| 序号 | 股东名称 | | 持股比例 ÷ | 认缴出资额(万元) ÷ | 认缴出资日期 ÷ | 间接待股比例 | 首次持股日期 ÷ | | --- | --- | --- | --- | --- | --- | --- | --- | | | 山西山安立德环保科技有限公司 | | 43.00% | 2184.83 | | | 2025-08-08 | | | 国有企业 | 大股东 | | | | | | | 2 | 山西省安装集团股份有限公司 | | 42.00% | 2134.02 | | 43% ହିଁ | 2025-08-08 | | | 国有企业 被执行人 山西安装 (02520.HK) 港 | | | | | | | | | 天津市龙津节能科技有限公司 | | 15.00% | 762.15 | | | 2025-08-08 | 企查查APP显示，近日，宁武山安立德再生资源利用有限公司成立，法定代表人为赵文婧，注册资本为5081万元，经营范围包含：建设工程施工；固体废物 治理；再生资源销售；再生资源加工；资源再生利用技术研发等。企查查股权穿透显示，该公司由山西山安立德环保科技有限公司、山西安装 ...

董事會會議日期 山西省安裝集團股份有限公司（「本公司」及其附屬公司「本集團」）董事會（「董事會」） 玆通告謹定於2025年8月27日（星期三）舉行董事會會議，以審議並批准本集團截至 2025年6月30日止之六個月中期業績以作刊發之用及處理其他事項，包括建議派付 中期股息（如有）。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Shanxi Installation Group Co., Ltd. 山西省安裝集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2520） 截至本公告日期，本公司董事會由以下成員組成：(i)執行董事任銳先生及張琰先 生；(ii)非執行董事徐官師先生、張宏杰先生、慕建偉先生及馮成先生；及(iii)獨立 非執行董事王景明先生、吳秋生教授、單婥然女士及郭禾先生。 承董事會命 山西省安裝集團股份有限公司 董事長兼執行董事 任銳先生 中國山西，2025年8月15日 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 FF301 截至月份: 2025年7月31日 狀態: 新提交 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02520 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 373,486,000 | RMB | | 1 | RMB | | 373,486,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 373,486,000 | RMB | | 1 | RMB | | 373,486,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所 ...

Group 1 - Shanxi Installation has appointed a new chairman, Ren Rui, following the resignation of Wang Limin due to work adjustments [1] - Ren Rui has over ten years of experience with Shanxi Installation, having held various positions since joining in June 2014 [1] - Wang Limin, who has been with the company for over 30 years, will take on a new role as Deputy General Manager of Shanxi Construction Investment Group [1] Group 2 - Shanxi Installation is a subsidiary of Shanxi Construction Investment Group, specializing in professional industrial engineering, supporting engineering, and other non-engineering services [2] - The company provides integrated professional system services throughout the entire lifecycle of engineering projects [2] - Shanxi Installation became the first listed company in the domestic professional industrial engineering and installation sector on November 22, 2023, and has maintained annual revenue exceeding 10 billion yuan [4]

Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 12,242,889 thousand, representing an increase from RMB 10,971,109 thousand in 2023, but a decrease from RMB 12,844,822 thousand in 2022[17]. - Gross profit for 2024 was RMB 1,520,400 thousand, with a gross margin of 12.4%, down from 12.8% in 2023 and 14.3% in 2022[17]. - Net profit attributable to equity holders of the company was RMB 153,412 thousand in 2024, slightly down from RMB 154,942 thousand in 2023[17]. - Total assets increased to RMB 24,124,161 thousand in 2024, compared to RMB 23,522,431 thousand in 2023[17]. - Total liabilities rose to RMB 20,780,805 thousand in 2024, up from RMB 20,396,627 thousand in 2023[17]. - The equity-to-debt ratio improved to 53.96% in 2024 from 55.27% in 2023, indicating a stronger capital structure[17]. - The company's total profit for 2024 was RMB 224.8 million, a slight decrease of 0.16% from RMB 225.1 million in the previous year[59]. - Net profit increased by 1.93% to RMB 209.5 million in 2024, compared to RMB 205.6 million in the same period last year[61]. - The company's capital expenditure as of December 31, 2024, was RMB 1,261.8 million, significantly higher than RMB 297.1 million as of December 31, 2023[63]. Market Expansion and Contracts - In 2024, the company secured new contracts worth RMB 16.857 billion, representing a 3.87% increase compared to 2023, enhancing its market competitiveness[11]. - The company aims to expand its market presence in overseas and "Belt and Road" clean energy projects, while maintaining its traditional strengths in chemical and municipal sectors[16]. - The foreign contracting engineering business completed an operating revenue of RMB 781.02 