Financial Performance - The company's operating revenue for 2020 was CNY 34.91 billion, a decrease of 8.66% compared to CNY 38.22 billion in 2019[18]. - The net profit attributable to shareholders for 2020 was a loss of CNY 481.19 million, down from a profit of CNY 501.16 million in 2019, representing a decline of 196.02%[18]. - The total assets at the end of 2020 were CNY 172.41 billion, a decrease of 5.82% from CNY 183.07 billion at the end of 2019[19]. - The company's net asset attributable to shareholders was CNY 85.20 billion at the end of 2020, a slight decrease of 0.58% from CNY 85.70 billion at the end of 2019[19]. - The basic earnings per share for 2020 was -CNY 0.021, a decrease of 195.45% from CNY 0.022 in 2019[20]. - The total profit for the year was a loss of CNY 0.391 billion, compared to a profit of CNY 0.649 billion in the previous year[48]. - The net profit attributable to the parent company was a loss of CNY 0.481 billion, down from a profit of CNY 0.501 billion in the previous year[48]. - The gross profit margin was 10.79%, an increase of 1.16 percentage points year-on-year[51]. Audit and Compliance - The company received a standard unqualified audit report from the accounting firm[3]. - The company has confirmed that all board members attended the board meeting[3]. - The company has not faced any risks of suspension or termination of listing during the reporting period[134]. - The company has not encountered any significant accounting errors that require correction during the reporting period[132]. Operational Highlights - The company completed the acquisition of 100% equity in Chongqing Hengshan Machinery Co., Ltd., which became a subsidiary during the reporting period[20]. - The company completed the delivery of 6.49 million deadweight tons of ships during the reporting period, receiving positive feedback from shipowners[44]. - The company repaired 440 ships during the reporting period, benefiting from the booming desulfurization device retrofit business[59]. - The company maintained a leading position in the ship repair market, successfully completing various high-profile repair projects[59]. Market Conditions - The global shipbuilding market faced a significant downturn, with new ship orders dropping by 29% year-on-year, totaling approximately 53 million DWT in 2020[31]. - The revenue of major shipbuilding enterprises in China decreased by 13% year-on-year, while total profit dropped by 84.3%, indicating increased operational pressure on companies[32]. - The shipbuilding sector's new orders were significantly impacted by the global economic downturn, with a notable decrease in shipowners' willingness to place orders[58]. Research and Development - The company invested a total of CNY 2.75 billion in R&D, accounting for 7.89% of its operating revenue[45]. - The company has established a robust technology innovation system, significantly increasing R&D investment and promoting the commercialization of technological achievements[34]. - The company plans to enhance its technology innovation system and strengthen collaborative innovation to support product competitiveness[73]. Strategic Initiatives - The company is actively expanding its international market presence, becoming the only qualified supplier for major international contractors like MODEC and McDermott[39]. - The company aims to enhance its core military capabilities and support the construction of a world-class navy by focusing on advanced defense equipment development[33]. - The company is focusing on innovation and digital transformation to improve competitiveness in the shipbuilding supply chain[103]. Shareholder and Governance - The company did not distribute cash dividends or increase share capital from reserves during the reporting period[4]. - The company has committed to minimizing related party transactions that could adversely affect the interests of all shareholders, ensuring fair transaction conditions[123]. - The company has extended the lock-up period for 718,232,042 shares held by major shareholders by 12 months, until May 25, 2021, reflecting confidence in future development[125]. Environmental and Social Responsibility - The company has established dedicated environmental protection management teams and pollution prevention facilities at all 10 key pollutant discharge units, with no major environmental pollution incidents reported during the reporting period[172]. - The company invested a total of 10.97 million yuan in poverty alleviation efforts during the reporting period[162]. - The company provided educational support, funding 2.1 million yuan for 13 impoverished students[164]. Risks and Challenges - The company acknowledges risks related to insufficient demand due to ongoing global pandemic uncertainties, which may impact the new shipbuilding market[113]. - Rising costs are a concern, particularly with increasing steel prices and labor costs, which could lead to higher shipbuilding expenses[114]. - The company faces intense market competition, which may result in downward pressure on new ship prices and challenges in securing new orders[115].

