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 不對任何就因本公告全部或任何部份內容而產生或因倚賴該等內容而 引 致 的 任 何 損 失 承 擔 責 任。 （上 市 債 務 證 券 代 號：40686、40687和84570） 2024年度業績公告 本公司董事會欣然宣佈本公司及其附屬公司截至2024年12月31日 止 年 度 的 經 審 計 業 績。本 公 告 列 載 本 公 司2024年 年 報 全 文，並 符 合 香 港聯合交易所有限公司證券上市規則中有關年度業績初步公告附 載 的 資 料 的 要 求。本 公 司2024年年報將於2025年4月30日或之前刊載 於香港聯合交易所有限公司的網站www.hkex.com.hk及本公司的網站 http://www.crcc.cn。 重要提示 根據公司2024年度經審計財務報告，2024年年初母公司未分配利潤為44,765,270千元，加上本年度 母公司實現的淨利潤13,788,371千元，扣除2023年度現金分紅4,752,840千元，分 ...

Financial Performance - As of September 30, 2024, the company achieved operating revenue of RMB 758,125,120 thousand, a decrease of 5.99% compared to the same period last year[2]. - The net profit attributable to shareholders was RMB 15,695,439 thousand, reflecting a decline of 19.18% year-on-year[4]. - The basic earnings per share for the reporting period was RMB 1.02, down 20.93% compared to the previous year[4]. - The company reported a 34.27% decrease in net profit attributable to shareholders for the current period due to industry environment impacts[7]. - The diluted earnings per share decreased by 39.47% as a result of the decline in net profit attributable to shareholders[8]. - Total operating revenue for the first three quarters of 2024 was RMB 758,125,120, a decrease of 5.97% compared to RMB 806,463,195 in the same period of 2023[30]. - Net profit attributable to shareholders of the parent company was RMB 15,695,439, a decline of 19.00% from RMB 19,419,540 in the same period of 2023[32]. - The total comprehensive income for the first three quarters of 2024 was RMB 19,562,988, down from RMB 23,969,652 in the same period of 2023[33]. - Earnings per share for the first three quarters of 2024 were RMB 1.02, a decrease from RMB 1.29 in the same period of 2023[33]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,810,274,491 thousand, an increase of 8.85% from the end of the previous year[4]. - The company's total assets decreased, reflecting a strategic focus on cost management and efficiency improvements[30]. - Total liabilities amounted to RMB 1,390,869,852 thousand, up from RMB 1,245,899,805 thousand, representing an increase of around 11.6%[28]. - The company's equity attributable to shareholders rose to RMB 321,918,764 thousand from RMB 309,837,517 thousand, reflecting an increase of about 3.3%[29]. - Total current liabilities increased to RMB 1,090,821,011 thousand from RMB 998,052,441 thousand, indicating a rise of approximately 9.3%[27]. - Total liabilities and equity reached RMB 224,111,663 thousand as of September 30, 2024, compared to RMB 203,877,086 thousand at the end of 2023, marking an increase of 9.9%[45]. Cash Flow - The net cash flow from operating activities was RMB -89,018,002 thousand, indicating a significant cash outflow[4]. - Cash flow from operating activities for the first three quarters of 2024 showed a net outflow of ¥89,018,002, compared to a net outflow of ¥43,182,574 in the same period of 2023, indicating a decline in operational efficiency[36]. - The company reported a net cash inflow from operating activities of RMB 777,191,650, down from RMB 855,041,868 in the previous year[35]. - Cash inflow from operating activities totaled RMB 28,365,577 thousand in the first three quarters of 2024, compared to RMB 25,166,464 thousand in the same period of 2023, reflecting a growth of 8.8%[54]. - The net increase in cash and cash equivalents for the first three quarters of 2024 was a decrease of ¥10,008,511, compared to a decrease of ¥6,248,109 in 2023, highlighting cash flow challenges[40]. - Cash inflow from financing activities rose significantly to ¥383,085,296 in 2024, up from ¥232,655,865 in 2023, indicating increased borrowing and investment from shareholders[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is not specified, but the top 10 shareholders hold significant stakes, with China Railway Construction Group Co., Ltd. owning 51.23%[10]. - HKSCC Nominees Limited holds 2,061,398,182 shares, representing 15.18% of the total shares, indicating strong foreign investment interest[10]. - The top 10 unrestricted shareholders include China Railway Construction Group Co., Ltd. with 6,956,316,590 shares, which is the largest single holding[13]. - The report indicates that HKSCC Nominees Limited's holdings represent multiple clients, highlighting the complexity of shareholder structures[16]. - The company does not have knowledge of any relationships or concerted actions among the top 10 unrestricted shareholders and the top 10 shareholders[15]. Contractual Performance - The total amount of new contracts signed by the group from the beginning of the year to the end of the reporting period is 1,473.4267 billion RMB, achieving 49.10% of the annual plan, a year-on-year decrease of 17.51%[18]. - The amount of new contracts signed in the domestic business is 1,368.1329 billion RMB, accounting for 92.85% of the total new contracts, with a year-on-year decrease of 18.03%[18]. - The amount of new contracts signed in the overseas business is 105.2938 billion RMB, accounting for 7.15% of the total new contracts, with a year-on-year decrease of 10.12%[18]. - The total amount of uncompleted contracts as of September 30, 2024, is 7,087.3736 billion RMB, an increase of 5.94% compared to the end of the previous year[18]. - The new contract amount in the engineering contracting industry is 1,040.7306 billion RMB, with a year-on-year decrease of 13.84%[19]. - The new contract amount in the investment operation industry is 72.8775 billion RMB, with a significant year-on-year decrease of 65.60%[19]. - The new contract amount in the green environmental protection industry is 125.1958 billion RMB, showing a year-on-year increase of 43.05%[19]. - The new contract amount in the infrastructure construction projects is 1,238.8039 billion RMB, accounting for 84.08% of the total new contracts, with a year-on-year decrease of 17.81%[20]. - The new contract amount in the water conservancy and water transport engineering is 73.0162 billion RMB, with a year-on-year increase of 38.58%[21]. Management and Governance - The company has undergone changes in its board of directors, with the resignation of executive directors due to work adjustments, impacting management structure[22][24].