billion from January to September 2024, representing a year-on-year growth of 2.1%[33]. - New signed contracts in the foreign contracting engineering sector reached RMB 1,220.58 billion, reflecting a growth of 23.8%[33]. - The company secured the largest single contract for a 400 MW wind power hydrogen production project in Xinjiang, marking a significant milestone in its renewable energy initiatives[35]. Innovation and Technology - The company launched 211 technology projects in 2024, emphasizing innovation and digital transformation[15]. - The company has initiated 15 technology breakthroughs in the hydrogen energy sector, including a project on the chemical depolymerization of discarded wind turbine blades[12]. - The company is advancing its research capabilities by collaborating with universities and enhancing its project and talent management mechanisms to boost innovation[86]. - The company is implementing a high-speed information technology transformation to improve data quality and management efficiency, addressing issues like data silos[87]. Cost Management and Efficiency - The company has achieved a reduction in comprehensive financing costs from 5.51% to 5.02%, supporting green project construction with lower-cost funding[13]. - The company has implemented a project management model that has led to cost reductions and increased efficiency, resulting in higher customer satisfaction[14]. - The company's sales cost for 2024 was RMB 10,722.5 million, an increase of 12.02% from RMB 9,571.9 million in 2023, reflecting the rise in revenue scale and corresponding cost inputs[45]. - The company has successfully reduced operational costs by 10% through efficiency improvements, contributing to higher profit margins[9]. Governance and Compliance - The company emphasizes the importance of compliance with regulatory requirements, including information disclosure and decision-making processes, to avoid penalties from regulatory bodies[78]. - The company aims to strengthen its governance structure and management responsibilities, focusing on performance evaluation and the establishment of exit standards for underperforming personnel[80]. - The company has established a robust mechanism for independent directors to provide independent opinions and judgments on development and business strategies[144]. - The company has complied with the Corporate Governance Code throughout the fiscal year ending December 31, 2024[140]. Human Resources and Talent Management - The company is focused on a comprehensive talent management system, promoting a dynamic environment for talent cultivation and retention[88]. - The company is committed to diversity and equal opportunity in hiring, training, and professional development[193]. - Approximately 27.0% of the company's full-time employees, including senior management, are women as of December 31, 2024[193]. - The company aims to enhance gender diversity at all levels, including encouraging current board members to nominate female candidates[195]. Environmental and Social Responsibility - The company is focusing on the development of green energy and asset value services as part of its dual-driven model for value creation[16]. - The company has successfully obtained the first batch of green power certificates and achieved an EPC installed capacity of 2.5 GW in the renewable energy sector[35]. - The company has entered the green hydrogen production sector and is expanding into renewable energy projects in Southeast Asia and Africa, including significant contracts in Indonesia and Kazakhstan[37]. Risk Management - The company faces significant risks related to policy regulation, market fluctuations, and environmental compliance, which could impact its operational and financial performance[76][77]. - The company has established effective comprehensive risk management systems to enhance risk prevention and management levels[187]. - The company conducts annual risk assessments to evaluate the risk situation for the following year[188].

