Financial Performance - The company's operating revenue for Q1 2023 was CNY 176.59 billion, representing a year-on-year increase of 2.61%[3] - The net profit attributable to shareholders was CNY 5.58 billion, reflecting a year-on-year growth of 9.60%[3] - The company reported a basic earnings per share of CNY 0.32, up by 11.65% year-on-year[3] - Net profit for Q1 2023 was RMB 6.94 billion, up 9.7% from RMB 6.33 billion in Q1 2022[19] - The company's operating profit for Q1 2023 was RMB 8.47 billion, compared to RMB 8.01 billion in the same period last year, reflecting a growth of 5.8%[19] - Earnings per share for Q1 2023 were RMB 0.32, compared to RMB 0.29 in Q1 2022, indicating a growth of 10.3%[19] - The total comprehensive income attributable to the owners of the parent company for Q1 2023 was CNY 2,639,084,990, a significant recovery from a loss of CNY -610,529,853 in Q1 2022[23] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 25.63 billion, indicating a significant outflow[3] - In Q1 2023, the net cash flow from operating activities was -25.63 billion RMB, an improvement from -33.36 billion RMB in Q1 2022, indicating a 23.4% reduction in cash outflow[20] - The cash flow from operating activities for Q1 2023 was CNY 2,505,491,219, a recovery from a negative cash flow of CNY -4,781,075,671 in Q1 2022[24] - The cash and cash equivalents at the end of Q1 2023 were RMB 77.99 billion, a significant increase from RMB 36.03 billion in the previous year[18] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 29,616,782,202, up from CNY 21,343,292,717 at the end of Q1 2022, indicating an increase of approximately 38.8%[24] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1.63 trillion, an increase of 8.07% compared to the end of the previous year[4] - The total assets of the company as of Q1 2023 were RMB 1.63 trillion, up from RMB 1.51 trillion in the previous year[18] - The total liabilities as of March 31, 2023, were CNY 1,633.36 billion, reflecting the company's financial position[17] - Total liabilities as of Q1 2023 amounted to RMB 1.20 trillion, an increase from RMB 1.09 trillion in the previous year[18] - The company's total equity reached RMB 434.20 billion in Q1 2023, compared to RMB 426.18 billion in Q1 2022[18] Shareholder Information - The company’s total number of ordinary shareholders was 162,951, with 72.67% of shares held as A-shares[9][10] - The largest shareholder, China Communications Construction Group, holds 57.99% of the shares[10] Business Operations and Strategy - The company is focusing on high-quality development and market expansion strategies to drive future growth[6] - The company plans to continue focusing on high-quality projects and strategic key projects to enhance its market position[14] - The company aims to strengthen its traditional advantages in the "big transportation" sector while expanding its overseas business[14] - The new contract amount for the first quarter of 2023 was CNY 457.81 billion, representing a year-on-year increase of 6.30%[14] - The overseas new contract amount reached CNY 83.42 billion (approximately USD 12.40 billion), a year-on-year growth of 35.32%, accounting for 18% of the total new contracts[14] - The infrastructure construction business contributed CNY 401.22 billion to the new contracts, with a year-on-year increase of 5.79%[15] Expenses - Sales expenses increased by 54.69% due to higher market development costs associated with overseas business expansion[7] - Research and development expenses increased to RMB 5.04 billion in Q1 2023, up 11.7% from RMB 4.51 billion in Q1 2022[19] - The company reported a decrease in financial expenses to RMB 1.07 billion in Q1 2023, down from RMB 1.96 billion in Q1 2022[19] - The company reported a significant decrease in management expenses, which rose to CNY 268,311,558 in Q1 2023 from CNY 192,868,771 in Q1 2022, reflecting an increase of about 39.2%[23] Financing Activities - The company issued four short-term financing bonds in January and March 2023, totaling CNY 100 billion with interest rates ranging from 2.16% to 2.28%[15][16] - The total cash inflow from financing activities in Q1 2023 was CNY 16,698,185,002, compared to CNY 11,565,000,000 in Q1 2022, showing an increase of approximately 44.5%[24] - The net cash flow from financing activities was 74.47 billion RMB, compared to 72.37 billion RMB in Q1 2022, reflecting a 2.9% increase[20] - The company’s short-term borrowings increased to 27.87 billion RMB from 17.07 billion RMB, a significant rise of 63.5%[22]

