Anhui Gourgen(SH:603815) Zhong Guo Jing Ying Bao·2025-05-19 21:36Core Viewpoint - Anhui Transportation Construction Co., Ltd. (交建股份) reported a slight increase in revenue for Q1 2025, indicating a potential recovery from the significant declines experienced in 2024 [2][3]. Financial Performance - In Q1 2025, the company achieved a revenue of 789 million yuan, a year-on-year increase of 1.55%, while the net profit attributable to shareholders, excluding non-recurring gains and losses, was 33 million yuan, a decrease of 1.05% [2]. - For the full year 2024, the company reported a revenue of 4.173 billion yuan, a decline of 13.30%, and a net profit of 127 million yuan, down 28.12% compared to the previous year [2]. Market Conditions and Challenges - The decline in 2024 was attributed to changes in market conditions and intensified industry competition, leading to delays in project commencement and lower output conversion rates [2]. - In 2024, the company's revenue from Anhui province was 3.194 billion yuan, down 17.48%, while revenue from outside Anhui was 887 million yuan, an increase of 6.88% [3]. Future Outlook - The company plans to leverage policy opportunities and enhance market expansion efforts in 2025, focusing on both Anhui and external markets, particularly in East China, South China, and Northwest regions [3]. - The Anhui provincial government has initiated a comprehensive transportation enhancement plan, with over 400 projects totaling approximately 750 billion yuan in investment, indicating strong future demand for transportation infrastructure [3]. Company Background - Established in 1969, the company primarily engages in road and municipal infrastructure construction, including engineering, surveying, design, and testing services [4].