3月27日，山西建筑行业首个上市公司山西安装集团发布了2024年度业绩报告。 公告显示，截至2024年12月31日止年度业绩，该集团取得营业收入人民币122.43亿元（单位下同），同比增加11.59%；归属于母公司股东的净利润1.53亿 元，同比减少0.99%；每股基本盈利0.11元，拟分派股息每10股股份0.04537元。 据公开信息显示，2024年，山西安装集团以超450亿元的合同签订额，保持了高质量发展的稳健态势。其中，在山西市场新签合同额超164亿元，并拿下多 个重要项目。 例如，以山西天星煤气化有限公司年产101万吨焦炭及8万吨LNG新能源项目、浮山县污水处理厂提质改造项目、全国一体化算力网络国家枢纽节点山西 枢纽（太原）项目、长治高新区新材料产业基地项目为代表的121个项目先后落地山西。 除了山西市场外，山西安装集团新签项目遍布全国26个省，合同额达260.45亿元。宝看了位于新疆的明阳拉萨市尼木县50MW光储牧光互补光伏发电总承 包项目，位于中原的郑州航空港经济综合实验区绿轴印象项目，位于辽东地区的阜新恒久安泰电解液项目等。 | 財務摘要 | | | | | --- | --- | --- | ...

Financial Performance - Operating revenue for the year ended December 31, 2024, was RMB 12,242,889 thousand, an increase of RMB 1,271,780 thousand or 11.6% compared to RMB 10,971,109 thousand in 2023[3] - Gross profit for the same period was RMB 1,520,400 thousand, up by RMB 121,175 thousand, resulting in a gross margin of 12.4%, down from 12.8% in 2023[3] - Net profit attributable to shareholders of the parent company was RMB 153,412 thousand, a decrease of RMB 1,530 thousand compared to RMB 154,942 thousand in 2023[3] - The total comprehensive income for the year was RMB 211,795 thousand, slightly up from RMB 208,080 thousand in 2023[14] - The company reported a basic earnings per share of RMB 0.11, down from RMB 0.15 in the previous year[12] - The company achieved a profit before tax of RMB 224,752 thousand in 2024, slightly down from RMB 225,123 thousand in 2023[46] - The total profit for 2024 was RMB 224.8 million, a decrease of 0.16% from RMB 225.1 million in the previous year[97] - Net profit for 2024 increased by 1.93% to RMB 209.5 million, compared to RMB 205.6 million in the previous year[99] Revenue Breakdown - Main business revenue was RMB 12,199,170 thousand, up 11.5% from RMB 10,940,343 thousand in 2023[37] - Revenue from the main business segment of professional industrial engineering was RMB 9,091,213 thousand, a 42.7% increase from RMB 6,371,536 thousand in 2023[39] - Revenue from overseas operations was RMB 281,292 thousand in 2024, a decline of 47.1% from RMB 531,202 thousand in 2023[41] - Total operating revenue for the construction contracting segment was RMB 11,458,172,000, while the non-engineering segment generated RMB 1,262,477,000, totaling RMB 12,242,889,000[55] - Revenue from professional supporting engineering decreased by 59.69% to RMB 904.4 million in 2024 from RMB 2,243.3 million in 2023, attributed to reduced income from projects in the later stages of construction[80] Expenses and Liabilities - Operating costs for 2024 were RMB 10,722,490 thousand, representing an increase of 12.0% from RMB 9,571,884 thousand in 2023[37] - Research and development expenses increased to RMB 593,406 thousand, up from RMB 443,205 thousand in 2023, reflecting a focus on innovation[12] - The company reported a total tax expense of RMB 57,554 thousand in 2024, down 11.4% from RMB 64,854 thousand in 2023[7] - The company's financial expenses increased by 6.14% to RMB 102.3 million in 2024 from RMB 96.4 million in 2023, mainly due to an increase in loan principal[91] - The company reported accounts receivable of RMB 6,404,345 thousand in 2024, with a bad debt provision of RMB 443,672 thousand, resulting in a loss rate of 6.93%[22] - Total liabilities increased to RMB 20,780,805 thousand from RMB 20,396,627 thousand in 2023, indicating a rise in financial obligations[8] Assets and Capital - Total assets as of December 31, 2024, amounted to RMB 24,124,161 thousand, an increase from RMB 23,522,431 thousand in 2023[6] - The company’s cash and cash equivalents stood at RMB 2,626,837 thousand, a slight decrease from RMB 2,636,546 thousand in 2023[6] - The company's capital expenditure commitments as of December 31, 2024, totaled RMB 1,261.8 million, significantly up from RMB 297.08 million as of December 31, 2023[104] - The debt-to-capital ratio as of December 31, 2024, was 53.9%, a decrease from 55.3% as of December 31, 2023[105] Dividends - The company declared a dividend of RMB 0.04537 per share for every 10 shares, including tax[3] - The proposed final dividend for the year ending December 31, 2024, is RMB 0.04537 per share, totaling approximately RMB 6,233,000, pending shareholder approval[51] - The final dividend is subject to approval at the company's annual general meeting, scheduled for June 4, 2025[135] Strategic Focus and Development - The company plans to adopt Chinese accounting standards for financial reporting starting from the 2024 semi-annual