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，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司 China Railway Signal & Communication Corporation Limited* （在中華人民共和國註冊成立的股份有限公司） （股份代號：03969） 2 0 2 3 年 第 一 季 度 報 告 中國鐵路通信信號股份有限公司（「本公司」或「公司」）董事會欣然宣佈本公司及其 附屬公司截至2023年3月31日止第一季度期間按照中國企業會計準則編製的未經 審計財務資料。本公告乃根據香港法例第571章證券及期貨條例第XIVA部項下內 幕消息條文及香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)和 第13.10B條的要求作出。 本公告載列本公司在上海證券交易所網站刊登之《中國鐵路通信信號股份有限公 司2023年第一季度報告》的中文版本和英文翻譯版本，僅供參閱。如中英文版本 有任何不一致，以中文版本為準。 ...

Financial Performance - The company's operating revenue for 2022 was CNY 40,203,207,773.29, an increase of 4.81% compared to CNY 38,358,297,108.78 in 2021[25]. - Net profit attributable to shareholders for 2022 was CNY 3,633,640,258.62, reflecting a growth of 10.96% from CNY 3,274,672,689.28 in 2021[25]. - The net profit after deducting non-recurring gains and losses was CNY 3,416,830,555.97, up by 9.38% from CNY 3,123,863,726.28 in the previous year[25]. - The net cash flow from operating activities decreased by 24.80% to CNY 2,082,161,660.88 from CNY 2,768,701,491.06 in 2021[25]. - The total assets at the end of 2022 were CNY 116,806,544,483.88, representing a 7.22% increase from CNY 108,942,588,838.30 at the end of 2021[25]. - Basic earnings per share for 2022 were CNY 0.33, a 10.00% increase from CNY 0.30 in 2021[27]. - The R&D expenditure as a percentage of operating revenue was 4.66%, a decrease of 0.30 percentage points from 4.96% in 2021[27]. - The weighted average return on net assets increased to 8.17%, up by 0.60 percentage points from 7.57% in 2021[27]. - The company reported quarterly revenues of CNY 6,941,051,579.25, CNY 11,442,310,858.50, CNY 8,561,411,457.15, and CNY 13,258,433,878.39 for Q1, Q2, Q3, and Q4 of 2022 respectively[29]. - The net profit attributable to shareholders for Q4 2022 was CNY 1,032,443,413.29, showing a strong performance in the last quarter[29]. Research and Development - The company invested RMB 1.874 billion in R&D throughout the year, focusing on key core technology breakthroughs and applications in various metro lines[9]. - The company is actively engaged in research and development of new technologies, including various train control systems[6]. - The company has developed a regional rail transportation collaborative operation and service system, which has completed on-site demonstration applications[56]. - The company has developed a high-density automatic operation control system for heavy freight trains, aimed at improving transportation efficiency and reducing energy consumption[57]. - The company has developed a new type of train control system based on Beidou satellite positioning, completing comprehensive field testing[83]. - The company has developed advanced technologies for automatic train operation and intelligent detection and maintenance in rail transit, supporting rapid market promotion[118]. - The company has achieved a leading level in the industry with its digital track circuit technology, enhancing safety and reliability in complex environments[97]. - The company has developed a fully electronic interlocking control system with a safety integrity level of SIL4, significantly reducing installation and debugging time by over 80%[74]. - The company has developed a lightweight intelligent relay suitable for railway signal systems, enhancing safety and reliability[103]. - The company has developed a smart maintenance system for subways, expected to significantly improve maintenance efficiency and reduce labor costs through automated functions and cloud-based management[105]. Strategic Initiatives - The company is committed to implementing the "14th Five-Year" strategic plan, focusing on reform and development to adapt to new market conditions[8]. - The company aims to strengthen its position as a world-class enterprise in the railway control system technology sector, focusing on high-quality development and brand building[14]. - The company is actively pursuing international projects, with successful openings of the Hungary-Serbia railway and high-standard railways in Egypt and Indonesia[12]. - The company aims to enhance its technological innovation capabilities and accelerate the development and market transformation of new technologies and products[132]. - The company plans to leverage its integrated advantages across the entire industry chain, including design, manufacturing, and installation[174]. - The company aims to achieve stable growth and optimize its industrial system while focusing on technological innovation and risk prevention in 2023[175]. Market