证券代码：601068 证券简称：中铝国际 公告编号：临 2023-014 投资者可于 2023 年 4 月 3 日(星期一) 至 4 月 10 日(星期 一)16:00 前登录上证路演中心网站首页，点击"提问预征集"栏目 （http://roadshow.sseinfo.com/questionCollection.do），根据 活动时间选中本次活动并向公司提问，或通过中铝国际工程股份有限 公司（以下简称公司）邮箱 IR-chalieco@chalieco.com.cn 向公司提 问。公司将在说明会上对投资者普遍关注的问题进行回答。 公司已于 2023 年 3 月 8 日发布公司 2022 年度报告，为便于广大 投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司 计划于 2023 年 4 月 11 日(星期二)下午 16:00-17:00 举行 2022 年度 业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 中铝国际工程股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性 ...

Corporate Governance - The company has established multiple communication channels with shareholders, including annual reports, interim reports, and performance briefings to ensure timely information dissemination[1]. - The board of directors consists of 9 members, including 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors, ensuring a balanced structure[2]. - The fourth board of directors was elected on April 8, 2022, with a term of three years, and includes a mix of executive and independent directors[3]. - The company has a diversity policy for its board members, aiming to increase gender diversity by appointing at least one female director by December 31, 2024[10]. - The board is responsible for deciding the company's operational plans and investment proposals, ensuring effective governance and internal control[7]. - The board has established five specialized committees, including audit, nomination, remuneration, strategy, and risk management committees[2]. - The company emphasizes the importance of board member diversity, considering various factors such as age, cultural background, and professional experience[10]. - The company has received annual confirmations of independence from its independent non-executive directors, ensuring compliance with regulatory requirements[6]. - The company actively reviews its shareholder communication policy to ensure its effectiveness as of December 31, 2022[1]. - The company’s board of directors consists of six non-independent directors, including three executive directors and three non-executive directors, as of April 2022[28]. - The company has a remuneration decision-making process based on market levels and company salary strategies, considering annual performance and individual contributions[27]. - The company’s board of directors approved the remuneration standards for directors and supervisors, which are paid monthly in full[27]. - The company has established a transparent process for determining the compensation policies for directors and senior management, ensuring fairness and reasonableness in compensation arrangements[57]. - The company has implemented a mechanism for evaluating the independence of the board of directors to enhance governance[126]. - The Supervisory Board ensured that the decision-making processes adhered to legal and regulatory requirements throughout the year[136]. Financial Performance - The company reported a total revenue of 594.44 million, reflecting a significant performance in the fiscal year[16]. - The company reported a significant increase in revenue, achieving a total of 50 billion RMB for the fiscal year, representing a 15% year-over-year growth[20]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[20]. - The company reported a net loss of ¥127,038,527.51 for the year ending December 31, 2022, leading to a decision not to distribute profits or increase capital reserves[78]. - The company reported a retained earnings deficit of -127,038,527.51 RMB as of December 31, 2022, and plans no profit distribution for 2022[93]. - The company’s operating revenue for 2022 was CNY 2,369,732.89 million, a decrease of 0.84% compared to CNY 2,389,872.34 million in 2021[108]. - The net profit attributable to shareholders of the listed company was CNY 11,250.63 million, a significant recovery from a loss of CNY 107,042.09 million in the previous year[108]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -42,559.17 million, an improvement from CNY -115,725.62 million in 2021[108]. - The net cash flow from operating activities was CNY 52,486.92 million, down 20.45% from CNY 65,982.97 million in the previous year[108]. - The total assets of the company at the end of 2022 were CNY 4,739,128.86 million, a decrease of 21.04% from CNY 6,002,275.67 million in 2021[108]. - The net assets attributable to shareholders of the listed company were CNY 752,981.55 million, a slight decrease of 0.07% from CNY 753,471.62 million in the previous year[108]. - The company reported a significant reduction in losses, indicating a positive trend in financial recovery and operational performance[108]. - Basic earnings per share for 2022 was 0.00 CNY, compared to -0.41 CNY in 2021, showing a significant improvement[114]. - The weighted average return on equity for 2022 was -0.21%, an improvement from -21.18% in 2021[114]. - The basic earnings per share after excluding non-recurring gains and losses was -0.19 CNY in 2022, compared to -0.44 CNY in 2021[114]. Strategic Initiatives - The company is focusing on expanding its market presence and exploring new product development opportunities to drive future growth[16]. - The company is committed to enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[16]. - Future outlook indicates a strategic emphasis on innovation and technology development to meet evolving market demands[16]. - The company aims to leverage its existing resources and expertise to capitalize on emerging market trends and opportunities[16]. - The company plans to enhance its financial performance through targeted investments and strategic partnerships[16]. - The company is actively researching and proposing strategies for market expansion and new business development as part of its strategic initiatives[61]. - The company aims to enhance market expansion and product development strategies in the upcoming fiscal year[146]. - The company is focusing on strategic asset restructuring, including the sale of a 52.6% stake in Yunnan Miyu Highway Investment and Development Co., Ltd.