证券代码：002051 证券简称：中工国际 公告编号：2025－025 中工国际工程股份有限公司 关于为下属全资公司加拿大普康控股有限公司提供 不超过 4,000 万加元（或等值人民币）连带责任保证担保的公告 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。 一、担保情况概述 1.为满足日常经营发展需要，中工国际工程股份有限公司（以下简称中 工国际或公司）的下属全资公司加拿大普康控股有限公司（以下简称加拿大 普康公司）拟向银行申请 5,000 万加元（或等值人民币）的贷款。公司拟为 加拿大普康公司该项贷款提供不超过 4,000 万加元（或等值人民币）连带责 任保证担保，担保期限为自银行批准贷款之日起两年。 2.董事会审议担保议案的表决情况 公司第八届董事会第八次会议于 2025 年 5 月 9 日召开，以 8 票同意、 0 票反对、0 票弃权审议通过了《关于为下属全资公司加拿大普康控股有限 公司提供不超过 4,000 万加元（或等值人民币）连带责任保证担保的议案》。 本议案经董事会审计委员会 2025 年第五次工作会议审议通过后提交公司董 事会审议。 本次担保事 ...

Investment Rating - The industry rating is "Recommended" [4] Core Views - The new housing market is showing signs of recovery, with a notable increase in new home transactions in major cities, indicating a potential boost in demand for construction materials [2][20] - The cement market is experiencing a slight price decline, but demand is expected to improve as weather conditions stabilize and construction activities pick up [3][23] - The report emphasizes the importance of domestic consumption and infrastructure investment, particularly in light of the "equal tariff" environment, which is expected to strengthen domestic demand [7][9] Summary by Sections Housing Market - In the 18th week of the year, new home transaction area in 30 major cities reached 165.19 million square meters, up 21% year-on-year and 6.19% month-on-month [2][20] - The total transaction area for new homes in these cities is 29.32 million square meters, showing no year-on-year change [2][20] - Second-hand home transactions in 15 monitored cities increased by 56% year-on-year but saw a significant month-on-month decline [21] Cement Market - The national average cement price is 390.83 yuan per ton, down 0.8% from the previous week, with price increases mainly in Liaoning and Jilin [3][23] - The cement market is expected to stabilize as demand improves and companies engage in peak-shifting production practices [23] Investment Recommendations - Recommended companies include: - **Oriental Yuhong**, **Weixing New Materials**, and **Tubaobao** for their strong operational resilience and high dividends [7] - **China Construction** and **China Communications Construction** as beneficiaries of increased infrastructure investment [7] - **Jinchengxin** for its strong performance in copper resource development [7] - **Heilongjiang Hongda** and **Xuefeng Technology** in the civil explosives sector due to high demand [7] Industry Trends - The report highlights the ongoing trend of domestic substitution in various sectors, particularly in ship coatings and industrial coatings, with companies like **Maijia Xincai** and **Songjing Coatings** positioned to benefit [7] - The "Belt and Road" initiative is expected to gain momentum, benefiting international engineering companies such as **China Construction** and **China Metallurgical** [7]

Group 1: Overall Business Performance - In 2024, the company achieved a revenue of 12.208 billion CNY and a net profit of 361 million CNY, remaining stable compared to the previous year [4] - The total new contract amount signed for the year was 3.39 billion USD, representing a year-on-year increase of 7.4% [4] - The company ranked 13th in the signing amount of large complete equipment engineering projects by Chinese enterprises abroad in 2024 [4] Group 2: Q1 2025 Performance - In Q1 2025, the company reported a revenue of 2.183 billion CNY and a net profit of 131 million CNY, showing a year-on-year growth of 12.17% [5] - The new contract amount for international engineering contracting reached 699 million USD, a year-on-year increase of 30.65% [5] Group 3: International Business Development - The company has made significant progress in overseas markets, securing multiple projects in the Middle East, Southeast Asia, and Latin America [4] - Key projects include the Iraq oil and gas central processing facility and the construction of international airports in Nicaragua and Kazakhstan [6] Group 4: Technological Innovation - In 2024, revenue from strategic emerging industries was 861 million CNY, accounting for 7.07% of total revenue [8] - The company participated in the formulation of 69 standards and received 90 awards for excellence in various fields [9] Group 5: Engineering Investment and Operations - The engineering investment and operations segment achieved a new contract amount of 1.184 billion CNY in 2024 [10] - The operational capacity for wastewater treatment increased to 280,000 tons per day, doubling from the previous year [10]

