Financial Performance - The company's operating revenue for 2021 was approximately ¥159.48 billion, representing a year-over-year increase of 24.86% compared to ¥127.72 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately ¥3.48 billion, an increase of 22.88% from ¥2.83 billion in 2020[27]. - The net cash flow from operating activities for 2021 was approximately -¥3.06 billion, worsening by 14.67% compared to -¥2.67 billion in 2020[27]. - The total assets at the end of 2021 were approximately ¥229.25 billion, reflecting a year-over-year increase of 25.99% from ¥181.97 billion in 2020[27]. - The basic earnings per share for 2021 was ¥0.9795, an increase of 8.98% from ¥0.8988 in 2020[27]. - The weighted average return on equity for 2021 was 23.1%, down from 26.42% in 2020, indicating a decrease of 12.57%[27]. - The company reported a net profit of approximately ¥1.41 billion in Q3 2021, showing a significant increase compared to ¥739.72 million in Q1 2021[30]. - The total non-recurring gains and losses for 2021 amounted to approximately ¥187.28 million, compared to ¥2.70 billion in 2020[31]. - The company's net assets attributable to shareholders at the end of 2021 were approximately ¥18.59 billion, an increase of 18.47% from ¥15.69 billion at the end of 2020[27]. - The company experienced a significant increase in net profit after deducting non-recurring gains and losses, reaching approximately ¥3.20 billion in 2021 compared to ¥128.19 million in 2020[27]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.11 per 10 shares, totaling RMB 409,465,933.75, based on a total share capital of 3,688,882,286 shares[6]. - For the 2021 fiscal year, the proposed cash dividend is 1.11 CNY per 10 shares, amounting to approximately 409.47 million CNY, pending shareholder approval[160]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - There are no significant risk events reported during the reporting period, and potential risks are detailed in the management discussion section[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not reported any violations of decision-making procedures regarding external guarantees[8]. - The board of directors and supervisory board members have all attended the board meeting, ensuring the report's accuracy[4]. - The company has not faced any issues with more than half of the directors being unable to guarantee the report's authenticity[8]. - The company has not faced any significant legal penalties or criticisms from regulatory bodies during the reporting period, indicating strong compliance with governance standards[107]. Risk Management - The company emphasizes the importance of safety in all aspects of its operations and aims to improve its risk management systems[99]. - The company has established a risk warning system to enhance management levels and prevent operational risks, ensuring strict adherence to safety responsibilities[104]. - The company emphasizes the importance of cash flow management, aiming to recover funds promptly to maintain a secure cash flow chain[104]. Corporate Governance - The company has conducted 12 board meetings and reviewed 75 proposals during the reporting period, enhancing governance and decision-making processes[107]. - The company has implemented a centralized information disclosure system to ensure timely and accurate communication with investors[107]. - The company is actively participating in investor relations activities to improve communication and enhance its corporate image[107]. - The company is focused on maintaining a robust governance structure with independent directors overseeing operations and ensuring compliance[138]. Market and Business Strategy - The company is focusing on market expansion both domestically and internationally, enhancing its competitive advantage in key regions[45]. - The company aims to enhance its core competitiveness and brand influence through a strategy focused on optimizing its main business[99]. - The company will explore differentiated development paths and expand its market share in specialized markets, particularly in emerging industries[100]. - The company is committed to increasing investment in technology innovation to enhance its core competitiveness[99]. - The company will actively seek mergers and acquisitions to strengthen its asset base and business operations[99]. Environmental and Social Responsibility - The company has established a management system for environmental protection, actively promoting green development and minimizing environmental damage during construction[171]. - The company has committed to enhancing its environmental management practices and has published guidelines for pollution prevention in construction projects[175]. - The company has successfully completed the rectification of performance commitments that were not met in previous years, ensuring compliance with the profit compensation agreement[169]. - The company has received multiple honors for its contributions to poverty alleviation, including being recognized as an advanced collective in Shaanxi Province[179]. Human Resources and Training - The company employed a total of 31,856 staff across the parent company and major subsidiaries, with 1,855 in the parent company and 30,001 in subsidiaries[155]. - In 2021, the company organized over 9,500 training sessions, training more than 300,000 individuals, with a training budget exceeding 60 million yuan[159]. - The company revised its salary management policies to link compensation with economic performance and employee income, enhancing motivation and creativity[156]. Financial Position - The company reported a total of 239.11 billion yuan in trading financial assets, indicating a strong financial position[92]. - The company’s financing activities generated a net cash flow of RMB 6.01 billion, a significant increase of 246.67% compared to the previous year[75]. - The company’s debt-to-asset ratio improved from 90.51% at the end of 2020 to 89.90% at the end of 2021[38]. Subsidiaries and Acquisitions - The company acquired a new subsidiary, Shaanxi Construction Prefabricated Intelligent Manufacturing Co., Ltd., with a registered capital of 20 million CNY and a purchase price of approximately 4.43 million CNY[167]. - The company has been actively managing its investor relations and has set plans for 2021 during the 15th meeting of the 7th Board of Directors[143].

