PD CONSTRUCTION(SH:600284)2024-09-18 09:08Group 1: Company Overview and Financial Performance - Shanghai Pudong Construction Co., Ltd. reported a revenue of 0 yuan and a net profit of 543,800 yuan for the year 2023 from Shanghai Puxing Investment Development Co., Ltd. [2] - As of the end of 2023, the company’s accounts receivable amounted to 441.76% of the net profit attributable to the parent company [5]. - In the first half of 2024, the company achieved a stable growth in its main construction business, with work volume exceeding the same period last year [4]. Group 2: Strategic Development and Future Plans - The company aims to build a "technology-driven full-industry chain infrastructure investment operator" and enhance its core competitiveness through technology and finance [3]. - Future strategies include improving the technology system, exploring innovative financing methods, and enhancing digital technology capabilities [3]. - The company plans to focus on major projects in the Pudong New Area, including public welfare projects and infrastructure upgrades [4]. Group 3: Investor Relations and Market Confidence - The company emphasizes the importance of investor relations management and plans to enhance communication through various channels, including shareholder meetings and performance briefings [5]. - There are currently no plans for share buybacks, but the company is committed to maintaining a stable cash dividend ratio to create long-term value for shareholders [4]. - The management acknowledges the recent decline in stock price and is focused on improving operational performance to align with investor expectations [4]. Group 4: Project Management and Accounts Receivable - The company has implemented measures to strengthen accounts receivable management, including project risk assessment and diversified collection strategies [5]. - As of the report date, the company has signed contracts worth 10.254 billion yuan for new major projects, which are expected to support annual performance [5]. - The company is actively managing its accounts receivable to improve cash flow efficiency and reduce bad debt risks [5].