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中国中冶(01618) - 2022 Q1 - 季度财报
2022-04-29 09:28
Financial Performance - The company's operating revenue for the first quarter reached RMB 118,026,827, representing a year-on-year increase of 25.00%[3] - Net profit attributable to shareholders of the listed company was RMB 2,681,072, reflecting a growth of 25.46% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,581,676, an increase of 27.69% year-on-year[3] - Basic earnings per share for the quarter was RMB 0.12, up by 20.00% from the previous year[3] - Total revenue for Q1 2022 reached RMB 118,026,827, a 25% increase from RMB 94,423,385 in Q1 2021[18] - Operating profit for Q1 2022 was RMB 7,291, a decrease from RMB 8,123 in Q1 2021[18] - Net profit attributable to shareholders for Q1 2022 was RMB 2,681,072, up from RMB 2,137,039 in Q1 2021, representing a 25.5% increase[19] - Total comprehensive income for Q1 2022 was 3,812,326, an increase from 3,014,708 in Q1 2021[45] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -14,542,276, indicating a significant cash outflow[3] - Cash flow from operating activities showed a net outflow of RMB 14,542,276 thousand in Q1 2022, compared to a net outflow of RMB 12,987,113 thousand in Q1 2021[23] - The net cash inflow from financing activities in Q1 2022 was RMB 30,200,770 thousand, significantly higher than RMB 5,519,334 thousand in Q1 2021[24] - Cash and cash equivalents at the end of Q1 2022 amounted to RMB 44,707,413 thousand, up from RMB 38,068,731 thousand at the end of Q1 2021[24] - The net increase in cash and cash equivalents for Q1 2022 was 13,490,589, a turnaround from a decrease of 4,096,571 in Q1 2021[49] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 583,639,494, a 7.39% increase from the end of the previous year[3] - As of March 31, 2022, the company's total current assets reached RMB 453.995 billion, up from RMB 412.316 billion as of December 31, 2021, indicating a growth of approximately 10.1%[14] - Total liabilities increased to RMB 429,146,864 as of March 31, 2022, up from RMB 392,082,388 at the end of 2021[16] - Long-term borrowings rose to RMB 28,104,587 as of March 31, 2022, compared to RMB 25,332,533 at the end of 2021[16] - The total amount of receivables financing decreased to RMB 10.572 billion from RMB 11.858 billion, a decline of about 10.8%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 424,620[5] - The largest shareholder, China Metallurgical Group Corporation, holds 49.18% of the shares[5] - The company reported a total of 10,190,955,300 shares held by China Metallurgical Group Corporation, representing a significant portion of the unlimited sale condition shares[7] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 2,842,123,951 shares, accounting for 13.71%[30] - The top ten shareholders include major entities such as China Petroleum & Natural Gas Group, holding 1,227,760,000 shares, which is a substantial stake in the company[7] Research and Development - Research and development expenses increased to RMB 2,627,098 in Q1 2022, compared to RMB 1,699,799 in Q1 2021, reflecting a 54.7% rise[18] Contracts and Business Growth - The company signed new contracts totaling RMB 319.114 billion in Q1 2022, representing a year-on-year increase of 13.74%, with engineering contracts amounting to RMB 310.5 billion[11] - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[36] Non-Operating Income - The company reported non-operating income of RMB 99,396 after accounting for various non-recurring gains and losses[4] - Non-operating income for the period amounted to RMB 99,396,000, with government subsidies contributing RMB 96,106,000[29]
中国中冶(01618) - 2021 - 年度财报
2022-04-26 08:46
Financial Performance - The net profit attributable to shareholders for 2021 was RMB 8,374,970 thousand, with an undistributed profit of RMB 5,846,248 thousand[5]. - The proposed cash dividend is RMB 0.78 per 10 shares, totaling RMB 1,616,442 thousand, which accounts for 19.30% of the net profit attributable to shareholders[5]. - The company reported a strong performance in 2021, achieving historical highs in operating results and quality of development[16]. - In 2021, the company achieved operating revenue of CNY 500.57 billion, a year-on-year increase of 25.11%[17]. - The total profit reached CNY 14.01 billion, up 17.58% year-on-year, while net profit attributable to the parent company was CNY 8.38 billion, reflecting a 6.52% increase[17]. - The total comprehensive income attributable to shareholders of the parent company for 2021 was RMB 8,582,033 thousand, compared to RMB 7,622,183 thousand in 2020, indicating an increase of about 12.6%[34]. - The company reported a total profit of RMB 14,012,179 thousand for 2021, which is an increase