| 证券代码：600170 | 证券简称：上海建工 | 公告编号：临 | 2023-033 | | --- | --- | --- | --- | | 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 2023 年第一季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： 会议召开时间：2023 年 5 月 29 日(星期一) 上午 10:00-11:00 会议网络平台：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 5 月 22 日(星期一) 至 5 月 26 日(星期五)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@scg.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海建工集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发 布公司 2023 年 ...

2023 年第一季度报告 单位：元 币种：人民币 证券代码：600170 证券简称：上海建工 上海建工集团股份有限公司 2023 年第一季度报告 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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|--------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增 减变动幅度 (%) | | 营业收入 | 66,205,078,110.66 ...

Financial Performance - The company's operating revenue for 2022 was CNY 286,036,614,659.88, an increase of 1.77% compared to CNY 281,055,468,024.64 in 2021[14] - The net profit attributable to shareholders of the listed company decreased by 64.03% to CNY 1,355,684,964.02 from CNY 3,768,771,949.40 in the previous year[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 875,295,317.78, down 68.36% from CNY 2,766,382,474.89 in 2021[14] - Basic earnings per share decreased by 72.22% to CNY 0.10 in 2022 compared to CNY 0.36 in 2021[16] - The weighted average return on equity dropped to 2.86% in 2022 from 11.09% in 2021, reflecting a decline in profitability[16] - The company reported a significant decrease in investment income, which fell by 38.25% to approximately ¥1.03 billion[47] - The company reported a net profit of 2,042.08 million for 2022, reflecting a strong performance in the construction sector[120] Cash Flow and Assets - The net cash flow from operating activities was CNY 8,957,504,142.58, a decrease of 13.61% compared to CNY 10,368,337,420.31 in the previous year[14] - The total assets at the end of 2022 were CNY 366,803,619,093.24, an increase of 3.69% from CNY 353,765,891,761.73 at the end of 2021[14] - The net assets attributable to shareholders of the listed company were CNY 40,455,251,531.61, a decrease of 1.24% from CNY 40,961,565,677.84 at the end of 2021[14] - Accounts receivable decreased by 62.20% to ¥1,791,332,388.08, representing 0.49% of total assets, due to tighter collection policies[65] - Long-term equity investments increased by 43.36% to ¥8,476,140,941.34, accounting for 2.31% of total assets, attributed to increased external investments[65] Market Strategy and Expansion - The company is focusing on expanding its market presence in the Yangtze River Delta and other economically developed regions[5] - The company is committed to its "1+7+X" regional market layout strategy, targeting key cities in developed areas and emerging cities along the Belt and Road Initiative[5] - The company plans to enhance its digital transformation and technological innovation as part of its strategic initiatives moving forward[23] - The company is actively pursuing government policies aimed at boosting economic growth, enhancing its market presence[27] - The company aims to enhance its market position by actively participating in major projects and expanding its service offerings in response to market demands[104] Construction and Contracts - Total new contracts signed in 2022 reached CNY 451.687 billion, with construction business contracts accounting for 81.52% of the total[24] - The construction business accounted for 86.67% of total operating revenue in 2022, with revenue increasing by 3.70% year-on-year[49] - The company secured 55 major construction projects with a contract value exceeding 1 billion yuan in 2022, totaling 1,049.08 million yuan[25] - The company completed 80 emergency projects during the pandemic, providing 100,000 hospital beds, demonstrating its commitment to economic recovery[27] - The company has completed over 600 projects in 138 countries or regions, including significant projects like the Myanmar Zhaoji Power Station and the Thailand BNS Steel Plant[92] Profitability and Costs - Operating costs rose to approximately ¥260.17 billion, reflecting a 2.20% increase from ¥254.56 billion in the previous year[47] - The gross profit from construction operations in 2022 was 185.25 million yuan, accounting for 72.31% of the total gross profit from main operations[28] - The company's construction business gross profit margin decreased to 7.50% in 2022 from 8.21% in 2021, while the real estate development margin fell to 5.60% from 7.27%[29] - The company experienced a decline in gross profit margin due to increased costs in construction materials and labor[50] Research and Development - Research and development expenses increased by 2.95% to approximately ¥10.18 billion, compared to ¥9.89 billion in 2021[47] - The company applied for 1,129 patents and was granted 285 invention patents during the reporting period, indicating a strong focus on innovation[30] - The company has developed advanced technologies in high-performance concrete, including ultra-high pumping concrete and special concrete varieties[36] Sustainability and Social Responsibility - The company has invested CNY 155.64 million in environmental protection during the reporting period[152] - The company has established a carbon neutrality technology research center, emphasizing its commitment to sustainable development[30] - The company is actively engaged in green development initiatives, focusing on soil remediation, wastewater treatment, and sponge city projects to improve urban and rural environments[155] - The company has reduced carbon emissions by 25,400 tons through various carbon reduction measures, including the use of clean energy and advanced production technologies[156] Governance and Internal Control - The company has strengthened internal control construction and engaged professional consulting firms for self-evaluation during the reporting period[114] - The company’s governance structure effectively prevents and mitigates operational and ethical risks[114] - The company has not faced any penalties from securities regulatory agencies in the past three years[129] - The company has established a systematic internal control mechanism to manage and evaluate its subsidiaries effectively[149] Future Outlook - The company aims to achieve an operating revenue of 300 billion CNY and new contract signings of 500 billion CNY in 2023[107] - The company plans to focus on high-quality development and aims for a GDP growth of around 5% in 2023, with an emphasis on stabilizing growth, employment, and prices[100] - Future guidance suggests a projected revenue growth of approximately 10% for the next fiscal year, driven by increased infrastructure spending[122]

