证券代码：601800 证券简称：中国交建 公告编号：临2023-035 中国交通建设股份有限公司 2022年度业绩说明会预告公告 中国交通建设股份有限公司（简称本公司或公司）董事会及全体董事保证 本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真 实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可以在2023年4月4日至6日16:00前登录上证路演中心网页点击 "提问预征集"栏目或通过互联网发送公司邮箱（ir@ccccltd.cn）进行提问，公 司将在说明会上就投资者普遍关注的问题进行回答。 公司将于2023年3月31日于上海交易所网站（www.sse.com.cn）、《中国证 券报》、《上海证券报》、《证券时报》和《证券日报》披露本公司2022年年度 报告。 为方便广大投资者更全面深入了解公司经营业绩及现金分红的具体情况，公 司定于2023年4月7日举行"2022年度业绩说明会"，与投资者进行交流，并对投 资者普遍关注的问题进行回答。 一、 说明会类型 本次说明会以现场转播+网络直播+网络互动结合召开，公司将针对2022年 1 会议召开时间：2023年4月7日（星期五）上 ...

Financial Performance - The company's revenue for 2022 was CNY 717.473 billion, an increase of CNY 34.688 billion or 5.1% compared to 2021[2]. - The net profit attributable to shareholders for 2022 was CNY 20.065 billion, up CNY 1.716 billion or 9.4% from 2021[2]. - The gross profit for 2022 was CNY 83.064 billion, a decrease of CNY 1.460 billion or 1.7% from 2021[2]. - The company's operating cash ratio improved to 0.1% in 2022 from -1.8% in 2021[2]. - The debt-to-asset ratio for 2022 was 71.8%, slightly down from 71.9% in 2021[2]. - The company achieved a total of 40 National Science and Technology Progress Awards and 5 National Invention Awards[13]. - The company’s overseas new contract amount was CNY 216.782 billion (approximately USD 33.592 billion), accounting for 14% of total new contracts[16]. - The company’s investment in domestic infrastructure projects was CNY 231.427 billion, which accounted for 83% of the annual plan[17]. - The company’s cash flow improved significantly, with a net cash inflow of CNY 6.623 billion in 2022, compared to a cash outflow in 2021[70]. - The company reported a total comprehensive income of RMB 24,275 million for 2022, compared to RMB 22,346 million in 2021, indicating an increase of about 8.6%[125]. Contract and Project Management - The new contract amount signed in 2022 was CNY 1,542.256 billion, representing a growth of 21.6% year-on-year[2]. - As of December 31, 2022, the amount of uncompleted contracts was CNY 3,388.325 billion, indicating a strong order reserve[3]. - The company signed new contracts worth CNY 1,367.07 billion in infrastructure construction, representing a year-on-year growth of 21.48%[23]. - The new contracts in urban construction, roads and bridges, overseas projects, port construction, and railway construction were CNY 678.98 billion, CNY 357.88 billion, CNY 208.64 billion, CNY 76.70 billion, and CNY 44.87 billion, respectively[24]. - The company held an execution backlog of CNY 3,028.91 billion as of December 31, 2022[23]. - The company is focusing on expanding its presence in emerging markets, with successful contracts signed in Malaysia, Nigeria, and Indonesia[22]. Strategic Goals and Future Plans - The company aims for a new contract amount growth of no less than 9.8% and revenue growth of no less than 7% in 2023[5]. - The company plans to enhance its investment structure and focus on value investment principles in 2023[5]. - The company aims to enhance its internationalization capabilities and optimize internal collaboration models to support overseas development[6]. - The company plans to accelerate the construction of a globally competitive, technology-driven, and quality-oriented enterprise[6]. - The company is committed to advancing digital and intelligent management to support its development goals, including achieving carbon neutrality by 2030[20]. - The company is focusing on technological innovation and digital integration to enhance its core competitiveness and achieve sustainable development[64]. Research and Development - In 2022, the company's R&D expenditure was CNY 23.631 billion, accounting for 3.3% of operating revenue, remaining stable compared to the previous year[65]. - The company aims to strengthen its core technology research and development to address "bottleneck" technology issues[14]. - The company has established 15 postdoctoral research stations and 4 academician workstations to enhance its innovation capabilities[13]. Awards and Recognition - The company received numerous awards in 2022, including 1 second-class National Science and Technology Progress Award and 1 second-class National Technology Invention Award[65]. - The company has received 126 Luban Awards and 362 National Quality Engineering Awards, including 43 gold awards[13]. Market Presence and Internationalization - The company has established a significant presence in 139 countries and regions worldwide, showcasing its extensive operational footprint[9]. - The company has successfully entered international railway construction markets in Africa, Asia, South America, and Oceania, enhancing its market influence[11]. - The internationalization strategy led to over 3 billion USD in new contracts in the Middle East over the past three years[32]. - The company is actively pursuing traditional business projects, including significant port and infrastructure developments in the Guangdong-Hong Kong-Macao Greater Bay Area[37]. Risk Management and Compliance - The company emphasizes risk prevention and control, enhancing compliance management systems to mitigate financial risks[6]. - The group is focusing on enhancing its