Financial Performance - As of December 31, 2023, the company's undistributed profits amounted to a loss of RMB 231,950 thousand, leading to a decision not to distribute profits or increase capital reserves for 2023[3]. - In 2023, the company's operating revenue was CNY 22,337,171, a decrease of 5.74% compared to CNY 23,697,329 in 2022[21]. - The net profit attributable to shareholders was a loss of CNY 2,657,963, representing a significant decline of 2,463.52% from a profit of CNY 112,458 in 2022[21]. - The total assets decreased by 13.61% to CNY 40,943,803 from CNY 47,392,218 in 2022[21]. - The company reported a basic earnings per share of -0.8982, a decline from -0.0036 in 2022[22]. - The company’s net assets attributable to shareholders decreased by 6.82% to CNY 7,016,541 from CNY 7,530,428 in 2022[21]. - The company reported a total of RMB 352,375 thousand in non-recurring gains for 2023, compared to RMB 538,098 thousand in 2022[28]. - The company reported a government subsidy of RMB 20,819 thousand in 2023, down from RMB 23,617 thousand in 2022[28]. - The company achieved a record of 137 awards in the 2023 evaluation of outstanding engineering consulting, surveying, and design results in the non-ferrous metal construction industry[36]. Operational Strategy - The company aims to build a world-class modern industrial service enterprise providing advanced technology and integrated solutions in the non-ferrous metal industry[12]. - The company plans to focus on core competencies and streamline operations by divesting non-core subsidiaries and low-efficiency assets[23]. - The company has halted new PPP projects and is gradually reducing municipal and civil construction business, shifting focus to industrial contracting[24]. - The company aims to enhance its competitive edge in the non-ferrous metal industry and related industrial sectors through technological advantages[24]. - The company is focusing on a transformation strategy centered around "technology+" to enhance its business model and improve project management capabilities[126]. - The company is implementing a "1+10" special action plan to improve contract quality and enhance project management capabilities[123]. - The company aims to increase the proportion of new industry business by exploring new growth points and optimizing business layout[124]. - The company is committed to enhancing project performance quality and customer satisfaction through improved project management systems[125]. Technological Advancements - The company completed 62 key technological breakthroughs, with 18 achieving international advanced levels, significantly promoting industry technological progress[11]. - The company launched the first domestic aluminum plate processing "black light factory," achieving unmanned production in the heat treatment workshop[11]. - The company applied for 96% more invention patents compared to the previous year, with a 33% increase in granted patents[32]. - The company has nine national engineering technology research centers, enhancing its technological leadership in the industry[45]. - The company has developed key technologies, including energy-saving techniques that reduce aluminum production energy consumption by 820 kWh per ton[70]. Market Expansion - The company expanded its international market presence, successfully entering resource exploration in new business areas[36]. - The company’s revenue from international markets increased by 238.32%, reaching RMB 3.37 billion, despite a decline in domestic revenue[61]. - The company signed new overseas contracts worth 3.379 billion yuan, with 16 contracts exceeding 10 million yuan each, totaling approximately 2.79 billion yuan[11]. - The company’s overseas marketing structure has been optimized, with a focus on key international markets, resulting in contracts worth 740 million CNY in Indonesia[72]. Risk Management - The company anticipates facing risks in 2024, including safety and environmental risks, reform and business transformation risks, market changes and competition risks, cash flow risks, and operational efficiency risks[4]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[4]. - The company has not violated any regulatory decision-making procedures in providing guarantees[4]. - The company is addressing the risks associated with business transformation and market competition by improving its governance and operational mechanisms[133]. Governance and Compliance - The company received a standard unqualified audit report from its accounting firm, indicating the financial report's authenticity and completeness[3]. - The company has maintained a transparent governance structure, ensuring effective checks and balances among its governing bodies[176]. - The company has implemented training on legal knowledge to prevent business dealings with sanctioned countries, ensuring compliance with international regulations[164]. - The company has established a legal compliance department responsible for legal affairs, comprehensive risk management, and internal audits, ensuring robust governance[181]. - The company emphasizes the importance of legal compliance and risk management in its operations, fostering a culture of legal awareness among employees[189]. Employee Development - The company trained a total of 52,349 participants in 2023, with a training investment of RMB 12.226 million and a total training duration of 377,686.45 hours[142]. - The company established a talent pool categorized by professional types to enhance the management level while cultivating young talents[142]. Financial Management - The company’s total interest-bearing liabilities decreased by RMB 363 million to RMB 893 million as of December 31, 2023, compared to the previous year[90]. - The debt-to-capital ratio increased to 43.56% as of December 31, 2023, from 35.33% in the previous year, mainly due to financial losses during the year[92]. - The company is committed to optimizing its procurement system and increasing procurement concentration to improve cost management[138]. - The company plans to gradually reduce the use of supply chain payment tools to enhance financial flexibility and ensure the stability of its cash flow[137]. Shareholder Engagement - The company emphasizes effective communication with shareholders, maintaining transparency and providing timely information through various channels[197]. - The company has established multiple communication channels, including annual reports and performance briefings, to engage with shareholders and potential investors[197]. - The company held three shareholder meetings in 2023, all convened by the board of directors and chaired by Mr. Li Yihua[193].

