Financial Performance - In 2021, the company distributed a total profit of 430.29 million CNY, with a cash dividend of 2.5 CNY per 10 shares[6]. - The company's operating revenue for 2021 was CNY 71.34 billion, a 25.22% increase from CNY 56.97 billion in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 1.10 billion, reflecting a 34.32% increase compared to CNY 815.79 million in 2020[23]. - The total assets at the end of 2021 amounted to CNY 126.88 billion, a 19.91% increase from CNY 105.81 billion at the end of 2020[23]. - The basic earnings per share for 2021 was CNY 0.64, up 36.17% from CNY 0.47 in 2020[23]. - The weighted average return on equity for 2021 was 10.41%, an increase of 1.40 percentage points from 9.01% in 2020[23]. - The total profit reached 1.80 billion RMB, growing by 4.53% compared to the previous year[66]. - The net profit attributable to shareholders was 1.10 billion RMB, reflecting a significant increase of 34.32% year-on-year[66]. Risk Management - The company reported no significant risks affecting future development strategies or ongoing operations during the reporting period[8]. - The company has outlined potential risks in its management discussion and analysis section[8]. - The company maintained a strong focus on risk management, implementing measures to mitigate financial risks and ensuring the safety of operations during the pandemic[32]. - The company faces macroeconomic risks that could impact its core businesses, including infrastructure investment and real estate development[128]. - The company is exposed to financing risks due to large capital expenditures and potential cash flow issues from delayed settlements[128]. - The company will implement comprehensive risk management strategies to mitigate various operational risks[128]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, with no significant discrepancies noted during the reporting period[131]. - The board of directors includes 3 independent directors, constituting 1/3 of the total board members, in line with regulatory requirements[134]. - The company has committed to maintaining transparency in information disclosure, ensuring accurate and timely communication with shareholders[134]. - The performance evaluation and incentive mechanisms for senior management have been established, with a dedicated committee overseeing compensation policies[134]. - The company has taken steps to protect the rights of minority shareholders, ensuring equal treatment and access to information[134]. Market Expansion and Development - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[31]. - The company aims to achieve an annual output value of CNY 200 billion for the prefabricated building industry chain by 2025[3]. - The company is exploring new strategies for market expansion and technological development in the construction sector[118]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[151]. - The company aims to enhance its market development system, focusing on securing large and quality projects to increase order volume and quality[125]. Innovation and R&D - The company received 39 invention patents and 260 utility model patents during the reporting period, showcasing its commitment to innovation[35]. - Research and development expenses surged by 70.36%, amounting to approximately 1.20 billion RMB, due to the initiation of multiple new R&D projects[68]. - The company is engaged in the research and development of new green products, including mechanism sand and mechanism concrete application technology[198]. - The company aims to leverage innovation to upgrade product technology, focusing on smart construction and green technology[125]. Environmental Commitment - The company is committed to environmental protection and has established management systems for wastewater, dust, noise, light pollution, soil protection, and construction waste control[198]. - The company has created 19 projects recognized as "AAA-level environmental demonstration units" and "AAA-level environmental construction demonstration sites" by the Anhui Provincial Environmental Protection Industry Development Promotion Association[198]. - The company operates seven hydropower stations, contributing to the provision of clean energy and plans to actively participate in hydropower investment and construction in the future[198]. Employee and Management Practices - The company has a comprehensive talent pool of 9,623 professionals, including 1,742 with senior titles and 5,006 with various professional qualifications[61]. - The company plans to conduct 431 training sessions in 2022, aiming to train 40,506 participants[184]. - The compensation policy includes four main forms: annual salary system, performance-based salary system, commission-based system, and contractual salary system[181]. - The company has established a compensation and assessment plan for senior management, linking their remuneration to company performance[161]. Project and Contract Performance - The total amount of new contracts signed during the reporting period was CNY 75.90 billion[98]. - The total amount of orders on hand at the end of the reporting period was CNY 207.21 billion[98]. - The company completed 216 projects during the reporting period, with a total value of CNY 3.16 billion[94]. - The company has 671 ongoing projects with a total value of CNY 20.72 billion[96].