report, aiming to enhance efficiency and reduce disclosure costs[18] - The company is actively exploring multiple development models, including equity cooperation and resource sharing, to enhance its position in the new energy sector, with a total of 300 MW of new energy indicators acquired throughout the year[59] - The company is committed to transforming into a low-carbon project operator, with ongoing investments in waste treatment and resource utilization projects, aligning with the green development strategy[62] - The company aims to strengthen its professional sectors by leveraging its petrochemical qualifications and expanding into the chemical market, focusing on municipal projects and renewable energy, particularly in photovoltaic and wind power[112] Risks and Compliance - The company faces significant operational risks due to reliance on the overall economic situation in China and changes in government policies affecting the engineering industry[122] - Market risks include uncertainties arising from major customers and suppliers, as well as foreign exchange and interest rate risks[123] - Compliance with environmental regulations is critical, with potential penalties for severe environmental violations that could impact operations[124] Corporate Governance - The company adheres to strict corporate governance standards to enhance shareholder value and maintain transparency[128] - The audit committee has reviewed the group's accounting principles and policies, confirming that the annual performance has been prepared in accordance with applicable accounting standards[132]

Financial Performance - For the first half of 2024, the company achieved a revenue of RMB 6,127 million and a profit of RMB 116 million[8]. - For the six months ended June 30, 2024, the company's revenue was RMB 6,127.1 million, an increase of 16.4% compared to RMB 5,265.0 million in the same period last year, primarily due to the peak construction period of power engineering projects in the professional industrial engineering segment[29]. - The company's net profit for the same period was RMB 115.7 million, an increase of 5.0% compared to RMB 110.2 million in the previous year[48]. - Gross profit for the six months ended June 30, 2024, was RMB 716.6 million, a decrease of 10.7% from RMB 802.9 million in the previous year, with a gross margin of 11.7%, down from 15.3%[31]. - The company's total comprehensive income for the first half of 2024 was RMB 111,510,565.42, slightly up from RMB 111,366,274.56 in the first half of 2023[107]. - The basic earnings per share for the first half of 2024 decreased to RMB 0.07 from RMB 0.08 in the same period of 2023[107]. Market Expansion and Projects - The company successfully secured projects in the professional industrial engineering sector, including a 50,000 kW distributed wind power project and various photovoltaic projects totaling over 100 MW each[9]. - In the professional supporting engineering sector, the company won contracts for multiple heating network expansion and renovation projects in Taiyuan and surrounding areas[11]. - The company is actively pursuing new investment projects in clean heating, solid waste disposal, and water environment governance, with significant progress in various initiatives[12]. - The company has maintained a focus on international expansion, successfully winning a coal preparation plant project in Indonesia as part of its "Big Overseas" strategy[11]. - The company aims to enhance quality and efficiency in 2024, focusing on transformation and market expansion in new energy and chemical engineering sectors[61]. - The company plans to strengthen its overseas project management and enhance delivery quality to support the "Belt and Road" initiative[62]. Financial Position and Assets - As of June 30, 2024, the company's cash and bank balances amounted to approximately RMB 3,044.2 million, up from RMB 2,636.5 million as of December 31, 2023[52]. - The company's borrowings increased to RMB 6,951.7 million as of June 30, 2024, compared to RMB 5,951.8 million at the end of 2023, primarily to supplement cash for daily operations[52]. - Total current assets increased to ¥19.12 billion as of June 30, 2024, up from ¥17.06 billion at the end of 2023, representing a growth of approximately 12.06%[97]. - Total liabilities rose to ¥22.53 billion as of June 30, 2024, compared to ¥20.40 billion at the end of 2023, indicating an