CITIC Corporation (00267) released CITIC Heavy Industries (601608.SH)'s 2023 annual performance report. CITIC Heavy Industries achieved total operating income of 9.557 billion yuan (RMB, same below), up 8.2% year on year; net profit attributable to shareholders of listed companies was 384 million yuan, up 163.51% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 298 million yuan, turning a year-on-year loss into profit; basic earnings per share were 0.088 yuan.
According to the announcement, the year-on-year increase in profit was mainly due to the year-on-year increase in the size of the company's active orders and revenue. Among them, the mining and heavy equipment business and international business grew significantly; the company continued to improve its ability to innovate, and the share of high-value-added products and services was steadily increasing; the company continued to promote lean management and implement cost reduction and efficiency throughout the entire process and all elements.