Position and Competition - The company maintains a leading position in the urban rail transit signal system integration sector, securing contracts for 22 projects, which helped maintain over 50% market share nationally[36]. - The company has strengthened its overseas market presence, leveraging successful projects like the Hungary-Serbia high-speed railway to enhance its global brand influence[52]. - The company faces increased competition in the railway construction and urban rail transit markets, necessitating a focus on technological innovation to maintain competitiveness[137]. - The competitive landscape in the rail transit industry is expected to remain stable in the short term, with increasing complexity in market operations due to various factors[173]. - The company anticipates intensified competition in the rail transit control systems sector, particularly from domestic and international players[171]. Corporate Governance and Compliance - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[3]. - The company has not reported any violations of decision-making procedures regarding external guarantees[3]. - The company’s board of directors has fully attended the board meeting, ensuring governance and oversight[2]. - No directors, supervisors, or senior management have any interests or short positions in the company's shares or related securities as of December 31, 2022[197]. - The company has purchased effective directors' insurance for its directors as of the report date[200]. Social Responsibility - The company donated a total of RMB 595,000 to local charitable organizations and impoverished county governments in 2022[190].

Research and Development - In 2022, the company invested CNY 1.874 billion in R&D, focusing on key core technology breakthroughs[12]. - The company has established a research center for intelligent control of autonomous train operations, enhancing its innovation capabilities[12]. - The company is conducting foundational research on key technologies for the Sichuan-Tibet Railway communication signal system and 5G technology in rail transit[12]. - The company emphasizes the importance of scientific research and innovation, implementing flexible salary management and performance evaluation systems to encourage research成果转化[14]. - The company achieved a total R&D investment of approximately ¥1.87 billion in 2022, a slight decrease of 1.45% compared to ¥1.90 billion in 2021[66]. - The company filed 1,339 new patent applications and received 876 new patent grants during the reporting period, bringing the total number of valid patents to 3,929[64]. - The company has developed a new train operation control system that integrates satellite positioning technology, enhancing operational reliability[61]. - The company has developed a high-precision simulation technology based on spatial multi-physical field coupling, achieving an error rate within 0.5% for railway circuit transmission characteristics analysis, covering approximately 10,000 typical configurations in China[53]. - The company has developed a new type of city rail control system that supports automatic return and end-switching functions, meeting the needs of urban rail construction in major metropolitan areas[74]. - The company has developed a regional rail transportation collaborative service technology that enhances overall transportation capacity and improves emergency response efficiency[54]. Financial Performance - In 2022, the company's operating revenue reached ¥40.20 billion, an increase of 4.81% compared to ¥38.36 billion in 2021[22]. - The net profit attributable to shareholders was ¥3.63 billion, reflecting a growth of 10.96% from ¥3.27 billion in the previous year[22]. - The net cash flow from operating activities decreased by 24.80% to ¥2.08 billion, down from ¥2.77 billion in 2021[22]. - The company maintained a weighted average return on equity of 8.17%, up by 0.60 percentage points from 7.57% in 2021[23]. - The total assets of the company increased by 7.22% to ¥116.81 billion at the end of 2022, compared to ¥108.94 billion at the end of 2021[22]. - The company reported a total of 1,474.12 billion in hand orders by the end of 2022, indicating a strong backlog for future projects[28]. - The company achieved a net profit of ¥1.03 billion in Q4 2022, contributing to a total annual net profit of ¥3.63 billion[24]. - The company reported a significant decrease in the sales volume of the track circuit equipment by 10.94% year-on-year, with sales amounting to 13,301 sets[98]. - The total cash flow from financing activities was