137 | 85.65 | 56.71 | 51.04 | | 二、分业务 | | | | | | | | 1.设计咨询 | 454 | 4.90 | 454 | 4.90 | 5.36 | -8.52 | | 2.EPC 工程总 承包及施工 | 537 | 74.52 | 537 | 74.52 | 44.87 | 66.08 | | 3.装备制造 | 146 | 6.23 ...

证券代码：601068 证券简称：中铝国际 公告编号：临2025-014 中铝国际工程股份有限公司 关于几内亚西芒杜项目Simfer矿区 采矿运维项目中标的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 近日，中铝国际工程股份有限公司（以下简称公司）收到几 内亚西芒杜项目Simfer矿区采矿运维项目中标通知书。 一、项目基本情况 根据辛弗有限公司(SimferS.A.）发来的项目中标通知书，项 目基本信息如下： （一）项目名称：几内亚西芒杜铁矿采矿运维项目（I0016- 350-SC-CON-067） （二）中标人：公司 （三）发包形式：运维服务合同 （四）合同总价：不超过2.8亿美元，折合人民币约20.33亿 元 若该项目合同正式签订并顺利实施，则有利于扩大公司经营规 模，对公司当期及未来年度业绩产生积极影响，有利于提升公司的 2 持续盈利能力，但影响公司财务指标的具体金额目前尚无法测算。 三、协议履行的风险分析 公司尚未与相关单位签署合同，项目总金额、具体实施内容等 均以正式合同为准。公司将根据项目进展情况及时履行 ...

截至2024年年报，共有89家机构持仓中铝国际，其中基金84家、其他4家、券商1家，合计持股数 230272.53万股，持股市值101.55亿元。 4月9日，中铝国际今日收盘4.41元，上涨5.50%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到59.53倍，总市值131.68亿元。 中铝国际工程股份有限公司的主营业务是设计咨询、EPC工程总承包及施工、装备制造业务。公司的主 要产品是设计咨询、EPC工程总承包及施工、装备制造。公司以在有色金属行业绝对领先的技术优势、 人才优势、资质优势、全产业链优势和国际化优势，为整个有色金属产业链上各类业务提供了全方位的 综合技术及工程设计和建设服务，并为构建资源节约型和环境友好型社会做出了积极贡献。公司所属企 业均是行业骨干企业，先后参与了新中国成立以来国内外冶金、交通、市政、建筑、电力、石油、化 工、军工等十多个行业的规划、科研、设计和工程建设，创造了百余项"中国第一"和"世界第一"，是中 国有色金属工业的缔造者、行业标准的制定者、有色工程技术的引领者。公司有500多个承建项目分别 获得了中国建设工程鲁班奖(国家优质工程)、土木工程詹天佑奖、国家优质工 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2068） 承董事會命 中鋁國際工程股份有限公司 陶甫倫 聯席公司秘書 中鋁國際工程股份有限公司 中 國 北 京，二 零 二 五 年 四 月 八 日 China Aluminum International Engineering Corporation Limited 於 本 公 告 日 期，非 執 行 董 事 為 張 德 成 先 生 及 楊 旭 先 生；執 行 董 事 為 李 宜 華 先 生、劉敬先生、劉東軍先生及趙紅梅女士；以及獨立非執行董事為張廷安先生、 蕭 志 雄 先 生 及 童 朋 方 先 生。 董事會召開日期 CHALIECO 中鋁國際工程股份有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，本 公 司 將 於二零二五年四月二十二 ...