Financial Performance - The company's operating revenue for Q1 2022 was ¥33,499,786,085.66, representing a year-on-year increase of 10.14%[6] - The net profit attributable to shareholders of the listed company was ¥770,207,310.44, reflecting a growth of 4.12% compared to the same period last year[6] - The net cash flow from operating activities increased significantly by 361.05%, amounting to ¥516,053,010.45[6] - The basic earnings per share decreased by 10.65% to ¥0.2088[6] - The total operating revenue for Q1 2022 was CNY 33,499,786,085.66, an increase of 10.4% compared to CNY 30,414,766,646.61 in Q1 2021[27] - The net profit for Q1 2022 reached CNY 895,324,035.76, compared to CNY 749,299,228.73 in Q1 2021, representing a year-over-year increase of 19.5%[31] - The profit attributable to shareholders of the parent company was CNY 770,207,310.44 in Q1 2022, compared to CNY 739,718,184.23 in Q1 2021, indicating a growth of 4.1%[32] - The total comprehensive income attributable to the parent company's shareholders was CNY 867,578,174.18 in Q1 2022, compared to CNY 752,738,756.99 in Q1 2021, an increase of 15.2%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥230,880,281,643.50, a slight increase of 0.71% from the end of the previous year[8] - The company's current assets totaled CNY 204,173,244,261.79, compared to CNY 202,512,106,343.77 in the previous year[21] - The company's total liabilities were CNY 188,218,522,694.85, slightly down from CNY 188,823,469,807.67[25] - The total liabilities amounted to CNY 206,757,850,066.52, slightly up from CNY 206,105,296,641.75 in the previous year[27] - The total equity increased to CNY 24,122,431,576.98 from CNY 23,149,181,682.36, marking a growth of 4.2%[27] Cash Flow - In Q1 2022, the company's operating cash inflow totaled CNY 35,888,890,690.90, an increase of 6.6% from CNY 33,665,431,626.88 in Q1 2021[37] - The net cash flow from operating activities was CNY 516,053,010.45, a significant recovery from a negative CNY 197,687,363.05 in the same period last year[37] - The company reported cash outflows from investing activities of CNY 155,863,579.66, a decrease from CNY 698,191,860.18 in Q1 2021[39] - The net cash flow from financing activities was CNY 1,248,279,943.74, compared to CNY 257,355,480.82 in Q1 2021, indicating a strong increase in financing[39] - The total cash and cash equivalents at the end of Q1 2022 reached CNY 18,212,659,750.82, up from CNY 14,868,096,487.46 at the end of Q1 2021[39] Expenses - Research and development expenses increased by 25.97%, indicating a rise in investment in scientific research projects[12] - The company reported a 32.51% increase in selling expenses due to business expansion of subsidiaries[12] - The total operating costs for Q1 2022 were CNY 32,289,513,719.64, up from CNY 29,538,166,786.74 in Q1 2021, reflecting a growth of 9.3%[27] - The company reported a decrease in tax expenses to CNY 105,196,018.84 from CNY 124,030,831.40 in the previous year, a reduction of 15.2%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 61,015[16] - The equity attributable to shareholders of the listed company rose by 4.56% to ¥19,438,131,044.24[8] Other Information - The company has not disclosed any significant new product developments or market expansion strategies in the current report[19] - The company experienced a foreign exchange loss of CNY 7,461,267.86, contrasting with a gain of CNY 3,941,369.20 in the previous year[39]

Financial Performance - The company's operating revenue for 2021 was approximately ¥159.48 billion, representing a year-on-year increase of 24.86% compared to ¥127.72 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately ¥3.48 billion, up 22.88% from ¥2.83 billion in 2020[27]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥3.20 billion, a significant increase of 2,395.54% compared to ¥128.19 million in 2020[27]. - The company's total assets at the end of 2021 reached approximately ¥229.25 billion, reflecting a 25.99% increase from ¥181.97 billion at the end of 2020[27]. - The basic earnings per share for 2021 was ¥0.9795, an increase of 8.98% from ¥0.8988 in 2020[27]. - The weighted average return on equity for 2021 was 23.1%, down from 26.42% in 2020, indicating a decrease of 12.57%[27]. - The net cash flow from operating activities for 2021 was approximately -¥3.06 billion, worsening by 14.67% compared to -¥2.67 billion in 2020[27]. - The company reported a quarterly revenue of approximately ¥30.41 billion in Q1, ¥46.78 billion in Q2, ¥40.59 billion in Q3, and ¥41.69 billion in Q4 of 2021[30]. - The total operating revenue reached RMB 158.92 billion, an increase of 24.94% compared to the previous year[55]. - The gross profit margin for the construction engineering business improved by 1.09 percentage points to 8.64%[55]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.11 per 10 shares, totaling RMB 409,465,933.75, based on a total share capital of 3,688,882,286 shares[6]. - For the 2021 fiscal year, the proposed cash dividend is 1.11 CNY per 10 shares, amounting to approximately 409.47 million CNY, pending shareholder approval[160]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[4]. - The company has implemented a comprehensive internal control system covering governance, operations, human resources, and financial reporting[165]. - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[169]. Risk Management - There are no significant risk events reported during the reporting period, and potential risks are detailed in the management discussion section[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company’s future plans and strategic developments are subject to various uncertainties and risks[7]. - The company has established a risk warning system to enhance management levels and prevent operational risks, ensuring strict adherence to safety responsibilities[104]. Strategic Initiatives and Market Expansion - The company is focusing on high-quality development and expanding into new markets, driven by strategic initiatives like the "Belt and Road" initiative[41]. - The company is focusing on market expansion both domestically and internationally, enhancing its competitive edge in key regions[45]. - The company aims to enhance its core competitiveness and brand influence through a strategy focused on optimizing its main business[99]. - The company plans to achieve a contract signing amount of 365.4 billion yuan and an operating revenue of 185 billion yuan in 2022[100]. Human Resources and Talent Development - A total of 2,066 new graduates were recruited, including 20 from prestigious universities[38]. - The company has established a strong talent pool with over 10,000 professionals, including 2,671 senior titles and 3,975 first-level construction engineers[45]. - In 2021, the company organized over 9,500 training sessions, training more than 300,000 individuals, with a training budget exceeding 60 million yuan[159]. - The company introduced a new online learning platform, "Shan Jian Learning Hall," offering over 5,000 courses across various fields[159]. Environmental and Social Responsibility - The company is committed to environmental protection and has published guidelines for pollution control in construction projects[175]. - The company has established a complete closed-loop industrial chain for the resource utilization of construction waste, promoting healthy industry development[177]. - The company has been awarded the advanced collective honor for poverty alleviation by the Shaanxi Provincial Government in 2021[179]. - The company achieved a total of 11.22 million yuan in consumption poverty alleviation throughout the year[179]. Governance and Management - The company is committed to enhancing its governance structure, having held 12 board meetings and reviewed 75 proposals during the reporting period[107]. - The company has a structured approach to governance, ensuring compliance with regulations and effective management of its board and supervisory roles[135]. - The company has established a remuneration decision-making process based on performance evaluations conducted by the Shaanxi State-owned Assets Supervision and Administration Commission[135]. - The company has undergone several personnel changes, including the election of Zhang Yiguang as Chairman and the election of Mao Jidong as Vice Chairman[138]. Related Party Transactions and Competition - The company commits to resolving any potential competition issues by allowing the listed company to acquire shares or assets of competing entities if necessary[200]. - The company guarantees not to use related party transactions to illegally transfer funds or profits from its subsidiaries[197]. - The company has established measures to resolve any potential competition issues with related enterprises, including the option for the company to acquire competing assets[198].

