Last year's net income increased by over 10% year-on-year. XCMG Construction Machinery: This year, there will be an increased focus on mining machinery and other XINXINGCHANYE.| Earnings Reports Summary.

In 2024, XCMG Construction Machinery's revenue is expected to decrease by 1.28% year-on-year, while the net income attributable to the parent company is expected to increase by 12.2%; This year, the company will focus on developing new industries such as mining machinery; The company's Operation plan shows that in 2025, the company anticipates a revenue growth of over 10% year-on-year.

cls.cnApr 28 23:47

Will the Steel Industry reduce production? Baoshan Iron & Steel: Most likely event. The group will focus on supporting the joint-stock company | Coverage of the Earnings Conference.

① There are rumors in the Steel market that production will be restricted by 50 million tons, and the company responded that this restriction is highly probable, but the company is confident in handling it, and the group will provide supportive measures regarding production capacity. ② Regarding Baoshan Iron & Steel's investment in Maanshan Steel, the company stated plans to develop Maanshan into a core product base for the third-generation Global Strategy, where Maanshan will play an important role in the strategy of high-quality long products.

cls.cnApr 28 21:48

Shanghai Electric Group's Q1 Net income surged by 145.7%, with an increase in gross profit margin from core Business | Earnings Reports insights.

In the first quarter, Shanghai Electric Group's performance showed a significant recovery, with operating income increasing by 8.06% year-on-year, and net income increasing sharply by 145.69%. The net income excluding non-recurring items turned a loss into a profit. This improvement in performance is mainly attributed to the steady development of the company's core business, with an increase in core business revenue and gross profit during the reporting period compared to the same period last year.

wallstreetcnApr 28 21:48

In Q1, China State Construction Engineering Corporation saw a slight increase in revenue and profit, with Overseas contracts growing by 1.5 times | Earnings Reports insights.

During the reporting period, the company's revenue increased by 1.1% year-on-year, and profit grew by 0.4% year-on-year. The Order structure has been significantly optimized, with outstanding performance in the Infrastructure Business, where the amount of new contracts signed increased by 40.0% year-on-year. The Overseas Business performed remarkably, with a new contract amount of 67.4 billion yuan, a year-on-year increase of 1.5 times, and the Strategic XINXINGCHANYE has also become a new growth point.

wallstreetcnApr 28 21:06

In Q1, Tsingtao Brewery's net income increased by 7.08% year-on-year, with the main brand's sales steadily growing by 4.1%.

Tsingtao Brewery's profitability steadily improved in Q1. Revenue grew by 2.91% year-on-year, and net income increased by 7.08% year-on-year. The main brand, Tsingtao Brewery, saw a steady sales growth of 4.1%, with online sales reaching a record high. On the 28th, Tsingtao Brewery announced its first-quarter performance: Revenue: 10.45 billion yuan, an increase of 2.9% year-on-year. Net income: The net income attributable to shareholders of the listed company reached 1.71 billion yuan, an increase of 7.08% year-on-year. EPS: 1.254 yuan, compared to 1.172 yuan for the same period last year, a growth of 6.72%. Sales steadily increased, and structural optimization showed significant results as revealed in the earnings reports.

wallstreetcnApr 28 20:26

Sinopec's Q1 revenue decreased by 6.9% year-on-year, while net profit attributable to shareholders plummeted by 27.6% | Earnings Reports Insights.

Under the dual pressure of falling international oil prices and weak downstream demand, the profitability of the group's refining Sector has significantly narrowed, and the chemical Sector recorded a loss of 1.321 billion yuan in Q1. Exploration and development remain Sinopec's "ballast", achieving an EBITDA of 13.631 billion yuan, but this profit has also declined compared to the past few quarters.

wallstreetcnApr 28 20:08