international resource coordination capabilities to mitigate internationalization risks[110]. - The group aims to strengthen its investment risk management by adhering to "value investment" principles and controlling non-core investments[112]. Financial Structure and Investments - The asset-liability ratio decreased to 71.8% in 2022 from 71.9% in 2021, indicating improved financial structure management[70]. - The company is enhancing its asset structure by investing in new dredging vessels and optimizing equipment utilization[36]. - The company is committed to green development and is pursuing new market opportunities in coastal port upgrades and ecological governance[36]. Related Party Transactions - The company provided project contracting services to CCCG Group with a maximum annual limit of RMB 33,155 million, but the actual amount was only RMB 13,395 million[191]. - The company has established effective monitoring mechanisms to ensure that related party transactions do not exceed the annual limits set[193]. Corporate Governance - The audit and internal control committee has reviewed the company's annual performance, ensuring compliance with regulations[195]. - The board of directors approved the financial statements on March 30, 2023[184].

Financial Performance - Revenue for the third quarter reached ¥178.06 billion, a year-on-year increase of 1.4%[2] - Net profit attributable to shareholders was ¥4.73 billion, a decrease of 8.9% compared to the same period last year[2] - Basic earnings per share (EPS) for the quarter was ¥0.27, down 10.0% year-on-year[2] - The company reported a 5.0% increase in revenue for the first nine months, totaling ¥541.98 billion[5] - Net profit attributable to shareholders of the parent company was CNY 15.82 billion, up 5.7% from CNY 14.96 billion year-on-year[18] - The company's operating revenue for the first three quarters of 2022 was CNY 25.45 billion, a decrease of 9.1% compared to CNY 27.99 billion in the same period of 2021[22] - Net profit for the first three quarters of 2022 was CNY 8.38 billion, up 45.3% from CNY 5.75 billion in the first three quarters of 2021[22] Assets and Liabilities - Total assets increased to ¥1.62 trillion, representing a growth of 16.4% from the previous year[3] - The company's equity attributable to shareholders rose to ¥281.46 billion, an increase of 8.1% year-on-year[3] - The company's total liabilities reached RMB 1,184.90 billion, up from RMB 999.48 billion, which is an increase of approximately 18.5%[17] - The company's current assets totaled RMB 701.04 billion, up from RMB 567.34 billion in the previous year, indicating a year-over-year increase of about 23.5%[16] - The company's long-term borrowings rose to RMB 369.55 billion from RMB 320.38 billion, reflecting an increase of approximately 15.3%[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥3.10 billion, with a significant negative cash flow of ¥42.62 billion reported for the previous period[2] - The company reported a net cash outflow from operating activities of CNY -42.62 billion, an improvement from CNY -58.52 billion in the same period last year[19] - Cash inflow from sales of goods and services reached ¥33,920,405,929, up from ¥27,818,855,478 in the previous year, indicating a growth of approximately 22.5%[23] - The total cash outflow from operating activities decreased to ¥36,147,017,927 from ¥48,401,563,630, reflecting a reduction of about 25.3%[23] Contracts and Projects - In the first nine months of 2022, the company signed new contracts totaling RMB 1,032.16 billion, a year-on-year increase of 2.5%, achieving 73% of the annual target[12] - The new contracts from overseas regions amounted to RMB 147.88 billion (approximately USD 22.92 billion), reflecting a year-on-year growth of 17.3%[12] - The total investment estimate for newly signed infrastructure projects was RMB 237.04 billion, with a confirmed contract amount of RMB 120.62 billion[12] - The construction business generated RMB 90.33 billion in new contracts, with a year-on-year increase of 1.4%[13] - The port construction segment saw a significant increase of 25.7%, reaching RMB 12.62 billion in new contracts[13] Research and Development - Research and development expenses increased to CNY 17.17 billion, representing an increase of 10.1% compared to CNY 15.60 billion in the previous year[18] - Research and development expenses for the first three quarters of 2022 were CNY 3.81 million, compared to zero in the same period of 2021, indicating a new focus on innovation[22] Shareholder Information - As of September 30, 2022, China Communications Construction Group held 9,640,032,604 shares, representing approximately 59.63% of the total share capital[11] - The company had a total of 182,801 common shareholders at the end of the reporting period[10]