Financial Performance - The company's operating revenue for Q3 2021 was ¥40,592,070,269.39, representing a decrease of 2.92% compared to the same period last year[7] - Net profit attributable to shareholders for Q3 2021 was ¥1,414,190,255.63, an increase of 30.15% year-over-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,419,025,697.45, showing a significant increase of 6,519.36% compared to the same period last year[7] - The company experienced a 30.01% increase in operating revenue due to business growth from the 14th National Games and expansion into markets outside the province[18] - The net profit for the year-to-date period increased by 109.41%, attributed to scale growth and improved management levels post-listing[18] - Total operating revenue for the first three quarters of 2021 reached ¥117.78 billion, a 29.96% increase from ¥90.60 billion in the same period of 2020[33] - Net profit for the third quarter of 2021 was ¥3.51 billion, compared to ¥1.67 billion in the same quarter of 2020, representing a 109.88% increase[36] - Net profit attributable to shareholders of the parent company reached ¥3,408,017,323.66, a significant increase from ¥1,567,820,797.18 in the previous period, representing a growth of approximately 117.4%[40] - Total comprehensive income amounted to ¥3,504,977,205.69, up from ¥1,677,700,860.12, reflecting a growth of about 108.8%[40] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥223,737,783,566.62, which is a 22.96% increase from the end of the previous year[10] - Total current assets as of September 30, 2021, amounted to RMB 200,531,704,070.95, an increase from RMB 161,096,686,323.56 in the previous year[28] - Total assets increased to ¥223.74 billion in Q3 2021, up from ¥181.97 billion in Q3 2020, reflecting a growth of 22.94%[33] - Total liabilities reached ¥200.24 billion, an increase of 21.56% from ¥164.69 billion in the previous year[33] - The total liabilities of the company as of September 30, 2021, were not explicitly stated but are critical for assessing financial health[28] - Total current liabilities were approximately ¥150.40 billion, remaining unchanged[51] - Total non-current liabilities decreased to approximately ¥14.29 billion from ¥14.50 billion, indicating a change of ¥204.08 million[51] - Total liabilities amounted to approximately ¥164.69 billion, down from ¥164.90 billion, with a decrease of ¥204.08 million[51] Equity and Earnings - The weighted average return on equity for Q3 2021 was 6.35%, an increase of 2.30 percentage points year-over-year[10] - Basic earnings per share for Q3 2021 were ¥0.3770, reflecting a 27.52% increase compared to the same period last year[10] - The total equity attributable to shareholders at the end of Q3 2021 was ¥21,813,916,925.72, which is a 36.02% increase compared to the same period last year[10] - The company's equity attributable to shareholders rose to ¥21.81 billion, up from ¥15.69 billion, marking a 38.91% increase[33] - Basic and diluted earnings per share were both ¥1.0331, compared to ¥0.4980 in the same period last year, indicating an increase of 107.1%[40] Cash Flow - The company reported a net cash flow from operating activities of -¥4,414,877,539.27 for the year-to-date period, indicating a decline of 232.88%[10] - Cash inflow from operating activities totaled ¥95,198,215,408.78, compared to ¥88,458,898,300.25 in the previous year, marking an increase of approximately 7.8%[44] - Cash outflow from operating activities was ¥99,613,092,948.05, up from ¥85,136,407,258.79, resulting in a net cash flow from operating activities of -¥4,414,877,539.27, compared to ¥3,322,491,041.46 previously[44] - Cash inflow from investment activities was ¥321,648,059.95, a significant decrease from ¥15,557,401,912.20 in the prior year[46] - Cash outflow from investment activities totaled ¥1,788,343,864.12, down from ¥17,562,361,040.11, leading to a net cash flow from investment activities of -¥1,466,695,804.17[46] - Cash inflow from financing activities reached ¥12,779,804,963.50, slightly up from ¥12,447,405,414.24 in the previous year[46] - Net cash flow from financing activities was ¥3,621,582,075.92, compared to -¥1,741,927,614.14 in the same period last year, indicating a positive turnaround[46] - The ending balance of cash and cash equivalents was ¥13,208,160,680.31, down from ¥14,585,519,996.86, reflecting a decrease of approximately 9.4%[46] Current Assets and Receivables - Accounts receivable increased to RMB 105,752,688,779.08 from RMB 92,063,174,324.47, reflecting a growth of approximately 14.5% year-over-year[28] - Inventory as of September 30, 2021, was RMB 2,854,359,016.64, up from RMB 2,287,600,105.36, indicating a year-over-year increase of about 24.8%[28] - The company reported a total of ¥5.98 billion in undistributed profits[53] - The company holds approximately ¥2.29 billion in inventory, unchanged from the previous period[47] - The company has long-term receivables of approximately ¥1.52 billion, remaining stable[47] - Long-term receivables rose to RMB 2,869,782,538.39 from RMB 1,516,499,013.18, representing an increase of about 89.2% year-over-year[28] Research and Development - Research and development expenses for the third quarter of 2021 were ¥562 million, compared to ¥466 million in the same quarter of 2020, indicating a 20.56% increase[36] Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[28] - The report indicates that the company is actively managing its shareholder structure, with