from RMB 11,917,270 thousand in 2020, representing a growth of approximately 17.5%[33]. - The basic earnings per share for 2021 was RMB 0.35, an increase of RMB 0.03 from RMB 0.32 in 2020[30]. - The cash flow from operating activities was RMB 176.40 billion, a decrease of RMB 10.39 billion (37.07%) from RMB 280.32 billion in 2020[29]. Business Challenges and Market Conditions - The company faced challenges due to the ongoing COVID-19 pandemic and complex international political and economic conditions, impacting procurement, production, and sales[6]. - The company’s business is influenced by national policies, particularly the "carbon peak and carbon neutrality" goals, which have led to increased carbon emission restrictions and a rational return to stable development in the real estate sector[6]. - In 2021, global mineral product prices experienced a significant rebound, affecting the company's operational performance[6]. - The real estate market is expected to stabilize with an average annual sales area of 1.34 billion square meters during the 14th Five-Year Plan, reflecting a shift from high growth to stable development[43]. - The company anticipates that urbanization will continue to drive demand in the real estate sector, particularly in old city renovations and affordable housing projects[43]. Strategic Initiatives and Future Plans - The company aims to enhance its business structure and market layout in response to changes in industry policies and market demand[6]. - The company plans to utilize the remaining undistributed profit of RMB 4,229,806 thousand for business development and future distributions[5]. - The company aims to enhance investment risk control, contract performance capabilities, and talent development in 2022[18]. - The company plans to optimize marketing quality and project incentive mechanisms while improving project profitability[18]. - The company is focusing on green, low-consumption, intelligent, and efficient goals in its R&D of new processes and technologies[51]. - The company is actively pursuing opportunities in green low-carbon projects and has secured several major construction projects[51]. - The company aims to optimize its industry and market layout while focusing on technological innovation to maintain steady growth in operations[41]. Research and Development - The company has accumulated over 40,000 valid patents, with more than 8,000 new effective patents added recently[20]. - Research and development expenses for 2021 were RMB 15,901,198 thousand, up from RMB 12,326,903 thousand in 2020, marking a significant increase of about 29%[33]. - The company initiated 62 major R&D projects under the "181 Plan," focusing on green development and intelligent manufacturing[84]. - The company is committed to a development strategy centered on high-end, diversified, small-batch, and high-yield production[79]. Operational Highlights - The company secured 10 major projects worth over CNY 10 billion each, reinforcing its market position as a leading metallurgical construction contractor[17]. - The company completed 6,786 projects during the reporting period, with a total value of RMB 55,707.528 million, including 6,627 domestic projects valued at RMB 54,356.775 million and 159 overseas projects valued at RMB 1,350.753 million[138]. - The company has 13,782 ongoing projects with a total value of RMB 406,582.625 million, including 4,896 in housing construction, 2,688 in infrastructure, and 4,387 in metallurgy[139]. - The company signed 2,675 new projects during the reporting period, each valued over RMB 50 million, totaling RMB 112,099.6 million[142]. Corporate Governance and Compliance - The company has maintained an A-level rating for information disclosure from the Shanghai Stock Exchange for five consecutive years[186]. - The board of directors established five specialized committees to enhance decision-making and governance efficiency[185]. - The company actively implemented the three-year reform action plan for state-owned enterprises, improving governance structures across subsidiaries[185]. - The company emphasized the importance of maintaining independence from its controlling shareholders in operations and governance[189]. Environmental and Social Responsibility - The company is committed to environmental protection and safety production, implementing strict regulations and training to prevent accidents and ensure compliance with ecological standards[172]. - The company has implemented energy-saving measures, focusing on reducing fossil fuel consumption and promoting clean energy alternatives[182]. - During the reporting period, the total donations made by the company were CNY 2.1846 million, including CNY 867.914 million allocated for poverty alleviation[178].
