Zhenhai Petrochemical details 2024 performance in investor call
Zhenhai Petrochemical Engineering (SSE:603637) held an investor briefing, outlining the company's performance and answering questions about its strategic direction. The company reported 2024 revenue of CNY 517,541,996.31, an 11.60% decrease year-over-year, attributed to international market challenges and domestic competition. Engineering design revenue was CNY 108,776,912.67, a decrease of 4.72%, and engineering, procurement, and construction (EPC) revenue was CNY 388,594,637.21, a decrease of 13.71%. Net profit attributable to shareholders was CNY 97,236,845.34, a decrease of 3.97%. Despite revenue challenges, the company emphasized its strong cash position, with CNY 70,254.66 as of Q1 2025, representing 53.64% of total assets. Future growth strategies include industry expansion, market diversification, innovation, and strategic partnerships.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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