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中国能源建设(03996) - 2023 - 年度财报
2024-04-11 11:01
投資運營 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|----------------|-------|-------|-------|-------|-------|----------|-------|-------|-------|-------|---------------------------------|-------|--------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 工程建設 | | | | | 工業製造 創新\|綠色\|數智\|融合 | | | | | | | | | | | | | | | | | | | | | | | | | 勘測設計及諮詢 | | | | | | ...
中国能源建设(03996) - 2023 - 年度业绩
2024-03-28 13:40
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。 中國能源建設股份有限公司 CHINA ENERGY ENGINEERING 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:3996) 截至2023年12月31日止年度之全年業績公告 中國能源建設股份有限公司(「本公司」)董事會(「董事會」)謹此宣佈本公司及其附屬公司 截至2023年12月31日止年度之經審核年度業績(「年度業績」)。本公告刊載本公司二零二 三年度報告全文,並符合《香港聯合交易所有限公司證券上市規則》有關年度業績初步公 告的要求。年度業績乃根據中國企業會計準則編製,並經天健會計師事務所(特殊普通 合夥)審核。董事會及董事會審計委員會已審閱及確認年度業績。 本公司二零二三年度報告的印刷版本將適時寄發予本公司股東,並可在香港聯合交易所 有限公司網站(www.hkexnews.hk)及本公司網站(www.ceec.net.cn)閱覽。 | -- ...
中国能源建设(03996) - 2023 Q3 - 季度业绩
2023-10-27 14:05
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。 CHINA ENERGY ENGINEERING 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:3996) 2023年第三季度報告 本公告乃由中國能源建設股份有限公司(「本公司」)根據香港聯合交易所有限公司證券上 市規則第13.09條及香港法例第571章《證券及期貨條例》第XIVA部項下內幕消息條文作 出。本季度報告與上海證券交易所公告內容一致。 本公司及其附屬公司依照中國證券監督管理委員會及上海證券交易所的有關規定編製本 季度報告。 本季度報告載列之全部財務資料均未經審計並按照中國企業會計準則編製。 承董事會命 中國能源建設股份有限公司 董事長 宋海良 中國,北京 2023年10月27日 於本公告日期,本公司執行董事為宋海良先生及馬明偉先生;非執行董事為李樹雷先 生、劉學詩先生及司欣波先生;及獨立非執行董事為趙立新先生、程念高先生及魏偉峰 博士。 * ...
中国能源建设(03996) - 2023 - 中期财报
2023-09-15 08:30
Financial Performance - The company reported a total revenue of RMB 50 billion for the first half of 2023, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders reached RMB 5 billion, up 20% compared to the same period last year[17]. - The company's operating revenue for the first half of 2023 reached CNY 192,119,638, representing a 21.37% increase compared to the same period last year[27]. - Net profit attributable to shareholders of the listed company was CNY 2,657,547, showing a decrease of 5.34% year-on-year[27]. - The net profit after deducting non-recurring gains and losses increased by 32.97% to CNY 2,348,254 compared to the previous year[27]. - The total assets of the company have increased to RMB 200 billion, reflecting a growth of 8% year-on-year[17]. - The total assets of the company at the end of the reporting period were CNY 736,046,536, reflecting a 10.76% increase from the end of the previous year[27]. - The net assets attributable to shareholders of the listed company increased by 3.03% to CNY 104,949,751[27]. - Basic earnings per share for the first half of 2023 were CNY 0.060, a decrease of 4.76% compared to the same period last year[28]. - The weighted average return on net assets decreased by 0.42 percentage points to 2.63%[28]. - The company achieved operating revenue of RMB 192.12 billion in the first half of 2023, representing a year-on-year increase of 21.37%[72]. - Operating costs increased to RMB 171.12 billion, up 20.25% year-on-year, primarily due to the corresponding rise in revenue[72]. Strategic Focus and Development - The company is focused on the "1466" strategy, aiming for industry leadership and high-quality development[12]. - The report indicates that the company is committed to new energy, new infrastructure, and new industries as part of its strategic focus[12]. - The company plans to pursue strategic acquisitions to enhance its capabilities in smart grid technology[17]. - The company is actively involved in the hydrogen energy sector, with a planned government allocation of RMB 340 million to support hydrogen technology projects[37]. - The company is actively developing clean energy projects in multiple regions, including Vietnam and Pakistan, to align with carbon neutrality goals[51]. - The company is focusing on integrating energy, transportation, digital, water, ecological, industrial, and cultural networks to enhance its core competitiveness in infrastructure[46]. - The company is advancing its green transformation in the engineering construction sector, emphasizing integrated project management capabilities[47]. Investment and R&D - The company is investing RMB 2 billion in R&D