北京金隅集团股份有限公司董事会审计委员会 2023年度履职情况报告 2023 年，北京金隅集团股份有限公司（以下简称"公司"）董事会审 计委员会按照《上海证券交易所股票上市规则》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》和公司《章程》《审计委员会议事 规则》的有关规定履行相应的职责和义务，充分发挥审计委员会的监督 作用，现就 2023 年度履职情况汇报如下： 一、审计委员会基本情况 公司第六届董事会审计委员会由独立董事洪永淼、于飞、刘太刚、 谭建方及非执行董事顾铁民 5 名成员组成，其中独立董事洪永淼作为会 计专业人士担任审计委员会主任。 二、审计委员会年度会议召开情况 报告期内，公司董事会审计委员会根据《公司法》《上市公司治理准 则》、公司《章程》《审计委员会工作细则》及其他有关规定，积极履行职 责。2023 年度，审计委员会共召开了 4 次会议，具体情况如下： （一）2023 年 3 月 28 日召开了第六届董事会审计委员会第八次会 议，听取并审议通过了以下事项和议案： 1．审计师关于公司 2022 年度审计工作汇报； 2．关于公司 2022 年度报告、年报摘要及业绩公告的议案； 3． ...

关于 2024 年度投资理财计划的公告 证券代码：601992 证券简称：金隅集团 编号：临 2024－008 北京金隅集团股份有限公司 关于 2024 年度投资理财计划的公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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。 北京金隅集团股份有限公司（以下简称"公司"、"本公司"或"金 隅集团"）于 2024 年 3 月 28 日召开第六届董事会第三十八次会议，审 议通过了《关于公司 2024 年度投资理财计划的议案》。 为实现公司资金的有效利用，提高资金使用效率，降低财务成本， 根据公司经营计划和资金使用情况，在保证资金流动性和安全性的基础 上，公司全资子公司北京金隅财务有限公司（以下简称"金隅财务公司"）、 金隅融资租赁有限公司及北京金隅融资租赁有限公司（两租赁公司以下 简称"金隅租赁公司"）拟使用闲置自有资金用于低风险特征投资理财， 具体情况如下： 一、投资理财概述 （一）目的 1.公司存量货币资金作为银行存款，收益相对较低。适度开展有价 证券投资业务，可在充分保障日常经营性资金需求，不影响正常生产经 营,并有效控制风 ...

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 107,955.7 million, an increase of approximately 5.0% compared to 2022[2]. - Net loss was approximately RMB 1,287.4 million, compared to a net profit of RMB 1,739.9 million in 2022[2]. - Net profit attributable to shareholders of the parent company was approximately RMB 25.3 million, a decrease of about 97.9% from the previous year[2]. - The company reported a total comprehensive loss of approximately RMB 1,387.8 million for the year, compared to a total comprehensive income of RMB 1,599.7 million in 2022[7]. - The company achieved a total operating revenue of approximately RMB 107,955.7 million, representing a year-on-year increase of about 5.0%[70]. - The total profit amounted to approximately RMB 300.4 million, a year-on-year decrease of about 91.0%[82]. Earnings and Dividends - Basic loss per share attributable to shareholders of the parent company (excluding other equity instruments) was approximately RMB 0.08, compared to a basic earnings per share of RMB 0.03 in 2022[4]. - The board proposed a final dividend of RMB 0.025 per share (pre-tax) for the year ended December 31, 2023, compared to RMB 0.067 per share in 2022[5]. - Basic earnings per share for continuing operations decreased to RMB 0.002 in 2023 from RMB 0.11 in 2022, reflecting a decline of approximately 98.2%[39]. Assets and Liabilities - Total equity attributable to shareholders of the parent company at the end of the reporting period was approximately RMB 73,007.0 million, an increase of about RMB 9,377.1 million from the beginning of the period[4]. - Total current assets decreased from CNY 156.82 billion to CNY 141.07 billion, a decline of approximately 10% year-over-year[9]. - Total liabilities decreased from CNY 186.66 billion to CNY 175.31 billion, a decline of about 6.5%[12]. - The total assets decreased from CNY 281.56 billion to CNY 269.68 billion, a decline of about 4.2%[10]. - The group’s total liabilities amounted to approximately RMB 175,314.8 million, with a debt-to-asset ratio of approximately 65.0%, a decrease of about 1.3 percentage points from the beginning of the reporting period[109]. Research and Development - Research and development expenses for the year were RMB 530.2 million, an increase from RMB 410.1 million in 2022[6]. - Research and development investment intensity rose by 14% in 2023, resulting in 9 provincial-level