negative at approximately ¥2.42 billion, compared to a negative cash flow of ¥2.07 billion in the previous year[94]. - The company's operating costs for 2022 amounted to 30.68 billion RMB, an increase of 2.79% compared to 29.85 billion RMB in the previous year, which is 2.02 percentage points lower than the revenue growth rate[100]. Governance and Compliance - The company has maintained a stable governance structure with no reported changes in the differential voting rights arrangement during the reporting period[129]. - The company continues to focus on maintaining its operational independence and has not faced any major challenges in this regard[126]. - The company has successfully elected new independent directors to strengthen its governance framework[128]. - The company appointed a new Chief Compliance Officer in October 2022, indicating a focus on regulatory adherence and governance[132]. - The company has seen significant leadership changes, including the appointment of a new Chief Financial Officer and Secretary of the Board in June and July 2022, respectively[132]. - The company has a remuneration and assessment committee that proposes remuneration for directors and senior management to the board[152]. - The company has established a debt financing tool information disclosure management system[155]. - The company has implemented a comprehensive risk management strategy, including regular assessments and monitoring of major risks[164]. - The company has agreed on various proposals related to external audit and internal audit plans, ensuring transparency and accountability in financial reporting[163]. - The company has not reported any significant deficiencies in its internal control systems during the reporting period[174]. Market Expansion and Strategy - The company is focused on expanding its international presence and supporting business development through technological leadership[12]. - The company plans to strengthen its international presence through projects like the Hungary-Serbia railway and the Jakarta-Bandung high-speed railway, showcasing its capabilities on a global stage[13]. - The company aims for a significant increase in overall contract acquisition levels in 2023, with core business areas like railways and urban rail expected to grow more than the 2022 growth rate[30]. - The company is adapting to changes in the railway investment landscape by shifting its focus from new line construction to upgrading existing lines and expanding into new market segments[90]. - The company is actively expanding its market presence, as evidenced by the appointment of new executives with extensive industry experience[133]. - The company is exploring new strategic partnerships to enhance its service offerings and expand its customer base[135]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the G sector[137]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the next fiscal year[139]. - The company is focusing on enhancing its digital services, with a goal to increase digital revenue contribution to 30% of total revenue by the end of the next fiscal year[141]. - The company is actively promoting green construction practices and has received recognition for its innovative applications of BIM technology[197]. Environmental and Social Responsibility - The company invested approximately 18.49 million yuan in environmental protection funds during the reporting period[180]. - In 2022, the company reduced carbon dioxide emissions to 74,039 tons, with an emission intensity of 0.0186 tons per 10,000 yuan of revenue[187]. - The company has established a comprehensive ESG management system, integrating ESG into daily operations and reporting[179]. - The company has actively promoted green manufacturing practices, aiming to minimize pollution and enhance resource utilization[185]. - The company organized environmental awareness campaigns with over 33,523 participants to enhance energy-saving and low-carbon awareness[197]. - The company donated 235,000 RMB to support cultural and educational development and assist impoverished children[198]. - The company contributed 360,000 RMB to rural revitalization efforts[198]. - The company has developed emergency response plans for environmental incidents, clearly defining responsibilities and procedures[183]. - The company has made significant progress in reducing waste emissions, with a focus on recycling and resource efficiency[189]. - The company emphasizes corporate responsibility through active participation in local government initiatives and public health campaigns[199].

