Group 1: Financial Performance - The company achieved total revenue of 9.073 billion CNY in the first half of 2024, with a net profit of 420 million CNY, representing a year-on-year growth of 22.43% [3] - The company's non-recurring net profit reached 373 million CNY, with a year-on-year increase of 27.53% [3] - Cumulative cash dividends since the company's restructuring in 2014 amount to 1.83 billion CNY, accounting for approximately 40.1% of the cumulative net profit attributable to shareholders [8] Group 2: Market Strategy and Growth - Over 80% of new orders signed in the first half of 2024 were from overseas markets, indicating a strong international growth outlook [9] - The company is actively expanding its presence in South America and Africa, targeting new clients and projects [9] - The company has positioned itself as a provider of full-process, full-lifecycle solutions in the metallurgical engineering sector, focusing on low-carbon metallurgy technology [9] Group 3: Technological Innovation - R&D expenses for the first half of 2024 totaled 140 million CNY, with 67 new patent applications filed, including 40 invention patents [5] - The company has established a low-carbon metallurgy innovation research center in collaboration with Beijing University of Technology, focusing on various advanced technologies [5] - The company has developed several leading technologies in low-carbon metallurgy, including the world's first hydrogen-based blast furnace with a capacity of one million tons [9] Group 4: Environmental and Social Responsibility - The company has been recognized for its ESG efforts, ranking 55th in the "Central Enterprise ESG Pioneer 100 Index" and receiving a five-star rating for its 2023 ESG report [10] - The company is committed to enhancing its governance and value creation while fulfilling its social responsibilities [10] - The company has established a national engineering laboratory for multi-pollutant control technology, focusing on environmental protection in the steel industry [6] Group 5: Industry Trends and Challenges - The global crude steel production in the first half of 2023 was 954.6 million tons, with China's production decreasing by 1.1% compared to the previous year [11] - The global steel industry is expected to reach a production level of 2.2 to 2.4 billion tons by 2050, indicating a growth trend in other countries while China undergoes structural adjustments [11] - The company views the transition to low-carbon technology as a key driver for the future of the steel industry, emphasizing the importance of innovation and collaboration [11]

特此公告。 中钢国际工程技术股份有限公司监事会 2024 年 9 月 6 日 证券代码：000928 证券简称：中钢国际 公告编号：2024-65 中钢国际工程技术股份有限公司 关于选举职工代表监事的公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 中钢国际工程技术股份有限公司（以下简称"公司"）第九届监事会任期届 满，根据公司章程的有关规定，公司召开了职代会联席会会议，选举王静女士担 任公司第十届监事会职工代表监事（简历附后），与公司股东大会选举的非职工 代表监事共同组成公司第十届监事会，任期与公司第十届监事会相同。 附件：简历 王静：女，1980 年出生，汉族，中国国籍，研究生学历，硕士学位。曾任 中钢设备有限公司资产财务部副部长，中钢设备有限公司内控审计部副部长、部 长。现任中钢国际工程技术股份有限公司审计部副部长（主持工作）、党委巡察 办副主任（主持工作）。未持有上市公司股份；未受过中国证监会及其他有关部 门的处罚和证券交易所纪律处分；未因涉嫌犯罪被司法机关立案侦查或涉嫌违法 违规被中国证监会立案稽查；未被列为失信被执行人；与持有公司 5%以上股份 ...

Investment Rating - The report maintains a "Recommended" rating for the company [2][4]. Core Views - The company reported a revenue of 9.073 billion yuan in the first half of 2024, a year-on-year decrease of 15.15%, while the net profit attributable to shareholders increased by 22.43% to 420 million yuan [1]. - The overseas business showed significant growth, with overseas revenue reaching 4.687 billion yuan, a year-on-year increase of 47.67%, while domestic revenue fell by 41.67% to 4.386 billion yuan [1]. - The company is focusing on low-carbon metallurgy research and actively participating in the "Belt and Road" initiative, with new overseas contracts increasing by 47.97% [1]. Financial Performance Summary - In 2024H1, the company's gross margin improved to 11.46%, up by 2.75 percentage points, and the net profit margin increased to 4.84%, up by 1.47 percentage points [1]. - The company expects net profits for 2024, 2025, and 2026 to be 810 million, 886 million, and 1.007 billion yuan, respectively, with growth rates of 6.33%, 9.48%, and 13.61% [2][3]. - The projected P/E ratios for the same years are 9.60, 8.77, and 7.72 times [2][3].

