Citic Heavy Industries (601608) Wins 28 Million Yuan Procurement Project from Baotou Huamei Rare Earth Hi-Tech Co., Ltd.

Deep News01-07

Citic Heavy Industries Co., Ltd. announced on January 7, 2026, that it has won a procurement project from Baotou Huamei Rare Earth Hi-Tech Co., Ltd., with a contract value of 28.00 million yuan, according to the "Procurement Document for the Phase II Roasting Rotary Kiln and Water-Cooled Jacket Type Cooling Rotary Kiln for the Green Smelting Upgrade and Renovation Project of the Original Plant Site and Adjacent Contiguous Area of the Smelting Branch of China Northern Rare Earth (Group) High-Tech Co., Ltd. and Huamei Company."

Relevant listed company: Citic Heavy Industries (601608.SH). According to its financial data, Citic Heavy Industries (601608.SH) reported revenue of 8.034 billion yuan in 2024, representing a revenue growth rate of -15.93%. Net profit attributable to the parent company was 375 million yuan, with a growth rate of -2.36%, and the Return on Equity (ROE) was 4.43%.

For the first half of 2025, the company's revenue was 3.981 billion yuan, with a revenue growth rate of 2.35%. Net profit attributable to the parent company was 203 million yuan, showing a growth rate of 6.39%.

The company operates in the industrial sector. Its primary product categories include generators and auxiliary equipment, environmental protection machinery, metallurgical machinery, heavy construction engineering machinery, specialized equipment, and components. The revenue breakdown from its 2024 annual report is as follows: Heavy Equipment Segment accounted for 69.48%; Special Materials: 16.66%; Power Industry: 11.26%; and New Energy Equipment: 2.61%.

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