PRE 中国铁建 中 國 鐵 建 股 份 有 限 公 司 China Railway Construction Corporation Limited (於中華人民共和國註冊成立的股份有限公司) 股份代號：1186 未出席董事職務 未出席董事姓名 未出席董事的原因說明 被委託人姓名 總裁、黨委副書記、執行董事 王立新 因其他公務未出席本次會議 戴和根 重要提示 一. 本公司董事會、監事會及董事、監事、高級管理人員保證半年度報告內容的真實性、準確性、完整性，不存在 虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二. 未出席董事情況 三. 本半年度報告未經審計。 四. 公司負責人戴和根、主管會計工作負責人朱宏標及會計機構負責人（會計主管人員）王磊聲明：保證半年度報告 中財務報告的真實、準確、完整。 五. 董事會決議通過的本報告期利潤分配預案或公積金轉增股本預案 無 六. 前瞻性陳述的風險聲明 ✓ 適用 不適用 本報告中所涉及未來經營計劃等前瞻性陳述不構成公司對投資者的實質承諾，投資者及相關人士均應當對此保 持足夠的風險認識，並且應當理解計劃、預測與承諾之間的差異。敬請投資者注意投資風險。 七. 是 ...

Financial Performance - The company reported unaudited interim results for the six months ended June 30, 2024[2]. - The financial report is prepared in accordance with the Chinese Accounting Standards and has been reviewed by Deloitte[3]. - The company has not proposed any profit distribution or capital reserve transfer to increase share capital for the reporting period[3]. - Operating revenue for the first half of the year was RMB 516,136,718, a decrease of 4.61% compared to the same period last year[10]. - Net profit attributable to shareholders was RMB 11,902,158, down 12.80% year-on-year[10]. - Net profit after deducting non-recurring gains and losses was RMB 11,150,727, a decline of 13.54% compared to the previous year[10]. - Basic and diluted earnings per share were both RMB 0.79, representing a decrease of 13.19% from the same period last year[12]. - Weighted average return on net assets was 4.19%, down 1.04 percentage points year-on-year[12]. - Total assets increased to RMB 1,745,841,521, reflecting a growth of 4.98% compared to the end of the previous year[10]. - Net assets attributable to shareholders rose to RMB 316,594,267, an increase of 2.18% year-on-year[10]. - The net cash flow from operating activities was RMB -81,676,283, indicating a significant cash outflow[10]. - The company achieved a net cash flow from financing activities of RMB 95.33 billion, an increase of 56.44% from RMB 60.94 billion year-on-year[46]. Risk Management - There are no significant risks related to non-operational fund occupation by controlling shareholders or related parties[3]. - The company faces major risks including international operational management risks and project management risks[3]. - The report includes a section on management discussion and analysis, detailing potential risks faced by the company[3]. - The company is focusing on risk prevention and control, particularly in investment risk management, to adapt to the transition to high-quality economic development[101]. - The company is actively managing "two funds" risks (accounts receivable and inventory) by implementing targeted strategies and increasing penalties for non-compliance[101]. Corporate Governance - The company has maintained compliance with corporate governance codes and relevant regulations throughout the reporting period[113]. - The board's strategic and investment committee has been adjusted to consist of five members, with Dai Hegen as the chairman[106]. - The company has confirmed that all directors and supervisors complied with the securities trading standards during the reporting period[108]. - The company has established a long-term commitment to avoid competition with its subsidiaries[144]. - The company is in compliance with all regulatory requirements regarding significant related party transactions[148]. Strategic Initiatives - The company is focusing on high-quality development and has implemented 36 new institutional measures to enhance governance and operational efficiency[16]. - The company is committed to deepening reforms and improving governance effectiveness by clarifying the roles and responsibilities of the party committee, board of directors, and management[16]. - The company has implemented a "1256" medium to long-term development strategy, aiming to become a world-class modern enterprise and focusing on upgrading traditional construction and developing strategic emerging industries[103]. - The company is focusing on six transformations: high-end, intelligent, green, refined, digital, and international[103]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to enhance its competitive position[189]. Environmental and Social Responsibility - The company has set a carbon peak target before 2030 and implemented a "dual control management" strategy to manage energy consumption and carbon dioxide emissions[120]. - The company is committed to achieving high-quality sustainable development and contributing to national ecological civilization construction through its green development initiatives[117]. - In the first half of 2024, the company invested a total of 23.32 million yuan in poverty alleviation efforts, including 14.51 million yuan in non-repayable aid and 8.81 million yuan in repayable aid[123]. - The company has actively adjusted its energy usage structure to reduce reliance on high carbon-emission energy sources and promote the use of clean energy[120]. - The company is focusing on ecological restoration projects, including the ecological restoration of the Xihe Riverside in Wanquan, contributing to local tourism and environmental sustainability[127]. Investment and Contracts - In the first half of 2024, the total amount of new contracts signed by the company reached CNY 1,100.622 billion, with operating revenue of CNY 516.137 billion and total profit of CNY 17.861 billion[16]. - The total new contracts signed by the group in the first half of 2024 amounted to CNY 1,100.6217 billion, representing 36.67% of the annual plan and a year-on-year decrease of 19.02%[36]. - The engineering contracting sector signed new contracts worth CNY 792.8569 billion, down 17.49% year-on-year[38]. - The company has signed a contract for the Jeddah Center Development Company project with a contract amount of RMB 8.277 billion, expected to be completed in 1,362 days[172]. - The company has secured a contract for the construction of the new Weifang-Suqian high-speed railway (Jiangsu section) with a contract amount of RMB 3.048 billion, to be completed in 1,643 calendar days[170]. Shareholder Information - The company has a total of 13,579,541,500 shares issued, with the largest shareholder being China Railway Construction Group Co., Ltd., holding 51.23%[174]. - As of June 30, 2024, the total number of shareholders is 254,080, comprising 240,320 A-share shareholders and 13,760 H-share shareholders[175]. - The company has a total of 10 major shareholders, with the largest foreign shareholder being HKSCC Nominees Limited, holding 15.18%[177]. - The company has not reported any significant changes in the pledged or frozen shares held by HKSCC Nominees Limited[182]. - The company has not disclosed any new strategic investors or general corporations becoming major shareholders through new share placements[180]. Debt and Financing - The company is actively managing its debt portfolio to optimize interest expenses and improve financial stability[190]. - The total amount of guarantees provided by the company and its wholly-owned and controlling subsidiaries is RMB 83.774 billion, accounting for 26.46% of the company's net assets[167]. - The company reported a bond issuance with a total amount of 1,498,319 million and an interest rate of 4.98% for a duration of 5 years[188]. - The company has issued bonds aimed at professional investors, indicating a strategic focus on institutional funding[195]. - The company is exploring market expansion through new bond offerings to enhance liquidity and investor engagement[195].