for new energy technologies, focusing on solar and wind energy solutions[17]. - Research and development expenses amounted to RMB 4.166 billion, representing a year-on-year increase of 41.59%, with 972 patents granted[67]. - The company completed a strategic restructuring of its civil explosives business, focusing on the "Made in China 2025" strategy, resulting in a revenue increase of 28.20% in the industrial manufacturing segment[76]. Market Expansion - Future outlook indicates a projected revenue growth of 12% for the second half of 2023, driven by new project acquisitions[17]. - Market expansion efforts include entering three new international markets, aiming for a 5% increase in overseas revenue[17]. - The company has established a partnership with local governments to develop infrastructure projects under the PPP model[17]. - The company secured renewable energy development indicators totaling 10.28 million kilowatts, with cumulative indicators reaching 40.51 million kilowatts[63]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, ensuring that all major pollutants meet the required emission standards, with no environmental responsibility incidents reported in the first half of 2023[114]. - The company has achieved a 100% operational rate for pollution control facilities across its subsidiaries, including advanced technologies for reducing carbon emissions[116]. - The integrated energy base in Guangxi has an annual power generation capacity of 140 million kWh, saving approximately 40,000 tons of standard coal and reducing CO2 emissions by about 110,000 tons annually[124]. - The cumulative power generation of the Wudongde Hydropower Station has reached 89 billion kWh, equivalent to saving 26.83 million tons of standard coal and reducing CO2 emissions by 73.69 million tons[125]. - The company has invested over RMB 300 million in consumption assistance and more than RMB 300 million in industrial assistance to support rural revitalization efforts[127]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating that these do not constitute a commitment to investors[6]. - The company faces investment risks due to expanding investment scope and potential market downturns in real estate, with strategies to strengthen project review and post-investment supervision[96]. - The company is addressing international operational risks by enhancing overseas market expansion and improving risk management systems[97]. - The company emphasizes strict project management to mitigate risks associated with subcontractor selection and project execution[100]. Corporate Governance - The company has engaged multiple financial and legal advisors for ongoing supervision and compliance, ensuring adherence to regulatory requirements[25][26]. - The company has complied with all applicable provisions of the Corporate Governance Code during the reporting period, holding 5 board meetings and 2 shareholder meetings[164][166]. - The company has a commitment to not engage in any form of competition with its subsidiaries, ensuring no direct or indirect competition arises[131]. - The company has established a framework for managing share reductions to ensure compliance with regulatory requirements[132]. Shareholder Information - The total number of ordinary shareholders reached 427,949 by the end of the reporting period[174]. - China Energy Engineering Group Co., Ltd. holds 18,686,568,022 shares, accounting for 44.82% of the total shares[178]. - The major shareholder, China Energy Construction Group, holds 18,107,684,022 A shares, representing 43.43% of the total issued share capital[181]. Debt and Financing - The company completed external investments totaling RMB 39.3 billion during the reporting period, with RMB 10.8 billion allocated to new energy and integrated smart energy businesses[89]. - The company has a debt risk due to increased financing needs from business transformation, with plans to enhance capital management and asset utilization[99]. - The company reported a stable gross margin of 15.12% in its other business segment, despite a decline in revenue[29]. - The company has issued bonds with specific features such as investor put options and issuer call options[190].