Financial Performance - Operating revenue for the third quarter reached RMB 178.06 billion, an increase of 1.4% year-on-year[4] - Net profit attributable to shareholders was RMB 4.73 billion, a decrease of 8.9% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 4.29 billion, down 13.2% year-on-year[4] - The company reported a basic earnings per share of RMB 0.27, a decrease of 10.0% from the previous year[4] - Total revenue for the first three quarters of 2022 reached RMB 541.98 billion, an increase of 4.1% compared to RMB 516.22 billion in the same period of 2021[24] - Operating profit for the first three quarters of 2022 was RMB 24.66 billion, up 8.0% from RMB 22.84 billion in the first three quarters of 2021[25] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was RMB 15.82 billion, a rise of 5.7% from RMB 14.96 billion in the same period of 2021[25] - The company reported a total comprehensive income of RMB 18.06 billion for the first three quarters of 2022, slightly down from RMB 18.46 billion in the same period of 2021[26] - Basic and diluted earnings per share for the first three quarters of 2022 were both RMB 0.91, compared to RMB 0.86 in the same period of 2021[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 1.62 trillion, reflecting a growth of 16.4% compared to the end of the previous year[5] - Shareholders' equity attributable to the parent company increased by 8.1% year-on-year, reaching RMB 281.46 billion[5] - The total current liabilities rose to RMB 732.14 billion, compared to RMB 599.16 billion at the end of 2021[22] - Total liabilities increased to RMB 1,184.90 billion as of September 30, 2022, compared to RMB 999.48 billion at the end of 2021, reflecting a growth of 18.5%[23] - Non-current liabilities totaled RMB 452.76 billion as of September 30, 2022, up from RMB 400.33 billion at the end of 2021, marking a 13.1% increase[23] - The total equity attributable to shareholders of the parent company increased to RMB 281.46 billion as of September 30, 2022, from RMB 260.35 billion at the end of 2021, reflecting an increase of 8.5%[23] Cash Flow - Cash flow from operating activities for the year-to-date was RMB 3.10 billion, with a significant negative cash flow of RMB 42.62 billion for the year[4] - Operating cash flow for the first three quarters of 2022 was -42.62 billion RMB, an improvement from -58.52 billion RMB in the same period of 2021, indicating a reduction in cash outflow[27] - Total cash inflow from financing activities increased to 287.32 billion RMB in 2022, up from 235.40 billion RMB in 2021, reflecting a significant rise in investment and borrowing[28] - Cash and cash equivalents at the end of September 2022 reached 135.39 billion RMB, compared to 108.30 billion RMB at the end of 2021, showing a net increase of 39.59 billion RMB[28] - The company received 39.60 billion RMB from investment in the first three quarters of 2022, a substantial increase from 16.36 billion RMB in the same period of 2021[28] - Cash inflow from financing activities totaled ¥33,762,643,899 in the first three quarters of 2022, up from ¥28,352,570,379 in the same period of 2021, representing an increase of approximately 19.5%[35] Investments and Contracts - New contracts signed in 2022 amounted to RMB 1,032.16 billion, a year-on-year increase of 2.5%, achieving 73% of the annual target[15] - The total investment estimate for new infrastructure projects is RMB 237.04 billion, with RMB 120.62 billion confirmed based on the company's share[16] - New contracts from overseas regions totaled RMB 147.88 billion (approximately USD 22.92 billion), representing a year-on-year growth of 17.3%[15] - The company’s investment income was impacted by losses from certain joint ventures, despite an increase from public REITs[10] Operational Management - The company plans to enhance operational management and strengthen production management to ensure stable growth in 2022[8] - The increase in monetary funds by 38.0% was primarily due to increased financing and better management of cash expenditures[9] - Short-term borrowings rose by 58.7% due to increased demand for short-term funds driven by business growth[9] - Financial expenses decreased by 62.6% due to increased foreign exchange gains from the appreciation of the US dollar and higher interest income from investment projects[10] Research and Development - Research and development expenses for the first three quarters of 2022 were RMB 17.17 billion, an increase of 9.6% from RMB 15.60 billion in the same period of 2021[24] - Research and development expenses amounted to CNY 3,812,618 in the first three quarters of 2022, indicating a focus on innovation compared to zero in the same period of 2021[32] Shareholder Information - The number of ordinary shareholders reached 182,801, with A-shares accounting for 72.67% of the total share capital[11] - The top shareholder, China Communications Construction Group, holds 57.99% of the total shares[12]