technology awards and 623 patent authorizations[72]. - The company applied for nearly 800 patents in 2023, including over 170 invention patents, to support the development of strategic emerging industries and innovative businesses[99]. Inventory and Receivables - Inventory decreased significantly from CNY 111.18 billion to CNY 95.81 billion, a reduction of approximately 14%[9]. - Accounts receivable increased from CNY 7.62 billion to CNY 8.19 billion, representing an increase of about 7.3%[9]. - The total inventory balance as of December 31, 2023, was RMB 98,507,922,585.16, with a provision for impairment of RMB 2,697,859,797.06, leading to a net inventory value of RMB 95,810,062,788.10[48]. - The company's total receivables increased to RMB 613,180,024.79 in 2023 from RMB 422,263,122.28 in 2022, representing an increase of about 45.2%[42]. Borrowings and Financial Management - Short-term borrowings increased from CNY 25.48 billion to CNY 29.53 billion, an increase of approximately 7.9%[12]. - Long-term borrowings rose from CNY 32.64 billion to CNY 37.74 billion, an increase of about 15.5%[12]. - The company reported a significant increase in other equity instruments from CNY 16.50 billion to CNY 27.47 billion, an increase of approximately 66.5%[13]. - The company maintained a stable financial position with no overdue notes payable or accounts payable as of the end of 2023[53][55]. Market and Operational Strategy - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[14]. - The company aims to enhance operational efficiency through refined management and by actively participating in affordable housing construction and urban renewal projects[74]. - The outlook for 2024 includes potential support for cement demand from government infrastructure projects and a gradual stabilization of the real estate market[73]. Corporate Governance - The company has established a robust corporate governance framework, adhering to the principles of the Corporate Governance Code and ensuring compliance with all relevant regulations[128]. - The board consists of four executive directors, two non-executive directors, and four independent non-executive directors, meeting the minimum gender diversity requirement[129]. - The company will continue to review and enhance its internal controls and risk management procedures to align with the latest developments in corporate governance[128]. Employee and Training - As of December 31, 2023, the group had a total of 44,885 employees, a decrease from 45,991 employees as of December 31, 2022, representing a reduction of approximately 2.4%[119]. - The total employee compensation for the reporting period was approximately RMB 7,075.3 million, down from RMB 7,267.4 million for the year ended December 31, 2022, reflecting a decrease of about 2.6%[119]. - In 2023, the group conducted 4,371 training programs with a total participation of 210,000 person-times, achieving a training coverage rate of 100%[120].

北京金隅集团股份有限公司独立董事工作制度 北京金隅集团股份有限公司 独立董事工作制度 第一章 总 则 第一条 为了进一步完善北京金隅集团股份有限公司（以下简 称公司）的法人治理结构，促进公司规范运作，保证独立董事依 法、规范履行职责，根据《中华人民共和国公司法》（以下简称 《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、 中国证券监督管理委员会（以下简称"中国证监会"）《上市公 司独立董事管理办法》（以下简称《管理办法》）、香港联合交 易所有限公司（以下简称"联交所"）《香港联合交易所有限公 司证券上市规则》（以下简称《联交所上市规则》）、上海证券 交易所（以下简称"上交所"）《上海证券交易所股票上市规则》 （以下简称《上交所上市规则》，与《联交所上市规则》合称《上 市规则》）、《上海证券交易所上市公司自律监管指引第1号—— 规范运作》（以下简称《规范运作指引》）及《北京金隅集团股 份有限公司章程》（以下简称《公司章程》）的有关规定，特制 定本制度。 第二条 本制度所指独立董事是指不在公司担任除董事、董事 会专门委员会委员外的其他职务，与公司及主要股东、实际控制 人不存在直接或者间接利害关系，或 ...

