中材国际：2025年新签合同额712.35亿元，同比增12%

Core Viewpoint - The company reported a year-on-year increase in new contract amounts for 2025, indicating growth in its business operations and market presence [1] Summary by Category New Contracts - In Q4 2025, the company signed new contracts worth 11.353 billion yuan, a 7% increase year-on-year [1] - The total new contract amount for the year reached 71.235 billion yuan, reflecting a 12% year-on-year growth [1] Product Segmentation - The new contract amounts by product for the year were as follows: - Engineering technical services: 42.710 billion yuan, up 15% year-on-year [1] - High-end equipment manufacturing: 9.304 billion yuan, up 30% year-on-year [1] - Production operation services: 17.011 billion yuan, down 2% year-on-year [1] Regional Performance - New contract amounts by region for the year were: - Domestic: 26.211 billion yuan, down 4% year-on-year [1] - Overseas: 45.024 billion yuan, up 24% year-on-year [1] Unfinished Contracts - As of the end of the reporting period, the amount of unfinished contracts stood at 66.455 billion yuan, a decrease of 0.6% from the previous period but an increase of 11.28% year-on-year [1] Project Financing - The financing for the Zambia project, which involves a production line with a capacity of 5,000 tons of clinker, remains unexecuted [1]