证券代码：601068 证券简称：中铝国际 公告编号：临 2024-014 中铝国际工程股份有限公司 关于变更董事会秘书、联席公司秘书和授权代 表的公告 本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 担法律责任。 一、董事会秘书、联席公司秘书和授权代表辞任情况 赵红梅女士因工作分工调整，辞去中铝国际工程股份有限公司（以 下简称公司）董事会秘书、联席公司秘书和授权代表职务，辞呈即日 起生效。 赵红梅女士在担任公司董事会秘书、联席公司秘书和授权代表期 间恪尽职守、勤勉尽责，公司董事会对赵红梅女士为公司所做出的贡 献表示衷心感谢。 二、董事会秘书、联席公司秘书和授权代表变更情况 1 已取得上海证券交易所上市公司董事会秘书资格证书，具备履行董事 会秘书职责所必需的专业知识、工作经验，其任职资格符合《上海证 券交易所股票上市规则》等有关规定。 （二）任命陶甫伦先生与吴嘉雯女士担任公司的联席公司秘书， 任期与公司第四届董事会董事相同，自本次董事会会议审议通过之日 起生效。公司已取得香港联合交易所有限公司批准，自 2024 年 3 月 28 日至 2 ...

关于中铝国际工程股份有限公司 非经营性资金占用及其他关联 资金往来的专项说明 致同会计师事务所 (特殊普通合伙) 目 录 关于中铝国际工程股份有限公司非经营性资金占用及其他关联资 金往来的专项说明 中铝国际工程股份有限公司 2023年度非经营性资金占用及其他关 1-3 联资金往来情况汇总表 ant Thornton 华尔 日 关于中铝国际工程股份有限公司 非经营性资金占用及其他关联资金往来的专项说明 编制和对外披露汇总表,并确保其真实性、合法性及完整性是中铝国际 管理层的责任。我们对汇总表所载资料与我们审计中铝国际 2023年度财务报 表时所复核的会计资料和经审计的财务报表的相关内容进行了核对,在所有 重大方面没有发现不一致。除了对中铝国际实施于 2023年度财务报表审计中 所执行的对关联方往来的相关审计程序外,我们并未对汇总表所载资料执行 额外的审计程序。为了更好地理解 2023年度中铝国际非经营性资金占用及其 他关联资金往来情况,汇总表应当与已审计的财务报表一并阅读。 Grant Thornton 致同 本专项说明仅供中铝国际披露年度报告时使用,不得用作任何其他用途。 致 十十五 中国注册会计师 中国注册 ...