中国中冶(01618) - 2021 - 中期财报
2021-09-09 08:30
Economic Environment and Business Impact - The company reported a significant impact from the complex and severe international and domestic economic environment, with the COVID-19 pandemic leading to a deep recession and increased uncertainty affecting business operations [3]. - The company has faced increased uncertainty in external market conditions due to the COVID-19 pandemic, affecting its business operations and financial performance [3]. - The company emphasizes the importance of monitoring macroeconomic trends that may impact procurement, production, and sales activities [3]. - The company recognizes the macroeconomic risks affecting its main business, including the impact of external environments on small and medium enterprises, and plans to adjust its operational strategies accordingly [139]. Financial Performance - The company achieved operating revenue of 251.003 billion yuan, a year-on-year increase of 39.01% [14]. - Total profit reached 8.031 billion yuan, up 45.93% year-on-year, with net profit attributable to shareholders at 4.937 billion yuan, reflecting a 37.46% increase [14]. - The company's operating revenue for the first half of 2021 was CNY 251.00 billion, an increase of 39.01% compared to CNY 180.57 billion in the same period of 2020 [27]. - Net profit attributable to shareholders was CNY 4.94 billion, up 37.46% from CNY 3.59 billion in the previous year [27]. - The total assets as of June 30, 2021, reached CNY 557.59 billion, reflecting a 10.11% increase from CNY 506.39 billion at the end of 2020 [29]. - The total equity attributable to shareholders was CNY 101.20 billion, a 3.38% increase from CNY 97.89 billion at the end of the previous year [27]. - The net cash flow from operating activities was negative CNY 8.57 billion, compared to a positive CNY 1.41 billion in the same period last year [27]. - The company's total liabilities increased, reflecting ongoing investments and operational expansions [29]. Business Segments and Revenue Sources - The company is engaged in engineering contracting, real estate development, and equipment manufacturing, all of which are influenced by industry policies and market demand fluctuations [3]. - Engineering contracting business revenue reached RMB 231.257 billion, an increase of RMB 67.720 billion (41.41%) compared to RMB 163.537 billion in the first half of 2020 [30]. - Real estate development business revenue was RMB 11.326 billion, a decrease of RMB 1.785 billion (13.61%) from RMB 13.111 billion in the first half of 2020 [31]. - Equipment manufacturing business revenue amounted to RMB 6.065 billion, an increase of RMB 1.271 billion (26.51%) compared to RMB 4.794 billion in the first half of 2020 [31]. - Resource development business revenue was RMB 3.478 billion, an increase of RMB 1.999 billion (135.07%) from RMB 1.479 billion in the first half of 2020 [32]. Innovation and Technology Development - The company applied for 4,746 new patents and was granted 3,214 patents, bringing the total number of valid patents to 35,694 [14]. - The company has established 26 national-level technology innovation platforms and aims to strengthen its project management and digital transformation [16]. - The company plans to implement the "181 Plan" to promote the industrialization of core technologies [16]. - The company is committed to advancing green and low-carbon development in metallurgy, particularly in the scrap steel industry [14]. Risk Management and Control - The company emphasizes risk control in all business activities, particularly in financial management and overseas project risk prevention [16]. - The company faces risks related to the volatility of raw material prices, which can impact project costs and profitability [94]. - The company plans to enhance management efficiency and risk control through reforms and improved governance structures [97]. - The company will continue to optimize its financing structure and closely monitor exchange rate changes to manage foreign exchange risk effectively [143]. Environmental Responsibility and Sustainability - The company is committed to improving environmental protection and safety management, implementing measures to prevent safety incidents and enhance green development awareness [146]. - The company has implemented comprehensive air pollution control