[105]. - The company aims to leverage its subsidiaries for better integration and resource allocation in future projects[105]. - The company has established a market marketing management committee, resulting in a doubling of design consulting contract amounts year-on-year for certain subsidiaries[156]. Research and Development - The company has 2,479 R&D personnel, accounting for 20% of the total workforce[84]. - The R&D team includes 16 PhD holders, 471 Master's degree holders, and 1,607 Bachelor's degree holders[84]. - In 2022, the company focused on eight key areas and five major directions for technological innovation as part of its "14th Five-Year" plan[85]. - The company is committed to enhancing R&D investment quality and efficiency, particularly in geotechnical engineering and aluminum smelting technologies[85]. - The company anticipates facing risks in cash flow, debt, litigation, operational efficiency, and market competition in 2023[95]. - The company applied for 381 patents in 2022, with over 46% being inventions, and received more than 300 new domestic and international patent authorizations[159]. - The company established 13 national-level innovation platforms and 25 provincial-level innovation platforms, promoting technological advancements[156]. - The company secured 3 new national key R&D projects and 13 other major government projects, enhancing its research and development capabilities[156]. Employee Management - The company has a total of 12,219 employees, with 147 in the parent company and 12,072 in major subsidiaries[65]. - The company has a workforce distribution of 4,277 in management, 5,939 in engineering, 1,602 in production operations, and 401 in other roles[65]. - The company emphasizes a salary management principle that aligns total salary budgets with economic performance, rewarding high productivity and cost improvement[65]. - The company has established a comprehensive employee benefits plan, including pension, medical, unemployment, maternity, and work injury insurance, along with voluntary benefits such as supplementary medical insurance and corporate annuities[73]. - The company has made significant efforts in employee training and development, focusing on enhancing overall workforce quality and professional skills[74]. - The company has implemented a performance evaluation mechanism linking employee performance assessments to compensation, aiming to enhance employee motivation and productivity[74]. Risk Management - The company has established a Risk Management Committee to oversee risk assessment and management practices[44]. - The company held two meetings of the Risk Management Committee during the reporting period to review major operational decisions and risk assessments[64]. - The company has conducted a thorough review of its internal control systems, updating the internal control management manual and addressing identified issues[81]. - The company has conducted a special self-inspection of internal control systems in its overseas enterprises to mitigate operational risks[81]. - The company has adjusted its risk management committee's composition, appointing new members to enhance governance[5]. Environmental and Social Responsibility - The company invested RMB 34.23 million in environmental protection during the reporting period[177]. - The company emphasizes green development and has integrated environmental protection into its project designs, adhering to national environmental laws and regulations[178]. - The company is committed to reducing carbon emissions and has implemented measures such as developing new products that assist in carbon reduction[180]. - Total investment in social responsibility projects amounted to 87,000 CNY, with 3,000 CNY in cash donations and 84,000 CNY in material donations[185]. - Total investment in rural revitalization projects reached 2,541,400 CNY, including 2,112,900 CNY in cash and 428,500 CNY in material support, benefiting 10,734 people[185]. - The company actively participated in social responsibility initiatives, contributing to environmental protection and community support[137].

证券代码：601068 证券简称：中铝国际 单位：元 币种：人民币 2022 年第三季度报告 中铝国际工程股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------------|------------------------------|-------------------|--------------------- ...

Financial Performance - The company's operating revenue for the third quarter reached CNY 5,747,981,347.86, representing a year-on-year increase of 2.21%[3] - Net profit attributable to shareholders was CNY 16,468,688.77, an increase of 1,693.26% compared to the same period last year[3] - Total revenue for the first three quarters of 2022 reached CNY 16,101,128,621.35, compared to CNY 15,957,019,819.86 in the same period of 2021, reflecting a growth of approximately 0.9%[25] - The net profit for the first three quarters of 2022 is 147,166,519.28 RMB, an increase of 69.3% compared to 86,984,406.07 RMB in the same period of 2021[30] - The total profit for the first three quarters of 2022 is 236,493,469.09 RMB, up from 143,848,504.46 RMB in 2021, representing a growth of 64.4%[30] - The operating profit for the first three quarters of 2022 is 264,988,367.47 RMB, compared to 168,257,600.57 RMB in 2021, indicating a rise of 57.4%[30] - The total comprehensive income for the first three quarters of 2022 is 316,056,415.78 RMB, compared to 64,603,783.78 RMB in 2021, showing a significant increase[34] - The basic earnings per share for the first three quarters of 2022 is 0.02 RMB, compared to -0.01 RMB in the same period of 2021[34] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 62,365,140,307.60, reflecting a growth of 6.01% from the previous year[4] - The total assets of the company as of September 30, 2022, were CNY 62,365,140,307.60, compared to CNY 58,828,035,316.25 at the end of 2021, indicating an increase of approximately 6.5%[23] - The company's total liabilities as of September 30, 2022, amounted to CNY 42,520,334,199.41, slightly up from CNY 42,312,853,297.15 at the end of 2021[21] - Non-current liabilities totaled CNY 14,635,379,837.44 as of September 30, 2022, compared to CNY 12,671,206,588.34 at the end of 2021, representing an increase of approximately 15.5%[21] - Shareholders' equity attributable to the company increased to CNY 8,374,105,012.54, up by 9.65% year-on-year[4] - The total equity attributable to shareholders was CNY 8,374,105,012.54 as of September 30, 2022, compared to CNY 7,637,117,760.35 at the end of 2021, showing an increase of about 9.7%[23] Cash Flow - The cash flow from operating activities showed a net outflow of CNY 22,144,494.25, a decrease of 541.46% compared to the previous year[3] - Cash inflow from operating activities for the first three quarters of 2022 is 16,542,348,615.23 RMB, an increase from 14,454,647,875.78 RMB in 2021[36] - Cash outflow