| 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 Q1 2022 was ¥53,025,330,121.45, a decrease of 16.28% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was -¥178,771,118.35, representing a decline of 227.18% year-on-year[5] - The company reported a significant increase in prepayments, which rose to RMB 3.87 billion, up 30% from RMB 2.97 billion in the previous year[15] - The company reported a decrease in comprehensive income, totaling -¥165,414,891.62 in Q1 2022 compared to ¥205,356,415.81 in Q1 2021[20] - The net profit for Q1 2022 was a loss of approximately ¥59.68 million, compared to a loss of ¥225.64 million in Q1 2021, showing an improvement of about 73.5%[27] - The total comprehensive income for Q1 2022 was a loss of approximately ¥59.68 million, compared to a loss of ¥225.64 million in Q1 2021, showing a significant improvement[27] Cash Flow - The net cash flow from operating activities was -¥23,924,186,149.44, down 22.32% from the previous year[5] - Cash flow from operating activities in Q1 2022 was -¥23,924,186,149.44, compared to -¥19,558,399,921.55 in Q1 2021, showing a worsening cash flow situation[22] - The net cash flow from investing activities was -1,647,483,397.96 RMB, compared to -872,316,150.18 RMB in the previous year, indicating a significant increase in cash outflow[23] - The net cash flow from investing activities for Q1 2022 was negative at approximately ¥600.91 million, compared to a positive cash flow of ¥253.93 million in Q1 2021[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥329,138,344,227.46, a decrease of 6.96% from the end of the previous year[6] - The company's current assets totaled RMB 248.13 billion, down 10% from RMB 275.61 billion in the previous year[15] - Total liabilities were reported at RMB 277.57 billion, a decrease of 8% from RMB 302.20 billion in the previous year[16] - The company's total liabilities decreased from 63,677,108,914.98 RMB to 56,999,221,851.98 RMB, a reduction of about 10.5%[26] - The company's total asset value was 88,100,797,282.09 RMB, down from 94,904,383,917.78 RMB, indicating a decline of about 7.2%[26] Equity and Investments - The equity attributable to shareholders of the listed company was ¥40,676,002,111.85, down 0.7% from the end of the previous year[6] - The company's long-term equity investments increased to RMB 6.16 billion, a rise of 4% from RMB 5.91 billion in the previous year[15] - The company's long-term investments increased to 33,207,339,938.39 RMB from 32,382,937,431.87 RMB, reflecting a growth of approximately 2.6%[25] Operational Efficiency and Market Conditions - The company is actively assessing the impact of the Omicron variant on its annual operational targets and is committed to business expansion while ensuring effective epidemic control measures[12] - The company is focused on continuous evaluation of its financial status and operational results in light of ongoing market challenges[12] - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities moving forward[20] Research and Development - Research and development expenses decreased by 38.64% due to the impact of the pandemic on R&D investments[8] - Research and development expenses for Q1 2022 were ¥864,800,071.50, a decrease of 38.7% from ¥1,409,467,361.42 in Q1 2021[18] - The company incurred research and development expenses of approximately ¥11.93 million in Q1 2022, significantly down from ¥23.51 million in Q1 2021, indicating a reduction of about 49.3%[27] Earnings Per Share - The company’s basic and diluted earnings per share were both -¥0.028, reflecting a significant decrease of 2,860% year-on-year[5] - Basic earnings per share for Q1 2022 were -¥0.028, down from ¥0.001 in Q1 2021[21] - The company reported a basic and diluted earnings per share of -¥0.01 for Q1 2022, compared to -¥0.04 in Q1 2021, indicating a reduction in losses per share[28]