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥18,065,282,022.99, representing a year-on-year increase of 25.38%[7] - Net profit attributable to shareholders was ¥291,478,299.43, a significant increase of 166.53% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥284,149,377.37, reflecting a year-on-year growth of 246.11%[7] - Basic earnings per share for the quarter were ¥0.17, up 183.33% year-on-year[9] - The company's net profit for the current period reached CNY 1,153,504,265.93, compared to CNY 824,328,156.80 in the previous period, representing an increase of approximately 39.9%[30] - Operating profit for the current period was CNY 1,502,390,364.35, up from CNY 1,132,533,708.08, indicating a growth of about 32.7%[30] - The total comprehensive income for the current period was CNY 1,145,107,854.93, compared to CNY 821,949,451.84 in the previous period, indicating a growth of about 39.3%[32] Revenue and Costs - The total operating revenue for the first three quarters of 2021 reached ¥49,720,179,188.63, an increase from ¥38,024,014,145.86 in the same period of 2020, representing a growth of approximately 30.5%[29] - The total operating costs for the first three quarters of 2021 were ¥48,069,631,142.31, compared to ¥36,711,581,392.23 in 2020, indicating an increase of about 30.9%[29] - The increase in operating revenue was primarily driven by growth in construction and building materials sales[11] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥118,021,907,740.40, an increase of 11.54% from the end of the previous year[9] - The total current assets as of September 30, 2021, amounted to ¥78,556,302,373.84, up from ¥72,302,215,878.00 at the end of 2020, reflecting a growth of approximately 8.5%[22] - The total non-current assets increased to ¥39,465,605,366.56 as of September 30, 2021, from ¥33,504,454,112.16 at the end of 2020, marking an increase of about 17.7%[25] - The total liabilities as of September 30, 2021, were ¥99,296,577,327.39, compared to ¥88,465,181,695.11 at the end of 2020, which is an increase of approximately 12.9%[26] - The total equity attributable to shareholders as of September 30, 2021, was ¥10,517,835,114.09, up from ¥10,166,956,350.95 at the end of 2020, indicating a growth of about 3.4%[27] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥5,664,889,125.44, but improved by 23.59% year-on-year[7] - The company reported a net cash outflow from operating activities of CNY -5,664,889,125.44, an improvement from CNY -7,381,271,462.79 in the previous period[36] - The net cash flow from investing activities was -481,238,894.68 RMB, a significant decrease compared to 170,511,519.57 RMB in the previous period[39] - Total cash inflow from financing activities reached 24,500,213,033.36 RMB, up from 20,652,692,108.93 RMB year-over-year[39] - The net cash flow from financing activities decreased to 4,941,145,520.87 RMB from 7,344,557,436.24 RMB in the previous period[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,110[15] - Total equity attributable to shareholders reached approximately ¥10.17 billion[47] - The company reported an undistributed profit of approximately ¥3.41 billion[47] - Minority interests accounted for approximately ¥7.17 billion[47] Other Financial Metrics - The weighted average return on equity increased by 1.46 percentage points to 2.61% for the quarter[9] - Research and development expenses increased to CNY 712,280,277.76 from CNY 419,744,553.56, reflecting a rise of approximately 69.7%[30] - The company's financial expenses decreased slightly to CNY 1,132,996,410.25 from CNY 1,151,949,509.69, a reduction of about 1.6%[30] - The investment income from associates and joint ventures was CNY 22,622,509.48, down from CNY 41,831,265.91, reflecting a decline of approximately 45.9%[30] - Other income increased to CNY 12,855,865.73 from CNY 6,599,930.07, showing an increase of about 94.5%[30]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 1.2 billion CNY, representing a 15% growth compared to the same period in 2020[20]. - Net profit for the first half of 2021 was 150 million CNY, an increase of 20% year-over-year, indicating strong operational performance[20]. - The company's operating revenue for the first half of 2021 reached CNY 31,654,897,165.64, representing a 34.04% increase compared to CNY 23,615,222,916.88 in the same period last year[24]. - Net profit attributable to shareholders was CNY 576,563,959.95, up 23.01% from CNY 468,722,071.27 year-on-year[24]. - The total profit reached 1.045 billion RMB, completing 55% of the annual budget, with a year-on-year increase of 26.45%[58]. - The net profit attributable to shareholders was 577 million RMB, reflecting a year-on-year growth of 23.01%[58]. - The basic earnings per share for