Core Insights - The company has signed new orders in 2024, with a growth of 9.2%, and cold chain logistics new orders increased by 10.3% [1][4] - The company is a key beneficiary of the rapid growth in China's cold chain logistics industry, deeply serving the modern industrial chain of grain supply security for COFCO Group [5] Financial Performance - The company expects a 7.3% increase in net profit attributable to shareholders in 2024, with operating cash flow growing by 18.7% [2] - Revenue for 2024 is projected to be 2.65 billion yuan, an increase of 9.8%, with a quarterly breakdown showing significant growth in Q4 [2][3] - The gross profit margin for 2024 is estimated at 25.5%, with a slight increase of 0.75 percentage points [3] Order and Contract Details - New contracts signed in 2024 totaled 3.87 billion yuan, reflecting a 9.2% increase compared to the previous year [4] - The breakdown of new contracts includes design consulting at 820 million yuan (up 8.7%), electromechanical engineering system delivery at 2.52 billion yuan (up 19.8%), and equipment manufacturing at 470 million yuan (down 28.0%) [4] Industry Positioning - The company is accelerating its integration into COFCO Group's industrial ecosystem, focusing on high-quality development in core businesses [5] - The company is advancing in the cold chain logistics engineering design field, leading in technology and extending its business into related segments [5] Dividend Policy - The company's annual report proposes a dividend distribution of 0.15 yuan per share, maintaining a payout ratio of 32.9% for the current year [5]
中粮科工(301058)：深度服务粮食供应安全现代产业链 冷链物流技术领先