significant stakes held by state-owned entities, reflecting a stable ownership base[24]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥77,192,094,588.17, representing a 57.35% increase compared to ¥49,058,037,381.1 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥1,993,827,068.03, a significant increase of 212.92% from ¥637,169,741.62 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥1,976,932,357.63, compared to ¥48,720,658.94 in the same period last year, marking a substantial increase of 3,957.69%[20]. - The company's total assets at the end of the reporting period were ¥203,692,714,746.38, an increase of 11.94% from ¥181,965,273,972.71 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 29.83% to ¥20,373,038,638 from ¥15,691,532,022 at the end of the previous year[20]. - The basic earnings per share for the first half of 2021 were ¥0.5953, a decrease of 14.23% compared to ¥0.6941 in the same period last year[20]. - The weighted average return on net assets increased by 7.95 percentage points to 14.54% from 6.59% in the previous year[20]. - The company reported a net cash flow from operating activities of -¥2,316,311,389.51, an improvement of 24.87% compared to -¥3,082,920,321.97 in the same period last year[20]. Market and Industry Context - In the first half of 2021, China's GDP reached 53,216.7 billion RMB, growing by 12.7% year-on-year[28]. - The construction industry in China achieved a total output value of 11,984.355 billion RMB, with a year-on-year increase of 18.85%[28]. - The company's construction business maintained a high-quality growth trend, with significant improvements in operational quality and market structure[28]. - The company holds 9 first-class general contracting qualifications for construction projects and 25 first-class design qualifications, covering the entire construction industry[28]. - The company’s subsidiary has capabilities in large-scale chemical design and construction, providing opportunities in new infrastructure and high-end manufacturing sectors[28]. - The total output value of construction enterprises in Shaanxi Province reached 375.46 billion RMB, with a year-on-year growth of 15.5%[28]. Strategic Initiatives - The company aims to expand its market presence both domestically and internationally, enhancing its comprehensive construction service capabilities[28]. - The company is focused on optimizing development quality while expanding its industrial chain in the construction sector[28]. - The company actively expanded its market presence along the "Belt and Road" initiative, enhancing its international market coverage[34]. - The company implemented a comprehensive reform plan for 2021-2022, focusing on improving information technology and financial integration[35]. - The company organized training for over 33,000 personnel on a digital learning platform, enhancing its talent development efforts[35]. Financial Management and Fundraising - The company raised CNY 2.09 billion through a private placement of shares to 8 institutional investors, increasing its share capital by 603 million shares[35]. - The company has a strategy to increase the recovery of accounts receivable to mitigate collection risks associated with long project durations[54]. - The company plans to invest in new projects, including a highway BOT project with a total investment of ¥3.51 billion, indicating ongoing market expansion strategies[49]. - The company has committed to enhancing its financial management by appointing a new chief accountant and board secretary[61]. Environmental and Social Responsibility - The company completed cumulative consumption poverty alleviation of CNY 7.758 million in the first half of 2021, with employment, industry, and education assistance progressing as planned[68]. - The company received the title of "Advanced Collective in Poverty Alleviation" in Shaanxi Province for its effective actions and results in poverty alleviation[68]. - The company is committed to enhancing its environmental protection management system and has implemented measures to reduce energy consumption and improve resource utilization efficiency[67]. - The company has been actively working to minimize environmental damage during construction and production processes[67]. Governance and Compliance - The company has undergone significant changes in its board and management, including the election of new directors and the appointment of a new general manager[61]. - The company has committed to maintaining independent financial management, with a distinct accounting system and independent bank accounts[110]. - The company guarantees that its assets will remain independent and separate from those of its controlled entities, ensuring complete operational independence[110]. - The company has committed to resolving competition issues with Shaanxi Construction Seventh Engineering Group within a 5-year transition period following the restructuring[119]. Shareholder Structure and Transactions - The total number of shares outstanding is 3,147,981,912, with 79.15% being limited sale shares[173]. - The largest shareholder, Shaanxi Construction Holding Group, holds 2,473,935,223 shares, representing 65.95% of total shares[190]. - The company has a complex shareholder structure with potential related party transactions, particularly involving subsidiaries[200]. - The company has implemented a lock-up period for non-public stock issuance, ensuring stability in shareholding[186].