Financial Performance - The company achieved a revenue of RMB 362.83 billion for the six months ended June 30, 2022, representing a year-on-year growth of 7.0%[3]. - The net profit attributable to shareholders was RMB 11.95 billion, an increase of 15.0% compared to the same period last year[3]. - The basic earnings per share were RMB 0.69, up 15.0% from RMB 0.60 in the previous year[3]. - Revenue for the first half of 2022 was CNY 362.834 billion, a 7.0% increase from CNY 339.218 billion in the same period of 2021[66]. - Gross profit for the first half of 2022 was CNY 37.696 billion, a slight decrease of 0.8% compared to CNY 38.015 billion in the same period of 2021, resulting in a gross margin decline from 11.2% to 10.4%[66][68]. - Operating profit increased by 14.1% to CNY 21.057 billion, up from CNY 18.458 billion in the same period of 2021, driven by subsidiary disposals and effective cost control[66]. - The company reported a profit attributable to equity holders of RMB 11,949 million for the six months ended June 30, 2022, compared to RMB 10,386 million in the same period of 2021, an increase of 15.0%[179]. Assets and Liabilities - Total assets as of June 30, 2022, reached RMB 1,565.68 billion, reflecting a 12.6% increase from RMB 1,390.84 billion at the end of 2021[4]. - The total liabilities increased by 15.0% to RMB 1,149.49 billion from RMB 999.48 billion[4]. - Total liabilities as of June 30, 2022, were RMB 1,149,489 million, an increase from RMB 999,483 million as of December 31, 2021, indicating a growth of approximately 15.0%[156]. - The company's total equity as of June 30, 2022, was RMB 416.194 billion, an increase from RMB 391.354 billion as of December 31, 2021[133]. Contracts and Backlog - The new contract amount signed in the first half of 2022 was RMB 801.90 billion, a growth of 17.0% year-on-year[5]. - The company had an order backlog of RMB 3,226.91 billion as of June 30, 2022, compared to RMB 3,128.25 billion at the end of 2021[4]. - The total amount of contracts in hand as of June 30, 2022, was CNY 3,226.9 billion[16]. - The company signed new contracts worth CNY 801.9 billion, achieving 57% of the annual target, while operating revenue reached CNY 362.834 billion, fulfilling 50% of the annual goal[62]. Operational Highlights - The company is focusing on high-quality development and has initiated nine innovative technology projects to enhance competitiveness[5]. - The company has made significant progress in optimizing its operational structure and is advancing towards the listing of its design segment[6]. - The company is recognized as the world's largest design and construction company for ports, roads, and bridges, with operations in 139 countries and regions[11]. - The company has established a comprehensive project management system covering the entire contract process, ensuring effective project execution and delivery[10]. Innovation and Technology - The company emphasizes the importance of innovation as the primary driving force for development, focusing on technological innovation to enhance competitiveness and value creation[7]. - The company has received a total of 46 National Science and Technology Progress Awards and 5 National Technology Invention Awards, showcasing its commitment to technological innovation[13]. - The company aims to strengthen its technological innovation capabilities and address key technical challenges, striving to become a world-class enterprise in the technology sector[14]. - The company has established a "three-level and three-type" platform system for research and development, which includes 15 post-doctoral research stations and 4 academician workstations[13]. Market Expansion and Internationalization - The company plans to accelerate its internationalization process by establishing global resource allocation and innovation systems[7]. - The company is one of the largest railway construction enterprises in China, with significant market influence in overseas markets, having successfully entered railway construction markets in Africa, Asia, South America, and Oceania[12]. - The company has successfully entered overseas railway construction markets in Africa and Southeast Asia, enhancing its international influence[24]. Environmental Commitment - The company is committed to green development, promoting green design and construction to align with the trend of comprehensive green transformation in the economy[7]. - The company is implementing green development initiatives, including projects in offshore wind power and ecological environment management[17]. Financial Management and Risk - The company has a robust financial risk management strategy in place, ensuring compliance with financial regulations and effective risk prevention[7]. - The company is focusing on enhancing its risk management strategies to address various market risks, including interest rate and foreign exchange risks[110]. - The company emphasizes "value investment" and strictly controls non-core investments to mitigate investment risks[112]. Investment and Capital Expenditure - The company has invested RMB 14.122 billion in the current period across various projects, with cumulative investments reaching RMB 43 billion[55]. - Capital expenditures for the six months ended June 30, 2022, were RMB 2.19 billion, slightly down from RMB 2.23 billion in 2021[98]. - The company reported a total income of RMB 318,636 million from the construction segment, with a segment performance of RMB 17,551 million[151]. Future Outlook - Future outlook includes continued investment in infrastructure and potential expansion into new markets[56]. - The company aims to enhance its market position in the infrastructure sector by pursuing large-scale, strategic projects, including several key highway projects[22].