Financial Performance - For the first quarter of 2024, the company achieved operating revenue of RMB 274,948,792 thousand, representing a year-on-year increase of 0.52%[3] - The net profit attributable to shareholders for the same period was RMB 6,025,004 thousand, reflecting a year-on-year growth of 1.98%[3] - The basic earnings per share for the first quarter was RMB 0.399, which is a 2.57% increase compared to the same period last year[3] - Operating profit for Q1 2024 was CNY 8,654,646, compared to CNY 8,443,459 in Q1 2023, marking an increase of approximately 2.49%[24] - Net profit for Q1 2024 reached CNY 7,092,243, compared to CNY 6,897,516 in Q1 2023, indicating an increase of about 2.81%[24] - Total profit for Q1 2024 was 435,722,000, compared to 872,181,000 in Q1 2023, reflecting a significant decline[37] - Comprehensive income for Q1 2024 totaled 456,106,000, compared to 697,435,000 in Q1 2023[38] Assets and Liabilities - The total assets at the end of the first quarter were RMB 1,709,108,441 thousand, an increase of 2.77% compared to the end of the previous year[3] - The total amount of uncompleted contracts as of March 31, 2024, is RMB 698.86212 billion, an increase of 4.47% compared to the end of the previous year[11] - The company's total current assets amounted to RMB 1,104,650,485 thousand, an increase from RMB 1,064,752,631 thousand as of December 31, 2023, reflecting a growth of approximately 3.5%[18] - The company's total non-current assets reached RMB 604,457,956 thousand as of March 31, 2024, compared to RMB 598,266,947 thousand at the end of 2023, indicating a growth of about 1.5%[19] - The total liabilities as of March 31, 2024, amounted to CNY 1,291,646,260, up from CNY 1,245,899,805 as of December 31, 2023, reflecting a growth of approximately 3.67%[22] - The company's short-term borrowings increased significantly to RMB 120,470,173 thousand as of March 31, 2024, compared to RMB 81,839,758 thousand at the end of 2023, marking an increase of about 47%[20] Shareholder Information - The company had a total of 258,109 common shareholders at the end of the reporting period[5] - The largest shareholder, China Railway Construction Group Co., Ltd., holds 51.23% of the shares[5] - The controlling shareholder, China Railway Construction Group, has completed a share buyback plan, acquiring 13,580,000 A-shares, which is 0.1% of the company's total share capital, for a total amount of RMB 106 million[17] Contracts and Business Segments - The total amount of new contracts signed from the beginning of the year to the end of the reporting period is RMB 550.6895 billion, achieving 18.35% of the annual plan, with a year-on-year growth of 2.05%[11] - Domestic business new contracts amount to RMB 516.7436 billion, accounting for 93.84% of the total new contracts, with a year-on-year growth of 1.46%[11] - The engineering contracting industry new contracts amount to RMB 4,101.120 billion, with a year-on-year growth of 3.12%[12] - The green environmental protection industry new contracts amount to RMB 276.795 billion, with a significant year-on-year growth of 36.70% due to the company's commitment to green development[12] - The real estate development industry new contracts amount to RMB 137.156 billion, showing a year-on-year decline of 31.85% due to the ongoing downturn in the real estate market[12] - The railway engineering new contracts amount to RMB 298.477 billion, reflecting a year-on-year decline of 43.26% due to reduced project bidding[13] - The water conservancy and water transport engineering new contracts amount to RMB 227.328 billion, with a year-on-year growth of 43.84% driven by national water network construction plans[14] - The total amount of new contracts in the infrastructure construction projects is RMB 4,841.569 billion, accounting for 87.92% of the total new contracts, with a year-on-year growth of 4.93%[13] Management Changes - The company appointed Dai Hegen as the new chairman and added him to the executive director team, with the changes effective from January 30, 2024[15] - The company is in the process of filling a vacancy in the supervisory board following the resignation of supervisor Liu Zhengchang, which was due to work relocation[16] - The strategic and investment committee of the board was restructured, with Dai Hegen serving as the chairman of the committee[15] Cash Flow and Investments - The net cash flow from operating activities was reported at RMB -46,593,910 thousand, which is not applicable for year-on-year comparison[3] - Cash inflow from operating activities for Q1 2024 was CNY 291,632,380, slightly higher than CNY 291,587,304 in Q1 2023, indicating a growth of approximately 0.02%[27] - The company reported a significant decrease in net cash flow, indicating potential challenges in operational efficiency and market conditions[40] - The company reported a net cash outflow from investing activities of CNY -13,670,662 in Q1 2024, an improvement from CNY -15,200,506 in Q1 2023[29] - Cash inflow from financing activities in Q1 2024 was CNY 107,716,826, compared to CNY 90,073,623 in Q1 2023, indicating a 19.6% increase[29]

Financial Performance - The company's net profit for 2023 was RMB 11,679,665 thousand, with a cash dividend of RMB 3.50 per 10 shares, totaling RMB 4,752,840 thousand, accounting for 20.18% of the distributable profit[3] - Revenue for 2023 reached 1,137,993,486 thousand RMB, a 3.80% increase compared to 2022[20] - Net profit attributable to shareholders of the listed company in 2023 was 26,096,971 thousand RMB, a decrease of 2.19% compared to 2022[20] - Net cash flow from operating activities in 2023 was 20,412,048 thousand RMB, a significant decrease of 63.64% compared to 2022[20] - Total assets at the end of 2023 were 1,663,019,578 thousand RMB, an increase of 9.13% compared to 2022[20] - The company's net assets attributable to shareholders of the listed company increased by 6.69% to 309,837,517 thousand RMB in 2023[20] - Basic earnings per share decreased by 1.70% to 1.73 yuan per share in 2023 compared to 1.76 yuan per share in 2022[22] - Diluted earnings per share also decreased by 1.70% to 1.73 yuan per share in 2023 compared to 1.76 yuan per share in 2022[22] - Weighted average return on equity decreased by 1.27 percentage points to 9.80% in 2023 from 11.07% in 2022[22] - Operating revenue for Q4 2023 was 331,530,291 thousand yuan, the highest among all quarters in 2023[24] - Net profit attributable to shareholders in Q4 2023 was 6,677,431 thousand yuan, showing a recovery from Q3's 5,770,930 thousand yuan[24] - Net cash flow from operating activities in Q4 2023 was 63,594,622 thousand yuan, a significant improvement from Q3's -23,839,597 thousand yuan[24] - Non-recurring gains and losses in 2023 totaled 1,516,529 thousand yuan, a decrease from 2,553,353 thousand yuan in 2022[27] - Government subsidies in 2023 amounted to 880,303 thousand yuan, slightly lower than 931,515 thousand yuan in 2022[25] - The fair value of other equity instrument investments increased by 635,520 thousand yuan in 2023, contributing 116,607 thousand yuan to current profits[29] - Total assets measured at fair value increased by 3,789,735 thousand yuan in 2023, reaching 39,294,928 thousand yuan[29] - The company achieved a total new contract value of 3,293.87 billion yuan, a year-on-year increase of 1.51%[33] - The company's operating income reached 1,137.9935 billion yuan, a year-on-year increase of 3.80%[33] - The company's net profit was 32.3287 billion yuan, a year-on-year increase of 1.68%[33] - The company's total profit was 38.8282 billion yuan, a year-on-year increase of 2.65%[33] - The company's net profit attributable to shareholders of the listed company