中国能源建设(03996) - 2023 - 中期业绩
2023-08-30 22:09
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。 中國能源建設股份有限公司 CHINA ENERGY ENGINEERING 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:3996) 截至2023年6月30日止六個月之中期業績公告 中國能源建設股份有限公司(「本公司」)董事會(「董事會」)謹此宣佈本公司及其附屬公司 截至2023年6月30日止六個月之未經審核的半年度業績(「半年度業績」)。本公告刊載本公 司二零二三年半年度報告全文,並符合《香港聯合交易所有限公司證券上市規則》有關中 期業績初步公告的要求。半年度業績乃根據中國企業會計準則編製,並經天健會計師事 務所(特殊普通合夥)審閱。董事會及董事會審計委員會已審閱及確認半年度業績。 本公司二零二三年半年度報告的印刷版本將適時寄發予本公司股東,並可在香港聯合交 易所有限公司披露易網站(www.hkexnews.hk)及本公司網站(www.ceec.ne ...
中国能源建设(03996) - 2023 Q1 - 季度业绩
2023-04-27 13:53
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。 CHINA ENERGY ENGINEERING 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:3996) 2023年第一季度報告 本公告乃由中國能源建設股份有限公司(「本公司」)根據香港聯合交易所有限公司證券上 市規則第13.09條及香港法例第571章《證券及期貨條例》第XIVA部項下內幕消息條文作 出。本季度報告與上海證券交易所公告內容一致。 本公司及其附屬公司依照中國證券監督管理委員會及上海證券交易所的有關規定編製本 季度報告。 本季度報告載列之全部財務資料均未經審計並按照中國企業會計準則編製。 承董事會命 中國能源建設股份有限公司 董事長 宋海良 中國,北京 2023年4月27日 ...
中国能源建设(03996) - 2022 - 年度财报
2023-04-06 11:43
Financial Performance - In 2022, the company's operating revenue reached CNY 366.39 billion, an increase of 13.67% compared to CNY 322.32 billion in 2021[29]. - The net profit attributable to shareholders was CNY 7.81 billion, representing a growth of 20.07% from CNY 6.50 billion in the previous year[29]. - The total assets at the end of 2022 amounted to CNY 664.35 billion, up 25.62% from CNY 528.86 billion at the end of 2021[29]. - The basic earnings per share for 2022 was CNY 0.18, a decrease of 5.26% from CNY 0.19 in 2021[30]. - The weighted average return on equity was 8.46% in 2022, slightly down from 8.55% in 2021[30]. - The company reported a net profit of CNY 3.63 billion in Q4 2022, with a significant increase in revenue during this quarter[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5.71 billion, up 12.52% from CNY 5.07 billion in 2021[29]. - The total profit for the year reached RMB 13.68 billion, reflecting a year-on-year growth of 4.8%[96]. - The net profit for 2022 was RMB 10.41 billion, which is an increase of 8.4% year-on-year[96]. - The company reported a significant increase in revenue from other businesses, which reached RMB 8.25 billion, a year-on-year growth of 29.82%[105]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.252 per 10 shares, totaling RMB 1.051 billion, subject to shareholder approval[3]. - The total share capital of the company is 41,691,163,636 shares, which serves as the basis for the dividend distribution[3]. Audit and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm for the fiscal year ending December 31, 2022[2]. - The report confirms that all board members are able to guarantee the accuracy and completeness of the annual report[5]. - The company has not faced any objections regarding its accounting policies and practices from the audit committee[6]. - The company has not violated any regulatory decision-making procedures in providing guarantees[5]. Innovation and Technology - As of the end of 2022, the company held 11,372 valid patents and received 48 national science and technology progress awards, showcasing its innovation capabilities[17]. - The company achieved significant breakthroughs in technology research and development, including the world's highest voltage level 535kV hybrid DC circuit breaker and two major equipment projects listed as national first sets[54]. - The company has established a comprehensive innovation platform with new research institutes focusing on air compression, smart transportation, and advanced materials[92]. - Research and development expenses increased by 18.80% to RMB 10.44 billion, supporting the company's technological advancements[97]. Market Expansion and Contracts - The company achieved a new contract signing amount of over 1 trillion RMB, marking a year-on-year growth of 20.2%[42]. - The company signed new