China Energy Engineering (3996) Q4 2024 earnings summary

Executive summary

• Operating revenue reached RMB436.713 billion, up 7.56% year-over-year, with net profit attributable to shareholders at RMB8.396 billion, up 5.13%.

• Newly signed contracts totaled RMB1.41 trillion, up 9.75% year-over-year, and total profit rose 7.97% to RMB15.128 billion.

• Strategic emerging industries contributed 38.8% of revenue, and international contracts grew 14.5% year-over-year.

• The company maintained a strong position in both traditional and new energy sectors, with significant progress in green transformation and digitalization.

• Board proposes a final dividend of RMB0.262 per 10 shares, with total 2024 dividends at RMB1.613 billion, 20% of net profit.

Financial highlights

• Operating income: RMB436.713 billion (+7.56% year-over-year).

• Net profit attributable to shareholders: RMB8.396 billion (+5.13% year-over-year).

• Basic and diluted EPS: RMB0.19 (+5.56% year-over-year).

• Net cash flows from operating activities: RMB11.03 billion (+16.25% year-over-year).

• Gross profit: RMB54.182 billion (+5.6% year-over-year); gross margin stable at 12.41%.

• Total assets: RMB869.0 billion; total liabilities: RMB663.2 billion; equity: RMB205.8 billion.

Outlook and guidance

• 2025 contract value target: RMB1.5 trillion; planned revenue: RMB458.5 billion; planned investment: RMB135.4 billion.

• Focus on accelerating new energy, digital, and integrated infrastructure, with continued international expansion.

• Strategic emphasis on green transformation, digital intelligence, and high-quality development.