Financial Performance - Operating revenue reached CNY 363.9 billion, completing 50% of the annual target[7] - The net profit attributable to shareholders was CNY 1.1 billion, representing a 13% increase year-on-year[5] - The company achieved operating revenue of CNY 363.92 billion, a year-on-year increase of 6.84%[27] - Net profit attributable to shareholders was CNY 11.08 billion, representing a 13.43% increase compared to the same period last year[27] - The basic earnings per share increased to CNY 0.64, up 14.29% from CNY 0.56 in the previous year[20] - The company reported a net cash flow from operating activities of -CNY 45.72 billion, an improvement from -CNY 64.61 billion in the previous year[19] - Gross profit was CNY 37.45 billion, a decrease of 1.83%, with a gross margin of 10.29%, down 0.91 percentage points from the previous year[80] - Operating profit rose to CNY 17.13 billion, up 14.17%, with an operating margin of 4.71%, an increase of 0.30 percentage points[80] - Net profit reached CNY 13.50 billion, a growth of 9.70%, with a net profit margin of 3.05%, up 0.18 percentage points[80] Contracts and Projects - The new signed contracts amounted to CNY 801.9 billion, achieving 57% of the annual target[7] - The total investment amount for newly signed infrastructure projects was CNY 853 billion, with significant contributions from BOT projects and urban development[7] - The company has an order backlog of CNY 32,269.13 billion, providing strong support for sustainable development[27] - The company’s new contracts from overseas amounted to CNY 115.52 billion (approximately USD 17.90 billion), a year-on-year increase of 25.87%[26] - The company has secured several key PPP projects, enhancing its portfolio and expected to generate RMB 10 billion in revenue over the next three years[11] - The company completed the main tasks of state-owned enterprise reform ahead of schedule, receiving an A-level rating from the State-owned Assets Supervision and Administration Commission for its reform efforts[29] International Expansion - The overseas revenue accounted for 14% of total revenue, with new signed contracts also contributing 14%[8] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in project contracts in the region by 2023[11] - The company is focusing on major projects in the Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, and Beijing-Tianjin-Hebei regions[46] - The company is actively pursuing strategic acquisitions to bolster its capabilities in urban infrastructure, with a budget of RMB 8 billion allocated for this purpose[11] Research and Development - Research and development expenses increased by 10%, reflecting the company's commitment to innovation and technology[11] - The company has established a technology innovation leadership group to tackle key core technologies and enhance independent innovation capabilities[39] - The company’s R&D expenses were CNY 9.15 billion, an increase of 2.09% compared to the previous year[81] - Total R&D investment reached CNY 9.17 billion, accounting for 2.5% of operating revenue, with capitalized R&D investment making up 0.32%[90] Financial Management - The company maintained a debt-to-asset ratio of 73.4%[5] - The company aims to maintain a debt-to-asset ratio below 60% as part of its financial control strategy[11] - The company is actively addressing financial risks through comprehensive governance actions and advancing financial digitalization[29] - The company has a diversified investment portfolio to manage the risks associated with fluctuations in securities market prices[137] Environmental and Social Responsibility - The company is committed to green development, promoting green design and construction to align with the national "dual carbon" goals[31] - The company launched a "Green Low-Carbon Action Plan" to align with national goals for carbon peak and carbon neutrality, emphasizing pollution reduction and carbon emission synergy[151] - The company invested a total of 169.5 million yuan in poverty alleviation and rural revitalization efforts, focusing on regions such as Nujiang Prefecture in Yunnan and Yengisar County in Xinjiang[154] - The company plans to allocate 260 million yuan for poverty alleviation projects in 2022, targeting education enhancement, employment promotion, industrial revitalization, medical security, and beautiful countryside initiatives[156] Risk Management - The company faces macroeconomic risks, including potential impacts from economic contraction and supply shocks, which could significantly affect its development[128] - The company operates in over 130 countries, facing international risks such as political and economic instability, which may affect compliance and project execution[129] - The company emphasizes value investment and strict control over non-core