Financial Performance - The company's operating revenue for 2020 was approximately ¥127.72 billion, representing a year-over-year increase of 22.18% compared to ¥104.54 billion in 2019[26]. - Net profit attributable to shareholders for 2020 was approximately ¥2.83 billion, an increase of 83.95% from ¥1.54 billion in 2019[26]. - Basic earnings per share for 2020 was ¥0.8988, up 83.95% from ¥0.4886 in 2019[27]. - The total assets of the company reached approximately ¥181.97 billion by the end of 2020, reflecting a 25.29% increase from ¥145.24 billion in 2019[26]. - The weighted average return on equity for 2020 was 26.42%, an increase of 6.67 percentage points from 19.75% in 2019[27]. - The company reported a net cash flow from operating activities of approximately -¥2.67 billion for 2020, slightly improved from -¥2.66 billion in 2019[26]. - The company reported a total of ¥7.58 million in government subsidies recognized in 2020, compared to ¥3.20 million in 2019[31]. - The total revenue for the company reached ¥127.20 billion, representing a year-over-year increase of 7.65%[71]. - The construction engineering segment generated ¥118.20 billion in revenue, with a year-over-year growth of 24.13%[71]. - The gross profit margin improved to 7.65%, an increase of 0.74 percentage points compared to the previous year[74]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.62 per 10 shares, totaling RMB 232,579,986.08, based on a total share capital of 3,751,290,098 shares[8]. - The company proposed a cash dividend of RMB 0.62 per 10 shares for the year 2020, totaling RMB 232,579,986.08, which represents 8.22% of the net profit attributable to ordinary shareholders[146]. - For the year 2019, the cash dividend was RMB 0.2 per 10 shares, amounting to RMB 18,359,053.44, which accounted for 6.21% of the net profit attributable to ordinary shareholders[146]. - The cash dividend for 2018 was RMB 1.0 per 10 shares, totaling RMB 91,795,267.20, which was 32.62% of the net profit attributable to ordinary shareholders[146]. - The company has established a complete decision-making and supervision mechanism for its dividend distribution[146]. - The company’s cash dividend distribution plan for 2020 is pending approval from the shareholders' meeting[146]. - The company has made amendments to its dividend policy to align with its strategic goals and shareholder returns[145]. Audit and Compliance - The company received a standard unqualified audit report from Tianzhi International Accounting Firm[7]. - The board of directors and senior management confirm the accuracy and completeness of the financial report[6]. - There are no significant risk events reported during the reporting period, and potential risks are detailed in the report[10]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[10]. - The company has no violations of decision-making procedures for external guarantees[10]. - The company has established priority purchase rights for potential competitive assets and business opportunities that may arise in the future[169]. - The company guarantees that it will not engage in any business activities that compete with the main business of the listed company and its subsidiaries[161]. Market and Industry Trends - The construction industry is expected to experience significant growth due to government policies aimed at infrastructure development and urban renewal[129]. - The company anticipates increased demand in the construction sector driven by new infrastructure projects, including 5G and renewable energy facilities[131]. - The competitive landscape in the construction industry is intensifying, with a trend towards polarization between leading firms and smaller players[134]. - The company is focusing on sustainable development and eco-friendly construction practices to align with national ecological goals[131]. - The company is exploring opportunities in rural revitalization and urban renewal projects, which are highlighted as key areas for growth in the "14th Five-Year Plan"[131]. Strategic Initiatives - The company plans to achieve a contract signing amount of 320 billion RMB and an operating income of 140 billion RMB in 2021[137]. - The company aims to enhance its core competitiveness and brand influence in the construction sector through a main business optimization strategy[136]. - The company will focus on expanding its market share both domestically and internationally, particularly in high-speed rail, subways, airports, and energy chemical sectors[139]. - The company intends to strengthen its investment management and risk control mechanisms to improve investment returns[139]. - The company will accelerate technological innovation and focus on green construction, energy conservation, and smart building technologies[139]. Asset Management and Restructuring - The company completed a significant asset restructuring by absorbing and merging with the original Shaanxi Construction Group, enhancing its competitive advantages in the construction sector[47]. - The company holds a 100% stake in Shaanxi Construction Engineering Co., with total assets of ¥17,231,495.93 million and a net profit of ¥273,750.11 million[127]. - The proposed transaction involves assets that are clear in ownership and free from any pledges, mortgages, or third-party claims, ensuring smooth transfer before registration under the listed company[196]. - The company has committed to compensating any economic losses incurred by the listed company due to pre-existing contingent liabilities related to the assets being sold[199]. Human Resources and Innovation - The company has over 10,000 mid-to-senior technical professionals, including 2,583 with senior titles, ensuring a strong talent pool for project execution[51]. - The company has 2,382 R&D personnel, making up 7.51% of the total workforce[83]. - Research and development expenses totaled ¥589.48 million, accounting for 0.46% of total revenue[80]. - The company has achieved a 267% completion rate for its annual patent application plan, with 24 patents granted during the year[59]. Risk Management - The company is committed to establishing a comprehensive risk management system to mitigate various risks, including financial and safety risks[140]. - The company will deepen strategic cooperation with central enterprises to enhance collaboration and achieve mutual benefits[139]. - The company will ensure that all assets under the listed company’s control are independent and not mixed with those of other controlled enterprises[160].

Financial Performance - Net profit attributable to shareholders surged by 1,375.89% to CNY 739.72 million year-on-year[11] - Operating revenue rose by 132.17% to CNY 30.41 billion compared to the same period last year[11] - Basic earnings per share increased by 328.02% to CNY 0.2337[11] - Weighted average return on equity rose by 1,016.98 percentage points to 5.92%[11] - Net profit for Q1 2021 reached RMB 749,299,228.73, representing a significant increase of 1,581.98% from RMB 44,548,519.34 in the same period last year[24] - Total operating revenue for Q1 2021 reached CNY 30.41 billion, a significant increase of 132.3% compared to CNY 13.10 billion in Q1 2020[49] - Net profit for Q1 2021 was CNY 749.30 million, compared to CNY 44.55 million in Q1 2020, reflecting a substantial growth[51] - Operating profit for Q1 2021 was CNY 835.39 million, up from CNY 162.29 million in the same period last year[49] Asset and Liability Management - Total assets increased by 4.05% to CNY 189.33 billion compared to the end of the previous year[11] - Total liabilities reached approximately ¥171.11 billion, up from ¥164.69 billion, reflecting an increase of about 3.88%[38] - Current liabilities amounted to approximately ¥155.55 billion, compared to ¥150.40 billion, indicating a rise of about 3.83%[38] - Long-term borrowings increased to approximately ¥12.66 billion from ¥11.44 billion, showing a growth of about 10.67%[38] - Total equity reached CNY 11.28 billion, showing stability in the company's financial position[44] - Shareholders' equity totaled approximately ¥18.22 billion, an increase from ¥17.27 billion, representing a growth of about 5.51%[38] Cash Flow Analysis - Net cash flow from operating activities improved significantly, with a net outflow of CNY 197.69 million compared to a net outflow of CNY 2.04 billion in the previous year[11] - Cash flow from operating activities improved to -RMB 200,187,363.05, a significant recovery from -RMB 2,036,232,190.94 in the previous