increase of about 10.45%[99]. - The company's total assets at the end of the reporting period were RMB 2,548,531,975.35, up from RMB 1,697,116,619.30 at the end of the first half of 2023, reflecting a growth of 50.3%[116]. Research and Development - Research and development expenses for the six months ended June 30, 2024, were RMB 135.5 million, a decrease of 26.9% from RMB 185.3 million in the previous year, due to a reduction in the number of R&D projects[37]. - Research and development expenses for the first half of 2024 were RMB 135,481,163.57, down 26.9% from RMB 185,265,736.38 in the same period of 2023[105]. Shareholder Information - Major shareholders include Shanxi Construction Investment holding 980 million shares (100% of the relevant category), representing 72.81% of the company's issued share capital[72]. - The total number of shares held by major shareholders indicates a concentrated ownership structure, with significant stakes held by a few entities[72]. - The company has no other known shareholders holding 5% or more of the issued share capital, apart from those disclosed[75]. Cash Flow and Financing Activities - Cash flow from operating activities generated a net inflow of RMB 54,642,597.96 in the first half of 2024, compared to RMB 48,875,083.71 in the same period of 2023, an increase of 11.5%[114]. - Cash flow from financing activities showed a net inflow of RMB 549,097,403.83 in the first half of 2024, compared to RMB 615,234,624.76 in the same period of 2023, a decrease of 10.7%[116]. - Net cash flow from financing activities improved significantly to RMB 749,811,913.46, compared to RMB 161,129,853.64 in the first half of 2023[121]. Risks and Challenges - The company faces significant operational risks related to changes in government policies affecting the construction industry[65]. - Market risks include uncertainties from major customers and suppliers, as well as foreign exchange and interest rate risks[66]. Corporate Governance - The company has adopted corporate governance codes to maintain high levels of accountability and transparency, ensuring compliance with applicable regulations[84]. - The audit committee has reviewed the unaudited mid-year report for 2024, confirming compliance with accounting standards and adequate disclosure[86]. Future Plans and Allocations - The company plans to allocate a total of RMB 738.5 million for various projects, with RMB 688.0 million remaining unutilized as of June 30, 2024[82]. - RMB 147.6 million is designated for future centralized photovoltaic projects, expected to be utilized by the end of 2025[79]. - The company aims to fund future investments in clean heating projects with RMB 29.5 million, expected to be used by the end of 2026[79].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 6,127 million, representing a 16.4% increase from RMB 5,265 million in the same period of 2023[2] - Gross profit decreased by 10.7% to RMB 717 million, down from RMB 803 million in the previous year[2] - Net profit attributable to shareholders increased by 6.0% to RMB 89 million, compared to RMB 84 million in the same period last year[2] - The company reported a basic earnings per share of RMB 0.07, a decrease of 12.5% from RMB 0.08 in the previous year[2] - Operating revenue for the first half of 2024 reached RMB 6,127,097,623.16, a 16.3% increase from RMB 5,264,950,621.52 in the same period of 2023[7] - Net profit for the first half of 2024 was RMB 115,742,587.88, up 5.7% from RMB 110,231,871.08 in the first half of 2023[8] - The total profit for the first half of 2024 was RMB 113,454,707.27, compared to RMB 120,923,401.76 in the first half of 2023, indicating a decrease of 6.1%[8] - The company reported a decrease in operating profit to RMB 113,631,724.19 from RMB 135,400,986.01, reflecting a decline of 16.1% year-over-year[7] - Basic earnings per share for the first half of 2024 were RMB 0.07, down from RMB 0.08 in the same period of 2023[10] - The company’s total comprehensive income attributable to shareholders of the parent company was RMB 111,510,565.42, slightly up from RMB 111,366,274.56 in the first half of 2023[10] Assets and Liabilities - Total current assets as of June 30, 2024, amounted to RMB 19,121 million, an increase from RMB 17,060 million as of December 31, 2023[4] - Total assets increased to RMB 25,786 million as of June 30, 2024, compared to RMB 23,522 million at the end of 2023[6] - Current