measures, including three sets of dust purification devices and three 20m high exhaust stacks for cutting dust, and three central dust purification systems for welding dust [179]. - The company is focused on energy recycling and waste resource utilization, particularly in the areas of waste gas treatment and solid waste recycling [184]. - The company has established low-carbon technology research institutes in Beijing, Chongqing, and Wuhan to enhance its leadership in low-carbon development within the steel industry [186]. Corporate Governance and Compliance - The board of directors has reviewed the corporate governance report and confirmed compliance with relevant regulations, except for one specific guideline [150]. - The company guarantees strict compliance with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, ensuring equal rights for all shareholders [191]. - The company's 2021 semi-annual financial statements were reviewed by Da Xin Accounting Firm but were not audited [194]. - There were no significant lawsuits or arbitration matters involving the company during the reporting period [195].
中国中冶(01618) - 2020 - 年度财报
2021-04-15 08:30
Financial Performance - The net profit attributable to shareholders for 2020 was RMB 7,862,185 thousand, with undistributed profits of RMB 2,090,245 thousand[4]. - The proposed cash dividend is RMB 0.75 per 10 shares, totaling RMB 1,554,271 thousand, which accounts for 19.77% of the net profit attributable to shareholders[4]. - In 2020, China Metallurgical Group achieved operating revenue of CNY 400.115 billion, a year-on-year increase of 18.15%[16]. - The total profit reached CNY 11.917 billion, up 21.83% year-on-year, with net profit attributable to shareholders at CNY 7.862 billion, reflecting a 19.13% increase[16]. - The net profit after deducting non-recurring gains and losses was RMB 7.17 billion, up 23.39% from RMB 5.81 billion in 2019[31]. - The net cash flow from operating activities increased significantly by 59.47% to RMB 28.03 billion, compared to RMB 17.58 billion in 2019[31]. - The company's net assets attributable to shareholders were RMB 97.89 billion, showing a slight decrease of 0.06% from RMB 97.95 billion in 2019[31]. - Basic earnings per share for 2020 were RMB 0.32, an increase of RMB 0.05 from RMB 0.27 in 2019[32]. - The weighted average return on net assets was 8.93%, up from 7.99% in the previous year, indicating improved profitability[32]. Business Operations and Market Environment - The company faces significant economic challenges due to the complex international and domestic economic environment, exacerbated by the COVID-19 pandemic[5]. - The company's business operations are influenced by industry policies and market demand fluctuations, particularly in engineering contracting, real estate development, and equipment manufacturing[5]. - The company emphasizes the importance of macroeconomic trends on procurement, production, and sales, which may lead to performance volatility[5]. - The company continues to focus on expanding its market presence and enhancing its operational efficiency through strategic initiatives[20]. - The company is positioned as a leader in metallurgical construction and aims to expand its influence in emerging industries, aligning with national development strategies[43]. Technological Innovation and R&D - The company plans to enhance its technological innovation capabilities and improve collaborative innovation mechanisms[17]. - The company has received 73 China Patent Awards since 2009, including three consecutive Gold Awards from 2015 to 2017[19]. - China Metallurgical Group holds 26 national-level R&D platforms and has published 50 international standards and 569 national standards[19]. - The company has established several national-level engineering technology centers for steel structures, enhancing its technical and industrial advantages[69]. - The company invested a total of RMB 13.3 billion in technology, accounting for 3.3% of total revenue, with R&D investment at RMB 12.4 billion, representing 3.1% of total revenue[82]. Contracts and Project Development - New contract value exceeded CNY 1 trillion for the first time, reaching CNY 1,019.728 billion, a growth of 29.47% year-on-year[16]. - The company signed new contracts exceeding RMB 1 trillion in 2020, indicating strong market engagement and