证券代码：601068 证券简称：中铝国际 公告编号：临 2023-047 中铝国际工程股份有限公司 关于2023年半年度业绩说明会召开情况的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责 任。 中铝国际工程股份有限公司（以下简称公司）于 2023 年 8 月 23 日下 午以现场交流和网络互动的形式召开了 2023 年半年度业绩说明会。主要情 况如下： 一、本次说明会召开情况 （一）会议时间：2023 年 8 月 23 日（周三）16:30-18:00 二、交流的主要问题及公司回复概要 问题 1. 公司会计估计变更后，上半年计提减值准备较多，后续是否有 进一步计提或转回的可能？从历史上看应收账款的回收情况是怎样的？ 答：公司以前年度对合同资产的预期信用风险预估是充分的，2023 年 半年度大幅计提资产减值主要是由于公司为更加准确、客观地反映同一客 户面临的信用风险、财务状况及经营成果，参考同行业上市公司的预期信 用损失测试模型，对合同资产预期信用损失的计提方法进行了变更。后续 公司将会根据合同资产的确权情况以及回收性进行 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1,200 million RMB for the first half of 2023, representing a 15% year-over-year growth[21]. - The company's operating revenue for the first half of the year was 962,205.59 million RMB, a decrease of 8.51% compared to the same period last year[22]. - The net profit attributable to shareholders was -83,064.20 million RMB, representing a decline of 771.80% year-on-year[22]. - The basic earnings per share for the period was -0.30 RMB, a decrease of 850.00% compared to the previous year[23]. - The weighted average return on equity decreased to -18.93%, down 21.02 percentage points from the previous year[24]. - The total assets at the end of the reporting period were 4,185,075.60 million RMB, a decrease of 11.69% from the end of the previous year[22]. - The company reported a total revenue of 1,162,019.6 million RMB, with a net profit of -49,288.88 million RMB, indicating a significant loss[92]. - The company reported a net loss of CNY 281.17 million for the period, compared to a profit of CNY 598.62 million at the end of 2022[178]. Market Outlook and Strategy - The company has provided a positive outlook for the second half of 2023, projecting a revenue growth of 10% to 12% based on current market trends and project pipeline[21]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the region by the end of 2024[21]. - The company is focusing on the non-ferrous metal industry, with a significant increase in new contracts for surveying, design, and equipment manufacturing[45]. - The company is implementing a "technology + international" strategy, enhancing its sustainable development capabilities and ensuring the completion of semi-annual work tasks[45]. Research and Development - New product development initiatives are underway, with an investment of 50 million RMB allocated for R&D in innovative aluminum processing technologies[21]. - The company has applied for over 300 new patents in the first half of 2023, with more than 49% being invention patents, and received over 150 domestic and international patent authorizations[39]. - The company's research and development expenses reached RMB 0.320 billion, with an R&D intensity of 3.33%[63]. - R&D expenses increased by 20.82% to 3.20 billion RMB, reflecting the company's commitment to enhancing core business competitiveness[74]. Operational Challenges and Risks - The company has identified potential risks, including cash flow and market risks, which are detailed in the management discussion section of the report[21]. - The company anticipates a significant risk of price decline in the non-ferrous metal industry in the second half of 2023 due to external economic pressures and weak terminal consumption[36]. - The company faces cash flow risks due to high capital occupation of "two funds," leading to pressure on financial resources[93]. - The company is experiencing operational risks due to the low entry barriers in the construction market and the oversupply in traditional manufacturing, affecting project cost predictions[96]. Sustainability and Compliance - The report highlights a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years through improved operational efficiencies[21]. - The company emphasizes environmental protection and pollution prevention, integrating green development concepts into its operations and adhering to national environmental laws[124]. - The company faced an administrative penalty in October 2022 for environmental issues, but subsequent remediation was deemed satisfactory by the authorities in May 2023[123]. - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange rules throughout the reporting period[116]. Corporate Governance and Management - The board has approved a profit distribution plan, although no specific dividend has been declared for this reporting period[21]. - Zhang Jian resigned as CFO and board secretary on April 3, 2023, and Zhao Hongmei was appointed as the new CFO and board secretary on the same day[112]. - The company has appointed three independent non-executive directors, ensuring adequate professional qualifications and expertise[117]. - The company has established an audit committee responsible for overseeing external audits and internal control systems[118]. Employee and Labor Relations - The company employs 12,594 staff, with 11,728 actively working, of which 35% are management, 50% are engineering technicians, and 