from operating activities for the first three quarters of 2022 is 17,545,318,488.62 RMB, compared to 14,842,389,314.89 RMB in 2021[38] - The net cash flow from operating activities for the first three quarters of 2022 is -1,002,969,873.39 RMB, worsening from -387,741,439.11 RMB in 2021[38] - The total cash received from financing activities in the first three quarters of 2022 was CNY 12,476,397,799.22, compared to CNY 9,539,782,614.43 in the same period of 2021, indicating a growth of 31%[40] - The cash outflow for repayment of debts in the first three quarters of 2022 was CNY 7,847,479,081.53, a decrease of 31% from CNY 11,307,691,317.57 in the same period of 2021[40] - The net increase in cash and cash equivalents for the first three quarters of 2022 was CNY 571,855,123.43, compared to a decrease of CNY 1,464,079,948.41 in the same period of 2021[42] - The cash and cash equivalents at the end of the first three quarters of 2022 amounted to CNY 7,189,763,809.07, up from CNY 5,085,914,996.02 at the end of the same period in 2021, representing a 41% increase[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 54,051, with the top 10 shareholders holding 73.56% of the shares[9] - China Aluminum Group Co., Ltd. holds 2,176,758,534 shares, representing 73.56% of the total shares[11] - Hong Kong Central Clearing Limited holds 399,476,000 shares, accounting for 13.50% of the total shares[11] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 421,455,767.25, compared to CNY 385,888,432.29 in the same period of 2021, marking an increase of approximately 9.2%[26] Strategic Initiatives - The company actively responded to tax incentives, resulting in a 36.76% reduction in tax payable[8] - The company reported a significant increase in long-term borrowings due within one year, indicating a strategic shift in financing[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]

Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 1.5 billion for the first half of 2022, representing a year-on-year growth of 15%[3]. - The company's operating revenue for the first half of 2022 was CNY 10,353,147,273.49, a slight increase of 0.19% compared to CNY 10,333,522,065.37 in the same period last year[14]. - Net profit attributable to shareholders was CNY 66,327,751.24, showing a significant increase from a loss of CNY 17,004,599.61 in the previous year[14]. - The net profit attributable to shareholders for the first half of 2022 was 66 million yuan, an increase of 630% compared to 3 million yuan in the same period last year[29]. - The total profit for the first half of 2022 was RMB 158,835,746.94, significantly higher than RMB 79,836,407.55 in the first half of 2021[168]. - The company reported a net cash outflow from operating activities of RMB 1.107 billion, an increase of 80.42% year-on-year, primarily due to repayments of accounts receivable ABS[58]. - The company reported a significant increase in other equity instruments from ¥2.50 billion to ¥2.96 billion, a growth of approximately 18.59%[164]. - The company’s total comprehensive income for the first half of 2022 was CNY 135,432,350.52, reflecting a decrease from the previous year[180]. Market Expansion and Strategy - User data indicates a growing customer base, with a 20% increase in project contracts secured compared to the previous year, totaling 150 new contracts[4]. - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 10% to 15% based on current market trends and project pipeline[4]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[4]. - A strategic acquisition of a local engineering firm is underway, which is anticipated to add approximately RMB 300 million in annual revenue[4]. - The company remains committed to expanding its market presence and enhancing its service offerings in the non-ferrous metals sector[20]. - The company has actively expanded its overseas business, participating in projects with groups in Vietnam, Venezuela, India, and Indonesia[28]. Research and Development - New product development includes the launch of an advanced aluminum processing technology, expected to enhance production efficiency by 25%[4]. - The company has established 6 national-level innovation research platforms and 21 provincial-level innovation platforms and engineering laboratories as of June 30, 2022[26]. - The company has nearly 2,700 valid domestic patents and 190 international patents, showcasing its strong R&D capabilities[26]. - Research and development expenses for the first half of 2022 amounted to RMB 246 million, representing an increase of RMB 65 million, with an R&D intensity of 2.38%[42]. - The company has prioritized the development of key technologies to address industry challenges, with several major technology projects initiated[32]. Financial Management and Risks - The company faces risks including market competition and cash flow management, which could impact future performance[4]. - The company’s cash flow risk is primarily due to high capital occupation of "two funds," leading to pressure on liquidity[77]. - The company has confirmed that no funds raised from global offerings have been used for any business related to sanctioned countries[79]. - The company reported a net cash outflow from investment activities of RMB 1.56 billion for the six months ended June 30, 2022, a decrease in outflow of RMB 202 million year-on-year[65]. - The company has not proposed any profit distribution or capital increase plans for this reporting period[3]. Corporate Governance - The financial report has been declared accurate and complete by the management team, ensuring transparency for investors[3]. - The company has established a strategic committee and a risk management committee within the new board structure[88]. - The company is focused on enhancing corporate governance through the election of independent directors and supervisory board members[86]. - The company has maintained compliance with the Corporate Governance Code and has established an effective governance structure[93]. - The company has appointed three independent non-executive directors with appropriate professional qualifications[95]. Employee and Social Responsibility - The company has established various social insurance programs for employees, including pension, medical, unemployment, maternity, and work injury insurance[146]. - The company has implemented various training programs for employees, including management skills and overseas exchange programs[147]. - The company invested RMB 25,700 in poverty alleviation efforts and introduced RMB 6.18 million to rural areas, contributing to product sales of RMB 271,000 and procurement of RMB 166,500[101]. - The company emphasizes green development principles in its operations, integrating environmental protection into project design and strictly adhering to national environmental laws[99]. Legal and Compliance - There are significant litigation and arbitration matters involving the company, including construction contract disputes[107]. - The company has not faced any regulatory guarantees or non-standard audit opinions during the reporting period[106]. - The company has not reported any overdue guarantees during the reporting period[130]. - The company has maintained compliance with regulations and has not faced any penalties or corrective actions during the reporting period[113].