Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,806,869,058.01, representing a year-on-year increase of 47.82%[2] - The net profit attributable to shareholders of the listed company was CNY 15,373,901.72, with a significant increase in production efficiency and gross profit margin[8] - The total comprehensive income increased by 47.23% to ¥3,839,120,991.25 from ¥2,607,526,251.42, driven by the appreciation of held stocks[16] - The net profit for Q1 2024 was CNY 24.68 million, a substantial recovery from a net loss of CNY 52.15 million in Q1 2023[28] - The total profit for Q1 2024 was CNY 26.98 million, recovering from a total loss of CNY 62.14 million in Q1 2023[28] Cash Flow - The net cash flow from operating activities was negative CNY 3,403,181,373.38, a decrease of 1,669.88% compared to the previous year, primarily due to uneven cash collection and increased procurement expenses[8] - The cash flow from operating activities generated CNY 216.78 million in Q1 2024, down from CNY 2.88 billion in Q1 2023, indicating a decrease of 92.5%[31] - The cash flow from investing activities was 16.07 million RMB, a significant improvement from -2.97 billion RMB in the previous year, suggesting better investment management[20] - The cash flow from financing activities showed a net outflow of 157.37 million RMB, a decrease from -1.19 billion RMB year-over-year, reflecting reduced loan repayments[20] - The net increase in cash and cash equivalents for Q1 2024 was -3,528,497,247.45, compared to -3,949,739,553.40 in Q1 2023[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 50,839,797,543.37, a slight decrease of 0.04% from the end of the previous year[3] - The company's total liabilities decreased to 29.91 billion RMB as of March 31, 2024, from 31.26 billion RMB at the end of 2023, indicating improved financial stability[24] - The company's total assets decreased by 31.44% in trading financial assets, dropping to ¥6,258,055.06 from ¥9,127,869.19, due to the expiration of certain financial derivatives[15] - The company's contract liabilities decreased slightly to 15.14 billion RMB as of March 31, 2024, from 15.37 billion RMB at the end of 2023, indicating a potential reduction in future obligations[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,317[9] - The top shareholder, HKSCC NOMINEES LIMITED, held 41.70% of the shares, while China Shipbuilding Industry Group held 34.05%[10] - The equity attributable to shareholders of the listed company increased by 7.60% to CNY 17,664,653,265.10 compared to the end of the previous year[3] - The total equity attributable to shareholders increased to 17.66 billion RMB as of March 31, 2024, compared to 16.42 billion RMB at the end of 2023, showing growth in shareholder value[25] Expenses and Investments - The cost of goods sold increased by 41.42% to ¥2,550,008,968.22 from ¥1,803,181,205.07, reflecting the rise in operating revenue[17] - Research and development expenses surged by 125.18% to ¥136,983,220.26 from ¥60,831,504.73, indicating increased investment in R&D projects[18] - The net profit margin is impacted by a significant increase in sales expenses, which rose by 255.71% to ¥26,503,377.37 from ¥7,450,936.39[17] - Long-term equity investments remained stable at approximately 5.21 billion RMB, showing consistency in the company's investment strategy[22] Other Financial Metrics - The basic and diluted earnings per share were both CNY 0.0109, with no applicable year-on-year comparison[2] - The weighted average return on net assets increased by 0.27 percentage points to 0.09%[2] - The company received government subsidies amounting to CNY 4,937,672.94, which are closely related to its normal business operations[4] - The company's inventory increased to 6.29 billion RMB as of March 31, 2024, compared to 5.43 billion RMB at the end of 2023, indicating potential growth in production or sales[21] Board of Directors - The company’s board of directors consists of eleven members, including executive and independent directors, ensuring diverse oversight[37]

Financial Performance - The company achieved a total operating revenue of RMB 16.15 billion in 2023, representing a year-on-year increase of 26.19%[10]. - The operating revenue after deducting non-main business income was RMB 15.94 billion, up 26.69% compared to the previous year[11]. - The net profit attributable to shareholders was RMB 48.07 million, a decrease of 93.02% year-on-year, primarily due to reduced investment income from joint ventures[11]. - Basic earnings per share were RMB 0.0340, down 93.02% from the previous year[11]. - The net cash flow from operating activities was RMB 3.31 billion, an increase of 64.36% year-on-year, mainly due to increased ship progress payments received[12]. - The weighted average return on net assets was 0.30%, a decrease of 4.36 percentage points year-on-year[11]. - The company reported a net profit of RMB -1.76 million after deducting non-recurring gains and losses, an improvement compared to the previous year's loss[11]. - The total assets at the end of 2023 were RMB 50.86 