Financial Performance - The company has not achieved profitability since its listing, indicating ongoing challenges in financial performance[3]. - The company's operating revenue for 2022 was ¥40,203,207,773.29, representing a 4.81% increase from ¥38,358,297,108.78 in 2021[26]. - The net profit attributable to shareholders for 2022 was ¥3,633,640,258.62, a 10.96% increase compared to ¥3,274,672,689.28 in 2021[26]. - The net profit after deducting non-recurring gains and losses for 2022 was ¥3,416,830,555.97, reflecting a 9.38% increase from ¥3,123,863,726.28 in 2021[26]. - The net cash flow from operating activities decreased by 24.80% to ¥2,082,161,660.88 in 2022 from ¥2,768,701,491.06 in 2021[26]. - The total assets at the end of 2022 were ¥116,806,544,483.88, a 7.22% increase from ¥108,942,588,838.30 at the end of 2021[26]. - The net assets attributable to shareholders at the end of 2022 were ¥45,323,917,197.95, up 4.06% from ¥43,554,652,753.64 at the end of 2021[26]. - Basic earnings per share for 2022 were ¥0.33, a 10.00% increase from ¥0.30 in 2021[28]. - The R&D expenditure as a percentage of operating revenue was 4.66% in 2022, a decrease of 0.30 percentage points from 4.96% in 2021[28]. - The weighted average return on net assets for 2022 was 8.17%, an increase of 0.60 percentage points from 7.57% in 2021[28]. Governance and Compliance - The report includes a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial statements[3]. - The company emphasizes the importance of risk management and has outlined potential risks in the management discussion section of the report[4]. - The report indicates 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 regarding external guarantees[4]. - The company is committed to ensuring the authenticity and completeness of the annual report, with all directors present at the board meeting[4]. - The company has a comprehensive governance structure in place, with all board members affirming the report's accuracy[4]. - The company has implemented internal controls to ensure compliance with relevant laws and regulations, and the board believes it is in compliance in significant aspects[179]. - The company has not reported any significant transactions involving directors or supervisors that could constitute a conflict of interest during the reporting period[194]. - The company confirms that there are no interests or conflicts of interest among its directors, supervisors, and senior management in competing businesses as of the report date[197]. - As of December 31, 2022, there are no shareholdings or relevant interests held by directors, supervisors, or senior management that require disclosure under the Securities and Futures Ordinance[198]. Market Expansion and Strategy - The company is actively pursuing market expansion through international projects, including the successful opening of the Hungary-Serbia railway and the high-standard opening of the Egypt railway[13]. - The company plans to strengthen its governance and risk prevention measures to ensure stable growth in 2023[15]. - The company aims to enhance its core competitiveness and achieve high-quality development by focusing on technological innovation and system reform[10]. - The company plans to expand its market presence in both high-speed and conventional rail sectors, ensuring growth in contract amounts[35]. - The company aims for significant growth in overall contract levels in 2023, with increases in core business areas such as railways and urban rail exceeding 2022 levels[39]. - The company is focusing on expanding its overseas business, particularly in key regions along the "Belt and Road" initiative, and exploring municipal and information technology services[39]. - The company aims to strengthen its market foundation and enhance its market power by improving information acquisition and analysis capabilities[39]. - The company is committed to integrating its core technology into other industries, focusing on digital industries and new infrastructure as part of national strategic directions[41]. - The company is focused on enhancing its core competitiveness through strategic research and development in response to emerging technologies and market demands[132]. Research and Development - The company achieved a research and development investment of RMB 1.874 billion in 2022, focusing on key core technology breakthroughs[10]. - The company has made significant progress in the development of autonomous train operation systems and other advanced technologies[10]. - The company has developed a smart passenger analysis system integrating AI algorithms, which has been applied in the Phoenix maglev and Taizhou S1 line[86]. - The company has undertaken 42 national and industry standard formulation tasks, with 2 international standards published[88]. - The company has developed a new type of train control system based on Beidou satellite positioning, completing comprehensive field testing[84]. - The company has developed a fully electronic interlocking control system with a safety integrity level of SIL4, ensuring high safety and reliability, and reducing installation and debugging time by over 80%[75]. - The company has achieved significant advancements in 5G key technology research and equipment development for railway communication systems[83]. - The company has developed a high-precision simulation testing technology for rail transit, capable of supporting the entire lifecycle of system verification and integration[67]. - The company has developed a lightweight rail transportation intelligent control technology integrating various systems for autonomous operation and emergency command, applicable to multiple light rail systems[72]. - The company has developed a smart maintenance system for subways aimed at improving equipment reliability and extending service life, significantly reducing maintenance costs[106]. Awards and Recognition - The company received 11 national quality engineering awards and 3 Luban awards in 2022, reflecting its commitment to quality and excellence[13]. - The company has been recognized as a national-level "Little Giant" enterprise and a "Single Champion" in manufacturing for its railway traffic control systems[81]. - The company has received multiple national science and technology awards, including first-class awards for the China Railway Speed-Up Project and the Daqin Railway Heavy Load Transport Technology[80][81]. Corporate Social Responsibility - The company donated a total of RMB 595,000 to local charitable organizations and impoverished county governments in 2022[191]. - The company emphasizes the importance of its employees for sustainable development, with details provided in the corporate governance section[189]. - The company’s environmental policies and performance are detailed in the environmental, social responsibility, and corporate governance section of the report[176].

