Financial Performance - The company's operating revenue for the first half of 2022 was ¥5,037,203,897.77, representing a 23.76% increase compared to ¥4,069,994,359.57 in the same period last year[30]. - The net profit attributable to shareholders of the listed company was ¥248,718,755.69, a 50.92% increase from ¥164,804,006.89 year-on-year[30]. - The net profit after deducting non-recurring gains and losses reached ¥249,681,611.91, marking a significant increase of 243.87% compared to ¥72,608,639.56 in the previous year[30]. - The basic earnings per share increased to ¥0.20, up 53.85% from ¥0.13 in the same period last year[30]. - The total assets at the end of the reporting period were ¥22,414,552,485.50, reflecting a 1.67% increase from ¥22,046,369,269.04 at the end of the previous year[30]. - The net assets attributable to shareholders of the listed company were ¥10,849,961,808.76, which is a 1.34% increase from ¥10,706,425,265.77 at the end of the previous year[30]. - The net cash flow from operating activities improved significantly to -¥70,947,420.01, a 93.01% improvement from -¥1,015,194,758.57 in the same period last year[30]. - The weighted average return on equity was 2.29%, an increase of 0.76% compared to 1.53% in the previous year[30]. - The company's operating costs increased by 23.00%, amounting to ¥4,248,656,301.14, up from ¥3,454,240,883.53 in the previous year[82]. - The company achieved a 385.87% increase in income tax expenses, amounting to ¥78,553,592.21, due to the absence of unrecouped losses from the previous year[82]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6]. - The company focuses on high-quality development in key sectors such as healthcare, civil, energy, logistics, and new infrastructure[47]. - The company aims to enhance its technological capabilities in the fields of smart hospitals, green buildings, and green energy during the 14th Five-Year Plan[43]. - The company has established long-term strategic partnerships with various stakeholders, including local governments and financial institutions, to enhance its business development[60]. - The company is actively expanding its market presence in municipal water supply and drainage, industrial wastewater treatment, and solid waste disposal sectors[44]. - The company is focusing on innovation and transformation, aligning with its "14th Five-Year Plan" for high-quality development[57]. International Operations - The company has established over 70 overseas offices, completing numerous large-scale turnkey projects across Asia, Africa, the Americas, and Eastern Europe[41]. - In the first half of 2022, the total revenue from foreign contracted projects reached 458 billion yuan, a year-on-year increase of 4.2%[46]. - The international engineering contracting business signed new contracts worth 1.479 billion USD, with effective contracts amounting to 1.157 billion USD, representing a year-on-year growth of 313.21%[68]. - The company has 9.556 billion USD in backlog for international engineering contracting as of June 2022[68]. - The company is actively expanding its market presence in Iraq, the Philippines, Indonesia, and Guyana, signing multiple key projects under the Belt and Road Initiative[68]. Project Development - The company has developed investment projects such as the Vientiane Riverside Comprehensive Development Project and the China-Belarus Industrial Park[44]. - The company completed the construction of the Philippines San Jose-Agat 115kV transmission line project with a contract value of 6.99 million USD[64]. - The company signed contracts worth 808 million yuan in key core equipment research and manufacturing, maintaining its leading position in the passenger cableway sector[74]. - The company initiated the construction of the Anren Wastewater Treatment Plant in Chengdu, marking a significant step in its investment in environmental projects[76]. - The company signed a strategic cooperation framework agreement with the Gansu (Lanzhou) International Land Port Management Committee to promote "Silk Road E-commerce" initiatives[76]. Technological Advancements - The company has received over 300 national and provincial-level technology achievement awards, showcasing its strong technical capabilities[49]. - The company operates three national-level testing centers, enhancing its quality control and safety standards in the industry[49]. - The company applied for 68 patents during the reporting period, including 27 invention patents, and led the formulation of 8 major domestic and international standards[77]. - The company is focusing on enhancing its research capabilities, having applied for over ten national key research projects during the reporting period[117]. - The company is actively developing new technologies, including permanent magnet direct