Financial Performance - The company's operating revenue for 2018 was CNY 44.48 billion, an increase of 14.72% compared to 2017[17]. - Net profit attributable to shareholders was CNY 672.75 million, a decrease of 19.68% year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY -174.83 million, showing an improvement of CNY 612.00 million compared to the previous year[18]. - The net cash flow from operating activities was CNY 669.99 million, an increase of CNY 2.08 billion year-on-year[18]. - The company's net assets attributable to shareholders reached CNY 84.44 billion, a year-on-year increase of 32.48%[19]. - Basic earnings per share for 2018 were CNY 0.030, down 33.33% from CNY 0.045 in 2017[18]. - The weighted average return on equity was 0.84%, a decrease of 0.56 percentage points from the previous year[18]. - The total profit for the year was -0.15 billion yuan, a decrease of 103.37% year-on-year[36]. - The total assets at the end of the reporting period were 186.198 billion yuan, a decrease of 4.73% year-on-year[31]. - The asset-liability ratio was 54.78%, down 2.57 percentage points year-on-year[31]. Dividend Distribution - The company plans to distribute a cash dividend of 0.09 RMB per 10 shares, totaling approximately 205.92 million RMB for the year 2018[4]. - The proposed cash dividend for 2018 is 0.09 RMB per share, amounting to approximately 205.92 million RMB, which represents 30.61% of the net profit attributable to shareholders[134]. - The cumulative undistributed profit balance as of December 31, 2018, was approximately 1.42 billion RMB[134]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial report's accuracy and completeness[3]. - The board of directors and senior management have guaranteed the report's authenticity and completeness, assuming legal responsibility[2]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[5]. - The company has not violated any decision-making procedures regarding external guarantees[5]. - The company has no major litigation or arbitration matters during the reporting period[145]. Risks and Challenges - The company faced challenges due to a cautious demand for new ship orders and increased competition in the international shipbuilding market[18]. - The shipbuilding industry is currently at a cyclical low, influenced by global economic conditions and shipping market trends, which may impact future performance[29]. - The global economic situation poses risks, with potential impacts on ship orders and operational risks due to trade tensions and economic slowdowns[130]. - The company faces industry operational risks, including competition and the potential for reduced order volumes if the shipping market remains weak[130]. - The complexity of marine equipment technology development presents risks related to innovation and the time required for R&D[131]. Research and Development - The company invested 3.133 billion RMB in R&D, with a decrease of 11.33% compared to the previous year[43]. - The company’s total R&D investment was 3.132 billion yuan, representing 7.04% of total operating revenue, with 6,553 R&D personnel making up 18.74% of the total workforce[69]. - The number of patent applications increased by 26.92% to 660, with 369 invention patents, a growth of 5.73%[70]. - The company achieved a significant technological breakthrough with the successful development of a 350,000 cubic meter LNG-FSRU project, filling a domestic technology gap[70]. Market and Industry Trends - The global new ship order volume is expected to be around 70 million deadweight tons in 2019, with China's new ship order volume projected at approximately 30 million deadweight tons[30]. - The global shipping trade volume reached 1.183 billion tons, with a year-on-year growth of 2.7%[79]. - The global new ship order volume increased by 5.3% year-on-year, totaling 29.73 million CGT[80]. - The luxury cruise market is experiencing rapid growth, particularly in the Asia-Pacific region, driven by rising living standards and consumer demand[125]. Environmental and Social Responsibility - The company has established a comprehensive plan for poverty alleviation, focusing on increasing income and employment in targeted areas[170]. - The company has implemented a comprehensive self-monitoring plan across all subsidiaries, ensuring accurate environmental monitoring and compliance with government reporting requirements[181]. - The company has achieved a 90% purification efficiency for organic waste gas treatment through advanced filtration and catalytic combustion technologies[178]. - The company has conducted vocational skills training for 336 individuals, with an investment of 250,000 RMB in this area[174]. Strategic Initiatives - The company plans to enhance its strategic management capabilities and promote high-quality development through comprehensive reforms and innovation[126]. - The company aims to strengthen R&D and industrialization of new products to mitigate cyclical impacts on the shipbuilding industry[132]. - The company is actively pursuing new investment opportunities and technological advancements to drive future growth[153]. - The company has engaged in asset sales to its controlling shareholder as part of its strategy to improve financial stability amid challenging market conditions[157].