Business Performance - The company achieved a revenue of RMB 717.473 billion for the year ended December 31, 2022, representing a year-on-year growth of 5.1%[36]. - Net profit attributable to shareholders was RMB 20.065 billion, an increase of 9.4% compared to the previous year[36]. - The basic earnings per share rose to RMB 1.14, reflecting a growth of 9.8% year-on-year[36]. - New contracts signed amounted to RMB 1,542.256 billion, marking a significant increase of 21.6% year-on-year[41]. - The total amount of uncompleted contracts as of December 31, 2022, was RMB 3,388.325 billion, up from RMB 3,128.254 billion in 2021[39]. - The company achieved a total operating revenue of CNY 571.31 billion from contracted projects in Belt and Road countries[62]. - In 2022, the company signed new contracts worth CNY 1,542.256 billion, achieving 109% of the annual target, while operating revenue was CNY 717.47 billion, meeting 99% of the target[112]. Innovation and Technology - The company holds 15 national-level innovation platforms, 113 provincial-level platforms, and 28 group-level platforms, enhancing its research and development capabilities[32]. - The company has accumulated 40 National Science and Technology Progress Awards and 5 National Technology Invention Awards, showcasing its commitment to innovation[34]. - The company has a total of 27,189 authorized patents, reflecting its strong focus on technological advancement[34]. - The company has established a technology innovation leadership team to address key core technology challenges and enhance its independent innovation capabilities[53]. - The company has developed strategic high-end equipment, including the "Tian Kun" heavy self-propelled dredger and the "Shou Chuang" ultra-deep vertical drilling machine, demonstrating its technological advancements[55]. - The company is focusing on new technologies and sustainable practices in construction, aiming to meet dual carbon goals[113]. Market Expansion and Strategy - The company aims to enhance its global competitiveness as a technology-driven, management-oriented, and quality-focused enterprise[34]. - The company is committed to internationalization, enhancing its global competitiveness and leveraging the "Belt and Road" initiative[45]. - The company plans to enhance its market share and improve the quality of its investment structure while focusing on value investment principles[44]. - The company aims to strengthen its traditional business market advantages while promoting the growth of emerging industries to counteract macroeconomic volatility[172]. - The company is actively pursuing mergers and acquisitions to enrich its qualifications in water conservancy and construction, facilitating entry into new markets[56]. Financial Management - The company's cash flow improved significantly, with a net cash inflow of CNY 6.623 billion in 2022, compared to cash outflow in 2021, driven by operational reforms and enhanced project profitability[126]. - The company's financial income rose by 45.9% to CNY 21.309 billion in 2022, primarily due to increased interest income from PPP projects[128]. - The net financial expenses increased by 12.2% to CNY 21.916 billion, mainly due to higher interest costs from bank and other borrowings[129]. - The company's asset-liability ratio decreased slightly to 71.8% in 2022 from 71.9% in 2021, indicating improved leverage management[130]. - The company plans to raise CNY 30 billion through preferred stock issuance to enhance its capital strength and support strategic planning[120]. Infrastructure Development - The company has participated in over 130 key national railway projects, demonstrating its extensive involvement in infrastructure development[31]. - The company is actively participating in national strategic projects, including the construction of the Pinglu Canal and various automated terminals[64]. - The company has established a full industry chain layout for rail transit, focusing on investment financing, design, equipment manufacturing, and operation maintenance[67]. - The company is committed to high-quality progress in major engineering projects, including the Sichuan-Tibet Railway and the Xiong'an New Area to Xinzhou high-speed railway[67]. - The company