11% are production operators[159]. - Employee expenses for the first half of 2023 amounted to RMB 642 million[160]. - The company has established a pension system and other social insurance for employees, ensuring compliance with local regulations[160]. - The company has not experienced any strikes or labor disputes during the reporting period, indicating stable labor relations[160]. Financial Position and Liquidity - The company maintains a strong financial position with a debt-to-equity ratio of 0.5, indicating a balanced approach to financing[21]. - The company's current liabilities stood at RMB 28.984 billion, with accounts payable and notes payable comprising RMB 15.848 billion, indicating a tight liquidity position[82]. - The debt-to-capital ratio increased to 54.74% as of June 30, 2023, from 35.33% at the end of 2022, primarily due to the redemption of USD 350 million perpetual bonds and a significant decrease in cash reserves[86]. - The company reported a net inflow of RMB 803 million from investing activities for the six months ended June 30, 2023, a substantial increase of RMB 2.367 billion year-on-year, mainly from the recovery of equity transfer payments[84]. Contractual and Legal Matters - The company has ongoing litigation cases, including disputes related to construction contracts, with several cases disclosed in July 2023[130]. - The company reported a total of 17,669.55 million RMB in litigation-related liabilities during the reporting period[133]. - The company has fulfilled all commitments related to related party transactions and competition resolution, ensuring compliance with long-term obligations[129]. Shareholder Information - The company's major shareholder, China Aluminum Group, committed to a three-year lock-up period for shares following the A-share listing, with compliance confirmed[129]. - China Aluminum Group holds 2,176,758,534 shares, representing 73.56% of total shares[155]. - The total number of ordinary shareholders as of the end of the reporting period is 49,164[153]. - The company has not provided guarantees to shareholders, actual controllers, or their related parties[147].

Financial Performance - China Aluminum International Engineering Corporation Limited reported its unaudited interim results for the six months ended June 30, 2023[3]. - The company's operating revenue for the first half of the year was CNY 962,205.59 million, a decrease of 8.51% compared to CNY 1,051,709.11 million in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY -83,064.20 million, a significant decline from CNY 12,364.47 million in the previous year, representing a decrease of 771.8%[15]. - The net cash flow from operating activities was CNY -86,286.93 million, compared to CNY -104,007.53 million in the same period last year[15]. - The total assets at the end of the reporting period were CNY 4,185,075.60 million, down 11.69% from CNY 4,739,128.86 million at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company decreased to CNY 663,173.50 million, down 11.93% from CNY 752,981.55 million at the end of the previous year[15]. - The basic earnings per share for the first half of the year was CNY -0.30, a decrease of 850.00% compared to CNY 0.04 in the same period last year[16]. - The weighted average return on net assets was -18.93%, a decrease of 21.02 percentage points from the previous year[16]. - The company achieved operating revenue of 9.622 billion RMB in the first half of 2023, a decrease of 8.51% compared to 10.517 billion RMB in the same period last year[51]. - Net profit attributable to shareholders was -831 million RMB, a significant decrease of 771.80% from 124 million RMB in the previous year[51]. Risk Factors - The company faces risks including cash flow risk, debt risk, litigation risk, operational risk, and market risk[5]. - The company anticipates a significant risk of declining non-ferrous metal prices in the second half of 2023 due to weak terminal consumption and external economic pressures[30]. - The company faces cash flow risks due to high capital occupation and reduced turnover speed, which may pressure funding[86]. - Debt risk management is critical as the financial regulatory environment becomes increasingly stringent, necessitating enhanced identification and control of debt risks across subsidiaries[86]. - Legal disputes present a risk, with the company focusing on reducing existing cases and controlling new ones to strengthen its risk management capabilities[87]. - The company is experiencing operational risks due to the low entry barriers in the construction market and the oversupply in traditional manufacturing, leading to inaccurate cost predictions[88]. - The non-ferrous metal industry faces market risks, with a noticeable contraction in the market influenced by dual carbon policies, while competition in the domestic construction market intensifies[89]. Corporate Governance and Compliance - The company