According to Zhitong Finance App News, CITIC Holdings (00267) announced CITIC Heavy Industries (601608.SH)'s first quarter results of 2024, with operating income of 2,177 billion yuan (RMB, same below), up 0.22% year on year; net profit attributable to shareholders of listed companies was 897.78 million yuan, up 12.12% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 74.261 million yuan, an increase of 96.41% year on year; basic earnings per share were 0.0207 yuan.
According to the announcement, the main reason for the increase in net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses was that the company deepened the continuous lean management system for discrete manufacturing, improved operation management efficiency, and continuously optimized the “five-dimensional efficiency increase” normal and long-term mechanism to help the company achieve high-quality development, and production and operation profits increased significantly over the same period last year.