liabilities rose to RMB 18,935 million, up from RMB 17,006 million at the end of 2023[6] - Total liabilities increased to RMB 22,525 million as of June 30, 2024, compared to RMB 20,396 million at the end of 2023[6] - The company’s cash and cash equivalents increased to RMB 3,044 million from RMB 2,636 million at the end of 2023[4] Research and Development - Research and development expenses decreased to RMB 135,481,163.57 from RMB 185,265,736.38, a reduction of 26.9%[7] - R&D expenses were RMB 135.5 million, a decrease of 26.9% from RMB 185.3 million, attributed to a reduction in the number of R&D projects[55] Market and Strategic Focus - The company plans to continue focusing on industrial engineering contracting and related services as part of its core business strategy[11] - The company anticipates continued growth in revenue and profitability for the remainder of 2024, driven by expansion in both domestic and international markets[21] - The company plans to expand its market presence in Southeast Asia, Central Asia, and Africa, focusing on renewable energy and chemical engineering projects[36] - The company is actively pursuing new energy projects, including pumped storage and compressed air energy storage, to enhance its service offerings[35] - The company has implemented a strategy to expand its market presence through new technology and product development, supported by favorable tax incentives[28] Tax and Compliance - The company has received high-tech enterprise certification, allowing it to benefit from a reduced corporate income tax rate of 15% until December 2024[27] - Tax and additional charges for the six months ended June 30, 2024, were RMB 13.0 million, a decrease of 22.9% from RMB 16.9 million in the same period last year, primarily due to a reduction in property tax and stamp duty[52] - The company has adopted corporate governance practices in line with the Stock Exchange's guidelines, ensuring accountability and transparency to enhance shareholder value[82] Employee and Operational Metrics - The company has 3,739 full-time employees as of June 30, 2024, with employee expenses totaling approximately RMB 317 million during the reporting period[76] - Short-term employee compensation liabilities rose to approximately $113.74 million, with an increase of $37.06 million during the period[18] Risks and Challenges - The company faces significant risks from changes in government policies affecting the construction industry, which could impact business and financial performance[72] Dividends and Shareholder Returns - The board of directors has resolved not to declare any interim dividend for the six months ended June 30, 2024[2] - No interim dividends will be distributed for the reporting period, consistent with the previous year[85]

Financial Performance - In 2023, the company reported a revenue of RMB 11,150,176 thousand, a decrease of 13.2% from RMB 12,844,822 thousand in 2022[19]. - The gross profit for 2023 was RMB 1,578,292 thousand, down from RMB 1,842,046 thousand in the previous year, resulting in a gross margin of 14.2%[19]. - The net profit attributable to equity holders was RMB 154,942 thousand, slightly up from RMB 150,882 thousand in 2022, with a net profit margin of 1.8%[19]. - Total assets increased to RMB 23,522,431 thousand in 2023, compared to RMB 21,447,024 thousand in 2022[19]. - Total liabilities rose to RMB 20,396,627 thousand, up from RMB 19,214,104 thousand in the previous year, resulting in a debt-to-equity ratio of 6.53[19]. - The company achieved a total revenue of RMB 11,150.2 million, a decrease of 13.2% compared to RMB 12,844.8 million in 2022[34]. - The professional industrial engineering segment generated revenue of RMB 6,351.1 million, down 16.3% from RMB 7,591.1 million in the previous year[35]. - Revenue from professional supporting engineering business was RMB 2,236.1 million, an increase of 6.9% compared to RMB 2,091.1 million in 2022[36]. - Revenue from other engineering business decreased by 32.7% to RMB 1,276.5 million from RMB 1,896.6 million in 2022[37]. - Revenue from non-engineering business increased by 1.6% to RMB 1,286.5 million from RMB 1,266.0 million in 2022[38]. Market Expansion and Contracts - New contract signing amount increased by 11.2% year-on-year, while profit grew by 2.56%, and operating revenue decreased by 13.2%[11]. - The company achieved over 50% market share outside the province, with new