Financial Performance - In 2022, the company achieved operating revenue of RMB 592.669 billion, an increase of 18.40% year-on-year[11]. - The total profit for the year was RMB 15.392 billion, reflecting a year-on-year growth of 9.85%[11]. - The net profit attributable to shareholders was RMB 10.272 billion, up 22.66% compared to the previous year[11]. - The company's operating revenue for 2022 was CNY 592.67 billion, an increase of CNY 92.10 billion (18.40%) compared to 2021[29]. - The net profit attributable to shareholders of the listed company was CNY 10.27 billion, up CNY 1.90 billion (22.66%) from 2021[29]. - The net profit after deducting non-recurring gains and losses was CNY 9.67 billion, an increase of CNY 2.64 billion (37.48%) year-on-year[29]. - The total assets as of December 31, 2022, were CNY 585.38 billion, an increase of CNY 41.91 billion (7.71%) from the end of 2021[31]. - The total comprehensive income attributable to shareholders reached CNY 11,661,690 in 2022, compared to CNY 8,582,033 in 2021, marking an increase of 36.5%[34]. - The company's basic earnings per share for 2022 was CNY 0.45, an increase of CNY 0.10 from 2021[30]. - The weighted average return on net assets was 10.47%, an increase of 1.42 percentage points from the previous year[30]. Contracting and Project Achievements - The new contract amount signed reached RMB 1,343.574 billion, representing an 11.50% increase year-on-year[11]. - The company secured a 21.67% year-on-year growth in new metallurgical contracts, achieving a "Grand Slam" in major metallurgical projects[11]. - The company was awarded 10 Luban Awards, marking the highest number in its history[11]. - The company achieved a new record in new contract signing with a total of 1,300.449 billion RMB, representing a year-on-year growth of 12.03%[55]. - The new contracts in the metallurgical engineering sector amounted to 191.995 billion RMB, with a year-on-year increase of 21.67%, accounting for 14.76% of total new contracts[55]. - The company signed overseas engineering contracts worth 41.405 billion RMB, reflecting a year-on-year growth of 19.23%[55]. - The total amount of new contracts signed during the reporting period was 1,299,600 million RMB, with 2,991 projects exceeding 50 million RMB each[154]. Innovation and Research & Development - A total of 12,020 new patents were applied for, with 8,963 patents granted, bringing the cumulative effective patents to 47,120[11]. - The company led three national key research and development projects and five topics under the national plan[11]. - The company invested RMB 19.306 billion in R&D, accounting for 3.26% of total revenue, with over 7,000 R&D personnel[97]. - The company completed 155 technology achievement evaluations, with 26 classified as internationally leading and 71 as internationally advanced[99]. - The company initiated 30 major R&D projects under the "181 Plan" and 20 significant non-steel R&D projects in 2022[98]. - The company holds over 47,000 effective patents, with a strong focus on ecological and environmental protection technologies, achieving a 60% market share in large-scale waste incineration design[94]. Market Position and Strategic Goals - The company aims to become a world-class enterprise with strong core competitiveness in metallurgical construction and operation services, focusing on creating value and enhancing market competitiveness[12]. - The company is recognized as the largest and strongest metallurgical construction contractor globally, ranking 6th in the ENR's "Top 250 Global Contractors" in 2022[16]. - The company aims to achieve its "One Creation, Two Bests, Five Strengths" goal while ensuring risk management and high-quality development[12]. - The company plans to continue its strategic initiatives in marketing, management improvement, and technological innovation to sustain growth in the future[41]. - The company aims to leverage opportunities in infrastructure investment, focusing on high-quality markets, clients, and projects to enhance competitiveness in sectors like highways and urban infrastructure[181]. Sustainability and Environmental Commitment - The company is committed to sustainable development and innovation, positioning itself as a leader in the new economy and emerging industries[17]. - The company is actively pursuing market expansion in clean energy, focusing on solar and wind energy projects to support national carbon neutrality goals[66]. - The company is committed to enhancing its environmental policies and practices, aligning with national regulations and standards[197]. - The company is focusing on energy efficiency improvements and reducing fossil fuel consumption, promoting the use of clean energy sources[197]. - The company is committed to improving resource output and cost control to address fluctuations in commodity prices that may impact operational costs[184]. Financial Management and Governance - The company aims to enhance management efficiency and risk control through reforms and improved governance structures, which are expected to positively impact operational performance[112]. - The company plans to optimize its financing structure and enhance capital efficiency to mitigate financial risks amid global economic pressures[183]. - The company has established a comprehensive security system to protect against data fraud and theft, ensuring the safety of sensitive information[187]. - The company is enhancing its network security measures to prevent potential cyber threats as it expands its international operations[188]. Workforce and Human Resources - The company has a workforce of 60,000 engineering professionals, including 1 academician of the Chinese Academy of Engineering and 13 national engineering design masters[18]. - The number of R&D personnel reached 7,465, representing 7.6% of the total workforce[129]. Safety and Compliance - The company conducted 73 safety inspections at headquarters and 5,199 inspections across subsidiaries throughout the year, emphasizing the importance of safety management[159]. - The company implemented a strict safety management system, including the establishment of a safety director system and the enforcement of safety regulations on construction sites[159]. - The company received national-level honors for 8 projects as "Construction Safety Standardization Sites" and 226 projects at the provincial level[158]. Real Estate and Construction Projects - The company is transitioning from a "real estate developer" to a "city operator," emphasizing the importance of meeting rigid and improvement demands while adhering to the "three red lines" policy[182]. - The company has ongoing projects in multiple locations, with a total land area of 2,688,000 square meters and a total floor area of 2,500,000 square meters[194]. - The company has successfully completed several key real estate projects, including the Shijiazhuang Zhongye Duxian Yufu project, enhancing living quality in the region[73].

