Financial Performance - The company achieved a net profit attributable to shareholders of RMB 1,212,673,549.71 in 2022, a decrease of 58.65% compared to RMB 2,933,014,544.76 in 2021[3]. - Total operating revenue for 2022 was RMB 102,822,162,096.91, down 16.83% from RMB 123,634,448,111.90 in 2021[15]. - The net cash flow from operating activities was RMB 13,965,042,669.99, reflecting a slight increase of 1.68% compared to RMB 13,733,868,710.29 in 2021[15]. - The company's total assets at the end of 2022 were RMB 281,520,054,328.32, a decrease of 1.69% from RMB 286,356,810,441.58 at the end of 2021[17]. - The net assets attributable to shareholders were RMB 63,629,915,365.49, showing a slight decrease of 0.14% from RMB 63,717,492,460.80 in 2021[17]. - The company reported a net profit excluding non-recurring gains and losses of RMB -539,515,106.29, a decline of 132.11% from RMB 1,680,370,224.50 in 2021[15]. - Basic earnings per share decreased by 59.26% to CNY 0.11 in 2022 compared to CNY 0.27 in 2021[18]. - Diluted earnings per share also decreased by 59.26% to CNY 0.11 in 2022 compared to CNY 0.27 in 2021[18]. - The weighted average return on equity fell by 2.87 percentage points to 1.83% in 2022 from 4.7% in 2021[18]. - The total profit amounted to RMB 3.33 billion, down 57.8% compared to the previous year, with a net profit of RMB 1.74 billion, reflecting a 66.6% decline[34]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.67 per 10 shares, totaling RMB 715,410,665.98[3]. - The cash dividend for the reporting period was RMB 715,410,665.98, representing 58.99% of the net profit attributable to ordinary shareholders in the consolidated financial statements[107]. - The company prioritizes cash dividends, with a minimum of 80% for mature companies without significant capital expenditures[104]. - The company's profit distribution plan must be reviewed by the supervisory board and approved by the shareholders' meeting[105]. Operational Highlights - The company added 243,000 square meters of new land reserve in 2022, focusing on rapid project launches and inventory reduction[25]. - The concrete business improved management levels and cost control, while the new building materials sector focused on technological advancements[25]. - The company emphasized a strategy of "ensuring delivery, boosting sales, and reducing inventory" in its real estate development operations[25]. - The company's office rental rate remains above 90%, demonstrating resilience in property operations despite market challenges[26]. - The company has developed around 170 real estate projects, with a total construction area exceeding 30 million square meters[29]. Market Conditions - In 2022, national cement production fell to 2.13 billion tons, a decrease of 10.5%, marking the lowest output since 2012 and the largest decline since 1969[28]. - Real estate development investment in 2022 was 1.33 trillion yuan, down 10% year-on-year, with residential investment decreasing by 9.5%[28]. - The company is a leading player in the green building materials sector, focusing on low-carbon and environmentally friendly production[29]. - The company is a leader in the green, energy-saving, and circular development of the building materials industry in the Beijing-Tianjin-Hebei region, focusing on ecological civilization[31]. Strategic Initiatives - The company is committed to innovation, with a focus on the "Three-Year Action Plan for Technological Innovation (2021-2023)" to strengthen its innovation-driven strategy[31]. - The company aims to enhance the resilience of its supply chain and industry chain through external market resource integration and the establishment of industry clusters[31]. - The company is transitioning to service-oriented manufacturing, creating a full industry chain layout that includes design, manufacturing, trade, construction, operation, and service[31]. - The company is exploring new models in urban renewal and old community renovation, leveraging its resources to strengthen regional advantages[31]. - The company aims to enhance its core competitiveness by integrating high-quality products and services with green low-carbon building innovations[31]. Environmental Compliance - The company’s pollution emission levels are below national regulatory requirements, particularly in key regions like Beijing-Tianjin-Hebei[32]. - The company is advancing a carbon capture, utilization, and storage demonstration project with a capacity of 100,000 tons[32]. - The company has established a dual-carbon information management system to support its carbon peak and carbon neutrality goals[32]. - The company reported sulfur dioxide emissions of 119.61 mg/m³, exceeding