Market Focus and Business Development - The company focuses on high-quality co-construction of the "Belt and Road" initiative, targeting stable political environments and high-demand markets, while strengthening its position in traditional markets and developing pillar markets [2] - Key business areas include oil and gas, cableways, logistics, and healthcare, with a commitment to optimizing market layout and increasing development efforts in key markets [2] Investment and Operations Progress - The "Engineering Investment and Operation" sector emphasizes environmental protection, cableways, and clean energy, with operational assets including wastewater treatment and solid waste processing plants [3] - In the first three quarters of the year, the company signed contracts for wastewater treatment projects in Shanxi and Gansu, and successfully launched its first cableway project in Xinjiang [3] Strategic Emerging Industries - In the first half of 2024, revenue from strategic emerging industries reached CNY 384 million, accounting for 6.98% of total revenue, with projections to increase by 2% and 4% in 2024 and 2025, respectively [5] - The company is focusing on traditional industry upgrades and developing forward-looking emerging industries, including biotechnology and high-end environmental equipment [5] International Business and Orders - From January to September 2024, the company signed new international engineering contracts worth USD 1.573 billion, a year-on-year increase of 10.08%, with effective contracts totaling USD 836 million, up 118.85% [7] - The company has a solid backlog of contracts and a robust project pipeline for future growth [7] ESG Integration and Social Responsibility - The company has been disclosing social responsibility reports for ten consecutive years and has integrated ESG management into its strategic and operational frameworks [8] - It has received numerous ESG awards and recognitions, reflecting its commitment to sustainable development and stakeholder engagement [8] Shareholder Rights and Returns - The company has distributed a total of CNY 3.086 billion in cash dividends since its listing, with plans to increase the cash dividend ratio to at least 40% of the distributable profits starting in 2024 [9] - Independent directors actively ensure the protection of minority shareholders' rights through rigorous oversight and engagement [9] Future Growth and Value Enhancement - The company aims to enhance its market value through investor relations management, mergers and acquisitions, and operational improvements [10] - It plans to focus on new market segments and resource allocation to create differentiated competitive advantages [10]

证券代码：002051 证券简称：中工国际 公告编号：2024－057 中工国际工程股份有限公司 关于举行 2024 年第三季度业绩说明会 向投资者公开征集问题，广泛听取投资者的意见和建议。欢迎广大投资 者于 2024 年 11 月 10 日（星期日）17：00 前将关注的问题通过电子邮 件的形式发送至公司邮箱 002051@camce.cn，公司将在本次业绩说明会 上对投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与！ 特此公告。 中工国际工程股份有限公司董事会 并征集相关问题的公告 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。 中工国际工程股份有限公司（以下简称"公司"）将于 2024 年 11 月 11 日（星期一）15：00-16：00 在"价值在线"（www.ir-online.cn） 举办 2024 年第三季度业绩说明会，本次业绩说明会将采用网络远程方 式举行，投资者可登陆网址 https://eseb.cn/1jb0BoNG2Ji 或使用微信扫描 下方小程序码参与本次业绩说明会。 出席本次说明会的人员有：公司董事长王博先生，独立董事张黎群 ...