billion, reflecting a year-on-year increase of 5.32%[10]. - The company reported a total revenue of RMB 15.941 billion, a year-on-year increase of 26.69%[30]. - The company reported a significant increase in revenue, achieving a total of 50 billion RMB for the fiscal year 2023, marking a year-over-year growth of 15%[117]. Profit Distribution - The company plans to distribute a cash dividend of RMB 0.11 per 10 shares, totaling approximately RMB 15.55 million, which represents 32.35% of the net profit attributable to shareholders for the year[3]. - The board of directors has approved the profit distribution plan, pending approval at the annual general meeting[3]. - The company has not made any adjustments to its cash dividend policy during the reporting period[144]. - The company’s profit distribution policy emphasizes stable and continuous returns to shareholders, with a principle of distributing at least 30% of the average distributable profit over the last three years[145]. Operational Efficiency - The company focused on optimizing operational efficiency and completed its annual delivery tasks ahead of schedule[11]. - The company has made significant advancements in production efficiency and management, leading to improved operational quality[20]. - The company is focusing on enhancing production efficiency and profitability through lean production and management improvements[75]. - The company plans to enhance its supply chain efficiency, aiming for a reduction in operational costs by 10% over the next fiscal year[119]. Research and Development - The company has established 11 provincial and national-level technology innovation platforms, enhancing its research and development capabilities[21]. - Research and development (R&D) expenses totaled RMB 658.53 million, representing 4.08% of operating revenue, with no capitalized R&D expenditures[46]. - The company completed 530 patent applications and received 281 patent grants during the reporting period, enhancing its innovation capabilities[47]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies and product development[120]. Market Expansion - The company is actively expanding its defense equipment market while also increasing its presence in the civil shipbuilding sector[18]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[118]. - Market expansion plans include entering three new international markets by the end of 2024, aiming for a 5% market share in each[120]. Risk Management - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[3]. - The company has established risk management measures to mitigate market, liquidity, credit, operational, and legal risks associated with derivative trading[64]. - The company is actively managing customer risks to mitigate potential defaults on orders due to financial difficulties faced by shipowners[77]. Corporate Governance - The company has implemented a governance structure in compliance with the Company Law and relevant regulations, with no significant deviations noted[89]. - The board consists of 10 members, including 2 executive directors, 4 non-executive directors, and 4 independent non-executive directors, ensuring diverse expertise[90]. - The company has adopted a board diversity policy to enhance its development through varied professional skills and industry experiences[90]. - The company emphasizes the importance of leadership continuity with the re-election of several key board members[123]. Environmental Responsibility - The company invested RMB 21.613 million in environmental protection during the reporting period[157]. - The company has established a carbon emission reduction mechanism, with a target to reduce carbon emissions by approximately 11,086 tons through various measures[169]. - The smart air compressor station at Longxue plant, operational since February 2023, is expected to reduce comprehensive energy consumption by about 1,106 tons of standard coal and carbon emissions by approximately 4,500 tons[169]. - The company has developed a comprehensive environmental self-monitoring plan in accordance with national standards, ensuring all emissions meet regulatory requirements[165]. Related Party Transactions - The company has established a 2023 framework agreement with China Shipbuilding Group to continue regulating ongoing related transactions and financial services from January 1, 2023, to December 31, 2023[187]. - The group confirmed that all related party transactions were conducted under fair and reasonable terms, in compliance with the approved limits set by the shareholders' meeting[194]. - The company has committed to resolving competition issues with its controlling shareholder through a three-step approach initiated in 2019[113]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% based on current market trends and user acquisition strategies[119]. - For 2024, the company plans to achieve a revenue of RMB 17.6 billion and aims to sign contracts worth RMB 15.1 billion[75]. - The company plans to continue expanding its financial services and related transactions in 2024[114].

Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 16,145,951,496.09[1] - The profit attributable to equity holders of the company was RMB 48,067,553.44, resulting in earnings per share of RMB 0.0340[1] - The company achieved an operating revenue of RMB 16.146 billion in 2023, representing a year-on-year growth of 26.19%[10] - The net profit attributable to shareholders was RMB 48.07 million, a decrease of RMB 640 million or 93.02% year-on-year[10] - The basic earnings per share for 2023 was RMB 0.0340, down 93.02% from RMB 0.4871 in 2022[12] - The company reported a total gross profit of RMB 1.001 billion, an increase of RMB 182 million compared to the previous year, with a gross profit margin of 6.28%[22] - The company's total revenue for the reporting period reached RMB 15.941 billion, representing a year-on-year growth of 26.69%[22] - The company reported a significant decrease in direct material and processing costs in the offshore engineering and ship repair segments due to lower revenue[30] - The company reported a net profit of 47,246,209.40 RMB for 2023, down from 692,479,205.06 RMB in 2022, indicating a decline of approximately 93%[61] Dividends and Profit Distribution - The proposed cash dividend is RMB 0.11 per 10 shares, totaling RMB 15,548,570.16, which represents 32.35% of the net profit attributable to shareholders for the year[4] - The company plans to maintain a stable profit distribution policy, emphasizing reasonable and stable returns to shareholders while considering long-term sustainable development[2] Shipbuilding and Market Performance - The global new ship order volume in 2023 was 43.01 million compensated gross tons, a year-on-year increase of 0.5%[6] - The global ship delivery volume was 34.85 million compensated gross tons, reflecting a year-on-year increase of 16.2%[6] - The new ship price index reached 178 points by December 2023, marking a 10.2% increase year-on-year, the highest since December 2008[6] - The market share of China's shipbuilding completion volume, new orders, and hand-held orders accounted for 50.2%, 66.6%, and 55% of the global total, respectively[6] - The company secured new orders worth RMB 18.3 billion, an increase of 27.5% year-on-year, exceeding its annual operational targets[10] - Revenue from the shipbuilding industry reached ¥15,941,256,203.17, a year-on-year increase of 26.69%, with a gross margin of 6.28%[20] - Revenue from shipbuilding business amounted to RMB 13.234 billion, with a year-on-year increase of 67.95%[24] - Revenue from the Chinese market (including Hong Kong, Macau, and Taiwan) increased by RMB 3.740 billion, a growth of 33.17%[28] Costs and Expenses - Total costs for the reporting period amounted to RMB 1,494,008.62 million, representing a 27.00% increase compared to RMB 1,176,398.40 million in the same period last year[29] - Direct material costs increased by 72.26% to RMB 933,879.24 million, while processing costs rose by 62.32% to RMB 317,439.95 million in the shipbuilding segment[30] - Total operating costs for 2023 were RMB 16,195,308,620.12, up from RMB 12,720,499,852.53 in 2022, reflecting a rise of 27.0%[58] Research and Development - Research and development expenses increased by 14.28% to RMB 658.53 million compared to the previous year[13] - R&D expenditures totaled RMB 658,533,832.96, accounting for 4.08% of operating revenue, with no capitalized R&D expenses reported[31] - The number of R&D personnel is 1,321, making up 18.94% of the total workforce, with 12 holding doctoral degrees and 92 holding master's degrees[32] - The company completed 530 patent applications and received 281 patent grants during the reporting period, enhancing its innovation capabilities[33] Cash Flow and Liquidity - The net cash flow from operating activities rose by 64.36% to RMB 3.31 billion, driven by increased progress payments for vessels[13] - Cash and cash equivalents at the end of the period reached ¥16,422,805,149.57, accounting for 32.29% of total assets, an increase of 10.86% compared to the previous period[17] - The company's cash and cash equivalents stood at RMB 16.42 billion, compared to RMB 14.81 billion in 2022, marking an increase of around 10.8%[52] - The total cash inflow from operating activities was RMB 20,420,113,162.73, up from RMB 17,919,669,761.93 in the previous year, representing an increase of 8.8%[63] Assets and Liabilities - As of December 31, 2023, the company's total assets amounted to RMB 50.86 billion, an increase from RMB 46.51 billion in 2022, representing a growth of approximately 7.6%[54] - The company's current assets reached RMB 29.83 billion, up from RMB 25.85 billion in the previous year, indicating a growth of about 15.4%[52] - The total liabilities increased to RMB 31.26 billion from RMB 27.76 billion, reflecting a rise of approximately 12.0%[55] - Long-term borrowings increased by 48.61% to ¥3,314,314,701.47, now accounting for 6.52% of total assets, due to the acquisition of policy loans[19] Future Outlook and Strategy - For 2024, the company plans to achieve a revenue of RMB 17.6 billion and aims to secure contracts worth RMB 15.1 billion[48] - The company is focusing on enhancing production efficiency and profitability through lean production and management improvements[48] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[50] - The company is actively pursuing strategies for market expansion and potential acquisitions to bolster growth[98] Corporate Governance and Compliance - The company has adopted all applicable principles and code provisions of the corporate governance code as per Hong Kong listing rules[43] - The company assessed its ability to continue as a going concern for the next 12 months and believes its current financial position is sufficient to support operations[68]