is focusing on digital construction and green building methods, aligning with national dual carbon goals and enhancing urban modernization[70]. Environmental and Social Responsibility - The company emphasizes green and low-carbon transformation, with the establishment of a Green Low-Carbon Development Research Center[31]. - The company is actively participating in various water management and sewage treatment projects across multiple provinces, contributing to environmental sustainability[70]. - The company is focusing on green development and has initiated several ecological restoration projects, enhancing its market opportunities[78]. Risk Management - The group faced macroeconomic pressures, including economic contraction and supply shocks, which could significantly impact its development and operations[172]. - The group operates in over 130 countries, exposing it to various international risks, including political and economic instability, which may affect compliance and project execution[173]. - The company is actively managing foreign exchange risks and may use derivative financial instruments for hedging when deemed necessary[177]. - The company is enhancing cost awareness and implementing centralized procurement strategies to mitigate risks associated with raw material price fluctuations[175]. Shareholder Returns - The company reported a final dividend of RMB 0.21707 per share, equivalent to approximately HKD 0.24735, representing 20% of the net profit available for distribution to ordinary shareholders for the year 2022, totaling approximately RMB 35.09 billion[189]. - The company maintains a sustainable dividend policy, distributing no less than 10% of the annual profit available for ordinary shareholders as cash dividends[188].

Financial Performance - The company's operating revenue for Q1 2023 was RMB 176.59 billion, representing a year-on-year increase of 2.61%[4] - Net profit attributable to shareholders was RMB 5.58 billion, reflecting a year-on-year growth of 9.60%[4] - Basic earnings per share for the period was RMB 0.32, an increase of 11.65% compared to the same period last year[4] - Total profit for Q1 2023 reached ¥8,500,211,131, an increase of 5.67% compared to ¥8,044,724,018 in Q1 2022[24] - Net profit attributable to shareholders of the parent company was ¥5,582,367,706, up 9.62% from ¥5,093,589,966 in the same period last year[24] - Basic and diluted earnings per share for Q1 2023 were both ¥0.32, compared to ¥0.29 in Q1 2022, reflecting a 10.34% increase[25] - Operating profit for Q1 2023 was RMB 8.47 billion, compared to RMB 8.01 billion in Q1 2022, indicating an increase of about 5.83%[23] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 1.63 trillion, up 8.07% from the end of the previous year[5] - Total liabilities increased to RMB 1.20 trillion as of March 31, 2023, from RMB 1.09 trillion at the end of 2022, reflecting a growth of approximately 10.61%[22] - Current assets totaled RMB 686.10 billion as of March 31, 2023, compared to RMB 616.26 billion at the end of 2022, marking an increase of about 11.31%[20] - Non-current assets amounted to RMB 947.26 billion as of March 31, 2023, up from RMB 895.09 billion at the end of 2022, representing a growth of approximately 5.83%[21] - Total assets reached RMB 1.63 trillion as of March 31, 2023, compared to RMB 1.51 trillion at the end of 2022, indicating an increase of about 8.06%[22] - Total liabilities as of March 31, 2023, amounted to RMB 143.61 billion, up from RMB 138.53 billion at the end of 2022, marking an increase of approximately 3.1%[30] Cash Flow - The net cash flow from operating activities showed a net outflow of RMB 25.63 billion, with improvements in cash flow management noted[7] - Cash flow from operating activities showed a net outflow of ¥25,633,637,952, an improvement from a net outflow of ¥33,363,409,598 in Q1 2022[26] - The net cash flow from operating activities was CNY 2.51 billion, a significant recovery from a net outflow of CNY 4.78 billion in the same period last year[33] - Cash inflow from financing activities reached CNY 16.70 billion, up from CNY 11.57 billion in Q1 2022, reflecting a 44.5% increase[34] - The net cash flow from financing activities was CNY 6.70 billion, compared to CNY 4.25 billion in the previous year, indicating a strong performance[34] Shareholder Information - The total number of ordinary shareholders