| 证券代码：600170 | 证券简称：上海建工 | 公告编号：临 | 2023-015 | | --- | --- | --- | --- | | 债券代码：136955 | 债券简称：18 沪建 Y3 | | | 上海建工集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要提示： http://roadshow.sseinfo.com/） 上海建工集团股份有限公司（以下简称"公司"）将于 2023 年 4 月 18 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况，公司计划于 2023 年 4 月 20 日上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 独立董事：梁卫彬 总会计师：尹克定 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥85.59 billion, representing a 16.69% increase year-over-year[4]. - The net profit attributable to shareholders was ¥1.14 billion, a decrease of 28.27% compared to the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1.26 billion, showing a significant increase of 63.83% year-over-year[4]. - The basic earnings per share for Q3 2022 was ¥0.10, down 41.18% from the same period last year[5]. - The company's equity attributable to shareholders was ¥39.20 billion, down 4.31% year-over-year[5]. - The company reported a net profit margin of approximately 0.92% for the first three quarters of 2022, down from 1.02% in the same period of 2021[16]. - Net profit for Q3 2022 was 555,707,049.34, a significant decrease from 3,091,541,637.06 in Q3 2021, representing a decline of approximately 82.0%[17]. - Operating profit for Q3 2022 was 1,042,899,852.87, down from 3,854,108,010.94 in Q3 2021, indicating a decrease of about 72.9%[17]. - The company's net profit for Q3 2022 was CNY 1,349,925,342.64, a decrease from CNY 2,521,363,059.42 in Q3 2021, representing a decline of approximately 46.4%[26]. - The total comprehensive income for Q3 2022 was 394,793,160.44, a sharp decrease from 3,087,506,855.33 in Q3 2021[18]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥22.56 billion, a decrease of 91.52% compared to the previous year[5]. - The company experienced a 30.92% decrease in cash and cash equivalents due to poor collection of receivables impacted by the pandemic[8]. - The net cash flow from financing activities decreased by 180.31%, mainly due to a reduction in cash received from minority shareholders' investments[8]. - Cash flow from operating activities for Q3 2022 showed a net outflow of -22,560,392,070.38, worsening from -11,779,732,312.27 in Q3 2021[20]. - The net cash flow from financing activities was negative at CNY -1,501,236,495.17, contrasting with a positive cash flow of CNY 1,869,337,925.71 in the previous year[21]. - The company experienced a net cash outflow of CNY 4,926,603,024.04 in Q3 2022, compared to a net outflow of CNY 1,004,269,917.22 in Q3 2021, indicating a worsening liquidity position[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥336.58 billion, a decrease of 4.86% from the previous year[5]. - Current assets as of September 30, 2022, totaled CNY 251.33 billion, a decrease of 8.8% from CNY 275.61 billion at the end of 2021[14]. - Total liabilities decreased to CNY 286.32 billion from CNY 302.20 billion, a reduction of 5.2%[15]. - The total assets decreased to CNY 92,297,781,237.72 from CNY 94,904,383,917.78, reflecting a decline of approximately 2.8%[24]. - The total liabilities amounted to CNY 61,361,710,023.60, a decrease from CNY 63,677,108,914.98, representing a reduction of approximately 3.5%[24]. Contracts and Business Development - The total number of new contracts signed in the first three quarters reached CNY 255.22 billion, which is 83% of the same period last year[11]. - The construction output value completed was CNY 193.3 billion, achieving 88% of the same period last year[11]. - New contracts in emerging businesses totaled CNY 58.2 billion, accounting for 23% of the total new contracts signed[11]. - New contracts in the urban renewal sector reached CNY 16.4 billion, recovering to last year's level[11]. - New contracts in the water conservancy sector amounted to CNY 10.7 billion, a year-on-year increase of 20%[11]. - New contracts in the new infrastructure sector grew by 67.5% year-on-year, totaling CNY 7.2 billion[11]. Research and Development - Research and development expenses for Q3 2022 were 5,249,215,239.92, down from 6,218,784,407.06 in Q3 2021, a reduction of about 15.6%[17]. - The company's R&D expenses for the first three quarters were CNY 189,243,137.58, down from CNY 305,104,985.30, showing a decrease of about 38.1%[25]. Investment Activities - Investment income for Q3 2022 was 188,646,299.40, down from 476,672,461.78 in Q3 2021, representing a decline of approximately 60.5%[17]. - The total cash inflow from investment activities for Q3 2022 was 4,628,442,194.09, compared to 3,459,145,324.61 in Q3 2021, showing an increase of about 33.9%[20]. - The total cash inflow from investment activities in Q3 2022 was CNY 2,891,124,612.55, significantly lower than CNY 8,107,328,646.39 in Q3 2021, indicating a decline of approximately 64.3%[27]. - The investment income for the first three quarters was CNY 1,606,718,024.12, compared to CNY 1,957,105,818.03 in the previous year, reflecting a decline of approximately 17.9%[25].