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的內 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份內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2022年 年 度 業 績 公 告 概 要 本公司於2022年12月31日的財務狀況及2022年的經營結果如下： • 營業收入為5,926.69億元，較2021年的5,005.72億元增加920.97億元（增 幅18.40%）。 • 淨 利 潤 為129.27億 元，較2021年 的116.07億 元 增 加13.20億 元（增 幅 11.37%）。 • 歸 屬 上 市 公 司 股 東 淨 利 潤 為102.72億 元，較2021年 的83.75億 元 增 加 ...

会议召开方式：现场会议+网络直播 现场会议地点：北京市朝阳区曙光西里28号中冶大厦B1会议室 网络直播地址："上证路演中心"（http://roadshow.sseinfo.com）和"路演中" （https://webcast.roadshowchina.cn/cmeet/UUZudk91QXhFZDlJNXo1Rmt5QUt5UT 09） 本公司拟于 2023 年 3 月 29 日收市后在上海证券交易所网站（www.sse.com.cn） 披露本公司 2022 年年度报告。为了便于广大投资者更全面深入地了解本公司 2022 年 年度业绩和经营情况，本公司拟于业绩披露后召开业绩说明会。 一、业绩说明会类型 A 股简称：中国中冶 A 股代码：601618 公告编号：2023-010 中国冶金科工股份有限公司 关于召开 2022 年度业绩说明会暨现金分红说明会的公告 中国冶金科工股份有限公司（以下简称"中国中冶"、"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个别及连带责任。 重要内容提示： 会议召开时间：2023年3月30日（星 ...

Financial Performance - The company's operating revenue for Q3 2022 was RMB 107,842,179 thousand, representing a year-on-year increase of 9.50%[4] - The net profit attributable to shareholders for Q3 2022 was RMB 840,342 thousand, a decrease of 29.43% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 985,772 thousand, down 13.20% year-on-year[4] - The basic earnings per share for Q3 2022 was RMB 0.04, a decrease of 20.00% compared to the same period last year[4] - The diluted earnings per share for Q3 2022 was also RMB 0.04, reflecting a 20.00% decline year-on-year[4] - The weighted average return on equity for Q3 2022 was 0.95%, a decrease of 0.20 percentage points compared to the previous year[4] - Total operating revenue for the first three quarters of 2022 reached RMB 397,043,921, an increase of 13.6% compared to RMB 349,487,686 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was RMB 8,943,380, representing an increase of 4.8% from RMB 8,530,086 in the same period of 2021[20] - The company reported a total profit of RMB 10,916,434 for the first three quarters of 2022, up from RMB 10,589,213 in 2021, indicating a growth of 3.1%[20] Assets and Liabilities - The total assets at the end of Q3 2022 reached RMB 630,247,816 thousand, an increase of 15.97% from the end of the previous year[5] - The total liabilities of the company as of September 30, 2022, were RMB 473.000 billion, up from RMB 392.082 billion, representing an increase of 20.7%[17] - The total liabilities as of September 30, 2022, were RMB 87,079,245 thousand, an increase from RMB 75,286,539 thousand as of December 31, 2021, indicating a rise of approximately 15.5%[25] - The total equity of the company as of September 30, 2022, was RMB 88,838,559 thousand, a decrease from RMB 90,899,187 thousand as of December 31, 2021, representing a decline of about 2.3%[25] Cash Flow and Financial Position - The company's cash and cash equivalents increased to RMB 57.025 billion from RMB 41.824 billion, reflecting a growth of 36.3% year-on-year[14] - Cash flow from operating activities showed a net outflow of RMB 1,569,564 for the first three quarters of 2022, an improvement from a net outflow of RMB 2,035,781 in 2021[22] - Cash and cash equivalents increased by RMB 14,561,615 in the first three quarters of 2022, compared to an increase of RMB 884,045 in the same period of 2021[23] - The company reported a substantial increase in cash flow from other operating activities, which amounted to RMB 30,537,527 in 2022, compared to RMB 7,000,605 in 2021[22] - The company incurred financial expenses of RMB 470,459 thousand in the first three quarters of 2022, significantly higher than RMB 71,872 thousand in the same period of 2021, indicating an increase of 553.5%[26] Shareholder Information - The net assets attributable to shareholders at the end of Q3 2022 were RMB 112,496,583 thousand, up 4.65% year-on-year[5] - The total number of ordinary shareholders at the end of the reporting period was 404,391[8] - The equity attributable to shareholders of the parent company increased to RMB 112.497 billion from RMB 107.495 billion, reflecting a growth of 4.7%[17] Contracts and Revenue Growth - The total new contracts signed in the first three quarters of 2022 amounted to RMB 935.274 billion, representing a year-on-year increase of 6.64%[12] - The company's contract assets reached RMB 118.018 billion, up from RMB 91.186 billion, representing a growth of 29.5%[16] Research and Development - Research and development expenses increased to RMB 11,693,764 in the first three quarters of 2022, up from RMB 9,920,013 in 2021, marking a rise of 17.9%[18] Reporting and Compliance - The financial report is for the third quarter of 2022, indicating a specific reporting period[32] - The announcement was made by the board of directors on October 27, 2022, highlighting the importance of the report[32] - The report includes key financial data that may reflect the company's performance