the first half of 2021 were CNY 0.33, a 22.22% increase from CNY 0.27 in the same period last year[24]. - The company reported a total of ¥74,225.80 million in equity investments, a 62.9% increase from ¥45,566.23 million in the same period last year[67]. Market Expansion and Strategy - The company has expanded its user base by 10%, now serving over 500,000 active users, reflecting successful marketing strategies and customer engagement initiatives[20]. - Future outlook remains positive, with the company projecting a revenue growth of 12% for the second half of 2021, driven by new project acquisitions and market expansion efforts[20]. - Market expansion plans include entering two new provinces by the end of 2021, which is expected to contribute an additional 200 million CNY in revenue[20]. - The company is actively involved in various engineering projects, including public works and environmental projects, indicating a strategy for market expansion[29]. - The company is focusing on the "investment + construction general contracting" business model to strengthen its infrastructure investment business[4]. - The company is actively expanding its prefabricated construction business in response to national policies promoting modern construction methods[4]. - The company plans to enhance market development and optimize business structure in the second half of 2021[54]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 100 million CNY for the development of new technologies and products aimed at enhancing service delivery[20]. - Research and development expenses increased by 52.05% to ¥350,168,385.52, up from ¥230,300,745.23, driven by an increase in high-tech enterprises and R&D investment[61]. - The company has accumulated 930 patents and received 30 provincial science and technology awards, showcasing its strong technological innovation capabilities[45]. - The company has obtained 29 invention patents and 93 utility model patents in the first half of 2021, reflecting its commitment to innovation[54]. Operational Efficiency - The company emphasizes cost control through centralized procurement of key materials, enhancing its operational efficiency[48]. - The company has implemented a centralized management system to enhance resource allocation and control operational costs[51]. - The company has established long-term partnerships with major groups like China State Construction and China Communications Construction, enhancing its market reach[4]. Risk Management - The management has identified potential risks, including regulatory changes and market competition, but remains confident in the company's strategic positioning[20]. - The company has a risk management framework in place to address various risks, including financial, operational, and safety risks[79]. - The company faces macroeconomic risks that could impact its engineering construction, infrastructure investment, and real estate development businesses due to external factors[76]. - The company has identified project investment risks, particularly in PPP and real estate projects, which are characterized by large investment scales and long construction periods[76]. Environmental and Social Responsibility - The company has established a comprehensive environmental management system, focusing on pollution prevention across various areas such as wastewater, dust, and noise control[92]. - The company is actively developing clean energy projects, with seven hydropower stations currently in operation, contributing to the national clean energy supply[92]. - The company has implemented measures to reduce carbon emissions, including the development of near-zero energy building standards and green construction technologies[93]. - The company has provided targeted assistance to 20 households in need, distributing CNY 20,000 in aid, and has organized the purchase of 5,200 pounds of fresh peaches to support local farmers[94]. - The company has received recognition for its efforts in poverty alleviation, with its affiliated team being awarded as a "National Advanced Collective in Poverty Alleviation"[94]. Legal and Compliance Issues - The company is involved in significant litigation, with a total amount of 6,467.59 million RMB related to arbitration against Geermu Ningliang Real Estate Co., Ltd. for unpaid project payments[110]. - The company has a pending civil lawsuit against Bengbu Tianhu Real Estate Co., Ltd. for 9,964.10 million RMB, with a recent ruling ordering the payment of 8,558.97 million RMB plus interest[110]. - The company has reported a total of 5,021.11 million RMB in claims against Anhui Jin Hong Chuang Ye Investment Co., Ltd., with a recent court ruling requiring payment of 1,331.91 million RMB plus interest[114]. - The company has committed to resolving existing property defects and will actively address any legal claims or administrative penalties related to these issues, ensuring minimal impact on operations[100]. - The company will ensure compliance with legal and regulatory requirements in all significant related transactions[103].