Financial Performance - Operating income for the period was RMB 2,987.10 million, representing a 15.35% increase compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was RMB 1,415.06 million, a year-on-year increase of 28.03%[8]. - The net profit after deducting non-recurring gains and losses was RMB 1,279.68 million, a significant increase from a loss of RMB 82.16 million in the same period last year[9]. - The total profit for the period was CNY 109,108.09 million, which is a 100.98% increase compared to CNY 54,288.57 million in the same period last year[16]. - The profit attributable to the parent company's shareholders was CNY 141,505.92 million, reflecting a year-on-year growth of 28.03% from CNY 110,522.28 million[16]. - Net profit for the period reached CNY 76,002.16 million, a significant increase of 129.92% compared to CNY 33,055.48 million in the same period last year[16]. - The company reported a total profit of approximately ¥269.78 million for Q3 2018, down from ¥497.17 million in the same quarter last year, a decline of 45.7%[41]. - Net profit for Q3 2018 was approximately ¥145.84 million, compared to ¥371.98 million in the previous year, reflecting a decrease of 60.8%[41]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 20,678.67 million, an increase of 5.80% compared to the end of the previous year[7]. - The total assets as of September 30, 2018, were 206.79 billion yuan, an increase of 5.80% compared to the beginning of the year[21]. - The total liabilities as of September 30, 2018, were 122.90 billion yuan, an increase of 9.65% compared to the beginning of the year[21]. - The balance of net assets attributable to the parent company at the end of the reporting period was 84.818 billion yuan, an increase of 33.08% year-on-year[22]. - The company's equity attributable to shareholders increased to CNY 84.82 billion from CNY 63.73 billion, marking a growth of approximately 33.1%[32]. - Total liabilities rose to CNY 122.90 billion, compared to CNY 112.09 billion in the previous year, reflecting an increase of about 9.8%[32]. Cash Flow - Net cash flow from operating activities was RMB 577.70 million, a significant increase of 554.51% year-on-year[7]. - The net cash flow from operating activities for the first nine months of 2018 was -3,567,426,204.30 RMB, a significant decrease compared to 1,052,456,999.76 RMB in the same period last year[51]. - Cash inflow from investment activities totaled 653,033,878.98 RMB, while cash outflow was 1,230,296,847.93 RMB, resulting in a net cash flow of -577,262,968.95 RMB[52]. - The total cash inflow from financing activities was 332,378.21 RMB, with cash outflow amounting to 252,600,188.11 RMB, leading to a net cash flow of -252,267,809.90 RMB[52]. - The ending balance of cash and cash equivalents as of the end of the reporting period was 11,216,440,079.26 RMB, down from 16,086,168,449.46 RMB at the same time last year[52]. - The cash flow from financing activities for the third quarter showed a net outflow of 3,094,386,472.30 RMB, contrasting with a net inflow of 19,986,527,139.76 RMB in the previous year[49]. Investment and Expenses - The company reported a substantial decrease in investment income, down 80.33% to CNY 23,387.69 million from CNY 118,912.88 million in the previous year[16]. - The investment income for the reporting period was 234 million yuan, a decrease of 80.33% year-on-year[19]. - The company’s research and development expenses for Q3 2018 were approximately ¥84.06 million, compared to ¥88.55 million in the same period last year, a decrease of 5.6%[39]. - Financial expenses for the reporting period were -408 million yuan, with a net financial income increase of 372 million yuan, primarily due to a significant reduction in interest-bearing liabilities[18]. Market and Strategic Outlook - The company is experiencing a recovery in the international shipping and shipbuilding markets, although new ship demand remains weak[17]. - Management indicated a positive outlook for future growth, focusing on market expansion and new product development strategies[44].

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,941.91 million, a slight increase of 0.99% compared to CNY 1,922.82 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 952.52 million, representing a year-on-year growth of 51.73% from CNY 627.78 million[21]. - The net profit after deducting non-recurring gains and losses was CNY 890.64 million, a significant increase from CNY 1.38 million in the previous year[21]. - The net cash flow from operating activities was CNY 355.84 million, up 53.60% from CNY 231.67 million in the same period last year[21]. - The total assets at the end of the reporting period were CNY 20,303.70 million, an increase of 3.88% compared to CNY 19,544.87 million at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 32.36% to CNY 8,435.55 million from CNY 6,373.39 million at the end of the previous year[21]. - The company achieved a basic earnings per share of CNY 0.044, up 29.41% from CNY 0.034 in the same period last year[21]. - The total profit reached RMB 8.21 billion, representing a significant year-on-year increase of 1,696.73%[42]. - The net profit attributable to shareholders was RMB 9.53 billion, up 51.73% year-on-year[42]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 8.91 billion, a remarkable increase of 6,377.06%[42]. Asset Management - The total assets of the company at the end of the reporting period were 2030.37 billion RMB, an increase of 3.88% year-on-year[34]. - The asset-liability ratio was 58.76%, an increase of 1.41 percentage points year-on-year[34]. - The equity attributable to