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥99.19 billion, a decrease of 26.64% compared to ¥135.21 billion in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥963.18 million, a decline of 170.10% from a profit of ¥1.37 billion in the previous year[17]. - The net cash flow from operating activities was -¥20.68 billion, slightly worse than -¥20.05 billion in the same period last year, reflecting a decrease of 3.15%[17]. - The total assets at the end of the reporting period were ¥330.34 billion, down 6.62% from ¥353.77 billion at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 5.90% to ¥38.55 billion from ¥40.96 billion at the end of the previous year[17]. - Basic earnings per share for the first half of 2022 were -¥0.12, compared to ¥0.12 in the same period last year, representing a 200% decrease[18]. - The weighted average return on net assets was -3.76%, a decrease of 7.63 percentage points from 3.87% in the previous year[18]. - The company reported a net profit excluding non-recurring gains and losses of -¥601.96 million, compared to a profit of ¥1.37 billion in the same period last year, a decline of 143.97%[17]. Business Operations - Shanghai Construction Group ranks 8th among the world's top 250 contractors and 321st in the Fortune Global 500[22]. - The company has expanded its core business structure to include six emerging markets, covering the entire construction lifecycle[22]. - Shanghai Construction Group operates in 150 cities across 34 provincial-level administrative regions in China and has projects in 42 countries[23]. - The company has received numerous awards, including "Outstanding Enterprise in Foreign Contract Engineering" and "Best Execution Enterprise for Foreign Loan Projects"[23]. - The construction segment includes various projects such as high-rise buildings, infrastructure, and specialized engineering, with 123 "Luban Awards" and 61 "Zhan Tianyou Awards" received[24]. - The company has completed significant projects like the Shanghai Tower (632 meters) and Guangzhou Tower (600 meters)[24]. - Shanghai Construction Group has integrated design, manufacturing, and construction for prefabricated and green buildings, achieving 14 municipal science and technology progress awards since 2000[28]. - The company has developed over 30,000 engineering survey and design consulting projects, showcasing its extensive expertise[27]. Market Expansion and Strategy - The company has established a comprehensive strategy for national market expansion, enhancing its market share in Shanghai while deepening its regional presence[23]. - The real estate development segment has expanded its operations to key cities including Tianjin, Haikou, Nanjing, Suzhou, Nanchang, and Xuzhou, enhancing its market presence[35]. - The company’s real estate development has generated hundreds of billions in new contract amounts for its construction, design consulting, and building materials segments[36]. - The urban construction investment projects have maintained a moderate scale of new contracts, effectively driving the development of other core businesses[37]. - The company plans to expand into new infrastructure areas, including smart cities and new energy facilities, to capture emerging market opportunities[44]. - The company is focusing on expanding its urban renewal business, including historical building renovations and infrastructure upgrades[38]. - The company is actively developing its ecological environment business, targeting areas such as soil remediation and waste treatment[39]. Financial Management and Investments - The company plans to actively seize favorable policies to enhance operational expansion and efficiency, aiming to recover losses caused by the pandemic[71]. - The company reported a total investment of ¥1,332,000.00 in the Binhai Port Industrial Park project, which is partially not started and partially under construction[85]. - The company has a structured investment management system with various investment projects, including a total of 50.10 billion yuan in recognized capital[94]. - The company reported a total fundraising amount of 12.155 billion RMB for the Shanghai Ruiyi Construction No. 1 Special Asset Management Plan[95]. - The company has engaged in strategic partnerships for various investment projects, including the Wenzhou Oujangkou New District municipal engineering PPP project[95]. Risk Management and Compliance - There are no significant risks related to non-operating fund occupation by controlling shareholders or their affiliates[5]. - The company has not faced any penalties or violations related to its directors, supervisors, or senior management, maintaining a strong integrity status[116]. - The company has implemented a comprehensive environmental protection management system, ensuring compliance with regulations and minimizing environmental impact during operations[107]. - The company has identified financial risks due to potential financial strain on