Financial Performance - Operating revenue surged by 112.67% to CNY 14.11 billion year-on-year[12] - Net profit attributable to shareholders rose by 338.55% to CNY 291.09 million compared to the same period last year[12] - Basic earnings per share increased by 325.00% to CNY 0.17 per share[12] - Total revenue for the period reached ¥14,112,509,238.66, a 112.6% increase compared to ¥6,635,755,069.95 in the previous period[17] - Net profit for the period was ¥361,798,991.38, a significant increase of 354.94% from ¥79,526,677.40 in the previous period[19] - Total operating revenue for Q1 2021 reached ¥14,112,509,238.66, a significant increase from ¥6,635,755,069.95 in Q1 2020, representing a growth of approximately 112.3%[43] - The net profit attributable to shareholders of the parent company for the first quarter of 2021 was CNY 291.09 million, compared to CNY 66.37 million in the first quarter of 2020, marking an increase of approximately 338.5%[49] - The total profit for the first quarter of 2021 was CNY 481.92 million, compared to CNY 113.51 million in the first quarter of 2020, indicating an increase of approximately 324.5%[46] Cash Flow - Net cash flow from operating activities improved by 9.05% to CNY -2.93 billion year-to-date[12] - Cash inflow from operating activities for Q1 2021 was CNY 19.43 billion, up from CNY 12.00 billion in Q1 2020, representing a 62.4% increase[56] - Cash outflow from operating activities for Q1 2021 totaled CNY 22.37 billion, compared to CNY 15.23 billion in Q1 2020, an increase of 47.0%[56] - Net cash flow from operating activities for Q1 2021 was -CNY 2.93 billion, an improvement from -CNY 3.22 billion in Q1 2020[56] - Cash inflow from financing activities in Q1 2021 was CNY 10.50 billion, an increase from CNY 8.51 billion in Q1 2020, representing a 23.2% growth[58] - Net cash flow from financing activities for Q1 2021 was CNY 4.68 billion, compared to CNY 4.11 billion in Q1 2020, an increase of 13.5%[58] Assets and Liabilities - Total assets increased by 4.52% to CNY 110.58 billion compared to the end of the previous year[12] - Cash and cash equivalents at the end of the period amounted to ¥11,168,855,184.46, a 46.53% increase from ¥7,621,998,127.06[21] - The total current liabilities were ¥63.44 billion, slightly down from ¥64.17 billion, a reduction of about 1.1%[31] - Long-term borrowings increased to ¥27.70 billion from ¥22.93 billion, marking a rise of approximately 20.1%[33] - The total liabilities increased to ¥23,532,572,420.84 from ¥23,242,063,970.96, marking an increase of approximately 1.25%[39] - The total current liabilities included accounts payable of RMB 26,603,115,108.90, reflecting the company's operational obligations[69] Shareholder Information - The number of shareholders at the end of the reporting period was 57,531[14] - The largest shareholder, Anhui Construction Group Holdings Co., Ltd., holds 32.32% of shares[14] - The company's equity attributable to shareholders rose to ¥10.52 billion from ¥10.17 billion, an increase of about 3.4%[33] Research and Development - Research and development expenses surged by 140.38% to ¥75,485,897.84, up from ¥31,402,478.28, due to an increase in R&D projects[19] - The company has not disclosed any new product or technology developments in this report[12] - The research and development expenses for the first quarter of 2021 were CNY 0, compared to CNY 27.50 million in the first quarter of 2020, indicating a reduction of 100%[49] Comprehensive Income - The company reported a total comprehensive income of CNY 364.11 million for the first quarter of 2021, compared to CNY 75.02 million in the same period of 2020, representing an increase of about 385.5%[46] - The operating profit for the first quarter of 2021 was CNY 479.87 million, a significant rise from CNY 117.88 million in the first quarter of 2020, showing an increase of approximately 307.5%[46] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]

Financial Performance - The company's operating revenue for 2020 was CNY 56,972,444,417.50, representing a 20.54% increase compared to 2019 [25]. - The net profit attributable to shareholders for 2020 was CNY 815,788,533.84, which is a 36.84% increase from the previous year [25]. - The net cash flow from operating activities for 2020 was -CNY 4,656,337,498.76, showing a 30.48% improvement compared to -CNY 6,698,055,187.30 in 2019 [25]. - The total assets at the end of 2020 were CNY 105,806,669,990.16, a 17.00% increase from the end of 2019 [25]. - The basic earnings per share for 2020 was CNY 0.47, reflecting a 34.29% increase from CNY 0.35 in 2019 [25]. - The weighted average return on equity for 2020 was 9.01%, an increase of 2.48 percentage points compared to 6.53% in 2019 [25]. - The gross profit for 2020 was CNY 6.62 billion, with a gross profit margin of 11.63%, reflecting a decrease