证券代码：000928 证券简称：中钢国际 公告编号：2024-64 注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中钢国际工程技术股份有限公司（以下简称"公司"）第九届董事会第四十 四次会议和第九届监事会第三十四次会议分别审议通过了《关于公司 2022 年股 票期权激励计划 2023 年度未达行权条件及注销相关股票期权的议案》，根据《上 市公司股权激励管理办法》（以下简称"《管理办法》"）《中钢国际工程技术股份 有限公司股票期权激励计划管理办法》《中钢国际工程技术股份有限公司 2022 年股票期权激励计划（草案修订稿）》（以下简称"本次激励计划"）相关规定及 公司 2023 年第二次临时股东大会授权，经董事会薪酬与考核委员会审查确认， 本次激励计划第一个行权期对应公司 2023 年度业绩考核未达标，第一个行权期 项下的 392.20 万份（最终以中登公司深圳分公司注销份额为准）股票期权均不 得行权，由公司注销。具体内容参见公司于 2024 年 8 月 29 日在《证券时报》《上 海证券报》及巨潮资讯网（http://www.cninfo.c ...

Investment Rating - The report maintains an "Add" rating for the company [2][3][4] Core Views - The company reported a revenue of 9.073 billion yuan in the first half of 2024, a year-on-year decrease of 15.15%, while the net profit attributable to shareholders increased by 22.43% to 420 million yuan [3][4] - The company signed new contracts worth 9.699 billion yuan in the first half of 2024, a year-on-year increase of 3.47%, with domestic contracts decreasing significantly due to falling steel prices, while international contracts grew due to competitive advantages in low-carbon metallurgy technology [3][5] - The company's overseas revenue accounted for 51.66% of total revenue in the first half of 2024, indicating a successful expansion in international markets [3][6] Financial Summary - The company expects total revenue for 2024 to be 26.950 billion yuan, with a year-on-year growth of 2.2%, and net profit attributable to shareholders projected at 887 million yuan, a growth of 16.5% [2][10] - The gross margin for the first half of 2024 was 11.46%, an increase of 2.75 percentage points year-on-year, driven by improved project cost management [6][9] - The company’s operating cash flow per share was -1.08 yuan, indicating a cash outflow primarily due to decreased revenue and extended payment cycles for domestic projects [8][9] Future Outlook - The company is expected to benefit from the ongoing low-carbon transformation in the steel industry, leveraging its low-carbon metallurgy technology [9] - The international engineering demand is strong, with the company having established a significant presence in over 50 countries, particularly along the Belt and Road Initiative [9] - The integration into China Baowu Steel Group is anticipated to enhance resource allocation and access to high-quality orders [9]

证券代码：000928 证券简称：中钢国际 | --- | --- | --- | |-----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------| | 投资者关系活动 类别 | 特定对 ...

公司报告 | 半年报点评 Q2业绩增速表现亮眼，海外毛利率高增带动盈利质量提升 上半年营业收入短暂承压，Q2 业绩实现较快增长 公司 24H1 实现营收 90.73 亿，同比-15.15%，实现归母、扣非净利润 4.20、 3.73 亿，同比+22.4%、+27.5%；Q2 单季实现营收 41.72 亿，同比-25.29%， 归母、扣非净利润为 2.05、1.62 亿元，分别同比+52.04%、+21.47%。Q2 单季度利润高增主要系毛利率同比改善明显。我们预计公司 24-26 年实现 归母净利润为 8.8、10.1、11.5 亿，对应 PE 为 8.8、7.7、6.7 倍，维持"买 入"评级。 境外业务收入增长迅速，有效带动整体毛利率的提升。 分业务来看，24 年上半年公司工程总承包、商品销售、服务业务分别实现 营收 84.31、4.95、1.31 亿元，同比-15.75%、-8.48%、-0.49%，毛利率分别 为 10.65%、13.07%、47.01%，工程总承包毛利率同比+3.21pct。分地区来 看，境外、境内营收为 46.87、43.86 亿元，同比+47.67%、-41.67%，毛利 率为 ...