关于中铝国际工程股份有限公司 涉及财务公司关联交易的存款、贷款 等金融业务的专项说明 致同会计师事务所 (特殊普通合伙) 目 录 关于中铝国际工程股份有限公司涉及财务公司 关联交易的存款、贷款等金融业务的专项说明 中铝国际工程股份有限公司 2023 年度通过财务公司 存款、贷款等金融业务汇总表 t Thornton #4 |日| 日会计师事务所(特殊普) 国北京 朝阳区建国门外大街 ' t广场 5 层 邮编 1000 章 +86 10 8566 5120 w grantthornton 关于中铝国际工程股份有限公司 涉及财务公司关联交易的存款、贷款等 金融业务的专项说明 致同专字(2024)第 110A004479 号 中铝国际工程股份有限公司全体股东: 我们接受中铝国际工程股份有限公司(以下简称中铝国际)委托,根据 中国注册会计师执业准则审计了中铝国际 2023年 12月 31日的合并及公司资产 负债表,2023年度合并及公司利润表、合并及公司现金流量表、合并及公司 股东权益变动表和财务报表附注,并出具了致同审字(2024)第 110A006032号 无保留意见审计报告。 按照《上海证券交易所上市公司自律监 ...

Financial Performance - The company reported a net loss of RMB 231.95 million for the year ended December 31, 2023, and will not distribute profits or increase capital reserves for the year [4]. - The board of directors has approved a profit distribution plan that will not proceed due to future investment needs [4]. - In 2023, the company's operating revenue was RMB 22,337,171, a decrease of 5.74% compared to RMB 23,697,329 in 2022 [22]. - The net profit attributable to shareholders was a loss of RMB 2,657,963, a significant decline from a profit of RMB 112,458 in 2022, representing a decrease of 2,463.52% [22]. - The cash flow from operating activities showed a net increase of 37.68%, reaching RMB 722,665 compared to RMB 524,870 in 2022 [22]. - The total assets decreased by 13.61% to RMB 40,943,803 from RMB 47,392,218 in 2022 [22]. - The company reported a basic earnings per share of -0.8982, down from -0.0036 in 2022, indicating a substantial decline [23]. - The weighted average return on equity was -41.87%, a significant drop from -0.21% in the previous year [23]. - The company achieved operating revenue of CNY 22.337 billion in 2023, a decrease of 5.74% year-on-year [51]. - The net profit attributable to the parent company was a loss of CNY 2.658 billion, primarily due to increased impairment losses on contract assets [51]. Risk Management - The company faces potential risks in 2024, including safety and environmental risks, market competition risks, and cash flow risks [5]. - The company’s future plans and forecasts are subject to various uncertainties and should be approached with caution by investors [5]. - The company has confirmed compliance with OFAC commitments, ensuring that funds raised from the H-share international offering have not been used for projects in sanctioned countries since June 2, 2012 [162]. - The company has implemented comprehensive risk management policies, including the "Three Major Decisions" system and internal control manuals, to ensure operational integrity and risk mitigation [178]. - The company has developed response measures for significant risks, with responsible departments conducting regular monitoring [180]. Technological Innovation and Development - In 2023, the company undertook 10 national research tasks and 4 tasks from the Aluminum Corporation of China, enhancing its research capabilities [12]. - The company achieved a 35% reduction in energy consumption with the first domestic ultra-fine droplet desulfurization system demonstration project [12]. - The company launched the first domestic aluminum plate and strip processing "black light factory," achieving unmanned production in the heat treatment workshop [12]. - The company completed 62 technological achievements, with 18 reaching international advanced levels, promoting industry technological progress [12]. - The company is focusing on technology innovation and the transformation of scientific achievements to drive high-quality development, with a particular emphasis on the EPC business model [124]. International Expansion - The company signed overseas contracts worth 3.379 billion yuan, with 16 large-scale contracts exceeding 10 million yuan, totaling approximately 2.79 billion yuan [12]. - The company is expanding its market presence in countries such as Indonesia, Turkey, and India, enhancing its international business strategy [59]. - The