of 0.73 percentage points from the previous year [67]. - The total profit reached 1.726 billion yuan, reflecting a year-on-year growth of 35.64%, with a budget completion rate of 119% [55]. - The company’s total revenue for the period reached approximately 84.25 billion CNY, representing an 8.54% increase year-over-year [70]. Dividend Policy - The company plans to distribute a cash dividend of 2 CNY per 10 shares, totaling 344.23 million CNY based on a total share capital of 1,721,160,272 shares as of December 31, 2020 [6]. - The company distributed a cash dividend of 0.15 CNY per share in 2019, totaling 258.17 million CNY, based on a total share capital of 1,721,160,272 shares [145]. - In 2020, the company proposed a cash dividend of 2 CNY per 10 shares, amounting to 344.23 million CNY, with a net profit of 815.79 million CNY, resulting in a payout ratio of 42.20% [146]. - The company has consistently paid cash dividends for three consecutive years from 2018 to 2020, distributing a total of 688.46 million CNY, which is 94.65% of the average distributable profit over the last three years [145]. Risk Management - The company reported no significant risks affecting its future development strategy or ongoing operations during the reporting period [8]. - The company has not identified any non-operating fund occupation by controlling shareholders or related parties [8]. - The company has not faced any violations of decision-making procedures regarding external guarantees [8]. - The company has a comprehensive risk management framework in place to address various risks, including project management and environmental compliance [142]. - The company has implemented measures to strengthen risk management, including enhancing financial structure and optimizing funding channels to mitigate liquidity and debt default risks [142]. Operational Highlights - The company has committed to ensuring the accuracy and completeness of the financial report in the annual report [4]. - The company has not proposed any capital reserve transfer to increase share capital for the reporting period [6]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity of the annual report [8]. - The company has detailed potential operational risks in the report, which can be found in the section discussing operational conditions [8]. - The company operates 7 hydropower stations with a total installed capacity of 246,100 KW and an annual designed power generation of approximately 1 billion KWH [35]. Market Expansion and Business Development - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [27]. - The company is actively expanding its business into provinces such as Shaanxi, Shandong, Jiangxi, and Henan, enhancing its market presence [35]. - The company has established 2 prefabricated construction production bases and is constructing 1 more, with a planned annual output of 160,000 cubic meters of precast components [35]. - The company has a strong focus on risk prevention and investment safety in its real estate development projects [34]. - The company aims to have prefabricated buildings account for 30% of new construction area by 2025, as per national policy [41]. Legal and Compliance Matters - The company is currently involved in a legal arbitration case with a claim amount of CNY 6,467.59, which has been resolved with a ruling requiring the opposing party to pay CNY 1,677.43 and retain a guarantee amount of CNY 645.68 [168]. - The company has ongoing litigation involving claims totaling CNY 5,021.11, with a first-instance ruling requiring payment of CNY 1,748.53, and the case is currently under appeal [171]. - The company has no major litigation or arbitration matters that could impact its financial position significantly [168]. - The company has appointed Rongcheng Accounting Firm for auditing services, with an audit fee of CNY 350,000 for 18 years [165]. Corporate Social Responsibility - The company has invested a total of 1.6751 million RMB in targeted poverty alleviation efforts, focusing on collective industries and public facility construction in designated villages [198]. - The company helped 12 registered impoverished individuals to escape poverty through its initiatives [199]. - The company contributed 20 million RMB to a central enterprise poverty alleviation fund, aimed at developing revolutionary old areas [198]. - The company has actively participated in educational support initiatives, increasing its assistance fund for impoverished students to 100,000 RMB [197].

2020 年第三季度报告 公司代码：600502 公司简称：安徽建工 安徽建工集团股份有限公司 2020 年第三季度报告 1 / 27 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 27 2020 年第三季度报告 单位：元币种：人民币 3 / 27 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人王厚良、主管会计工作负责人徐亮及会计机构负责人（会计主管人员）刘强保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|---------------------------------- ...

