Gelonghui, May 11 | CITIC Construction Investment Securities Research Report indicates that the overall operation of CITIC Construction (600583.SH) was steady in 23 years, and Q1 performance continued to grow year on year in '24. In 23 years, the company's workload and market development reached a record high, and various fields have gone hand in hand to achieve breakthroughs; accelerate the transformation of market identity; and actively promote the commissioning of new projects. Net profit for 24Q1 was 475 million yuan, up 5.96% year on year. Q1 of '24 benefited from a high oil price environment, with steady growth in market development; full workload and good quality control; continued cost reduction and efficiency; stable capital structure and abundant capital. By the end of the reporting period, the total number of orders in hand was about 40.5 billion yuan, providing strong support for the continued development of the company's business. Furthermore, the company attaches importance to shareholder returns and promises a dividend ratio of not less than 30% for the next three years.