the limit of <100 mg/m³[116]. - Nitrogen oxide emissions for the company reached 456.96 mg/m³, significantly above the regulatory threshold of <320 mg/m³[116]. Governance and Management - The company held 1 shareholders' meeting during the reporting period, approving 14 proposals, all in compliance with relevant laws and regulations[61]. - The board of directors consists of 10 members, including 5 independent directors, and held 8 meetings, passing 54 proposals[61]. - The company has established a comprehensive investor relations management system to ensure fair and timely information disclosure[62]. - The company has a well-defined governance structure, ensuring checks and balances among its board, supervisory board, and internal committees[61]. - The company has implemented a robust internal control system to enhance governance standards and compliance with legal requirements[61]. Future Outlook - The company aims to enhance its core business in the large building materials sector, emphasizing high-end, intelligent, and green transformation[57]. - The strategy includes regional mergers and acquisitions to stabilize growth and improve core competitiveness[57]. - The company plans to strengthen its product and brand quality while optimizing its asset-liability structure[57]. - The company aims to enhance operational capabilities and service quality in real estate operations to improve profitability[57]. - The company is focused on integrating market resources and creating new competitive advantages in the building materials sector[56].

Financial Performance - The operating revenue for the year ended December 31, 2022, was RMB 102,822.2 million, a decrease of approximately 16.8% compared to 2021[2]. - Net profit was approximately RMB 1,739.9 million, a decrease of about 66.6% compared to the previous year[2]. - Net profit attributable to shareholders of the parent company was approximately RMB 1,212.7 million, down approximately 58.7% from 2021[2]. - Basic earnings per share attributable to shareholders of the parent company (excluding other equity instruments) was RMB 0.11, a decrease of approximately RMB 0.16 from the previous year[2]. - The company reported a total comprehensive income of RMB 1.60 billion for 2022, a decline of 70.0% from RMB 5.51 billion in 2021[11]. - The total profit for the year was approximately RMB 3,325.0 million, down about 57.8% compared to the previous year[83]. - The company's total revenue for the year ended December 31, 2022, was RMB 102,822.2 million, a decrease of approximately 16.8% year-on-year[70]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.067 per share (pre-tax) for the year, compared to RMB 0.104 per share for the previous year[5]. - The proposed dividend payout ratio for the reporting period is approximately 58.99%, compared to 37.86% for the previous year[5]. - Proposed final dividend per share is RMB 0.067 (pre-tax) for the year ended December 31, 2022, down from RMB 0.104 in the previous year, representing a decrease of approximately 35.6%[41]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 281.52 billion, a decrease of 1.9% from RMB 286.36 billion in 2021[12]. - Total liabilities decreased from CNY 190.82 billion in 2021 to CNY 186.62 billion in 2022, a reduction of approximately 2%[14]. - Current liabilities totaled CNY 118.84 billion in 2022, slightly down from CNY 119.73 billion in 2021[14]. - Non-current liabilities decreased from CNY 71.09 billion in 2021 to CNY 67.78 billion in 2022, a decline of about 4.6%[14]. - The company’s total liabilities, including short-term financing bonds and payable bonds, were RMB 34,292,224,784.01 as of December 31, 2022, down from RMB 38,932,850,068.31 in 2021[58]. Operational Efficiency - The company aims to enhance operational efficiency in real estate development and property management, focusing on inventory reduction and service quality improvement[74]. - The company plans to implement innovative financing methods to ensure stable cash flow and reduce overall financing costs[122]. - The company aims to enhance operational efficiency and marketing capabilities to drive growth in volume, price, and profit[124]. Research and Development - Research and development expenses increased to RMB 410.14 million in 2022, up 18.3% from RMB 346.73 million in 2021[10]. - The company achieved 739 new authorized patents and received 23 provincial-level technology awards, reflecting its commitment to innovation[72]. - The company is committed to technological innovation, implementing a three-year action plan (2021-2023) to strengthen its innovation capabilities and promote the transformation of technological achievements[104]. Market