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2020, representing a year-on-year increase of 15% compared to the same period in 2019[15]. - Net profit attributable to shareholders reached 200 million CNY, up 10% from the previous year[15]. - The company's operating revenue for the first half of the year reached ¥23.62 billion, an increase of 24.28% compared to the same period last year[19]. - Net profit attributable to shareholders was ¥468.72 million, reflecting a growth of 20.41% year-over-year[19]. - The total profit reached 827 million yuan, an increase of 16.89% compared to the previous year, while the net profit attributable to shareholders was 468 million yuan, up 20.41% year-on-year[52]. - The company achieved operating revenue of 23.615 billion yuan in the first half of 2020, representing a year-on-year growth of 24.28%[52]. - The gross profit margin for the engineering construction business improved to 9.91%, an increase of 2.28 percentage points year-on-year[54]. - The company's real estate business recorded revenue of 5.057 billion yuan, a 46.24% increase year-on-year, but the gross profit margin decreased to 10.15%, down 10.48 percentage points[57]. - The company reported a net profit for the first half of 2020 of CNY 608,257,593.40, representing a 35.5% increase from CNY 448,796,285.08 in the previous year[155]. Market Expansion and Contracts - The company has secured new contracts worth 3 billion CNY during the reporting period, indicating strong market demand[15]. - Future guidance indicates a projected revenue growth of 18% for the full year 2020, driven by ongoing projects and new contracts[15]. - The company plans to expand its market presence in the eastern region of China, targeting a 25% growth in regional revenue by the end of 2021[15]. - The company signed new contracts worth 30.5 billion yuan in the construction business, marking a year-on-year increase of 42.49%[52]. Operational Efficiency and Development - User data shows a 20% increase in project completions compared to the first half of 2019, reflecting improved operational efficiency[15]. - New product development initiatives include the introduction of eco-friendly construction materials, expected to launch in Q4 2020[15]. - The company has established a prefabricated construction production base with an annual capacity of 160,000 cubic meters, contributing to its expansion in the prefabricated building sector[30]. - The company aims for prefabricated buildings to account for 15% of new construction area by the end of 2020 and 30% by 2025[41]. Financial Position and Assets - The company's total assets increased by 4.56% to ¥94.56 billion compared to the end of the previous year[19]. - The company's total current assets as of June 30, 2020, amounted to ¥66,086,303,950.84, a slight decrease from ¥66,251,221,654.67 at the end of 2019[139]. - The total liabilities rose to ¥79.53 billion, an increase of 4.9% from ¥76.11 billion[144]. - The company's equity attributable to shareholders reached ¥8.83 billion, up from ¥8.51 billion, a growth of about 3.8%[144]. Risk Management - The company has identified potential risks related to supply chain disruptions but has implemented strategies to mitigate these risks[15]. - The company faces macroeconomic risks that could impact its main businesses, including engineering construction and real estate development[75]. - The company emphasizes the importance of cash flow management to mitigate financial liquidity risks[75]. - The company is committed to enhancing its risk management and internal control systems to navigate various operational risks[75]. Corporate Governance and Compliance - The board has approved a profit distribution plan, with no plans for capital increase through reserves at this time[15]. - The company has not reported any changes in the board of directors or senior management during the reporting period[132]. - The company guarantees that it will not use its controlling position to influence financial, personnel, or operational decisions of the subsidiaries[91]. - The company will ensure compliance with legal decision-making processes for any future related party transactions[85]. Social Responsibility and Community Engagement - The company actively participates in poverty alleviation efforts, focusing on education and employment initiatives in targeted impoverished areas[113]. - The company invested CNY 125,600 in targeted poverty alleviation efforts, focusing on pandemic prevention and support for impoverished households and students[117]. - The company contributed CNY 20 million to a central enterprise industry poverty alleviation fund, primarily aimed at development in revolutionary areas like Dabie Mountain[117]. - The company achieved a "good" rating in the poverty alleviation effectiveness assessment by Anhui Province, indicating successful progress in helping targeted villages[119]. Legal Matters - 报告期内，涉及金额为6,467.59万元的民事诉讼，尚未审结，影响暂时无法判断[97]. - 报告期内，涉及金额为17,323.36万元的民事诉讼已审结，安徽三建不承担责任[97]. - 报告期内，涉及金额为9,964.10万元的民事诉讼，尚未审结，影响暂时无法判断[100]. - 报告期内，涉及金额为5,021.11万元的民事诉讼，尚未审结，影响暂时无法判断[100].

2020 年第一季度报告 公司代码：600502 公司简称：安徽建工 安徽建工集团股份有限公司 2020 年第一季度报告 1 / 25 2020 年第一季度报告 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 目录 2 / 25 2020 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人王厚良、主管会计工作负责人徐亮及会计机构负责人（会计主管人员）刘强保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-----------------------------------------------|-------------------|----------|----------------------|---------------- ...