growth potential[188]. - The revenue from engineering contracting business reached RMB 363.97 billion, accounting for 89.38% of total revenue, with a year-on-year growth of 16.72%[47]. - The company secured significant overseas contracts, including a 1.68 billion yuan contract for the CNI nickel project in Indonesia[52]. - The company completed 6,402 projects with a total value of 32,439,110 thousand RMB during the reporting period[145]. Financial Management and Governance - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[4]. - The company has not violated decision-making procedures in providing guarantees[4]. - The company has received a standard unqualified audit report from Da Xin Certified Public Accountants[4]. - The board of directors has confirmed the accuracy and completeness of the financial report[4]. - The company has established a strict mechanism for the use of raised funds from bond issuance, ensuring compliance with national laws and regulations[194]. Social Responsibility and Community Engagement - The company contributed RMB 8.42 million in poverty alleviation funds and completed over RMB 27 million in consumption poverty alleviation during the reporting period[88]. - The company donated RMB 4.47 million in anti-epidemic materials, receiving widespread praise for its social responsibility efforts[88]. Future Outlook and Strategic Goals - China Metallurgical Group aims to strengthen its core metallurgy business and expand into high-tech and emerging industries during the 14th Five-Year Plan[16]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[33]. - For 2021, the company plans to achieve an operating revenue of 415 billion yuan and a new contract signing amount of 1.2 trillion yuan[170]. - The company aims to enhance its brand influence in Southeast Asia through strategic project completions and collaborations[50]. - The company is committed to continuous innovation and development of new core technologies to enhance its competitive advantage in the global market[78].
中国中冶(01618) - 2020 - 中期财报
2020-09-09 08:33
Financial Performance - The company achieved operating revenue of CNY 180.57 billion, a year-on-year increase of 13.55%[12]. - Total profit reached CNY 5.50 billion, up 12.72% year-on-year, with net profit attributable to shareholders at CNY 3.59 billion, reflecting a 13.78% increase[12]. - The company's operating revenue for the first half of 2020 was CNY 180.57 billion, an increase of 13.55% compared to CNY 159.02 billion in the same period last year[23]. - Net profit attributable to shareholders was CNY 3.59 billion, up 13.78% from CNY 3.16 billion year-on-year[23]. - The total assets as of June 30, 2020, were CNY 488.71 billion, a 6.59% increase from CNY 458.51 billion at the end of 2019[25]. - The basic earnings per share increased to CNY 0.14 from CNY 0.13 in the same period last year[24]. - The total comprehensive income for the first half of 2020 was RMB 4,365,466, compared to RMB 3,775,662 in the same period of 2019, indicating an increase of 15.6%[30]. - The company reported a gross profit margin of approximately 4.1% for the first half of 2020, compared to 3.8% in the same period of 2019[29]. - The company achieved a basic earnings per share of RMB 0.14 for the first half of 2020, compared to RMB 0.13 in the same period of 2019[30]. Contracts and Projects - New contracts signed amounted to CNY 465.22 billion, representing a 21.96% year-on-year growth, with contracts over CNY 500 million increasing by 30.16% to CNY 268.93 billion[12]. - The company signed new engineering contracts worth CNY 449.562 billion, representing a year-on-year increase of 22.65%[36]. - The company secured major contracts including the total contracting for the green premium steel project at Zhongtian Steel, totaling CNY 7.2 billion[40]. - The company has won 279 PPP projects with a total investment of 652.037 billion RMB, covering various sectors including municipal engineering and transportation[47]. - The company has secured significant projects in the Beijing-Tianjin-Hebei region, including the renovation of old housing in Beijing and a hospital project in Tianjin[45]. - The company has ongoing projects in the Central and Chengdu-Chongqing city clusters, including urban reconstruction and highway construction[45]. - The company has a diverse portfolio of projects, with significant