Financial Performance - The company's operating revenue for Q3 2022 was RMB 8,561,411,457.15, representing a year-on-year increase of 14.61%[4] - Net profit attributable to shareholders for the same period was RMB 667,112,771.41, an increase of 17.30% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was RMB 640,718,794.54, reflecting a 13.90% year-on-year growth[4] - The basic earnings per share for Q3 2022 was RMB 0.07, up 16.67% from the same period last year[4] - Total operating revenue for the first three quarters of 2022 reached ¥26,944,773,894.90, an increase of 6.36% compared to ¥25,334,693,307.89 in the same period of 2021[18] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was ¥2,601,196,845.33, up 8.00% from ¥2,409,215,855.80 in the first three quarters of 2021[19] - The company reported a total operating profit of ¥3,500,488,742.53 for the first three quarters of 2022, an increase of 10.04% from ¥3,180,915,198.63 in the same period of 2021[19] - The net profit for the first three quarters of 2022 reached CNY 2,131,966,050.65, up 12.3% from CNY 1,897,505,260.23 in 2021[28] Assets and Liabilities - The total assets as of the end of the reporting period reached RMB 114,294,596,476.86, a 4.91% increase from the end of the previous year[4] - Total assets as of September 30, 2022, amounted to ¥114,294,596,476.86, compared to ¥108,942,588,838.30 at the end of 2021, reflecting a growth of 4.00%[16] - Total liabilities as of September 30, 2022, were ¥68,124,952,248.47, an increase of 7.00% from ¥63,571,212,916.84 at the end of 2021[15] - The total assets of the company reached approximately ¥114.29 billion, up from ¥108.94 billion at the end of 2021[46] - The company's total liabilities decreased to CNY 16,358,257,236.24 as of September 30, 2022, down from CNY 17,601,397,574.52 at the end of 2021[56] Cash Flow - The company reported a net cash flow from operating activities of RMB 906,260,076.74 for the quarter[4] - Cash flow from operating activities for the first three quarters of 2022 was negative CNY 184,912,689.20, compared to a positive CNY 345,439,532.93 in the same period of 2021, reflecting a decline in operational cash flow[22] - Cash flow from operating activities for the first three quarters of 2022 was negative CNY 655,561,001.35, compared to positive CNY 509,011,615.27 in 2021[29] - The company reported a net cash outflow from financing activities of CNY 1,030,129,284.30 in the first three quarters of 2022, an improvement from a net outflow of CNY 5,686,738,960.91 in the same period of 2021[53] Research and Development - Research and development expenses totaled RMB 459,878,716.88 for the quarter, which is a 10.20% increase year-on-year[4] - Research and development expenses for the first three quarters of 2022 were ¥1,080,916,105.83, compared to ¥977,813,595.54 in the same period of 2021, indicating a rise of 10.52%[18] - Research and development expenses increased to CNY 101,068,395.04 in 2022 from CNY 77,562,080.40 in 2021, reflecting a growth of 30.2%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,035[6] - The largest shareholder, China Railway Signal Group Co., Ltd., held 62.37% of the shares[6] - The total number of common shareholders at the end of the reporting period was 91,035, with the largest shareholder, China Railway Signal & Communication Group, holding 6,604,426,424 shares, accounting for 62.37% of the total shares[36] Market Performance - The railway sector's new external contract amount was RMB 130.96 billion, a year-on-year increase of 27.44%[9] - The overseas business saw a significant increase in revenue, with a 113.41% rise to RMB 94,503.36 million compared to the previous year[9] - The company maintained a leading market share in the urban rail transit sector despite a decline in new contracts due to pandemic-related delays[11] - The company secured over 50% of the national market share by winning 16 projects, including key lines in Xuzhou, Changchun, and Shenzhen[41] Comprehensive Income - Total comprehensive income for the first three quarters of 2022 reached CNY 2,927,745,537.23, an increase from CNY 2,688,585,265.95 in the same period of 2021, representing a growth of approximately 8.9%[20] - The total comprehensive income for the first three quarters of 2022 was approximately CNY 2.13 billion, compared to CNY 1.90 billion in 2021[58]