Conditions - The cement industry faced a significant decline in demand, with national cement production dropping by 10.5% year-on-year to 2.13 billion tons, the lowest since 2012[76]. - The external environment remains challenging, with global economic recession risks increasing and external demand expected to weaken significantly compared to 2022[120]. - The cement industry faces a nearly 60% decline in overall profits due to intensified market competition and price wars amid significant demand drop[123]. Strategic Focus - The company plans to focus on expanding its green building materials segment and real estate development operations in the coming year[19]. - The company emphasizes its role as a leader in the green and environmentally friendly building materials industry, focusing on ecological civilization and sustainable development[100]. - The company aims to achieve effective quality improvement and reasonable growth in quantity, focusing on demand orientation and cost control[114]. Employee and Governance - As of December 31, 2022, the group had a total of 45,991 employees, with total employee compensation amounting to approximately RMB 7,267.4 million, an increase of about 3.6% compared to RMB 7,015.0 million in the previous year[132]. - The company has established an audit committee consisting of two non-executive directors and five independent non-executive directors to oversee financial reporting processes[146]. - The company has adopted corporate governance practices in compliance with the relevant regulations and guidelines, ensuring transparency and accountability[143].

Financial Performance - For the six months ended June 30, 2022, the company achieved a total revenue of approximately RMB 55,033.1 million, a decrease of 4.6% year-on-year [10]. - The net profit attributable to shareholders of the parent company was approximately RMB 1,835.6 million, a decrease of 4.0% year-on-year, with basic earnings per share of RMB 0.13, down 7.1% year-on-year [10]. - The company's operating revenue for the first half of 2022 was approximately RMB 55,033.1 million, a decrease of 4.6% year-on-year [25]. - The gross profit from core business activities was approximately RMB 8,149.6 million, reflecting a decline of 11.7% compared to the previous year [25]. - The total profit for the period was approximately RMB 3,374.5 million, down 23.6% year-on-year [29]. - Net profit for the first half of 2022 was approximately RMB 2,419.5 million, a decrease of 24.8% compared to the same period last year [29]. - The total comprehensive income for the first half of 2022 was approximately RMB 2.34 billion, down from RMB 3.32 billion in the same period of 2021 [131]. - The company reported a significant increase in operating outside income, which rose to approximately RMB 1.26 billion from RMB 511.75 million in the previous year [130]. - The financial expenses increased to approximately RMB 1.52 billion, compared to RMB 1.36 billion in the first half of 2021, primarily due to higher interest expenses [130]. Market and Business Strategy - The company strengthened strategic resource reserves, with new mineral reserves in Inner Mongolia of nearly 250 million tons and new land reserves in Beijing of approximately 86,000 square meters [12]. - The company focused on technological innovation, identifying 16 key research projects and organizing 5 projects under a "challenge" mechanism, resulting in 5 provincial-level technology awards and 225 authorized patents [12]. - The company emphasized the development of new materials and digital intelligence to address critical technological challenges [12]. - The company aims to stabilize its operations in the green building materials sector by focusing on "stabilizing prices, increasing volume, and ensuring quality" in its cement business [14]. - The company plans to enhance its market control in key regions and accelerate market integration in Northeast and Northwest China [14]. - The company is committed to digital transformation as a key strategy to achieve high-quality completion of its annual work [14]. - The company aims to strengthen its market position through strategic restructuring and internal integration, enhancing its competitive advantages and sustainable development benefits [46]. - The company is actively promoting green supply chain construction and zero-carbon building initiatives [68]. Real Estate Development - The real estate development segment achieved dual increases in new project launches and non-residential product sales despite market challenges [12]. - The real estate development business has developed approximately 170 projects, with a total construction area exceeding 30 