shareholders of the parent company was RMB 843.55 billion, showing a year-on-year increase of 32.36%[43]. - The company's capital reserve increased by 5.545 billion yuan, a growth of 55.45% year-on-year, due to the issuance of shares for asset acquisition[74]. - The company's accounts receivable interest balance reached 1.592 billion yuan, a year-on-year increase of 39.76%[74]. Business Operations - The company operates in five major business segments, including marine defense and marine development equipment, marine transportation equipment, deep-sea equipment, ship repair and modification, and military-civilian integration[29]. - The global shipbuilding market showed signs of recovery, with new ship orders increasing by 97.2% year-on-year to 22.7 million deadweight tons[33]. - The company is the largest listed marine defense equipment supplier in China, benefiting from the modernization of national defense and military construction[32]. - The company’s core business includes the research, design, and manufacturing of marine defense equipment, marine transportation equipment, and marine scientific research equipment[29]. - The company is actively expanding into high-value ship types and promoting the development of intelligent manufacturing equipment[38]. Strategic Initiatives - The company focused on structural adjustments and cost control, which contributed to improved operational efficiency despite a downturn in the overall shipbuilding industry[21]. - The company actively responded to the government's call for reducing leverage, effectively lowering interest expenses and enhancing performance during the reporting period[21]. - The company completed the issuance of shares for asset acquisition, with the registration capital change finalized in July 2018[19]. - The company completed the acquisition of minority stakes in subsidiaries Dalian Shipbuilding Industry and Wuhan Shipbuilding Industry, increasing its ownership to 100%[34]. - The company is actively expanding its military trade business and has established good cooperation with multiple countries[60]. Environmental Responsibility - The company has established pollution prevention facilities and has not experienced any major environmental pollution incidents during the reporting period[124]. - The company has established a wastewater treatment station with a processing capacity of 1,500 tons per day, ensuring compliance with discharge standards through oxidation and biological treatment methods[126]. - The company has implemented a wastewater treatment facility capable of processing 12 tons per hour of electroplating wastewater, effectively reducing hexavalent chromium ions[126]. - The company has built a sewage treatment station with a design capacity of 700 tons per day, meeting the discharge standards for direct ocean discharge[127]. - The company has adopted a comprehensive environmental monitoring plan, ensuring accurate monitoring and reporting of pollution sources[130]. Social Responsibility - During the reporting period, the company supported 146 impoverished individuals through its poverty alleviation projects, investing approximately RMB 1.5542 million[114]. - The company has implemented three industrial poverty alleviation projects during the reporting period[114]. - The company actively engaged in employment and education poverty alleviation initiatives, benefiting 11 impoverished students[114]. - The company has established targeted poverty alleviation relationships with three impoverished villages, aiming to complete their poverty alleviation by 2020[118]. - The company has committed to continue its social responsibility efforts in poverty alleviation, focusing on industry, employment, education, and healthcare[120]. Shareholder Information - The total number of shares increased from 19,079,897,108 to 22,879,793,243 due to the issuance of 3,799,896,135 new shares[140]. - The top shareholder, China Shipbuilding Industry Group, holds 7,820,577,476 shares, representing 34.18% of total shares[146]. - The company has a significant portion of shares held by state-owned entities, indicating strong government backing[139]. - The company completed a major asset restructuring on March 1, 2018, with a total of 3,799,896,135 new shares issued, which are locked for 36 months plus an additional 6 months due to stock price conditions[143]. - The company reported a total of 581,952,117 shares issued in the non-public offering, with a lock-up period of 36 months starting from the issuance date[149]. Risk Management - The company faced macroeconomic risks due to tightening monetary policies and trade wars, which could impact the shipbuilding industry[91]. - The company highlighted ongoing operational risks in the shipbuilding market, including overcapacity and structural contradictions in supply[91]. - The company reported financial control risks due to low advance payment ratios in shipbuilding projects, leading to significant capital pressure[92]. - The company aims to enhance market competitiveness and risk resistance through technological innovation and ship design optimization[93]. - Financial management will be improved by optimizing the financing structure and enhancing project management and risk prevention[93].

2017 年年度报告 公司代码：601989 公司简称：中国重工 中国船舶重工股份有限公司 2017 年年度报告 1 / 263 2017 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 李天宝 | 工作原因 | 王明辛 | | 董事 | 杨志钢 | 工作原因 | 王 良 | | 董事 | 张德林 | 工作原因 | 王 良 | 三、 致同会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人姜仁锋、主管会计工作负责人王良 及会计机构负责人（会计主管人员）华伟 声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司拟以2017年度利润分配股权登记日公司的总股本22,879,793,243股为基数，向全体股东每10 股 ...