investments to mitigate investment risks[131] - The company is actively assessing foreign exchange risks and utilizes derivative financial instruments when necessary to hedge against currency fluctuations[134] Governance and Compliance - The company has established strict internal control mechanisms for related party transactions to protect minority shareholders' interests[163] - The company has implemented a comprehensive internal control system to monitor operational risks effectively[182] - The company has reported no major lawsuits or regulatory penalties during the reporting period[163] - The company is focusing on improving governance and compliance awareness among all employees regarding related party transactions[164]

Financial Performance - For the six months ended June 30, 2022, the group's revenue was CNY 362.83 billion, an increase of 7.0% compared to CNY 339.22 billion in the same period of 2021[2]. - The gross profit for the same period was CNY 37.70 billion, a decrease of 0.8% from CNY 38.02 billion in 2021[2]. - Operating profit for the six months was CNY 21.06 billion, an increase of 14.1% compared to the previous year's CNY 18.43 billion[2]. - Net profit attributable to shareholders was CNY 11.95 billion, up 15.0% from CNY 10.39 billion in the same period last year[2]. - The profit before tax for the six months ended June 30, 2022, was RMB 18.37 billion, an increase of 15.5% compared to RMB 15.90 billion for the same period in 2021[72]. - The company reported a profit for the period of RMB 14.368 billion for the six months ended June 30, 2022, compared to RMB 12.924 billion for the same period in 2021, reflecting an increase of approximately 11.2%[140][141]. - Basic and diluted earnings per share for the period were RMB 0.69, an increase from RMB 0.60 in the previous year, representing a growth of 15.0%[118]. Contract and Project Management - The new contract amount signed by the group was CNY 801.90 billion, an increase of 17.0% from CNY 685.13 billion in the same period of 2021[2]. - As of June 30, 2022, the group held an uncompleted contract amount of CNY 3,226.91 billion, indicating a strong order reserve[2]. - The total amount of contracts in execution as of June 30, 2022, was 3.2269 trillion yuan[16]. - New contracts from overseas regions amounted to 115.52 billion yuan (approximately 17.90 billion USD), a 25.9% increase year-on-year, accounting for 14% of the total new contracts[16]. - The company signed new contracts worth RMB 853.00 billion in infrastructure and investment projects during the reporting period, with an expected construction contract value of RMB 796.64 billion[49]. Technological Innovation and Development - The company aims to enhance technological innovation and management to drive high-quality development and improve competitiveness[5]. - The company emphasizes technological innovation and is committed to improving its independent innovation capabilities, aiming to become a world-class "technology-driven" enterprise[12]. - The company has obtained 46 national science and technology progress awards, 5 national invention awards, and 112 Luban awards, showcasing its strong innovation capabilities[13]. - The company has established a technology innovation team to focus on overcoming key "bottleneck" technologies and enhancing its core technological advantages[14]. Market Expansion and Strategic Focus - The company is actively expanding its market presence and enhancing its competitive edge in the construction and engineering sectors[10]. - The company is committed to enhancing its global presence and responding to the "Belt and Road" initiative, with ongoing projects contributing to local economies and pandemic recovery efforts[20]. - The company plans to focus on green development and promote green design and construction to align with the trend of comprehensive green transformation[6]. - The company will continue to prioritize high-quality development and address key areas such as stable growth, reform innovation, and risk prevention in the second half of the year[7]. Financial Management and Expenses - Research and development expenses amounted to 9.174 billion yuan, representing 2.5% of operating revenue, focusing on technological innovation and digital development[58]. - Financial expenses netted at 10.386 billion yuan, up 12.3% from 9.245 billion yuan in 2021, primarily due to increased interest expenses[69]. - Management expenses decreased by 3.6% to 17.674 billion yuan from 18.332 billion yuan in 2021, attributed to effective cost control measures[64]. - The company reported a significant increase in interest income from operating activities, which rose to RMB 8,251 million in the first half of 2022, compared to RMB 5,828 million in the same period of 2021[128]. Risk Management and Compliance - The group is exposed