Revenue and Profit Growth - Revenue for the reporting period was RMB 3,790,016,353.59, a 33.88% increase compared to the same period last year[2] - Net profit attributable to shareholders of the listed company was RMB 11,534,072.30, a 139.61% increase compared to the same period last year[2] - Basic earnings per share (EPS) were RMB 0.0082, a 141.18% increase compared to the same period last year[2] - Revenue from the beginning of the reporting period increased by 33.88% due to steady production growth and increased completion of products meeting revenue recognition conditions[10] - Net profit attributable to shareholders of the listed company for the reporting period increased by 139.61%, driven by improved production efficiency and increased product gross profit[10] - Basic earnings per share for the reporting period increased by 141.18%, reflecting higher production efficiency and increased product gross profit[10] - Diluted earnings per share for the reporting period also increased by 141.18%, in line with basic earnings per share[10] - Operating income increased by 33.88% to RMB 9,772,350,156.63 due to steady production growth and increased completion of products meeting revenue recognition conditions[17] - Operating revenue for the first three quarters of 2023 reached 9.77 billion yuan, a 33.9% increase from 7.30 billion yuan in the same period of 2022[22] - Net profit attributable to the parent company's shareholders increased to RMB 24,199,357.20 in 2023 from RMB 23,742,568.65 in 2022[27] - Basic earnings per share (EPS) for the first three quarters of 2023 was RMB 0.0171, slightly up from RMB 0.0168 in 2022[28] Assets and Liabilities - Total assets at the end of the reporting period were RMB 49,403,469,252.19, a 6.22% increase compared to the end of the previous year[3] - Equity attributable to shareholders of the listed company was RMB 16,183,764,818.64, a 3.82% increase compared to the end of the previous year[3] - Total assets increased to 49.40 billion yuan as of September 30, 2023, compared to 46.51 billion yuan at the end of 2022[20] - Total liabilities rose to 30.04 billion yuan as of September 30, 2023, up from 27.76 billion yuan at the end of 2022[21] - Total equity attributable to owners of the parent company increased to 16.18 billion yuan as of September 30, 2023, from 15.59 billion yuan at the end of 2022[21] - Short-term borrowings decreased significantly to 746.45 million yuan as of September 30, 2023, from 2.88 billion yuan at the end of 2022[20] - Long-term borrowings increased to 3.73 billion yuan as of September 30, 2023, up from 2.23 billion yuan at the end of 2022[21] Cash Flow and Financial Activities - The company's cash flow from operating activities improved due to increased progress payments for ship products and reduced payments for material and equipment purchases[10] - Net cash flow from operating activities improved to RMB 326,330,796.17 from a negative RMB 686,823,270.60 due to increased progress payments for ship products and reduced material procurement payments[18] - Net cash flow from financing activities decreased by 230.15% to a negative RMB 1,148,671,253.57 due to the repayment of loans to financial institutions[18] - Cash flow from operating activities for the first three quarters of 2023 was RMB 326,330,796.17, a significant improvement from a loss of RMB -686,823,270.60 in 2022[30] - Cash flow from investing activities for the first three quarters of 2023 was RMB -3,222,960,178.21, a larger outflow compared to RMB -574,145,371.74 in 2022[32] - Cash flow from financing activities for the first three quarters of 2023 was RMB -1,148,671,253.57, compared to a positive RMB 882,599,669.69 in 2022[32] - Exchange rate impact on cash and cash equivalents decreased to 63,868,414.56 in the first three quarters of 2023 from 83,456,959.41 in the same period of 2022[33] - Net increase in cash and cash equivalents was -3,981,432,221.05 in the first three quarters of 2023, compared to -294,912,013.24 in the same period of 2022[33] - Beginning cash and cash equivalents balance was 11,069,985,285.84 at the start of 2023, up from 5,417,061,556.97 at the start of 2022[33] - Ending cash and cash equivalents balance was 7,088,553,064.79 at the end of the first three quarters of 2023, compared to 5,122,149,543.73 at the end of the same period in 2022[33] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses for the reporting period amounted to RMB 31,084,441.26[7] - Government subsidies related to normal business operations totaled RMB 8,090,000.00, including RMB 5,090,000.00 