guarantees the truthfulness, accuracy, and completeness of the semi-annual report, with no false records or major omissions[4]. - The report is compliant with the Hong Kong Stock Exchange's listing rules regarding interim results announcements[3]. - The board of directors and supervisory board members were present at the meeting to approve the report[4]. - The company has adhered to the corporate governance code and maintained compliance with all relevant rules and regulations as of June 30, 2023[100]. - The audit committee reviewed and confirmed the unaudited interim results for the six months ending June 30, 2023, ensuring compliance with applicable accounting standards and legal requirements[104]. - The company confirmed that no new business related to sanctioned countries was initiated from the beginning of the reporting period to the last practicable date[91]. - The company’s risk management committee confirmed that funds raised from global offerings were not used for any business related to sanctioned countries[91]. Research and Development - The company applied for over 300 new patents in the first half of 2023, with over 49% being invention patents, and received more than 150 domestic and international patent authorizations[32]. - The company has established 9 national engineering technology research centers and 4 national postdoctoral research stations, enhancing its R&D capabilities[31]. - The company’s R&D investment intensity reached 3.33%, with 156 new patents granted and multiple national key R&D projects passing performance evaluations[38]. - Research and development expenses increased to 320 million RMB, up 20.8% year-on-year, with an R&D intensity of 3.33%[55]. Environmental and Social Responsibility - The company emphasizes environmental protection and pollution prevention, integrating green development concepts into its operations and adhering to national environmental laws[106]. - In the first half of 2023, the company continued to implement environmental protection measures, requiring all employees to sign safety and environmental responsibility lists[107]. - The company provided 1.02 million yuan in small loans to support villagers in developing livestock farming[108]. - The company has ongoing major litigation and arbitration cases, including disputes related to construction contracts[113]. - The company has been recognized as an advanced unit for rural revitalization efforts in Guizhou Province[108]. - The company actively promotes environmental protection and pollution control technologies, integrating them into its operations[107]. Shareholder Information - The total share capital of the company as of June 30, 2023, is RMB 2,959,066,667, consisting of 2,959,066,667 shares with a par value of RMB 1.00 each, including 399,476,000 H-shares and 2,559,590,667 A-shares[143]. - The top ten shareholders hold a total of 2,283,179,000 shares, representing 77.16% of the company's total share capital[152]. - China Aluminum Group holds 2,176,758,534 shares, accounting for 73.56% of the total shares[148]. - The largest shareholder, China Aluminum Group, has a beneficial ownership of 2,263,684,000 A-shares, which is approximately 76.50% of the total share capital[155]. - The company does not have any strategic investors or general corporations that have become top ten shareholders due to new share placements[152]. Employee Information - As of June 30, 2023, the company had a total of 12,594 employees, with 11,728 active employees, of which 77% were male and 23% were female[158]. - Employee expenses for the first half of 2023 amounted to RMB 642 million[161]. - The company has established various social insurance programs for employees, including pension, medical, unemployment, maternity, and work injury insurance[161]. - The company has implemented employee training programs focusing on management skills, overseas exchange programs, and other courses[161]. Financial Transactions and Related Parties - The company has engaged in financial transactions with its parent company's financial subsidiary, indicating a strong financial relationship[133]. - The company has a related party debt balance of RMB 396,090 million at the end of the reporting period, with no impact on its operational results or financial status[130]. - The company has not reported any significant related party transactions outside of the financial services mentioned[134].

中铝国际工程股份有限公司 第四届董事会第十四次会议 关于有关事项的事前认可意见 根据《中华人民共和国公司法》《上市公司独立董事规 则》《上海证券交易所股票上市规则》《上海证券交易所上市 公司自律监管指引第 1 号—规范运作》和《中铝国际工程股 份有限公司章程》等有关规定，我们作为中铝国际工程股份 有限公司（以下简称公司）的独立非执行董事，对拟提交公 司第四届董事会第十四次会议审议的《关于签署<应付账款 保理合作框架协议>暨日常关联（连）交易的议案》发表事 前认可意见如下： 一、公司董事会在审议上述事项之前，根据有关规定履 行了将上述事项提交给我们进行事前审核的程序。 二、上述议案涉及的交易事项公平、公正、公开，符合 公司和全体股东的利益，没有对上市公司独立性构成影响， 没有发现有侵害中小股东利益的行为和情况，符合中国证监 会和上海证券交易所的有关规定，我们一致同意将上述议案 提交公司董事会审议。上述关联交易事项表决时，关联董事 应回避表决。 （本页以下无正文） 1 X 30V 童 朋 方 桂卫华 萧志雄 2023年8月21 日 2 (本页无正文,仅为中铝国际工程股份有限公司第四届董事 会第十四次会议关于有关事 ...