drive motors for cable cars and integrated ultra-clean emission technologies for air pollutants[145]. Environmental and Social Responsibility - The company has implemented environmental monitoring plans, conducting water quality tests every two hours and uploading data to environmental protection platforms[140]. - The company has not received any administrative penalties related to environmental issues during the reporting period[141]. - The company is focusing on energy conservation and environmental protection, actively engaging in research and development in green design and waste treatment[142]. - The company invested 875,000 yuan in targeted poverty alleviation projects in Guangyuan City, Sichuan Province, as part of its social responsibility efforts[150]. - The company has supported local economic development through various international projects, including irrigation systems in the Philippines and hospital aid in Ecuador, benefiting thousands of households[153]. Risk Management - The company has implemented strict risk control measures for its forward foreign exchange settlement and sales business to mitigate risks associated with exchange rate fluctuations[109]. - The company is addressing international operational risks, including geopolitical tensions and inflation, by strengthening market analysis and compliance management[120]. - The company is optimizing its business model to mitigate risks associated with long-term contracts and rising material costs, aiming for a full value chain development model[121]. - The company has implemented measures to manage exchange rate risks, as most contracts are denominated in USD, and will continue to monitor currency fluctuations[122]. Corporate Governance - The company held its first extraordinary general meeting of 2022 on January 18, with a participation rate of 64.20%[125]. - The company did not distribute cash dividends or bonus shares for the first half of 2022[129]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[130]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[164]. - There were no significant litigation or arbitration matters reported during the period[168].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,556,550,193.89, representing a 53.05% increase compared to ¥1,670,432,089.57 in the same period last year[3] - Net profit attributable to shareholders was ¥74,336,717.37, up 9.19% from ¥68,080,400.69 year-on-year[3] - Total operating revenue for the current period reached ¥2,556,550,193.89, a significant increase from ¥1,670,432,089.57 in the previous period, representing a growth of approximately 53%[25] - Total operating costs amounted to ¥2,466,838,782.44, up from ¥1,599,620,329.19, indicating a rise of about 54%[25] - Net profit for the current period was ¥71,084,947.19, compared to ¥64,351,094.17 in the previous period, reflecting an increase of approximately 10%[25] - The net profit attributable to the parent company was ¥74,336,717.37, up from ¥68,080,400.69, marking a growth of around 9%[29] - The company reported a total comprehensive income of ¥95,152,043.57, slightly down from ¥96,489,186.54 in the previous period[29] - Basic and diluted earnings per share remained stable at ¥0.06 for both periods[29] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net cash outflow of ¥150,908,955.19, a 78.97% reduction from a cash outflow of ¥717,569,098.86 in the previous year[3] - Cash inflow from operating activities totaled ¥2,320,209,415.06, an increase from ¥1,816,924,827.76 in the previous period, representing a growth of approximately 27.7%[33] - Cash inflow from investment activities was ¥51,553,838.62, compared to ¥350,137.00 in the previous period, indicating a significant increase[36] - Cash inflow from financing activities amounted to ¥146,734,297.47, up from ¥49,706,224.37 in the previous period, showing a growth of approximately 194.5%[36] - The company reported a decrease in cash paid to employees, totaling ¥307,892,817.54, down from ¥473,572,101.96 in the previous period, representing a reduction of approximately 35%[33] - The ending balance of cash and cash equivalents was ¥6,716,673,553.19, slightly up from ¥6,613,950,701.60 in the previous period[36] Assets and Liabilities - The company's total assets increased by 1.64% to ¥22,096,458,064.16 from ¥21,740,275,865.07 at the end of the previous year[3] - The total current assets at the end of the reporting period amounted to ¥17,957,615,810.97, a decrease from ¥18,055,645,124.71 at the beginning of the year[19] - The total non-current assets increased to ¥4,138,842,253.19 from ¥3,990,724,144.33 at the beginning of the year[19] - The total liabilities amounted to ¥11,171,664,486.20, slightly down from ¥11,219,208,934.65[22] - Total equity attributable to shareholders reached ¥10,804,829,079.52, compared