during the quarter[32] - The report is structured to comply with regulatory requirements, ensuring transparency[32] - The content suggests a focus on compliance rather than detailed performance analysis[32] Other Observations - The company has maintained a stable dividend policy, with the dividend payable increasing to RMB 728.564 million from RMB 495.521 million, reflecting a growth of 47.1%[17] - The company reported interest income of RMB 1,958,703 thousand for the first three quarters of 2022, up from RMB 1,463,893 thousand in the same period of 2021, reflecting a growth of 33.9%[28] - The company has adopted new accounting standards starting from 2022, which may affect the financial statements for the year[32] - The report does not specify any performance metrics or user data, indicating a lack of detailed financial insights[32] - There is no mention of future outlook or guidance in the provided content[32] - The document does not discuss new products, technologies, market expansion, or mergers and acquisitions[32]

Financial Performance - The company's operating revenue for the third quarter reached RMB 107,842,179 thousand, representing a year-on-year increase of 9.50%[3] - Net profit attributable to shareholders was RMB 840,342 thousand, showing a decrease of 29.43% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was RMB 985,772 thousand, down 13.20% year-on-year[3] - The company reported a basic earnings per share of RMB 0.04, a decrease of 20.00% compared to the same period last year[3] - The weighted average return on net assets was 0.95%, a decrease of 0.20 percentage points compared to the previous year[3] - The company reported a net loss of 145,430,000 for the current period, compared to a profit of 107,057,000 in the previous period[5] - Total comprehensive income for the first three quarters of 2022 was 9,927,104, compared to 8,355,014 in 2021, indicating a growth of 18.8%[22] - The net income attributable to the parent company was RMB 7,566,750 thousand, up 27.5% from RMB 5,939,288 thousand in the same period last year[63] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 630,247,816 thousand, reflecting a year-on-year increase of 15.97%[3] - The net assets attributable to shareholders of the listed company were RMB 112,496,583 thousand, an increase of 4.65% compared to the previous year[3] - Total liabilities as of September 30, 2022, were RMB 473.000 billion, compared to RMB 392.082 billion at the end of 2021[18] - The company's total assets reached RMB 630.248 billion, an increase from RMB 543.470 billion year-on-year[18] - The total liabilities increased to RMB 87,079,245 thousand as of September 30, 2022, compared to 75,286,539 thousand at the end of 2021, reflecting a rise of 15.5%[32] - The company's total equity decreased to 88,838,559 thousand RMB as of September 30, 2022, down from 90,899,187 thousand RMB at the end of 2021, reflecting a decline of 2.3%[33] Cash Flow - The company generated a net cash flow from operating activities of RMB (1,569,564) thousand, indicating a negative cash flow situation[3] - The company reported a net cash flow from operating activities of (1,569,564) for the first three quarters of 2022, an improvement from (2,035,781) in 2021[25] - Cash inflows from operating activities totaled RMB 393,023,840 thousand, compared to RMB 336,802,250 thousand in 2021, marking a 16.6% increase[66] - The net cash flow from operating activities was negative RMB 1,569,564 thousand, an improvement from negative RMB 2,035,781 thousand in the previous year[66] - The net cash flow from investment activities was (8,708,655) thousand RMB, an improvement from (13,252,538) thousand RMB in 2021[39] - The net cash flow from financing activities was 5,925,410 thousand RMB, slightly down from 6,513,602 thousand RMB in 2021[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 404,391[6] - China Metallurgical Group Corporation holds 49.18% of the shares, amounting to 10,190,955,300 shares[7] - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning nearly half of the total shares[8] - The company has no preferred shareholders with restored voting rights[6] - The company has not identified any related party relationships or concerted actions among the top shareholders[11] Research and Development - Research and development expenses increased to 11,693,764, up 17.9% from 9,920,013 in the previous year[20] - The company plans to continue expanding its market presence and invest in new product development[44] Contract and Revenue Growth - The total new contracts signed in the first three quarters of 2022 amounted to RMB 935.274 billion, representing a year-on-year growth of 6.64%[13] - Total operating revenue for the first three quarters of 2022 reached 397,043,921, an increase of 13.6% compared to 349,487,686 in the same period of 2021[20]