contracts in the renewable energy sector, with a year-on-year growth of 82.2%[43]. - The company signed new contracts worth RMB 809.3 billion in the domestic market, a year-on-year increase of 23.5%[51]. - The overseas new contract signing amount reached RMB 239.79 billion, with a year-on-year growth rate among the leading central enterprises[51]. - The new energy engineering contract signing amount was RMB 355.01 billion, a significant year-on-year increase of 83.9%[52]. Strategic Goals and Development - The company aims to create a high-quality development platform focusing on new energy, new infrastructure, and new industries, aligning with national strategic goals[19]. - The company has a strategic vision of being industry-leading and world-class, aiming to push forward energy revolution and high-quality development[19]. - The company plans to enhance its focus on new energy as the primary growth engine and profit contributor in 2023[45]. - The company aims to deepen the integration of "new infrastructure" and accelerate breakthroughs in the "seven networks" integration[45]. - The company plans to sign new contracts worth RMB 1.15 trillion and aims for operating revenue of RMB 378 billion in 2023, with an investment plan of RMB 134.2 billion[163]. Governance and Management - The company has established a robust internal governance structure to ensure compliance with relevant laws and regulations, enhancing operational efficiency[173]. - The company has independent operational management institutions and a complete governance structure, ensuring that it operates independently from its controlling shareholders[192]. - The company has a diverse board policy aimed at sustainable development, considering factors such as gender, age, and professional experience in board member selection[181]. - The management team includes a general manager and several deputy general managers, responsible for implementing board decisions and reporting on operational performance[180]. Environmental and Social Responsibility - The company is committed to integrating into the green low-carbon economy and digital economy, aiming for high-quality and efficient development in energy, construction materials, and related infrastructure[170]. - The company is actively pursuing a dual-carbon strategy, leading to rapid growth in its new energy contracting business[99]. - The company has strengthened its safety production system, ensuring effective operation and compliance with safety regulations[137]. - The company achieved a zero-accident target in quality management for the year, winning 21 national quality engineering awards[136]. Financial Management - The company’s cash flow from operating activities was RMB 79.34 billion, a decrease of 10.29% compared to the previous year[115]. - The net cash flow from investing activities was -RMB 49.03 billion, an increase in outflow of 162.83% year-on-year, attributed to increased external investments and asset acquisitions[116]. - The company’s total capital expenditure in 2022 was RMB 23.46 billion, up from RMB 19.67 billion in 2021, with significant investments in construction projects[117]. - The company plans to enhance capital management and optimize financing arrangements to address increased debt levels and project costs due to rising commodity prices[167].
中国能源建设(03996) - 2022 - 年度业绩
2023-03-30 14:34
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。 中國能源建設股份有限公司 CHINA ENERGY ENGINEERING 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:3996) 截至2022年12月31日止年度之全年業績公告 中國能源建設股份有限公司(「本公司」)董事會(「董事會」)謹此宣佈本公司及其附屬公司 截至2022年12月31日止年度之經審核年度業績(「年度業績」)。本公告刊載本公司二零二 二年度報告全文,並符合《香港聯合交易所有限公司證券上市規則》有關年度業績初步公 告的要求。年度業績乃根據中國企業會計準則編製,並經天健會計師事務所(特殊普通 合夥)審核。董事會及董事會審計委員會已審閱及確認年度業績。 本公司二零二二年度報告的印刷版本將適時寄發予本公司股東,並可在香港聯合交易所 有限公司網站(www.hkexnews.hk)及本公司網站(www.ceec.net.cn)閱覽。 | -- ...