was 26.097 billion yuan, a year-on-year decrease of 2.19%[33] - The company's net assets attributable to shareholders of the listed company were 309.8375 billion yuan, a year-on-year increase of 6.69%[33] - Revenue increased by 3.80% to RMB 1,137,993,486 thousand, driven by growth in engineering contracting and real estate businesses[77][79] - Operating costs rose by 3.44% to RMB 1,019,683,082 thousand, primarily due to increased costs in engineering contracting and real estate businesses[77][79] - R&D expenses grew by 6.88% to RMB 26,725,454 thousand, reflecting increased investment in research and development[77][79] - Engineering contracting business revenue increased by 2.34% to RMB 987,324,503 thousand, with a gross margin improvement of 0.26 percentage points to 8.87%[81][85] - Real estate development business revenue surged by 33.76% to RMB 83,271,759 thousand, though the gross margin decreased by 1.79 percentage points to 12.21%[81][79] - Domestic revenue accounted for RMB 1,077,683,620 thousand, a 3.40% increase, with a gross margin improvement of 0.38 percentage points to 10.59%[83] - Overseas revenue grew by 11.52% to RMB 60,309,866 thousand, but the gross margin decreased by 0.86 percentage points to 6.87%[83] - Planning and design consulting business revenue declined by 7.60% to RMB 18,753,979 thousand, but the gross margin improved by 7.41 percentage points to 43.27%[81][86] - Industrial manufacturing business revenue decreased by 2.96% to RMB 23,999,340 thousand, with a gross margin decline of 0.46 percentage points to 22.10%[81][87] - Cash flow from financing activities increased by 31.56% to RMB 44,591,505 thousand, driven by higher borrowing[77][79] - Real estate development business revenue increased by 33.76% to 83.27 billion yuan, driven by increased project deliveries[89] - Real estate development business gross profit grew by 16.62% to 10.17 billion yuan, but gross margin decreased by 1.79 percentage points to 12.21%[89] - Logistics and other business revenue slightly increased by 0.38% to 95.87 billion yuan, with gross margin improving by 0.51 percentage points to 7.94%[90] - Total cost increased by 3.28% to 1.09 trillion yuan, with material costs accounting for 41.94% of total costs[92] - R&D expenses increased by 6.88% to 26.73 billion yuan, accounting for 2.35% of total revenue[97][101] - Sales expenses increased by 11.07% to 7.38 billion yuan due to increased business contracting efforts[97] - Financial expenses surged by 30.27% to 4.66 billion yuan, mainly due to increased interest expenses[97] - Capital expenditures increased by 16.82% to 35.3478 billion yuan, driven by engineering projects, equipment purchases, and technology upgrades[107] - Engineering contracting business revenue grew to 22.2978 billion yuan, up from 18.7312 billion yuan in 2022[108] - Operating cash flow decreased by 63.64% to 20.412 billion yuan, primarily due to increased payments for goods and services[109] - Investment cash flow showed a net outflow of 55.909 billion yuan, up by 2.635 billion yuan, mainly due to increased spending on fixed assets and long-term assets[109] - Financing cash flow increased by 31.56% to 44.591 billion yuan, driven by higher borrowing[109] - Monetary assets grew by 5.39% to 166.9578 billion yuan, accounting for 10.04% of total assets[114] - Long-term receivables surged by 36.38% to 109.859 billion yuan, reflecting increased long-term project receivables[114] - Short-term borrowings rose by 59.32% to 81.8397 billion yuan, mainly to supplement liquidity[115] - Accounts payable increased by 15.51% to 491.5672 billion yuan, representing 29.56% of total assets[115] - Long-term loans grew by 28.84% to 197.8269 billion yuan, reflecting increased borrowing activities[115] - Overseas assets accounted for 5.85% of total assets, amounting to 97,355,674 thousand RMB[119] - Total financial assets as of December 31, 2023, were 557,303,292 thousand RMB, including 14,802,423 thousand RMB in financial assets measured at fair value through other comprehensive income[121] - Accounts receivable increased by 14.5795 billion RMB from 141.2296 billion RMB in 2022 to 155.8091 billion RMB in 2023[125] - Accounts payable increased by 65.9983 billion RMB from 425.5689 billion RMB in 2022 to 491.5672 billion RMB in 2023, driven by business expansion[129] - Prepayments and other receivables decreased by 14.9091 billion RMB, a 15.94% drop from 93.5243 billion RMB in 2022 to 78.6152 billion RMB in 2023[131] - Short-term borrowings increased from 51,367,562 thousand RMB in 2022 to 81,839,758 thousand RMB in 2023, with credit loans being the largest component[133] - The company's provision for post-employment benefits decreased from 115.1 million RMB in 2022 to 87.1 million RMB in 2023[132] - The turnover days for accounts receivable decreased slightly from 54 days in 2022 to 53 days in 2023, while accounts payable turnover days increased from 146 days to 164 days[127] - Total long-term borrowings increased to 165,621,478 thousand RMB in 2023, up from 133,415,428 thousand RMB in 2022[137] - The company's leverage ratio remained stable at 67% in 2023, compared to 66% in 2022[139] - Total capital commitments and investment commitments amounted to 73,514,384 thousand RMB in 2023, slightly up from 72,116,117 thousand RMB in 2022[142] - The company completed 2,312 projects in 2023 with a total value of 580,794.47 million RMB, including 1,471 infrastructure projects worth 413,377.39 million RMB[146] - Domestic projects accounted for 53,464.836 million RMB of the total completed projects, while international projects contributed 46,146.11 million RMB[148] - The company had 11,337 ongoing projects in 2023 with a total value of 5,761,771.14 million RMB, including 6,786 infrastructure projects worth 4,059,518.70 million RMB[149] - Domestic ongoing projects accounted for 4,616,512.13 million RMB, while international ongoing projects contributed 1,145,259.01 million RMB[150] - The company signed 6,482 new projects in 2023 with a total value of 2,853,479.1 million RMB[150] - Total value of orders on hand at the end of the reporting period is 5,002.1 billion RMB, including 2,522.2 billion RMB for projects with signed contracts but not yet started, and 2,479.9 billion RMB for the unfinished portion of ongoing projects[152] - Engineering contracting business revenue in 2023 is 987.32 billion RMB, accounting for 86.76% of the company's total revenue[153] - Infrastructure engineering revenue in 2023 is 600.15 billion RMB, accounting for 52.74% of the company's total revenue[153] - Housing construction revenue in 2023 is 250.73 billion RMB, accounting for 22.03% of the company's total revenue[153] - Total operating revenue in 2023 is 1,137.99 billion RMB[153] - Engineering contracting business cost in 2023 is 899.71 billion RMB, accounting for 88.23% of the company's total operating cost[154] - Infrastructure engineering cost in 2023 is 549.20 billion RMB, accounting for 53.86% of the company's total operating cost[154] - Housing construction cost in 2023 is 227.11 billion RMB, accounting for 22.27% of the company's total operating cost[154] - Total operating cost in 2023 is 1,019.68 billion RMB[154] - The company has a total of 2,718 construction enterprise qualifications, including 100 top-level general contracting qualifications and 429 first-level qualifications[152] - The company acquired 39 land parcels in 21 cities including Shanghai, Xi'an, Chengdu, Guangzhou, and Hefei, with a total equity buildable area of 4.7364 million square meters and a total equity land price of 58.408 billion yuan, with an average premium rate of 6.58%[160] - 92% of the acquired land parcels are located in first- and second-tier