CJJG(SH:600496) Zhong Guo Jing Ying Bao·2025-10-24 15:42Core Viewpoint - Jinggong Steel Structure has signed a subcontract for the Qiddiya Cultural and Arts Center project in Saudi Arabia, valued at 650 million Saudi Riyals, approximately 1.23 billion RMB, marking a significant breakthrough in the Middle East market for the company [2] Group 1: Project and Financial Performance - The Qiddiya project is expected to become an important cultural landmark in Saudi Arabia and positively impact the company's future performance [2] - From January to September, the company signed 533 new contracts with a total value of 17.98 billion RMB, a year-on-year increase of 4.8% [2] - Steel structure sales reached 1.18 million tons, reflecting a year-on-year growth of 34.6% [2] Group 2: Overseas Business Growth - The company reported new overseas orders worth 5 billion RMB from January to September, a significant year-on-year increase of 87.3% [2] - Cumulative new orders for overseas business have already surpassed the total expected for the entire year of 2024 [2] - The overseas market serves as a crucial extension of the domestic market, helping to mitigate the impact of intense competition in the domestic construction sector while ensuring profitability and payment conditions for orders [2] Group 3: Financial Results - For the first half of the year, the company achieved operating revenue of 9.911 billion RMB, a year-on-year increase of 29.48% [2] - The net profit attributable to shareholders reached 350 million RMB, up 28.06% year-on-year [2] - The net profit excluding non-recurring items was 302 million RMB, reflecting a year-on-year growth of 22.75% [2]