中国能源建设(03996) - 2022 Q3 - 季度财报
2022-10-28 14:01
Financial Performance - Operating revenue for Q3 2022 increased by 22.71% year-on-year, reaching RMB 241,782,384,000[5] - Net profit attributable to shareholders of the listed company rose by 37.48% year-on-year to RMB 4,177,832,000[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 25.00% year-on-year, totaling RMB 2,827,785,000[5] - Basic earnings per share for the quarter was RMB 0.03, compared to RMB 0.00 in the same period last year[6] - Total operating revenue for the first three quarters of 2022 reached RMB 241,782,384 thousand, an increase from RMB 209,587,362 thousand in the same period of 2021, representing a growth of approximately 15.3%[23] - The net profit attributable to the parent company for the same period was RMB 4.178 billion, reflecting a year-on-year growth of 24.32%[12] - Net profit for the first three quarters of 2022 was RMB 6,229,555 thousand, slightly down from RMB 6,478,277 thousand in the same period of 2021, showing a decrease of about 3.8%[24] - The total comprehensive income for the first three quarters of 2022 was RMB 7,463,833 thousand, up from RMB 6,539,988 thousand in the previous year, representing an increase of about 14.1%[25] Assets and Liabilities - Total assets as of the end of the reporting period amounted to RMB 647,646,811,000, reflecting a 22.46% increase from the previous year[6] - Total assets reached RMB 647.65 billion, compared to RMB 528.86 billion at the end of 2021, marking a growth of approximately 22.5%[22] - Total current assets amounted to RMB 398.85 billion, an increase from RMB 309.94 billion as of December 31, 2021, representing a growth of approximately 28.7%[19] - Total liabilities increased to RMB 486.00 billion from RMB 379.13 billion, representing a rise of about 28.2%[21] - The company's equity attributable to shareholders rose to RMB 98.83 billion from RMB 94.20 billion, an increase of approximately 4.0%[22] - The company's long-term borrowings increased to RMB 112.03 billion from RMB 84.62 billion, reflecting a growth of approximately 32.4%[57] Cash Flow - The company reported a net cash flow from operating activities of -RMB 18,553,769,000 for the year-to-date[6] - The net cash inflow from operating activities was -18,553,769, compared to -8,664,871 in the previous year, indicating a decline in operational cash flow[26] - The net cash outflow from investing activities was -20,364,810, an increase from -15,127,639 year-over-year, reflecting higher investment expenditures[27] - The net cash inflow from financing activities was 43,487,292, significantly up from 8,217,737 in the previous year, showing improved financing capabilities[27] Contracts and Projects - The company signed new contracts worth RMB 694.642 billion, up 17.26% year-on-year, with domestic contracts at RMB 494.568 billion (16.26% increase) and overseas contracts at RMB 200.074 billion (19.8% increase)[13] - The new energy and integrated smart energy engineering construction contracts amounted to RMB 266.888 billion, a significant increase of 108.32%, accounting for 38.42% of total new contracts[14] - The company secured wind and solar energy development indicators totaling 12.78 million kilowatts, with energy storage development indicators of 10.21 million kilowatts[14] - The company has initiated major industrial demonstration projects in compressed air energy storage and high-altitude wind power generation, including the world's largest 300MW compressed air energy storage project[15] Research and Development - Research and development expenses rose to RMB 5,010,546 thousand in the first three quarters of 2022, compared to RMB 3,792,918 thousand in the same period of 2021, reflecting a growth of approximately 32.2%[23] - The company is actively pursuing technology innovation, having completed 14 key technology research projects in areas such as offshore wind power and IoT applications in the new energy sector[15] - Research and development expenses for the first three quarters of 2022 were 3,102 million, down from 8,975 million in the same period of 2021, representing a decrease of about 65.5%[31] Strategic Initiatives - The company is focusing on expanding its new energy and infrastructure projects as part of its "30•60" strategic goals[17] - The company is implementing a "1466" strategy aimed at maintaining stable growth and strengthening scientific management[12] - The company signed strategic cooperation agreements with six financial institutions, successfully issuing its first REITs and sustainable low-carbon transition bonds[16] - The company is enhancing its project management and financial capabilities, with a focus on improving revenue and operational efficiency[16] - The company is planning a private placement of A-shares to raise up to RMB 15 billion for new energy projects, including photovoltaic, wind power, hydrogen energy, and energy storage[17] - The feasibility of the private placement and the use of raised funds are still under evaluation, indicating potential uncertainties[17]
中国能源建设(03996) - 2022 - 中期财报
2022-09-14 09:57