year[26] - The company generated cash inflow from investment activities of 43,657,245.38 in Q1 2021, compared to 10,303,335.80 in Q1 2020, marking an increase of approximately 324.5%[59] - The net cash flow from financing activities in Q1 2021 was 257,355,480.82, a decrease from 3,073,211,790.60 in Q1 2020, reflecting a decline of approximately 91.6%[59] - The company reported a significant decrease in credit impairment losses, with only 0.00 in Q1 2021 compared to 70.62 in Q1 2020[54] Shareholder Information - The company reported a total of 26,987 shareholders at the end of the reporting period[17] - The largest shareholder, Shaanxi Construction Holding Group Co., Ltd., holds 78.59% of the shares[17] Operational Insights - The company did not report any significant new product developments or market expansions during this quarter[11] - There were no major mergers or acquisitions disclosed in the report[11] - The company completed a major asset restructuring by acquiring 100% of Shaanxi Construction Group Co., Ltd. and is progressing with the associated fundraising[28] - Research and development expenses increased to CNY 130.28 million in Q1 2021, compared to CNY 6.53 million in Q1 2020, indicating a focus on innovation[49] Other Financial Metrics - The company reported a total comprehensive income of CNY 752.74 million for Q1 2021, compared to CNY 62.10 million in Q1 2020[51] - The total operating costs for Q1 2021 were CNY 29.54 billion, up from CNY 12.96 billion in Q1 2020, reflecting increased operational activities[49] - The company incurred tax expenses of CNY 80.28 million in Q1 2021, compared to CNY 13.87 million in Q1 2020, indicating higher profitability[51]

Financial Performance - The company's operating revenue for 2020 was approximately ¥127.72 billion, representing a year-over-year increase of 22.18% compared to ¥104.54 billion in 2019[26]. - Net profit attributable to shareholders for 2020 reached approximately ¥2.83 billion, an increase of 83.95% from ¥1.54 billion in 2019[26]. - The weighted average return on equity increased to 19.75% in 2020, up by 6.67 percentage points from 10.35% in 2019[26]. - The total assets of the company as of the end of 2020 were approximately ¥181.97 billion, reflecting a 25.29% increase from ¥145.24 billion at the end of 2019[26]. - The company reported a basic earnings per share of ¥0.4886 for 2020, an increase of 83.95% compared to ¥0.3221 in 2019[26]. - The company experienced a significant decrease in net profit after deducting non-recurring gains and losses, which fell by 57.31% to approximately ¥128.19 million in 2020[26]. - The company reported a total of ¥2.74 billion in non-recurring gains for 2020, primarily from the merger activities[30]. - The company's total equity attributable to shareholders decreased by 1.40% to approximately ¥15.69 billion at the end of 2020 compared to ¥15.91 billion at the end of 2019[26]. - The net cash flow from operating activities for 2020 was negative at approximately -¥2.67 billion, showing a slight improvement from -¥2.66 billion in 2019[26]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.62 per 10 shares, totaling RMB 232,579,986.08, based on a total share capital of 3,751,290,098 shares[8]. - The company proposed a cash dividend of RMB 0.62 per 10 shares for the 2020 fiscal year, totaling RMB 232,579,986.08, which represents 8.22% of the net profit attributable to ordinary shareholders[142]. - For the 2019 fiscal year, the cash dividend was RMB 0.2 per 10 shares, amounting to RMB 18,359,053.44, which accounted for 6.21% of the net profit attributable to ordinary shareholders[142]. - The cash dividend for the 2018 fiscal year was RMB 1.0 per 10 shares, totaling RMB 91,795,267.20, which was 32.62% of the net profit attributable to ordinary shareholders[142]. - The company has modified its dividend policy to enhance shareholder returns while considering its development strategy and profitability[140]. - The company’s dividend distribution plan has been approved by the shareholders' meeting, ensuring compliance with corporate governance standards[140]. - The company has maintained a consistent approach to dividend distribution over the past three years, reflecting its commitment to shareholder value[143]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[7]. - The board of directors and senior management have guaranteed the authenticity and completeness of the annual report[6]. - The company ensures the independence of its financial department and accounting system, maintaining separate bank accounts from other controlled entities[156]. - The company commits to not using the assets of the listed company as collateral for its own debts[156]. - The company guarantees that all personnel, assets, and financial operations of the listed company remain independent and separate from its other controlled enterprises[156]. - The company will ensure that any related party transactions are conducted at fair market prices and comply with legal regulations[158]. - The company commits to maintaining a sound corporate governance structure for the listed company, ensuring independent decision-making[156]. Strategic Focus and Market Position - The company initiated a share swap merger with Shaanxi Construction Engineering, which is expected to impact future financial performance positively[26]. - Post-restructuring, the company shifted its primary business focus to construction, holding 9 first-class general contracting qualifications in construction engineering and 4 in municipal public works[42]. - The company aims to expand its international market presence, particularly in regions aligned with the Belt and Road Initiative[50]. - The company is actively seeking growth opportunities in alignment with national strategic development plans, including the Belt and Road Initiative[128]. - The company plans to achieve a contract signing amount of 320 billion RMB and an operating income of 140 billion RMB in 2021[133]. - The company will focus on expanding its market share both domestically and internationally, particularly in the Southeast Asian market under the Belt and Road Initiative[135]. Risk Management - There are no significant risk events reported during the reporting period, and potential risks are detailed in the report[10]. - The company has identified a high asset-liability ratio as a financial risk and plans to enhance its receivables collection efforts[136]. - The company recognizes the risk of macroeconomic policy changes affecting the construction industry and will adjust its management strategies accordingly[136]. - The company will implement a safety development strategy to mitigate risks associated with natural disasters and safety incidents during construction[136]. Operational Highlights - The company completed 49 construction projects, all meeting contract targets, including major projects like the Dalian Hengli Petrochemical PTA-5 line[57]. - The company signed new contracts worth CNY 115.38 billion in 2020, reflecting a year-on-year increase of 19%[45]. - The total new contracts signed during the reporting period amounted to CNY 274.91 billion, with operating revenue reaching CNY 127.72 billion, a year-on-year increase of 22.18%[62]. - The company completed 933 projects during the reporting period, with a total value of CNY 82.95 billion, including CNY 57.74 billion in housing construction[109]. - The total number of ongoing projects is 2,331, with a total value of CNY 415.61 billion, primarily in domestic markets[110]. Research and Development - The total R&D expenditure amounted to ¥589.48 million, representing 0.46% of total revenue[78]. - The company has 2,382 R&D personnel, making up 7.51% of the total workforce[81]. - The company has achieved a 267% completion rate for its annual patent application plan, with 24 patents granted, indicating strong innovation capabilities[57]. - The company has over 10,000 mid-to-senior technical personnel, including 2,583 with senior titles, indicating a strong talent pool[50]. Future Outlook - The company anticipates substantial opportunities in the construction sector due to ongoing urban renewal initiatives and rural revitalization efforts outlined in the 14th Five-Year Plan[128]. - The company is positioned to benefit from the ecological and environmental projects, which are expected to see increased demand in the coming years[128]. - The management emphasized a focus on sustainability initiatives, aiming for a reduction in carbon footprint by K% by 2025[171].

