Accelerated Globalization Strategy: KEDA Industrial Group's International Operating Revenue Surpasses 60% in the First Half of 2024

According to news from Shanghai Securities News (Reporter: Mr. Mingzhen LU) on the evening of August 20, KEDA Industrial Group (600499.SH) released its interim report for 2024. The company has significantly advanced its global strategy, focusing on core business areas to achieve consistent improvement in quality and efficiency, making substantial strides in high-quality development.

According to the report, KEDA Industrial Group achieved operating revenue of RMB 5.494 billion in the first half of the year, a 15.74% increase year-on-year. Notably, international operating revenue accounted for over 60% of this total. The net profit attributable to shareholders of the listed company reached RMB 454 million, with the net profit attributable to shareholders of the listed company excl. non-recurring profit or loss at RMB 400 million.


Overall, KEDA Industrial Group saw growth in both Chinese and international orders and operating revenue for its core building materials machinery business, maintaining stable profitability. The company made significant progress in expanding capacity and regional presence in building materials markets. Additionally, its lithium salt investment business remained resilient, continuing to contribute to profits.

In the building materials machinery sector, KEDA Industrial Group achieved dual growth in Chinese and international orders and operating revenue, with overall profitability remaining stable. Notably, the company made substantial advancements in international markets through capacity expansion and regional expansion in the building materials sector. The company's lithium salt investment business also demonstrated strong resilience, contributing steady profits.

During the reporting period, KEDA Ceramic Machinery's business saw growth in both Chinese and international markets, driving its building materials machinery operating revenue to RMB 2.705 billion, a 28.97% increase year-on-year. The company saw a significant rise in international orders, particularly in Southeast Asia, the Middle East, South Asia, and Europe. KEDA Industrial Group also enhanced its servitization and generalization strategies by establishing spare parts warehouses and technical teams in Turkey and Mexico, boosting the growth of its spare parts and consumables business.

▲KEDA TURKEY Bozuyuk Factory is under construction and is expected to be operational by year-end

In the building materials segment, operating revenue reached RMB 1.984 billion, accounting for 36% of total operating revenue. Despite challenges such as currency devaluation in Africa, the company implemented price increases and cost control measures, anticipating improved profitability in the second half of the year. Additionally, KEDA Industrial Group operates multiple production bases in Africa, with significant output, and has also launched a new building ceramics project in Honduras, Central America.

▲The Cameroon building ceramics project's K2 line was commissioned in July

Lanke Lithium Industry, a company engaged in the lithium salt investment business, has also performed well during the reporting period. It achieved operating revenue of RMB 1.685 billion and a net profit of RMB 317 million, with both output and sales increasing. This segment contributed RMB 138 million in net profit to KEDA Industrial Group.

Recently, KEDA Industrial Group completed the election of its board of directors, supervisors, and senior management, ensuring a smooth transition in corporate governance and leadership. Under the leadership of the new board, the company will continue to advance its strategies of "Globalization, Servitization, Digitalization, and Youngization". This strategic focus aims to enhance KEDA Industrial Group's competitiveness in the global market. These initiatives signal continued and steady progress toward high-quality development for KEDA Industrial Group.