Financial Performance - The company's operating revenue for 2024 reached ¥8,862,222,844.58, representing a 17.25% increase compared to ¥7,558,215,928.20 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥410,250,060.43, up 19.28% from ¥343,926,312.91 in 2023[18]. - The net profit after deducting non-recurring gains and losses was ¥379,840,443.47, a 29.03% increase from ¥294,372,264.01 in 2023[18]. - The net cash flow from operating activities for 2024 was ¥592,746,416.04, reflecting a 15.77% increase from ¥512,022,656.77 in 2023[18]. - The total assets at the end of 2024 amounted to ¥16,100,437,077.4, a 12.30% increase from ¥14,336,573,892.3 at the end of 2023[18]. - The company's weighted average return on equity for 2024 was 9.81%, up from 8.94% in 2023[18]. - The total revenue for the company reached 8.862 billion yuan, with a year-on-year increase of 17.25%[83]. - The chemical industry contributed ¥7,591,167,381.84, accounting for 85.65% of total revenue, with a year-on-year growth of 13.46%[100]. - The environmental governance infrastructure sector saw a significant increase in revenue, totaling ¥1,100,375,259.50, which is a 63.05% increase compared to the previous year[100]. Strategic Goals and Future Outlook - The company aims to establish a batch of research and development results that support the group-level industrial base by 2025, with initial effectiveness of the "T+EPC" model[10]. - By 2027, the company expects to form a number of domestically leading industrial chains and further mature the "T+EPC" model[10]. - The company anticipates significant changes by 2029, achieving a substantial increase in key economic indicators compared to 2024[10]. - The company aims to enhance its international competitiveness by integrating technology, engineering contracting, and investment operations[26]. - The company plans to sign new contracts worth 22.285 billion yuan and achieve revenue of 10 billion yuan with a total profit of 570 million yuan by 2025[172]. - The company is focusing on three key areas: new materials, new energy, and new environmental protection, aiming for green and high-quality development[165]. - The company is committed to integrating environmental protection into its development strategy, with a focus on sustainable practices and compliance[93]. Research and Development - The company has been granted 35 patents, including 22 invention patents, and has received several awards for technological progress, enhancing its capacity for high-quality development[35]. - The company has invested in 13 environmental operation projects, achieving stable operational income and expanding its operational scale[36]. - The company is enhancing its R&D capabilities by establishing various industry incubation platforms for biodegradable materials and graphene, among others[174]. - Research and development expenses increased by 17.89% to 311,970,086.79 CNY in 2024, accounting for 3.52% of total revenue[125]. - The number of R&D personnel rose to 280, a 5.26% increase from 2023, with 164 holding master's degrees[124]. Market Expansion and Contracts - The company signed new contracts totaling 22.285 billion yuan in 2024, with domestic orders at 13.530 billion yuan and overseas orders at 8.755 billion yuan[34]. - The company has a backlog of signed but uncompleted contracts amounting to 49.815 billion yuan, ensuring a solid foundation for sustainable development[34]. - The company achieved a completion rate of over 70% for its reform initiatives aimed at enhancing corporate quality and value creation[33]. - The company is actively expanding its overseas business and has signed contracts related to new projects, including in the green hydrogen market[194]. Risk Management and Governance - The company emphasizes the importance of risk awareness regarding operational, technical, project, and investment risks in its future outlook[4]. - The company has implemented a comprehensive risk prevention system, including the release of a risk assessment database for overseas projects[96]. - The company is focusing on risk management by strengthening contract management and compliance systems to mitigate legal risks[178]. - The company is committed to improving its risk control systems and corporate governance structures[195]. Environmental and Sustainability Initiatives - The company is focusing on innovation and green transformation in the chemical industry, promoting biodegradable plastics and recycling of waste materials[157]. - The company is committed to achieving its annual production and operational goals through structural adjustments and transformation upgrades[183]. - The company is actively pursuing partnerships with large enterprises like Baowu Group and Tongkun Group to expand into green energy and lithium extraction markets[89]. - The company is addressing macroeconomic and industrial policy risks by aligning its strategies with national policies and focusing on high-potential markets[181]. Human Resources and Talent Development - The company introduced 57 market-oriented talents and 7 high-level international talents to strengthen its human resources[74]. - The company emphasizes talent development and retention, implementing a long-term incentive mechanism and various reward policies to attract and retain skilled professionals[189]. - The company is focusing on cultivating a high-quality workforce by optimizing training programs and establishing a talent development blueprint[177]. Operational Efficiency and Management - The company is committed to enhancing its governance capabilities and achieving significant improvements in its economic indicators[10]. - The company is enhancing its financial management system, focusing on key indicators such as revenue conversion and project receivables[95]. - The company is focusing on optimizing its domestic market layout with a new marketing structure of "5+1+2" to enhance collaboration between technology and marketing[172]. - The company is enhancing project management efficiency through digital control capabilities and improving procurement strategies to mitigate cost fluctuations[188]. Awards and Recognition - In 2024, the company received over 40 awards for engineering and technology, including the First Prize for Scientific Progress from the China Petroleum and Chemical Industry Federation[51]. - The company has been recognized as a "National Technology Innovation Demonstration Enterprise" and a "National Intellectual Property Demonstration Enterprise," reflecting its commitment to innovation and quality[50].