contracts in housing construction, totaling 47.5 billion RMB for the Cancer Hospital project and 40.4 billion RMB for Sichuan University[49]. Market and Economic Conditions - The company's revenue is primarily sourced from the domestic market, which is subject to fluctuations based on the macroeconomic environment, potentially impacting procurement, production, and sales[3]. - The company faces significant macroeconomic risks due to the impact of the COVID-19 pandemic, which has disrupted global recovery and increased operational challenges, particularly for small and medium-sized enterprises[130]. - The international financial landscape remains complex, with ongoing trade tensions and currency fluctuations, prompting the company to optimize its financing structure and manage foreign exchange risks[134]. - The non-steel engineering market is experiencing intensified competition, but the company is leveraging its traditional advantages to expand into high-end construction and municipal infrastructure, enhancing its market presence[132]. Compliance and Governance - The financial statements for the first half of 2020 were reviewed by Da Xin Accounting Firm, which issued an unqualified review report[2]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[2]. - There were no violations of regulatory decision-making procedures in providing guarantees to external parties[2]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements made in the report[2]. - The company has committed to strictly adhere to the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, ensuring equal rights and obligations for all shareholders[146]. - The company has established effective supervision and isolation mechanisms for the use of raised funds, ensuring they are not diverted for non-productive expenditures[147]. Research and Development - The company applied for 4,735 new patents and received 2,252 patents, bringing the total effective patents to 30,663[12]. - Research and development expenses for the first half of 2020 were RMB 4,127,934, an increase of 11.1% from RMB 3,716,817 in the first half of 2019[29]. - The company is focusing on integrating core technologies into its equipment manufacturing, leveraging advancements in 5G and AI[63]. - The company is leveraging its technical research institutes to enhance competitiveness in emerging industries, focusing on integrated services across the entire industry chain[53]. Environmental and Social Responsibility - The company is committed to enhancing ecological and environmental protection, actively implementing energy-saving and environmental protection laws and regulations[138]. - The company has established a comprehensive environmental management system, ensuring that all major pollutants meet discharge standards and achieve total reduction targets[171]. - The company has implemented a precise poverty alleviation plan, mobilizing internal resources to support designated poverty alleviation work, achieving positive results[168]. - The company has supported the construction of emergency medical facilities in Wuhan, including the rapid construction of Huoshenshan and Leishenshan hospitals[164]. Financial Management - The company plans to enhance management levels and risk control through reforms and improved governance, which may significantly impact future performance[88]. - The company is actively monitoring commodity prices and adjusting procurement strategies to control costs and improve operational efficiency amid market volatility[136]. - The company has established control over Zhuhai Hengqin Headquarters Building Development Co., Ltd. through its subsidiaries[163]. - The company has committed to using the funds raised from bond issues strictly for production and operational activities in compliance with national laws and regulations[147]. Shareholder Information - The total number of ordinary shareholders as of the reporting period end is 400,048[192]. - The largest shareholder, China Metallurgical Group Corporation, holds 10,190,955,300 shares, representing 49.18% of total shares[193]. - The total number of shares held by the top ten shareholders amounts to 14,453,000,000 shares, accounting for 71.09% of total shares[193]. - The company has not reported any strategic investors or general corporations becoming top shareholders through new share placements[198].