for fiscal interest subsidies and RMB 3,000,000.00 for first-set insurance subsidies[8] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the reporting period decreased by 178.14%, mainly due to increased gains from fixed asset disposals[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,845[11] - HKSCC NOMINEES LIMITED holds 41.70% of the shares, making it the largest shareholder[12] - China State Shipbuilding Corporation Limited holds 34.05% of the shares, making it the second-largest shareholder[12] - The top 10 shareholders hold a significant portion of the company's shares, with the top two shareholders holding over 75% combined[12][13] Financial Assets and Liabilities - Trading financial assets decreased by 66.19% to RMB 10,099,875.74 due to the expiration of some financial derivatives and a decline in the fair value of held derivatives[16] - Accounts receivable increased by 83.89% to RMB 1,964,041,883.92 due to an increase in payments not yet due[16] - Inventory increased by 37.76% to RMB 5,997,601,386.53 due to an increase in work-in-progress that did not meet revenue recognition conditions[16] - Short-term borrowings decreased by 74.09% to RMB 746,445,805.55 due to the repayment of loans to financial institutions[16] - Long-term borrowings increased by 67.05% to RMB 3,725,716,000.00 due to an increase in policy loans[17] Operating Costs and Expenses - Operating costs increased by 33.68% to RMB 9,106,969,194.31 in line with the increase in operating income[17] - Operating costs for the first three quarters of 2023 were 9.76 billion yuan, up 34.8% from 7.24 billion yuan in the same period of 2022[22] - R&D expenses for the first three quarters of 2023 totaled 414.66 million yuan, a 16.3% increase from 356.59 million yuan in the same period of 2022[24] Investment and Fair Value Changes - Investment income for the first three quarters of 2023 showed a loss of 2.86 million yuan, compared to a loss of 34.48 million yuan in the same period of 2022[26] - Fair value change losses for the first three quarters of 2023 amounted to 101.38 million yuan, significantly higher than the 45.95 million yuan loss in the same period of 2022[26] Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2023 was RMB 922,177,789.00, a significant improvement from a loss of RMB -357,558,605.28 in 2022[27] - Comprehensive income total for the first three quarters of 2023 was RMB 956,337,923.30, compared to a loss of RMB -322,586,940.25 in 2022[28] Accounting Standards and Adjustments - The company implemented the "Accounting Standards for Business Enterprises Interpretation No. 16" starting from January 1, 2023, leading to retrospective adjustments in financial statements[3] Monetary Funds - Monetary funds decreased to RMB 13,802,271,572.69 from RMB 14,813,771,761.29[19]

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Financial Performance - The company's operating revenue for the first half of 2023 reached RMB 5.98 billion, representing a year-on-year increase of 40.06%[3] - Net profit attributable to shareholders was RMB 12.67 million, a decrease of 33.09% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 15.48 million, showing a significant increase of 636.89% year-on-year[3] - Basic earnings per share decreased to RMB 0.009, down 32.84% from the previous year[4] - The net cash flow from operating activities was RMB -2.60 billion, a decline of 303.48% compared to the same period last year[3] - The company's total assets at the end of the reporting period were RMB 46.87 billion, an increase of 0.77% from the end of the previous year[3] - The net profit attributable to shareholders was RMB 13 million, with earnings per share of RMB 0.009[12] - The company reported a decrease in cash received from shipbuilding progress payments by 33.22% compared to the end of the previous year[16] - The company reported a significant increase in other comprehensive income, rising to CNY 3.17 billion from CNY 1.45 billion, an increase of approximately 118.9%[47] - The total comprehensive income for the first half of 2023 reached CNY 1,754,095,664.43, a significant improvement from a loss of CNY -923,946,028.53 in the same period of 2022[56] Assets and Liabilities - The company's total assets at the end of the period were RMB 9,891,953,817.90, down 33.22% from the previous year[16] - The company's long-term equity investment balance at the end of the reporting period was RMB 519,649.95 million, a decrease of 6.81% compared to the beginning of the period, primarily due to changes in the equity of joint ventures[21] - The total amount of external guarantees provided by the company is within the approved limit by the shareholders' meeting, with no overdue guarantees occurring during the reporting period[24] - The total current assets decreased to CNY 24.41 billion from CNY 25.85 billion as of December 31, 2022, representing a decline of approximately 5.5%[44] - The company's total non-current assets increased to CNY 22.46 billion from CNY 20.66 billion, marking an increase of about 8.7%[45] - Total liabilities decreased to CNY 26.75 billion from CNY 27.76 billion, reflecting a reduction of approximately 3.7%[46] - The total equity