东华工程科技股份有限公司的主营业务是为国内外工程项目建设提供咨询、设计、施工、总承包等全过 程、全产业链的综合服务,主要服务于石油化工工程、建筑工程、市政工程等领域,拥有石油化工、医 药、市政、建筑等十多个领域的设计、咨询及工程总承包甲级资质,具有对外工程总承包权和进出口自 营权。公司承建（包括设计、总承包等方式）的合成气制乙二醇装置产能累计近1000万吨/年，在乙二 醇工程领域占有较高的市场份额和具有明显的优势地位。 最新一期业绩显示，2024年三季报，公司实现营业收入64.35亿元，同比7.93%；净利润3.18亿元，同比 21.58%，销售毛利率8.09%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)44东华科技17.9317.931.7373.56亿行业平均 16.4315.911.18203.13亿行业中值19.8219.901.3958.48亿1浙江建投-3621.4623.531.4192.17亿2金埔园 林-292.0969.091.2914.66亿3成都路桥-100.80706.051.0731.72亿4苏文电能-50.7445.831.1735.93亿5旭杰科 技-35.55- ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [4]. Core Views - The company is positioned as a leading comprehensive engineering firm in the chemical construction sector, with a robust growth trajectory supported by a solid order backlog and strategic partnerships [1][4]. - The company aims to leverage its strengths in coal chemical engineering and international markets to enhance its growth potential [2][3]. Summary by Sections Company Overview - The company, originally established as the Third Design Institute of the Ministry of Chemical Industry, has evolved into a leading comprehensive engineering company in China, focusing on technology-driven growth [1][14]. - The major shareholders include China Chemical and Shanxi Coal Group, which provide significant business synergies [1][19]. Business Segments - The company has a strong foothold in chemical engineering, with extensive experience in various sectors, including petrochemicals and environmental management [23]. - The engineering business remains the core revenue and profit source, while the environmental sector is gradually increasing its contribution [27]. Financial Performance - The company has demonstrated steady revenue growth, with a projected CAGR of 14% for revenue and 20% for net profit from 2020 to 2024 [1][37]. - The company reported a significant increase in new orders, with a total of 222.85 billion yuan in new contracts for 2024, reflecting a 24% year-on-year growth [50]. Market Opportunities - The coal chemical industry in Xinjiang is expected to see significant investment, with over 700 billion yuan in proposed projects, providing substantial order opportunities for the company [2]. - The company is actively expanding its international presence, with overseas orders reaching 53 billion yuan in 2023, marking a 177% increase year-on-year [3]. Investment Outlook - The company is expected to benefit from a strong order backlog, with orders amounting to approximately 498 billion yuan, which is 5.6 times its projected revenue for 2024 [50]. - The financial forecasts indicate a net profit of 500 million yuan in 2025 and 651 million yuan in 2026, with corresponding EPS of 0.71 yuan and 0.92 yuan per share [4].