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 150 million, up 10% compared to the same period last year[14]. - The company's operating revenue for the first half of 2022 was ¥10,353,147,273.49, a slight increase of 0.19% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥66,327,751.24, representing a significant increase of 1,870.61% year-on-year[21]. - The company achieved a revenue of RMB 10.353 billion in the first half of 2022, a slight increase of 0.19% compared to RMB 10.334 billion in the same period last year[50]. - The net profit attributable to shareholders reached RMB 0.66 billion, a significant increase of 1870.61% from RMB 0.03 billion in the previous year[50]. - The company reported a net profit of RMB 61.68 million for the first half of 2022, compared to a loss of RMB 17.00 million in the same period last year[177]. - The company's total comprehensive income for the first half of 2022 was approximately ¥135.43 million, compared to ¥31.15 million in the same period of 2021, indicating a substantial increase[198]. Project and Market Development - The company has a total of 200 ongoing projects, with a contract value exceeding RMB 10 billion[14]. - User data indicates a 20% increase in project completion rates compared to the previous year[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% growth in that region by 2023[14]. - The total number of new projects started nationwide reached 134,000, an increase of 26,000 projects year-on-year, with planned total investment growing by 22.9%[37]. - The company has actively expanded its overseas business, establishing good cooperative relationships with foreign non-ferrous metal enterprises[40]. - The company has implemented a diversified business layout, focusing on new infrastructure, new energy, and the transformation of new technological achievements[41]. Research and Development - New product development includes a focus on green aluminum technology, with an investment of RMB 50 million allocated for R&D[14]. - The company has established six national-level innovation research platforms and 21 provincial-level innovation platforms and engineering laboratories[38]. - The company has nearly 2,700 valid domestic patents and 190 international patents, showcasing its strong R&D capabilities[38]. - Research and development expenses for the first half of 2022 were RMB 0.246 billion, representing an increase of RMB 0.065 billion, with an R&D intensity of 2.38%[55]. - Research and development expenses increased to approximately ¥246.45 million in the first half of 2022, up from ¥181.91 million in the same period of 2021, reflecting a growth of 35.5%[198]. Financial Position and Cash Flow - The company maintains a strong cash position with cash reserves of RMB 300 million, ensuring liquidity for future projects[14]. - The net cash flow from operating activities was negative at -¥1,107,120,889.43, a decline of 80.42% compared to the previous year[21]. - The company's cash and bank deposits amounted to RMB 8.028 billion, an increase of RMB 511 million compared to December 31, 2021, primarily due to increased funding for the Yiyu project[71]. - The company's net cash outflow from operating activities for the six months ended June 30, 2022, was RMB 1.107 billion, an increase of RMB 494 million year-on-year, mainly due to the repayment of ABS principal[75]. - The company reported a significant increase in financing activities, with net cash flow from financing activities reaching CNY 3.20 billion, up 169.70% year-on-year[67]. Corporate Governance and Management - The company has maintained compliance with the Corporate Governance Code as per the Hong Kong Stock Exchange rules[106]. - The fourth board of directors consists of 3 Executive Directors, 3 Non-Executive Directors, and 3 Independent Non-Executive Directors, with a term of three years[101]. - The audit committee has been established to oversee communication with external auditors and internal audit supervision, ensuring effective internal control systems[109]. - The company continues to focus on enhancing corporate governance to create shareholder value[106]. - The company has appointed three independent non-executive directors with appropriate professional qualifications as required by the Stock Exchange Listing Rules[108]. Risks and Challenges - The management highlighted potential risks including market competition and cash flow challenges, urging investors to remain cautious[14]. - The company faces significant risks including health risks from COVID-19, market competition, debt pressure, cash flow issues, and operational efficiency challenges[84][85][86]. - The domestic construction market has seen a sharp decline due to government policies aimed at energy consumption control and carbon neutrality, impacting new project approvals[85]. - The company continues to face challenges in achieving scale efficiencies in new markets due to low entry barriers and intense competition in the construction sector[86]. Shareholder Information - The total capital stock of the company as of June 30, 2022, is RMB 2,959,066,667, consisting of 2,959,066,667 shares with a par value of RMB 1.00 per share[160]. - The company has issued a total of 399,476,000 H shares, accounting for 13.5% of the total issued capital, and 2,559,590,667 A shares, accounting for 86.5%[161]. - China Aluminum Group holds 2,263,684,000 A shares, representing approximately 76.50% of the total share capital[165]. - The top ten shareholders collectively hold 77.16% of the company's total share capital, including 2,283,179,000 shares[165]. - The report indicates that there are no known relationships or concerted actions among the top shareholders[165]. Employee and Labor Relations - As of June 30, 2022, the company had a total of 13,084 employees, with 11,988 active employees, of which 77% were male and 23% were female[168]. - Employee expenses for the first half of 2022 amounted to RMB 641 million[168]. - The company has established a pension system and other social insurance for employees, ensuring compliance with local regulations[168]. - There were no strikes or labor disputes affecting the company's operations during the reporting period[168].