cities[160] - The company has 505 development projects in 95 domestic cities, with a total land area of 41.4171 million square meters and a total planned construction area of 131.6382 million square meters[160] - The company completed real estate development investments of 82.408 billion yuan, with the Yangtze River Delta region accounting for 46.25% (38.122 billion yuan) and the Southwest region accounting for 25.31% (20.858 billion yuan)[163] - The total investment in real estate development projects is 129.27823 billion yuan, with actual investment during the reporting period of 8.240844 billion yuan[164] - The Yangtze River Delta region has the largest planned buildable area of 22.5144 million square meters and the largest total construction area of 30.7278 million square meters[164] - The Southwest region has the largest land area for projects at 13.2637 million square meters[164] - The company holds 7.557838 million square meters of land for development, with a planned buildable area of 17.269957 million square meters[161] - The company's real estate development projects do not include primary land consolidation[161] - The area involved in cooperative development projects is 7.72574 million square meters[161] - The company achieved a total sales amount of 121.395 billion yuan and a sales area of 7,490,200 square meters during the reporting period, with a结转收入 of 83.272 billion yuan and a结转面积 of 5,726,882 square meters[171] - The Yangtze River Delta region had the highest sales amount of 45.266 billion yuan and a sales area of 2,009,700 square meters, with an average selling price of 22,524 yuan per square meter[172] - The Southwest region had a sales amount of 37.541 billion yuan and a sales area of 2,322,800 square meters, with an average selling price of 16,162 yuan per square meter[172] - The Bohai Rim region had a sales amount of 17.069 billion yuan and a sales area of 1,653,700 square meters, with an average selling price of 10,322 yuan per square meter[172] - The Pearl River Delta region had a sales amount of 15.583 billion yuan and a sales area of 1,101,600 square meters, with an average selling price of 14,146 yuan per square meter[172] - Other regions had a sales amount of 5.934 billion yuan and a sales area of 402,300 square meters, with an average selling price of 14,753 yuan per square meter[172] - The total available for sale area across all regions was 128.3914 million square meters, with a total sales amount of 121.394 billion yuan and a total结转面积 of 5,726,882 square meters[172] - The company's total待结转面积 at the end of the reporting period was 291.587 million square meters[171] - The company's total rental income from real estate in 2023 was RMB 190 million, accounting for 0.23% of the real estate sector's revenue[177] - The company's long-term equity investment balance at the end of 2023 was RMB 149.3276 billion, an increase of RMB 21.2932 billion (16.63%) compared to the beginning of the year[181] - The company's investment in joint ventures increased by RMB 9.1295 billion (16.35%) to RMB 64.9611 billion in 2023[181] - The company's investment in associates increased by RMB 12.1636 billion (16.85%) to RMB 84.3664 billion in 2023[181] - The company's total financial assets measured at fair value at the end of 2023 were RMB 22.2196 billion, an increase of RMB 3.5392 billion compared to the beginning of the year[182] - The company's stock investments decreased by RMB 349,140 to RMB 2.5482 billion in 2023[182] - The company's bond investments increased by RMB 190,800 to RMB 5.1620 billion in 2023[182] - The company's private equity fund investments increased by RMB 2.4515 billion to RMB 6.1916 billion in 2023[182] - The company's other financial assets increased by RMB 1.2460 billion to RMB 8.3099 billion in 2023[182] - The company's investment in China Zhongwang (HK03969) resulted in a loss of 780 thousand yuan, with a current value of 57,169 thousand yuan and a cost of 136,128 thousand yuan[184] - China Nonferrous Mining (HK01258) investment yielded a profit of 7,272 thousand yuan, with a current value of 130,253 thousand yuan and a cost of 59,138 thousand yuan[184] - The investment in China Eastern Airlines (600115) incurred a loss of 31,449 thousand yuan, with a current value of 300,000 thousand yuan and a cost of 270,704 thousand yuan[184] - The investment in Times Electric (688187) generated a profit of 5,390 thousand yuan, with a current value of 534,786 thousand yuan and a cost of 9,800 thousand yuan[186] - The investment in Bank of Xi'an (600928) resulted in a profit of 37 thousand yuan, with a current value of 691 thousand yuan and a cost of 100 thousand yuan[186] - The investment in Lanzhou Bank (001227) yielded a profit of 8,757 thousand yuan, with a current value of 275,897 thousand yuan and a cost of 99,227 thousand yuan[186] - The investment in China Railway Construction Corporation (601186) generated a profit of 15,042

Financial Performance - The company reported a net profit of 11,679,665 thousand RMB for the year 2023, with a beginning retained earnings of 39,435,876 thousand RMB, resulting in a total distributable profit of 44,765,270 thousand RMB by year-end[4]. - In 2023, the company's operating revenue reached RMB 1,137,993,486, representing a 3.80% increase compared to RMB 1,096,312,867 in 2022[21]. - The net profit attributable to shareholders of the listed company was RMB 26,096,971, showing a decrease of 2.19% from RMB 26,680,796 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 24,580,442, an increase of 1.88% from RMB 24,127,443 in 2022[21]. - The net cash flow from operating activities decreased significantly by 63.64% to RMB 20,412,048 from RMB 56,134,952 in 2022[21]. - The net assets attributable to shareholders of the listed company increased by 6.69% to RMB 309,837,517 from RMB 290,398,039 in 2022[21]. - Total assets grew by 9.13% to RMB 1,663,019,578 compared to RMB 1,523,913,581 in the previous year[21]. - Basic earnings per share for 2023 decreased to CNY 1.73, down 1.70% from CNY 1.76 in 2022[23]. - The weighted average return on equity for 2023 was 9.80%, a decrease of 1.27 percentage points compared to 11.07% in 2022[23]. - The total profit reached CNY 38.83 billion, up 2.65% year-on-year, while net profit was CNY 32.33 billion, reflecting a 1.68% increase[34]. Dividend Distribution - A cash dividend of 3.50 RMB per 10 shares (including tax) will be distributed, totaling 4,752,840 thousand RMB, which accounts for 20.18% of the profit available for distribution to ordinary shareholders[4]. - The company has retained 40,012,430 thousand RMB in undistributed profits to be carried forward to the next fiscal year[4]. Compliance and Audit - The audit report issued by Deloitte Touche Tohmatsu Certified Public Accountants confirms a standard unqualified opinion on the financial statements[4]. - The financial report for 2023 was prepared in accordance with the Chinese Accounting Standards, ensuring compliance with the relevant listing rules of the Shanghai and Hong Kong stock exchanges[7]. - The company has ensured that all directors can guarantee the authenticity, accuracy, and completeness of the annual report[5]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks, including international management and project management risks[6]. - The company emphasizes risk prevention and management, aiming to maintain high-quality development while ensuring safety[33]. Research and Development - The company has accumulated 35,832 patents and received 87 national science and technology awards, indicating strong R&D capabilities[16]. - The company achieved a record of 6,831 newly authorized patents in 2023, including 2,008 invention patents, representing a 65% year-on-year