Financial Performance - In 2024, the revenue was RMB 25.06 billion, a decrease of 25% compared to 2023[4] - In 2024, the net profit was RMB 1.59 billion, an increase of 1% compared to 2023[5] - The earnings per share for 2024 remained stable at RMB 0.10, unchanged from 2023[6] - The operating income for 2024 was RMB 25.06 billion, compared to RMB 33.49 billion in 2023[15] - The operating profit for 2024 was RMB 204.29 million, down from RMB 229.01 million in 2023[15] - The total comprehensive income for 2024 was RMB 163.25 million, an increase from RMB 39.20 million in 2023[18] - The company's main operating revenue for 2024 is RMB 25,058,949 thousand, down 25.2% from RMB 33,492,866 thousand in 2023[41] - The revenue from construction services in 2024 is RMB 15,452,299 thousand, a decrease of 24.9% from RMB 20,490,784 thousand in 2023[45] - In 2024, the total revenue decreased by approximately RMB 8.434 billion to RMB 25.059 billion, primarily due to a decline in the construction contracting segment's revenue by RMB 8.499 billion[76] Assets and Liabilities - As of December 31, 2024, total assets amounted to RMB 61.84 billion, down from RMB 64.89 billion in 2023[9] - Total liabilities as of December 31, 2024, were RMB 55.45 billion, a decrease from RMB 58.66 billion in 2023[12] - The company reported a decrease in contract assets from RMB 39.12 billion in 2023 to RMB 38.27 billion in 2024[9] - The long-term receivables amount to RMB 170,007 thousand for 2024, a decrease of 4.3% from RMB 177,569 thousand in 2023[32] - The total accounts payable for 2024 is RMB 32,346,648 thousand, a decrease of 6.2% from RMB 34,488,055 thousand in 2023[36] - As of December 31, 2024, cash and cash equivalents were approximately RMB 5 billion, down RMB 1.938 billion from the end of 2023[90] - Contract assets decreased to RMB 41.141 billion, down RMB 9.67 billion, primarily due to project settlement based on performance progress[98] - As of December 31, 2024, the carrying value of other equity instrument investments was RMB 531 million, a decrease of RMB 58 million from 2023, primarily due to fair value changes[99] - As of December 31, 2024, the group had interest-bearing borrowings of approximately RMB 6.056 billion, an increase from RMB 5.736 billion as of December 31, 2023[101] - Accounts payable as of December 31, 2024, amounted to RMB 32.347 billion, a decrease of RMB 2.141 billion (6%) compared to the end of 2023, mainly due to reduced procurement volume from decreased engineering work[101] Expenses and Costs - Research and development expenses for 2024 were RMB 121.20 million, down from RMB 148.14 million in 2023[15] - The total operating costs for 2024 amounted to RMB 24,220,003 thousand, a decrease of 25.2% compared to RMB 32,374,266 thousand in 2023[55] - Management expenses for 2024 were RMB 410 million, down RMB 118 million from 2023, mainly due to reduced salary costs[80] - R&D expenses decreased to RMB 121 million, a reduction of RMB 27 million, due to fewer new project initiations[81] Contracts and New Business - The new contract amount for 2024 was RMB 24.348 billion, down 23.8% from RMB 31.964 billion in 2023[65] - The uncompleted contract amount as of 2024 was RMB 52.724 billion, a decrease from RMB 59.849 billion in 2023[65] - The new contract amount from housing construction business in 2024 was RMB 14.310 billion, down from RMB 17.292 billion in 2023[68] - The new contract amount from infrastructure construction business in 2024 was RMB 4.548 billion, significantly lower than RMB 10.436 billion in 2023[70] - The new contract amount from professional and other construction engineering in 2024 was RMB 5.490 billion, an increase from RMB 4.236 billion in 2023[73] Tax and Dividends - The total tax payable for 2024 is RMB 882,346 thousand, a slight decrease from RMB 888,270 thousand in 2023[38] - The income tax expense for 2024 was RMB 44,552 thousand, a reduction of 35.5% from RMB 69,207 thousand in 2023[57] - The company plans not to declare any dividends for the year ending December 31, 2024[63] - The board recommended not to declare a final dividend for the year ended December 31, 2024[117] Management and Governance - The company’s management highlighted a focus on expanding its construction engineering contracting services in the residential and public utility sectors[65] - The company has adhered to all provisions of the Corporate Governance Code as of December 31, 2024, and has adopted the majority of the recommended best practices[120] - The company has appointed Ernst & Young Hua Ming as the auditor for the annual financial report under Chinese accounting standards for the year ending December 31, 2024[123] - The audit committee has reviewed the group's annual performance and the audited consolidated