证券代码：002140 证券简称：东华科技 公告编号：2025-011 东华工程科技股份有限公司 关于 2019 年限制性股票激励计划 部分限制性股票回购注销完成的公告 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。 特别提示： 1.东华工程科技股份有限公司（以下简称"公司""东华科技"）本 次合计回购注销 2 名激励对象持有的 26,250 股已授予但尚未解除限售 的限制性股票，占回购注销前公司总股本 708,040,122 股的比例为 0.004%，回购价款共计 96,445.78 元，2 名激励对象均因组织安排调离 公司，回购价格为 3.23 元/股加上回购时中国人民银行公布的同期存款 基准利率（2.75%）计算的利息之和。 2.本次部分限制性股票回购注销事宜已于 2025 年 3 月 17 日在中国 证券登记结算有限责任公司深圳分公司办理完成。本次回购注销完成后， 公司总股本由 708,040,122 股变更为 708,013,872 股。 公司于 2024 年 12 月 12 日召开八届五次董事会、八届五次监事会 审议通过了《关于调整 2019 年限 ...

证券代码：002140 股票简称：东华科技 公告编号：2025-010 东华工程科技股份有限公司 关于控股股东化三院无偿划转股份 至中国化学事项进展的公告 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。 特别提示： 本次无偿划转股份事项已完成深圳证券交易所合规性确认，尚需在中国证券登 记结算有限责任公司深圳分公司办理过户登记程序。敬请广大投资者注意投资风险。 2023 年 12 月 4 日，中国化学与化三院签署《关于东华工程科技股 份有限公司之国有股份无偿划转协议》。详见本公司发布于 2023 年 12 月 6 日《证券时报》、巨潮资讯网上的东华科技 2023-087 号《关于控股 股东化三院无偿划转股份至中国化学事项进展暨签订无偿划转协议的 公告》。 2023 年 12 月 5 日，本次无偿划转信息披露义务人中国化学出具《收 购报告书》、化三院出具《简式权益变动报告书》。《收购报告书》及摘要、 《简式权益变动报告书》及中介机构北京海润天睿律师事务所出具的 《关于东华工程科技股份有限公司收购报告书之法律意见书》《关于中 1 国化学工程股份有限公司免于发出要约事 ...

Summary of Donghua Technology Conference Call Company Overview - **Company**: Donghua Technology - **Fiscal Year**: 2024 - **Total Revenue**: 8.862 billion CNY, a year-on-year increase of 17.25% [3][4] - **Net Profit**: 410 million CNY, a year-on-year increase of 19.28% [4] - **Net Profit (Excluding Non-Recurring Items)**: 379 million CNY, a year-on-year increase of approximately 39% [4] Key Financial Metrics - **Operating Profit**: 499 million CNY, a year-on-year increase of 21.91% [3] - **Total Assets and Net Assets**: Significant growth reported [3] - **New Orders**: Approximately 22 billion CNY, with total contract orders nearing 50 billion CNY [4][6] Core Insights and Arguments - **Revenue Growth Drivers**: Increased production operations, progress in EPC (Engineering, Procurement, and Construction) projects, and improved project management and cost control leading to higher gross margins [5][4] - **Order Composition**: New energy projects dominate new orders, while coal chemical projects represent a smaller share. Overseas contracts have seen significant growth, accounting for approximately 30% to 40% of total orders [4][28] - **Future Projections**: Expected growth in contract orders of 10% to 20% in 2025, with corresponding increases in revenue and net profit [4][18] - **Technical Advantages**: Strong technical capabilities in coal chemical projects, particularly in wastewater treatment, which constitutes about 20% to 30% of total investment in coal chemical projects [9][10] Industry Dynamics - **Coal Chemical Profit Margins**: Typically range from 8% to 20%, influenced by industry conditions and national policies [19] - **Impact of Oil Prices**: A decline in oil prices may increase demand for coal chemical products, depending on national policies and environmental requirements [21] - **Belt and Road Initiative**: The company is actively expanding its overseas operations in line with this initiative, with expectations for continued growth in international projects [4][28] Additional Important Insights - **Environmental Regulations**: Future coal chemical projects, especially in Xinjiang, will be subject to strict environmental policies and approval processes [32][33] - **Non-Chemical Business Strategy**: The company is diversifying into non-chemical sectors, including new energy and environmental protection, with a focus on sustainable growth [22][24] - **Equity Incentive Plans**: The company plans to implement new equity incentive programs, pending national policy and regulatory approvals [31] Conclusion Donghua Technology is positioned for growth in both domestic and international markets, leveraging its technical strengths in coal chemical projects and expanding into new energy sectors. The company anticipates continued revenue and profit growth, supported by a robust order pipeline and strategic initiatives aligned with national policies.

