SCG(SH:600170) Shang Hai Zheng Quan Bao·2025-04-30 02:29Core Viewpoint - The company reported a decline in key performance indicators due to a slowdown in construction bidding and execution, impacting overall profitability [6]. Financial Data - The company did not conduct an audit for the first quarter financial report [3]. - The total new contracts signed in the first quarter amounted to 645.48 billion yuan, with nine major projects exceeding 5 billion yuan, totaling 68.38 billion yuan [6]. - The company sold 11,676 ounces of gold, generating revenue of 224 million yuan, representing an 8% year-on-year increase [6]. Business Performance - The construction bidding volume decreased, and the execution of orders slowed down, leading to pressure on new contracts, construction output, and revenue [6]. - The company focused on expanding its market presence in the Yangtze River Delta, achieving a 9% year-on-year increase in new contracts in this region (excluding Shanghai) [6]. - The company aims to enhance management efficiency and risk prevention measures to improve conversion rates from orders to revenue [6].