Group 1 - Company closed at 7.93 yuan on April 30, down 2.10%, with a rolling PE ratio of 26.13 times and a total market value of 9.813 billion yuan [1] - The average PE ratio for the engineering construction industry is 13.10 times, with a median of 20.41 times, placing the company at the 50th position in the industry ranking [1] - On April 30, the company experienced a net outflow of 13.7872 million yuan in principal funds, with a total outflow of 25.8811 million yuan over the past five days [1] Group 2 - The main business of the company includes design consulting and engineering contracting, advanced engineering technology equipment development and application, and engineering investment and operation [2] - The company has achieved significant recognition, with projects in Bolivia winning the 2019 China Construction Engineering Luban Award (overseas engineering) [2] - The company has received a total of 166 provincial and ministerial-level awards, including 4 National Quality Engineering Awards and various technology awards [2] Group 3 - In the first quarter of 2025, the company reported operating revenue of 2.183 billion yuan, a year-on-year decrease of 7.61%, and a net profit of 131 million yuan, a year-on-year increase of 12.17%, with a sales gross margin of 19.72% [3] - The company's PE (TTM) is 26.13, with a market value of 9.813 billion yuan, compared to the industry average PE of 13.10 and a median of 20.41 [3]

Core Viewpoint - The company, Zhonggong International, has shown mixed financial performance in 2024, with a slight decline in revenue but an increase in net profit, indicating potential resilience in profitability despite revenue challenges [4]. Group 1: Trading Information - On April 25, Zhonggong International's stock closed at 8.22 yuan, up 1.48%, with a turnover rate of 1.07% and a trading volume of 132,200 shares, amounting to a transaction value of 108 million yuan [1]. - The capital flow on the same day indicated a net outflow of 6.86 million yuan from institutional investors, while retail investors contributed a net inflow of 4.71 million yuan [2][6]. Group 2: Shareholder Changes - As of March 31, 2025, the number of shareholders for Zhonggong International increased to 52,200, reflecting a rise of 1,802 shareholders or 3.57% compared to December 31, 2024 [3][6]. - The average number of shares held per shareholder decreased from 24,500 shares to 23,700 shares, with an average market value of 191,200 yuan per shareholder [3]. Group 3: Financial Performance - In 2024, Zhonggong International reported a total revenue of 12.208 billion yuan, a year-on-year decrease of 1.27%, while the net profit attributable to shareholders rose by 0.22% to 361 million yuan [4][6]. - The fourth quarter of 2024 saw a revenue of 3.598 billion yuan, down 4.99% year-on-year, but the net profit attributable to shareholders surged by 227.4% to 37.904 million yuan [4][6]. - The company's debt ratio stood at 51.97%, with investment income of 209 million yuan and financial expenses of 44.33 million yuan, while the gross profit margin was reported at 17.53% [4].

Financial Performance - Company reported total revenue of 2.183 billion yuan for Q1 2025, a decrease of 7.61% year-on-year [1] - Net profit attributable to shareholders reached 131 million yuan, an increase of 12.17% year-on-year [1] - Gross margin was 19.72%, down 2.75% year-on-year, while net margin improved to 6.1%, up 22.43% year-on-year [1] - Total operating expenses were 152 million yuan, accounting for 6.97% of revenue, a decrease of 12.53% year-on-year [1] - Earnings per share increased to 0.11 yuan, up 22.22% year-on-year [1] Cash Flow and Debt - Operating cash flow per share was -0.03 yuan, showing a significant improvement of 94.78% year-on-year [1] - Company’s receivables accounted for 1497.36% of net profit, indicating a high level of accounts receivable [1][3] - Interest-bearing debt rose to 1.487 billion yuan, an increase of 70.35% year-on-year [1] Business Strategy and Market Position - Company is focusing on new market segments and resource allocation as part of its "14th Five-Year Plan" strategy [4] - International engineering contracting business saw new contracts worth 2.411 billion USD, a year-on-year increase of 4.42% [5] - Company is actively developing projects in healthcare, clean energy, and logistics, with significant progress in overseas projects [5] Future Outlook - Analysts expect the company’s performance in 2025 to reach 376 million yuan, with an average earnings per share forecast of 0.3 yuan [3]

