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].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 19,001,918,664.71, representing a 16.50% increase compared to CNY 16,309,967,031.15 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 389,266,749.09, a 34.49% increase from CNY 289,442,272.51 in the previous year[18]. - Basic earnings per share for the first half of 2019 were CNY 0.23, up 35.29% from CNY 0.17 in the same period last year[19]. - The diluted earnings per share also stood at CNY 0.23, reflecting a 35.29% increase compared to the previous year[19]. - The total profit reached 707 million yuan, up 69.53% year-on-year, with a net profit attributable to shareholders of 389 million yuan, resulting in earnings per share of 0.23 yuan[35]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 384,194,017.51, which is a 39.22% increase from CNY 275,964,369.44 in the same period last year[18]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -1,289,634,671.76, a significant decrease of 183.10% compared to CNY 1,551,983,092.84 in the same period last year[18]. - The total assets of the company at the end of the reporting period were CNY 80,836,026,030.41, reflecting a 7.00% increase from CNY 75,546,003,325.67 at the end of the previous year[18]. - The total liabilities increased to CNY 68.67 billion, up from ¥63.69 billion, reflecting a growth of 7.73%[108]. - Current assets totaled approximately ¥62.31 billion, an increase of 7.83% from ¥57.95 billion in December 2018[106]. - Cash and cash equivalents increased to ¥11.74 billion from ¥8.53 billion, representing a growth of 37.76%[106]. Operational Highlights - The company operates in multiple sectors including construction engineering, infrastructure investment, and real estate development, with a focus on integrated services[22]. - The company signed new contracts worth 21.449 billion yuan in engineering construction, a decrease of 12.39% year-on-year, with a significant increase of 80.3% in the second quarter compared to the first quarter[36]. - The company completed 1,471 bidding projects on the centralized procurement platform, with a total bid amount of 10.547 billion yuan, achieving a cost reduction of 6.61% compared to the control price[37]. - The company has established a complete industrial chain in the construction sector, covering various services from design to construction and material supply[31]. Market and Industry Trends - The construction industry saw a 5.5% year-on-year increase in value added, although this growth rate was 0.8 percentage points lower than the GDP growth rate[29]. - The company is leveraging the PPP model to expand its infrastructure investment business, transitioning from a focus solely on construction to a dual model of investment and construction[25]. - The government is expected to focus on infrastructure investment as a key strategy for economic growth, which may benefit the company's future projects[30]. Risks and Challenges - The company is facing macroeconomic risks due to a tightening external economic environment and ongoing downward pressure on economic growth[55]. - Market expansion is becoming increasingly difficult as the construction industry experiences slower growth and larger enterprises are capturing more market share, indicating a "Matthew effect" in the industry[55]. - The company is experiencing financial risks due to high capital occupation and slow cash flow recovery, particularly in real estate and infrastructure investments which require significant upfront capital[56]. Corporate Governance and Compliance - The company has not proposed any cash dividends, stock bonuses, or capital reserve transfers for the mid-year period, indicating a focus on retaining earnings[59]. - The company guarantees that its senior management will work exclusively for Anhui Water Conservancy and will not hold positions in other companies controlled by the parent[63]. - The company has committed to maintaining an independent operational structure for its subsidiaries, ensuring no interference from controlling parties in management decisions[65]. Social Responsibility and Community Engagement - The company plans to invest no less than 1.5 million RMB in poverty alleviation efforts in the paired assistance villages of Jiugu Village and Zhifeng Village, focusing on infrastructure, collective industries, and education support[82]. - The company has achieved significant poverty alleviation results, with Jiugu Village and Zhifeng Village successfully evaluated and removed from poverty lists in 2016 and 2018 respectively[87]. - The company emphasizes the importance of social responsibility and plans to continue its poverty alleviation efforts in various areas such as industry, employment, and education[88]. Legal Matters - The company is involved in significant litigation matters, including a civil lawsuit with a claim amount of RMB 4,122.54 million, which has been adjudicated with a judgment in favor of the company[71]. - Another civil lawsuit involves a claim amount of RMB 20,535.02 million, which is still pending and may impact the company's financial position[71]. - The company has a pending civil lawsuit with a claim amount of RMB 8,890.49 million, which is also unresolved and could affect future financial assessments[72]. Shareholder Information - The largest shareholder, Anhui Construction Group, holds 556,265,118 shares, representing 32.32% of total shares[98]. - The employee stock ownership plan involved 2,190 participants with a total subscription amount of 505.20 million RMB, resulting in the issuance of 77,247,706 shares[75]. - The total number of restricted shares at the beginning of the period was 810,430,249, with no new restrictions added during the reporting period[94].