Financial Performance - The net profit attributable to shareholders for the year 2021 was -950,129,673.17 RMB, indicating a significant loss [3]. - As of December 31, 2021, the company's undistributed profits amounted to -51,199,827.53 RMB [3]. - The board of directors proposed no cash dividend distribution for the year 2021, nor any capital reserve transfer to share capital [3]. - The company's operating revenue for 2021 was CNY 2,334,819.63 million, a slight increase of 1.40% compared to CNY 2,302,595.10 million in 2020 [15]. - The net profit attributable to shareholders for 2021 was CNY -95,012.97 million, showing a significant improvement of 51.92% from CNY -197,613.84 million in 2020 [15]. - The total profit for the year was a loss of RMB 75,626.53 million, representing a year-on-year reduction in losses of 58.56% [40]. - The net profit attributable to the parent company was a loss of RMB 95,012.97 million, a year-on-year reduction in losses of 51.92% [40]. - The company reported a net profit attributable to shareholders of CNY -954,413.90 million in the fourth quarter of 2021, indicating a challenging market environment [18]. Cash Flow and Assets - The net cash flow from operating activities for 2021 was CNY 73,421.50 million, representing a 20.22% increase from CNY 61,073.56 million in 2020 [15]. - As of the end of 2021, the total assets of the company amounted to 58.8 billion RMB, with total liabilities of 42.3 billion RMB, resulting in a debt-to-asset ratio of 71.93% [25]. - The net cash inflow from operating activities increased by 20.22% to RMB 73,421.50 million, attributed to improved cash collection and budget management [42]. - The net cash inflow from financing activities was RMB 343,629.97 million, primarily due to a capital injection of RMB 2 billion from minority shareholders and project financing, an increase of RMB 241,043.63 million year-on-year [61]. - The asset-liability ratio at the end of 2021 was 71.93%, an increase of 0.63 percentage points from the end of 2020 [66]. Risks and Challenges - The company anticipates facing risks in 2022, including health risks from COVID-19, market changes, competition, debt risks, cash flow risks, and operational efficiency risks [4]. - The company faced increased debt pressure due to project delays caused by the pandemic, leading to financial strain from owners and suppliers [116]. - Cash flow risk is highlighted by high capital occupation of "two funds," resulting in reduced turnover speed and financial pressure [117]. Operational Strategy and Development - The company is focused on maintaining stable operations and long-term benefits for all shareholders in its 2022 business plan [3]. - The company plans to focus on market expansion and new product development in the upcoming fiscal year [18]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities [18]. - The company is focusing on enhancing cost control and risk management through centralized procurement strategies [43]. - The company plans to continue expanding its business scope in regions including Vietnam, Venezuela, Indonesia, Saudi Arabia, and Italy [43]. Research and Development - Research and development expenses increased by 25.81% to RMB 76,012.72 million due to increased investment in technology research projects [42]. - The company focused on R&D in eight major areas and five key directions, targeting domestic technical gaps and aiming for significant economic effects and market prospects [59]. - In 2021, the company completed 313 patent applications, with 42% being invention patents, and received 311 authorized patents, including 8 overseas patents [26]. Corporate Governance - The company is committed to ensuring the accuracy and completeness of the annual report, with all board members present during the meeting [3]. - The audit report issued by Da Xin Accounting Firm confirmed a standard unqualified opinion on the financial statements [3]. - The company has established a comprehensive internal control system with 27 primary processes and 117 secondary processes, ensuring compliance and operational efficiency [161]. - The board consists of 6 members, including 2 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring a balanced structure [176]. - The company has maintained compliance with major laws and regulations, with no significant legal violations reported in 2021 [169]. Market Position and Recognition - The company ranked 105th in the "Top 150 Global Design Firms" and 164th in the "Top 225 International Design Firms" by ENR magazine in 2021 [31]. - The company achieved 15 results recognized as internationally leading in technology evaluation, receiving 32 provincial and ministerial science and technology awards, including 15 first prizes [26]. - The company has established a robust customer network with many large domestic non-ferrous metal companies, enhancing its reputation in the industry [39]. Employee Engagement and Training - The company provided training for 29,971 employees in 2021, with a total training investment of RMB 8.81 million and an average training duration of 123,629.8 hours [122]. - The company is committed to employee rights protection and has not faced significant labor disputes or human rights complaints in 2021 [122]. Future Outlook - The company aims to achieve carbon neutrality and peak carbon emissions, positioning itself for new profit growth points through emerging industries [59]. - The company is focusing on technological innovation in the non-ferrous metal industry, particularly in new processes, technologies, materials, and equipment [34]. - The company is committed to improving operational quality by enhancing new contract amounts, revenue, net profit, cash flow from operating activities, labor productivity, and credit ratings [111].