Financial Performance - The company's operating revenue for Q1 2022 was ¥53,025,330,121.45, a decrease of 16.28% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥178,771,118.35, representing a decline of 227.18% year-on-year[5]. - The net profit for Q1 2022 was -¥115,948,262.47, compared to a net profit of ¥217,327,455.33 in Q1 2021, indicating a significant decline[20]. - Basic earnings per share for Q1 2022 were -¥0.028, down from ¥0.001 in Q1 2021[21]. - The company reported a total comprehensive income of approximately -¥59.68 million for Q1 2022, compared to -¥225.64 million in Q1 2021, indicating an improvement of about 73.5%[27]. Cash Flow - The net cash flow from operating activities was -¥23,924,186,149.44, down 22.32% from the previous year[5]. - Cash flow from operating activities in Q1 2022 was -¥23,924,186,149.44, compared to -¥19,558,399,921.55 in Q1 2021, showing a worsening cash flow situation[22]. - The cash inflow from financing activities was 6,911,125,144.83 RMB, compared to 14,420,059,120.92 RMB in the previous year, showing a decrease of approximately 52.0%[23]. - The net cash flow from financing activities was 2,101,269,176.41 RMB, down from 6,682,362,494.33 RMB, indicating a significant decrease of about 68.5%[23]. - The financing activities resulted in a net cash outflow of approximately ¥127.58 million in Q1 2022, compared to a net inflow of ¥1.61 billion in Q1 2021, reflecting a significant change in financing strategy[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥329,138,344,227.46, a decrease of 6.96% from the end of the previous year[6]. - The company's current assets totaled RMB 248.13 billion, down 10% from RMB 275.61 billion in the previous year[15]. - Total liabilities decreased to RMB 277.57 billion, down 8% from RMB 302.20 billion in the previous year[16]. - The company's total liabilities decreased to 56,999,221,851.98 RMB from 63,677,108,914.98 RMB, a reduction of about 10.5%[26]. - The company's total owner's equity decreased to 31,101,575,430.11 RMB from 31,227,275,002.80 RMB, a slight decline of about 0.4%[26]. Operational Impact - The company reported a significant impact on operations due to the Omicron variant, which may affect annual business targets[12]. - The company is committed to advancing business expansion while continuously assessing the impact on future financial conditions and operational results[12]. - The company reported a gross profit decline of ¥9.4 billion in construction operations, ¥1.0 billion in building materials, and ¥0.3 billion in real estate development due to the impact of the pandemic and real estate regulations[9]. Research and Development - Research and development expenses decreased by 38.64% year-on-year, impacted by the pandemic[8]. - Research and development expenses for Q1 2022 were ¥864,800,071.50, a decrease of 38.7% from ¥1,409,467,361.42 in Q1 2021[18]. - The company incurred research and development expenses of approximately ¥11.93 million in Q1 2022, a significant decrease from ¥23.51 million in Q1 2021, representing a reduction of about 49.3%[27]. Inventory and Receivables - Accounts receivable decreased to RMB 44.32 billion, a decline of 20% compared to RMB 55.21 billion in the previous year[15]. - The company's inventory increased to RMB 72.09 billion, up 3.8% from RMB 69.75 billion in the previous year[15]. - The company's inventory decreased to 672,696,052.76 RMB from 803,336,773.59 RMB, a decline of about 16.3%[25]. Other Financial Metrics - The company’s weighted average return on net assets was -0.81%, a decrease of 0.83 percentage points compared to the previous year[5]. - Other comprehensive income after tax for Q1 2022 was -¥49,466,629.15, compared to -¥11,971,039.52 in Q1 2021, reflecting increased losses in this area[20]. - The company reported a decrease in sales expenses to ¥140,492,413.09 from ¥189,153,275.97 in Q1 2021, a reduction of 25.7%[18].

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]