CRCHI(SH:688425)2024-05-17 09:38Group 1: Financial Performance - In Q1 2024, the company signed new contracts worth 3.409 billion CNY, a year-on-year increase of 1.39% [2] - The operating revenue for Q1 2024 reached 2.395 billion CNY, reflecting a year-on-year growth of 1.25% [2] - The net profit attributable to shareholders was 369 million CNY, with net cash flow from operating activities amounting to 199 million CNY [2] Group 2: Overseas Market Development - In Q1 2024, the company achieved new overseas contracts totaling 516 million CNY, marking a year-on-year growth of 9.30% [2] - The company has established 10 overseas regional offices, covering 184 countries and regions [2] - The future strategy emphasizes "overseas first" to enhance local operations and service capabilities [2] Group 3: Research and Development - R&D expenses for 2023 totaled 881 million CNY, with a cumulative investment of 2.487 billion CNY over three years [2] - In Q1 2024, R&D expenses were 238 million CNY, positioning the company at a high level within the industry [2] - Significant technological advancements include the development of the "Jinghua" shield machine and the world's largest vertical shaft tunneling machine, "Dream No. 1" [2][3] Group 4: Market Opportunities - In 2023, new contracts for tunnel boring machines in the mining sector reached 802 million CNY, a year-on-year increase of 77% [3] - The investment growth in the mining sector exceeded 10% across various industries, with non-ferrous metal mining seeing a substantial increase of 42.7% [3] - The company anticipates continued demand for tunnel boring machines in water conservancy projects, with new contracts in this area reaching 1.899 billion CNY, a 148% increase [3] Group 5: Investor Relations and Returns - The company plans to distribute a cash dividend of 0.90 CNY per share for the 2023 fiscal year, totaling 480 million CNY, which represents 30.12% of the net profit attributable to shareholders [4] - Cumulative cash dividends since listing are expected to reach 1.557 billion CNY, with annual payout ratios consistently exceeding initial commitments [4] - The company emphasizes effective communication with investors and proactive management of investor relations [4]