increase[40]. - The company led five national key research and development projects and participated in five others, marking the highest number of projects undertaken in its history[40]. - Research and development expenses rose to RMB 26,725,454, marking a 6.88% increase from RMB 25,003,936 in the previous year[78]. Market Expansion and Strategy - The company operates in 143 countries and regions, showcasing its extensive market expansion efforts[16]. - The company aims to enhance its international operations through an "overseas priority" strategy, integrating its business planning with national strategies[33]. - The company aims to enhance its service quality and develop a "trustworthy world-class comprehensive construction industry group"[16]. - The company plans to enhance its planning and design consulting services by expanding into new industries such as smart transportation and green environmental protection[56]. Infrastructure and Investment - In 2023, the national fixed asset investment (excluding rural households) reached CNY 503,036 billion, with a year-on-year growth of 3.0%[48]. - Infrastructure investment grew by 8.24% year-on-year, with significant increases in the production and supply of electricity, heat, gas, and water[48]. - The company is focusing on urban renewal, village reconstruction, and new energy sectors to enhance its investment operations[58]. - The company is actively developing green environmental projects, which are expected to become a significant growth point[63]. Financial Services and Investments - The financial services platform includes various products such as insurance brokerage and supply chain finance, aiming to create a comprehensive financial ecosystem[64]. - The company reported a total of 1,085,636 thousand RMB in investment income for the reporting period[187]. - The company continues to utilize self-owned funds for its investments, ensuring a stable funding source for its financial activities[192]. Real Estate Development - The company achieved a total sales amount of RMB 121.395 billion, with a sales area of 7,490,200 square meters during the reporting period[172]. - The total area pending recognition at the end of the reporting period was 29,158,734 square meters[172]. - The company has a total of 12,839.14 million square meters available for sale across various regions[173]. - The company has focused on acquiring land in first and second-tier cities, with 36 out of 39 plots located in these areas, accounting for 92% of total acquisitions[161]. Subsidiaries and Contributions - China Railway Construction Corporation achieved a net profit of CNY 32.3287 billion in 2023, with a significant contribution from its subsidiary, China Railway Kunlun Investment Group, which reported a net profit of CNY 3.5799 billion[196]. - The total assets of China Railway Construction Financial Co. reached CNY 115.958 billion, with net assets of CNY 13.822 billion[196]. - The company maintains a diversified portfolio with significant subsidiaries in various sectors, including industrial manufacturing and financial services[197]. Future Outlook - The company plans to issue 3.9 trillion yuan in special bonds for local governments this year to support infrastructure construction[199]. - The government will continue to implement proactive fiscal policies and stable monetary policies to stimulate economic recovery in 2024[199]. - The overall trend for economic recovery remains positive despite uncertainties in the external environment[199].

Financial Performance - As of September 30, 2023, the company achieved operating revenue of RMB 806,463,195 thousand, representing a year-on-year increase of 1.01%[2] - The net profit attributable to shareholders for the third quarter was RMB 19,419,540 thousand, reflecting a year-on-year growth of 3.47%[4] - The basic earnings per share for the third quarter was RMB 1.29, an increase of 4.88% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2023 reached RMB 806,463,195 thousand, a slight increase from RMB 798,421,540 thousand in the same period of 2022, representing a growth of approximately 0.13%[29] - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was RMB 19,419,540 thousand, up from RMB 18,767,908 thousand in 2022, reflecting a growth of approximately 3.47%[32] - The company reported a net profit of RMB 23,402,347 thousand for the first three quarters of 2023, compared to RMB 22,267,760 thousand in the same period of 2022, marking an increase of about 5.12%[32] - The total comprehensive income attributable to the owners of the parent company for the first three quarters of 2023 was RMB 23,969,652 thousand, compared to RMB 22,998,160 thousand in 2022, indicating a growth of about 4.22%[34] - Basic earnings per share for the first three quarters of 2023 were RMB 1.29, compared to RMB 1.23 in 2022, reflecting an increase of approximately 4.88%[34] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 1,681,665,291 thousand, marking a 10.35% increase from the previous year[5] - The total liabilities as of September 30, 2023, were RMB 1,271,158,242, up from RMB 1,137,993,529 as of December 31, 2022[27] - The company's total equity attributable to shareholders increased to RMB 307,964,343 from RMB 290,398,039 year-over-year[27] - Total current assets amounted to RMB 1,113,426,775, an increase from RMB 1,010,052,178 as of December 31, 2022[24] - Total non-current assets increased to RMB 568,238,516 from RMB 513,861,403 year-over-year[25] - The company's total liabilities and equity as of September 30, 2023, amounted to RMB 1,681,665,291 thousand, up from RMB 1,523,913,581 thousand at the end of 2022, representing an increase of about 10.36%[28] Cash Flow - The company reported a net cash flow from operating activities of RMB -43,182,574 thousand, indicating a significant decrease compared to the previous year[4] - Operating cash inflow for the first three quarters of 2023 was CNY 855,041,868, an increase from CNY 829,093,657 in 2022, representing a growth of approximately 3.0%[37] - Cash outflow from operating activities totaled CNY 898,224,442 in 2023, compared to CNY 830,261,177 in 2022, resulting in a net cash flow from operating activities of CNY -43,182,574, a decline from CNY -1,167,520 in the previous year[38] - Cash inflow from investment activities was CNY 17,254,461 in 2023, slightly down from CNY 18,475,701 in 2022, while cash outflow from investment activities was CNY 57,120,921, down from CNY 64,068,763, leading to a net cash flow from investment activities of CNY -39,866,460[40] - Total cash inflow from financing activities in 2023 was CNY 232,655,865, an increase from CNY 221,094,195 in 2022, with cash outflow totaling CNY 154,808,030, compared to CNY 141,990,724 in the previous year[40] Shareholder Information - The total number of common shareholders at the end of the reporting period was 257,834[8] - The top shareholder, China Railway Construction Group Co., Ltd., holds 6,942,736,590 shares, accounting for 51.13% of total shares[9] - HKSCC Nominees Limited, holding 2,061,159,832 shares, which is 15.18% of total shares[9] - The total number of shares held by the top ten unrestricted shareholders is 9,999,999,999, with China Railway Construction Group Co., Ltd. being the largest[11] - The company has no known relationships or concerted actions among the top ten unrestricted shareholders[12] Contracts and Business Operations - New contracts signed from the beginning of the year to the end of the reporting period totaled RMB 1,786.2026 billion, representing 53.96% of the annual plan, with a year-on-year decrease of 3.12%[14] - Domestic business new contracts amounted to RMB 1,669.0596 billion, accounting for 93.44% of total