中铝国际工程股份有限公司 第四届董事会第十四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 证券代码：601068 证券简称：中铝国际 公告编号：临 2023-042 一、董事会会议召开情况 （一）中铝国际工程股份有限公司（以下简称公司）第四届董事 会第十四次会议的召开符合《中华人民共和国公司法》等相关法律、 法规及《中铝国际工程股份有限公司章程》（以下简称《公司章程》） 的规定。 （二）本次会议于 2023 年 8 月 22 日以现场结合视频通讯方式召 开。会议通知于 2023 年 8 月 8 日以邮件的方式向全体董事发出。 （三）本次会议应出席董事 7 人，实际出席董事 7 人，有效表决 人数 7 人。 （四）公司董事长李宜华先生主持会议。公司监事及高级管理人 员、相关部门人员和中介机构相关人员列席了会议。 二、董事会会议审议情况 本次会议审议并通过如下议案： （一）审议批准了《关于公司 2023 年半年度报告的议案》 公司董事会同意公司 2023 年半年度报告及其摘要、2023 年 H 股 中期业绩公告 ...

证券代码：601068 证券简称：中铝国际 公告编号：临 2023-041 中铝国际工程股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 重要内容提示： 会议召开时间：2023 年 8 月 23 日（星期三）16:30-18:00 公司拟于 2023 年 8 月 23 日发布公司 2023 年半年度报告，为便于广 大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公 司计划于 2023 年 8 月 23 日（星期三）16:30-18:00 举行 2023 年半年度业 1 绩说明会，就投资者关心的问题进行交流。 会议召开方式：现场交流+网络互动 现场会议地点：中铝大厦（上海）（上海市浦东新区长清北路 51 号，国耀路与世博大道交叉口西南方向 90 米左右），中铝大厦南座 15 层西侧会议室。 网 络 互 动 地 址 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 投资者 ...

中鋁國際工程股份有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，本 公 司 將 於二零二三年八月二十二日（星 期 二）舉 行 董 事 會 會 議，其 中 議 程 包 括 審 議 及 批 准本公司及其附屬公司截至二零二三年六月三十日止六個月之中期業績及其 發 佈 該 業 績 公 告。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 CHALIECO 中鋁國際工程股份有限公司 China Aluminum International Engineering Corporation Limited （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2068） 董事會召開日期 承董事會命 中鋁國際工程股份有限公司 李宜華 董事長 中 國 北 京，二 零 二 三 年 八 月 十 日 於 本 公 告 日 期，非 執 行 董 事 為 胡 振 傑 先 生 ...

Financial Performance - The total operating revenue for Q1 2023 was ¥4,306,083,351.32, a decrease of 10.64% compared to ¥4,818,885,743.53 in the same period last year[13] - The net profit attributable to shareholders of the listed company was ¥3,436,376.36, representing a significant decline of 94.68% from ¥64,570,797.56 in the previous year[13] - The net profit attributable to shareholders of the listed company decreased by 94.68% compared to the same period last year[30] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 117.6% year-on-year, primarily due to high receivable recoveries in the same period last year[30] - The basic earnings per share decreased by 94.00%[30] - Basic earnings per share decreased from 0.02 to 0.0012, a decline of 94%[51] - The total comprehensive income attributable to the parent company was -24,134,406.82, compared to 64,595,952.72 in the previous period[51] Operating Costs and Expenses - The total operating costs for Q1 2023 were ¥4,349,597,435.09, down from ¥4,908,685,848.93 in the same period last year[17] - Research and development expenses increased to ¥141,377,073.58, compared to ¥89,835,025.87 in Q1 2022, reflecting a focus on innovation[17] - The company's financial expenses decreased to ¥58,760,184.84 from ¥76,445,597.61 in the previous year, indicating improved cost management[17] - The company experienced a significant increase in credit impairment losses, which amounted to ¥112,817,288.58, compared to ¥213,567,088.52 in the previous year[17] Cash Flow and Investments - The net cash flow from investing activities was ¥440,853,811.86, a recovery from a negative cash flow of ¥1,599,972,535.16 in the previous year[18] - The company reported a net cash outflow from financing activities of ¥1,806,091,368.74, compared to a net inflow of ¥2,599,142,851.90 in Q1 2022[18] - The net cash flow from operating activities was negative at -1,663,212,209.58 RMB, compared to -1,228,241,988.92 RMB in the previous year[38] Assets and Liabilities - The company’s total assets decreased from ¥6,857,364,048.62 at the beginning of the period to ¥3,820,209,693.79 at the end of the period[18] - The total assets at the end of the reporting period were 4,368,769.62 million RMB, a decrease of 7.81% from the end of the previous year[41] - Total current assets decreased from 38,182,279,621.95 to 34,653,533,348.17, a decline of approximately 