Financial Performance - The company achieved operating revenue of RMB 289.202 billion, a year-on-year increase of 15.22%[29] - Total profit reached RMB 8.648 billion, up 7.69% year-on-year, with net profit attributable to shareholders of RMB 5.871 billion, an increase of 18.91%[29] - Operating revenue for the first half of 2022 was CNY 289.20 billion, an increase of 15.22% compared to CNY 251.00 billion in the same period last year[44] - Net profit attributable to shareholders was CNY 5.87 billion, up 18.91% from CNY 4.94 billion year-on-year[44] - The net profit after deducting non-recurring gains and losses reached CNY 5.62 billion, reflecting a significant increase of 31.91% from CNY 4.26 billion in the previous year[44] - Total assets as of June 30, 2022, amounted to CNY 610.29 billion, representing a 12.29% increase from CNY 543.47 billion at the end of the previous year[44] - The net assets attributable to shareholders were CNY 111.17 billion, an increase of 3.42% from CNY 107.49 billion year-on-year[44] - Basic earnings per share for the first half of 2022 were CNY 0.24, up from CNY 0.21 in the same period last year, marking a 14.29% increase[45] - The weighted average return on net assets was 5.65%, slightly up from 5.56% in the same period last year[45] Contracting and Project Management - New contracts signed amounted to RMB 647 billion, reflecting a year-on-year growth of 5.2%[29] - The company plans to focus on "market expansion" and "project management" as key strategies for the second half of the year[29] - The company aims to maintain its annual operational targets and ensure high-quality completion of all objectives[29] - The total new contracts signed in the first half of 2022 reached RMB 628.09 billion, a year-on-year increase of 6.15%, with non-metallurgical contracts accounting for 84.29% of the total[55] - The company signed significant contracts for major projects, including the Jiangsu Yonggang capacity replacement project and the Yukun Steel total package project, reinforcing its market position[57] - The company has achieved a historical high in new contract amounts during the reporting period, with significant projects including the urban renewal project in Cangzhou City valued at 11.97 billion yuan[63] Research and Development - The company applied for 4,992 new patents and was granted 4,323 patents, bringing the total number of valid patents to 43,775[29] - The company has accumulated 82 national patent awards and 55 national science and technology awards since 2000[29] - The company has established 27 national-level technology innovation platforms[29] - The company aims to enhance its project performance capabilities by strengthening project planning and management, and advancing project control platform construction and application[30] - The company is focusing on innovation and has initiated 50 major R&D projects under the "181 Plan," aimed at enhancing core technologies in metallurgical construction[57] Market Expansion and Strategy - The company is committed to expanding its market presence while ensuring contract quality and optimizing business structure and regional layout[30] - The company has expanded its influence in overseas markets, successfully signing contracts for metallurgical projects in Vietnam and India, among others[58] - The company continues to focus on the three major economic zones: Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area, prioritizing land acquisition in first-tier cities[71] Environmental and Safety Management - The company continues to implement the green development concept, focusing on environmental management and safety production standards[154] - The company has established various management measures to promote energy conservation and environmental protection, aligning with national requirements for energy-saving and environmental management[166] - The company is committed to enhancing its wastewater treatment capabilities through technological advancements and process improvements[172] - The company aims to comply with the pollutant discharge standards set by GB18918-2002 for all its wastewater treatment plants[172] - The company has implemented stringent monitoring protocols to ensure adherence to pollution control standards across its facilities[180] Financial Management and Risks - The company faces risks from macroeconomic conditions, including international and domestic economic trends, which may affect procurement, production, and sales[97] - The company is addressing commodity price risks by enhancing research on market trends and adjusting procurement and sales strategies to mitigate cost impacts[151] - The company recognizes environmental and safety production risks inherent in its operations across multiple sectors, necessitating high standards for safety and environmental management[153] Governance and Compliance - The governance structure has been