Financial Performance - Operating revenue for the period reached CNY 33.40 billion, marking a 19.89% increase from the same period last year[10] - Net profit attributable to shareholders was CNY 899.42 million, up 12.29% year-on-year[10] - Basic earnings per share rose to CNY 0.0937, reflecting a 12.29% increase compared to the previous year[10] - Net profit for Q1 2014 was ¥960.19 million, up 18.5% from ¥810.15 million in Q1 2013[26] - Operating profit for Q1 2014 was ¥1.17 billion, compared to ¥968.08 million in Q1 2013, reflecting a growth of 20.7%[26] - The total comprehensive income for Q1 2014 was ¥964.01 million, up from ¥817.30 million in the previous year, an increase of 17.9%[27] Asset and Liability Changes - Total assets increased by 4.41% to CNY 241.67 billion compared to the end of the previous year[10] - Current liabilities rose to ¥118.49 billion, compared to ¥117.47 billion in the previous period, indicating a slight increase in short-term financial obligations[22] - Long-term borrowings increased to ¥62.68 billion from ¥55.72 billion, reflecting the company's strategy to finance growth through debt[23] - Total assets decreased to ¥59.96 billion from ¥64.47 billion at the beginning of the year, a decline of approximately 7.8%[25] - Total liabilities decreased to ¥35.12 billion from ¥39.48 billion, a reduction of about 11.5%[25] Cash Flow Analysis - Net cash flow from operating activities improved significantly to CNY 1.11 billion, a turnaround from a negative cash flow of CNY 2.26 billion in the previous year[10] - Cash flow from operating activities improved by 149.33% to ¥1.11 billion, driven by increased advance payments and pre-sale funds from real estate projects[16] - Total cash inflow from operating activities reached RMB 36.58 billion, compared to RMB 27.94 billion in the previous year, marking an increase of approximately 30%[31] - Cash outflow from operating activities was RMB 35.47 billion, up from RMB 30.20 billion, indicating a rise of about 17%[31] - The ending cash and cash equivalents balance was RMB 35.42 billion, up from RMB 29.62 billion year-over-year, representing an increase of about 19.6%[32] Shareholder Information - The number of shareholders totaled 90,093 at the end of the reporting period[13] - The largest shareholder, China Water Resources and Hydropower Construction Group, holds 66.77% of the shares[13] Financial Indicator Changes - The weighted average return on equity increased by 0.06 percentage points to 2.62%[10] - Significant changes in financial indicators included a 49.26% decrease in trading financial assets due to forward foreign exchange contract settlements[15] - Operating tax and additional fees increased by 31.75% to ¥784.72 million due to increased land value tax from real estate development[16] - Sales expenses surged by 87.09% to ¥98.59 million as a result of expanded real estate development scale and increased marketing investments[16] - Financial expenses decreased by 37.07% to ¥474.80 million, attributed to net exchange gains from the appreciation of major currencies like USD and EUR[16] - Investment income fell by 72.57% to ¥11.16 million due to declining economic performance of certain joint ventures[16] - Other comprehensive income decreased by 46.57% to ¥3.82 million, impacted by losses from cash flow hedging instruments and foreign currency translation adjustments[16] Minority Interest - Minority interest profit surged by 561.12% to ¥60.77 million, influenced by the acquisition of Nanguo Real Estate[16]

Financial Performance - The net profit attributable to shareholders for 2013 was CNY 4,555,996,812.53, while the parent company achieved a net profit of CNY 1,261,025,670.94[7]. - The proposed cash dividend distribution is CNY 1.43 per 10 shares, totaling CNY 1,372,800,000.00, which accounts for 86.91% of the parent company's distributable profit and 30.13% of the consolidated net profit[8]. - The remaining undistributed profit of CNY 206,787,239.05 will be carried forward to future years for distribution[8]. - The company plans to allocate 10% of the parent company's net profit, amounting to CNY 126,102,567.09, to statutory reserves[7]. - The company's operating revenue for 2013 was CNY 144.84 billion, representing a year-on-year increase of 13.99% compared to CNY 127.06 billion in 2012[24]. - The net profit attributable to shareholders for 2013 was CNY 4.56 billion, an increase of 10.39% from CNY 4.13 billion in 2012[24]. - The total assets of the company reached CNY 231.46 billion at the end of 2013, reflecting a 25.53% increase from CNY 184.39 billion at the end of 2012[24]. - The net cash flow from operating activities for 2013 was CNY 5.40 billion, a significant increase of 141.85% compared to CNY 2.23 billion in 2012[24]. - The basic earnings per share for 2013 was CNY 0.4746, up 10.39% from CNY 0.4299 in 2012[27]. - The company reported non-operating income of