香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 2023年第三季度報告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條和第 13.10B條及香港法例第571章證券及期貨條例第XIVA部的內幕消息條文 而 發 表。 以下為中國冶金科工股份有限公司及其附屬公司2023年 第 三 季 度 報 告， 其 所 載 財 務 報 告 根 據 中 國 企 業 會 計 準 則 編 製，並 且 未 經 審 計。 承董事會命 中國冶金科工股份有限公司 王 震 聯席公司秘書 北 京，中 國 2023年10月26日 於 本 公 告 日 期，本 公 司 董 事 會 包 括 執 行 董 事：陳 建 光 先 生 及 張 孟 星 先 生； 非 執 行 董 事：郎 加 先 生 及 閆 愛 中 先 生（職 工 代 表 董 事）；以 及 獨 立 非 執 行 董 事：周 紀 昌 先 生、劉 力 先 生 及 吳 ...

Financial Performance - The company achieved operating revenue of RMB 334.459 billion, representing a year-on-year increase of 15.65%[11]. - Total profit reached RMB 9.899 billion, up 14.46% year-on-year, with net profit attributable to shareholders of RMB 7.218 billion, an increase of 22.90%[11]. - The company's operating revenue for the first half of 2023 reached CNY 334,458.86 million, representing a 15.65% increase compared to CNY 289,201.74 million in the same period last year[28]. - Net profit attributable to shareholders for the first half of 2023 was CNY 7,217.54 million, up 22.90% from CNY 5,872.87 million year-on-year[28]. - The company's total assets as of the end of the reporting period amounted to CNY 667,222.23 million, a 13.98% increase from CNY 585,392.83 million at the end of the previous year[28]. - The net assets attributable to shareholders increased to CNY 140,270.77 million, marking a 15.81% rise from CNY 121,116.26 million year-on-year[28]. - Basic earnings per share for the first half of 2023 were CNY 0.26, an 8.33% increase compared to CNY 0.24 in the same period last year[29]. - The weighted average return on net assets was 5.73%, up from 5.65% in the previous year[29]. Strategic Goals and Development - The company continues to focus on high-quality development, guided by Xi Jinping's thoughts on socialism with Chinese characteristics for a new era[11]. - The company is committed to its "One Creation, Two Bests, Five Strengths" strategic goals to enhance competitiveness and market position[11]. - The company aims to create a world-class enterprise with a focus on global competitiveness, implementing a three-year rolling plan for 2023-2025 and adjusting its "14th Five-Year Plan" goals[12]. - The company is focused on upgrading its business structure, with a core emphasis on metallurgical construction and expansion into infrastructure projects[42]. - The company aims to enhance its technological innovation and management efficiency to achieve its strategic goals amidst complex market conditions[42]. Market Presence and Contracts - New signed contracts amounted to RMB 721.891 billion, reflecting a year-on-year growth of 11.58%[11]. - The company has secured major contracts, including the largest project in the Yangtze New Area, contributing to increased market competitiveness and expanding its infrastructure business[13]. - The company is focused on expanding its market presence both domestically and internationally, with significant projects in Bangladesh, Indonesia, and Malaysia[13]. - In the first half of 2023, the company achieved a new signed engineering contract amount of RMB 697.991 billion, representing a year-on-year growth of 11.13%[42]. - The new signed overseas engineering contract amount was RMB 21.615 billion, with a year-on-year increase of 31.27%[42]. Research and Development - The company emphasizes technological innovation, with over 3,521 new patents granted in the first half of the year, bringing the total to over 48,000 effective patents[15]. - The company has 28 national-level R&D platforms and has won 88 China Patent Awards since 2009, showcasing its commitment to innovation[19]. - Research