CGE(SZ:002542)2025-05-14 11:14Group 1: Technological Advancements - In 2024, the company achieved breakthroughs in geotechnical engineering technology, including the development of small-diameter four-axis mixing pile foundation treatment technology and ultra-thin, ultra-deep seepage prevention wall construction technology [3][4] - The "CGE series dynamic compaction machine remote monitoring and control system" is in progress, with initial success in remote data monitoring for projects in remote areas [3][4] Group 2: Financial Performance - The company's revenue in 2024 saw a year-on-year decline, primarily due to decreased new orders and lower contract prices, resulting in reduced income [4][5] - Future improvement measures include focusing on core business development, optimizing project costs, and enhancing operational efficiency [4][5] Group 3: Business Structure Adjustments - The company plans to divest its municipal engineering business to resolve competition issues with its controlling shareholder, Chengdu Xingcheng Investment Group [5][6] - The asset swap will involve exchanging municipal engineering assets for high-quality non-municipal engineering assets from Xingcheng Group, which will take time [5][6] Group 4: Market Expansion and Management - The company is actively expanding its overseas projects, particularly in the Middle East, Africa, and South Asia [5][6] - A special task force for market value management was established in 2025 to enhance shareholder returns and optimize corporate governance [6][7] Group 5: Cost Control Measures - Key measures for controlling operational expenses include establishing a budget and approval linkage mechanism, implementing a composite salary system for sales personnel, and optimizing funding management [6][7] - The company aims to improve funding efficiency and reduce financing costs through various financing channels [7] Group 6: Future Development Strategy - The company plans to focus on engineering construction and low-altitude economy sectors while expanding into environmental projects over the next three years [7]