According to the Zhitong Finance App, CITIC Heavy Industries (601608.SH), an affiliate of CITIC Co., Ltd. (00267), issued an announcement. The company expects to achieve net profit of 365 million yuan to 438 million yuan (RMB, same below) for the year ended December 31, 2023, an increase of 151%-201% over the previous year.
According to the announcement, in 2023, the company will solidly carry out various business tasks around the four major industrial sectors, comprehensively enhance value creation capabilities, and promote the company to achieve effective quality improvement and reasonable volume growth.
The company normalizes all-staff marketing and “service miles” work and plans “go out, please come in” special work to actively explore domestic and foreign markets, adding to the strong momentum of exports, increasing the total volume of international business. Foreign revenue is expected to increase by about 75%; the company accelerates product optimization, upgrading and structural adjustment, continuously improves product quality and product competitiveness, and pushes domestic heavy equipment to break through the world's largest specifications and reach the leading level of technology. The sales share of high-value-added products is steadily increasing; the company deepens the continuous lean management system for discrete manufacturing and improving operation management Efficiency, continuous optimization of the “five-dimensional efficiency increase” normal long-term mechanism, helps the company achieve high-quality development “from growth to efficiency”, further reduce comprehensive costs, and further increase comprehensive gross margin.