and development expenses for the first half of 2023 were RMB 9.09 billion, an increase from RMB 7.64 billion in the first half of 2022[31]. - The company reported a significant increase in R&D expenses, totaling CNY 9,089,092 thousand, up 18.99% from the previous year[93]. Financial Compliance and Audit - The financial statements have been reviewed by Ernst & Young Hua Ming, with an unqualified review report issued[1]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[2]. - The company has maintained compliance with decision-making procedures regarding external guarantees[2]. - The financial and audit committee reviewed the unaudited interim results for the six months ending June 30, 2023, confirming compliance with applicable accounting standards and legal requirements[153]. Environmental Responsibility - The company emphasizes environmental and safety management, implementing a comprehensive safety production responsibility system and enhancing environmental protection measures[144]. - The company processed a total of 283 million tons of wastewater during the reporting period, achieving a COD reduction of 65,200 tons and an ammonia nitrogen reduction of 7,500 tons[156]. - The company aims to improve its wastewater treatment standards in compliance with GB18918-2002 Level A standards[158]. - The company has implemented advanced wastewater treatment technologies, including SNCR and dual dust removal systems, to enhance emission control[171]. - The company has established real-time environmental monitoring systems for key polluting enterprises, ensuring compliance with local environmental regulations[186]. Risk Management - There are no significant risk events reported during the reporting period[2]. - The company faces macroeconomic risks due to the complex international environment and the slow recovery of the global economy, but it remains optimistic about China's long-term economic fundamentals[135]. - The company is focused on mitigating international operational risks by developing safety plans and enhancing local partnerships in various countries[143]. Corporate Governance - The company's governance structure has been enhanced, with the board of directors, supervisory board, and management effectively communicating and coordinating decision-making processes[147]. - The company continues to advance employee stock ownership plans and incentive measures in compliance with regulations[152]. - The company’s governance level has improved, laying a solid foundation for promoting development and enhancing shareholder value[147]. Subsidiary Performance - China Metallurgical Group Corporation's subsidiary, China Wuyi Group Co., Ltd., reported a net profit of RMB 1,428,243,000, contributing 10% or more to the consolidated net profit[132]. - The subsidiary Shanghai Baoye Group Co., Ltd. achieved a net profit of RMB 977,282,000, also contributing significantly to the overall performance[132]. - The total assets of China Wuyi Group Co., Ltd. reached RMB 65,769,312,000, indicating a strong asset base[132].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2023年 中 期 業 績 公 告 概 覽 本 公 司 於2023年6月30日 的 財 務 狀 況 及 截 至2023年6月30日 止 六 個 月 期 間的經營結果如下： • 營 業 收 入 為3,344.59億 元，較2022年 上 半 年 的2,892.02億 元 增 加452.57 億元（增幅15.65%）。 • 淨 利 潤 為86.79億 元，較2022年 上 半 年 的73.57億 元 增 加13.22億 元（增 幅17.98%）。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2023年 第 一 季 度 報 告 本 公 告 乃 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 第13.09條 和 第 13.10B條 及 香 港 法 例 第571章 證 券 及 期 貨 條 例 第XIVA部 的 內 幕 消 息 條 文 而發表。 以下為中國冶金科工股份有限公司及其附屬公司2023年第一季度報告， 其所載財務報告根據中國企業會計準則編製，並且未經審計。 承董事會命 中國冶金科工股份有限公司 王震 ...