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、 股票交易异常波动的情况介绍 东华工程科技股份有限公司（证券名称：东华科技，证券代码： 002140；以下简称"东华科技""本公司""公司"）2025 年 2 月 28 日、3 月 3 日连续二个交易日股票收盘价格涨幅偏离值累计达到 20%以 上。根据深圳证券交易所的相关规定，上述偏离属于股票交易异常波动 的情况。 证券代码：002140 证券简称：东华科技 公告编号：2025-009 东华工程科技股份有限公司 股票交易异常波动公告 二、本公司关注并核实情况的说明 针对公司股票异常波动的情况，本公司董事会对公司、控股股东及 实际控制人就有关事项进行了核查，相关情况说明如下： 1.本公司前期所披露的信息，不存在需要更改、补充之处； 5.股票异常波动期间，本公司控股股东、实际控制人不存在买卖公 司股票的行为； 本公司董事会确认，公司目前没有任何根据《深圳证券交易所股票 上市规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹 划、商谈、意向、协议等；董事会也未获悉本公司有根据《深圳证券交 易所股票上市规则》 ...

Financial Performance - Total revenue for 2024 reached ¥8,862,222,844.58, an increase of 17.25% year-on-year[4] - Net profit attributable to shareholders was ¥410,250,060.43, reflecting a growth of 19.28% compared to the previous year[4] - Operating profit increased by 22.40% to ¥506,412,688.52[4] - Basic earnings per share for the period were ¥0.5814, up 18.90% year-on-year[4] - The weighted average return on equity improved to 9.81%, an increase of 0.87 percentage points[4] Assets and Equity - Total assets at the end of the reporting period amounted to ¥16,100,437,077.47, up 12.30% from the beginning of the period[4] - The company's net asset per share rose to ¥6.17, an increase of 8.25%[4] Revenue Drivers - The increase in revenue was primarily due to a rise in ongoing engineering orders and normal progress in total contracting projects[5] - The growth in net profit was attributed to overall revenue increase and enhanced project management leading to improved gross margin[5] Risk Management - There were no incidents of earnings leakage or stock price fluctuations reported[6]

Summary of Conference Call Company and Industry Overview - The company operates in the LNG market and has significant engineering capabilities, with a focus on projects related to LNG production and processing [1] - The overall order volume for the company is projected to reach approximately 22 billion in 2024, an increase from the previous target of 20 billion [2] - Domestic orders account for about 60% of the total, while international orders make up over 30% [2] - The company is focusing on sectors such as wastewater treatment, new energy (methanol), and new materials [2] Key Points and Arguments - The company expects a year-on-year growth of 10% to 20% in new signed orders [4] - The engineering market in Asia has a market share of around 70% for the company [5] - The company is actively expanding its international market presence, particularly in EPC projects [3] - The company has established long-term cooperative relationships with local enterprises in Xinjiang, which may provide a competitive advantage in future projects [7][8] Additional Important Information - The company anticipates significant growth in the cotton industry sector by 2025, with expected order volumes potentially reaching billions [6] - The company is involved in the development of new materials, including graphene, with a registered capital of approximately 60 million [17] - The company aims to maintain a dividend payout ratio of no less than 30% in accordance with regulatory requirements [21] - The company is committed to improving its operational performance and shareholder returns through various measures, including profit distribution and stock incentives [20]

证券代码：002140 股票简称：东华科技 公告编号：2025-007 东华工程科技股份有限公司 关于控股股东化三院无偿划转股份 至中国化学事项进展的公告 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。 特别提示： 本次无偿划转股份事项尚需通过深圳证券交易所的合规性确认，并需在中国证 券登记结算有限责任公司深圳分公司办理过户登记程序。敬请广大投资者注意投资 风险。 根据《上市公司收购管理办法》第五十五条的相关规定，收购人在 收购报告书公告后 30 日内仍未完成相关股份过户手续的，应当立即作 出公告，说明理由；在未完成相关股份过户期间，应当每隔 30 日公告 相关股份过户办理进展情况。 2023 年 11 月 21 日，东华工程科技股份有限公司（以下简称"东华 科技""本公司"）收到控股股东化学工业第三设计院有限公司（以下简 称"化三院"）的通知，根据国企改革三年行动、推进国有上市公司高质 量发展等工作要求，化三院拟采取无偿划转的方式，将其持有的本公司 333,318,144 股股份（占本公司总股本的 47.07%）转让至中国化学工程 股份有限公司（以下简称"中 ...