company has established cooperation with enterprises and research institutions in over 40 countries and regions, implementing large-scale EPC projects [50]. - The company successfully exported its first 500KA electrolytic aluminum project in Indonesia, marking a significant achievement in international project development [12]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with all directors present at the board meeting [5]. - The company has established a governance structure involving the shareholders' meeting, board of directors, supervisory board, and management team, ensuring clear responsibilities and effective checks and balances [174]. - The board consists of 9 members, including 4 executive directors, 2 non-executive directors, and 3 independent non-executive directors [197]. - The company has established a policy for shareholder communication, ensuring timely and equal access to information [196]. - The independent non-executive directors confirmed that the controlling shareholder has complied with the non-competition agreement, with no breaches reported [182]. Awards and Recognition - The company received 13 national quality engineering awards and 1 Luban Award during the year [13]. - The company won the "Most Influential Listed Company" award at the China Securities Golden Bauhinia Awards [38]. - The company achieved a four-star rating in the 2023 ESG evaluation for central enterprises, entering the "Pioneer 100 Index" for ESG [172]. - The company was recognized for "Outstanding Practice Cases of Listed Company Boards" in 2023 [172]. Employee and Talent Management - The company provided training for a total of 52,349 participants, with a training investment of RMB 12.226 million and a total training duration of 377,686.45 hours in 2023 [140]. - The company has established a talent pool categorized by professional types to enhance the management level and reserve of young talents [140]. - The number of R&D personnel is 2,164, making up 18.7% of the total workforce, with 25 holding doctoral degrees and 539 holding master's degrees [79]. Financial Management - The company achieved a financial cost reduction exceeding 100 million RMB through various cost-cutting measures and improved operational efficiency [35]. - The company reduced financial expenses by 9.77% to RMB 259 million, mainly due to the repayment of RMB 3.8 billion in interest-bearing financing and optimization of the financing structure [77]. - Cash and cash equivalents at the end of the period were RMB 4.06 billion, a decrease of 47.07% compared to the previous year, reflecting a strategic reduction in financing scale [86]. - The company’s total fair value measurement items increased from 747.720 million RMB at the beginning of the year to 1.203 billion RMB at the end of the year, indicating a change of 471.359 million RMB [31]. Market Trends and Industry Outlook - The construction industry is expected to face long-term downturns, while green and digital construction trends will shape future development [114]. - The company anticipates stable growth in the production of key products such as copper and aluminum, driven by industry upgrades and green development initiatives [113]. - The construction market is increasingly competitive, with projects facing challenges such as high operational difficulty and low profit margins, particularly in remote areas [129].

财联社1月28日讯（记者 梁祥才）25亿元的计提减值金额，创下中铝国际（601068.SH）上市以来的新 高。 今日，中铝国际公告，经公司测算，2023 年共计提资产减值准备净额（含转回）约25 亿元；其中，存 货跌价准备约6 亿元，应收款项减值准备约6 亿元，合同资产减值准备约13 亿元。 财联社记者梳理中铝国际历年公告发现，主要因包括应收账款坏账和合同资产减值在内的计提减值拖累 了公司近年来的业绩。2020-2023年计提减值金额分别为16.25 亿元、13.39亿元、3.9亿元、25亿元，合 计达58.54亿元；同期公司净利润分别为-19.76亿元、-10.7亿元、1.13亿元、-25亿至-28亿元（据公司业 绩预告公告）。 事实上，去年高额的计提已早有端倪。据公司此前披露的相关公告，2023年上半年减值金额为10.77亿 元，同期净利润为-8.31亿元。 彼时，减值数额引起市场关注。在举办的2023年半年度业绩说明会上，有投资者问及，公司近几年资产 减值规模较大，未来是否还会持续大额计提减值损失时。中铝国际财务总监兼董事会秘书赵红梅回应 道，公司以前年度对合同资产的预期信用风险预估是充分的，未来，公司 ...