million square meters and total assets exceeding 150 billion RMB [20]. - The real estate development and operation segment reported revenue of RMB 16,437.9 million, down 13.5% year-on-year, with a gross profit margin of 18.3% [37]. - The real estate market is experiencing a recovery phase, with key cities showing signs of stabilization in transaction volumes [22]. - The company is actively adapting to the new normal of pandemic prevention and control, optimizing its product offerings and brand strength in the real estate sector [14]. Environmental and Sustainability Initiatives - The company is focusing on ecological and low-carbon development, implementing the "14th Five-Year Plan" to enhance service levels and support the construction of Beijing's "Four Centers" [44]. - The company has implemented a clean production approach, focusing on energy saving, carbon reduction, and pollution reduction [51]. - The company has established a carbon capture and utilization project with an annual capacity of 1,500 tons and a CO2 capture demonstration project with a capacity of 100,000 tons per year [68]. - The cement industry has achieved a year-on-year reduction of approximately 2% in CO2 emissions per ton of clinker [69]. - The company has engaged in various environmental protection and low-carbon development promotional activities, with over 37,800 employees participating in online commitments [67]. Financial Position and Cash Flow - The total assets of the company were approximately RMB 283,932.2 million, a slight decrease of 0.8% year-on-year [27]. - The total liabilities were approximately RMB 185,808.3 million, with a debt-to-asset ratio of 65.4%, a decrease of about 1.2 percentage points from the beginning of the reporting period [58]. - The company's cash and cash equivalents decreased by 11.4% to RMB 19,421.0 million [27]. - The group has established a series of mechanisms to ensure timely payment of bond principal and interest, including the establishment of dedicated accounts for fundraising and debt repayment [59]. - The company reported a significant increase in long-term receivables, which rose to RMB 3.63 billion from RMB 1.00 billion, reflecting a growth of approximately 262.73% [127]. - The company's cash flow from operating activities was not detailed, indicating a focus on financing activities during the period [66]. Research and Development - The company has initiated 21 key scientific research projects for 2022, including 4 major technology projects and 9 key technology projects related to "green and new" initiatives [48]. - The company achieved a total of 72 national high-tech enterprises, with 216 provincial-level technology platforms established, and 225 patents granted, including 39 invention patents [48]. - Research and development expenses increased to approximately RMB 196.41 million, up 9.8% from RMB 179.59 million in the same period of 2021 [130]. Corporate Governance and Investor Relations - The company actively engaged in investor relations activities, including online performance briefings and meetings with analysts and fund managers during the reporting period [90]. - The audit committee reviewed the unaudited interim consolidated financial statements for the six months ended June 30, 2022, and recommended their adoption to the board [121]. - The company’s interim financial statements were reviewed by Ernst & Young Hua Ming LLP, ensuring compliance with accounting standards [123]. - The company maintained close communication with media outlets to enhance public awareness and strengthen its corporate image [93].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 55,033,121,530.89, a decrease of 4.64% compared to CNY 57,713,656,876.27 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was CNY 1,835,550,026.15, down 3.99% from CNY 1,911,844,630.53 year-on-year[13]. - The net profit after deducting non-recurring gains and losses was CNY 598,458,285.96, a significant decrease of 59.42% compared to CNY 1,474,885,330.43 in the previous year[13]. - The net cash flow from operating activities was CNY 3,751,692,844.27, representing a decline of 65% from CNY 10,575,088,436.30 in the same period last year[13]. - The company reported a significant decline in cement demand due to the real estate sector's downturn, leading to a high inventory level and price competition in the industry[41]. - The company reported a total of 8.24 tons of sulfur dioxide emissions, which is below the regulatory limit of 30 mg/m³[50]. Assets and Liabilities - The net assets attributable to shareholders of the listed company increased by 7.98% to CNY 67,001,690,300.40 from CNY 62,047,950,901.03 at the end of the previous