夏丽坤表示，2024年，云南省属企业实施传统产业转型升级，企业"三化"转型投入63.93亿元、获389项 成果，大规模设备更新改造投入16.76亿元。全年研发经费投入92.1亿元，研发强度1.38%，新增6个省 级研发平台与创新联合体。 （文章来源：中国新闻网） 中新网昆明7月22日电(罗文青)"2024年，云南省属企业光伏风电、贵金属、新材料等战略性新兴产业营 业收入占比12.65%，新增风电光伏197万千瓦；全年绿色环保治理投入累计超29亿元，新增3户省属企 业荣获国家级'绿色工厂'称号。"7月21日，云南省人民政府国有资产监督管理委员会副主任夏丽坤如是 说。 云南煤化工集团有限公司总经理高建嵩介绍，在"双碳"目标引领下，公司全力冲刺"风光储"赛道，全年 投产新能源装机95万千瓦，开工187万千瓦，新增资源储备512万千瓦。老挝甘蒙光伏项目实现境外新能 源"零突破"。化工企业采用先进的SCR脱硝等新技术，实现废气100%达标排放。(完) 当日，云南省属企业2025年履行社会责任促进可持续发展系列新闻发布会(第一场)在昆明举行。夏丽坤 在发布会上介绍，2024年，云南21户省属企业资产总额达3.37万亿元， ...

Investment Rating - The report adjusts the investment rating to "Accumulate" [4][6] Core Views - The company is expected to face short-term pressure on revenue and profit, with a projected revenue of 11.24 billion in 2024, down 13.49% year-on-year, and a net profit of 190 million, down 41.64% year-on-year [1][5] - The engineering contracting business is growing rapidly, with a revenue increase of 47.80% in 2024, driven by a dual-engine development strategy focusing on "EPC contracting + No. 1 project" and expansion into overseas markets [2][3] - The company is actively expanding its photovoltaic operations, including a significant project in Xiaoshan, which is expected to enhance its profitability and market presence in the renewable energy sector [4][5] Financial Performance Summary - In Q1 2024, the company reported a revenue of 2.437 billion, a decrease of 18.94% year-on-year, and a net profit of 47 million, down 47.44% year-on-year [1] - The overall cash flow remains strong, with a cash flow from operations (CFO) of 1.088 billion in 2024, an increase of 2.682 billion year-on-year, attributed to good collections from engineering and overseas businesses [3] - The company’s comprehensive gross margin for 2024 is projected at 10.3%, a decrease of 0.95 percentage points year-on-year, while the gross margin for Q4 2024 is expected to be 19.82%, an increase of 7.81 percentage points year-on-year [2][3]