Financial Performance - The company's operating revenue for the third quarter was RMB 5,417,305, a decrease of 6.51% compared to the same period last year[3]. - Net profit attributable to shareholders was RMB 64,800, representing a significant increase of 129.59% year-on-year[3]. - Total revenue for the first three quarters of 2023 was CNY 15,039,361 thousand, a decrease of 7.8% compared to CNY 16,311,376 thousand in the same period of 2022[26]. - Net profit for the first three quarters of 2023 was a loss of CNY 741,154 thousand, compared to a profit of CNY 250,387 thousand in the same period of 2022[30]. - Total comprehensive income for the first three quarters of 2023 was -734,864 thousand RMB, compared to -419,661 thousand RMB in the same period of 2022[34]. - Basic earnings per share for the first three quarters of 2023 was -0.28 RMB, down from 0.05 RMB in the same period of 2022[34]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 42,252,198, down 10.84% from the previous year[4]. - The company's total current assets were RMB 33.401 billion, down from RMB 38.182 billion at the end of 2022[16]. - The company's total non-current assets as of September 30, 2023, were RMB 8.851 billion, a decrease from RMB 9.209 billion at the end of 2022[18]. - The company's total liabilities as of September 30, 2023, amounted to CNY 35,601,243 thousand, a slight decrease from CNY 36,936,231 thousand at the end of 2022[24]. - Total equity as of September 30, 2023, was CNY 6,650,955 thousand, down from CNY 10,455,057 thousand at the end of 2022[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,861[8]. - The largest shareholder, China Aluminum Group, holds 2,176,758,534 shares, accounting for 73.56% of the total shares[9]. - The company's retained earnings attributable to shareholders were CNY -765,842 thousand as of September 30, 2023, compared to CNY 151,868 thousand in the same period of 2022[30]. Strategic Initiatives - The company has shifted its strategy to focus on "Technology + International" development, resulting in improved revenue from engineering design and consulting services[5]. - The company is committed to implementing a "Technology + International" development strategy, focusing on non-ferrous and advantageous industrial sectors[11]. - The company has ceased high-risk construction projects, which has led to a reduction in overall revenue[5]. - The company has strengthened its overseas marketing and performance capabilities, successfully signing multiple large consulting and design contracts in India, Kazakhstan, and Saudi Arabia[14]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 495,452 thousand, an increase of 10.6% compared to CNY 447,698 thousand in the same period of 2022[27]. - The company applied for 411 patents, an increase of over 80% compared to the same period last year, with 227 effective patents granted[13]. Awards and Recognition - The company won 139 awards in the 2023 annual awards for the non-ferrous metal construction industry, setting a historical record for the number of awards received[13]. - The company ranked 98th in the "Top 150 Global Design Firms" and 203rd in the "Top 250 International Contractors" according to ENR magazine[11]. - The company achieved a four-star rating in the 2023 ESG evaluation for central enterprise-controlled listed companies[11]. Cash Flow - The net cash flow from operating activities showed a net inflow, with an increase of 870 million compared to the same period last year[7]. - Cash inflow from operating activities for the first three quarters of 2023 was 16,115,868 thousand RMB, compared to 16,892,718 thousand RMB in the same period of 2022[36]. - Cash outflow from operating activities for the first three quarters of 2023 was 16,106,883 thousand RMB, compared to 17,754,012 thousand RMB in the same period of 2022[38]. - Net cash flow from operating activities for the first three quarters of 2023 was 8,984 thousand RMB, a significant improvement from -861,294 thousand RMB in the same period of 2022[38]. - Cash inflow from investment activities for the first three quarters of 2023 was 851,105 thousand RMB, compared to 57,209 thousand RMB in the same period of 2022[40]. - Cash outflow from investment activities for the first three quarters of 2023 was 46,964 thousand RMB, compared to 2,152,599 thousand RMB in the same period of 2022[40]. - Cash inflow from financing activities for the first three quarters of 2023 was 10,541,377 thousand RMB, compared to 8,504,148 thousand RMB in the same period of 2022[41]. - Net cash flow from financing activities for the first three quarters of 2023 was -4,016,402 thousand RMB, compared to 3,623,634 thousand RMB in the same period of 2022[41]. - The cash and cash equivalents at the end of the first three quarters of 2023 decreased by 3,123,375 thousand RMB, compared to an increase of 714,684 thousand RMB in the same period of 2022[43].