中国中冶(01618) - 2019 - 年度财报
2020-04-15 12:50
( 於中華人民共和國註冊成立的股份有限公司 ) 股份代號:1618 * 僅供識別 重要提示 一. 本公司董事會、監事會及董事、監事、高級管理人員保證年度報告內容的真實、準確、完整,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. 本公司於2020年3月31日召開第三屆董事會第十四次會議。公司全體董事出席董事會會議。 三. 德勤華永會計師事務所(特殊普通合夥)為本公司出具了無保留意見的審計報告。 四. 公司董事長、法定代表人國文清,副總裁、總會計師鄒宏英及副總會計師、計劃財務部部長范萬柱聲明:保 證年度報告中財務報告的真實、準確、完整。 五. 經董事會審議的報告期利潤分配預案或公積金轉增股本預案 2019年中國中冶經審計的合併報表歸屬於上市公司股東的淨利潤為6,599,712千元,中國中冶本部未分配利 潤為1,920,906千元。公司擬以總股本2,072,362萬股為基數,按每10股派發現金紅利人民幣0.72元(含稅), 共計現金分紅人民幣1,492,101千元,剩餘未分配利潤人民幣428,805千元用於公司經營發展及以後年度分 配。該方案擬定的現金分紅規模佔2019年度中國中冶合併報 ...
中国中冶(01618) - 2019 - 中期财报
2019-09-11 09:02
MED 中國冶金科工股份有限公司 METALLURGICAL CORPORATION OF CHINA LTD.* (於中華人民共和國註冊成立的股份有限公司) 股份代號:1618 2019 中 期 報 告 FECTLER STI * 僅供識別 重要提示 獨立董事 任旭東 因另有公務未能出席 陳嘉強 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、準確、完整,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. 本公司於2019年8月30日召開第三屆董事會第六次會議。本次會議應出席董事七名,實際出席董事六名,任 旭東董事因另有其他公務無法出席會議,在審閱議案材料後,以書面形式委託陳嘉強董事代為出席並表決。 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 三. 本公司2019年半年度財務報表已經德勤華永會計師事務所(特殊普通合夥)審閱,但未經審計。德勤華永會計 師事務所(特殊普通合夥)為本公司出具了無保留意見的審閱報告。 四. 公司董事長、法定代表人國文清,副總裁、總會計師鄒宏英及計劃財務部部長范萬柱聲明:保證半年度報告 中財務報告的真實、準 ...
中国中冶(01618) - 2018 - 年度财报
2019-04-11 09:09
Financial Performance - The net profit attributable to shareholders for 2018 was RMB 6,371,580 thousand, with undistributed profits of RMB 2,071,070 thousand[3]. - The proposed cash dividend is RMB 0.70 per 10 shares, totaling RMB 1,450,653 thousand, which accounts for 22.77% of the net profit attributable to shareholders[3]. - Operating revenue amounted to CNY 289.535 billion, reflecting an 18.66% year-on-year growth[14]. - Total profit reached CNY 9.524 billion, with a year-on-year increase of 6.13%[14]. - Net profit attributable to shareholders was CNY 6.372 billion, up 5.12% year-on-year[14]. - The company's operating revenue for 2018 was RMB 289.53 billion, an increase of RMB 45.54 billion (18.66%) compared to RMB 244.00 billion in 2017[23]. - The net profit attributable to shareholders for 2018 was RMB 6.37 billion, up RMB 0.31 billion (5.12%) from RMB 6.06 billion in 2017[26]. - The total comprehensive income for the current period was RMB 7,506,319 thousand, compared to RMB 6,538,093 thousand, indicating an increase of 14.8%[30]. - The company achieved operating revenue of 289,534,523 thousand RMB, representing a year-on-year growth of 18.66%[94]. - The total profit for the period was 9,524,444 thousand RMB, an increase of 6.13% compared to the previous year[94]. Business Segments - All four main business segments achieved profitability for the first time, with profits of CNY 5.038 billion from engineering contracting, CNY 4.151 billion from real estate development, CNY 0.096 billion from resource development, and CNY 0.337 billion from equipment manufacturing[14]. - The engineering contracting business generated revenue of RMB 258.33 billion, an increase of RMB 49.72 billion (23.83%) from RMB 208.61 billion in 2017[28]. - The real estate development business reported revenue of RMB 22.87 billion, a decrease of RMB 2.04 billion (8.20%) from RMB 24.91 billion in 2017[28]. - The equipment manufacturing segment reported a revenue of RMB 6,988,417 thousand in 2018, representing a year-on-year increase of 11.73% from RMB 6,254,959 thousand in 2017, with a gross margin of 12.02%[63]. - The resource development segment generated revenue of RMB 5,282,909 thousand in 2018, a decrease of 6.74% compared to RMB 5,664,790 thousand in 2017, while the gross margin improved to 33.17%, up by 4.58 percentage points[69]. Investments and Contracts - The total new contracts signed reached CNY 665.744 billion, a year-on-year increase of 10.06%[14]. - New contracts valued at over CNY 500 million totaled CNY 368.485 billion, a 15.81% increase year-on-year[14]. - The company signed new engineering contracts worth RMB 628.689 billion, a year-on-year increase of 13.11%, setting a new historical high[38]. - The company signed 65 