Investment Rating - The report maintains a rating of "Buy" for the company [8][6]. Core Views - The Q3 performance of the company was below expectations, but it is anticipated that the company will achieve steady growth in the future due to the strong capabilities of its controlling shareholder, China National Machinery Industry Corporation, and its competitive advantages in high-end equipment, oil and gas, and medical sectors [3]. Financial Summary - For the first three quarters of 2024, the company reported revenue of 8.61 billion yuan, a slight increase of 0.37% year-on-year, while the net profit attributable to the parent company decreased by 7.32% to 320 million yuan [6]. - The operating cash flow for the first three quarters of 2024 was -1.69 billion yuan, compared to -750 million yuan in the same period of 2023 [6]. - The company’s expense ratio increased to 12.19%, and the net profit margin decreased to 3.76% [6]. - The weighted ROE was 2.86%, down by 0.26 percentage points [6]. Order and Contract Insights - International engineering orders increased by 10.1% year-on-year in the first three quarters, but there was a significant decline of 24.4% in Q3 alone [6]. - New contracts signed in the international engineering contracting business totaled 1.57 billion USD, reflecting a year-on-year increase of 10.1%, while Q3 saw a decline of 24.4% [6]. - Domestic engineering contracting new contracts surged by 229.3% year-on-year in the first three quarters, with Q3 alone seeing a remarkable increase of 3233% [6]. Valuation Metrics - The target price is set at 9.83 yuan, corresponding to a PE ratio of 31.7 times for 2024 [6]. - The current price is 8.01 yuan, with a market capitalization of 9.912 billion yuan [9]. - The company has a PB ratio of 0.87, which is at the 19th percentile over the past 10 years [6]. Shareholder Returns - According to the shareholder return plan for 2024-2026, the company will distribute no less than 40% of the annual distributable profits in cash [6]. - The current dividend yield is 1.56% [6].

证券代码：002051 证券简称：中工国际 公告编号：2024－053 中工国际工程股份有限公司 2024 年第二次临时股东大会决议公告 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。 重要提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更前次股东大会决议的情况。 一、会议召开情况 1、召开时间： （1）现场会议召开时间为：2024 年 10 月 29 日下午 2:00 （2）网络投票时间为：2024 年 10 月 29 日 通过深圳证券交易所交易系统投票时间为：2024 年 10 月 29 日上午 9:15～9:25、9:30～11:30，下午 1:00～3:00 通过深圳证券交易所互联网投票系统投票的具体时间为：2024 年 10 月 29 日上午 9:15 至下午 3:00 2、现场会议召开地点：北京市海淀区丹棱街 3 号 A 座 10 层多功能 厅 3、会议召开方式：现场表决和网络投票相结合的方式 1 4、召集人：公司董事会 5、现场会议主持人：公司董事长王博先生 本次会议的召开符合《中华人民共和国公司法》、《上市公司股东大 会 ...

证券代码：002051 证券简称：中工国际 公告编号：2024－054 中工国际工程股份有限公司 第八届董事会第一次会议决议公告 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 会第一次会议通知于 2024 年 10 月 25 日以专人送达、电子邮件方式 发出。会议于 2024 年 10 月 29 日下午 3：30 在公司 10 层多功能厅 召开，应参与表决董事七名，实际参与表决董事七名，其中董事李 海欣以视频方式参加会议。本次出席会议的董事占董事总数的 100%， 二名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。会议由董事长王博先生主持。 二、会议审议情况 本次会议以举手表决方式审议了如下决议： 1、会议以 7 票同意，0 票反对，0 票弃权，审议通过了《关于 选举公司董事长的议案》。选举王博先生为公司第八届董事会董事 长，任期与第八届董事会一致。 2、会议以 7 票同意，0 票反对，0 票弃权，审议通过了《关于 选举第八届董事会专门委员会成员的议 ...

北京金诚同达律师事务所 2024 年第二次临时股东大会的 关于 中工国际工程股份有限公司 2024 年第二次临时股东大会的 法律意见书 金证法意[2024]字 1029 第 0587 号 北京市建国门外大街1号国贸大厦A座十层 100004 电话：010—57068585 传真：010—85150267 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于中工国际工程股份有限公司 法律意见书 金证法意[2024]字 1029 第 0587 号 致：中工国际工程股份有限公司 受中工国际工程股份有限公司（以下简称"中工国际"或"公司"）聘请和 北京金诚同达律师事务所（以下简称"本所"）委派，本所律师出席中工国际 2024 年第二次临时股东大会并对会议的相关事项出具法律意见书。 根据《中华人民共和国证券法》、《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股东大会规则》（以下简称"《股东大会规则》"）、《深 圳证券交易所上市公司股东大会网络投票实施细则》、《律师事务所从事证券法律 业务管理办法》、《律师事务所证券法律业务执业规则》等法律、法规和规范性文 件的要求以及《中工国际工程股份有限公司 ...