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the first half of 2023[4]. - The company's operating revenue for the first half of 2023 was CNY 962,205.59 million, a decrease of 8.51% compared to CNY 1,051,709.11 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY -83,064.20 million, representing a significant decline of 771.8% from CNY 12,364.47 million in the previous year[20]. - The basic earnings per share for the first half of 2023 was CNY -0.30, a decrease of 850.00% compared to CNY 0.04 in the same period last year[21]. - The company's net profit attributable to shareholders for the first half of 2023 was a loss of RMB 0.83 billion, a significant decrease from a profit of RMB 0.12 billion in the previous year[59]. - The total assets at the end of the reporting period were CNY 4,739,128.86 million, reflecting a decrease of 11.69% from the previous year[19]. - The company's total equity decreased to RMB 7.06 billion from RMB 10.46 billion, a decline of about 32.9%[178]. - The company reported a net loss of RMB 281.17 million in retained earnings, compared to a profit of RMB 598.62 million at the end of 2022[178]. Revenue and Market Expansion - The company has set a revenue target of RMB 10 billion for the full year 2023, representing a 10% increase from 2022[5]. - User data showed a 20% increase in active projects compared to the previous year, indicating strong market demand[5]. - The company is expanding its market presence in Southeast Asia, aiming for a 25% increase in regional revenue by 2025[5]. - A strategic acquisition of a local engineering firm is expected to enhance operational capabilities and market share[5]. Research and Development - New product development initiatives have led to the launch of three innovative engineering solutions, enhancing competitive advantage[5]. - The company focuses on R&D of new processes, technologies, materials, and equipment in the non-ferrous metal industry, with a strong emphasis on technological innovation[4]. - The company achieved a research and development investment intensity of 3.33%, with 156 new patents granted and 17 major technological achievements evaluated as reaching international leading levels[46]. - Research and development expenses for the first half of 2023 were 320 million RMB, an increase of 55 million RMB year-on-year, with an investment intensity reaching 3.33%[63]. Cash Flow and Financial Position - The company has maintained a strong cash position, with cash reserves amounting to RMB 1.5 billion as of June 2023[5]. - The company reported a cash flow from operating activities of CNY -86,286.93 million, indicating a negative cash flow situation[20]. - Cash and cash equivalents decreased by 49.50% to RMB 387,511.67 million compared to the end of the previous year[80]. - The company's net cash flow from operating activities improved, with a net outflow of RMB 8.63 billion, a decrease of RMB 1.77 billion year-on-year[85]. Risks and Compliance - The company faces potential risks including cash flow and market risks, which could impact future performance[5]. - The management emphasized the importance of adhering to regulatory compliance to mitigate legal risks[5]. - The company faces cash flow risks due to high capital occupation by "two funds," leading to pressure on liquidity[93]. - Debt risk management is critical as the financial regulatory environment becomes increasingly complex, necessitating enhanced identification and control of debt risks across subsidiaries[94]. Corporate Governance and Management - The board confirmed that there are no non-operational fund occupations by major shareholders[5]. - The company has established a comprehensive compliance management system, with over 100 process lists developed[3]. - The company has adhered to all provisions of the Corporate Governance Code as per the Hong Kong Stock Exchange rules during the six months ending June 30, 2023[107]. - The company has appointed three independent non-executive directors with appropriate professional qualifications as required by the Hong Kong Stock Exchange[109]. Employee and Social Responsibility - The company has established various social insurance schemes for employees, including pension, medical, unemployment, maternity, and work injury insurance[166]. - The company has actively engaged in rural revitalization efforts, helping 161 villagers achieve employment through various initiatives, including skills training and job placement[115]. - There have been no strikes or labor disputes affecting the company's management operations during the reporting period[169]. Related Party Transactions - The company provided engineering services to Chalco Group with a transaction amount of RMB 74,235.49 million against an annual limit of RMB 600,000 million[132]. - The company sold goods to Chalco Group with a transaction amount of RMB 13,392.55 million against an annual limit of RMB 100,000 million[132]. - The company reported a total of RMB 399,590.00 million in related party debts at the end of the period[138]. Environmental and Safety Measures - The company has implemented strict environmental protection measures and has not experienced any significant environmental incidents during the reporting period[113]. - The company has signed safety and environmental responsibility agreements with all employees to enhance environmental protection awareness[114]. - The company has actively promoted the development and application of environmental protection and energy-saving technologies[114].