attributable to shareholders rose to CNY 16.95 billion from CNY 15.59 billion, indicating an increase of about 8.7%[47] Orders and Backlog - The company secured new shipbuilding orders worth RMB 7.326 billion, representing a year-on-year increase of 132.94%[12] - The total value of the company's backlog of orders reached approximately RMB 56.11 billion, with shipbuilding orders valued at RMB 53.66 billion[12] - The global new ship order volume decreased by 12% year-on-year, with a total of 782 vessels ordered in the first half of 2023[11] Government Subsidies - The company recognized a government subsidy of RMB 43.75 million during the reporting period, which is closely related to its normal business operations[6] - The company received government subsidies totaling RMB 8.09 million, which are closely related to its normal business operations[9] Environmental Compliance - Three subsidiaries of the company, Huangpu Wenchong, Wenchong Shipyard, and Guangzhou Huangchuan Marine Engineering Co., Ltd., have been included in the 2023 key pollutant discharge units list by the Guangzhou Ecological Environment Bureau[25] - Huangpu Wenchong reported an average emission concentration of 0.157 mg/m³ and a total discharge of 8 kg for toluene, with no exceedance of discharge standards[26] - Wenchong Shipyard had an average emission concentration of 1.89 mg/m³ and a total discharge of 744 kg for toluene, also with no exceedance of discharge standards[26] - The company has established 6 sets of organic waste gas purification devices and 5 sets of dust treatment facilities at Huangpu Wenchong, employing advanced treatment technologies[28] - Wenchong Shipyard has 8 sets of organic waste gas purification devices and has completed the environmental facility renovation project in the first half of 2023, with new online monitoring equipment installed[29] - Huangchuan Marine Engineering has built a wastewater treatment station and installed 12 sets of active carbon adsorption and catalytic combustion purification devices for organic waste gas[30] - All three subsidiaries have obtained pollution discharge permits and water discharge permits, ensuring compliance with environmental regulations[31] - The company has developed an emergency response plan for environmental incidents, regularly conducting drills to enhance response capabilities[31] - The environmental self-monitoring plan has been established according to national standards, with quarterly monitoring of air, water, and noise emissions showing compliance[32] Future Outlook and Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[19] - The company aims to enhance its operational efficiency through strategic initiatives and cost management measures[19] - The company plans to achieve a revenue of RMB 13.8 billion and contract undertakings of RMB 16.2 billion for the year 2023[38] - The offshore wind power business is expected to enter a rapid development phase, driven by declining turbine prices and new planning initiatives[36] - The company is committed to becoming a world-class marine equipment listed company by focusing on R&D, manufacturing, and service integration[37] Cash Flow and Financing - The cash flow from operating activities showed a net outflow of CNY -2,603,497,437.82 in the first half of 2023, contrasting with a net inflow of CNY 1,279,468,624.31 in the same period of 2022[57] - The total cash inflow from financing activities in the first half of 2023 was 716,000,000.00 RMB, down from 3,100,000,000.00 RMB in the first half of 2022[58] - The net cash flow from financing activities for the first half of 2023 was -2,214,538,244.91 RMB, compared to a positive net cash flow of 1,015,586,196.88 RMB in the same period of 2022[58] - The net increase in cash and cash equivalents for the first half of 2023 was -5,544,935,700.59 RMB, contrasting with an increase of 1,156,050,901.29 RMB in the first half of 2022[59] - The cash and cash equivalents at the end of the first half of 2023 stood at 5,525,049,585.25 RMB, down from 6,573,112,458.26 RMB at the end of the first half of 2022[59] Employee and Compensation - The total number of employees as of June 30, 2023, was 5,162, with total employee compensation amounting to RMB 446 million for the first half of 2023[10] Corporate Governance - The company has maintained compliance with corporate governance standards and has held four board meetings during the reporting period[42] - The company has no repurchase, sale, or redemption of its securities during the reporting period[34]

Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,898,863,467.22, representing a year-on-year increase of 68.27%[4] - The net profit attributable to shareholders was a loss of RMB 26,665,452.21, with a basic and diluted earnings per share of -0.0189[4] - The total operating costs for Q1 2023 were RMB 1,962,044,650.92, up from RMB 1,212,346,783.58 in Q1 2022, reflecting an increase of approximately 62%[22] - The net profit for Q1 2023 was -52,149,413.71, compared to -32,073,817.66 in Q1 2022, indicating a worsening loss of approximately 63%[24] - The total comprehensive income for Q1 2023 was 128,614,753.30, a significant improvement from -1,274,108,215.88 in Q1 2022[25] - The company reported an operating profit of -62,385,711.36 for Q1 2023, compared to -39,815,704.50 in Q1 2022, indicating a decline in operational performance[24] Cash Flow - The net cash flow from operating activities decreased by 92.87% to RMB 216,779,439.99[4] - The cash flow from operating activities for Q1 2023 was 216,779,439.99, down from 3,038,823,824.90 in Q1 2022, reflecting a decline of approximately 93%[27] - The cash flow from investing activities for Q1 2023 was -2,966,179,474.47, slightly improved from -3,234,324,229.37 in Q1 2022[29] - The cash flow from financing activities for Q1 2023 was -1,189,027,326.36, compared to a positive cash flow of 386,227,040.76 in Q1 2022[29] - The net increase in cash and cash equivalents for Q1 2023 was -3,949,739,553.40, compared to an increase of 186,720,575.37 in Q1 2022[30] - The cash and cash equivalents at the beginning of Q1 2023 were 11,069,985,285.84, up from 5,417,061,556.97 in Q1 2022[30] - The ending cash and cash equivalents for Q1 2023 stood at 7,120,245,732.44, compared to 5,603,782,132.34 in Q1 2022[30] Assets and Liabilities - Total assets at the end of the reporting period were RMB 46,179,251,628.52, a decrease of 0.65% compared to the end of the previous year[5] - Current assets totaled RMB 25,701,712,905.91, slightly down from RMB 25,845,135,974.86 at the end of 2022, indicating a decrease of approximately 0.55%[19] - The company reported a total liability of RMB 27,674,295,017.69 as of March 31, 2023, compared to RMB 27,729,082,780.77 at the end of 2022, showing a marginal decrease of about 0.20%[19] - The company’s total liabilities increased in the current liabilities section, with contract liabilities rising to RMB 12,588,622,579.62 from RMB 11,979,592,304.12, an increase of approximately 5.1%[19] - The total non-current assets decreased to RMB 20,477,538,722.61 from RMB 20,634,650,669.79, indicating a decline of about 0.76%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,016[12] - The largest shareholder, HKSCC NOMINEES LIMITED, holds 589,239,818 shares, representing 41.69% of the total shares[13] - China Shipbuilding Industry Group holds 481,337,700 shares, accounting for 34.05% of the total shares[13] Expenses and Income - Research and development expenses for the period were RMB 60,831,504.73, a decrease of 35.31% year-on-year[10] - The company's investment income decreased by 150.95% to a loss of RMB 3,341,393.95 compared to the previous year[10] - The company reported a significant increase in non-operating expenses, which rose to $768,002.78, up 202.85% from $253,590.90 last year[11] - The total investment income for Q1 2023 was 15,710,576.00, down from 54,692,681.94 in Q1 2022, reflecting a decrease of approximately 71%[29] - Operating income from non-operating activities increased to $1,011,927.74, up 79.94% from $562,381.06 last year[11] Other Financial Metrics - Fair value changes in financial assets decreased to $4,266,915.67, down 86.28% from $31,101,590.89 in the previous year[11] - Credit impairment losses were reported at -$2,483,584.44, a decrease of 119.89% compared to $12,489,493.54 last year[11] - The company reported a net loss from credit impairment of RMB 2,483,584.44 in Q1 2023, compared to a gain of RMB 12,489,493.54 in Q1 2022, indicating a significant change in credit performance[21] - Deferred income tax expenses decreased, impacting the overall tax expense, which was -$9,992,372.69 compared to -$7,433,096.68 last year[11]

Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.10 per 10 shares, totaling RMB 14,135,063.78, which represents 2.05% of the net profit attributable to shareholders for the year 2022[5]. - As of December 31, 2022, the company reported a total unallocated profit of RMB 954,983,515.14 to be carried forward to future distributions[5]. - The company does not plan to implement a capital reserve transfer to increase share capital for the fiscal year 2022[5]. - The company’s profit distribution policy emphasizes a fixed ratio of at least 30% of the average distributable profit over the last three years for cash dividends[139]. - The company’s cash dividend distribution is subject to the approval of the 2022 annual general meeting[136]. - The company’s board of directors must provide detailed explanations if no cash dividend proposal is made despite achieving profits[140]. Financial Performance - The company achieved operating revenue of RMB 12.80 billion in 2022, representing a year-on-year growth of 9.63%[12]. - The net profit attributable to shareholders was RMB 688 million, a significant increase of 767.13% compared to the previous year[15]. - Basic earnings per share reached RMB 0.4870, reflecting a year-on-year increase of 766.55%[14]. - The net cash flow from operating activities was RMB 2.02 billion, a decrease of 53.84% year-on-year[15]. - The company's total assets amounted to RMB 46.48 billion at the end of 2022[12]. - The net assets attributable to shareholders were RMB 15.59 billion, showing a growth of 0.41% from the beginning of the year[15]. - The weighted average return on net assets was 4.65%, an increase of 4.12 percentage points