Financial Performance - The company's operating revenue for Q1 2022 was ¥4,780,789,441.33, representing a decrease of 6.85% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was ¥18,280,621.46, down 61.4% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,625,614.84, a decline of 65.6% compared to the previous year[6] - The net cash flow from operating activities was -¥1,252,187,573.47, a decrease of 68.02% year-on-year[6] - Basic earnings per share were ¥0.01, down 50% compared to the same period last year[9] - The weighted average return on equity was 0.35%, a decrease of 53.95% year-on-year[9] - Total operating revenue for Q1 2022 was ¥4,780,789,441.33, a decrease of 6.84% compared to ¥5,132,288,798.29 in Q1 2021[30] - Net profit for Q1 2022 was ¥38,816,914.78, a decline of 48.92% from ¥76,136,863.59 in Q1 2021[32] - Earnings attributable to shareholders of the parent company for Q1 2022 were ¥18,280,621.46, down 61.39% from ¥47,358,959.65 in Q1 2021[34] - The total comprehensive income for Q1 2022 was ¥38,391,376.29, significantly lower than ¥78,631,175.90 in Q1 2021[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥60,092,418,419.85, an increase of 2.15% from the end of the previous year[9] - The equity attributable to shareholders of the listed company was ¥7,666,112,985.24, up 0.38% from the end of the previous year[9] - Total liabilities amounted to ¥40,939,624,896.88, a decrease from ¥42,312,853,297.15 in the previous period[30] - Total equity increased to ¥19,152,793,522.97 from ¥16,515,182,019.10, representing a growth of 9.83%[30] - Current liabilities decreased to RMB 27,298,881,198.45 from RMB 29,641,646,708.81 at the end of 2021[26] - The total liabilities decreased to ¥12,226,166,657.14 in Q1 2022 from ¥13,080,181,029.52 in Q1 2021, reflecting a reduction of approximately 6.5%[46] Cash Flow - The net cash flow from operating activities was -1,252,187,573.47 CNY, a decrease from -745,263,445.23 CNY in the previous period, indicating a worsening cash flow situation[38] - Cash flow from operating activities was ¥4,903,138,560.85, compared to ¥5,156,095,595.44 in Q1 2021[34] - The company reported a significant increase in cash received from operating activities, totaling 5,944,680,873.66 CNY, compared to 5,520,733,652.76 CNY in the previous period[38] - Total cash inflow from financing activities was 5,814,000,000.00 CNY, down from 7,338,000,000.00 CNY year-over-year[40] - The net cash flow from financing activities increased to 2,599,142,851.90 CNY compared to 673,047,505.11 CNY in the previous year, showing improved financing performance[40] - Cash outflow for investing activities was 1,618,679,583.91 CNY, slightly up from 1,551,165,556.50 CNY year-over-year[38] Shareholder Information - China Aluminum Group holds a total of 2,283,179,000 shares in the company, accounting for 77.16% of the total share capital, including 2,263,684,000 A shares and 19,495,000 H shares[18] Research and Development - Research and development expenses for Q1 2022 were ¥79,101,864.43, a decrease of 29.00% compared to ¥111,295,585.70 in Q1 2021[32] - The research and development expenses for Q1 2022 were ¥2,136,502.52, slightly down from ¥2,419,451.33 in Q1 2021[49] Accounting Standards and Compliance - The company has implemented new accounting standards starting from 2022, affecting the financial statements from the beginning of the year[54] - The board of directors of China Aluminum International Engineering Corporation has announced the financial report adjustments due to the new accounting standards[54] - The financial report reflects the company's commitment to transparency and compliance with updated regulations[54] - The company is focused on enhancing its financial reporting processes in line with the new standards[54] - The management team, including Li Yihua, Zhang Jian, and Zhang Xiuyin, is responsible for overseeing the accounting practices[54] - The announcement was made on April 29, 2022, indicating timely communication with stakeholders[54] - The company aims to ensure accurate financial data presentation following the new accounting guidelines[54] - The adjustments are expected to improve the overall financial health and reporting accuracy of the company[54] - The board is committed to ongoing evaluation of financial practices to align with industry standards[54] - The implementation of new accounting standards is part of the company's broader strategy for operational excellence[54]