financial report prepared in accordance with Chinese accounting standards for the year ending December 31, 2024[124] Financial Ratios - The current ratio and quick ratio both improved to 1.10 in 2024 from 1.00 in 2023[104] - The debt-to-equity ratio increased to 94.8% in 2024 from 92.1% in 2023[104] - The return on assets (ROA) improved to 0.3% in 2024 from 0.2% in 2023, while the return on equity (ROE) slightly decreased to 2.5% from 2.6%[104] Acquisitions - The company successfully acquired 51% of Zhongwei Construction for RMB 51.51 million, completed on April 7, 2024[106] Future Plans - The company plans to enhance market development capabilities in 2025, focusing on regional and industry-specific strategies, particularly in Hebei province[116]

L-T 河北建設集團股份有限公司 HEBEI CONSTRUCTION GROUP 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：1727) ２０２４ 中期報告 TT 4 目 錄 公司資料 2 財務概要 4 業務概覽 5 管理層討論與分析 20 其他事項 27 股本變動及股東資料 30 董事、監事及高級管理人員情況 35 中 期 合 併 資 產 負 債 表（未 經 審 核） 36 中 期 合 併 利 潤 表（未 經 審 核） 38 中 期 合 併 所 有 者 權 益 變 動 表（未 經 審 核） 40 中 期 合 併 現 金 流 量 表（未 經 審 核） 42 公 司 資 產 負 債 表（未 經 審 核） 44 公 司 利 潤 表（未 經 審 核） 46 公 司 所 有 者 權 益 變 動 表（未 經 審 核） 47 公 司 現 金 流 量 表（未 經 審 核） 49 財務報表附註 51 釋 義 90 公司資料 2 下文載列本公司基本資料： | --- | --- | |--------------------------------------------- ...

B_table indent_4.5 mm N_table indent_4 mm 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。 河北建設集團股份有限公司 HEBEI CONSTRUCTION GROUP 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：1727） 截 至2024年6月30日 止六個月之中期業績公告 河 北 建 設 集 團 股 份 有 限 公 司（「本公司」或「公 司」）董 事 會（「董事會」）欣 然 宣 佈 本 公 司及其附屬公司截至2024年6月30日 止六個月之未經審核綜合中期業績。本公告符 合《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》（「上市規則」）中 有 關 中 期 業 績 初 步 公 告附載的資料之要求。 刊登中期業績及報告 本 中 期 業 績 公 告 分 別 在 香 港 聯 合 交 易 ...

Financial Performance - In 2023, the company achieved a revenue of RMB 33.493 billion, a decrease of 16% compared to 2022[24] - The net profit for 2023 was RMB 158 million, down 50% from the previous year[24] - The earnings per share for 2023 was RMB 0.10, reflecting a decline of 47% year-over-year[24] - Total revenue for 2023 was RMB 172.92 billion, a decrease of 38.9% from RMB 282.95 billion in 2022[29] - The company reported a significant drop in residential construction revenue from RMB 90.80 billion in 2022 to RMB 36.26 billion in 2023[29] - The revenue from the housing construction business was RMB 20.491 billion, with a gross margin of 4.2%, compared to RMB 26.204 billion and a gross margin of 3.2% in 2022[85] - The infrastructure construction business revenue decreased by RMB 346 million, attributed to the completion of several large-scale projects during the reporting period[87] - In 2023, the company's total revenue decreased by approximately RMB 6.513 billion to RMB 33.493 billion, primarily due to a decline in revenue from the construction engineering contracting segment by RMB 6.193 billion[84] Contracts and Projects - The total new contracts signed in 2023 amounted to RMB 31.964 billion, compared to RMB 43.732 billion in the previous year[26] - New contracts signed in 2023 totaled RMB 319.64 billion, down 26.9% from RMB 437.32 billion in 2022[40] - The housing construction segment generated RMB 172.92 billion in new contracts, representing 54.10% of total new contracts, down from 64.70% in 2022[40] - Infrastructure construction contracts amounted to RMB 104.36 billion, a decrease from RMB 116.93 billion in 2022[42] - New contracts in the transportation infrastructure sector increased to RMB 22.14 billion in 2023, up from RMB 11.39 billion in 2022[61] - The company secured major contracts including RMB 5.61 billion for the Dongwangcaozhuang renovation project in Hebei Province[46] - The total contract amount for the innovative manufacturing industrial park infrastructure project reached RMB 13.62 billion[54] - The company secured a significant contract for the construction of the Baoding City South Second Ring Road network, valued at RMB 8.81 billion[49] - The company is actively involved in the construction of the Beijing New Airport Administrative Complex with a contract value of RMB 6.35 billion[69] Market and Strategic Focus - The company aims to leverage the recovery of the Chinese economy and the opportunities in the Beijing-Tianjin-Hebei region for future growth[8] - The company is focusing on expanding its infrastructure and public construction projects to enhance revenue stability[42] - The company is focusing on expanding its market presence and enhancing its technological capabilities through new projects and innovations[80] - The company aims to strengthen market development in key cities such as Xiong'an New Area, Shijiazhuang, and Tangshan in 2024[81] - The company is exploring partnerships with local governments to secure more public works contracts, targeting a 30% increase