Financial Performance - China Aluminum International Engineering Corporation Limited reported its unaudited interim results for the six months ended June 30, 2023[3]. - The company's operating revenue for the first half of the year was CNY 962,205.59 million, a decrease of 8.51% compared to CNY 1,051,709.11 million in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY -83,064.20 million, a significant decline from CNY 12,364.47 million in the previous year, representing a decrease of 771.8%[15]. - The net cash flow from operating activities was CNY -86,286.93 million, compared to CNY -104,007.53 million in the same period last year[15]. - The total assets at the end of the reporting period were CNY 4,185,075.60 million, down 11.69% from CNY 4,739,128.86 million at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company decreased to CNY 663,173.50 million, down 11.93% from CNY 752,981.55 million at the end of the previous year[15]. - The basic earnings per share for the first half of the year was CNY -0.30, a decrease of 850.00% compared to CNY 0.04 in the same period last year[16]. - The weighted average return on net assets was -18.93%, a decrease of 21.02 percentage points from the previous year[16]. - The company achieved operating revenue of 9.622 billion RMB in the first half of 2023, a decrease of 8.51% compared to 10.517 billion RMB in the same period last year[51]. - Net profit attributable to shareholders was -831 million RMB, a significant decrease of 771.80% from 124 million RMB in the previous year[51]. Risk Factors - The company faces risks including cash flow risk, debt risk, litigation risk, operational risk, and market risk[5]. - The company anticipates a significant risk of declining non-ferrous metal prices in the second half of 2023 due to weak terminal consumption and external economic pressures[30]. - The company faces cash flow risks due to high capital occupation and reduced turnover speed, which may pressure funding[86]. - Debt risk management is critical as the financial regulatory environment becomes increasingly stringent, necessitating enhanced identification and control of debt risks across subsidiaries[86]. - Legal disputes present a risk, with the company focusing on reducing existing cases and controlling new ones to strengthen its risk management capabilities[87]. - The company is experiencing operational risks due to the low entry barriers in the construction market and the oversupply in traditional manufacturing, leading to inaccurate cost predictions[88]. - The non-ferrous metal industry faces market risks, with a noticeable contraction in the market influenced by dual carbon policies, while competition in the domestic construction market intensifies[89]. Corporate Governance and Compliance - The company guarantees the truthfulness, accuracy, and completeness of the semi-annual report, with no false records or major omissions[4]. - The report is compliant with the Hong Kong Stock Exchange's listing rules regarding interim results announcements[3]. - The board of directors and supervisory board members were present at the meeting to approve the report[4]. - The company has adhered to the corporate governance code and maintained compliance with all relevant rules and regulations as of June 30, 2023[100]. - The audit committee reviewed and confirmed the unaudited interim results for the six months ending June 30, 2023, ensuring compliance with applicable accounting standards and legal requirements[104]. - The company confirmed that no new business related to sanctioned countries was initiated from the beginning of the reporting period to the last practicable date[91]. - The company’s risk management committee confirmed that funds raised from global offerings were not used for any business related to sanctioned countries[91]. Research and Development - The company applied for over 300 new patents in the first half of 2023, with over 49% being invention patents, and received more than 150 domestic and international patent authorizations[32]. - The company has established 9 national engineering technology research centers and 4 national postdoctoral research stations, enhancing its R&D capabilities[31]. - The company’s R&D investment intensity reached 3.33%, with 156 new patents granted and multiple national key R&D projects passing performance evaluations[38]. - Research and development expenses increased to 320 million RMB, up 20.8% year-on-year, with an R&D intensity of 3.33%[55]. Environmental and Social Responsibility - The company emphasizes environmental protection and pollution prevention, integrating green development concepts into its operations and adhering to national environmental laws[106]. - In the first half of 2023, the company continued to implement environmental protection measures, requiring all employees to sign safety and environmental responsibility lists[107]. - The company provided 1.02 million yuan in small loans to support villagers in