CNY 28.98 million in 2013, compared to CNY 234.01 million in 2012[28]. - The company received government subsidies amounting to CNY 56.98 million in 2013, down from CNY 172.40 million in 2012[26]. Shareholder Information - The total number of shares for dividend distribution is based on the company's total share capital of 960 million shares[8]. - The company has not adjusted its cash dividend policy for 2013, ensuring compliance with its articles of association and protecting the rights of minority investors[96]. - The company plans to distribute a cash dividend of RMB 1.43 per 10 shares for the year 2013, based on a total share capital of 960,000,000 shares[97]. - The total number of shares is 9,600,000,000, with 68.72% being restricted shares and 31.28% being unrestricted shares[121]. - The company has a commitment from its major shareholder to not reduce their holdings for 12 months following the last share increase[122]. - The company has a total of 6,300,000,000 shares held by state-owned legal entities, accounting for 65.63% of the total shares[121]. Business Operations - The company completed the acquisition of two subsidiaries in November 2013, which impacted the financial results for 2012 and 2011[25]. - The company achieved a significant increase in international business, with new contracts signed amounting to RMB 73.712 billion, a year-on-year increase of 13.51%[39]. - The company expanded its international business, securing projects in 72 countries and increasing its global brand influence[48]. - The company has optimized its industrial structure, significantly increasing its market share in non-traditional sectors such as highways, railways, and municipal projects, while enhancing synergy among its engineering, investment, and real estate segments[67]. - The company plans to sign new contracts worth CNY 237.44 billion in 2014 and aims to achieve revenue of CNY 163.789 billion[90]. - The company will focus on increasing its market share in non-hydropower construction, real estate investment, and new energy sectors[87]. Financial Position - The company reported a total cash and cash equivalents balance of CNY 28.95 billion, an increase of 8.71% year-on-year[47]. - The company’s financial expenses rose by CNY 872 million to CNY 3.53 billion, marking a 32.82% increase due to foreign exchange losses[43]. - The company’s total liabilities reached CNY 134.51 billion, compared to CNY 101.79 billion at the beginning of the year, indicating a rise of around 32.2%[188]. - Short-term borrowings rose to CNY 12.14 billion from CNY 8.15 billion, an increase of approximately 49.0%[188]. - The company’s total equity was reported at CNY 96.95 billion, an increase from CNY 82.60 billion at the beginning of the year, indicating a growth of about 17.4%[188]. Market and Competitive Landscape - The company operates in a highly competitive market for water conservancy and hydropower construction, facing increased competition from both existing players and new entrants[93]. - The company faced risks related to overseas operations, including political instability and economic fluctuations in developing regions such as Africa, which could impact project execution and investment recovery[92]. - The company recognizes the potential for growth in urbanization and government spending in public infrastructure, which will provide a larger market space[84]. Governance and Compliance - The company has established a comprehensive internal control system covering investment management, financial management, project management, and human resources management[177]. - The company strictly adheres to the latest laws and regulations, ensuring compliance with corporate governance standards[169]. - The independent directors did not raise any objections to the board's proposals during the reporting period[172]. - The company has established a mechanism for insider information management to ensure compliance with regulations[169]. Research and Development - The company’s research and development expenditure was RMB 1.163 billion, reflecting a year-on-year increase of 4.09%[37]. - The total R&D expenditure amounted to CNY 1.16 billion, accounting for 2.81% of net assets and 0.80% of operating revenue[46]. - The company has achieved a significant increase in its patent portfolio, with 194 new patents granted in 2013 alone[65]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries was 124,164, with 106,469 retirees[163]. - The company has a salary policy where management salaries are based on annual performance evaluations, adhering to a principle of "higher performance, higher salary"[164]. - The company’s board of directors includes members with extensive experience in various sectors, enhancing governance and strategic direction[158]. - The company has implemented a performance evaluation mechanism for senior management, linking compensation to performance metrics[176].