in such projects[199] Awards and Recognition - The company won multiple awards, including 2 national decoration awards and 1 provincial quality engineering award[15] - The company has received 104 provincial-level quality engineering awards, indicating a strong commitment to quality in its projects[77] - The company has been recognized with 34 provincial construction industry technology advancement awards, showcasing its commitment to innovation[77] Research and Development - A total of 191 new patents were applied for in 2023, with 152 patents granted, including 11 invention patents, bringing the total effective patents to 1,238[96] - Research and development expenses for 2023 were RMB 148 million, a decrease of RMB 20 million compared to 2022, indicating stable R&D investment[129] - New technology development initiatives are underway, with an investment of 500 million RMB allocated for R&D in sustainable construction methods[199] Financial Position and Capital Structure - As of December 31, 2023, cash and cash equivalents amounted to approximately RMB 7.689 billion, a decrease of RMB 1.434 billion from the end of 2022[111] - The net value of accounts receivable as of December 31, 2023, was RMB 7.48 billion, a slight decrease of approximately RMB 33.7 million compared to the end of 2022[136] - The company's long-term equity investments as of December 31, 2023, were RMB 501 million, a decrease of RMB 15 million from the end of 2022[113] - The net value of contract assets as of December 31, 2023, was RMB 42.108 billion, a decrease of approximately RMB 809 million due to project progress[116] - The company provided guarantees resulting in contingent liabilities of RMB 678 million as of December 31, 2023[124] - The capital debt ratio improved to 92.1% as of December 31, 2023, down from 97.1% at the end of 2022[139] - The return on assets (ROA) was 0.2% for the year ending December 31, 2023, compared to 0.5% in the previous year[139] - The return on equity (ROE) decreased to 2.6% in 2023 from 5.2% in 2022[139] Human Resources - The total number of full-time employees decreased to 8,128 as of December 31, 2023, down from 9,104 a year earlier[142] Future Outlook - Future outlook indicates a targeted revenue growth of 10% for the next fiscal year, driven by increased infrastructure investments[199] - The company plans to pursue strategic acquisitions to enhance its capabilities, with a budget of 1 billion RMB earmarked for potential targets in the next year[199] - Overall, the company remains committed to its long-term growth strategy, emphasizing innovation and market expansion as key drivers[199]

Financial Performance - In 2023, the company's revenue was RMB 33.493 billion, a decrease of 16% compared to 2022[4] - The net profit for 2023 was RMB 158 million, down 50% from the previous year[4] - Earnings per share for 2023 were RMB 0.10, reflecting a decline of 47% year-over-year[4] - Total operating income for 2023 was RMB 33,492,866,000, down 16.5% from RMB 40,006,018,000 in 2022[35] - The total comprehensive income attributable to the parent company for 2023 was RMB 52,527,000, significantly lower than RMB 301,109,000 in 2022, marking an 82.5% decrease[13] - Total revenue for 2023 reached RMB 33,471,799 thousand, a decrease from RMB 39,969,607 thousand in 2022, representing a decline of approximately 16.4%[40] - The company reported a gross profit margin of approximately 5.36% for 2023, compared to 5.93% in 2022[11] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 64.886 billion, down from RMB 67.632 billion in 2022[6] - Current assets totaled RMB 58.298 billion, a decrease from RMB 61.126 billion in the previous year[6] - The company's total liabilities were RMB 58.658 billion, down from RMB 61.464 billion in 2022[9] - The total liabilities, including accounts payable, were RMB 34,488,055,000 in 2023, down from RMB 36,587,127,000 in 2022[30] - The capital debt ratio improved to 92.1% in 2023 from 97.1% in 2022[110] - Cash and cash equivalents as of December 31, 2023, were approximately RMB 6.528 billion, down from RMB 8.488 billion at the end of 2022[94] Equity and Investments - The total equity attributable to shareholders increased to RMB 6.047 billion from RMB 5.995 billion in 2022[9] - Long-term equity investments decreased by RMB 15 million to RMB 501 million as of December 31, 2023[98] - The company successfully acquired 51% of Zhongwei Construction Engineering Co., Ltd. for RMB 51.51 million, with the agreement signed on March 19, 2024[112] Revenue Sources - Revenue from housing construction projects was RMB 20,490,784 thousand in 2023, down from RMB 26,203,970 thousand in 2022, a decrease of about 22.0%[40] - Infrastructure construction revenue was RMB 9,683,182 thousand in 2023, compared to