CITIC Heavy Industries: Holding an earnings briefing on March 27, investors are invited to participate

Securities Star News: On March 30, 2026, CITIC Heavy Industries (601608) released an announcement stating that the company held a performance briefing session on March 27, 2026.

The specific contents are as follows:

Q: On March 27, 2026, the company held the “2025 Annual Performance Briefing” at the Shanghai Securities News (SSE) Roadshow Center in the form of a picture-and-text presentation + online text-interactive Q&A. The details are as follows:

A: On March 27, 2026, the company held the “2025 Annual Performance Briefing” at the Shanghai Securities News (SSE) Roadshow Center in the form of a picture-and-text presentation + online text-interactive Q&A. The details are as follows

I. How was the company’s overall operating performance in 2025? Could you summarize this year’s performance highlights with a few key indicators?

Dear investors, hello! 2025 was the final year of the company’s in-depth implementation of the “14th Five-Year Plan” development strategy. In the face of a complex external environment, the company focused on overcoming difficulties and tackling the full-year target tasks, with operating quality improving steadily. During the reporting period, the company achieved operating revenue of 8.107 billion yuan, up 0.91% year over year; total profit of 403 million yuan, up 27.15% year over year; net profit attributable to shareholders of listed companies of 375 million yuan, up 0.24% year over year; non-recurring profit and loss excluding net profit attributable to mother of 407 million yuan, up 2.36% year over year. The efficiency and quality of main business operations continued to improve; net cash flow from operating activities was 850 million yuan, up 4.14% year over year. The cash return ratio continued to remain greater than 1, achieving “profits supported by cash flow.” The financial structure continued to be optimized. Interest-bearing liabilities achieved a “five consecutive declines,” falling from 5.472 billion yuan in 2020 to 1.993 billion yuan, with a more optimized asset-liability structure. The R&D investment proportion continued to stay at around 7%, promoting deep integration of technological innovation and industrial innovation, laying a solid foundation for developing new-quality productive forces. Thank you for your attention to the company.

II. What are the company’s operating objectives for this year?

Dear investors, hello! 2026 is the first year to get started for the company’s “15th Five-Year Plan” and also the foundational year for building on a new platform and opening up a new pattern. The company will take high-quality development as the theme, use further comprehensive deepening of reform as the driving force, and, under the guiding principles of “building new capabilities, strengthening new advantages, shaping new characteristics with a soul, and crossing into a new stage,” firmly win the five “campaigns”: the traditional industry upgrading battle, the battle to scale up the second growth curve, the new emerging industry breakthrough battle, the battle for efficiency leapfrogging capability, and the battle for integrated industrial development. The company will continue to deepen lean management of continuous operation for discrete-type manufacturing, and push forward in depth the business model of “platform-based construction and ecosystem-based development,” comprehensively improve the development quality of listed companies, and create sustainable development value for shareholders, employees, and society. Thank you for your attention to the company.

III. Could you please share your company’s energy storage business development status, the orders currently in hand, and the plans for the company’s future energy storage business development?

Dear investors, hello! The company has always actively implemented the national dual-carbon strategy and has continued to develop the new energy equipment industry in depth. In 2025, it delivered in batch the jacket structures for the Qingzhou Wuqihai offshore wind power projects. For the first time, it successfully applied high-toughness and anti-fatigue marine engineering steel to the manufacturing of offshore wind power jacket structures, successfully opening up the sub-segment market for vertical-axis wind turbines. The company independently developed and designed multiple vertical-axis wind turbine products, such as 10kW, 20kW, and 30kW. During the “15th Five-Year Plan” period, the company will seize opportunities in deep-water distant and “Shagehuang” new energy, expand the industrialized applications of core technologies and equipment in new energy fields such as vertical-axis wind turbines, develop differentiated technological competitiveness, and promote a new landscape for the development of the new energy equipment industry. Thank you for your attention to the company.