new PPP projects with a total investment of RMB 106.293 billion, and won 47 new bids for PPP projects with a total investment of RMB 106.685 billion[46]. - The company has secured overseas projects including a 45.2 billion CNY contract for the Egypt-Manqai Textile Industrial Park and a 21.5 billion CNY contract for housing projects in Saudi Arabia[50]. Research and Development - Research and development expenses increased to RMB 7,182,666 thousand, compared to RMB 5,336,045 thousand in the previous period, marking a rise of 34.5%[29]. - The company holds over 25,340 effective patents, including 6,811 invention patents, and has been recognized as a national intellectual property demonstration enterprise[80]. - The company achieved a significant milestone by leading the acquisition of the National Science and Technology Progress Award (First Class) for the first time in its history, marking a historic breakthrough[76]. - The company actively promoted international standardization, establishing six professional technical standard research institutes and publishing ten national standards, enhancing its influence in national and international markets[81]. Risk Management and Compliance - The company emphasizes the importance of monitoring investment risks related to future plans and macroeconomic trends[3]. - There are no violations of decision-making procedures regarding external guarantees[3]. - The company has maintained compliance with relevant laws and regulations, with no significant legal liabilities reported during the period[91]. - The company has not faced any non-standard audit opinions from its accounting firm during the reporting period[180]. - The company has not encountered any unfulfilled commitments that would affect goodwill impairment testing during the reporting period[180]. Future Outlook and Strategy - The company aims to enhance its core competitiveness through upgrades in management, technology, and service, targeting a transformation into a world-class urban operator and engineering project lifecycle service provider[15]. - The company plans to focus on emerging industries such as energy conservation, environmental protection, and smart cities to increase its market share and brand effect[15]. - The company anticipates further opportunities for international cooperation in infrastructure construction and metallurgical engineering under the Belt and Road Initiative[37]. - The company is actively expanding into new markets and sectors, including PPP projects and urban infrastructure development, contributing to its sustainable growth[173]. - The company is committed to continuous R&D investment to improve innovation capabilities in key areas of metallurgical engineering[153]. Shareholder Returns - The cash dividend distribution policy aims for a minimum of 15% of the distributable profit to be allocated as cash dividends, barring special circumstances[169]. - The company has achieved continuous growth in cash dividends for five consecutive years, reflecting its stable development and commitment to shareholder returns[173]. - The independent directors support the dividend proposal, emphasizing its alignment with legal regulations and the long-term interests of shareholders[175]. - The company’s profit distribution policy prioritizes cash dividends while considering industry characteristics and major capital expenditure needs[168]. Related Party Transactions - The company has ongoing related transactions under the "Comprehensive Raw Materials, Products, and Services Supply Agreement" with China Minmetals Group, which is subject to regulatory oversight[188]. - The company’s independent non-executive directors confirmed that related party transactions were conducted under normal commercial terms and were fair and reasonable[193]. - The company reported a total of 11,775,496 in transactions during the reporting period, with no significant discrepancies noted by the auditors regarding pricing policies[194].