Financial Performance - Operating revenue for the first quarter was ¥7.18 billion, a decrease of 2.74% year-on-year[17]. - Net profit attributable to shareholders was ¥110.20 million, reflecting a slight increase of 0.51% compared to the same period last year[17]. - Basic earnings per share decreased by 12.50% to ¥0.07 from ¥0.08 in the same quarter last year[17]. - Total operating revenue for Q1 2019 was ¥7,180,728,197.09, a decrease of 2.73% compared to ¥7,382,935,775.97 in Q1 2018[47]. - Net profit for Q1 2019 was ¥113,122,768.18, an increase of 4.52% from ¥107,883,557.87 in Q1 2018[48]. - Operating profit for Q1 2019 was ¥24 million, down 40% from ¥40 million in Q1 2018[52]. - Net profit for Q1 2019 was ¥16 million, a decline of 47.1% from ¥30 million in Q1 2018[52]. - Total comprehensive income for Q1 2019 was approximately ¥12.69 million, down from ¥24.95 million in Q1 2018[55]. Cash Flow - Net cash flow from operating activities was negative at ¥2.28 billion, compared to a negative ¥161.68 million in the previous year[17]. - Cash flow from operating activities showed a net outflow of approximately ¥2.28 billion, compared to a net outflow of ¥161 million in Q1 2018[59]. - Cash flow from investing activities resulted in a net outflow of approximately ¥27 million, an improvement from a net outflow of ¥757 million in Q1 2018[59]. - Cash flow from financing activities generated a net inflow of approximately ¥3.31 billion, significantly higher than the net inflow of ¥1.28 billion in Q1 2018[59]. - Cash inflow from financing activities in Q1 2019 was 2,138,828,148.91, compared to 2,394,703,755.04 in Q1 2018[64]. - The company reported a decrease in cash outflow for operating activities, which was 3,440,220,190.19 in Q1 2019 compared to 4,783,336,271.98 in Q1 2018[61]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥76.42 billion, an increase of 1.15% compared to the end of the previous year[17]. - The company's total assets increased to ¥58.55 billion from ¥57.95 billion, reflecting a growth of 1.04%[32]. - Total liabilities increased to ¥64.45 billion from ¥63.69 billion, reflecting a growth of about 1.19%[37]. - Non-current liabilities rose to ¥15.03 billion, compared to ¥11.75 billion, indicating an increase of about 27.5%[37]. - Current liabilities decreased to ¥49.42 billion from ¥51.94 billion, reflecting a reduction of approximately 4.85%[36]. - Long-term borrowings increased to ¥13.30 billion from ¥10.51 billion, indicating a growth of approximately 26.5%[37]. - Accounts receivable decreased to ¥7.14 billion from ¥8.18 billion, a decline of approximately 12.7%[41]. - Inventory decreased to ¥2.10 billion from ¥2.63 billion, representing a reduction of about 20.2%[41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 72,868[20]. - The largest shareholder, Anhui Construction Group Holding Co., Ltd., held 32.32% of the shares[20]. - Shareholders' equity rose to ¥11.96 billion from ¥11.86 billion, showing an increase of approximately 0.84%[37]. Other Financial Metrics - The weighted average return on net assets decreased by 0.39 percentage points to 0.98%[17]. - The company reported non-recurring gains and losses totaling ¥5.36 million for the quarter[19]. - Interest income surged by 680.61%, reaching ¥172.38 million, primarily due to increased income from financial asset accounting[26]. - The total investment income decreased by 43.85% to ¥5.14 million, mainly due to reduced earnings from joint ventures and associates[26]. - The company reported a tax expense of ¥51,436,003.84 for Q1 2019, compared to ¥48,478,497.18 in Q1 2018, indicating an increase of 4.00%[48]. - Research and development expenses for Q1 2019 were ¥20,413,647.48, up from ¥16,665,265.70 in Q1 2018, reflecting a growth of 22.00%[47].