RMB 10,029,152 thousand in 2022, reflecting a decline of approximately 3.4%[40] - The company recognized revenue of RMB 4,829,215 thousand from contract liabilities in 2023, an increase from RMB 4,594,190 thousand in 2022, representing a growth of about 5.1%[44] Expenses - Research and development expenses for 2023 were RMB 148 million, slightly down from RMB 150 million in 2022[11] - Management expenses for 2023 were RMB 528 million, a reduction of RMB 43 million from 2022, primarily due to lower salary expenses[84] - The company’s income tax expenses for 2023 were RMB 833,807,000, an increase of 17.4% from RMB 709,929,000 in 2022[31] Contracts and Projects - The new contract amount for 2023 was RMB 31.964 billion, a decrease of 27.0% from RMB 43.732 billion in 2022[65] - The uncompleted contract amount as of 2023 was RMB 59.849 billion, down from RMB 69.722 billion in the previous year, representing a decline of 14.5%[65] - The new contracts in the housing construction segment amounted to RMB 17.292 billion in 2023, a significant drop of 38.9% from RMB 28.295 billion in 2022[69] - The infrastructure construction segment secured new contracts worth RMB 10.436 billion, down 10.5% from RMB 11.693 billion in 2022[71] Future Outlook and Strategy - The company anticipates 2024 to be a critical year for achieving its "14th Five-Year Plan" goals, focusing on healthy development amidst global economic challenges[113] - The company aims to enhance market development in key cities such as Xiong'an New Area, Shijiazhuang, and Tangshan in 2024[124] - The company will continue to focus on safety production and improve project site management standards[124] - The company emphasizes the importance of innovation and efficiency improvement in its operations[125] Governance and Compliance - The company has adhered to all corporate governance codes and regulations as of December 31, 2023[127] - The company has appointed Ernst & Young as its auditor for the financial year ending December 31, 2023[130] Dividends - The company plans not to distribute dividends for the year ending December 31, 2023[63] - The board recommends not to declare a final dividend for the year ending December 31, 2023[125]

Financial Performance - For the period from January 1, 2023, to June 30, 2023, the company reported a revenue of RMB 1,341,190,000, representing an increase from RMB 1,322,986,000 in the same period of 2022, reflecting a growth of approximately 1.4%[27] - The company’s cash flow from operating activities for the first half of 2023 was RMB 1,357,694,000, compared to RMB 1,335,809,000 in the same period of 2022, showing a slight increase[27] - Total revenue for the first half of 2023 was RMB 149.49 billion, a decrease of 9.9% compared to RMB 165.00 billion in the same period of 2022[198] - Net profit for the first half of 2023 was RMB 1.11 billion, down 27.9% from RMB 1.54 billion in the same period of 2022[198] - Earnings per share for the first half of 2023 were RMB 0.07, a decrease of RMB 0.02 compared to RMB 0.09 in the same period of 2022[198] Liabilities and Borrowings - The company’s fixed-rate long-term borrowings increased to RMB 1,607,008,000 as of June 30, 2023, compared to RMB 1,480,547,000 at the end of 2022, marking an increase of about 8.6%[14] - The company’s total liabilities increased to RMB 1,515,885,000 as of June 30, 2023, compared to RMB 1,435,906,000 at the end of 2022, reflecting a growth of approximately 5.6%[14] - As of June 30, 2023, the group provided guarantees for bank loans amounting to RMB 698,191,000, a decrease from RMB 718,941,000 as of December 31, 2022[1] Related Party Transactions - The company provided engineering construction services to related parties amounting to RMB 40,119,000 during the first half of 2023, up from RMB 22,573,000 in the same period of 2022, indicating an increase of approximately 77.5%[35] - The company’s related party transactions included significant contracts with Baoding Zhicheng Real Estate Development Co., amounting to RMB 14,752,000 in the first half of 2023, compared to RMB 7,058,000 in the same period of 2022, indicating a growth of approximately 108.5%[36] - The total receivables from related parties as of June 30, 2023, amounted to RMB 181,198,000, an increase from RMB 156,049,000 as of December 31, 2022[143] Project and Contract Updates - The company has ongoing projects in various sectors, including construction and real estate, which are expected to drive future revenue growth[36] - The company has ongoing contracts in various projects, including RMB 7.68 billion for the construction of the Second Hospital of Hebei Medical University and RMB 4.32 billion for the Cangzhou Vocational Education Park project[166] - The company has ongoing projects with a total