to macroeconomic risks, particularly in infrastructure design and construction, which are sensitive to fixed asset investment and urbanization trends[106]. - The company is actively monitoring interest rate conditions and may enter into interest rate swap agreements to mitigate floating-rate borrowing risks[110]. - The company emphasizes safety in production as a fundamental principle, acknowledging risks associated with operational safety that could impact employee health and corporate reputation[112]. - The company continues to assess foreign exchange risks and utilizes derivative financial instruments when necessary to hedge against currency fluctuations[111]. Asset Management and Restructuring - The proposed asset restructuring involves the exchange of 100% equity stakes in certain hospitals, with the expected completion resulting in the company becoming a controlling shareholder of Qilian Mountain[116]. - The company is committed to enhancing its market position through strategic asset management and restructuring initiatives[189]. - The restructuring aims to optimize resource allocation and improve operational efficiency across subsidiaries[189]. - The company emphasizes the importance of compliance with the Hong Kong Stock Exchange regulations in its operations[186].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 172.10 billion, representing a year-on-year increase of 13.27%[2] - The net profit attributable to shareholders was CNY 5.09 billion, up 17.74% compared to the same period last year[2] - The basic earnings per share for the period was CNY 0.29, reflecting a 16.00% increase[2] - Total operating revenue for Q1 2022 was CNY 172.1 billion, up from CNY 151.9 billion in Q1 2021, representing a growth of approximately 13.5%[19] - Operating profit for Q1 2022 reached CNY 8.0 billion, compared to CNY 6.9 billion in Q1 2021, an increase of about 15.9%[19] - Net profit attributable to shareholders of the parent company was CNY 5.1 billion in Q1 2022, up from CNY 4.3 billion in Q1 2021, reflecting a growth of approximately 17.7%[19] - The total comprehensive income for Q1 2022 was CNY 5.0 billion, down from CNY 7.5 billion in Q1 2021, a decrease of approximately 33.3%[20] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,477.49 billion, a 6.23% increase from the end of the previous year[3] - The company's total equity reached CNY 402.5 billion in Q1 2022, up from CNY 391.4 billion in Q1 2021, representing a growth of about 2.8%[19] - Total liabilities amounted to CNY 1,074.9 billion in Q1 2022, compared to CNY 999.5 billion in Q1 2021, indicating an increase of approximately 7.5%[19] - The company's cash and cash equivalents increased to CNY 123.82 billion as of March 31, 2022, compared to CNY 104.58 billion at the end of 2021[16] - The total assets of the company reached CNY 1,477.49 billion, up from CNY 1,390.84 billion at the end of 2021[16] Cash Flow - The company reported a net cash flow from operating activities of -CNY 33.36 billion, which is not comparable to the previous year due to changes in accounting policies[2] - In Q1 2022, the cash inflow from operating activities was CNY 168.47 billion, an increase from CNY 162.46 billion in Q1 2021, representing a growth of approximately 3.1%[22] - The net cash flow from operating activities was negative at CNY -33.36 billion, slightly improved from CNY -33.91 billion in the same period last year[22] - Cash inflow from financing activities reached CNY 111.97 billion, significantly higher than CNY 89.49 billion in Q1 2021, indicating a growth of approximately 25.2%[22] - The net cash flow from financing activities was CNY 72.37 billion, up from CNY 49.55 billion in the previous year[22] Investments and Contracts - In Q1 2022, the company signed new contracts worth CNY 430.69 billion, a year-on-year increase of 4.90%, achieving 30% of the annual target[11] - The new contracts from overseas regions amounted to CNY 61.65 billion (approximately USD 9.55 billion), representing a year-on-year growth of 5.71% and accounting for 14% of total new contracts[12] - The total estimated investment for new infrastructure projects was CNY 70.94 billion, with CNY 64.42 billion from domestic projects and CNY 6.52 billion from overseas projects[12] Shareholder Information - The total number of ordinary shareholders reached 176,233, with 72.67% of shares being A-shares[7] Research and Development - Research and development expenses increased to CNY 4.5 billion in Q1 2022, compared to CNY 3.5 billion in Q1 2021, marking a rise of about 28.9%[19] Debt and Borrowings - The company's short-term borrowings increased to CNY 61.9 billion in Q1 2022 from CNY 34.5 billion in Q1 2021, a rise of about 79.5%[19] - Long-term borrowings rose to CNY 346.3 billion in Q1 2022, compared to CNY 320.4 billion in Q1 2021, indicating an increase of approximately 8.1%[19] Management Focus - The company plans to focus on high-quality development and optimize management to ensure stable growth in 2022[6] - The increase in operating profit was 16.41%, attributed to growth in core business scale and effective cost control[6] - The company experienced a significant increase in investment income by 185.08%, mainly due to losses from certain overseas joint ventures[6]