中工国际工程股份有限公司 第八届监事会第一次会议决议公告 证券代码：002051 证券简称：中工国际 公告编号：2024－056 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 一次会议通知于 2024 年 10 月 25 日以专人送达、电子邮件方式发出。会 议于 2024 年 10 月 29 日下午 4：30 在公司 16 层第二次会议室以现场和 通讯相结合的方式召开，应到监事三名，实到监事三名，其中监事周寅 伦以通讯方式参加会议，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。经公司半数以上监事研 究决定，推举监事李金伟先生主持本次会议。 监事会对《中工国际工程股份有限公司 2024 年第三季度报告》进行 了审核，监事会认为：董事会编制和审核中工国际工程股份有限公司 2024 年第三季度报告的程序符合法律、行政法规和中国证监会的规定， 报告内容真实、准确、完整地反映了上市公司的实际情况，不存在任何 虚假记载、误导性陈述或者重大遗漏。 《中工国际工程股份有限 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥3,110,717,396.94, a decrease of 8.80% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥51,657,776.94, down 33.33% year-on-year[2]. - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥42,126,801.48, a decline of 63.48% compared to the previous year[2]. - The total revenue for the third quarter of 2024 was reported at approximately 17.15 billion RMB, a decrease from 18.14 billion RMB in the previous quarter, reflecting a decline of about 5.4%[11]. - The net profit for Q3 2024 was approximately CNY 323.73 million, a decrease of 6.4% compared to CNY 345.93 million in Q3 2023[15]. - The operating profit for Q3 2024 was CNY 452.30 million, a decline of 10.5% from CNY 505.12 million in Q3 2023[15]. - The total comprehensive income for Q3 2024 was CNY 335.60 million, down from CNY 437.60 million in Q3 2023[15]. - Basic earnings per share for Q3 2024 were CNY 0.26, compared to CNY 0.28 in the same quarter last year[15]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥1,686,324,362.30, representing a decrease of 124.47%[5]. - The company's cash and cash equivalents decreased to approximately 5.08 billion RMB from 6.93 billion RMB, representing a decline of around 26.7%[11]. - Cash and cash equivalents at the end of Q3 2024 were CNY 4.89 billion, a decrease from CNY 6.12 billion at the end of Q3 2023[18]. - The company reported a cash outflow from financing activities of CNY 242.83 million, contrasting with an inflow of CNY 109.85 million in Q3 2023[18]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥23,415,608,767.77, an increase of 3.51% from the end of the previous year[2]. - The total assets of the company at the end of the quarter were approximately 18.14 billion RMB, reflecting a decrease from the previous period[11]. - The total liabilities rose to CNY 11,882,849,676.31, compared to CNY 11,280,647,354.87, indicating an increase of 5.34%[13]. - The equity attributable to shareholders at the end of Q3 2024 was ¥11,404,505,096.59, up 1.61% from the end of the previous year[2]. - The total equity attributable to shareholders of the parent company reached CNY 11,404,505,096.59, up from CNY 11,223,909,455.66, reflecting a growth of 1.61%[13]. Expenses and Financial Performance - Financial expenses increased by 174.16% year-on-year, primarily due to foreign exchange losses of ¥84 million in the current period[5]. - The company reported a financial expense of CNY 128,402,560.17, compared to a financial income of CNY -173,135,364.29 in the previous year, indicating a significant change in financial performance[14]. - Research and development expenses for the quarter were CNY 372,391,365.99, down from CNY 413,130,792.93, a reduction of 9.85%[14]. Inventory and Receivables - The inventory increased to approximately 3.95 billion RMB, up from 3.45 billion RMB, indicating a rise of about 14.5%[11]. - The accounts receivable increased slightly to approximately 5.49 billion RMB from 5.43 billion RMB, showing a growth of about 1.0%[11]. Foreign Exchange and Risk Management - The company reported a significant decline in net profit due to the impact of exchange rate fluctuations, with a notable decrease in USD exchange rate benefits compared to the previous year[5]. - The company reported a foreign exchange hedging loss of approximately 29.63 million RMB during the reporting period[10]. - The company has engaged in foreign exchange derivative hedging with a total locked amount of 193 million USD and 1.65 million EUR at the beginning of the period[9]. - The company will continue to monitor exchange rate fluctuations and implement measures to manage currency risk effectively[5]. Investments and Agreements - The company signed a cooperation agreement for the construction of the Xinjiang Atushi Tianmen Cableway Complex, with an estimated investment scale of around 200 million RMB[9]. - The company’s long-term equity investments increased to approximately 555.21 million RMB from 294.62 million RMB, indicating a significant rise of about 88.5%[11]. - The company’s contract assets rose to approximately 368.86 million RMB from 222.43 million RMB, marking an increase of about 65.8%[11]. - Non-recurring gains and losses totaled ¥9,530,975.46 for the current period, with government subsidies contributing ¥3,988,891.67[3].