year[13]. - Total assets rose by 1.89% to CNY 283,932,219,018.89 compared to CNY 278,663,432,333.18 at the end of the previous year[13]. - The company's cash and cash equivalents at the end of the period were 19,421,041,451.93 CNY, a decrease of 11.4% from the previous year[31]. - Total current assets decreased from ¥169.96 billion to ¥161.58 billion, a decline of approximately 4.1%[95]. - Total liabilities decreased from ¥190.82 billion to ¥185.81 billion, a reduction of about 2.6%[97]. Earnings and Profitability - Basic earnings per share for the first half of 2022 were CNY 0.13, a decrease of 7.14% from CNY 0.14 in the same period last year[14]. - The diluted earnings per share were also CNY 0.13, reflecting the same percentage decrease of 7.14% year-on-year[14]. - The gross margin for the concrete business was 7.00%, down 6 percentage points year-on-year, with a sales volume of 5.13 million cubic meters, a decline of 28.8%[26]. - The company reported a total comprehensive income of RMB 1,791,102,777.14 for the period, indicating a recovery from previous losses[114]. Investment and Capital Expenditure - The company has initiated the construction of the Jidong Cement Panshi Green Building Materials Industrial Park, enhancing its development foundation in Northeast China with a focus on green development[23]. - The company has added 249 million tons of new mining reserves in the Inner Mongolia region, addressing historical challenges in resource extraction[23]. - The company reported a total investment in joint ventures of approximately 2.5 billion CNY, with significant contributions from various subsidiaries[36]. - The company reported a significant increase in investment in Nanjing Huayu Real Estate Development Co., Ltd. by 40.07 million CNY, totaling 498.45 million CNY[37]. Research and Development - The company’s investment in new technologies includes high-efficiency cement vertical mills and waste disposal systems, achieving industry-leading standards[21]. - The company reported research and development expenses increased to CNY 196,413,341.28 in the first half of 2022, compared to CNY 179,590,663.30 in the same period of 2021, representing a growth of 9.34%[101]. - The company has achieved a total of 225 authorized patents, including 39 invention patents and 3 software copyrights, reflecting its commitment to technological innovation[23]. Environmental Compliance - The company is committed to maintaining compliance with environmental standards while pursuing growth strategies[52]. - The company has implemented measures to ensure that emissions from its facilities remain compliant with national standards, reflecting a proactive approach to environmental management[57]. - The company achieved a total of 3.25 tons of sulfur dioxide emissions, under the limit of 30 mg/m³[50]. - The company completed the construction of 8 SCR denitrification projects in the first half of 2022, enhancing nitrogen oxide emission control[60]. Market Strategy and Expansion - The company’s market expansion strategy includes entering 16 cities, with a focus on the Beijing-Tianjin-Hebei region and the Yangtze River Delta[21]. - The company plans to enhance its market position by leveraging strategic partnerships and focusing on technological innovation to drive growth in new green building materials[39]. - The company intends to capitalize on urban renewal opportunities by actively participating in land acquisition and product turnover in key cities like Beijing and Shanghai[41]. Financial Strategy - The company issued CNY 3 billion of perpetual corporate bonds, optimizing its financing structure and reducing the weighted average financing cost to 3.89%, a decrease of 44 basis points year-on-year[24]. - The company has maintained a consistent annual interest payment structure for its bonds, ensuring investor confidence[86]. - The company has not faced any overdue bonds or repayment issues during the reporting period[87]. Corporate Governance - There were significant changes in the board of directors, with the resignation of the chairman, executive director, and other key management personnel[45]. - The company reported no profit distribution or capital reserve transfer plan for the half-year period, with 0 shares for every 10 shares distributed as dividends[46]. - The company and its major shareholders maintained a good credit status, with no overdue debts or unfulfilled commitments[71].