Financial Performance - The company's operating revenue for Q1 2023 was RMB 144,452,637, representing a year-on-year increase of 22.39%[3] - Net profit attributable to shareholders for the same period was RMB 3,371,860, reflecting a growth of 25.77% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 3,284,546, an increase of 27.23% year-on-year[3] - The basic earnings per share for Q1 2023 was RMB 0.15, which is a 25.00% increase from the same period last year[3] - Total revenue for Q1 2023 reached RMB 144.45 billion, a 22.4% increase from RMB 118.03 billion in Q1 2022[18] - Operating profit for Q1 2023 was RMB 5.30 billion, compared to RMB 4.77 billion in Q1 2022, reflecting an increase of 11.1%[18] - Net profit attributable to shareholders for Q1 2023 was RMB 3.37 billion, up from RMB 2.68 billion in Q1 2022, representing a growth of 25.8%[19] - Net profit attributable to shareholders of the parent company was RMB 3,313,169 thousand, up from RMB 2,694,301 thousand, reflecting a growth of 22.9%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 636,185,289, marking an 8.68% increase from the end of the previous year[3] - Total assets increased to RMB 636.19 billion as of March 31, 2023, compared to RMB 585.38 billion at the end of 2022, marking an increase of 8.7%[16] - The company reported a total non-current asset value of RMB 148.61 billion as of March 31, 2023, compared to RMB 147.18 billion at the end of 2022, a slight increase of 1.0%[16] - The company’s total liabilities reached RMB 459.48 billion as of March 31, 2023, up from RMB 423.48 billion at the end of 2022, an increase of 8.5%[16] - Current liabilities rose to RMB 411.88 billion as of March 31, 2023, compared to RMB 385.84 billion at the end of 2022, an increase of 6.8%[16] - Long-term borrowings increased to RMB 36.25 billion in Q1 2023 from RMB 28.84 billion in Q4 2022, a rise of 25.5%[16] Shareholder Information - The company reported a total of 367,563 ordinary shareholders at the end of the reporting period[5] - The largest shareholder, Metallurgical Corporation of China Group Co., Ltd., holds 49.18% of the shares[6] - The company has a significant shareholder, China Metallurgical Group Corporation, holding 10,190,955,300 shares, representing a substantial portion of the total shares[8] - The top ten unrestricted shareholders collectively hold a significant number of shares, with each of the funds listed holding 63,516,600 shares[9] - The company has not disclosed any related party relationships or concerted actions among the top shareholders[9] Cash Flow - The net cash flow from operating activities was negative at RMB -21,557,680, indicating a significant cash outflow[3] - Cash inflow from operating activities totaled RMB 129,401,342 thousand, compared to RMB 127,856,582 thousand in the previous year, indicating a slight increase of 1.2%[23] - Net cash flow from operating activities was negative at RMB (21,557,680) thousand, worsening from RMB (14,542,276) thousand in Q1 2022[23] - Cash inflow from investment activities was RMB 746,948 thousand, significantly higher than RMB 355,573 thousand in Q1 2022[24] - Cash outflow from financing activities increased to RMB 59,121,734 thousand from RMB 20,280,935 thousand, marking a rise of 191.5%[25] - The company received cash from financing activities totaling RMB 94,871,687 thousand, a substantial increase from RMB 50,481,705 thousand in the previous year[24] Inventory and Receivables - The company's accounts receivable increased to RMB 103,165,386 thousand as of March 31, 2023, compared to RMB 93,439,673 thousand at the end of 2022, reflecting a growth of approximately 10.5%[14] - The company reported a total of RMB 86,189,818 thousand in inventory as of March 31, 2023, an increase from RMB 79,948,631 thousand at the end of 2022[14] - The company's contract assets increased to RMB 126,085,706 thousand as of March 31, 2023, compared to RMB 106,826,600 thousand at the end of 2022[14] Research and Development - Research and development expenses for Q1 2023 were RMB 2.81 billion, compared to RMB 2.63 billion in Q1 2022, indicating a growth of 7.1%[18] Financial Statements - The company’s financial statements for Q1 2023 are unaudited, indicating a preliminary assessment of financial performance[12]

