振华重工2024年年度报告（英文版）

Stock Code: 600320 900947 Stock Name: Zhenhua Heavy Zhenhua B-shareShanghai Zhenhua Heavy Industries Co., Ltd.Annual Report 2024List of Reference DocumentsFinancial statements affixed with the signature and seal of legal representative, person in charge of accounting work and person in charge of accounting agency.Original auditors' report stamped by the accounting firm and signed and stamped with the certified public accountants.Original copies of the documents and announcements of the Company published on the newspaper designated by the CSRC during the reporting period.$0/5&/54Section I Definitions ....................................................................................02Section II Company Profile and Principal Financial Indexes .........03Section III Management Discussion and Analysis...............................07Section IV Corporate Governance ............................................................22Section V Environmental and Social Responsibility ..........................40Section VI Important Events .......................................................................48Section VII Changes in Shares and Shareholders' Situation ............61Section VIII Preference Shares ......................................................................67Section IX Bonds .............................................................................................68Section X Financial Report ..........................................................................71 * This Report has been prepared in Chinese and translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.Important NoticeI. The Board of Directors, Board of Supervisors, directors, supervisors and senior executives of the Company hereby guarantee the truthfulness, accuracy and completeness of the contents carried in this annual report, guarantee no false record, serious misleading statement or great omission carried in this annual report and guarantee to assume the legal responsibilities jointly and separately.II. All directors of the Company are present at the board meeting.III. Ernst & Young Hua Ming LLP issued a standard audit report with unqualified opinions for the Company.IV. You Ruikai, chairman of the Company, Li Zhen, person in charge of accounting work, and Wang Minfei, person in charge of accounting agency (accountant in charge) hereby declare that the financial statements in this annual report are authentic, accurate and complete.V. Proposal for profit distribution or common reserves capitalizing during the reporting period reviewed by the board of directorsAs audited by Ernst & Young Hua Ming LLP, the Company achieved a net profit attributable to the owners of the parent company of approximately RMB 534 million in 2024. As at December 31, 2024, the undistributed profit of the parent company was approximately RMB 2.901 billion. Based on the Company’s perf