Financial Performance - The company's operating revenue for the first quarter was CNY 4,780,789,441.33, a decrease of 6.85% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 11,625,614.84, reflecting a decline of 65.6% year-on-year[3]. - The net cash flow from operating activities was negative CNY 1,252,187,573.47, down 68.02% from the previous year[3]. - Basic earnings per share decreased by 50% to CNY 0.01[3]. - In Q1 2022, the company's net profit was CNY 38,816,914.78, a decrease of 48.9% compared to CNY 76,136,863.59 in Q1 2021[28]. - The total profit for Q1 2022 was CNY 68,961,723.09, down 42.2% from CNY 118,993,722.61 in Q1 2021[28]. - Operating profit for Q1 2022 was CNY 67,814,894.89, a decline of 45.8% from CNY 125,119,333.10 in Q1 2021[28]. - The company's total comprehensive income for Q1 2022 was CNY 38,391,376.29, down 51.1% from CNY 78,631,175.90 in Q1 2021[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 60,092,418,419.85, an increase of 2.15% from the end of the previous year[3]. - Total liabilities decreased to CNY 40,939,624,896.88 from CNY 42,312,853,297.15, indicating a reduction of about 3.23%[19]. - The total current assets as of March 31, 2022, amount to 37,751,332,828.03 RMB, compared to 37,377,203,055.44 RMB on December 31, 2021[13]. - The total amount of contract assets is reported at 7,457,585,131.72 RMB as of March 31, 2022[13]. - The total non-current assets amounted to CNY 22,341,085,591.82 as of March 31, 2022, compared to CNY 21,450,832,260.81 at the end of 2021, reflecting an increase of about 4.14%[15]. - The total current liabilities decreased to CNY 27,298,881,198.45 from CNY 29,641,646,708.81, indicating a reduction of approximately 7.93%[18]. - Long-term borrowings increased to CNY 12,991,429,615.60 from CNY 12,022,204,583.61, representing an increase of about 8.06%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 67,590[8]. - China Aluminum Group Co., Ltd. holds 2,176,758,534 shares, accounting for 73.56% of the total shares[9]. - The top ten shareholders collectively hold 77.16% of the company's total share capital, including 2,263,684,000 A-shares and 19,495,000 H-shares[9]. Cash Flow - Cash inflows from operating activities in Q1 2022 amounted to CNY 5,944,680,873.66, an increase of 7.7% compared to CNY 5,520,733,652.76 in Q1 2021[33]. - Cash outflows from operating activities in Q1 2022 totaled CNY 7,196,868,447.13, an increase of 14.8% from CNY 6,265,997,097.99 in Q1 2021[35]. - The net cash flow from operating activities in Q1 2022 was CNY -1,252,187,573.47, worsening from CNY -745,263,445.23 in Q1 2021[35]. - The cash flow from operating activities was negative at CNY -395,826,926.24 in Q1 2022, compared to CNY -194,606,450.65 in Q1 2021[54]. - Cash inflow from financing activities in Q1 2022 was RMB 5.81 billion, a decrease of 20.5% compared to RMB 7.34 billion in Q1 2021[38]. - The net cash flow from financing activities in Q1 2022 was RMB 2.60 billion, compared to RMB 673 million in Q1 2021, indicating a significant increase[38]. - The company reported a net increase in cash and cash equivalents of RMB 1,475.66 million, down from RMB 2,434.26 million in the same quarter last year[59]. Expenses - Operating costs for Q1 2022 were CNY 4,421,507,378.87, down from CNY 4,610,369,025.70 in Q1 2021, showing a decrease of approximately 4.1%[23]. - Research and development expenses for Q1 2022 were CNY 79,101,864.43, compared to CNY 111,295,585.70 in Q1 2021, indicating a reduction of about 29%[24]. - Financial expenses, including interest expenses, decreased to CNY 75,624,777.80 in Q1 2022 from CNY 113,856,874.45 in Q1 2021, a decline of approximately 33.5%[24]. - The company reported a significant increase in cash received from minority shareholders' investments, totaling RMB 2.59 billion in Q1 2022, compared to RMB 600 million in Q1 2021, marking a growth of 331.7%[38]. Audit and Compliance - The report indicates that the financial statements have not been audited[2]. - The company has not provided any audited financial statements for the reporting period[11]. - The company did not apply the definition of non-recurring gains and losses to any of its regular business operations[7]. - The company has not disclosed any significant related party transactions among the top shareholders[10].