reached 162,951, with A-shares accounting for 72.67% of the total share capital[10] - The total number of shareholders at the end of the reporting period was 162,951, with the largest shareholder, China Communications Construction Group, holding 57.99% of the shares[12] - The company maintained a stable shareholding structure, with no significant changes in the top ten shareholders compared to December 31, 2022[12] Business Development - The company is committed to high-quality development and market expansion strategies, focusing on internal management improvements[7] - The company signed new contracts worth CNY 457.81 billion in 2023, representing a year-on-year increase of 6.30%[15] - The new contracts from overseas regions amounted to CNY 83.42 billion (approximately USD 12.40 billion), a year-on-year increase of 35.32%, accounting for 18% of the total new contracts[15] - The infrastructure construction business generated CNY 401.22 billion in new contracts, while the design business contributed CNY 17.40 billion[15] - The company’s overseas engineering contracts reached CNY 75.65 billion, reflecting a year-on-year growth of 24.55%[17] - The company’s total revenue from the infrastructure construction business was CNY 401.22 billion, up 5.79% from the previous year[17] - The company’s strategic focus remains on enhancing its core business and expanding its international presence, particularly in the Belt and Road Initiative[15] Expenses - The company experienced a 54.69% increase in selling expenses due to overseas business expansion and market development costs[8] - Research and development expenses rose to RMB 5.04 billion in Q1 2023, up from RMB 4.51 billion in Q1 2022, reflecting a growth of approximately 11.76%[23] - The company reported a decrease in financial expenses to RMB 1.07 billion in Q1 2023 from RMB 1.96 billion in Q1 2022, a reduction of approximately 45.49%[23] - The company's financial expenses for Q1 2023 were RMB 131.83 million, compared to RMB 115.51 million in Q1 2022, indicating an increase of about 14.1%[31] Cash Management - The company’s cash and cash equivalents increased to RMB 140.10 billion as of March 31, 2023, up from RMB 112.82 billion at the end of 2022, reflecting a growth of about 24.19%[20] - The total cash and cash equivalents at the end of Q1 2023 were CNY 29.62 billion, up from CNY 21.34 billion at the end of Q1 2022, representing a 38.8% increase[34] - The company received CNY 4 billion related to investment activities, significantly higher than CNY 845 million in Q1 2022, indicating improved investment returns[33] - The cash outflow for purchasing goods and services decreased to CNY 7.51 billion from CNY 10.36 billion in Q1 2022, showing better cost management[33]

Financial Performance - The company reported a total revenue of RMB 1,000 billion for the year 2022, marking a year-on-year increase of 10%[14]. - The net profit attributable to shareholders was RMB 80 billion, representing a growth of 12% compared to the previous year[14]. - The company achieved operating revenue of CNY 720.275 billion, a year-on-year increase of 5.02%[36]. - The net profit attributable to shareholders was CNY 19.10 billion, reflecting a 6.16% increase from CNY 17.99 billion in the previous year[23]. - The company reported a total net asset value of CNY 281.98 billion at the end of 2022, up from CNY 260.39 billion at the beginning of the year[26]. - The international financial reporting standards net profit for 2022 was CNY 20.06 billion, compared to CNY 18.35 billion in 2021, reflecting a growth of 9.31%[26]. - The total revenue for 2022 was CNY 172.10 billion in Q1, CNY 191.83 billion in Q2, CNY 178.06 billion in Q3, and CNY 178.30 billion in Q4, with a total annual revenue of CNY 720.29 billion[29]. - The company reported a significant increase in investment income, which rose by 545.72% to 1.33 billion RMB[78]. - The total profit amounted to CNY 30.97 billion, an increase of 7.72% from CNY 28.75 billion in the previous year[99]. Dividend and Profit Distribution - The company proposed a cash dividend of RMB 2.1707 per 10 shares (including tax), based on a profit distribution plan that allocates 20% of the net profit available for distribution to ordinary shareholders, amounting to approximately RMB 17.545 billion[4]. - The company distributed cash dividends totaling RMB 3,509,090,979, which represents 20% of