Financial Performance - The company's operating revenue for Q1 2022 reached RMB 172.10 billion, representing a year-on-year increase of 13.27%[4] - Net profit attributable to shareholders of the listed company was RMB 5.09 billion, an increase of 17.74% compared to the same period last year[4] - Basic earnings per share for the period was RMB 0.29, reflecting a growth of 16.00%[4] - Operating profit for Q1 2022 was RMB 8.0 billion, representing a growth of 16.4% compared to RMB 6.9 billion in Q1 2021[21] - Net profit for Q1 2022 reached RMB 6.3 billion, up 11.5% from RMB 5.7 billion in Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 1,477.49 billion, up 6.23% from the previous year[5] - The total current assets reached RMB 617.10 billion, up from RMB 567.34 billion at the end of 2021, indicating an increase of about 8.8%[18] - The company's total assets as of March 31, 2022, were RMB 1.48 trillion, compared to RMB 1.39 trillion at the end of 2021, reflecting a growth of approximately 6.2%[20] - Total liabilities increased to RMB 1.07 trillion from RMB 999.48 billion, marking an increase of about 7.4%[20] - The company's long-term borrowings rose to RMB 346.26 billion, up from RMB 320.38 billion, which is an increase of approximately 8.1%[20] Shareholder Information - The equity attributable to shareholders of the listed company increased to RMB 266.33 billion, a rise of 2.30% year-on-year[5] - The total number of shares outstanding is 16,165,711,425, with A-shares accounting for 72.67% and H-shares for 27.33%[11] - As of the end of the reporting period, the total number of common shareholders is 176,233, including 163,644 A-share holders and 12,589 H-share holders[12] - The largest shareholder, China Communications Construction Group Co., Ltd., holds 9,374,616,604 shares, accounting for 57.99% of the total share capital[12] Contracts and Projects - In Q1 2022, the company signed new contracts worth RMB 430.693 billion, a year-on-year increase of 4.90% and 64.89% higher than Q4 2021, achieving 30% of the annual target[14] - The new contracts from overseas regions amounted to RMB 61.646 billion (approximately USD 9.553 billion), representing a year-on-year growth of 5.71% and accounting for 14% of the total new contracts[14] - The total investment estimate for new infrastructure projects is RMB 70.94 billion, with RMB 64.422 billion for domestic projects and RMB 6.518 billion for overseas projects[14] - The construction business generated RMB 3,792.77 billion in Q1 2022, reflecting a 5.90% increase compared to the same period last year[15] - The port construction segment saw a significant increase of 42.93%, reaching RMB 211.26 billion in Q1 2022[15] Cash Flow and Financing - The company reported a net cash flow from operating activities of RMB -33.36 billion, which is not comparable due to changes in reporting methods[4] - Cash flow from operating activities showed a net outflow of RMB 33.4 billion, slightly improved from a net outflow of RMB 33.9 billion in Q1 2021[23] - Cash inflow from financing activities totaled ¥111,968,990,823 in Q1 2022, up from ¥89,486,568,897 in Q1 2021, representing a 25.3% increase[24] - Net cash flow from financing activities was ¥72,371,654,171 in Q1 2022, compared to ¥49,549,790,908 in Q1 2021, indicating a significant increase of 46.0%[24] - Cash received from investments in Q1 2022 was ¥6,525,231,462, significantly higher than ¥909,412,158 in Q1 2021, marking a growth of 619.5%[24] Investment and Management Strategy - The increase in operating profit by 16.41% was primarily due to the growth in the scale of main business and effective cost control[9] - The company aims to optimize management and strengthen production management to ensure stable growth in 2022[8] - The company aims to strengthen its investment strategy and focus on high-quality projects and strategic key projects[14] Other Financial Metrics - Research and development expenses increased to RMB 4.5 billion, a rise of 29.0% from RMB 3.5 billion in Q1 2021[21] - Total operating costs for Q1 2022 were RMB 163.8 billion, up 12.9% from RMB 145.1 billion in Q1 2021[21] - Other comprehensive income after tax for Q1 2022 was a loss of RMB 1.3 billion, compared to a gain of RMB 1.8 billion in Q1 2021[22] - The company's contract assets increased to RMB 144.37 billion from RMB 130.05 billion, representing a growth of approximately 11.0%[18]