contract value of RMB 9.54 billion for the Botou Longtun New City renovation project and RMB 6.12 billion for the Hengshui Yongjin Peninsula project, both located in Hebei Province[78] Technology and Innovation - The company received 2 awards for technological advancement from the Hebei Provincial Government in 2022, including key research on concrete damage mechanisms and frost prevention technology for cold region traffic tunnels[67] - As of June 30, 2023, the company has granted 49 new patents, including 2 invention patents, and filed 62 new patent applications, with 13 being invention patents[69] - The group achieved notable progress in technology development and intellectual property applications during the first half of 2023[133] Management and Governance - The company’s board approved the financial statements on August 28, 2023, indicating a commitment to transparency and governance[167] - The company is committed to maintaining high corporate governance standards as outlined in the Corporate Governance Code[169] - The company has appointed new directors and supervisors effective June 26, 2023, to strengthen its leadership team[173] Market and Strategic Focus - The company is actively exploring market expansion opportunities and new technology developments to enhance its competitive position in the industry[36] - The company is focused on expanding its market presence through strategic projects in Hebei Province and Inner Mongolia, enhancing its operational footprint[166] - The company continues to focus on municipal and transportation infrastructure projects, which are primarily contracted by local governments[193]

B_table indent_4.5 mm N_table indent_4 mm 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。 河北建設集團股份有限公司 HEBEI CONSTRUCTION GROUP 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：1727） 截至2023年6月30日止六個月之中期業績公告 河北建設集團股份有限公司（「本公司」或「公司」）董事會（「董事會」）欣然宣佈本公 司及其附屬公司截至2023年6月30日止六個月之未經審核綜合中期業績。本公告符 合《香港聯合交易所有限公司證券上市規則》（「上市規則」）中有關中期業績初步公 告附載的資料之要求。 刊登中期業績及報告 本中期業績公告分別在香港聯合交易所有限公司（「香港聯交所」）披露易網站 (www.hkexnews.hk)及本公司網站(www.hebjs.com.cn)上刊發。 本公司將於適當時候向H股股東寄發載有上市規則規定的所 ...

Financial Performance - In 2022, the company achieved a revenue of RMB 40.006 billion, a decrease of 16% compared to 2021[24] - The net profit for 2022 was RMB 315 million, recovering from a net loss of RMB 358 million in 2021[24] - Earnings per share for 2022 were RMB 0.19, compared to a loss per share of RMB 0.20 in 2021[24] - The total new contract value in 2022 was RMB 43.732 billion, down from RMB 48.183 billion in 2021[28] - The uncompleted contract value as of the end of 2022 was RMB 69.722 billion, compared to RMB 73.274 billion in the previous year[39] - The asset-liability ratio has shown a steady decline, indicating improved financial stability[69] - The company achieved a net profit of RMB 315 million for the year, with a steady increase in profit margin[69] Contract and Project Details - The company signed contracts for housing construction projects amounting to RMB 28.295 billion, accounting for 64.70% of total contracts[28] - Infrastructure construction contracts totaled RMB 11.693 billion, representing 26.74% of total contracts[28] - The new contract value from the housing construction business was RMB 28.295 billion, a decrease of 7.5% from RMB 30.664 billion in the previous year[30] - The new contract value from the infrastructure construction business in 2022 was RMB 11.693 billion, a decrease from RMB 12.595 billion in 2021[44] - The new contract value from the professional and other construction engineering business was RMB 3.744 billion, down 23.8% from RMB 4.924 billion in 2021[46] - The municipal infrastructure construction projects contributed RMB 10.554 billion, representing 90.26% of the new contracts in the infrastructure sector[45] - The company signed 583 new projects with a total contract amount of RMB 43.732 billion, maintaining a stable overall scale[64] Social Responsibility and Community Engagement - The company contributed RMB 1.102 billion in taxes and provided over 150,000 job positions to the community[18] - The company actively pursued social responsibility, donating over RMB 10 million to society[18] Innovation and Technology - The company received 207 new patents, including 7 invention patents in 2022[6] - The company is focused on expanding its capabilities in electromechanical installation and steel structure construction, which are key areas for future growth[33] - The company has a focus on technological innovation, as seen in the "Annual Production of 100,000 Pieces of 4-6 Inch Silicon Carbide Monocrystalline Substrate Standard Factory" project with a contract amount of RMB 156 million[59] Corporate Governance - The board of directors has reviewed the company's annual performance