2018 年第一季度报告 公司代码：601989 公司简称：中国重工 中国船舶重工股份有限公司 2018 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 10 | 2018 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 李天宝 | 董事 | 工作原因 | 王明辛 | | 杨志钢 | 董事 | 工作原因 | 王 良 | | 张德林 | 董事 | 工作原因 | 王 良 | 1.3 公司负责人姜仁锋、主管会计工作负责人王良 及会计机构负责人（会计主管人员）华伟 保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 ...

2017 年第三季度报告 公司代码：601989 公司简称：中国重工 中国船舶重工股份有限公司 2017 年第三季度报告 1 / 26 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 12 | 2017 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人姜仁锋、主管会计工作负责人王良 及会计机构负责人（会计主管人员）华伟 保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 26 单位：万元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 20,866,086.19 18,428,293.04 13.23 归属于上市公司 股东的净资产 6,37 ...

2017 年半年度报告 公司代码：601989 公司简称：中国重工 中国船舶重工股份有限公司 2017 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 张德林 | 工作原因 | 王 良 | | 独立董事 | 韩方明 | 工作原因 | 王永利 | 三、 本半年度报告未经审计。 四、 公司负责人姜仁锋、主管会计工作负责人王良 及会计机构负责人（会计主管人员）华伟 声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅本报告中第四节"经营情况的讨论与 报告期内，公司 ...

Financial Performance - Operating revenue for the reporting period was ¥10.53 billion, representing a year-on-year growth of 4.21%[6] - Net profit attributable to shareholders of the listed company was ¥257.11 million, a significant increase of 1,982.11% compared to the same period last year[6] - The net profit excluding non-recurring gains and losses increased by 19.82 times year-on-year, primarily due to the absence of large non-recurring gains from the previous year[8] - Basic and diluted earnings per share were both ¥0.015, reflecting a growth of 25% year-on-year[6] - The total profit for the period was RMB 28.71 million, representing a significant year-on-year increase of 65.78%[16] - The net profit attributable to the parent company was RMB 27.71 million, up 31.12% compared to the same period last year[16] - The company reported a total profit of CNY 287,105,190.79, compared to CNY 173,186,537.94 in the previous year, an increase of 65.7%[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥188.37 billion, an increase of 2.22% compared to the end of the previous year[6] - Total current assets increased to ¥130.47 billion from ¥125.91 billion, a growth of approximately 4.06%[25] - Total non-current assets decreased to ¥57.91 billion from ¥58.37 billion, a decline of about 0.79%[26] - Total liabilities increased to ¥130.55 billion from ¥126.68 billion, an increase of about 3.00%[27] - Total current liabilities decreased to ¥93.83 billion from ¥95.36 billion, a reduction of about 1.61%[26] - Long-term borrowings increased to ¥28.74 billion from ¥23.59 billion, reflecting a growth of approximately 21.00%[27] - Total equity rose to ¥57.83 billion from ¥57.61 billion, marking an increase of approximately 0.38%[27] Cash Flow - The company's cash flow from operating activities was negative RMB 132.49 million, an improvement of RMB 207.37 million year-on-year[19] - Cash flow from financing activities was positive RMB 163.74 million, an increase of RMB 666.67% compared to the previous year[20] - The net cash flow from operating activities was -1,324,947,622.37 RMB, a decrease from -3,398,673,846.13 RMB in the previous period, indicating improved operational cash flow[39] - The net cash flow from investing activities was -87,616,237.09 RMB, an improvement from -588,848,697.51 RMB in the previous period, suggesting better investment management[39] - The total cash inflow from financing activities was 8,794,614,351.75 RMB, compared to 10,491,467,473.28 RMB in the prior period, reflecting a decrease in financing inflow[40] Shareholder Information - The number of shareholders at the end of the reporting period was 890,594[12] - The top shareholder, China Shipbuilding Industry Group, holds 39.42% of the shares, totaling 7.24 billion shares[13] Operational Improvements - The company has made significant progress in supply-side structural reforms, leading to a reduction in losses for some subsidiaries[8] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[36] Investment and Costs - The company reported a significant decrease in investment income by 89.84% due to the transfer of subsidiaries in the previous year[17] - The gross profit margin improved to 10.69%, an increase of 1.56 percentage points year-on-year[16] - Cash paid for employee compensation was 1,194,730,941.04 RMB, down from 1,635,514,992.17 RMB, reflecting cost control measures[39] - The cash outflow for investment activities totaled 329,237,419.35 RMB, significantly lower than 860,464,015.43 RMB in the previous period, indicating reduced capital expenditures[39]