Pay close attention to market development, reduce cost and increase efficiency Citic Heavy Industries Co.Ltd(601608) deduct 68% of non net profit in the first quarter

On April 25, Citic Heavy Industries Co.Ltd(601608) disclosed the report for the first quarter of 2022, with an operating revenue of about 2.166 billion yuan, a year-on-year increase of 14.88%; The net profit attributable to the shareholders of the listed company was about 78.147 million yuan, a year-on-year increase of 23.48%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was about 41.601 million yuan, a year-on-year increase of 67.91%.

Citic Heavy Industries Co.Ltd(601608) said that during the reporting period, the company focused on the two key tasks of “market development, cost reduction and efficiency increase”. The company’s offshore wind power, special materials, manufacturing services and other businesses increased year-on-year; The company has strengthened refined management, implemented cost reduction and cost control in the whole process, and steadily improved the operation efficiency and benefits of the company.

In 2021, the company achieved an operating revenue of 7.55 billion yuan, a year-on-year increase of 19.5%; The total profit was 243 million yuan, a year-on-year increase of 15.17%; The net profit attributable to shareholders of listed companies was 227 million yuan, a year-on-year increase of 16.13%; The net cash flow from operating activities was 682 million yuan. The company’s high-quality development has made new progress and achievements, which further demonstrates the development toughness, innovation vitality, industrial potential energy and brand value of the enterprise, and realizes the high-quality development of Party construction and operation.

It is understood that Citic Heavy Industries Co.Ltd(601608) “the 14th five year plan” has been fully implemented, and the “five major projects” have achieved phased results.

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