编号：2025-003 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 活动参与人员 | 岗 华创证券 马金龙、刘 | | | 银河证券阎予露 | | | 中信证券云小虎 | | | 涛 深圳市前海国金资产管理有限公司王 | | | 国泽基金刘继勇 | | | 华新金控资产管理有限公司陈泓西 | | | 中财融商资本管理有限公司王文华 | | | 中乾景隆股权投资基金管理有限公司蒙钟书 | | | 金泰资本 张丽红 | | | 上市公司接待人员： | | | 董事会秘书 朱国祥 | | | 证券事务代表 赵旸 | | 时间 | 2025 年 5 月 19 日 | | 地点 | 中色股份 层会议室 16 | | 形式 | 线下交流 | | | 参观公司展厅，介绍公司基本情况。 1. | | | 中色股份成立于 1983 年，于 1997 年在深交所上市。经过四 | | | 十余年的持续探索，公司从单一的对外工程承包企业逐 ...

Group 1 - The company reported a revenue of 8.918 billion yuan and a net profit of 402 million yuan for 2024, reflecting a year-on-year growth of 12.03% [1] - The international engineering contracting business achieved a revenue of 4.301 billion yuan, with a year-on-year growth of 7.39%, and new contract value reached 16.488 billion yuan, up 103.71% [1] - The company has a robust project reserve with 33 ongoing projects and a total contract value of 59.6 billion yuan, representing a year-on-year increase of 7.64% [1] Group 2 - The non-ferrous metal business generated a revenue of 4.291 billion yuan, with lead-zinc concentrate production at 69,300 tons and a gross margin of 65.12% [2] - In Q1 2025, the company achieved a revenue of 2.457 billion yuan and a net profit of 248 million yuan, indicating a strong start to the year [2] - The company plans to expand resource reserves through mergers and acquisitions, focusing on domestic and international resource development bases [2] Group 3 - The company has a strong contract reserve in its engineering business, which will support future growth [3] - The company aims to enhance project undertaking capabilities by focusing on advanced engineering technology and innovative contracting models [3] - The company has integrated value management into its strategic planning and aims to improve investor relations and share growth dividends with investors [3]

Financial Performance - In 2024, the company achieved a revenue of 89.18 billion CNY, with a net profit attributable to the parent company of 4.02 billion CNY, representing a year-on-year growth of 12.03% [2] - The revenue composition by industry shows that non-ferrous metal resource development accounts for 48.11%, international engineering contracting 48.23%, equipment manufacturing 2.34%, and other businesses 1.32% [2] - The geographical revenue distribution indicates that domestic business accounts for 49.10% while overseas business accounts for 50.90% [2] Contract and Project Development - In 2024, the company signed new contracts worth 164.88 billion CNY, marking a significant year-on-year increase of 103.71% [6] - The company aims to enhance its resource base through acquisitions and strategic partnerships, focusing on large-scale resource projects with a service life of over 15 years [3] Industry Trends and Opportunities - The non-ferrous metal industry is transitioning from rapid growth to high-quality development, emphasizing new technology development and resource optimization [4] - The demand for new materials in sectors such as renewable energy and aerospace is increasing, indicating a rapid growth period for non-ferrous metal new materials [4] Market and Value Management - The company prioritizes market value management, emphasizing value creation and technological innovation, while actively engaging with investors [5] - A profit distribution plan for 2024 has been established to share growth dividends with investors [5] Competitive Advantages - The company has over 40 years of experience in international engineering contracting and nearly 20 years in non-ferrous resource development, establishing strong competitive advantages [7] - It possesses a comprehensive coverage of the entire industry chain, from exploration to operation services [7] - The company is recognized as a leading brand in the international engineering and non-ferrous metal sectors, with significant projects in over 20 countries along the "Belt and Road" initiative [7]