the net profit attributable to ordinary shareholders of RMB 17,545,082,825[183]. - The company plans to distribute at least 10% of the annual distributable profits to ordinary shareholders in cash from 2023 to 2025, following the legal and regulatory requirements[185]. Contract and Project Development - The company signed new contracts worth CNY 1,542.256 billion in 2022, a year-on-year increase of 21.64%, achieving 109% of the annual target[35]. - The company signed new contracts in the "Big City" business exceeding CNY 1 trillion for the first time[15]. - The company signed new contracts worth USD 16.646 billion overseas, focusing on high-quality and sustainable development[10]. - The company signed new contracts for urban construction projects in China totaling CNY 678.981 billion in 2022, representing a year-on-year growth of 27.63%, and making up 50% of the infrastructure construction business[50]. - The company signed new contracts for railway construction in China amounting to CNY 44.873 billion, a year-on-year increase of 79.45%, accounting for 3% of the infrastructure construction business[49]. - The company signed new contracts worth CNY 54.899 billion in infrastructure design, representing a year-on-year growth of 23.35%[53]. Investment and R&D - The company aims to maintain a debt-to-asset ratio below 75% and invest approximately 3% of its revenue in R&D[13]. - The company has established 15 national-level innovation platforms and 113 provincial-level platforms, enhancing its research and development capabilities[15]. - In 2022, the company's R&D expenditure was CNY 23.631 billion, accounting for 3.28% of operating revenue, a decrease of 0.05 percentage points from the previous year[73]. - Research and development expenses rose by 3.58% to 23.40 billion RMB, indicating a continued investment in innovation[78]. - The company is focusing on green and low-carbon development, establishing a carbon asset management center and publishing carbon emission calculation standards for road and waterway engineering[15]. Market Expansion and International Presence - The company operates in 139 countries and regions, with a significant presence in infrastructure construction and design[14]. - The company aims to enhance its global resource allocation capabilities and optimize its overseas business structure, particularly in the context of the Belt and Road Initiative[10]. - The company is focused on expanding its market presence in both domestic and international sectors, particularly in major transportation projects[13]. - The company is actively participating in major national strategic projects, including the Yangtze River and Yellow River ecological protection initiatives[44]. - The company has successfully entered overseas markets, with significant projects in Cambodia, Bangladesh, Malaysia, and Croatia, showcasing its integrated service capabilities[52]. Governance and Management - The board of directors consists of 9 members, with 5 external directors, ensuring a majority of independent oversight[148]. - The company has implemented a comprehensive management system to ensure the independence of its operations from the controlling shareholder[150]. - The company’s governance structure aligns with the requirements of the Company Law and the Articles of Association, ensuring clear boundaries of authority and responsibility[151]. - The audit and internal control committee is composed entirely of external directors, reinforcing the integrity of financial oversight[148]. - The company has established a compensation and assessment committee to determine the remuneration of directors and supervisors[163]. Strategic Goals and Future Outlook - The company aims for a new contract value growth of no less than 9.8% and operating revenue growth of no less than 7% in 2023[37]. - The company plans to enhance its investment structure and focus on value investment to improve quality and efficiency[38]. - The company is committed to maintaining a strong balance sheet, with a debt-to-equity ratio of 0.5, ensuring financial stability for future growth[156]. - The management team has outlined a commitment to sustainability, with plans to reduce carbon emissions by 30% by 2030[155]. - Future guidance indicates a projected revenue growth of 12% for 2023, with a target of 1.34 trillion CNY[161].

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]