Financial Performance - The company reported a significant increase in revenue during the reporting period, with a total revenue of RMB 5.2 billion, representing a year-on-year growth of 15%[12] - Operating revenue for the first half of the year reached ¥18,383,362,437.75, an increase of 2.90% compared to the same period last year[17] - Net profit attributable to shareholders was ¥1,934,084,073.92, reflecting a growth of 5.08% year-over-year[17] - The net cash flow from operating activities was negative at -¥1,091,172,765.94, worsening from -¥425,939,991.41 in the previous year[17] - The total assets increased by 3.47% to ¥112,721,899,243.89 compared to the end of the previous year[17] - Basic earnings per share rose to ¥0.18, a 12.50% increase from ¥0.16 in the same period last year[17] - The company signed new contracts totaling RMB 28.666 billion in the first half of 2022, a decrease of 11.81% compared to the same period in 2021[131] - The company has a backlog of orders amounting to RMB 144.008 billion as of the end of the first half of 2022[131] Research and Development - The company has allocated RMB 500 million for research and development in new technologies, focusing on Communication Based Train Control Systems (CBTC)[9] - Research and development expenses accounted for 4.11% of operating revenue, a decrease of 0.13 percentage points year-over-year[17] - The company has filed 596 new patent applications and received 319 new patent grants, bringing the total number of effective patents to 3,521[54] - Research and development expenses totaled approximately ¥756.97 million, representing a slight decrease of 0.22% compared to the previous year, with R&D expenses accounting for 4.24% of operating revenue[55] - The number of R&D personnel increased to 4,270, representing 21.65% of the total workforce, compared to 4,226 and 21.00% in the previous year[120] - The total compensation for R&D personnel was 359.71 million RMB, with an average salary of 84,200 RMB, down from 367.97 million RMB and 87,100 RMB respectively in the previous year[120] Market Expansion and Strategy - The company is actively pursuing market expansion strategies, targeting an increase in market share by 10% in the next two years[12] - The company plans to explore potential mergers and acquisitions to enhance its technological capabilities and market presence[12] - The company aims to achieve growth in core business areas, with a target to exceed the growth rate of 2021 in railway, urban rail, and overseas sectors[136] - The company plans to strengthen its market presence in the second half of 2022 by actively pursuing high-speed rail projects as market conditions stabilize[136] - The company is focusing on optimizing its business structure and innovating profit models to adapt to the complex international economic environment[139] Technological Innovations - New product development includes the launch of an advanced Automatic Train Operation (ATO) system, which is expected to enhance operational efficiency by 25%[9] - The company has developed core technologies for train operation control, which are widely applied in high-speed rail and urban transit systems[25] - The autonomous train driving technology has been successfully applied in high-speed rail, intercity rail, and urban rail transit, improving punctuality and operational efficiency[30] - The comprehensive automation technology for freight rail has been widely used, enhancing freight efficiency and safety through intelligent planning and control[30] - The intelligent detection and maintenance technology for rail transit has improved maintenance efficiency and significantly reduced equipment failure rates[33] Compliance and Governance - There are no reported instances of non-operational fund occupation by controlling shareholders, ensuring financial integrity[5] - The company has not encountered any violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[5] - The board of directors has confirmed the accuracy and completeness of the financial report, with no significant omissions or misleading statements[5] - The company maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations throughout the reporting period[192] Environmental Responsibility - China Communications Technology Co., Ltd. is classified as a "low pollution emission" enterprise with a general environmental protection rating[198] - In the first half of 2022, the company reported a COD discharge of 1.04 tons and ammonia nitrogen discharge of 0.24 tons, with hazardous waste