军信股份(301109) - 2024年10月29日投资者关系活动记录表

Financial Performance - The company achieved a revenue of 1.756 billion yuan in the first three quarters of 2024, representing a year-on-year increase of 27.74% [1] - The net profit attributable to shareholders was 407 million yuan, with a slight increase of 0.97% year-on-year [1] - Operating cash flow net amount reached 720 million yuan, showing a year-on-year growth of 8.7% [1] Waste Processing and Energy Generation - The company processed 2.4061 million tons of waste through incineration, 293,700 tons of sludge, and 623,200 tons of leachate [1] - The total electricity generated from waste incineration was 1.101 billion kWh, marking a 3.74% increase compared to the same period last year [1] - The average electricity generation per ton of waste was 457.53 kWh, which increased by 5.34% year-on-year [1] Strategic Developments - The company is actively pursuing the acquisition of 63% of Hunan Renhe Environmental Co., with the transaction approved by the regulatory authority [2] - The gross profit margin for the first three quarters of 2024 was 66.14%, up from 63.84% in the same period last year, primarily due to a 6.51% decrease in operating costs [2] - The company plans to expand its operations in solid waste treatment projects in regions such as Central Asia and Southeast Asia, focusing on sustainable profitability [3] Taxation and Financial Obligations - The income tax expense increased by 39.898 million yuan compared to the previous year, attributed to a reduction in tax incentives and the expiration of preferential tax policies [3] - The company will begin to pay corporate income tax at a reduced rate of 12.5% starting in 2024 [3] Core Competencies - The company benefits from scale advantages, with its projects in Changsha capable of processing 10,000 tons of waste daily, making it one of the largest single projects in the country [3] - The integration of advanced equipment and technology enhances operational efficiency and reduces costs, contributing to the company's competitive edge [3] - The company has received national recognition for its projects, including awards for construction excellence [3]