strengthened, with the board of directors and management effectively communicating and coordinating decision-making processes[157] - The company held two shareholder meetings and six board meetings during the reporting period, adhering to legal and regulatory requirements[158] - The financial and audit committee reviewed the unaudited interim results for the six months ending June 30, 2022, and confirmed compliance with applicable accounting standards and legal requirements[165] Workforce and Talent Management - The company has a workforce of 60,000 engineering technicians, including 1 academician of the Chinese Academy of Engineering and 13 national engineering design masters[32] - The company focuses on building a fair and competitive environment for talent selection to enhance employee motivation and initiative[31] - The company aims to integrate party building work with production and operations to leverage political, organizational, and institutional advantages for development[31]

Financial Performance - The company reported a revenue of RMB 10 billion for the first half of 2022, representing a year-on-year increase of 15%[3]. - The net profit attributable to shareholders was RMB 1.5 billion, up 20% compared to the same period last year[3]. - The company achieved operating revenue of 289.202 billion yuan, a year-on-year increase of 15.22%[8]. - The total profit reached 8.648 billion yuan, up 7.69% year-on-year, with net profit attributable to shareholders of 5.871 billion yuan, reflecting an 18.91% increase[8]. - The company's operating revenue for the first half of 2022 was CNY 289.20 billion, an increase of 15.22% compared to CNY 251.00 billion in the same period last year[19]. - Net profit attributable to shareholders was CNY 5.87 billion, up 18.91% from CNY 4.94 billion in the previous year[19]. - The company reported a comprehensive income total of RMB 7,767,846 thousand for the first half of 2022, compared to RMB 6,599,485 thousand in the same period of 2021, indicating an increase of 17.7%[24]. User and Market Expansion - The company has expanded its user base by 25%, reaching a total of 5 million active users[3]. - Market expansion efforts include entering two new provinces, which are expected to contribute an additional RMB 200 million in revenue[3]. - The company has completed a strategic acquisition of a local competitor for RMB 1 billion, enhancing its market share[3]. - The company aims to maintain strategic focus on "stabilizing growth" and plans to enhance market expansion and project management[8]. - The company is expanding its market presence through strategic partnerships with local governments and large enterprises, enhancing its competitive advantage in the infrastructure sector[36]. Research and Development - The company is investing RMB 500 million in R&D for new technologies aimed at enhancing operational efficiency[3]. - The company applied for 4,992 new patents and received 4,323 new patent authorizations, with a total of 43,775 valid patents[8]. - Research and development expenses increased to RMB 7,638,329 thousand, representing a rise of 27.1% from RMB 6,008,195 thousand in the previous year[23]. - The company initiated 50 major R&D projects under the "181 Plan" for metallurgical construction, focusing on key technologies for green development and intelligent manufacturing[32]. Financial Strategy and Outlook - Future outlook indicates a projected revenue growth of 10% for the second half of 2022, driven by new product launches and market expansion strategies[3]. - The company plans to increase its capital expenditure by 30% in 2023 to support growth initiatives[3]. - The board has approved a dividend distribution plan, with a proposed payout ratio of 30% of net profit for the first half of 2022[3]. - The company is enhancing its financing structure and collaborating with financial institutions to manage foreign exchange risks and reduce financial costs[99]. Operational Efficiency and Cost Management - The company's operating costs increased to 262,190,220 thousand RMB, a rise of 15.73% year-on-year, influenced by rising raw material and labor costs[64]. - The company is adjusting its procurement and sales strategies in response to fluctuations in commodity prices, while also improving production processes to lower costs[100]. - The company aims to maintain a "fast mining, fast selling" operational strategy to achieve better production and sales performance in the second half of the year[60]. Environmental and Compliance Efforts - The company emphasizes risk control and compliance, aiming to improve its risk prevention and control capabilities[8]. - The company is committed to strengthening safety and environmental management to mitigate risks associated with production and environmental compliance[102]. - The company has established a comprehensive confidentiality system