13.9%[48] - Total assets decreased from 47,391,288,591.87 to 43,687,696,202.24, a decline of about 7.4%[49] - Total liabilities decreased from 36,936,231,329.10 to 33,205,130,202.80, a reduction of approximately 10.0%[49] - The company's total equity increased from 10,455,057,262.77 to 10,482,565,999.44, an increase of about 0.3%[49] Shareholder Information - Total number of common shareholders at the end of the reporting period was 52,863[45] - The largest shareholder, China Aluminum Group Co., Ltd., holds 2,176,758,534 shares, representing 73.56% of total shares[45] Government Support and Tax Impacts - The company received government subsidies amounting to 232.58 million RMB, which were closely related to its normal business operations[28] - The company reported a loss of 170.99 million RMB due to income tax impacts[28] Future Outlook - The company plans to continue optimizing its production and operations in the upcoming quarters[30] - The company has fully recovered the third tranche of equity transfer payments and related funds from Yuyuan Company[32]

Financial Performance - The company's operating revenue for the first quarter was RMB 430.61 million, a decrease of 10.64% compared to RMB 481.89 million in the same period last year[5]. - Net profit attributable to shareholders of the listed company was RMB 343.64 million, down 94.68% from RMB 6,457.08 million year-on-year[5]. - Basic earnings per share decreased by 94.00%, from RMB 0.02 to RMB 0.0012[10]. - The company reported a net profit of CNY 46,103,798.07 for Q1 2023, down 57.3% from CNY 107,943,845.54 in Q1 2022[27]. - The company reported a total comprehensive income of CNY 18,533,014.89, a significant decrease from CNY 108,190,984.14 in Q1 2022[32]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 4,368.77 million, a decrease of 7.81% from RMB 4,739.13 million at the end of the previous year[6]. - Total assets as of March 31, 2023, were CNY 43,687,696,202.24, down from CNY 47,391,288,591.87 at the end of 2022, a decrease of 7.3%[24]. - Total liabilities decreased to CNY 33,205,130,202.80 as of March 31, 2023, from CNY 36,936,231,329.10 at the end of 2022, a reduction of 10.0%[22]. Cash Flow - The net cash flow from operating activities was significantly impacted, with a decrease in received project payments compared to the previous year[10]. - The net cash flow from operating activities was negative CNY 1,663,212,209.58 in Q1 2023, compared to negative CNY 1,228,241,988.92 in Q1 2022[34]. - The cash inflow from operating activities totaled CNY 4,990,361,151.93 in Q1 2023, down from CNY 6,017,816,723.85 in Q1 2022[34]. - The company reported a net cash flow from investment activities of CNY 440,853,811.86 in Q1 2023, a significant improvement from negative CNY 1,599,972,535.16 in Q1 2022[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 52,863[11]. - China Aluminum Group holds 2,176,758,534 shares, accounting for 73.56% of the total shares[12]. - The total number of shares held by the top ten shareholders is 2,283,179,000, representing 77.16% of the total share capital[13]. - The company has no known relationships or concerted actions among the top shareholders[13]. Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to declining revenues and profits[26]. - Research and development expenses for Q1 2023 were CNY 141,377,073.58, an increase of 57.5% compared to CNY 89,835,025.87 in Q1 2022[26]. Other Financial Data - Non-recurring gains and losses totaled RMB 856.85 million, with various components contributing to this figure[9]. - The company did not conduct an audit for the quarterly report, indicating that the financial data is unaudited[4]. - The company has adjusted its financial data from the previous year due to the acquisition of Kunming Nonferrous Metallurgy Design Institute Co., Ltd.[6].