contracts in overseas markets amounting to CNY 2.738 billion[12]. - The traditional sectors such as municipal, chemical, and electromechanical engineering saw new contract amounts increase by 11.07% year-on-year[12]. - The company secured key projects including a 200MW wind power project in Gujiao and a 66MW wind power project in Bangladesh, enhancing its presence in the renewable energy sector[13]. - The overseas new contract amount reached RMB 2.738 billion, with significant projects in Algeria, Vietnam, and Zimbabwe[32]. - The company secured a total of 374 MW in distributed and centralized renewable energy projects in 2023, including a 66 MW wind project in Bangladesh and an 80 MW solar project in Algeria[31]. Innovation and Technology - The company received 15 authorized patents and participated in the development of 6 key technologies in clean heating and new energy, achieving advancements in international and domestic standards[11]. - The company has developed three major platforms for BIM applications, enhancing its digital design and construction management capabilities[11]. - The company emphasizes the importance of innovation and technology development, planning to increase R&D investment to solve key technical challenges[76]. - The company is investing in new technologies, particularly in BIM (Building Information Modeling), to improve project delivery and quality assurance[98]. Corporate Governance and Management - The company maintains high corporate governance standards, adhering to the principles and code provisions of the Corporate Governance Code as per the Hong Kong Listing Rules since its listing date until December 31, 2023[103]. - The board consists of 11 members, including 3 executive directors, 4 non-executive directors, and 4 independent non-executive directors, ensuring a diverse and balanced leadership structure[107]. - The company has established an independence assessment mechanism for the board to ensure strong independence and effective judgment[122]. - The board has established three committees: Audit Committee, Remuneration and Assessment Committee, and Nomination Committee, each responsible for specific company affairs and providing advice or recommendations to the board[123]. - The company has a robust financial management team, with members having extensive experience in accounting and finance, ensuring sound financial practices[87]. Environmental, Social, and Governance (ESG) - The 2023 ESG report reflects the company's commitment to environmental, social, and governance practices, adhering to the guidelines set by the Hong Kong Stock Exchange[158]. - The company has established a three-tier ESG governance structure, led by the board of directors, to oversee and implement ESG initiatives[166]. - The company aims to enhance its ESG performance by integrating green, low-carbon, and high-quality sustainable development into its strategic goals[165]. - The company is committed to promoting low-carbon technologies and has reserved multiple leading construction techniques to support business structure adjustments[165]. Safety and Risk Management - The company has established a safety production committee to oversee and coordinate safety production work, implementing a management structure led by the chairman[200]. - The company has adopted a "zero tolerance" approach to safety risk management, enhancing its safety risk management system to control various risks effectively[199]. - The company has implemented a comprehensive safety inspection approach covering seven aspects, including organization, system, and safety education training[200]. - The company has established an effective comprehensive risk management system to enhance risk prevention and management levels[133]. Employee and Leadership Development - Employee expenses totaled approximately RMB 613.0 million in 2023, compared to RMB 542.9 million in 2022, reflecting an increase in workforce costs[64]. - Approximately 26.1% of the company's full-time employees, including senior management, are women as of December 31, 2023[136]. - The company is committed to providing long-term development opportunities for female employees in various fields, including operations, management, and compliance[137]. - The leadership team is focused on continuous improvement and professional development, with members holding advanced degrees and certifications in their respective fields[83][85][87].