Recently, Sinoma International Engineering Co., Ltd. introduced the development of the company's overseas market business in its communication with investors.
In 2024, the company will mistake the global market, consolidate the advantages of technical equipment, strengthen business collaboration and internal resource sharing, expand the increment, optimize the stock, grasp the variables, strengthen the quality, and vigorously promote the global market expansion and business model innovation. It has successfully acquired 19 overseas cement production line projects in 15 countries, including Saudi Arabia, the Philippines, Iraq, the Czech Republic and Canada, as well as new energy projects such as MASS photovoltaic power generation in Iraq. The newly signed contracts in the Middle East, Africa, South Asia, Southeast Asia and Europe account for nearly 90% of the total overseas contracts. The value of newly signed overseas contracts was 36.2 billion, representing a year-on-year increase of 9%; the overseas revenue was 22.3 billion, representing a year-on-year increase of nearly 11%; the gross profit margin of overseas business was 23.07%, representing a year-on-year increase of 1.87 percentage points; and the internationalization index of the Company was 44.83%, representing a year-on-year increase of 2.79 percentage points. The scale and efficiency of overseas business have achieved double growth, which is due to the company's global brand influence, the service capability of the whole industry chain and the deepening implementation of the strategy of "two foreign services and one service".
Looking forward to 2025, the company will seize the new opportunities of structural transformation and continue to deepen the global market layout. Relying on the urbanization development and industrialization needs of the "the Belt and Road" emerging markets, we should grasp the new production lines and operation and maintenance business in the core business areas of the Middle East, Africa and Southeast Asia to drive high-end equipment. Based on the European market demand for green low-carbon, digital intelligence and other aspects, relying on high-end equipment and digital intelligent two-wheel drive, we will strengthen the development of mature markets: promote two-way circulation, three-dimensional and diversified industrial layout, vigorously expand the international alternative fuel market, build a global network of advantageous regions, and create a well-known benchmark project of green energy engineering.
Sinoma International has been deeply engaged in the overseas market for more than 20 years, and the "SINOMA" brand enjoys a high reputation in the international market, leading in technical strength, and winning the first chance for the company in the fierce market competition. In the future, the company will continue to implement the internationalization and localization business strategy, improve the overseas service network, improve the market response speed and service quality, strengthen the customer life cycle cooperation relationship, and promote the company to realize the value leap from "going out" to "going in" and then to "going up". Move.
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