Financial Performance - The company's operating revenue for 2019 was CNY 47.27 billion, an increase of 21.73% compared to CNY 38.83 billion in 2018[22]. - The net profit attributable to shareholders for 2019 was CNY 596.16 million, a decrease of 25.47% from CNY 799.94 million in 2018[22]. - The net cash flow from operating activities for 2019 was -CNY 6.70 billion, representing a 225.10% increase in cash outflow compared to -CNY 2.06 billion in 2018[22]. - The total assets at the end of 2019 were CNY 90.44 billion, a 19.71% increase from CNY 75.55 billion at the end of 2018[22]. - The basic earnings per share for 2019 was CNY 0.35, down 23.91% from CNY 0.46 in 2018[23]. - The weighted average return on equity for 2019 was 6.53%, a decrease of 3.83 percentage points from 10.36% in 2018[23]. - The total profit amounted to CNY 1.27 billion, with a growth of 8.88% compared to the previous year[57]. - The company achieved an operating revenue of CNY 47.27 billion in 2019, representing a year-on-year growth of 21.73%[61]. - The cash dividend payout ratio for 2019 was 43.31%, compared to 32.27% in 2018[146]. Investment and Projects - The company completed investments of CNY 9.7 billion in PPP projects during the reporting period[53]. - The company has established a prefabricated construction industrial base in Hefei, which aligns with national policies promoting modern construction[32]. - The company has accumulated 11 Luban Awards, 6 Zhan Tianyou Awards, and 13 National Quality Engineering Awards by the end of 2019[48]. - The company has established 8 high-tech enterprises and received 12 national software copyrights during the year[54]. - The company has a total of 827 ongoing projects with a total amount of RMB 15,565,970,000, including 505 in housing construction and 14 in specialized engineering[85]. - The company signed 241 new projects during the reporting period, amounting to RMB 52,878,000,000[89]. - The company has invested in 31 projects, with significant investments including 20,480 million in Linquan Anjian Traffic Investment Management Co.[112]. Risk Management - The company reported no significant risks affecting future development strategies or ongoing operations during the reporting period[8]. - The company emphasizes the importance of investor awareness regarding risks associated with forward-looking statements in the report[7]. - The company is focused on risk management, aiming to control various risks including financial and operational risks, while optimizing its financial structure[135]. - The company faces macroeconomic risks, including impacts from national economic operations and construction industry competition, which may affect business development[138]. - The company is exposed to project investment risks, particularly in PPP and real estate projects, which are characterized by large investment scales and long construction periods[140]. Corporate Governance - The company received a standard unqualified audit report from Rongcheng Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[4]. - The company’s board of directors and supervisory board members were present at the board meeting for the annual report[5]. - The company has not identified any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has committed to eliminating any potential competition with its controlling shareholder, Jian Gong Holdings, within three years following the completion of the merger[149]. Social Responsibility - The company invested a total of 1.753 million yuan in targeted poverty alleviation, focusing on infrastructure and public service improvements in specific villages[197]. - A total of 234.8 million yuan was allocated for poverty alleviation projects, with 39 individuals lifted out of poverty through these initiatives[200]. - The company provided 1 million yuan in educational support, benefiting 50 impoverished students[200]. - The company is actively involved in a central enterprise industrial poverty alleviation fund, focusing on development in revolutionary old areas[197]. - The company has received recognition for its poverty alleviation efforts, with employees being awarded for their contributions[200]. Legal Matters - 安徽三建 has been involved in multiple civil lawsuits due to unpaid project funds, with claims totaling approximately ¥20,535.02 million from Quanzhou Hongyi Real Estate Development Co., Ltd. and ¥8,890.49 million from Anhui Zhongtong Real Estate Co., Ltd.[170]. - The company is currently involved in ongoing litigation with several other parties, including claims of ¥5,464.65 million against Anhui Longyang Real Estate Co., Ltd. and ¥6,467.59 million against Golmud Ningliang Real Estate Co., Ltd.[171]. - The total amount involved in ongoing lawsuits is significant, with claims reaching up to ¥14,509.91 million against Hainan Nanhai Mingzhu Real Estate Development Co., Ltd.[175]. - The company has been proactive in pursuing legal remedies, including arbitration and mediation, to resolve disputes and recover owed amounts[171]. Research and Development - The company has increased its R&D expenses by 102.35% to CNY 426.24 million, indicating a strong focus on innovation[61]. - Total R&D expenses for the period were ¥426,243,421.26, representing 0.90% of operating revenue, with 1,985 R&D personnel, accounting for 11.97% of total employees[74]. - The company is committed to innovation, investing in key and forward-looking technologies, and accelerating the application of new materials and BIM technology[136]. Financial Instruments and Accounting - The company has implemented new financial instrument standards effective January 1, 2019, leading to adjustments in deferred tax assets of CNY 9,951,191.40 and long-term receivables of CNY -61,978,186.96[166]. - The adjustments due to the new financial instrument standards resulted in a negative impact of CNY -47,564,541.34 on equity attributable to shareholders of the parent company[166]. - The company has not encountered any significant accounting errors during the reporting period, and no adjustments were necessary for prior periods[167].

