Summary by Moomoo AI
CITIC HEAVY MACHINERY CO., LTD. ISSUED ITS FIRST QUARTER REPORT FOR 2024 ON APRIL 25, 2024. THE COMPANY IS A SUBSIDIARY OF CHINA CITIC CORPORATION LIMITED AND PUBLISHES ITS QUARTERLY FINANCIAL REPORTS ON THE SHANGHAI STOCK EXCHANGE. The report showed that the company's operating income for the first quarter of 2024 was RMB2,177,168,780.80, a slight increase of 0.22% compared to the same period last year; net profit attributable to shareholders of listed companies was RMB89,777,996.14, up 12.12% year-on-year; net profit after non-recurring loss was 74,026,099.74 Yuan Renminbi, up by 96.41%. The company said that the significant growth of Pure Profit was mainly due to the company's deepening of its distributed manufacturing continuous streamlined management system, improved operational management efficiency, and continued optimization of the “five...Show More