Core Insights - The company reported a revenue of over 12.2 billion yuan and a net profit of 362 million yuan for 2024, indicating progress in achieving its "14th Five-Year" strategic goals and demonstrating resilience in a challenging external environment [1] - The company's performance is attributed to its ability to adapt and innovate through a "three new" strategy focusing on new market layouts, new segments, and new resource configurations [1] Financial Performance - In Q1 2025, the company signed new contracts worth a total of 856 million USD, representing a year-on-year growth of 23.86% [1] - For 2024, the total new contract value reached 3.39 billion USD, a 7.4% increase, with international engineering business being a significant contributor [2] Overseas Business Expansion - The overseas engineering business has shown counter-cyclical growth, becoming the largest profit contributor for the company [2] - The company has successfully entered the oil and gas engineering sector in Iraq, achieving significant milestones ahead of schedule [4] - The expansion into overseas markets is seen as a crucial path for the company to navigate economic cycles and seek incremental growth [5] Project Highlights - Key projects include the Nicaragua Punta Huete International Airport expansion and various projects in Kazakhstan and Uzbekistan, showcasing the company's diverse international portfolio [4][5] - The company has established a strong presence in the oil and gas sector, which is characterized by high specialization and large project sizes [4] Technological and Strategic Development - The company emphasizes technological advancement as a key driver for high-quality development, with significant achievements in engineering and technology certifications [8] - The strategic layout of "one body and two wings" aims to enhance international operations and project management capabilities [7] Future Outlook - The year 2025 is defined as a "resilient development" year, with a focus on steady progress and deepening the "one body and two wings" strategy [11] - The company has reported a revenue of 2.183 billion yuan and a net profit of 131 million yuan in Q1 2025, reflecting a 12.17% increase year-on-year [11] Leadership Vision - The chairman emphasized the importance of focusing on core responsibilities and enhancing overseas market development capabilities, aiming to create economic and social value [14]

Core Viewpoint - The company Zhonggong International announced its 2024 annual distribution plan, proposing a cash dividend of 1.25 yuan per 10 shares, totaling 155 million yuan, which represents 42.81% of its net profit, marking the 18th distribution since its listing [2]. Company Summary - The company reported a total revenue of 12.208 billion yuan for 2024, a year-on-year decrease of 1.27%, while net profit reached 361 million yuan, a slight increase of 0.22%. The basic earnings per share were 0.29 yuan, and the weighted average return on equity was 3.19% [2]. - The cash dividend of 1.25 yuan per share for 2024 is consistent with the previous year's distribution, which also stood at 1.25 yuan per share, but the dividend yield increased from 1.08% in 2023 to 1.55% in 2024 [2]. Industry Summary - In the construction and decoration industry, 73 companies have announced their 2024 distribution plans. China State Construction leads with a total cash distribution of 11.218 billion yuan, followed by China Railway and China Railway Construction with distributions of 4.404 billion yuan and 4.074 billion yuan, respectively [3]. - Zhonggong International's cash distribution ranks among the notable payouts in the industry, with a payout ratio of 42.81%, indicating a strong commitment to returning value to shareholders [4].

证券代码：002051 证券简称：中工国际 公告编号：2025－021 中工国际工程股份有限公司 第八届监事会第二次会议决议公告 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。 中工国际工程股份有限公司（以下简称"公司"）第八届监事会 第二次会议通知于2025年4月11日以专人送达、电子邮件方式发出。 于2025年4月23日上午11：00在公司16层1606会议室以现场与通讯相 结合的方式召开，应到监事三名，实到监事三名，其中监事李金伟以 通讯方式参会，出席会议的监事占监事总数的100%，符合《中华人民 共和国公司法》和《公司章程》的规定。会议由监事会主席周寅伦先 生主持。 本次会议以举手表决和记名投票的方式审议了如下决议： 1、会议以3票同意，0票反对，0票弃权，审议通过了《总经理工 作报告》。 2、会议以3票同意，0票反对，0票弃权，审议通过了《2024年度 监事会工作报告》。该议案需提交公司2024年度股东大会审议。 《中工国际工程股份有限公司2024年度监事会工作报告》全文见 巨潮资讯网（http://www.cninfo. com.cn）。 — 1 ...

证券代码：002051 证券简称：中工国际 公告编号：2025－015 中工国际工程股份有限公司 第八届董事会第七次会议决议公告 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。 一、会议召开情况 中工国际工程股份有限公司（以下简称"公司"）第八届董事会第 七次会议通知于 2025 年 4 月 11 日以专人送达、邮件形式发出。会议于 2025 年 4 月 23 日上午 9:00 在公司 10 层多功能厅以现场和通讯相结合 的方式召开，应出席董事八名，实际出席董事八名，其中董事长王博、 董事王强以通讯方式参会，独立董事王世宏以视频方式参会。出席会议 的董事占董事总数的 100%，部分监事和高级管理人员列席了会议，符 合《中华人民共和国公司法》和《公司章程》的规定。由于工作安排与 会议时间冲突，公司董事长王博先生无法现场参加并主持本次会议。经 公司董事会半数以上董事研究决定，推举公司董事、总经理李海欣先生 主持本次会议。 1 董事会工作报告》。该议案需提交公司 2024 年度股东大会审议。 《中工国际工程股份有限公司 2024 年度董事会工作报告》全文见 巨潮资讯 ...