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 23,084,249,338.47, representing a year-on-year increase of 0.63%[4] - Net profit attributable to shareholders was CNY 275,674,941.62, reflecting a significant increase of 24.77% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses reached CNY 175,252,211.22, marking a substantial increase of 163.38% year-on-year[4] - Net profit for Q1 2022 was CNY 163,826,441.20, a decrease of 60.32% from CNY 412,198,960.24 in Q1 2021[19] - Operating profit for Q1 2022 was CNY 286,337,875.62, down from CNY 586,090,937.30 in Q1 2021[19] - The total comprehensive income for the first quarter of 2022 was CNY 151,173,943.78, compared to CNY 415,191,725.90 in the same period of 2021, reflecting a significant decrease[20] Cash Flow - The net cash flow from operating activities decreased by 82.06%, amounting to CNY 203,160,764.54, primarily due to reduced sales in the real estate sector impacted by the pandemic[9] - The net cash flow from operating activities was CNY 203,160,764.54, down from CNY 1,132,135,346.47 year-over-year[21] - The company's cash outflow from operating activities totaled CNY 22,907,008,171.76, compared to CNY 27,910,372,070.45 in the previous year[21] - The cash flow from operating activities was significantly impacted by a decrease in cash received from customers, which totaled CNY 23,110,168,936.30, down from CNY 29,042,507,416.92 in the previous year[21] - The total cash inflow from financing activities was CNY 18,184,385,417.34, compared to CNY 13,518,810,000.00 in the previous year[22] - The company experienced a net cash outflow from investing activities of CNY -2,173,093,503.64, compared to CNY -297,198,227.54 in the same quarter of 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 282,574,616,083.25, a decrease of 1.32% from the end of the previous year[5] - The company's total assets stood at ¥282,574,616,083.25, down from ¥286,356,810,441.58, indicating a decrease of approximately 1.4%[15] - The company's total liabilities decreased to CNY 184,103,874,939.84 from CNY 190,823,004,007.16 year-over-year[16] - Total current liabilities decreased to ¥111,187,466,260.94 from ¥119,733,796,127.82, a reduction of approximately 7.2%[15] - Long-term borrowings rose to ¥35,742,682,384.06 from ¥29,001,712,449.80, marking an increase of about 23.2%[15] - The company's total equity increased to ¥54,976,699,662.01 from ¥52,250,945,266.63 in the previous quarter[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 129,657[10] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., held 44.93% of the shares[10] Research and Development - Research and development expenses for Q1 2022 were CNY 76,886,385.31, slightly down from CNY 78,746,108.01 in Q1 2021[19] - Research and development expenses for Q1 2022 were ¥1,367,936.14, indicating a new investment in innovation[26] Investment Income - The company reported a significant decrease in investment income, with a loss of CNY 8,549,689.76 compared to a gain of CNY 61,354,610.27 in Q1 2021[19] - The company reported an investment income of ¥35,040,399.78 in Q1 2022, a significant drop from ¥1,394,657,634.37 in Q1 2021[28] Cash and Cash Equivalents - As of March 31, 2022, the company's cash and cash equivalents amounted to ¥18,275,143,479.07, a decrease of approximately 16.1% from ¥21,921,968,519.94 at the end of 2021[13] - Cash and cash equivalents at the end of the first quarter of 2022 were CNY 12,587,376,218.32, down from CNY 19,463,605,950.98 at the end of 2021[22] - The cash and cash equivalents at the end of Q1 2022 stood at ¥6,118,688,230.52, down from ¥10,105,731,357.23 at the end of Q1 2021, reflecting a decrease of 39.2%[31]

Financial Performance - The company's operating revenue for 2021 was RMB 123.63 billion, an increase of 14.5% from RMB 108.00 billion in 2020[4]. - Net profit attributable to shareholders of the parent company was RMB 2.93 billion, representing a growth of 3.1% compared to RMB 2.84 billion in 2020[4]. - The core net profit attributable to shareholders (excluding fair value gains from investment properties) was RMB 2.44 billion, a slight decrease of 0.2% from RMB 2.45 billion in 2020[4]. - Basic earnings per share remained at RMB 0.27, while diluted earnings per share increased by 5.3% to RMB 0.20 from RMB 0.19[4]. - The total profit was approximately RMB 7,880.5 million, reflecting a year-on-year increase of about 1.1%[57]. - The company achieved a revenue of approximately RMB 123,634.4 million for the year, representing a year-on-year increase of about 14.5%[43]. - The company reported a gross profit margin of 15.8% for its total operations, which decreased by 3.1 percentage points compared to the previous year[71]. Dividends and Shareholder Returns - The company declared a final dividend of RMB 0.104 per share, a significant increase of 73.3% from RMB 0.06 in the previous year[4]. - The board proposed a final dividend of RMB 0.104 per share, totaling