Group 1 - The core viewpoint of the article highlights that Zhonggong International (002051.SZ) has a strong order backlog and has signed new contracts totaling $2.244 billion in the first three quarters of 2024, with international engineering contracts contributing $1.573 billion, a year-on-year increase of 10.08% [1] - The company has demonstrated significant growth in effective contracts, with a total of $836 million, reflecting a year-on-year increase of 118.85% [1] - The company is recognized as a pioneer in the "going out" strategy and a practitioner of the Belt and Road Initiative, having completed numerous large-scale turnkey projects and equipment exports internationally [1] Group 2 - Zhonggong International's competitive advantage in overseas markets has attracted capital market attention, supported by its parent company, Sinomach Group, which provides strong research and industrial foundations [1] - The company has established a differentiated competitive advantage in oil and gas chemical, livelihood projects, industrialization, and international capacity cooperation, adapting to changes in the international engineering contracting market [1] - The company has a strong technical and brand advantage in niche areas such as medical construction, cable cars, and solid waste lifting, and excels in energy, airport logistics, civil construction, and warehousing logistics [1] Group 3 - As of the end of September 2024, Zhonggong International's international business is stable, with 35 ongoing projects and a contract balance of $9.03 billion, expected to continue contributing to the company's performance [1] - The company is actively expanding into high-quality overseas markets in the Middle East and Central Asia, which is anticipated to lead to rapid growth in new international engineering contracts [1] - The company has outlined a development strategy in its 14th Five-Year Plan to enhance its integrated investment, construction, and operation services, aiming to become a globally competitive engineering leader [1][2]

证券代码：002051 证券简称：中工国际 公告编号：2024－052 中工国际工程股份有限公司 2024 年第三季度经营情况简报 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。 中工国际工程股份有限公司（以下简称"公司"）2024 年第三季 度主要经营情况如下： 一、主要经营数据 2024 年第三季度，公司国际工程业务新签重要合同 2 个，新签 合同额为 2.85 亿美元。2024 年 1-9 月，公司国际工程业务新签重要 合同 10 个，新签合同额累计为 15.73 亿美元，同比增长 10.08%；国 际工程承包业务生效合同额 8.36 亿美元，同比增长 118.85%。截至 2024 年 9 月末，公司国际工程业务主要在执行项目 35 个，在手合同 余额为 90.3 亿美元。 2024 年第三季度，公司国内工程承包业务新签合同额为 12 亿元， 包括：重庆医科大学附属第一医院第一分院改扩建二期工程设计施工 总承包、三亚测绘技术开发服务培训中心改造项目等；咨询设计业务 新签合同额为 3.50 亿元，包括：首都医科大学附属北京中医医院新 院区建设工程、海口塔 ...