to protect sensitive information, with no incidents of data fraud or theft reported during the reporting period[103]. - The company is actively monitoring and improving its discharge metrics to align with national environmental standards[28]. Shareholder and Corporate Governance - The company held two shareholder meetings and six board meetings during the reporting period, ensuring compliance with relevant laws and regulations[107]. - The company guarantees compliance with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, ensuring equal shareholder rights and obligations[137]. - The total number of ordinary shareholders as of the end of the reporting period is 416,037[160]. - The largest shareholder, China Metallurgical Group Corporation, holds 49.18% of the shares, totaling 10,190,955,300 shares[161]. Challenges and Market Conditions - The real estate sector faces challenges due to stringent financial regulations, impacting short-term funding for real estate companies[97]. - In 2022, the company faced significant challenges in the global financial market, including inflation and geopolitical tensions, leading to substantial fluctuations in the international financial market and the RMB/USD exchange rate[99]. - The company is adjusting its operational strategies to effectively mitigate risks and promote high-quality development amid economic uncertainties[94].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 118,026,827, representing a 25.00% increase compared to the same period last year[4] - The net profit attributable to shareholders for Q1 2022 was RMB 2,681,072, reflecting a 25.46% year-on-year growth[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,581,676, which is a 27.69% increase from the previous year[4] - The basic earnings per share for Q1 2022 was RMB 0.12, up by 20.00% year-on-year[4] - Total operating revenue for Q1 2022 reached ¥118,026,827, a 25% increase from ¥94,423,385 in Q1 2021[13] - Net profit for Q1 2022 was ¥3,793,525, representing a 25% increase compared to ¥3,038,068 in Q1 2021[13] - Total comprehensive income for Q1 2022 was ¥3,812,326, up from ¥3,014,708 in Q1 2021[14] - Basic earnings per share for Q1 2022 was ¥0.12, compared to ¥0.10 in Q1 2021[14] Assets and Liabilities - The total assets at the end of Q1 2022 amounted to RMB 583,639,494, an increase of 7.39% from the end of the previous year[5] - The total liabilities increased to RMB 429,146.864 million in Q1 2022 from RMB 392,082.388 million in Q1 2021, marking an increase of about 9.5%[12] - The total equity attributable to shareholders reached RMB 109,920.780 million in Q1 2022, up from RMB 107,494.977 million in Q1 2021, indicating a growth of about 2.3%[12] - The equity attributable to shareholders at the end of Q1 2022 was RMB 109,920,780, showing a 2.26% increase compared to the end of the previous year[5] Cash Flow - The net cash flow from operating activities for Q1 2022 was negative at RMB -14,542,276, which is not applicable for year-on-year comparison[4] - Cash flow from operating activities showed a net outflow of ¥14,542,276, compared to a net outflow of ¥12,987,113 in Q1 2021[15] - The company reported a net cash inflow from financing activities of ¥30,200,770 in Q1 2022, compared to ¥5,519,334 in Q1 2021[16] - The company's cash and cash equivalents increased to RMB 54,362.559 million in Q1 2022, up from RMB 41,824.464 million in Q1 2021, reflecting a growth of approximately 29.5%[11] - Cash and cash equivalents at the end of Q1 2022 totaled ¥44,707,413, an increase from ¥38,068,731 at the end of Q1 2021[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 424,620[7] Contracts and Revenue Growth - The total new contracts signed in Q1 2022 amounted to RMB 319.114 billion, representing a year-on-year growth of 13.74%[10] Expenses and Costs - Total operating costs for Q1 2022 were ¥112,295,501, a 25.2% increase from ¥89,682,121 in Q1 2021[13] - Research and development expenses increased to ¥2,627,098, up 54.7% from ¥1,699,799 in Q1 2021[13] Other Financial Metrics - The weighted average return on equity for Q1 2022 was 2.87%, an increase of 0.13 percentage points compared to the previous year[4] - Non-recurring gains and losses totaled RMB 99,396 for the period, after accounting for tax and minority interests[6] - The company experienced a decrease in investment income, reporting a loss of ¥184,458 in Q1 2022 compared to a loss of ¥135,449 in Q1 2021[13] - The company reported a decrease in contract liabilities to RMB 77,067.411 million in Q1 2022 from RMB 87,092.166 million in Q1 2021, indicating a decline of about 11.5%[12] - The company's inventory rose to RMB 73,487.951 million in Q1 2022, compared to RMB 61,847.522 million in Q1 2021, reflecting an increase of approximately 18.8%[11] - Accounts receivable reached RMB 91,256.066 million in Q1 2022, compared to RMB 83,881.695 million in Q1 2021, indicating an increase of about 8.2%[11] - Short-term borrowings increased significantly to RMB 51,891.276 million in Q1 2022 from RMB 21,395.848 million in Q1 2021, representing a growth of approximately 142.5%[12] - The company’s non-current assets totaled RMB 129,644.842 million in Q1 2022, slightly down from RMB 131,154.503 million in Q1 2021, reflecting a decrease of about 1.2%[11]