treatment amounting to 72.57 tons[198] - The company has implemented effective pollution control measures, including the installation of electronic smoke purification systems and activated carbon purification systems[200] - The company has established a monitoring system for pollutant emissions, including online monitoring systems for key pollutants, enabling 24-hour monitoring and early warning[200] - No administrative penalties were imposed on the company during the reporting period due to environmental issues[200]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 6,941,051,579.25, representing a year-on-year increase of 5.62%[4] - Net profit attributable to shareholders for the same period was CNY 648,016,868.11, reflecting a growth of 10.54% compared to the previous year[4] - The company's basic and diluted earnings per share for the quarter were both CNY 0.06, unchanged from the previous year[4] - Total revenue for the first quarter of 2022 was RMB 694,105.16 million, an increase of 5.62% compared to RMB 657,174.06 million in the same period last year[11] - Operating profit for Q1 2022 was ¥882,442,027.90, up 11.1% from ¥793,829,060.15 in Q1 2021[19] - Net profit for Q1 2022 was ¥738,954,833.47, representing a 11.1% increase from ¥665,058,353.81 in Q1 2021[19] - Earnings per share remained stable at ¥0.06 for both Q1 2022 and Q1 2021[20] - The total comprehensive income for Q1 2022 was approximately ¥47.37 million, a decrease of 64.4% from ¥132.86 million in Q1 2021[28] Cash Flow - The net cash flow from operating activities was negative at CNY -1,014,920,672.61, indicating a significant cash outflow[4] - Cash flow from operating activities for Q1 2022 showed a net outflow of ¥1,014,920,672.61, an improvement from a net outflow of ¥1,276,606,868.03 in Q1 2021[23] - The company's cash and cash equivalents decreased to RMB 21,746,403,908.44 from RMB 22,982,585,272.39 at the end of 2021[13] - The company's cash and cash equivalents decreased to CNY 14,803,431,403.89 by the end of Q1 2022, compared to CNY 16,228,374,979.43 at the end of Q1 2021[23] - Cash flow from financing activities in Q1 2022 resulted in a net outflow of approximately ¥1.66 billion, compared to a net outflow of ¥46.90 million in Q1 2021[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 108,938,964,150.16, showing a slight decrease of 0.00% compared to the end of the previous year[5] - The total assets as of March 31, 2022, were RMB 108,938,964,150.16, slightly down from RMB 108,942,588,838.30 at the end of 2021[14] - The total liabilities as of March 31, 2022, were RMB 62,830,792,875.50, down from RMB 63,571,212,916.84 at the end of 2021[15] - The total liabilities as of March 31, 2022, were CNY 15,772,331,798.35, a decrease from CNY 17,601,397,574.52 as of December 31, 2021[25] - The company's total equity increased slightly to CNY 33,376,485,955.78 as of March 31, 2022, from CNY 33,349,227,055.90 at the end of 2021[26] Research and Development - Research and development expenses totaled CNY 347,755,422.20, accounting for 5.01% of operating revenue, a decrease of 0.26 percentage points year-on-year[4] - Research and development expenses for Q1 2022 were ¥288,255,422.20, a decrease from ¥309,849,764.82 in Q1 2021[18] - Research and development expenses in Q1 2022 were CNY 30,844,169.06, a significant increase from CNY 58,237.89 in Q1 2021[27] Contracts and Business Operations - New contracts signed in the first quarter totaled RMB 10.09 billion, representing a growth of 33.01% year-on-year[11] - The railway sector saw new contracts amounting to RMB 2.392 billion, a decrease of 11.77% compared to the previous year[11] - The overseas business new contracts were RMB 0.03 billion, a significant decrease of 97.12% year-on-year[11] Investment Activities - The company reported a substantial increase in investment income by 657.50% due to higher returns from joint ventures[7] - The net cash flow from investment activities in Q1 2022 was -CNY 1,961,575,678.16, significantly higher than -CNY 837,417,187.91 in Q1 2021[23] - The company reported a net loss from investment activities of CNY 16,058,190.78 in Q1 2022, compared to a gain of CNY 11,199,203.41 in Q1 2021[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 96,240, with the largest shareholder holding 62.37% of the shares[8] - Shareholders' equity attributable to the parent company increased to ¥44,200,510,141.47 from ¥43,554,652,753.64 at the end of 2021[16]