year-on-year[14]. - The company reported a total profit of RMB 700 million, an increase of RMB 585 million, representing a growth of 508.04% year-on-year[27]. Revenue and Orders - The company achieved operating orders of RMB 14.35 billion in 2022, exceeding the annual operational plan[23]. - The company reported a revenue of RMB 12.795 billion, representing a year-on-year increase of 9.63%[25]. - The company delivered 32 vessels during the reporting period, including various important defense equipment products[23]. - The company confirmed investment income of approximately RMB 7.3 billion from its joint venture, contributing to the overall profit[15]. Market Position and Strategy - The company has a strong market position in the domestic and international shipbuilding industry, particularly in the market for feeder container ships and dredging vessels[26]. - The company focuses on high-quality development and technological innovation to improve core competitiveness[23]. - The company is committed to optimizing its capital structure and adjusting based on economic environment changes and future funding needs[68]. - The company aims to enhance production efficiency and strengthen cost control as part of its operational strategy for 2023[71]. Research and Development - The company has established 11 provincial and national-level technology innovation platforms, enhancing its R&D capabilities[26]. - The company emphasizes continuous improvement in R&D capabilities and construction technology to enhance profitability[26]. - R&D investment totaled RMB 576,251,544.72, accounting for 4.50% of operating revenue[50]. - Research and development expenses decreased by 6.68% year-on-year, attributed to the completion of certain research projects[28]. Environmental and Social Responsibility - The company has invested ¥15.95 million in environmental protection during the reporting period[149]. - The company has implemented a comprehensive environmental impact assessment and has obtained necessary environmental permits for all projects, ensuring compliance with national regulations[156]. - The company has committed to enhancing energy consumption monitoring and establishing a carbon data tracking mechanism to improve overall energy management[161]. - The company actively participates in community volunteer services, with a total of 1,500 volunteer hours and 165 blood donations during the reporting period[163]. Corporate Governance - The board of directors consists of 10 members, including 2 executive directors and 4 independent non-executive directors, ensuring diverse expertise[85]. - The company adheres to corporate governance codes and has received annual confirmations of independence from all independent non-executive directors[84]. - The company emphasizes collaboration and shared growth as part of its corporate culture[81]. - The company has established internal regulations to avoid conflicts of interest and provides guidelines for actions to be taken in such cases[90]. Related Party Transactions - The company confirmed that all related party transactions were conducted under normal commercial terms and were fair and reasonable, aligning with shareholder interests[173]. - The company entered into a framework agreement with China Shipbuilding Group for continuous related party transactions from January 1, 2020, to December 31, 2022[173]. - The actual transaction amount for ship products, electromechanical equipment, and metal materials provided by the group to China Shipbuilding Group was CNY 22,956.85 million, accounting for 1.83% of the approved annual limit of CNY 267,354.00 million[174]. Employee and Management Structure - The company has a total of 7,504 employees, with 1,150 female employees, accounting for approximately 15% of the workforce[94]. - The company has a structured approach to evaluating the performance of its directors and senior management, ensuring alignment with market standards[121]. - The total pre-tax remuneration for senior management during the reporting period amounted to 7.241 million CNY[113]. - The company has a governance structure with a mix of executive and non-executive directors, ensuring diverse oversight[114]. Financial Management - The company has a plan for entrusted loans, with a total amount of RMB 10,000 million[188]. - The total amount of guarantees provided by the company and its subsidiaries to subsidiaries during the reporting period was CNY 60 million, with a remaining balance of CNY 57.27714 million at the end of the period[183]. - The company has confirmed that all entrusted financial management processes have followed legal procedures[184]. - The company’s asset-liability ratio as of December 31, 2022, was 59.66%[191].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立之股份有限公司） （H股股票代碼：00317） 截至2022年12月31日止年度業績公告 （財務摘要） 營業額： 人民幣12,795,124,917.87元 歸屬於本公司的權益持有者盈利： 人民幣688,391,027.99元 歸屬於本公司的權益持有者之每股盈利： 人民幣0.4870元 中船海洋與防務裝備股份有限公司（「本公司」、（「公司」）或「中船防務」）之董事（「董事」）會（「董事會」） 宣佈本公司及其附屬公司（統稱「本集團」）截至2022年12月31日止年度（「報告期」或「本年度」）按照中 國企業會計準則編製之經審核業績，以及與2021年同期的比較數字如下： 股息 根據《中船海洋與防務裝備股份有限公司章程》第二百一十五條，本公司的利潤分配政策為： （一）利潤分配原則 本公司實行連續、穩定的利潤分配政策，本公司的利潤分配應遵循法定順序分配的原則，並重 視對股東合理、穩定的投 ...