developing livestock farming[108]. - The company has ongoing major litigation and arbitration cases, including disputes related to construction contracts[113]. - The company has been recognized as an advanced unit for rural revitalization efforts in Guizhou Province[108]. - The company actively promotes environmental protection and pollution control technologies, integrating them into its operations[107]. Shareholder Information - The total share capital of the company as of June 30, 2023, is RMB 2,959,066,667, consisting of 2,959,066,667 shares with a par value of RMB 1.00 each, including 399,476,000 H-shares and 2,559,590,667 A-shares[143]. - The top ten shareholders hold a total of 2,283,179,000 shares, representing 77.16% of the company's total share capital[152]. - China Aluminum Group holds 2,176,758,534 shares, accounting for 73.56% of the total shares[148]. - The largest shareholder, China Aluminum Group, has a beneficial ownership of 2,263,684,000 A-shares, which is approximately 76.50% of the total share capital[155]. - The company does not have any strategic investors or general corporations that have become top ten shareholders due to new share placements[152]. Employee Information - As of June 30, 2023, the company had a total of 12,594 employees, with 11,728 active employees, of which 77% were male and 23% were female[158]. - Employee expenses for the first half of 2023 amounted to RMB 642 million[161]. - The company has established various social insurance programs for employees, including pension, medical, unemployment, maternity, and work injury insurance[161]. - The company has implemented employee training programs focusing on management skills, overseas exchange programs, and other courses[161]. Financial Transactions and Related Parties - The company has engaged in financial transactions with its parent company's financial subsidiary, indicating a strong financial relationship[133]. - The company has a related party debt balance of RMB 396,090 million at the end of the reporting period, with no impact on its operational results or financial status[130]. - The company has not reported any significant related party transactions outside of the financial services mentioned[134].

Financial Performance - The company's operating revenue for the first quarter was RMB 430.61 million, a decrease of 10.64% compared to RMB 481.89 million in the same period last year[5]. - Net profit attributable to shareholders of the listed company was RMB 343.64 million, down 94.68% from RMB 6,457.08 million year-on-year[5]. - Basic earnings per share decreased by 94.00%, from RMB 0.02 to RMB 0.0012[10]. - The company reported a net profit of CNY 46,103,798.07 for Q1 2023, down 57.3% from CNY 107,943,845.54 in Q1 2022[27]. - The company reported a total comprehensive income of CNY 18,533,014.89, a significant decrease from CNY 108,190,984.14 in Q1 2022[32]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 4,368.77 million, a decrease of 7.81% from RMB 4,739.13 million at the end of the previous year[6]. - Total assets as of March 31, 2023, were CNY 43,687,696,202.24, down from CNY 47,391,288,591.87 at the end of 2022, a decrease of 7.3%[24]. - Total liabilities decreased to CNY 33,205,130,202.80 as of March 31, 2023, from CNY 36,936,231,329.10 at the end of 2022, a reduction of 10.0%[22]. Cash Flow - The net cash flow from operating activities was significantly impacted, with a decrease in received project payments compared to the previous year[10]. - The net cash flow from operating activities was negative CNY 1,663,212,209.58 in Q1 2023, compared to negative CNY 1,228,241,988.92 in Q1 2022[34]. - The cash inflow from operating activities totaled CNY 4,990,361,151.93 in Q1 2023, down from CNY 6,017,816,723.85 in Q1 2022[34]. - The company reported a net cash flow from investment activities of CNY 440,853,811.86 in Q1 2023, a significant improvement from negative CNY 1,599,972,535.16 in Q1 2022[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 52,863[11]. - China Aluminum Group holds 2,176,758,534 shares, accounting for 73.56% of the total shares[12]. - The total number of shares held by the top ten shareholders is 2,283,179,000, representing 77.16% of the total share capital[13]. - The company has no known relationships or concerted actions among the top shareholders[13]. Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to declining revenues and profits[26]. - Research and development expenses for Q1 2023 were CNY 141,377,073.58, an increase of 57.5% compared to CNY 89,835,025.87 in Q1 2022[26]. Other Financial Data - Non-recurring gains and losses totaled RMB 856.85 million, with various components contributing to this figure[9]. - The company did not conduct an audit for the quarterly report, indicating that the financial data is unaudited[4]. - The company has adjusted its financial data from the previous year due to the acquisition of Kunming Nonferrous Metallurgy Design Institute Co., Ltd.[6].