new contracts, with a year-on-year decrease of 1.44%[14] - The total uncompleted contract amount as of September 30, 2023, was RMB 7,010.1726 billion, an increase of 10.18% compared to the end of the previous year[14] - The overseas business new contracts signed were RMB 117.1430 billion, accounting for 6.56% of total new contracts, with a year-on-year decrease of 21.98%[14] Management Changes - The company appointed Wang Lixin as the new CEO following the resignation of the previous CEO due to age reasons[20] - The company also appointed Zhu Hongbiao as the new chief accountant after the previous chief accountant resigned for age-related reasons[20] - The company’s board approved the addition of Wang Lixin and Ni Zhen as executive directors during the shareholders' meeting[20] Regulatory Compliance - The company confirmed that the financial statements for the third quarter were not audited, ensuring transparency in reporting[3] - The company is committed to adhering to the accounting standards set by the China Securities Regulatory Commission for quarterly reports[2] - The company has implemented retrospective adjustments in accounting practices as per the new regulations effective from January 1, 2023[6] Research and Development - Research and development expenses for the first three quarters of 2023 were RMB 14,724,097 thousand, compared to RMB 14,047,694 thousand in 2022, indicating an increase of approximately 4.81%[29] - Research and development expenses rose significantly to RMB 17,901 thousand in the first three quarters of 2023, compared to RMB 5,660 thousand in the same period of 2022, marking an increase of 216.5%[50]

Financial Performance - The company reported a significant increase in revenue for the first half of 2023, with a total revenue of RMB 200 billion, representing a year-on-year growth of 15%[7]. - The net profit for the first half of 2023 reached RMB 10 billion, an increase of 12% compared to the same period last year[7]. - The company's operating revenue for the first half of 2023 was RMB 541,059,991 thousand, representing a slight increase of 0.10% compared to RMB 540,496,534 thousand in the same period last year[9]. - Net profit attributable to shareholders for the same period was RMB 13,648,610 thousand, up by 1.18% from RMB 13,490,009 thousand year-on-year[9]. - Basic earnings per share increased to RMB 0.91, reflecting a growth of 2.25% compared to RMB 0.89 in the previous year[12]. - The total assets of the company reached RMB 1,647,065,257 thousand, marking an 8.08% increase from RMB 1,523,913,581 thousand at the end of the previous year[10]. - The net assets attributable to shareholders rose to RMB 302,477,646 thousand, which is a 4.16% increase from RMB 290,398,039 thousand at the end of the last year[10]. - The company's operating costs decreased to RMB 492,871,297 thousand, down 0.16% compared to the same period last year[50]. - Total profit decreased by 18.04% to CNY 1,585.278 million compared to the previous year[60]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 20%, reaching a total of 5 million active users[7]. - The company plans to invest RMB 5 billion in new technology development and product innovation over the next two years[7]. - Future outlook includes a projected revenue growth of 10% for the second half of 2023, driven by increased market demand and expansion strategies[7]. - The company has identified international expansion as a key strategy, targeting markets in Southeast Asia and Europe[7]. - The company continues to focus on expanding its market presence and enhancing its operational efficiency through strategic initiatives[9]. Risk Management - Risk factors highlighted include international operational risks and cash flow management challenges, which the company is actively addressing[7]. - The group faces significant risks including international operational risks, project management risks, cash flow risks, safety risks, and investment risks[106]. - International operational risks have increased due to a complex global environment and regional conflicts, necessitating enhanced risk management measures[106]. - Project management risks are exacerbated by tightening global liquidity and a sluggish domestic real estate market, posing challenges to high-quality development[107]. - Cash flow risks are heightened by intense competition in the construction market and widespread funding shortages, impacting operational stability[108]. - The company emphasizes a comprehensive risk control system that integrates legal compliance and digital tools to enhance efficiency in risk management[110]. Investment and Contracts - The total new contracts signed by the company from the beginning of the year to the report date amounted to CNY 1,359.0749 billion, achieving 41.06% of the annual plan, with a year-on-year growth of 2.09%[39]. - Domestic business new contracts accounted for CNY 1,276.4206 billion, representing 93.92% of the total new contracts, with a year-on-year increase of 4.29%[39]. - The engineering contracting industry signed new contracts worth CNY 960.9102 billion, reflecting a year-on-year growth of 28.54%[42]. - The investment operation industry saw a significant decline, with new contracts of CNY 137.3263 billion, down 53.94% year-on-year due to reduced bidding for PPP projects[42]. - The company has established a long-term stable customer base and government relations, supporting its expansion into diverse business areas[34]. Environmental and Social Responsibility - The company has implemented a carbon peak action plan with a goal to peak carbon emissions by 2030, focusing on reducing high CO2 energy consumption and promoting clean energy usage[127]. - In the first half of 2023, China Railway Construction invested a total of 27 million RMB in poverty alleviation, including 15.69 million RMB in non-repayable funds and 11.31 million RMB in repayable funds[129]. - The company purchased agricultural products from poverty-stricken areas for 6.58 million RMB and assisted in selling these products for 1.63 million RMB[129]. - A total of 2.13 million RMB was introduced for poverty alleviation projects, with three new projects or enterprises established and eight rural cooperatives supported[129]. - The company aims to create a resource-saving and environmentally friendly enterprise, contributing to national ecological civilization construction[124]. Corporate Governance and Compliance - The company strictly adheres to corporate governance codes and relevant laws, continuously improving its governance structure[121]. - There were significant changes in the board of directors, with three key executives resigning due to age-related reasons[122]. - The company has not reported any significant changes in future development plans since the 2022 annual report[104]. - The company has not disclosed any other environmental information beyond what is required by law, focusing on compliance with environmental regulations[124]. Financial Transactions and Related Party Transactions - The company reported a total related party transaction amount of RMB 168,211 thousand for consulting services, accounting for 0.03% of similar transactions[146]. - The company incurred rental expenses of RMB 7,475 thousand with the controlling shareholder, representing 0.002% of similar transactions[146]. - The company provided RMB 250,000 thousand in funding to the controlling shareholder during the reporting period[152]. - The total amount of loans provided to the controlling shareholder was RMB 1,650,000 thousand, with a loan interest rate of 2.70%[156]. - The company has no significant impact on its operating results and financial position from related party transactions[152].