北京金隅集团股份有限公司总经理工作细则 北京金隅集团股份有限公司 总经理工作细则 第一章 总 则 第一条 为健全和规范北京金隅集团股份有限公司（以下简 称公司）法人治理结构，提高公司生产经营管理活动的质量和效 率，规范公司总经理及经理层的经营管理行为，根据《中华人民 共和国公司法》（以下简称《公司法》）、《上市公司章程指引》、《上 海证券交易所股票上市规则》、《香港联合交易所有限公司证券上 市规则》（以下合称《上市规则》）等有关法律、法规和《北京 金隅集团股份有限公司章程》（以下简称《公司章程》）以及《北 京金隅集团股份有限公司董事会议事规则》的有关规定，结合公 司实际制定本工作细则（以下简称本细则）。 第二条 总经理负责全面主持公司的日常经营管理工作，行 使《公司法》、《公司章程》和董事会赋予的职权，对董事会负责。 第三条 本细则是公司经理层及其成员工作的基本行为规范， 是指导制定公司经营管理的规定、办法和操作细则等公司制度的 基本依据。 本条上款所称公司经理层成员包括公司总经理、副总经理、 财务总监等（以下将副总经理、财务总监等合称其他高级管理人 员）。 （七）聘任或者解聘除应由董事会聘任或者解聘以外的负 ...

Financial Performance - Q3 2023 operating revenue was approximately ¥23.46 billion, a decrease of 4.42% year-on-year[3] - Net profit attributable to shareholders was a loss of ¥399.45 million, representing a decline of 180.90% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was a loss of ¥462.54 million, a decrease of 197.52% year-on-year[3] - Total revenue for the first three quarters of 2023 was CNY 72,595,439,481.75, a decrease of 8.4% compared to CNY 79,575,999,015.14 in the same period of 2022[19] - The net profit attributable to shareholders of the parent company for the first three quarters of 2023 was 10.61 million RMB, down from 2.33 billion RMB in the same period of 2022, indicating a significant decrease of approximately 99.5%[20] - The total comprehensive income for the first three quarters of 2023 was -460.70 million RMB, compared to 2.88 billion RMB in the same period of 2022, reflecting a substantial decline[21] - Operating profit for the first three quarters of 2023 was not explicitly stated but showed a significant loss compared to the previous year, which was 3.32 billion RMB[20] - The total profit for the first three quarters of 2023 was not explicitly stated but showed a loss compared to 4.45 billion RMB in the same period of 2022[20] Cash Flow - Cash flow from operating activities for the year-to-date was approximately ¥8.99 billion, down 31.30% compared to the previous year[4] - Net cash flow from operating activities decreased by 31.3% due to a reduction in operating inflows[10] - Cash inflow from operating activities totaled 83.55 billion RMB for the first three quarters of 2023, compared to 87.80 billion RMB in the same period of 2022, showing a decrease of about 4.0%[22] - The net cash flow from operating activities for the first three quarters of 2023 was approximately ¥8.996 billion, a decrease of 31.9% compared to ¥13.095 billion in the same period of 2022[23] - Cash inflow from investment activities was approximately ¥5.238 billion, down from ¥6.351 billion in the previous year, marking a decline of 17.5%[23] - The net cash flow from investment activities was approximately ¥1.510 billion, a significant improvement from a negative cash flow of ¥4.627 billion in the same period of 2022[23] - Cash inflow from financing activities totaled approximately ¥59.258 billion, an increase of 17.4% compared to ¥50.434 billion in the previous year[23] - The net cash flow from financing activities was negative at approximately ¥4.608 billion, an improvement from a negative cash flow of ¥8.687 billion in the same period of 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥282.60 billion, an increase of 0.39% from the end of the previous year[4] - The company's total assets as of September 30, 2023, amounted to CNY 282,603,967,390.09, compared to CNY 281,520,054,328.32 at the end of 2022, showing a slight increase[18] - The total liabilities as of September 30, 2023, were CNY 188,139,954,093.92, up from CNY 186,624,115,819.93 at the end of 2022, indicating a rise of 0.8%[17] - The total liabilities decreased to approximately ¥80.405 billion from ¥90.531 billion at the end of 2022, reflecting a reduction of 11.8%[25] - The company's total equity increased to ¥62,314,711,147.01 as of September 30, 2023, up from ¥52,300,212,779.65 at the end of 2022[26] Shareholder Information - Shareholders' equity attributable to the parent company was approximately ¥72.31 billion, up 13.64% year-on-year[4] - Total number of ordinary shareholders at the end of the reporting period was 117,415[11] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 4,797,357,572 shares, accounting for 