Financial Performance - The company's operating revenue for the first quarter reached RMB 118,026,827, representing a year-on-year increase of 25.00%[3] - Net profit attributable to shareholders of the listed company was RMB 2,681,072, reflecting a growth of 25.46% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,581,676, an increase of 27.69% year-on-year[3] - Basic earnings per share for the quarter was RMB 0.12, up by 20.00% from the previous year[3] - Total revenue for Q1 2022 reached RMB 118,026,827, a 25% increase from RMB 94,423,385 in Q1 2021[18] - Operating profit for Q1 2022 was RMB 7,291, a decrease from RMB 8,123 in Q1 2021[18] - Net profit attributable to shareholders for Q1 2022 was RMB 2,681,072, up from RMB 2,137,039 in Q1 2021, representing a 25.5% increase[19] - Total comprehensive income for Q1 2022 was 3,812,326, an increase from 3,014,708 in Q1 2021[45] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -14,542,276, indicating a significant cash outflow[3] - Cash flow from operating activities showed a net outflow of RMB 14,542,276 thousand in Q1 2022, compared to a net outflow of RMB 12,987,113 thousand in Q1 2021[23] - The net cash inflow from financing activities in Q1 2022 was RMB 30,200,770 thousand, significantly higher than RMB 5,519,334 thousand in Q1 2021[24] - Cash and cash equivalents at the end of Q1 2022 amounted to RMB 44,707,413 thousand, up from RMB 38,068,731 thousand at the end of Q1 2021[24] - The net increase in cash and cash equivalents for Q1 2022 was 13,490,589, a turnaround from a decrease of 4,096,571 in Q1 2021[49] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 583,639,494, a 7.39% increase from the end of the previous year[3] - As of March 31, 2022, the company's total current assets reached RMB 453.995 billion, up from RMB 412.316 billion as of December 31, 2021, indicating a growth of approximately 10.1%[14] - Total liabilities increased to RMB 429,146,864 as of March 31, 2022, up from RMB 392,082,388 at the end of 2021[16] - Long-term borrowings rose to RMB 28,104,587 as of March 31, 2022, compared to RMB 25,332,533 at the end of 2021[16] - The total amount of receivables financing decreased to RMB 10.572 billion from RMB 11.858 billion, a decline of about 10.8%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 424,620[5] - The largest shareholder, China Metallurgical Group Corporation, holds 49.18% of the shares[5] - The company reported a total of 10,190,955,300 shares held by China Metallurgical Group Corporation, representing a significant portion of the unlimited sale condition shares[7] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 2,842,123,951 shares, accounting for 13.71%[30] - The top ten shareholders include major entities such as China Petroleum & Natural Gas Group, holding 1,227,760,000 shares, which is a substantial stake in the company[7] Research and Development - Research and development expenses increased to RMB 2,627,098 in Q1 2022, compared to RMB 1,699,799 in Q1 2021, reflecting a 54.7% rise[18] Contracts and Business Growth - The company signed new contracts totaling RMB 319.114 billion in Q1 2022, representing a year-on-year increase of 13.74%, with engineering contracts amounting to RMB 310.5 billion[11] - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[36] Non-Operating Income - The company reported non-operating income of RMB 99,396 after accounting for various non-recurring gains and losses[4] - Non-operating income for the period amounted to RMB 99,396,000, with government subsidies contributing RMB 96,106,000[29]

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 8,374,970 thousand, with an undistributed profit of RMB 5,846,248 thousand[5]. - The proposed cash dividend is RMB 0.78 per 10 shares, totaling RMB 1,616,442 thousand, which accounts for 19.30% of the net profit attributable to shareholders[5]. - The company reported a strong performance in 2021, achieving historical highs in operating results and quality of development[16]. - In 2021, the company achieved operating revenue of CNY 500.57 billion, a year-on-year increase of 25.11%[17]. - The total profit reached CNY 14.01 billion, up 17.58% year-on-year, while net profit attributable to the parent company was CNY 8.38 billion, reflecting a 6.52% increase[17]. - The total comprehensive income attributable to shareholders of the parent company for 2021 was RMB 8,582,033 thousand, compared to RMB 7,622,183 thousand in 2020, indicating an increase of