On October 30, Shanghai Zhenhua Port Machinery (ZPMC) released the “2024 Third Quarter Report.”
The announcement disclosed that ZPMC achieved operating income of RMB 25.363 billion (approximately US$3.561 billion) in the first three quarters, a year-on-year increase of 12.67%; net profit attributable to shareholders of the parent company was RMB 433 million, a year-on-year increase of 35.43%; non-net profit was RMB 132 million, a year-on-year decrease of 30.82%; net cash flow from operating activities was RMB 2.063 billion (approximately US$290 million), a year-on-year increase of 75.68%; during the reporting period, ZPMC’s basic earnings per share was RMB 0.08 and the weighted average return on equity was 2.76%.
It is reported that ZPMC is mainly engaged in the design, construction, installation and contracting of large port handling systems and equipment, offshore heavy equipment, construction machinery, construction vessels and large steel structural parts and components, accessories.