44.93%[11] Expenses and Investments - Research and development expenses increased to CNY 475,976,199.08 in 2023 from CNY 423,209,477.17 in 2022, representing a growth of 12.5%[19] - Investment income decreased by 34.5% primarily due to a decline in joint venture investment income[10] - The company reported a decrease in tax and additional charges to CNY 591,355,484.84 from CNY 1,112,557,252.18, a reduction of 46.9%[19] - The company reported a decrease in financial expenses to ¥484,159,649.05 in the first three quarters of 2023, down from ¥659,712,506.53 in the same period of 2022[27] Receivables and Payables - Accounts receivable increased by 37.2%, primarily due to some customers not yet reaching the settlement period[8] - Other receivables increased to ¥9,719,336,501.48 from ¥7,357,457,848.35 year-on-year[14] - The accounts payable decreased to CNY 18,277,565,325.90 from CNY 19,027,359,975.08, reflecting a decline of 3.9%[17]

Financial Performance - The company reported operating revenue of approximately RMB 72,595.4 million for the nine months ended September 30, 2023, representing a decrease of 8.77% year-on-year[2]. - The net loss attributable to shareholders for the same period was approximately RMB 10.6 million, a significant decline of 99.54% compared to the previous year[4]. - The basic earnings per share for the nine months was RMB 0.001, while the diluted earnings per share was also RMB 0.001, both showing a decline of 99.54%[4]. - The company recorded a net loss of RMB 399.45 million for the third quarter, a decrease of 180.90% compared to the same period last year[4]. - Net profit attributable to shareholders for the reporting period decreased by 180.90% as a result of market decline and reduced company performance[9]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, dropped by 197.52% during the reporting period due to overall market weakness[10]. - Total operating revenue for the first nine months of 2023 was CNY 72.60 billion, a decrease of 8.5% compared to CNY 79.58 billion in the same period last year[17]. - Net profit for the first nine months of 2023 was a loss of CNY 418.88 million, compared to a profit of CNY 3.09 billion in the previous year[18]. - The total comprehensive income for the first nine months was a loss of CNY 460.70 million, compared to a profit of CNY 2.88 billion in the same period last year[19]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 282,603.97 million, reflecting a slight increase of 0.39% from the end of the previous year[4]. - The total liabilities as of September 30, 2023, were RMB 188,139,954,093.92, a slight increase from RMB 186,624,115,819.93, reflecting a growth of approximately 0.8%[16]. - Total non-current assets reached RMB 126,565,046,200.06, compared to RMB 124,695,698,003.51 at the end of 2022, marking an increase of about 1.5%[15]. - The total current liabilities stood at 118.84 billion, with no adjustments noted[25]. - Total liabilities rose from 186.62 billion to 186.66 billion, an increase of 39.73 million[26]. Cash Flow - The net cash flow from operating activities for the nine months was RMB 8,996.16 million, down 31.30% year-on-year[4]. - Net cash flow from operating activities decreased by 31.3% due to a reduction in operating inflows during the reporting period[9]. - Cash flow from operating activities generated a net amount of ¥8,996,162,667.05, a decrease of 31.99% compared to ¥13,094,544,106.62 from the previous period[21]. - Cash inflow from investment activities totaled ¥5,238,123,812.29, down from ¥6,350,665,703.77, indicating a decline of 17.53%[22]. - Cash outflow from investment activities was ¥3,728,619,852.79, significantly lower than ¥10,977,205,457.33, reflecting a decrease of 66.06%[22]. - The net cash flow from financing activities was -¥4,608,171,070.13, an improvement from -¥8,687,460,620.20 in the previous period[22]. Shareholder Equity - The net assets attributable to shareholders increased by 13.64% year-on-year, reaching RMB 72,312.19 million[4]. - The company's total equity attributable to shareholders increased to RMB 72,312,188,926.96 from RMB 63,629,915,365.49, representing a growth of about 13.3%[16]. - The