Performance Insight | CITIC Heavy Industries 2025 Annual Report

On March 14, CITIC Heavy Industries released its 2025 annual report. The report shows that in 2025, CITIC Heavy Industries achieved operating revenue of 8.107 billion yuan, a year-on-year increase of 0.91%; total profit of 403 million yuan, up 27.15% year-on-year; net profit attributable to shareholders of the listed company of 375 million yuan, up 0.24% year-on-year; net profit after deducting non-recurring gains and losses attributable to the parent of 407 million yuan, up 2.36%, with continuous improvement in main business operations; net cash flow from operating activities was 850 million yuan, an increase of 4.14% year-on-year, with cash yield continuing to stay above 1, achieving “profit supported by cash flow”; interest-bearing debt decreased for five consecutive periods, from 5.472 billion yuan in 2020 to 1.993 billion yuan; R&D investment accounted for about 7%, promoting deep integration of technological innovation and industrial innovation, laying a solid foundation for accelerating the development of new productive forces.

A solid foundation for high-quality development. In 2025, CITIC Heavy Industries was guided by the “Four New” development principles, adhering to a platform-based and ecological model to deepen core business operations, accelerating product upgrades through intelligent, green, and integrated approaches, and improving product delivery and international competitiveness through refined management. The “second growth curve” of new energy is accelerating, with complete layout of technology and platforms across wind, solar, electricity, and energy storage industries, forming a complete industrial ecosystem and entering a stage of sustainable growth; the robotics industry is building a “4+6+N” system, completing core system upgrades to prepare for future growth.

▲CITIC Heavy Industries robot products

Continuous enhancement of innovation capabilities. In 2025, R&D investment accounted for about 7%. The company holds 1,151 valid patents, including 550 invention patents and 340 software copyrights, and has led or participated in the formulation of 129 national standards and 181 industry standards. The new site of the National Key Laboratory for Intelligent Mining Heavy Equipment has been put into operation, delivering multiple high-end equipment, with high-end nuclear power forging parts and seven-axis hydraulic mechanical arms for mining reaching international advanced levels.

Significant results in international expansion. In 2025, CITIC Heavy Industries’ products are exported to regions such as the Middle East and Central Asia, with overseas spare parts service orders increasing by 27% year-on-year; leveraging the Spain base to expand the market, signing EPC projects for a Moroccan MPH drying line and a green pilot plant, and the 5,000 TPD clinker cement production line project in Kandal, Cambodia, has been smoothly started, enhancing overseas EPC capabilities and increasing international brand influence.

▲Construction site of the 5,000 TPD clinker cement line project in Kandal, Cambodia, contracted by CITIC Heavy Industries

Achievements in digital and intelligent empowerment. A digital lean manufacturing platform has been built, with 100% online rate of core production data; systems such as “Artificial Intelligence + Advanced Scheduling” and “Artificial Intelligence + Safety Management” have been implemented, improving production scheduling efficiency by 30% and achieving over 90% high-risk warning rate. The company has developed integrated technology for intelligent crushing and grinding equipment for mining, creating an AI + smart mine demonstration project, deeply integrating big data analysis, artificial intelligence, and equipment to achieve dynamic and precise control of the grinding process, increasing ore processing capacity by 15%. It has been successfully rated as a national excellent-level intelligent factory and participated in the formulation of two international standards for intelligent manufacturing.