Financial Performance - The company reported unaudited interim results for the six months ended June 30, 2023[2]. - The financial report is prepared in accordance with the Chinese Accounting Standards and has been reviewed by Deloitte Huayong[3]. - The company did not propose any profit distribution or capital reserve transfer to increase share capital for the reporting period[3]. - The company's operating revenue for the first half of 2023 was CNY 541,059,991 thousand, representing a slight increase of 0.10% compared to CNY 540,496,534 thousand in the same period last year[10]. - Net profit attributable to shareholders for the same period was CNY 13,648,610 thousand, up by 1.18% from CNY 13,490,009 thousand year-on-year[10]. - Basic earnings per share for the first half of 2023 was CNY 0.91, reflecting a 2.25% increase compared to CNY 0.89 in the previous year[13]. - The company's total assets at the end of the reporting period reached CNY 1,647,065,257 thousand, an increase of 8.08% from CNY 1,523,913,581 thousand at the end of the previous year[11]. - Net assets attributable to shareholders increased to CNY 302,477,646 thousand, marking a growth of 4.16% from CNY 290,398,039 thousand at the end of the last year[11]. - The cash flow from operating activities generated a net profit of CNY 12,897,085 thousand, which is a 0.89% increase from CNY 12,783,010 thousand in the same period last year[10]. - The weighted average return on net assets after deducting non-recurring gains and losses was 5.23%, a decrease of 0.49 percentage points compared to the previous year[13]. - The company reported a net cash flow of CNY -19,342,977 thousand, which is not applicable for year-on-year comparison[10]. Risk Management - Major risks faced by the group include international operation risks, project management risks, cash flow risks, safety risks, and investment risks[3]. - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements in the report[3]. - The group faces increasing operational management risks due to a slowdown in capital turnover in certain industries and a continued downturn in the domestic real estate market[108]. - Cash flow risks are heightened by intense competition in the construction market and widespread funding shortages, which pose significant pressure on production operations[109]. - The group emphasizes a safety-first approach, aiming for a "zero accident" goal while enhancing safety management systems and training for frontline employees[110]. - Investment risks are prevalent due to large-scale real estate and PPP projects, with the group committed to preventing and mitigating major investment risks to ensure high-quality development[111]. - The group is focused on strengthening its risk control framework, utilizing digital tools for resource integration and information sharing to enhance overall risk management efficiency[111]. Market and Industry Trends - The engineering contracting industry remains at a historical high, with a focus on traditional infrastructure and new infrastructure projects such as data centers and 5G, supported by government policies[18]. - Fixed asset investment in China reached RMB 24,311.3 billion in the first half of 2023, with a year-on-year growth of 3.8%, while state-owned enterprises saw an 8.1% increase[21]. - The planning and design consulting sector is experiencing stable growth, with increasing demand for digital and intelligent transformation driven by technological advancements[19]. - The company aims to enhance its investment operations by focusing on traditional sectors like urban rail transit and expanding into emerging areas such as water resources and renewable energy[22]. - The company is actively exploring investment opportunities in cultural tourism, ecological agriculture, and mineral development to broaden its investment business[22]. Corporate Governance and Compliance - The interim report complies with the disclosure requirements of the Shanghai Stock Exchange and Hong Kong Stock Exchange[3]. - The company has maintained its information disclosure practices without any changes during the reporting period[9]. - The company strictly complies with the Corporate Governance Code and relevant regulations during the reporting period[122]. - The company has not faced any non-compliance issues or penalties related to its directors, supervisors, senior management, or controlling shareholders during the reporting period[142]. - The company has made commitments to avoid competition among its subsidiaries and to ensure compliance with trading regulations[141]. Environmental and Social Responsibility - The company has implemented a carbon peak action plan aiming for peak carbon emissions by 2030, with a "123456" green low-carbon development strategy[128]. - The company actively participates in rural revitalization efforts, providing support to 24 regions or villages with 47 stationed support personnel[129]. - The company emphasizes energy conservation and ecological environmental protection, establishing management measures and assessment criteria for environmental goals[127]. - The company has made significant efforts in environmental risk assessment and management to ensure sustainable development[127]. - In the first half of 2023, China Railway Construction invested a total of 27.0009 million yuan in poverty alleviation, including 15.6876 million yuan in non-repayable funds and 11.3133 million yuan in repayable funds[130]. Investment and Contracts - The company achieved sales revenue of CNY 53.37 billion in the real estate sector, ranking 16th among national real estate enterprises[24]. - The total new contracts signed by the company amounted to CNY 1,359.075 billion, achieving 41.06% of the annual target, with a year-on-year growth of 2.09%[40]. - Domestic business new contracts reached CNY 1,276.421 billion, accounting for 93.92% of the total new contracts, with a year-on-year increase of 4.29%[40]. - The total new contracts signed in the infrastructure construction sector amounted to RMB 1,168.158 billion, accounting for 85.95% of total new contracts, with a year-on-year growth of 3.41%[44]. - The engineering contracting industry reported new contracts of RMB 960.9102 billion, reflecting a year-on-year increase of 28.54%[43]. Related Party Transactions - The company has not reported any significant changes or deviations in the execution of related party transactions during the reporting period[148]. - The company provided funding to its controlling shareholder, China Railway Construction Group, amounting to RMB 250,000 thousand during the reporting period[153]. - The total amount of loans provided by the company to its controlling shareholder was RMB 1,650,000 thousand, with an interest rate of 2.70%[157]. - The company’s total related party debts at the end of the reporting period amounted to RMB 1,650,000 thousand[157]. - The company’s financial transactions with related parties included a maximum deposit interest rate range of 0.50%-2.85%[156]. Shareholder Information - The company has a total of 13,579,541,500 shares outstanding, with China Railway Construction Group holding 51.13% of the shares[175]. - As of June 30, 2023, the total number of shareholders is 268,827, comprising 254,737 A-share shareholders and 14,090 H-share shareholders[176]. - The major shareholder, China Railway Construction Group Co., Ltd., is the beneficial owner of 6,942,736,590 shares, representing 60.35% of the A-shares[183]. - The company does not have any stock options or restricted stock granted to directors, supervisors, or senior management as of the reporting period[184]. Bonds and Financing - The company issued bonds with a total amount of RMB 499,775,000, maturing in 2024, with an interest rate of 4.30%[186]. - The company has issued multiple bonds aimed at professional investors through the Shanghai Stock Exchange[192]. - The company is focused on professional investors for bond issuance, indicating a targeted investment strategy[198]. - The company is actively managing risks associated with bond trading and potential delisting[199].