Financial Performance - The net profit attributable to shareholders for the year 2021 was -950,129,673.17 RMB, indicating a loss[4]. - As of December 31, 2021, the company's undistributed profits amounted to -51,199,827.53 RMB[4]. - The board proposed no cash dividend distribution for the year 2021, nor any capital reserve transfer to increase share capital[4]. - The company's operating revenue for 2021 was CNY 2,334,819.63 million, representing a 1.40% increase compared to 2020[28]. - The net profit attributable to shareholders for 2021 was a loss of CNY 95,012.97 million, an improvement of 51.92% from the previous year's loss[28]. - The net cash flow from operating activities for 2021 was CNY 73,421.50 million, showing a 20.22% increase from 2020[28]. - The total assets at the end of 2021 amounted to CNY 5,882,803.53 million, reflecting a 7.96% increase compared to the end of 2020[28]. - The net assets attributable to shareholders decreased by 12.55% to CNY 763,711.78 million at the end of 2021[28]. - The basic earnings per share for 2021 was CNY -0.37, improving by 47.89% from CNY -0.71 in 2020[28]. - The company reported a significant decline in trade business revenue, which was ¥326,436,722.07 in 2021, down 79.46% from ¥1,589,019,470.35 in 2020, with a gross margin of -31.74%[66]. - The total operating cost for 2021 was ¥1,413,370,131.40, a decrease of 6.53% from ¥1,512,041,777.91 in 2020[66]. Risk Factors - The company anticipates facing risks in 2022, including health risks from COVID-19, market changes, competition, debt, cash flow, and operational efficiency[4]. - The report includes a forward-looking statement risk declaration, indicating that actual results may differ from projections due to various factors[4]. - The company emphasizes the importance of investor awareness regarding potential investment risks associated with forward-looking statements[4]. - The company faces risks including personnel health risks due to COVID-19, market changes, competition risks, debt risks, cash flow risks, and operational efficiency risks[134][135][136][139][140]. Audit and Governance - The audit report for the financial statements was issued by Da Xin Certified Public Accountants, confirming a standard unqualified opinion[4]. - The board of directors and supervisory board members attended the board meeting, ensuring accountability for the report's accuracy[4]. - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report's financial information[4]. - The audit committee has reviewed the annual performance of the group for 2021 and the consolidated financial statements as of December 31, 2021[193]. - The company has established a governance structure that complies with the Company Law and relevant regulations, enhancing its governance level[200]. - As of the end of 2021, 31 out of 64 strategic units have established boards of directors, with 7 dedicated directors appointed to 3 key subsidiaries[200]. - The company revised its Articles of Association and related governance rules in 2021 to align with the latest capital market regulations[200]. Project and Contract Management - The company signed new contracts worth 44.7 billion RMB and achieved operating revenue of 23.3 billion RMB, with an operating cash flow of 734 million RMB for the year[39]. - The company has a total of 229 qualifications covering all major aspects of the industry, including design, construction, and supervision[106]. - The company has 4,894 domestic projects amounting to RMB 10,431,671.34 million and 97 overseas projects totaling RMB 1,460,262.49 million[93]. - The company reported an increase in contract liabilities to RMB 3,254.57 million, reflecting a 22.3% increase year-on-year due to increased advance payments for new projects[84]. - The company has established a comprehensive subcontractor selection and management system to ensure quality and compliance in project execution[110]. Research and Development - Research and development expenses increased by 25.81% to 604.16 million RMB, reflecting the company's commitment to enhancing R&D investment[56]. - The number of R&D personnel was 2,584, representing 20.6% of the total workforce, with a significant portion holding advanced degrees[77]. - The company aims to enhance its R&D capabilities in various sectors, including aluminum production and intelligent manufacturing, to address market demands and environmental goals[80]. - The company actively pursued green and low-carbon technology innovations, achieving 15 results recognized as internationally leading by industry experts[40]. Market and Industry Trends - The non-ferrous metal industry in China is transitioning from scale expansion to high-quality development, with a focus on innovation and efficiency improvements[122]. - The urbanization rate in China is expected to exceed 70% by 2035, driving demand for construction and infrastructure projects[122]. - The domestic non-ferrous construction market has significantly shrunk due to national policies, with fewer new projects in 2021, while the civil construction market remains stable but increasingly concentrated[136]. Financial Management - The company has optimized its capital structure, increasing the proportion of long-term financing and reducing financing costs compared to the previous year[41]. - The company's financing balance at the end of the reporting period was CNY 229.74 billion, an increase of 10.84% from the end of 2020, primarily due to new project financing of CNY 31 billion[112]. - The company issued CNY 10 billion in short-term financing bonds in January 2021 and registered a CNY 16 billion debt financing plan in October 2021[112]. - The net cash flow from financing activities in 2021 was RMB 3,436.30 million, an increase of RMB 2,410.44 million year-on-year, primarily due to capital contributions from minority shareholders[81]. Corporate Social Responsibility - The company has made charitable donations totaling approximately RMB 1.554 million during the reporting period[146]. - The company maintained zero safety incidents and environmental events throughout the year, demonstrating a strong commitment to safety and quality[40].