about 12.6%[34]. - The company reported a total profit of RMB 14,012,179 thousand for 2021, which is an increase from RMB 11,917,270 thousand in 2020, representing a growth of approximately 17.5%[33]. - The basic earnings per share for 2021 was RMB 0.35, an increase of RMB 0.03 from RMB 0.32 in 2020[30]. - The cash flow from operating activities was RMB 176.40 billion, a decrease of RMB 10.39 billion (37.07%) from RMB 280.32 billion in 2020[29]. Business Challenges and Market Conditions - The company faced challenges due to the ongoing COVID-19 pandemic and complex international political and economic conditions, impacting procurement, production, and sales[6]. - The company’s business is influenced by national policies, particularly the "carbon peak and carbon neutrality" goals, which have led to increased carbon emission restrictions and a rational return to stable development in the real estate sector[6]. - In 2021, global mineral product prices experienced a significant rebound, affecting the company's operational performance[6]. - The real estate market is expected to stabilize with an average annual sales area of 1.34 billion square meters during the 14th Five-Year Plan, reflecting a shift from high growth to stable development[43]. - The company anticipates that urbanization will continue to drive demand in the real estate sector, particularly in old city renovations and affordable housing projects[43]. Strategic Initiatives and Future Plans - The company aims to enhance its business structure and market layout in response to changes in industry policies and market demand[6]. - The company plans to utilize the remaining undistributed profit of RMB 4,229,806 thousand for business development and future distributions[5]. - The company aims to enhance investment risk control, contract performance capabilities, and talent development in 2022[18]. - The company plans to optimize marketing quality and project incentive mechanisms while improving project profitability[18]. - The company is focusing on green, low-consumption, intelligent, and efficient goals in its R&D of new processes and technologies[51]. - The company is actively pursuing opportunities in green low-carbon projects and has secured several major construction projects[51]. - The company aims to optimize its industry and market layout while focusing on technological innovation to maintain steady growth in operations[41]. Research and Development - The company has accumulated over 40,000 valid patents, with more than 8,000 new effective patents added recently[20]. - Research and development expenses for 2021 were RMB 15,901,198 thousand, up from RMB 12,326,903 thousand in 2020, marking a significant increase of about 29%[33]. - The company initiated 62 major R&D projects under the "181 Plan," focusing on green development and intelligent manufacturing[84]. - The company is committed to a development strategy centered on high-end, diversified, small-batch, and high-yield production[79]. Operational Highlights - The company secured 10 major projects worth over CNY 10 billion each, reinforcing its market position as a leading metallurgical construction contractor[17]. - The company completed 6,786 projects during the reporting period, with a total value of RMB 55,707.528 million, including 6,627 domestic projects valued at RMB 54,356.775 million and 159 overseas projects valued at RMB 1,350.753 million[138]. - The company has 13,782 ongoing projects with a total value of RMB 406,582.625 million, including 4,896 in housing construction, 2,688 in infrastructure, and 4,387 in metallurgy[139]. - The company signed 2,675 new projects during the reporting period, each valued over RMB 50 million, totaling RMB 112,099.6 million[142]. Corporate Governance and Compliance - The company has maintained an A-level rating for information disclosure from the Shanghai Stock Exchange for five consecutive years[186]. - The board of directors established five specialized committees to enhance decision-making and governance efficiency[185]. - The company actively implemented the three-year reform action plan for state-owned enterprises, improving governance structures across subsidiaries[185]. - The company emphasized the importance of maintaining independence from its controlling shareholders in operations and governance[189]. Environmental and Social Responsibility - The company is committed to environmental protection and safety production, implementing strict regulations and training to prevent accidents and ensure compliance with ecological standards[172]. - The company has implemented energy-saving measures, focusing on reducing fossil fuel consumption and promoting clean energy alternatives[182]. - During the reporting period, the total donations made by the company were CNY 2.1846 million, including CNY 867.914 million allocated for poverty alleviation[178].