Financial Performance - The net profit attributable to shareholders for 2022 was RMB 10,272,357 thousand, with undistributed profits of RMB 5,742,045 thousand[1]. - The proposed cash dividend is RMB 0.83 per 10 shares, totaling RMB 1,720,060 thousand, which accounts for 16.74% of the net profit attributable to shareholders[1]. - The company achieved operating revenue of RMB 592.67 billion, an increase of 18.40% compared to RMB 500.57 billion in 2021[46]. - The net profit attributable to shareholders of the listed company was RMB 10.27 billion, reflecting a growth of 22.66% from RMB 8.37 billion in the previous year[46]. - The net profit after deducting non-recurring gains and losses reached RMB 9.67 billion, up 37.48% from RMB 7.03 billion in 2021[46]. - The company's total assets at the end of 2022 amounted to RMB 585.38 billion, a 7.71% increase from RMB 543.47 billion in 2021[46]. - The net assets attributable to shareholders of the listed company were RMB 121.11 billion, representing a 12.66% increase from RMB 107.49 billion at the end of 2021[46]. - The basic earnings per share for 2022 was RMB 0.45, an increase of RMB 0.10 from RMB 0.35 in 2021[47]. - The weighted average return on net assets was 10.47%, up from 9.05% in the previous year[47]. Operational Highlights - The company has outlined a core technology initiative called the "181 Plan," focusing on advanced processes, green development, and smart manufacturing[6]. - The company reported no significant risk events during the reporting period, ensuring a stable operational environment[2]. - The company has maintained compliance with decision-making procedures and has not provided guarantees outside of regulations[2]. - The company has achieved a historical high in operating performance despite economic challenges, indicating robust growth and quality improvement[27]. - The report was audited by Ernst & Young Hua Ming, which issued a standard unqualified opinion[1]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[2]. Contract and Project Development - New signed contracts amounted to 1,343.574 billion yuan, an increase of 11.50% compared to the same period last year[28]. - New signed metallurgical contracts grew by 21.67% year-on-year, achieving a "grand slam" in major metallurgical projects[28]. - The company signed overseas engineering contracts worth RMB 41.405 billion, reflecting a year-on-year growth of 19.23%[77]. - The company achieved a new record in new signed contracts amounting to RMB 1,300.449 billion, representing a year-on-year growth of 12.03%[77]. - The company signed significant contracts in the housing construction sector, including the Nanyang Zhongjing Health Care Area project with a contract value of RMB 186.8 million[88]. Research and Development - The company applied for 12,020 new patents and was granted 8,963 new patents, bringing the total valid patents to 47,120[28]. - The company has 28 national-level R&D platforms and has published 63 international standards and 602 national standards[35]. - The company implemented 30 major R&D projects under the "181 Plan" and 20 significant R&D projects in non-steel sectors in 2022[123]. - The company achieved operating revenue of 592,669,072 thousand RMB, representing an 18.40% year-on-year growth[131]. - The total R&D investment accounted for 3.16% of operating revenue, with capitalized R&D expenses representing 0.09%[161]. Market and Economic Conditions - In 2022, China's GDP exceeded 121 trillion yuan, with fixed asset investment (excluding rural households) reaching 57.2138 trillion yuan, a year-on-year increase of 5.1%[63]. - The company anticipates that domestic fixed asset investment will exceed 10 trillion yuan in 2023, with unprecedented investment intensity[64]. - The steel industry is expected to face challenges such as overcapacity and insufficient iron ore resources in 2023, leading to an acceleration in mergers and acquisitions within the sector[198]. - The construction industry in China achieved a total output value of CNY 311,980 billion in 2022, reflecting a growth of 6.5%[199]. Safety and Compliance - The company conducted 73 safety inspections at headquarters level and 5,199 inspections at subsidiary levels throughout the year, emphasizing the importance of safety management[187]. - The company’s safety management system operated effectively, with no major safety incidents reported in 2022[186]. - The company received national-level honors for 21 projects as "Standardized Construction Safety Production Sites" during the reporting period[187]. Strategic Initiatives - The company aims to create a world-class enterprise with strong core competitiveness and reliable construction services[29]. - The company is committed to leading the metallurgical industry towards intelligent, green, low-carbon, and efficient development[34]. - The company plans to continue its strategy of market expansion and technological innovation to enhance its competitive position in the industry[62]. - The company aims to enhance management levels and operational efficiency to improve financial performance[141].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2022年 年 度 業 績 公 告 概 要 本公司於2022年12月31日的財務狀況及2022年的經營結果如下： • 營業收入為5,926.69億元，較2021年的5,005.72億元增加920.97億元（增 幅18.40%）。 • 淨 利 潤 為129.27億 元，較2021年 的116.07億 元 增 加13.20億 元（增 幅 11.37%）。 • 歸 屬 上 市 公 司 股 東 淨 利 潤 為102.72億 元，較2021年 的83.75億 元 增 加 ...

