中钢国际二季度新签合同23.29亿 推进国际化战略海外订单占八成

Core Viewpoint - China Steel International (中钢国际) continues to demonstrate strong performance in securing new contracts and expanding its international presence, particularly in the metallurgical engineering sector, despite challenges in the domestic steel industry. Group 1: New Contracts and Financial Performance - In Q2 2025, the company signed 31 new project contracts with a total value of 2.329 billion yuan, including 1.77 billion yuan from domestic projects and 1.952 billion yuan from international projects [1][2] - As of June 2025, the company has a total of 298 signed but uncompleted orders amounting to 38.926 billion yuan, with 26.866 billion yuan currently in execution [2] - The company reported a total revenue of 17.647 billion yuan for 2024, a decrease of 33.1% year-on-year, while net profit attributable to shareholders was 0.835 billion yuan, an increase of 9.69% [4][5] Group 2: International Expansion and Strategy - China Steel International has established 15 overseas branches and operates in over 50 countries, showcasing its commitment to internationalization [1][4] - In 2024, the company achieved a total contract value of 19.67 billion yuan for new engineering projects, with overseas orders accounting for 82.7%, reflecting a year-on-year growth of 54.17% [1][4] - The company aims to maintain its international strategy focus in 2025, particularly targeting markets in the Middle East and Africa [4] Group 3: Operational Efficiency and Innovations - The company has implemented project lifecycle supervision to ensure stable execution of ongoing projects, with notable progress in projects like the Simfer and Tosyali projects [2] - Technological innovations and refined project management have helped the company solidify its market position amid domestic industry transformation pressures [3] - The company has improved its cash flow management, with a net cash flow from operating activities of 1.504 billion yuan in 2024, an increase of 9.95% [4][6]