证券代码：002051 证券简称：中工国际 问题 2：请具体介绍公司上半年新项目开发情况，有哪些亮点？ 回答：公司新签合同额合计 21.39 亿美元，同比增长 33%；其中国际工程承 包业务新签合同额累计 11.26 亿美元，生效合同额 9.73 亿美元，同比增长 36.66%， 良好的项目储备为公司未来可持续发展筑牢根基。 中工国际工程股份有限公司投资者关系活动记录表 编号：2025-007 | 投资者关系活动类别 | □特定对象调研 □分析师会议 | | | | | | --- | --- | --- | --- | --- | --- | | | □媒体采访 | | | | □业绩说明会 | | | □新闻发布会 □路演活动 | | | | | | | □现场参观 | | | | | | | □√ 其他（电话会议交流） | | | | | | 参与单位名称 | 长江证券股份有限公司、天弘基金管理有限公司、同泰基金管 | | | | | | | 理有限公司、杭州俊腾私募基金管理有限公司、上海灏象资产 | | | | | | | 管理有限公司、禾永投资管理(北京)有限公司、中国银河证券 | | | | | ...

Summary of the Conference Call for China International Industry and Company Overview - The conference call pertains to China International, a company engaged in engineering contracting, design consulting, and equipment manufacturing, with a focus on both domestic and international markets [2][3][4]. Key Points and Arguments Financial Performance - In the first half of 2025, China International reported revenue of 4.788 billion yuan, with a net profit attributable to shareholders of 177 million yuan, reflecting a year-on-year decline [3][10]. - The operating cash flow significantly improved to 797 million yuan, a substantial increase compared to the previous year's negative cash flow of 800 million yuan [3][14]. - The overall gross margin increased to 18.6%, attributed to refined operations and a focus on advantageous sectors [10][14]. Contractual Developments - New contract value for the first half of 2025 reached 2.139 billion USD, marking a 33% year-on-year increase [2][3]. - In the international engineering contracting sector, new contracts amounted to 126 million USD, with effective contracts growing by 36.66% to 973 million USD [4]. - Domestic engineering contracting saw new contracts of 2.275 billion yuan, while design consulting contracts totaled 947 million yuan [5]. Equipment Manufacturing Highlights - The equipment manufacturing segment expanded, with the cableway business entering the Japanese market and securing quality projects [6][15]. - The company is focusing on intelligent technology in the lifting and transportation sector, signing contracts for waste steel automation projects [6][15]. Engineering Investment and Operations - The company achieved breakthroughs in engineering investment and operations, signing a 475 million USD contract for waste-to-energy projects in Uzbekistan [7][8]. - The revenue from engineering investment and operations increased to 1.5% of total revenue, indicating a growing contribution from this segment [8][30]. Technological Innovation - China International established an innovation alliance within its research institutes, enhancing its technological capabilities [9]. - The company received multiple approvals for its cableway technology, which will support future development [9]. Future Outlook - The company anticipates a year-on-year increase in new contracts for the full year, despite facing some pressure on overall performance due to previous high revenue bases from completed projects [10][17]. - The outlook for gross margin remains positive, contingent on the successful execution of major projects and continued refined operations [10]. Additional Important Insights - The company is strategically focusing on high-demand markets, including Southeast Asia, Africa, and Latin America, while also monitoring opportunities in the Russian and Ukrainian markets [19][20]. - China International is cautious about overseas project funding risks, ensuring that projects are politically stable and financially viable before engagement [28]. - The company has not engaged in PPP projects but operates BOT projects, which have shown stable returns [29][30]. This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic direction, and market positioning.