Financial Performance - As of December 31, 2022, the company's undistributed profits amounted to -127,038,527.51 RMB, leading to a proposal of no profit distribution for 2022[4]. - The company's operating revenue for 2022 was RMB 2,369,732.89 million, a decrease of 0.84% compared to RMB 2,471,782.33 million in 2021[18]. - Net profit attributable to shareholders was RMB 11,250.63 million, a significant decline from a loss of RMB 200,207.11 million in 2021[18]. - The net profit after deducting non-recurring gains and losses was a loss of RMB 42,559.17 million, compared to a loss of RMB 213,599.31 million in 2021[18]. - The net cash flow from operating activities was RMB 52,486.92 million, down 20.45% from RMB 64,125.14 million in 2021[18]. - The total assets at the end of 2022 were RMB 4,739,128.86 million, a decrease of 21.04% from RMB 5,593,193.83 million in 2021[18]. - Basic earnings per share for 2022 was RMB 0.00, down from RMB -0.72 in 2021[19]. - The weighted average return on equity was -0.21%, compared to -29.06% in 2021[19]. - The company achieved operating revenue of RMB 23.697 billion in 2022, a year-on-year decrease of 0.84%[46]. - The total profit for the year was RMB 285 million, an increase of RMB 1.221 billion compared to the previous year[46]. - The net profit attributable to the parent company was RMB 113 million, an increase of RMB 1.183 billion year-on-year[46]. Risks and Challenges - The company faces potential risks in 2023, including cash flow risk, debt risk, litigation risk, operational efficiency risk, and market competition risk[6]. - The company is addressing cash flow risks due to high capital occupation by "two funds" and slow turnover rates[122]. - The company is enhancing its debt risk management in response to increasing regulatory scrutiny and complex market conditions[123]. - The company is facing challenges in the construction market due to low entry barriers and increasing competition, impacting project cost predictions[126]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the accuracy and completeness of the annual report[5]. - The company has a cash dividend plan in place, with a 10% withholding tax rate applicable to non-resident corporate shareholders[160]. - The company has complied with corporate governance codes and improved its governance structure, as evidenced by various awards received in 2022[162]. - The company has established a legal compliance department responsible for legal affairs, comprehensive risk management, internal control evaluation, and internal auditing[170]. - The board reviewed the company's risk management and internal control systems, confirming their effectiveness in financial monitoring, operational monitoring, and compliance monitoring[170]. - The company has implemented a mechanism to track the progress of board resolutions on a monthly basis, ensuring effective execution[165]. - The company has established a shareholder communication policy that was reviewed and deemed effective as of December 31, 2022[191]. - The board's corporate governance functions include formulating and reviewing governance policies to comply with regulatory requirements[194]. Strategic Focus and Development - The company is focusing on technological upgrades and project relocations rather than new project constructions in the non-ferrous metal engineering market[106]. - The company aims to establish itself as a leading domestic and globally competitive non-ferrous metal engineering technology firm[110]. - The strategic focus includes enhancing internationalization and strengthening core businesses in engineering consulting and infrastructure construction[111]. - The company plans to implement a high-quality development strategy centered on stable operations and risk management in 2023[113]. - The company emphasizes value creation across all operational aspects, aiming for sustainable cash net profit[114]. - A strong push for technological innovation is underway, focusing on energy-saving and carbon reduction technologies in aluminum production[115]. - The company is committed to enhancing digital delivery standards and integrating intelligent services into engineering technology[115]. Research and Development - The company applied for 381 patents in 2022, with over 46% being inventions, and received more than 300 new domestic and foreign authorized patents[32]. - Research and development expenses increased by 16.11% to RMB 912.07 million, reflecting the company's commitment to enhancing R&D investment[49]. - The company has established 9 national engineering technology research centers and 4 national postdoctoral research stations by the end of 2022[42]. - The company focused on key R&D projects in areas such as geotechnical engineering and aluminum smelting, aiming to fill industry technology gaps and enhance product quality[68]. Market and Industry Trends - The company anticipates stable growth in the consumption of major non-ferrous metals, driven by the development of new energy industries, although the growth rate is expected to gradually slow down[106]. - The infrastructure investment growth is expected to stabilize, with new infrastructure becoming a significant highlight, particularly post-COVID-19, creating numerous market opportunities[107]. - The urbanization rate in China reached 65.22% in 2022, projected to exceed 70% by 2035, indicating a steady advancement in the real estate sector and urban construction[108]. - New infrastructure development is anticipated to grow by over 20% in 2022, driven by advancements in 5G and industrial internet technologies[109]. Employee and Training Initiatives - The company trained a total of 28,686 employees in 2022, with a training investment of RMB 7.38 million and a total training duration of 283,428 hours[127]. - The company emphasizes employee rights protection and has not experienced any major labor disputes or human rights complaints in 2022[127]. - The company has developed a comprehensive training system to enhance the effectiveness of employee training, focusing on targeted training for specific challenges[127]. Shareholder Engagement - The company emphasizes maintaining effective communication with shareholders and has established channels for timely information dissemination[184]. - Shareholders holding more than 10% of the company's shares have the right to request an extraordinary general meeting, which must be responded to within 10 days[186]. - The company encourages shareholders to attend general meetings to directly raise any concerns with the board[187]. - The company has outlined procedures for voting and decision-making during shareholder meetings, ensuring transparency[187].