approximately RMB 1,110,488,198, subject to shareholder approval[135]. - The company issued a final dividend of RMB 0.06 per share for the year 2020, with the payment date on July 9, 2021[200]. - For the year 2021, the proposed final dividend is RMB 0.104 per share, with the payment date scheduled for July 8, 2022[200]. Assets and Liabilities - Total assets decreased by 1.7% to RMB 286.36 billion from RMB 291.35 billion in the previous year[4]. - The company's debt-to-asset ratio improved to 66.6%, down 1.0 percentage points from 67.6% in 2020[4]. - The group's net current assets were approximately RMB 50,224.9 million, a decrease of about RMB 13,634.5 million compared to the beginning of the reporting period[109]. - The asset-liability ratio was approximately 66.6%, a decrease of about 1.0 percentage points compared to the beginning of the reporting period[109]. - As of December 31, 2021, the company's total assets pledged for loans amounted to RMB 34,974.7 million, representing approximately 12.2% of total assets[118]. Market Position and Capacity - The company is positioned as the third-largest cement producer in China, with a clinker capacity of approximately 120 million tons and a cement capacity of about 170 million tons[8]. - Cement production capacity is approximately 120 million tons, with a concrete production capacity of about 54 million cubic meters[48]. - The company is focusing on enhancing its market control in the Beijing-Tianjin-Hebei region through mergers, restructuring, and strategic cooperation[44]. Real Estate Development - The company has developed over 170 real estate projects with a total construction area of approximately 30 million square meters and total assets of RMB 150 billion[10]. - The real estate development segment achieved a revenue of approximately RMB 39,730 million, a year-on-year increase of about 26.9%[71]. - The total area delivered during the year was approximately 1,833,600 square meters, a year-on-year increase of about 20.7%[67]. - The company acquired 9 new land parcels in 7 locations, adding a total of 760,000 square meters of equity area[44]. Technological Innovation and Development - The company emphasizes technological innovation and has created a comprehensive system of prefabricated construction products[9]. - The company is committed to technological innovation, establishing a comprehensive innovation ecosystem centered around "government-industry-academia-research-application-finance"[44]. - The company is focusing on the development of intelligent, green, ecological, and safe construction materials to establish itself as a benchmark enterprise in the industry[82]. - The company is implementing a three-year action plan for technological innovation (2021-2023) to enhance its innovation capabilities and establish a comprehensive innovation ecosystem[86]. Environmental and Social Responsibility - The company is focusing on green and low-carbon development, promoting digital transformation, and enhancing its manufacturing capabilities[80]. - The company has become the only demonstration enterprise in Beijing for the clean production partnership project in the Beijing-Tianjin-Hebei region[87]. - The company has actively promoted environmental standardization and has not experienced any major environmental pollution incidents during the reporting period[145]. - The company’s pollution emission levels are significantly lower than national special emission limits, particularly in key regions like Beijing-Tianjin-Hebei and Fenwei Plain[90]. Governance and Management - The company has established a risk management program to identify and control various risks in line with the best interests of the company and its shareholders[122]. - The company has adhered to compliance policies and procedures to ensure compliance with applicable laws and regulations[148]. - The Supervisory Board held six meetings during the reporting period to oversee the company's financial situation and compliance with legal operations[179]. - The company confirmed that there were no significant violations of laws or regulations in its operations or management practices during the reporting period[184]. Future Outlook and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[19]. - The company aims to enhance supply chain resilience through structural and technological policies, promoting digital transformation and innovation in manufacturing[96]. - The company anticipates favorable conditions for achieving its 2022 objectives due to supportive fiscal and monetary policies[45]. - The company is committed to high-quality development and innovation, focusing on digitalization and upgrading the industrial chain[97].