and financial statements for the year ended December 31, 2022, prepared in accordance with Chinese accounting standards[72] - The company has maintained compliance with corporate governance codes and established a governance system covering various aspects, including board composition and communication with shareholders[91] - The company has not experienced any changes in auditors over the past three years, maintaining the same auditing firm for its financial reports[74] - The company has established a nomination committee to propose candidates for directors and senior management positions[129] - The company has adopted a corporate governance policy that outlines the powers and responsibilities of the board of directors[111] - The company has established policies to ensure that potential successors meet the existing diversity criteria of the board[160] Risk Management and Internal Control - The company is committed to risk management and structural adjustments to respond to economic cycles effectively[70] - The company has a risk management and internal control evaluation plan that is monitored and assessed by the board[139] - The board confirmed the effectiveness of the risk management and internal control systems, which were reviewed at least once a year[194] - The company established a comprehensive internal control and risk management system to enhance operational management and risk prevention capabilities[195] - A comprehensive risk assessment and internal control evaluation were conducted in 2022, covering the headquarters and its subsidiaries[196] Shareholder Engagement - Shareholders holding 10% or more of the company's shares have the right to request the board to convene an extraordinary general meeting[162] - Shareholders can propose agenda items for the annual general meeting if they hold 3% or more of the company's shares[167] - The company is committed to maintaining transparency and timely communication with shareholders regarding significant developments[177] - The company’s shareholder communication policy has been reviewed and deemed effective in protecting investor interests[177]

Financial Performance - The company's total revenue in 2022 decreased by approximately RMB 7.822 billion to RMB 40.006 billion, primarily due to a decline in revenue from the construction contracting segment by RMB 7.871 billion[6]. - The company's net profit for 2022 was RMB 315 million, an increase of approximately RMB 674 million compared to the previous year[14]. - The company reported operating profit of RMB 439.90 million in 2022, compared to an operating loss of RMB 489.81 million in 2021[44]. - The net profit for 2022 was RMB 315.44 million, recovering from a net loss of RMB 358.17 million in 2021[51]. - The total revenue for 2022 was RMB 40.006 billion, a decrease of 16.4% from RMB 47.828 billion in 2021[87]. - The main business income for 2022 was RMB 39.135 billion, down from RMB 47.006 billion in 2021, representing a decline of 16.4%[87]. - The total comprehensive income attributable to the parent company’s shareholders for 2022 was RMB 301,109 thousand, compared to a loss of RMB 306,487 thousand in 2021[80]. - The company reported a total profit of RMB 428.881 million for 2022, a recovery from a loss of RMB 495.297 million in 2021[110]. Revenue Breakdown - The new contracts signed in the infrastructure construction business amounted to RMB 11.693 billion in 2022, down from RMB 12.595 billion in the previous year[21]. - The new contracts in the professional and other construction contracting business totaled RMB 3.744 billion in 2022, a decrease from RMB 4.924 billion in 2021[24]. - The total new contracts signed in 2022 amounted to RMB 43.732 billion, a decrease from RMB 48.183 billion in 2021[34]. - New contracts in the housing construction segment totaled RMB 28.295 billion, down from RMB 30.664 billion in the previous year[36]. - Revenue from the housing construction business fell by RMB 4.279 billion, attributed to the completion of major projects and increased fixed costs due to pandemic-related work stoppages, resulting in a decrease in gross margin[28]. - Infrastructure construction revenue decreased by RMB 1.979 billion, with the completion of high-margin projects contributing to the decline in both revenue and gross margin[30]. Expenses and Costs - In 2022, the company's R&D expenses amounted to RMB 150 million, an increase of RMB 7.4 million compared to 2021, reflecting a higher investment in R&D[1]. - The company's management expenses for 2022 were RMB 571 million, an increase of RMB 35 million compared to 2021, indicating stable operational costs[8]. - The company's income tax expense for 2022 was RMB 113 million, an increase of RMB 251 million compared to 2021, primarily due to the