total equity remained stable at 94.90 billion, with no changes reported[26]. - The company maintained a capital reserve of 5.43 billion, consistent with prior figures[26]. Operational Metrics - The company experienced a 44.2% increase in notes receivable, primarily due to customers using bills for settlement during the reporting period[8]. - The company reported a decrease in inventory from RMB 111,184,131,016.91 to RMB 100,927,539,930.56, a reduction of about 9.8%[14]. - Research and development expenses increased to CNY 475.98 million, up 12.4% from CNY 423.21 million year-on-year[17]. - The company reported a decrease in sales revenue from CNY 81.70 billion to CNY 77.67 billion, reflecting a decline of 4.1%[20]. - Financial expenses increased to CNY 2.08 billion, compared to CNY 1.98 billion in the previous year, marking a rise of 5.5%[17].

Financial Performance - For the first half of 2023, the company reported a total revenue of approximately RMB 49,136.3 million, a year-on-year decrease of about 10.7%[14] - The net profit attributable to shareholders was approximately RMB 410.1 million, representing a year-on-year decrease of about 77.7%[14] - The basic earnings per share attributable to shareholders was RMB 0.0025, a year-on-year decrease of approximately 98.1%[14] - The company's operating revenue for the first half of 2023 was RMB 49,136,301, a decrease of 10.7% compared to RMB 55,033,122 in the same period of 2022[30] - The main business revenue was RMB 48,668,621, down 10.8% from RMB 54,557,415 year-on-year[30] - The gross profit from main business was RMB 5,295,552, reflecting a significant decline of 35.0% from RMB 8,149,616[30] - The total profit for the period was RMB 425,682, a drastic drop of 87.4% compared to RMB 3,374,481 in the previous year[30] - The net profit was RMB 14,659, down 99.4% from RMB 2,419,498 in the same period last year[30] - The total profit for the period was approximately RMB 425.7 million, a year-on-year decrease of about 87.4%, while the net profit was approximately RMB 14.7 million, down about 99.4%[35] - The company reported a total comprehensive income of RMB 406.07 million attributable to shareholders of the parent company, down from RMB 1.79 billion in the previous year, a decline of approximately 77.3%[111] Strategic Initiatives - The company strengthened its strategic layout, with a new clinker production line in Jilin achieving a daily output of 4,500 tons and an additional limestone reserve of approximately 628 million tons[16] - The company is actively promoting green development, with two subsidiaries' photovoltaic projects now operational and 12 photovoltaic projects completed for filing[16] - The company plans to adopt a proactive approach to market opportunities, focusing on expanding effective demand and modernizing the industrial system[17] - The company expressed confidence in achieving high-quality development despite external pressures, with a commitment to strategic resource allocation and risk management[17] - The company is focusing on green and low-carbon development, enhancing its core competitiveness in the green building materials industry[49] - The company is committed to a dual-carbon strategy, exploring clean energy alternatives to promote sustainable development in the cement industry[51] - The company aims to leverage national policies to stimulate demand, focusing on green building materials and urban renewal projects to drive core business growth[59] Real Estate Development - The real estate development segment emphasized efficient inventory turnover and new product sales, enhancing product competitiveness[15] - The company achieved a total area of contracted signed properties of approximately 607.7 thousand square meters, a year-on-year increase of 64.9%[33] - The company has developed around 170 real estate projects, with a total construction area exceeding 30 million square meters[24] - The real estate development and operation segment reported revenue of RMB 10,986.8 million, with a gross margin of 18.0%, showing a significant year-on-year decline of 33.2%[40] - The real estate sector is transitioning from a "peak era" to a "quality era," requiring higher standards for product and service quality[62] Financial Health and Assets - The company’s total assets amounted to RMB 284,439.4 million, with a year-on-year increase of 1.0%[32] - The equity attributable to shareholders of the parent company increased by 12.3% year-on-year, reaching RMB 71,460.4 million[32] - The company’s cash and cash equivalents were reported at RMB 21,850.0 million, a significant increase of 36.6% year-on-year[32] - As of June 30, 2023, the total liabilities amounted to approximately RMB 190,810.7 million, with a debt-to-asset ratio of 67.1%, an increase of approximately 0.8 percentage points from the beginning of the period[63] - The group's net current assets were approximately RMB 35,746.9 million, a decrease of about RMB 2,232.8 million compared to the beginning of the period[63] Research and Development - Research and development expenses increased to approximately RMB 261.0 million, a rise of RMB 64.6 million or 32.9% year-on-year, reflecting increased R&D efforts[44] - R&D investment intensity exceeded the excellent value of the building materials industry, with 21 key research projects initiated under five major technology initiatives[53] - The company has been recognized with four provincial and ministerial-level science and technology awards and has been granted 245 patents, including 55 invention patents[53] Market Conditions and Challenges - The company is facing external risks due to a slowing global economy and domestic demand issues, but it remains optimistic about long-term economic resilience[59] - The cement industry is experiencing severe overcapacity, and the company plans to enhance its market control and adapt to new industry characteristics[60] - In the first half of 2023, the company will optimize its financing structure and ensure the stability of its capital chain amid rising debt risks[61] Corporate Governance and Investor Relations - The company actively engaged in investor relations activities, including roadshows and online performance briefings, to communicate its operational and financial performance[89] - The company has maintained compliance with the corporate governance code as per the listing rules, ensuring accountability and performance improvement[85] - The company has a dedicated investor relations management team to provide timely updates on industry conditions and business developments[88] - The audit committee meeting held on August 23, 2023, recommended the adoption of the interim financial statements for the first half of 2023[87] Environmental and Social Responsibility - The company achieved a significant reduction in pollutant emissions, with levels in key regions like Beijing-Tianjin-Hebei lower than national special emission limits[55] - A total of 26 large-scale energy-saving technical transformation projects were implemented in the first half of 2023[55] - The company is actively promoting green development, with a focus on clean production and the establishment of green factories and parks[55]

Financial Performance - The company's operating revenue for the first half of 2023 was ¥49.14 billion, a decrease of 10.72% compared to ¥55.03 billion in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥410.06 million, down 77.66% from ¥1.84 billion year-on-year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥548.63 million, a decline of 191.67% compared to ¥598.46 million in the previous year[16]. - Basic earnings per share for the reporting period were ¥0.0025, a decrease of 98.08% from ¥0.13 in the same period last year[17]. - The total profit for the period was CNY 430 million, a decline of 87.4% year-on-year, while net profit was CNY 15 million, down 99.4%[26]. - The new green building materials segment reported main business revenue of CNY 38.72 billion, a slight decrease of 0.8%, and a loss of CNY 240 million, down 111.6%[26]. - The company reported a total comprehensive income for the first half of 2023 of -¥23,489,850.61, a stark contrast to ¥2,336,946,752.41 in the first half of 2022[115]. Cash Flow and Assets - The net cash flow from operating activities increased by 12.44% to ¥4.22 billion from ¥3.75 billion in the same period last year[16]. - Cash and cash equivalents increased by 36.59% to ¥21,850,046,917.20, representing 7.68% of total assets[31]. - The total assets at the end of the reporting period were ¥284.44 billion, an increase of 1.04% from ¥281.52 billion at the end of the previous year[16]. - The company's cash and cash equivalents reached CNY 6.78 billion, up from CNY 5.58 billion, indicating a growth of approximately 21.5%[110]. - The ending cash and cash equivalents balance increased to CNY 16,683,010,351.17, up from CNY 13,461,571,841.53 at the end of the previous year[118]. Liabilities and Equity - The total liabilities as of June 30, 2023, were CNY 190.81 billion, up from CNY 186.62 billion, indicating a growth of about 2.3%[109]. - The company's long-term borrowings rose to CNY 36.39 billion, compared to CNY 32.64 billion at the end of 2022, reflecting an increase of approximately 11.5%[108]. - The total equity attributable to shareholders increased to CNY 71.46 billion as of June 30, 2023, from CNY 63.63 billion at the end of 2022, marking a rise of about 12.9%[109]. - The total amount of guarantees (including those to subsidiaries) was CNY 17,597,664,765.93, which accounts for 18.80% of the company's net assets[80]. Research and Development - R&D investment intensity exceeded the excellent value for the building materials industry, with 21 key research projects initiated under five major technology initiatives[24]. - Research and development expenses increased by 33% year-on-year, reflecting the company's commitment to enhancing its R&D efforts[28]. - The company has been awarded 4 provincial and ministerial-level science and technology awards and has obtained 245 authorized patents, including 55 invention patents[24]. Market and Industry Conditions - The cement industry is experiencing severe overcapacity, with ongoing supply-side structural reforms and stricter environmental regulations impacting operations[43]. - The real estate development sector saw a 7.9% year-on-year decline in investment, totaling RMB 58,550 billion, indicating ongoing market pressures[22]. - The company is actively exploring land acquisition opportunities in "white list" cities to secure future growth potential[43]. Environmental Compliance and Sustainability - The company has achieved a significant reduction in pollutant emissions, with levels in key regions lower than national special emission limits[24]. - The company is committed to implementing a dual-carbon strategy, accelerating the transition towards high-end, intelligent, and green development in the cement industry[43]. - The company has completed the construction of 13 SCR denitrification projects across its production lines by the first half of 2023[62]. Corporate Governance and Management - Key management changes included the election of Jiang Yingwu as chairman and the resignation of several directors and supervisors, including the former general manager[47]. - The company held one shareholders' meeting during the reporting period, with all proposals approved, including the 2022 annual financial settlement report and profit distribution plan[46]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[50]. Financing Activities - The company successfully issued CNY 11.5 billion in perpetual bonds, optimizing its financing structure and reducing weighted financing costs[26]. - The company issued a total of 20 million bonds with a 3.45% interest rate in April 2023, maturing in April 2026[92]. - The company has issued various medium-term notes with different interest rates and maturities, including the "19 Jinsui MTN001" with a rate of 4.35% and maturity in March 2024[100]. Strategic Initiatives - The company is focusing on strategic partnerships and collaborations to drive high-quality development and improve regional industry concentration[43]. - The company is actively participating in urban renewal projects in Beijing, contributing to major construction projects in the Beijing sub-center and Xiong'an New Area[23]. - The company plans to expand its market presence and invest in new technologies in the upcoming quarters to drive growth[114].