Financial Performance - The company's operating revenue for the third quarter reached RMB 107,842,179 thousand, representing a year-on-year increase of 9.50%[3] - Net profit attributable to shareholders was RMB 840,342 thousand, showing a decrease of 29.43% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was RMB 985,772 thousand, down 13.20% year-on-year[3] - The company reported a basic earnings per share of RMB 0.04, a decrease of 20.00% compared to the same period last year[3] - The weighted average return on net assets was 0.95%, a decrease of 0.20 percentage points compared to the previous year[3] - The company reported a net loss of 145,430,000 for the current period, compared to a profit of 107,057,000 in the previous period[5] - Total comprehensive income for the first three quarters of 2022 was 9,927,104, compared to 8,355,014 in 2021, indicating a growth of 18.8%[22] - The net income attributable to the parent company was RMB 7,566,750 thousand, up 27.5% from RMB 5,939,288 thousand in the same period last year[63] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 630,247,816 thousand, reflecting a year-on-year increase of 15.97%[3] - The net assets attributable to shareholders of the listed company were RMB 112,496,583 thousand, an increase of 4.65% compared to the previous year[3] - Total liabilities as of September 30, 2022, were RMB 473.000 billion, compared to RMB 392.082 billion at the end of 2021[18] - The company's total assets reached RMB 630.248 billion, an increase from RMB 543.470 billion year-on-year[18] - The total liabilities increased to RMB 87,079,245 thousand as of September 30, 2022, compared to 75,286,539 thousand at the end of 2021, reflecting a rise of 15.5%[32] - The company's total equity decreased to 88,838,559 thousand RMB as of September 30, 2022, down from 90,899,187 thousand RMB at the end of 2021, reflecting a decline of 2.3%[33] Cash Flow - The company generated a net cash flow from operating activities of RMB (1,569,564) thousand, indicating a negative cash flow situation[3] - The company reported a net cash flow from operating activities of (1,569,564) for the first three quarters of 2022, an improvement from (2,035,781) in 2021[25] - Cash inflows from operating activities totaled RMB 393,023,840 thousand, compared to RMB 336,802,250 thousand in 2021, marking a 16.6% increase[66] - The net cash flow from operating activities was negative RMB 1,569,564 thousand, an improvement from negative RMB 2,035,781 thousand in the previous year[66] - The net cash flow from investment activities was (8,708,655) thousand RMB, an improvement from (13,252,538) thousand RMB in 2021[39] - The net cash flow from financing activities was 5,925,410 thousand RMB, slightly down from 6,513,602 thousand RMB in 2021[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 404,391[6] - China Metallurgical Group Corporation holds 49.18% of the shares, amounting to 10,190,955,300 shares[7] - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning nearly half of the total shares[8] - The company has no preferred shareholders with restored voting rights[6] - The company has not identified any related party relationships or concerted actions among the top shareholders[11] Research and Development - Research and development expenses increased to 11,693,764, up 17.9% from 9,920,013 in the previous year[20] - The company plans to continue expanding its market presence and invest in new product development[44] Contract and Revenue Growth - The total new contracts signed in the first three quarters of 2022 amounted to RMB 935.274 billion, representing a year-on-year growth of 6.64%[13] - Total operating revenue for the first three quarters of 2022 reached 397,043,921, an increase of 13.6% compared to 349,487,686 in the same period of 2021[20]

Financial Performance - The company achieved operating revenue of RMB 289.202 billion, a year-on-year increase of 15.22%[29] - Total profit reached RMB 8.648 billion, up 7.69% year-on-year, with net profit attributable to shareholders of RMB 5.871 billion, an increase of 18.91%[29] - Operating revenue for the first half of 2022 was CNY 289.20 billion, an increase of 15.22% compared to CNY 251.00 billion in the same period last year[44] - Net profit attributable to shareholders was CNY 5.87 billion, up 18.91% from CNY 4.94 billion year-on-year[44] - The net profit after deducting non-recurring gains and losses reached CNY 5.62 billion, reflecting a significant increase of 31.91% from CNY 4.26 billion in the previous year[44] - Total assets as of June 30, 2022, amounted to CNY 610.29 billion, representing a 12.29% increase from CNY 543.47 billion at the end of the previous year[44] - The net assets attributable to shareholders were CNY 111.17 billion, an increase of 3.42% from CNY 107.49 billion year-on-year[44] - Basic earnings per share for the first half of 2022 