upstream property owners, prompting a focus on internal fund management and risk awareness[96]. - The company will implement necessary warning mechanisms and response plans to address the impact of extreme weather events on operations[97]. Future Outlook - Future outlook indicates a projected revenue growth of 10% for the second half of 2022, driven by new project acquisitions and market expansion strategies[170]. - The company plans to enter three new regional markets by the end of 2022, enhancing its geographical footprint and service offerings[170]. - A strategic acquisition of a local construction firm is expected to be finalized by Q4 2022, which will add approximately 300 million CNY in annual revenue[171]. - The company is exploring partnerships with technology firms to integrate smart construction technologies, aiming to enhance project management capabilities[172]. Corporate Governance - The company’s controlling shareholder, Jian Gong Group, committed to not engaging in overseas business that competes with the listed company, ensuring no direct or indirect competition[115]. - Jian Gong Group will not undertake new general contracting business in China, which will be solely managed by the listed company[115]. - The company reported no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[116]. - The company has not disclosed any major related party transactions during the reporting period, suggesting limited related party dealings[117]. Research and Development - The company is investing 200 million CNY in R&D for new construction technologies aimed at improving efficiency and sustainability[171]. - Research and development investments have increased by 25%, totaling 50 million CNY, to support innovation in construction materials[172]. - The company has applied for over 1,600 patents, with more than 800 patents granted, including 57 invention patents[91].

Financial Performance - The company's operating revenue for 2021 reached ¥281.06 billion, a 21.50% increase from ¥231.33 billion in 2020[13]. - Net profit attributable to shareholders was ¥3.77 billion, reflecting a 12.47% increase compared to ¥3.35 billion in 2020[13]. - The net cash flow from operating activities surged to ¥10.37 billion, a significant increase from ¥315.99 million in 2020[13]. - The total assets at the end of 2021 amounted to ¥353.77 billion, marking a 10.09% increase from ¥321.36 billion in 2020[13]. - The basic earnings per share for 2021 was ¥0.36, up 5.88% from ¥0.34 in 2020[14]. - The weighted average return on equity was 11.09%, slightly down from 11.11% in 2020[14]. - The company reported non-recurring gains of ¥1.00 billion, including government subsidies and asset disposal profits[17]. - The company's operating cash flow net amount increased significantly to CNY 10.368 billion, a rise of 3,181.23% year-on-year[45]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately CNY 2.77 billion, an increase of 7.68% compared to 2020[178]. Market Expansion and Strategy - The company is focusing on expanding its market presence in the Yangtze River Delta and other key regions, including South China and Central China[5]. - The company aims to enhance its capabilities in urban renewal, ecological environment, and industrialized construction as part of its six emerging business strategies[5]. - The company emphasizes a "1+7+X" regional market layout to target economically developed cities and key urban areas[5]. - The company is committed to a "three-full" strategy, which includes nationwide development and full industry chain collaboration[5]. - The company aims to enhance its core capabilities and focus on digital transformation and innovation as part of its strategic goals[20]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[54]. - Future guidance indicates a focus on increasing revenue streams through strategic acquisitions and product development initiatives[54]. - The company aims to become an international first-class provider of full lifecycle construction services, focusing on urban renewal and ecological environment projects[93]. Research and Development - The company is actively pursuing new product and technology development to strengthen its competitive position in the market[5]. - The company is advancing its R&D in prefabricated construction and green building technologies, enhancing its competitive edge[24]. - Research and development expenses amounted to CNY 9.893 billion, representing a year-on-year increase of 21.92%[45]. - The company has a robust R&D system with numerous patents, including 70 invention patents and 2 international patents[32]. - The company has obtained 179 national patents, including 57 invention patents, with product performance reaching world-leading levels[84]. Contracts and Projects - The company signed new contracts totaling ¥442.51 billion during the reporting period, achieving its annual target[20]. - The total amount of new contracts signed in 2021 was CNY 4.59593 billion, with