Financial Performance - China Energy Engineering Corporation reported a significant increase in revenue, reaching approximately 100 billion RMB, representing a year-on-year growth of 15%[16]. - Operating revenue for the first half of the year reached RMB 158,286,934 thousand, an increase of 11.83% compared to the same period last year[24]. - Net profit attributable to shareholders was RMB 2,793,554 thousand, reflecting an 18.69% increase year-on-year[24]. - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 7.13% to RMB 1,752,087 thousand[24]. - The total assets at the end of the reporting period amounted to RMB 588,509,043 thousand, up 11.28% from the end of the previous year[24]. - Basic earnings per share decreased by 17.11% to RMB 0.063 compared to the same period last year[25]. - The weighted average return on net assets was 3.03%, down 0.73 percentage points year-on-year[25]. - The company achieved a new contract amount of RMB 532.76 billion, representing a year-on-year growth of 10.24%[55]. - The company's operating revenue reached RMB 158.29 billion, an increase of 11.83% year-on-year[55]. Investments and Projects - The company has successfully completed over 50 new projects in the first half of the year, contributing to a 20% increase in operational capacity compared to the previous year[23]. - The company reported a significant increase in investment in water conservancy projects, with a total investment of RMB 7,480 billion, up 49.5% year-on-year[37]. - The company plans to invest in infrastructure projects through integrated business models such as BOT, BOOT, and PPP, enhancing its project management capabilities[44]. - The company signed new contracts worth RMB 95.69 billion in surveying, design, and consulting services, representing a year-on-year increase of 58.37%[43]. - The company is expanding its market presence in Southeast Asia, with plans to invest 5 billion RMB in new infrastructure projects over the next three years[23]. Risk Management - The company has detailed the risks it faces in the "Management Discussion and Analysis" section of the report[8]. - The report includes a risk statement regarding forward-looking statements and future plans[6]. - The company has established a risk management strategy to address cash flow risks and ensure timely debt repayment[98]. - The company aims to enhance investment management and risk identification to mitigate investment risks, particularly in project management and macroeconomic changes[96][99]. - The company has identified risks related to international operations, including instability in international security and prolonged pandemic effects[97]. Environmental and Social Responsibility - The company’s environmental protection measures have been effective, with no significant violations reported in the first half of 2022[113]. - The company has installed automatic monitoring systems for key pollutants, ensuring real-time data transmission to environmental authorities[114]. - The company has achieved a 100% operational rate for pollution control facilities across its key pollutant discharge enterprises, ensuring compliance with pollutant discharge standards[117]. - The company has organized various community support initiatives, achieving over RMB 5 million in consumer assistance through online sales of local agricultural products[127]. - The company has focused on reducing carbon emissions by procuring low-energy consumption equipment and implementing energy-saving technologies[126]. Corporate Governance - The company confirmed compliance with the corporate governance code throughout the reporting period[161]. - The board of directors held five meetings during the reporting period, reviewing 27 proposals and submitting 11 for shareholder approval[161]. - The company has established a governance structure to ensure independent financial decision-making and compliance with tax obligations[135]. - The company has made commitments to avoid conflicts of interest and ensure fair pricing in related transactions[135]. - The company has established a framework for timely and strict adherence to its commitments, with specific timelines and conditions outlined for compliance[130]. Shareholder Information - The total number of ordinary shareholders reached 532,926 by the end of the reporting period[162]. - China Energy Construction Group Co., Ltd. holds 18,686,568,022 shares, accounting for 44.82% of total shares, with 18,107,684,022 A-shares and 578,884,000 H-shares[169]. - The company has a diverse shareholder base, with significant holdings from both domestic and foreign investors[171]. - The company has no changes in the shareholding of directors, supervisors, and senior management during the reporting period, maintaining their holdings in both A-shares and H-shares[175]. - The company has confirmed that there is no risk of termination of trading for its shares on the Shanghai Stock Exchange[180]. Debt and Financing - The company reported a total external guarantee balance of RMB 4.732 billion as of the reporting period, excluding mortgage guarantees provided for homebuyers[158]. - The company provided mortgage guarantees totaling RMB 4.636 billion for homebuyers, with no defaults reported during the period, indicating low associated risks[158]. - The company’s main debt situation remains normal, with no overdue guarantees reported[156]. - The company has not incurred any guarantee fees, as the management fees are deducted during the investment operation process according to specific agreements[151]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%, indicating full compliance with debt obligations[198].