Investment Rating - The report maintains a "Buy" rating for the company [4]. Core Views - The company experienced significant performance acceleration in Q2, with a notable increase in profitability driven by a substantial rise in gross margin [1]. - The overseas business is expected to maintain high growth momentum due to increasing demand from emerging markets and support from Baowu Group [2]. - The company has a strong dividend yield, with a projected payout ratio of 50% for 2024, making it attractive for investors [2]. Financial Performance Summary - In H1 2024, the company achieved revenue of 9.07 billion yuan, a year-on-year decrease of 15.2%, while net profit attributable to shareholders was 420 million yuan, an increase of 22.4% [1]. - The gross margin for H1 2024 was 11.5%, up 2.8 percentage points year-on-year, with domestic and overseas gross margins at 10.3% and 12.5%, respectively [1]. - The company’s operating cash flow showed a net outflow of 1.56 billion yuan in H1 2024, an increase in outflow of 730 million yuan compared to the previous year [1]. Future Earnings Projections - The company is projected to achieve net profits of 930 million yuan, 1.05 billion yuan, and 1.15 billion yuan for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of 22%, 13%, and 9% [2][3]. - Earnings per share (EPS) are expected to be 0.65 yuan, 0.73 yuan, and 0.80 yuan for the same years [2][3]. Valuation Metrics - The current price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are projected to be 8.1, 7.2, and 6.6, respectively [3][4]. - The company’s return on equity (ROE) is expected to improve to 11.0% in 2024 and further to 11.5% by 2026 [3].

中钢国际 监事会意见 中钢国际工程技术股份有限公司监事会 关于第九届监事会第三十四次会议相关事项的意见 根据《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 等相关法律、法规和规范性文件及公司章程等有关规定，作为中钢国际工程技术股份有 限公司（以下简称"公司"）第九届监事会监事，经认真审阅相关资料，对公司提交第 九届监事会第三十四次会议审议的相关事项发表意见如下： 一、关于公司《2024 年半年度报告》及摘要的意见 经对董事会编制的 2024 年半年度报告审慎审核，监事会认为： 1. 2024 年半年度报告及摘要的编制和审议程序符合法律、法规、公司章程和公司内 部控制制度的各项规定； 2. 内容和格式符合中国证监会和证券交易所的各项规定，所包含的信息能从各方面 真实地反映出公司当期的经营管理和财务状况等事项； 监事会认为：公司对募集资金的存放和使用严格遵守相关法律法规及规章制度的规 定执行，履行了必要的程序，不存在违反法律法规及损害公司股东尤其是中小股东利益 的行为。公司编制的《2024 年上半年募集资金存放与使用情况专项报告》如实反映了公 司募集资金存放与使用情况。 三、关于公司 2 ...

证券代码：000928 证券简称：中钢国际 公告编号：2024-51 中钢国际工程技术股份有限公司 第九届董事会第四十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 二、关于公司《2024 年上半年募集资金存放与使用情况专项报告》的议案 具体内容详见公司同日在《证券时报》《上海证券报》及巨潮资讯网披露的 《2024 年上半年募集资金存放与使用情况专项报告》（公告编号：2024-55）。 公司审计委员会已召开会议审议通过该议案。 独立董事已召开专门会议对本议案进行了审议，具体内容详见同日刊登在巨 潮资讯网上的独立董事专门会议审核意见。 中钢国际工程技术股份有限公司（以下简称"公司"）第九届董事会第四十 四次会议于 2024 年 8 月 28 日在公司会议室以现场方式召开。会议通知及会议材 料于 2024 年 8 月 18 日以邮件方式送达公司各位董事。会议由公司董事长陆鹏程 召集和主持，应出席会议的董事 7 名，实际出席会议的董事 7 名。会议的召开符 合《中华人民共和国公司法》及《公司章程》的规定。 本次会议审议通过了以下议案： 一、关于公司 ...