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 295,691,376.56 in 2019[6]. - The company's operating revenue for 2019 was approximately CNY 8.07 billion, representing a year-on-year increase of 6.55% compared to CNY 7.57 billion in 2018[25]. - The net profit attributable to shareholders for 2019 was approximately CNY 295.69 million, a 5.09% increase from CNY 289.92 million in 2018[25]. - The net assets attributable to shareholders at the end of 2019 were approximately CNY 2.96 billion, reflecting a 7.88% increase from CNY 2.74 billion at the end of 2018[27]. - The total assets at the end of 2019 were approximately CNY 8.41 billion, a 1.42% increase from CNY 8.29 billion at the end of 2018[27]. - The basic earnings per share for 2019 was CNY 0.3221, down 9.24% from CNY 0.3549 in 2018[27]. - The cash flow from operating activities for 2019 was negative CNY 276.32 million, a significant decrease compared to positive CNY 113.91 million in 2018[28]. - The company reported a quarterly revenue of CNY 2.69 billion in Q4 2019, which was the highest among the four quarters[28]. - The net profit for Q4 2019 was approximately CNY 78.51 million, showing a strong performance compared to previous quarters[28]. - Non-recurring gains and losses for 2019 totaled approximately CNY 5.78 million, significantly lower than CNY 92.68 million in 2018[31]. Dividend Policy - A cash dividend of RMB 0.2 per 10 shares is proposed, totaling RMB 18,359,053.44 to be distributed[6]. - The cash dividend for 2019 was set at RMB 0.2 per 10 shares, totaling RMB 18,359,053.44, which is 6.21% of the net profit attributable to ordinary shareholders[120]. - The company distributed a cash dividend of RMB 0.1 per 10 shares, totaling RMB 91,795,267.20 for the year 2018, which represents 32.62% of the net profit attributable to ordinary shareholders[117]. - In 2019, the company did not propose a cash profit distribution plan despite having positive distributable profits, indicating a focus on reinvestment[121]. Risk Management - The company has identified six major risks: industry risk, funding risk, policy risk, owner credit risk, safety production risk, and accounts receivable risk, with industry risk being the most significant[115]. - The company plans to enhance industry economic research, improve strategic planning management, and gradually expand its overseas market presence to mitigate industry risk[115]. - For funding risk, the company will conduct thorough research on bidding documents and assess the creditworthiness of owners to control repayment risks[115]. - The company has established a responsibility system for accounts receivable management, including a dedicated management team and annual assessments of outstanding debts[115]. - The company has established a blacklist for owners with poor creditworthiness to mitigate owner credit risk[115]. Operational Highlights - The company completed 90 engineering projects during the reporting period, with the Yuyuan Chemical Filling and Supplementing Project progressing smoothly and ranking among the top in terms of progress and quality among all general contracting units[55]. - The company has established a strong competitive advantage in engineering design, engineering construction, and technological innovation within the petrochemical industry[49]. - The company has developed key technologies in various fields, including petrochemicals, natural gas, and environmental protection, enhancing its core competitiveness[49]. - The company has successfully applied technological innovations in several major engineering projects, demonstrating its significant role in the national innovation system[49]. - The company has a total of 763 personnel in its subsidiary Shaanxi Huajian Engineering Co., Ltd., including 3 with special allowances from the State Council and 2 recognized as "Three Qin Talents"[55]. Strategic Focus - The company aims to become a leading international engineering service provider with a focus on high-quality development and risk management, achieving expected targets in major operational indicators[104]. - The company plans to optimize its business structure into three main segments: integrated engineering construction, capital operation, and equipment manufacturing, enhancing its resource integration and technological innovation capabilities[104]. - The strategic focus includes expanding into domestic and international markets while maintaining a strong emphasis on internal control and risk management[104]. - The company is committed to transforming into a comprehensive service provider for the entire lifecycle of construction products, enhancing product and service quality[104]. - The ongoing industry trend emphasizes a shift towards high-tech, high-value-added segments, with traditional sectors undergoing significant upgrades[103]. Technological Innovation - The company achieved a research and development expenditure of 343.46 million yuan, accounting for 4.26% of total revenue[49]. - Research and development expenses increased by 80.58% to 7,512.10 million RMB, indicating a strong focus on innovation[64]. - The company successfully developed a series of nickel-based alloys represented by N08810 and new heat-resistant steel welding processes represented by P91 during the reporting period[52]. - The company has invested in various engineering technologies, including catalytic device MIP process transformation and large transport bed gasification technology, positioning itself at the forefront of industry technology[52]. Corporate Governance - The company has committed to ensuring the independence of its financial department and maintaining a separate financial accounting system, with independent bank accounts not shared with other controlled enterprises[132]. - The company has pledged to compensate the listed company for any losses incurred due to violations of its commitments[134]. - The company will ensure that the management personnel of the listed company remain independent and will not hold positions in other controlled enterprises[132]. - The company has established a commitment to maintain the independence of the listed company's operations, assets, and personnel[132]. - The company emphasizes the importance of compliance with legal and regulatory requirements in all its business dealings[135].