were CNY 0.24, up from CNY 0.21 in the same period last year, marking a 14.29% increase[45] - The weighted average return on net assets was 5.65%, slightly up from 5.56% in the same period last year[45] Contracting and Project Management - New contracts signed amounted to RMB 647 billion, reflecting a year-on-year growth of 5.2%[29] - The company plans to focus on "market expansion" and "project management" as key strategies for the second half of the year[29] - The company aims to maintain its annual operational targets and ensure high-quality completion of all objectives[29] - The total new contracts signed in the first half of 2022 reached RMB 628.09 billion, a year-on-year increase of 6.15%, with non-metallurgical contracts accounting for 84.29% of the total[55] - The company signed significant contracts for major projects, including the Jiangsu Yonggang capacity replacement project and the Yukun Steel total package project, reinforcing its market position[57] - The company has achieved a historical high in new contract amounts during the reporting period, with significant projects including the urban renewal project in Cangzhou City valued at 11.97 billion yuan[63] Research and Development - The company applied for 4,992 new patents and was granted 4,323 patents, bringing the total number of valid patents to 43,775[29] - The company has accumulated 82 national patent awards and 55 national science and technology awards since 2000[29] - The company has established 27 national-level technology innovation platforms[29] - The company aims to enhance its project performance capabilities by strengthening project planning and management, and advancing project control platform construction and application[30] - The company is focusing on innovation and has initiated 50 major R&D projects under the "181 Plan," aimed at enhancing core technologies in metallurgical construction[57] Market Expansion and Strategy - The company is committed to expanding its market presence while ensuring contract quality and optimizing business structure and regional layout[30] - The company has expanded its influence in overseas markets, successfully signing contracts for metallurgical projects in Vietnam and India, among others[58] - The company continues to focus on the three major economic zones: Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area, prioritizing land acquisition in first-tier cities[71] Environmental and Safety Management - The company continues to implement the green development concept, focusing on environmental management and safety production standards[154] - The company has established various management measures to promote energy conservation and environmental protection, aligning with national requirements for energy-saving and environmental management[166] - The company is committed to enhancing its wastewater treatment capabilities through technological advancements and process improvements[172] - The company aims to comply with the pollutant discharge standards set by GB18918-2002 for all its wastewater treatment plants[172] - The company has implemented stringent monitoring protocols to ensure adherence to pollution control standards across its facilities[180] Financial Management and Risks - The company faces risks from macroeconomic conditions, including international and domestic economic trends, which may affect procurement, production, and sales[97] - The company is addressing commodity price risks by enhancing research on market trends and adjusting procurement and sales strategies to mitigate cost impacts[151] - The company recognizes environmental and safety production risks inherent in its operations across multiple sectors, necessitating high standards for safety and environmental management[153] Governance and Compliance - The governance structure has been strengthened, with the board of directors and management effectively communicating and coordinating decision-making processes[157] - The company held two shareholder meetings and six board meetings during the reporting period, adhering to legal and regulatory requirements[158] - The financial and audit committee reviewed the unaudited interim results for the six months ending June 30, 2022, and confirmed compliance with applicable accounting standards and legal requirements[165] Workforce and Talent Management - The company has a workforce of 60,000 engineering technicians, including 1 academician of the Chinese Academy of Engineering and 13 national engineering design masters[32] - The company focuses on building a fair and competitive environment for talent selection to enhance employee motivation and initiative[31] - The company aims to integrate party building work with production and operations to leverage political, organizational, and institutional advantages for development[31]

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]