Financial Performance - The operating revenue for the six months ended June 30, 2023, was approximately RMB 49,136.3 million, a decrease of about 10.7% compared to the same period in 2022[2]. - The gross profit margin for the main business was approximately 10.9%, a decrease of about 4.0 percentage points from the same period in 2022[2]. - The net profit attributable to shareholders of the parent company was approximately RMB 410.1 million, a decrease of about RMB 1,425.5 million or approximately 77.7% year-on-year[4]. - The core net profit attributable to shareholders of the parent company, excluding the tax-adjusted net income from the fair value of investment properties, was approximately RMB 201.4 million, a decrease of about RMB 1,416.8 million or 87.6% compared to the same period in 2022[2]. - Basic earnings per share were approximately RMB 0.0025, a decrease of about RMB 0.1275 compared to RMB 0.13 for the same period in 2022[4]. - The total comprehensive income attributable to shareholders of the parent company was RMB 406.07 million, compared to RMB 1,791.10 million in the same period last year[8]. - The total profit for the group was RMB 425.68 million, compared to RMB 3.37 billion in the first half of 2022, indicating a significant decrease[20]. - For the six months ended June 30, 2023, the total profit amounted to RMB 425,681,840.45, a significant decrease from RMB 3,374,480,864.84 for the same period in 2022, representing a decline of approximately 87.4%[40]. Assets and Liabilities - The total current assets as of June 30, 2023, amounted to approximately RMB 158,456.19 million, compared to RMB 156,824.36 million at the end of the previous year[9]. - Total assets as of June 30, 2023, amounted to RMB 284.44 billion, an increase from RMB 281.56 billion as of December 31, 2022, representing a growth of approximately 1.3%[13]. - Current liabilities totaled RMB 122.71 billion as of June 30, 2023, compared to RMB 118.84 billion at the end of 2022, reflecting an increase of about 3.1%[11]. - The total liabilities as of June 30, 2023, were RMB 190.81 billion, up from RMB 186.66 billion at the end of 2022, representing an increase of about 2.3%[12]. - The company’s total equity as of June 30, 2023, was RMB 93.63 billion, a slight decrease from RMB 94.90 billion at the end of 2022, indicating a decline of about 1.3%[13]. - The company’s retained earnings decreased to RMB 26.47 billion from RMB 27.16 billion, a decline of about 2.5%[13]. - The asset-liability ratio increased to 67.1%, up 0.8 percentage points from the previous year[82]. Cash Flow and Financing - The company’s cash and cash equivalents stood at RMB 4.01 billion as of June 30, 2023, compared to RMB 3.87 billion at the end of 2022, reflecting an increase of approximately 3.6%[12]. - The net increase in cash and cash equivalents for the first half of 2023 was approximately RMB 6,907.6 million, with net cash inflow from operating activities increasing by RMB 466.7 million year-on-year to RMB 4,218.4 million[93]. - Interest-bearing bank loans totaled approximately RMB 71,536.6 million, an increase of about RMB 4,638.5 million from December 31, 2022[111]. - The company issued short-term financing bonds totaling RMB 7,051,501,917.81 as of June 30, 2023, compared to RMB 5,000,000,000.00 as of December 31, 2022, reflecting a growth of 41.03%[55]. - The company successfully issued 11.5 billion yuan in perpetual bonds, continuously optimizing its financing structure and reducing weighted financing costs[105]. Research and Development - Research and development expenses for the reporting period were approximately RMB 260.99 million, an increase from RMB 196.41 million in the same period last year[7]. - Research and development expenses increased to approximately RMB 261.0 million, a year-on-year increase of 32.9% due to heightened R&D efforts[92]. - R&D investment intensity exceeded the excellent value for the building materials industry, with 21 key research projects initiated under five major technology initiatives[101]. Market and Operational Insights - The overall market for cement is characterized by weak demand, high inventory, low prices, and declining profitability, particularly in the real estate sector[79]. - The company aims to enhance product quality and operational efficiency in the real estate sector to adapt to the transition from a "peak era" to a "quality era" in the housing market[110]. - The company is actively expanding its presence in the renewable energy sector, with two subsidiaries' photovoltaic projects now operational and 12 photovoltaic projects completed for filing[72]. - The company plans to adopt a proactive approach to seize opportunities in expanding effective demand and establishing new development models in the real estate industry[74]. Corporate Governance and Compliance - The board of directors consists of two executive directors, two non-executive directors, and four independent non-executive directors, ensuring a strong independent element in its structure[131]. - The company has adopted a standard code for securities transactions by directors and relevant employees, ensuring compliance with regulations[129]. - The Audit Committee was established in accordance with listing rules, consisting of two non-executive directors and four independent non-executive directors[133]. Employee and Social Responsibility - As of June 30, 2023, the group had a total of 45,112 employees, a decrease from 45,991 employees as of December 31, 2022, with total employee compensation amounting to RMB 3,465.7 million, an increase of approximately 2.9% compared to RMB 3,367.1 million for the same period last year[119]. - The company is actively promoting green development and has built a green industrial chain and supply chain to enhance sustainable practices[103].