generation of net profit[13]. - The total operating costs for 2022 were RMB 39.094 billion, down from RMB 45.955 billion in 2021, reflecting a decrease of 14.9%[92]. - The income tax expense for 2022 was RMB 155.767 million, compared to RMB 378.888 million in 2021, indicating a significant reduction[110]. Assets and Liabilities - The company's cash and cash equivalents as of December 31, 2022, were approximately RMB 8.488 billion, compared to RMB 8.307 billion at the end of 2021[15]. - The company's long-term equity investments as of December 31, 2022, were RMB 516 million, a decrease of RMB 6 million compared to the end of 2021[18]. - The company's total assets as of December 31, 2022, were RMB 67.632 billion, compared to RMB 66.947 billion at the end of 2021[41]. - Total liabilities as of December 31, 2022, amounted to RMB 61.46 billion, slightly up from RMB 61.07 billion in 2021[52]. - Current liabilities totaled RMB 58.77 billion, down from RMB 59.33 billion in the previous year[52]. - The accounts payable balance as of December 31, 2022, was RMB 36.587 billion, a decrease of RMB 1.35 billion or 4% compared to the end of 2021[120]. - The capital debt ratio as of December 31, 2022, was 97.1%, up from 93.3% in 2021[122]. - The group's interest-bearing borrowings amounted to approximately RMB 5.989 billion, an increase from RMB 5.479 billion in 2021[119]. Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development in the upcoming fiscal year[51]. - The company aims to focus on green construction and smart building technologies, aligning with industry trends and exploring new economic growth points[146]. - The company plans to continue expanding its market presence, particularly in the Beijing-Tianjin-Hebei region, leveraging its strong reputation and management capabilities[133]. Corporate Governance - The board has recommended not to distribute a final dividend for the year ended December 31, 2022[148]. - The company has appointed Ernst & Young Hua Ming as the auditor for the annual financial report for the year ending December 31, 2022[150]. - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website[151]. - The company is committed to maintaining high corporate governance standards to meet business needs and shareholder requirements[153]. - The company has adopted the standards for directors and supervisors conducting securities transactions as a code of conduct[154].

Financial Performance - As of June 30, 2022, the revenue was RMB 16.589 billion, a decrease of 16.9% compared to the same period in 2021[7]. - As of June 30, 2022, the net profit was RMB 154 million, down 32.7% year-on-year[7]. - The earnings per share as of June 30, 2022, was RMB 0.09, a decrease of RMB 0.04 compared to 2021[7]. - In 2022, the total revenue was RMB 42.26 billion, a decrease of 19.14% from RMB 52.25 billion in 2021[21]. - The company's net profit for the first half of 2022 was RMB 154 million, a decrease of approximately RMB 75 million compared to the same period last year[78]. - Operating revenue for the period from January 1 to June 30, 2022, was RMB 16,589,225 thousand, a decrease of 16.9% compared to RMB 19,970,407 thousand in the same period of 2021[155]. - Net profit attributable to shareholders of the parent company for the same period was RMB 159,234 thousand, down 32.8% from RMB 236,829 thousand in the prior year[158]. - The total profit for the period was RMB 215,737 thousand, a decline of 23.5% compared to RMB 282,080 thousand in the previous year[155]. - The company reported a net profit margin of 0.94% for the first half of 2022, down from 1.15% in the same period of 2021[158]. Contract and Project Details - The new contract value for the first half of 2022 was RMB 21.229 billion, a decrease of 3.1% from RMB 21.908 billion in the same period last year[11]. - The proportion of new contracts from housing construction was 71.59% in 2022, up from 67.81% in 2021[14]. - The new contract value from infrastructure construction was RMB 4.226 billion in the first half of 2022, down from RMB 5.225 billion in the same period last year[19]. - The new contract value from housing construction was RMB 15.197 billion, an increase from RMB 14.855 billion in the previous year[15]. - The proportion of new contracts from public building projects increased to 57.23% in 2022, compared to 30.28% in 2021[16]. - The company primarily generates revenue from construction contracting services, including housing and infrastructure projects[10]. - The company is a leading non-state-owned construction group in China, focusing on various construction projects[10]. - The largest new contract in residential construction was for the Longtun New City project, valued at RMB 9.54 billion, located in Hebei Province[24]. - The total contract amount