significant contributions from construction and design consulting sectors[22]. - The company secured 34 major engineering projects with contracts exceeding CNY 1.5 billion in 2021[21]. - The company has a robust order backlog totaling CNY 459.593 billion, ensuring future revenue stability[22]. - The company completed the construction of 10,409 sets of quarantine housing, covering over 490,000 square meters, in response to the pandemic[25]. Financial Health and Assets - The total liabilities rose to CNY 302.20 billion, compared to CNY 277.46 billion, marking an increase of approximately 8.9%[190]. - Total equity increased to CNY 51.57 billion, up from CNY 43.90 billion, reflecting a growth of approximately 17.5%[190]. - The company's cash and cash equivalents increased to ¥84.15 billion in 2021 from ¥78.47 billion in 2020, representing a growth of approximately 8.5%[187]. - Accounts receivable rose to ¥55.21 billion in 2021, up from ¥44.19 billion in 2020, indicating an increase of about 24.5%[187]. - The company has maintained a loan repayment rate of 100% for both 2021 and 2020[178]. Corporate Governance and Management - The company has a comprehensive internal control system in place, with no significant deficiencies reported during the evaluation period[130]. - The company has conducted a self-assessment of its governance practices, confirming compliance and a solid foundation for high-quality development[132]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to CNY 22.3345 million[111]. - The board of directors held 16 meetings in 2021, discussing key proposals including the termination of a subsidiary's split listing[113]. - The company has seen changes in its executive team, with several senior executives resigning due to age-related reasons[112]. Environmental and Social Responsibility - The company donated over 12.48 million yuan to various organizations for poverty alleviation and social responsibility initiatives in 2021[139]. - The company has developed a complete green low-carbon industrial chain for prefabricated concrete construction, integrating technologies such as BIM, IoT, and big data[137]. - The company has invested in rooftop photovoltaic power stations, generating a total of 35.71 million kWh, equivalent to saving 11,712 tons of standard coal and reducing CO2 emissions by 29,161 tons[137]. Legal Matters - The company is pursuing claims for remaining project payments and overdue interest amounting to 42,059.45 million CNY from Hebei Hou Shi Real Estate Development Co., Ltd.[151]. - A lawsuit was filed for 36,150.19 million CNY against Huai'an Hengyue Real Estate Co., Ltd. for unpaid project fees related to the Xuyi Evergrande Hot Spring Town project[151]. - The company is also facing a lawsuit for property damage claims amounting to 280 million yuan related to a construction dispute[148]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 171,773[160]. - The largest shareholder, Shanghai Construction Group Co., Ltd., held 30.19% of the shares[161]. - The company did not report any changes in its share capital structure during the reporting period[157]. - The company has a cash dividend policy that mandates a minimum cash dividend ratio of 80% if there are no major capital expenditures planned, and 40% if there are[126].

Financial Performance - The company's operating revenue for Q3 2021 was ¥73,344,373,687.73, representing a year-on-year increase of 19.70%[4] - The net profit attributable to shareholders for Q3 2021 was ¥1,585,572,169.13, reflecting a significant increase of 58.59% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was ¥0.17, up by 54.55% year-on-year[5] - The company achieved operating revenue of CNY 208.56 billion in Q3 2021, representing a year-on-year growth of 26.08%[13] - The net profit attributable to shareholders reached CNY 2.96 billion, up 31.95% year-on-year[13] - Net profit for Q3 2021 reached ¥3,091,541,637.06, an increase from ¥2,402,233,256.55 in Q3 2020, representing a growth of approximately 28.8%[22] - The net profit attributable to shareholders of the parent company was ¥2,959,547,002.42, up from ¥2,243,009,477.67, indicating a year-over-year increase of about 32%[22] - Total comprehensive income for Q3 2021 was ¥3,087,506,855.33, compared to ¥2,450,193,470.75 in the same period last year, reflecting a growth of approximately 26%[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥339,692,190,798.28, an increase of 5.71% from the end of the previous year[5] - Total assets as of the end of Q3 2021 were ¥339.69 billion, compared to ¥321.36 billion at the end of Q3 2020, marking an increase of 5.7%[20] - Total liabilities as of the end of Q3 2021 were ¥289.37 billion, up from ¥277.46 billion in the same period of 2020, reflecting a growth of 4.0%[20] - Current assets totaled ¥264.10 billion, an increase from ¥255.86 billion in the previous year, representing a growth of 3.9%[20] - Non-current assets reached ¥75.59 billion, compared to ¥65.50 billion in the same period of 2020, indicating a growth of 15.5%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥11,779,732,312.27, showing a decrease of 35.21% year-on-year[4] - Cash inflow from operating activities for the first three quarters of 2021 was ¥228,351,209,559.09, compared to ¥170,047,077,140.07 in the same period of 2020, representing a growth of about 34.3%[24] - Cash outflow from operating activities totaled ¥240,130,941,871.36, up from ¥188,228,579,544.74, resulting in a net cash flow from operating activities of -¥11,779,732,312.27[24] - Cash inflow from investment activities was ¥3,459,145,324.61, compared to ¥1,493,602,595.16 in the previous year, indicating a significant increase of approximately 131.5%[24] - Cash outflow from financing activities was ¥28,714,383,504.66, compared to ¥19,251,058,581.02, leading to a net cash flow from financing activities of ¥1,869,337,925.71[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 181,441[9] - The top shareholder, Shanghai Construction Group Co., Ltd., holds 2,688,670,545 shares, representing 30.19% of total shares[9] Contracts and Business Segments - The company signed new contracts totaling 309.15 billion RMB during the reporting period, with 59.69% from the Shanghai market[10] - The construction segment reported a contract amount of 775.98 million RMB for Q3 2021, showing a year-on-year increase of 25.78%[11] - The real estate development segment saw a significant increase of 134.05% year-on-year, with a contract amount of 45.72 million RMB for Q3 2021[11] - The design consulting segment maintained stable growth with a contract amount of 63.82 million RMB for Q3 2021, a 5.51% increase year-on-year[11] - The company signed new contracts worth CNY 165.42 billion in urban renewal and CNY 227.46 billion in new infrastructure projects during the reporting period[12] Expenses and Financial Metrics - Sales expenses increased by 35.92% due to the expansion of the company's business scale[8] - Investment income rose by 76.24% as the company received more dividends from non-current financial assets[8] - The company experienced a 50.11% increase in financial expenses due to expanded financing activities and increased interest expenses[8] - Research and development expenses for the first three quarters of 2021 amounted to ¥6.22 billion, an increase from ¥5.35 billion in the same period of 2020, reflecting a growth of 16.2%[21] Strategic Initiatives - The company has actively expanded into six emerging business areas, contributing to the growth in new contracts[10] - The company is actively integrating its environmental sector and establishing "Shanghai Construction Environment Technology" to lead in soil remediation technology[16] - The total installed capacity of distributed photovoltaic power stations operated by the company reached 8.81 MW, contributing to its clean energy initiatives[16] - The company is expanding its photovoltaic technology applications in the construction sector to reduce energy consumption and carbon emissions[16] - Major projects such as the Shanghai Semiconductor Industry Park and the Starship Industrial Fenhu Super Factory are progressing as planned[15] Accounting Policies - The company adopted the new leasing standards effective January 1, 2021, impacting accounting policies[29]

Financial Performance - The company's operating revenue for 2019 was CNY 205.50 billion, an increase of 20.49% compared to CNY 170.55 billion in 2018[15]. - The net profit attributable to shareholders for 2019 was CNY 3.93 billion, representing a growth of 41.38% from CNY 2.78 billion in 2018[15]. - The net cash flow from operating activities reached CNY 4.55 billion, a significant increase of 89.87% compared to CNY 2.40 billion in the previous year[15]. - The total assets of the company at the end of 2019 were CNY 257.28 billion, up 19.16% from CNY 215.92 billion at the end of 2018[15]. - The company's net assets attributable to shareholders increased to CNY 33.05 billion, reflecting a growth of 6.36% from CNY 31.08 billion in 2018[15]. - Basic earnings per share for 2019 were CNY 0.41, an increase of 41.38% compared to CNY 0.29 in 2018[16]. - The weighted average return on net assets was 14.23%, an increase of 3.52 percentage points from 10.71% in 2018[16]. - The company achieved a total operating revenue of CNY 205.50 billion, representing a year-on-year growth of 20.49%[29]. - The net profit attributable to shareholders reached CNY 3.93 billion, an increase of 41.38% compared to the previous year[29]. - The total assets of the company amounted to CNY 257.28 billion, with shareholders' equity at CNY 33.05 billion and a net asset value per share of CNY 2.97[29]. Market Position and Strategy - The company emphasizes a "1+5+X" regional market layout strategy focusing on economic development areas and key cities[8]. - The company aims to enhance its market position by expanding its construction and real estate development