LJRB(SH:600853)2024-04-30 07:37Group 1: Company Overview and Strategic Goals - The company aims to become a leading comprehensive service provider in infrastructure construction, with a total goal of achieving a market value of 100 billion [3] - The strategic plan includes enhancing production operations and capital operations integration to drive growth [3] - The company focuses on three major business units: transportation infrastructure, municipal public infrastructure, and diversified related businesses [3] Group 2: Market Development and Investment Focus - The company will closely follow national policies and focus on key areas such as food security, ecological environment, social projects, and energy security [4] - Key investment areas include rural road construction, high-standard farmland development, and public infrastructure projects [4][6] - The company plans to participate in significant projects related to ecological protection and urban infrastructure [6][7] Group 3: Financial Performance and Market Trends - In Q1 2024, the company experienced a 23% decrease in domestic construction project bids due to tightened national policies and increased competition [5] - The gross profit margin in the province increased by 1.2 percentage points in 2023, while the margin outside the province decreased by 1.1 percentage points [11] - The company anticipates stable growth in the construction sector in Heilongjiang province, driven by new infrastructure projects [6] Group 4: International Expansion and Regional Focus - The company reported a 15% year-on-year increase in overseas construction project bids, focusing on regions such as East Africa, West Africa, and Central Asia [9][10] - Key international projects include water conservancy and agricultural projects in Kenya, as well as road and bridge projects in Guinea-Bissau [10] - The company aims to leverage its strengths in overseas markets to enhance its global presence and brand reputation [9] Group 5: Technological Innovation and R&D - In 2023, the company invested 560 million in R&D, focusing on smart construction technologies and green building practices [11][12] - Research areas include high-performance materials for roads, tunnel structure optimization, and recycling of construction materials [12] - The company is committed to promoting low-carbon and ecological protection technologies in line with national green development goals [12]