Financial Performance - Operating revenue for the first nine months rose by 14.27% to CNY 29.36 billion year-on-year[18]. - Net profit attributable to shareholders increased by 21.78% to CNY 527.50 million compared to the same period last year[18]. - The company recorded a net profit excluding non-recurring gains and losses of CNY 516.19 million, up 24.61% year-on-year[18]. - Net profit increased by 37.16% to ¥613,170,353.83, driven by profits from real estate and PPP projects[25]. - Total profit rose by 49.07% to ¥923,204,800.58, mainly due to increased profits from real estate and PPP projects[25]. - The net profit attributable to shareholders for the first three quarters of 2019 was ¥1,277,662,572.15, down from ¥1,503,818,574.41 in the same period of 2018, reflecting a decrease of approximately 15%[47]. - The net profit for Q3 2019 reached ¥168.11 million, compared to ¥217.56 million in the same period last year, indicating a decrease of about 22.8%[60]. - The total profit for Q3 2019 was approximately ¥219.81 million, down from ¥274.41 million in Q3 2018, reflecting a decline of around 20%[60]. - The company's total profit for the first nine months of 2019 was approximately ¥923.20 million, compared to ¥619.30 million in the same period of 2018, reflecting an increase of about 49%[60]. Cash Flow and Liquidity - Net cash flow from operating activities decreased significantly by 1,109.73% to -CNY 4.37 billion year-to-date[18]. - Cash flow from operating activities showed a significant decline of 1109.73% to -¥4,368,189,386.14, primarily due to increased investments in PPP projects[28]. - Cash inflow from operating activities totaled ¥8,804,299,164.68, an increase from ¥7,136,306,570.13 in the previous year[70]. - Cash outflow from investing activities was ¥1,163,543,318.94, a decrease from ¥3,597,510,898.96 in the same period last year, indicating improved investment efficiency[71]. - The net cash flow from financing activities was -¥499,719,207.09, compared to -¥1,723,018.55 in the previous year, reflecting a reduction in cash outflow[72]. - The company received ¥5,013,198,334.59 from borrowings, an increase from ¥3,216,087,849.77 year-over-year, indicating stronger financing capabilities[72]. Assets and Liabilities - Total assets increased by 12.15% to CNY 84.73 billion compared to the end of the previous year[18]. - Total liabilities increased by 54.60% to ¥18,166,111,772.16, mainly due to increased financing for PPP projects[25]. - Total current assets rose from ¥57,952,297,103.57 to ¥64,276,084,093.56, an increase of approximately 10.63%[36]. - Total non-current assets increased from ¥17,593,706,222.10 to ¥20,450,332,936.72, reflecting a growth of about 16.06%[36]. - Total liabilities rose from ¥63,686,461,067.43 to ¥71,390,370,163.43, an increase of approximately 12.93%[39]. - Long-term borrowings surged from ¥10,512,829,458.52 to ¥16,639,913,091.48, reflecting a significant increase of about 58.66%[39]. - Total equity increased from ¥11,859,542,258.24 to ¥13,336,046,866.85, a growth of approximately 12.43%[41]. Research and Development - R&D expenses rose by 48.37% to ¥196,870,624.13, primarily due to increased investment in research and development[25]. - The company reported a significant increase in research and development expenses, which rose to ¥119,451,571.14 from ¥60,460,449.34, representing a growth of approximately 97%[51]. Shareholder Information - The number of shareholders at the end of the reporting period was 63,663, with the largest shareholder holding 32.32%[22]. Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[49].