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥31,891,135.65, a decrease of 85.32% year-on-year[18]. - Operating revenue for the period was ¥4,657,287,847.45, down 13.35% from the same period last year[18]. - Basic earnings per share decreased to ¥0.0347, down 85.33% year-on-year[21]. - The weighted average return on net assets was 1.08%, a decrease of 6.64 percentage points compared to the previous year[21]. - The company reported a net loss of ¥14,522,014.47 compared to a profit of ¥21,542,586.96 in the previous period, indicating a significant downturn[49]. - Net profit for the period dropped by 85.32% to ¥31,891,135.65 from ¥217,185,499.42, influenced by the pandemic and decreased project gross margins[31]. - The company reported a total profit of -¥16,294,647.20 for Q3 2020, contrasting with a profit of ¥71,392,170.83 in Q3 2019[55]. - Net profit for Q3 2020 was -¥19,462,724.92, compared to a net profit of ¥60,280,094.49 in Q3 2019, indicating a significant decline[55]. - The company reported a net loss of ¥14,239,467.68 for the current period, compared to a net loss of ¥17,705,547.99 in the same period last year, indicating an improvement of approximately 19.5% year-over-year[63]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥344,071,862.17, a 57.93% increase compared to -¥817,885,442.88 in the previous year[18]. - Operating cash flow for the current period was negative at ¥344,071,862.17, an improvement from a negative cash flow of ¥817,885,442.88 in the previous year[69]. - Cash outflow from operating activities totaled ¥4,283,867,073.88, compared to ¥5,214,406,627.47 in the previous year, showing a reduction of approximately 17.9%[69]. - The net cash flow from financing activities was 75,082,154.89 RMB, compared to a negative cash flow of 95,429,663.10 RMB in the previous year[71]. - Cash and cash equivalents decreased significantly by 35.40% to ¥616,833,356.66 from ¥954,893,398.03 due to reduced collections impacted by the pandemic[28]. - Cash and cash equivalents at the end of the period totaled 557,745,313.92 RMB, down from 1,382,131,366.72 RMB at the beginning of the year[71]. - The cash inflow from operating activities was 1,681,404.59 RMB, down from 2,704,371.95 RMB in the previous year[71]. - The company paid dividends and interest totaling 19,917,845.11 RMB during the financing activities[71]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,960,929,404.10, an increase of 6.54% compared to the end of the previous year[18]. - Total liabilities amounted to ¥5,989,770,574.66, up from ¥5,450,976,060.91, marking an increase of around 9.8%[42]. - Current liabilities rose to ¥5,981,089,579.47, compared to ¥5,445,297,485.63, reflecting an increase of approximately 9.8%[42]. - Owner's equity reached ¥2,971,158,829.44, slightly up from ¥2,959,761,433.72, showing a growth of about 0.4%[42]. - The total current assets decreased to ¥2,356,399.55 from ¥32,872,982.33, a decline of approximately 92.8%[46]. - The total liabilities were reported at 5,450,976,060.91 RMB, showing a decrease from 5,452,433,752.47 RMB[79]. - The total current liabilities were CNY 5,445,297,485.63, indicating a significant portion of the company's financial obligations[81]. - The total non-current assets were valued at CNY 2,221,343,252.88[88]. Shareholder Information - The total number of shareholders at the end of the reporting period was 23,013[22]. - The largest shareholder, Shaanxi Construction Engineering Holding Group Co., Ltd., held 29% of the shares[22]. - The company plans to raise up to ¥2,129,677,900 through a non-public issuance of shares to finance the acquisition of Shaanxi Construction Group[33]. Revenue and Costs - Total operating revenue for Q3 2020 was ¥1,480,230,998.55, a decrease of 15.7% compared to ¥1,756,567,963.62 in Q3 2019[51]. - Total operating costs for Q3 2020 were ¥1,489,882,266.33, down 11.1% from ¥1,675,955,449.03 in Q3 2019[51]. - Total operating revenue for the first three quarters of 2020 was ¥4,657,287,847.45, a decrease of 13.3% from ¥5,374,950,010.93 in the same period of 2019[51]. - Total operating costs for the first three quarters of 2020 were ¥4,538,655,099.36, down 10.8% from ¥5,085,047,707.82 in the first three quarters of 2019[51]. Other Financial Metrics - The company reported an increase in credit impairment losses, contributing to the decline in net profit[21]. - Other income increased by 465.17% to ¥4,252,389.13 from ¥752,412.78, primarily due to increased government subsidies received[31]. - Research and development expenses increased to ¥3,639,971.26 in Q3 2020, up 237.5% from ¥1,080,971.04 in Q3 2019[51]. - The company incurred research and development expenses of ¥19,013,034.23, which is a significant investment aimed at future product development[63]. - Financial expenses included interest income of ¥228,388.87, which was lower than the previous year's income of ¥275,462.83, indicating a decrease of approximately 17.1%[63]. - The company reported investment income of ¥454,007.63, which is a decrease from ¥982,131.52 in the same period last year, reflecting a decline of about 53.8%[63].