businesses, focusing on both domestic and international markets[22]. - The company ranked 9th in the ENR "Top 250 Global Contractors" list in 2019, marking the highest ranking for a provincial-level construction enterprise in China[22]. - The company has established a "1+5+X" regional market layout, with over 50% of major projects in Shanghai being undertaken by the company[23]. - The company has signed new contracts in overseas markets, covering dozens of countries across Asia, Africa, Latin America, and the Caribbean, contributing to significant business growth[23]. - The company is committed to becoming a widely recognized provider of full lifecycle construction services, leveraging its extensive experience and technical capabilities[22]. Contracting and Project Management - The company signed new contracts totaling CNY 360.85 billion, an increase of 18.8% year-on-year, exceeding the annual target by 109.2%[29]. - The construction segment generated CNY 166.34 billion in revenue, accounting for 80.95% of total revenue, with a growth of approximately CNY 38 billion[32]. - The company completed 1,003 projects during the reporting period, with a total value of CNY 6.810 billion[52]. - The total amount of ongoing projects reached CNY 72.906 billion, with 3,508 projects in progress[54]. - The company signed three new PPP projects in Shanghai, Hangzhou, and Rizhao, effectively driving the development of its main business[23]. Research and Development - The company’s R&D expenses increased by 20.10% to CNY 6.22 billion, reflecting a commitment to innovation[31]. - The company has filed over 1,600 patent applications, with more than 800 patents granted, showcasing its commitment to research and development[69]. - The company is focusing on technological advancements and research and development to enhance its competitive edge in the industry[116]. Financial Management and Investments - The net cash flow from investing activities decreased by 29.76% to -3,008,307,413.56 RMB, primarily due to increased loans to subsidiaries[44]. - The net cash flow from financing activities increased by 352.07% to 9,719,481,520.07 RMB, mainly due to increased cash from loans[44]. - The company reported a total of CNY 10.9 billion in fair value measurement for financial assets at the end of the year, with a profit impact of CNY 869 million[21]. - The company has established a financing mechanism for major projects, primarily using self-owned funds, bank loans, and partnerships with other social capital[58]. Corporate Governance and Social Responsibility - The company has committed to avoiding any direct or indirect competition with its controlling shareholder, ensuring that all overseas business activities are conducted by the listed company[82]. - The company actively participates in social responsibility initiatives, including donations to charitable organizations[94]. - The company donated over 10 million RMB to poverty alleviation efforts in various regions, including Yunnan and Sichuan[94]. - The company has established a comprehensive environmental protection management system, aiming to reduce environmental damage during construction and operations[98]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 1.40 per 10 shares, totaling approximately CNY 1.25 billion, subject to shareholder approval[4]. - In 2019, the company distributed a cash dividend of 1.40 CNY per 10 shares, totaling 1,246,615,682 CNY, which represents 31.7% of the net profit attributable to ordinary shareholders[80]. - The cash dividend amount for 2019 included a share repurchase of 55,109,000 CNY, leading to a total cash dividend ratio of 33.1%[81]. Risks and Challenges - The company anticipates potential risks from policy changes, financial instability of clients, and market demand fluctuations[77]. - The construction industry is facing challenges due to the COVID-19 pandemic, prompting government support measures to stabilize investment[50]. Employee Management and Development - The total number of employees in the parent company and major subsidiaries is 42,762, with 1,665 in the parent company and 41,097 in subsidiaries[125]. - The company has established a long-term incentive mechanism, including an incentive fund plan to attract and retain key talent[127]. - The company implemented a training program covering 9,624 participants across various roles, achieving a learning rate of 91.5%[128]. Audit and Compliance - The company has engaged professional consulting firms to assist in internal control self-assessment[130]. - The company’s internal control system effectively ensures legal compliance, asset security, and accurate information disclosure, with 93.92% of total assets and 97.86% of total revenue evaluated during internal control self-assessment[130]. - The audit report indicates that the auditors have identified significant risks related to material misstatements due to fraud or error, necessitating careful evaluation of internal controls[157].