IV. In terms of the company’s internationalization strategy, what specific plans does it have in the future?

Dear investors, hello! Through strategic layout and sustained focus, the company has built an internationalization layout with four major functions: global R&D, marketing, production, and services, forming global service areas covering complete sets, main units, spare parts, and services. The company has set up multiple overseas institutions in countries along the Belt and Road, and its market expansion covers regions such as Europe, Australia, South America, North America, Africa, Central Asia, and Southeast Asia, covering nearly 70 countries and regions. It has become a globally leading supplier and service provider of mining equipment and cement equipment. For localized services, it fully leverages the localized functions of overseas institutions such as the production base in Spain, the Brazil company, the Australia company, and the Peru branch, continuously improving the global service network and enhancing localized service capabilities. On cooperation models, it strengthens cooperation with leading design institutes and international consulting companies to improve the company’s ability to provide integrated solutions of “technology + equipment + services” in global markets, fully driving the company’s internationalization process. Thank you for your attention to the company.

V. CITIC Heavy Industries and CITIC Equipment have a high degree of overlap in business, a high degree of overlap in the leadership team, and a high degree of overlap in office locations. What is the relationship between the two companies?

Dear investors, hello! CITIC Heavy Industries mainly engages in the development, R&D, and sales of large-scale equipment, large complete sets of technical equipment, and key components in fields including mining and heavy equipment (including engineering complete sets), robotics and intelligent equipment, new energy equipment, and special materials, and provides related supporting services and overall solution arrangements. CITIC Equipment mainly engages in special equipment and high-end materials businesses. Both parties’ actual controllers are CITIC Group Corporation Limited. Thank you for your attention to the company.

VI. How does the company view the impact of the current global mining industry capital expenditure trend on the company’s future business?

Dear investors, hello! According to Precedence Research data, the global mining machinery market has a space of $133.09 billion, and it is expected to reach $229.2 billion by 2035, with a CGR of 5.59% during the period. The mining and heavy equipment business, as the company’s “stabilizer” and “keystone,” is an important support for the company’s revenue and profits. In particular, as Chinese mining enterprises accelerate overseas investment, and with the high-level performance of metal prices such as copper and gold further boosting global mining capital expenditure demand, the company’s exports of mining and heavy equipment have remained stable-to-higher and improved in quality as they increase in volume. The company will actively seize opportunities for industry and market development, focus on strengthening, supplementing, and extending the industrial chain, and continue to consolidate and enhance the company’s core competitiveness by combining internal growth with external acquisitions and mergers. The company will work hard to continuously create value for all shareholders. Thank you for your attention to the company.

CITIC Heavy Industries (601608) main business: The company mainly engages in the development, R&D, and sales of large-scale equipment, large complete sets of technical equipment, and key components in fields such as mining and heavy equipment (including engineering complete sets), robotics and intelligent equipment, new energy equipment, and special materials, and provides related supporting services and overall solution arrangements.

The 2025 annual report of CITIC Heavy Industries shows that, during the year, the company’s main operating revenue was 8.107 billion yuan, up 0.91% year over year; net profit attributable to parent company was 375 million yuan, up 0.24% year over year; profit after deducting non-recurring items was 407 million yuan, up 2.36% year over year. Of this, in the fourth quarter of 2025, the company’s main operating revenue was 2.201 billion yuan, up 2.05% year over year; net profit attributable to parent company in the single quarter was 90.5072 million yuan, up 0.17% year over year; profit after deducting non-recurring items in the single quarter was 148 million yuan, down 13.21% year over year. The asset-liability ratio was 52.44%. Investment income was 31.0569 million yuan, financial expenses were 32.6611 million yuan, and gross margin was 18.17%.

In the recent 90 days, a total of 1 institution has issued an rating for this stock, including 1 “increase holdings” rating.

The following are detailed earnings forecast information:

Margin financing and securities lending data show that over the past 3 months, net margin financing outflow for this stock was 25.3864 million yuan, with the margin financing balance decreasing; net securities lending outflow was 3.0756 million yuan, with the securities lending balance decreasing.

The above content has been compiled by Securities Star from publicly available information and generated by an AI algorithm (filing no. 310104345710301240019). It does not constitute an investment recommendation.