Financial Performance - The company's operating revenue for 2018 was approximately ¥38.83 billion, representing a 9.51% increase compared to ¥35.46 billion in 2017[24]. - The net profit attributable to shareholders for 2018 was approximately ¥799.94 million, a 2.38% increase from ¥781.34 million in 2017[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥771.72 million, showing a significant increase of 20.53% from ¥640.25 million in 2017[24]. - The company's total assets at the end of 2018 were approximately ¥75.55 billion, an 18.96% increase from ¥63.51 billion at the end of 2017[24]. - The net assets attributable to shareholders increased by 16.80% to approximately ¥9.06 billion from ¥7.75 billion in 2017[24]. - The basic earnings per share for 2018 was ¥0.46, a decrease of 8.00% compared to ¥0.50 in 2017[27]. - The weighted average return on net assets for 2018 was 10.36%, down 2.09 percentage points from 12.45% in 2017[27]. - The company reported a net cash flow from operating activities of approximately -¥2.06 billion for 2018, an improvement from -¥9.23 billion in 2017[24]. - The total profit for the year was 1.17 billion RMB, an increase of 1.99% compared to the previous year, with net profit attributable to shareholders reaching 800 million RMB, up 2.38%[49]. - The company achieved an annual operating revenue of 38.83 billion RMB, representing a year-on-year growth of 9.51%[49]. Dividend Policy - The company plans to distribute a cash dividend of 1.5 CNY per 10 shares, totaling 258.17 million CNY for the year 2018[6]. - The proposed dividend for 2018 is 1.5 CNY per 10 shares, amounting to a total cash dividend of 25.82 million CNY, with no bonus shares issued[158]. - The company has maintained a cash dividend policy, distributing a total of 17.53 million CNY in cash dividends over the past three years, which is 39.17% of the average distributable profit[158]. - The company’s net profit attributable to shareholders in 2018 was 79.99 million CNY, with a dividend payout ratio of 32.27%[159]. 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 risk awareness in forward-looking statements regarding future plans and strategies[7]. - The company aims to mitigate major risks by strengthening budget management and reducing financing costs, while closely monitoring financial risks[149]. - The company emphasizes risk management to prevent liquidity and debt default risks, ensuring safe and healthy development[148]. - The construction industry faces significant market risks due to low entry barriers and increasing competition, leading to compressed profit margins[150]. - The company has experienced financial risks due to high capital requirements and slow cash flow recovery in real estate and infrastructure investments[150]. Operational Activities - The company has established a comprehensive information disclosure system to ensure transparency and compliance with regulatory requirements[20]. - The company is engaged in various sectors including construction, infrastructure investment, and real estate development, focusing on comprehensive engineering services[34]. - The company has established a comprehensive industrial chain in the construction sector, covering various areas including housing construction, public works, water conservancy, and bridge construction, enhancing its competitive edge[45]. - The company operates seven hydropower stations with a total installed capacity of 246,100 KW and an annual designed power generation of approximately 1 billion KWH[41]. - The company is transitioning from traditional construction to investment operations, focusing on PPP and EPC projects to extend its business model[45]. - The company has implemented centralized procurement for major construction materials, improving cost control and supplier relationships[45]. Project and Contract Management - The company signed 276 new construction contracts with a total value of 52.52 billion RMB, with an average contract value growth of 31.45% year-on-year[49]. - The company completed 12 PPP projects during the year, with a total of 40 ongoing PPP projects[48]. - The company has a total of 873 ongoing projects with a total amount of RMB 13,177,877.65 million, including 258 in housing construction and 351 in infrastructure engineering[79]. - The total amount of unfinished projects is RMB 14,343,217.03 million, with 918 projects remaining[85]. - Infrastructure engineering revenue accounted for 46.58% of total revenue in 2018, while housing construction revenue accounted for 32.46%[88]. Safety and Compliance - The company maintained a 100% safety training rate for employees and achieved a 100% rectification rate for major safety hazards, with no significant safety incidents reported during the year[48]. - The company has established a three-tier quality management system and has been certified under ISO9001:2016, ensuring effective quality control[92]. - The company received several prestigious awards, including the George R. Richardson Award and the Zhan Tianyou Award, indicating high-quality project execution[95]. - The company has committed to resolving existing property defects, with a preliminary estimated cost of 314.0723 million RMB for addressing non-productive personnel expenses related to the merger involving 5,818 individuals[175]. Investments and Financial Activities - The total amount of equity investment in 2018 reached CNY 4,685,580,000, an increase of CNY 2,137,475,866, or 83.9% compared to the previous year[100]. - The company has invested 144,000,000 RMB in bank wealth management products using idle self-owned funds, with no overdue amounts[198]. - The company has issued a total of 54,000,000 RMB in short-term loans from its own funds, with no overdue amounts[199]. - The company is transferring receivables worth RMB 529 million to a related party for factoring financing to improve capital efficiency[192]. Legal and Regulatory Matters - The company is involved in multiple civil lawsuits, with a total amount involved of approximately RMB 4,122.54 million, RMB 20,535.02 million, and RMB 8,890.49 million for different cases[183][186][186]. - The company has ongoing civil litigation with amounts involved of RMB 5,464.65 million and RMB 6,767.47 million, with some cases still pending[186][186]. - The company has a pending case involving RMB 17,323.36 million, with a first-instance judgment requiring payment, but the plaintiff has appealed[186]. - The company has a total of RMB 5,021.11 million involved in a lawsuit regarding unpaid project funds and interest[186]. Corporate Governance - The company has engaged Huapu Tianjian Accounting Firm for auditing services, with a fee of 3.25 million RMB for the current year[180]. - The company has been audited by the same accounting firm for 16 years, ensuring consistency in financial reporting[180]. - The company guarantees the independence of Anhui Water Conservancy's management and financial operations, ensuring no overlap with the controlling party's other enterprises[165]. - The company has established a commitment to transparency in related party transactions, ensuring fair pricing and compliance with legal regulations[165].

2018 年第三季度报告 公司代码：600502 公司简称：安徽水利 安徽水利开发股份有限公司 2018 年第三季度报告 1 / 20 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2018 年第三季度报告 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 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 许克顺 | 董事 | 因工作原因 | 童宗胜 | 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。 单位：元 币种：人民币 | | 本报告期末 | | 上年度末 | | 本报告期末比上年度 ...