for public buildings included RMB 19.43 billion for the China Academy of Chinese Medical Sciences Hospital[27]. - The total contract amount for municipal infrastructure construction was RMB 7.25 billion for the Baoding City River System Comprehensive Management project[29]. Research and Development - The company has initiated 167 enterprise-level R&D projects in the first half of 2022, with R&D expenses amounting to RMB 25.46 million for 230 projects in 2021[48]. - Research and development expenses for the first half of 2022 amounted to RMB 22 million, an increase of RMB 8 million compared to the same period in 2021, due to new construction technology R&D projects[71]. - The company has received 93 new patents, including 3 invention patents, and filed 65 new patent applications by the end of June 2022[51]. - The company has been recognized with 22 awards for technological progress in the construction industry in Hebei Province[49]. Financial Position and Cash Flow - As of June 30, 2022, the company's cash and cash equivalents were approximately RMB 7.055 billion, a decrease of RMB 1.755 billion from the end of 2021, primarily due to cash outflow from operating activities[81]. - The company's operating revenue for the six months ended June 30, 2022, decreased by approximately RMB 3.381 billion to RMB 16.589 billion, primarily due to a decline in construction contracting business by RMB 3.525 billion[64]. - The housing construction business contributed RMB 11.318 billion in revenue, down RMB 1.951 billion compared to the same period last year, mainly due to the completion of several large projects[66]. - The infrastructure construction business revenue decreased by RMB 1.220 billion year-on-year, attributed to the completion of certain projects[68]. - Cash inflow from operating activities decreased to RMB 26,265,200 thousand, down 11% from RMB 29,757,767 thousand in the same period last year[166]. - Cash outflow from operating activities decreased to RMB 28,199,740 thousand, down 11% from RMB 31,628,734 thousand in the same period last year[166]. - Net cash flow from operating activities was negative at RMB (1,934,540) thousand, compared to RMB (1,870,967) thousand in the same period last year[166]. - Cash inflow from investment activities decreased significantly to RMB 13,690 thousand, down 54% from RMB 29,906 thousand in the same period last year[169]. - Cash inflow from financing activities was RMB 1,717,162 thousand, down 36% from RMB 2,671,568 thousand in the same period last year[169]. Shareholder Information - The total issued share capital of the company as of June 30, 2022, is RMB 1,761,383,500, consisting of 1,761,383,500 shares[128]. - The company did not declare a final dividend for the year ended December 31, 2021, to ensure stable operations and long-term benefits for shareholders[123]. - The company did not recommend an interim dividend for the six months ended June 30, 2022[124]. - As of June 30, 2022, Mr. Li Baoyuan directly held 1,300,000,000 shares, representing 73.80% of the total shares in the company[131]. - Mr. Li Baoyuan is viewed as having an interest in 1,300,000,000 shares through Ganbao Investment[132]. - Ganbao Investment directly held 5.54% of the company's shares as of June 30, 2022[132]. - A total of 146 individuals collectively held 60.39% of Zhongru Investment's shares and agreed to follow Ganbao Investment's decisions[137]. Asset and Liability Overview - As of June 30, 2022, the total assets amounted to RMB 62,716,628 thousand, a decrease from RMB 66,947,253 thousand as of December 31, 2021, representing a decline of approximately 6.5%[150][153]. - The total liabilities were RMB 56,698,819 thousand as of June 30, 2022, down from RMB 61,074,661 thousand at the end of 2021, indicating a reduction of about 7.3%[153]. - The company's contract assets decreased to RMB 37,526,593 thousand from RMB 39,658,331 thousand, a decline of about 5.4%[150]. - The total current liabilities decreased to RMB 54,271,037 thousand from RMB 59,330,829 thousand, representing a reduction of approximately 8.5%[153]. - The company's long-term borrowings increased significantly to RMB 2,420,373 thousand from RMB 1,729,252 thousand, an increase of about 40%[153]. Corporate Governance and Compliance - The financial statements are prepared in accordance with the Ministry of Finance's accounting standards and are consistent with the previous year's financial statements[192][195]. - The company’s subsidiary Hebei Zhongbao New Material Manufacturing Co., Ltd. was deregistered during the reporting period, but the consolidation scope remains consistent with the previous year[196]. - The company has no arrangements for directors or their family members to benefit from purchasing shares or debt securities[140].