to ¥10,706,425,265.77 in the previous period, indicating an increase of approximately 1%[22] Business Operations and Strategy - The company is focusing on three main business segments: design consulting and engineering contracting, advanced engineering technology development and application, and engineering investment and operation[6] - The company aims to enhance quality and efficiency while managing exchange rate risks, aligning with its "14th Five-Year Plan" strategy[6] - Prepayments increased by 46.17% compared to the beginning of the year, indicating more projects in the early execution phase[6] - Financial expenses surged by 164.73% year-on-year, primarily due to exchange gains from the previous year[6] - Investment income increased by 45.88% year-on-year, attributed to higher forward foreign exchange disposal gains[6] Contracts and Projects - The company signed a business contract for the Iraq Block 9 crude oil central processing facility project with a contract amount of $593,584,975, effective from the signing date[15] - A second contract for the Iraq Block 9 natural gas central processing facility was signed with a contract amount of $411,935,438.83, also effective from the signing date[15] Return on Investment - The weighted average return on equity rose to 0.69%, up from 0.65% year-on-year[3] - The company achieved a foreign exchange hedging gain of ¥0.16 billion during the reporting period, effectively reducing the impact of exchange rate fluctuations on performance[15] - Cash received from investment income was ¥50,546,550.80, indicating a positive return on investments[36]

Financial Performance - The company's operating revenue for 2021 was ¥8,639,764,504.93, an increase of 8.46% compared to ¥7,965,990,108.72 in 2020[6]. - The net profit attributable to shareholders in 2021 was ¥282,440,562.66, a significant increase of 436.93% from a loss of ¥83,826,728.08 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥116,417,543.45, up 210.09% from a loss of ¥105,750,995.21 in 2020[6]. - Basic earnings per share for 2021 were ¥0.23, compared to a loss of ¥0.07 per share in 2020, representing an increase of 428.57%[6]. - The total assets at the end of 2021 were ¥22,046,369,269.04, reflecting a growth of 1.68% from ¥21,682,851,389.56 at the end of 2020[6]. - The net assets attributable to shareholders at the end of 2021 were ¥10,706,425,265.77, an increase of 2.61% from ¥10,434,377,048.35 at the end of 2020[6]. - The company achieved a revenue of 8.64 billion yuan, representing a year-on-year growth of 8.46%[69]. - Net profit attributable to shareholders reached 282 million yuan, a significant increase of 436.93% year-on-year[69]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 116 million yuan, up 210.09% year-on-year[69]. Cash Flow and Financial Structure - The company's cash flow from operating activities showed a net outflow of ¥414,671,226.59, a decrease of 221.32% compared to a positive cash flow of ¥341,798,563.08 in 2020[6]. - The net cash flow from operating activities was -¥414,671,226.59 in 2021, a significant decrease of 221.32% compared to ¥341,798,563.08 in 2020[130]. - The net cash flow from investment activities was -¥212,312,933.23 in 2021, a decrease of 1,211.13% compared to -¥16,193,186.79 in 2020[131]. - The net cash flow from financing activities was -¥354,668,026.75 in 2021, a decrease of 198.24% compared to ¥361,020,915.41 in 2020[131]. - The total cash and cash equivalents decreased by ¥1,077,150,337.69 in 2021, marking a decline of 315.07% compared to an increase of ¥500,834,625.36 in 2020[130]. - The financing structure of the company is reasonable, with total financing amounting to approximately ¥619.63 million, including short-term loans of ¥416.10 million and long-term loans of ¥203.53 million[62]. Strategic Planning and Business Operations - The company operates under a strategic planning framework referred to as "1+3+7," which includes one overall strategy and three subsidiary strategies[18]. - The company is involved in various sectors, including engineering, procurement, and construction (EPC) projects[18]. - The company focuses on high-quality development in key sectors such as healthcare, civil, energy, logistics, and new infrastructure, aiming for full value chain operations in domestic engineering contracting[45]. - The company has established a comprehensive quality control system, successfully passing the ISO9001 re-certification audit in September 2021, ensuring effective operation without major quality issues during the reporting period[62]. - The company has implemented a clear strategic layout focusing on transformation, integration, and high-quality development, aiming to become a leading international engineering enterprise[66]. Market Presence and International Operations - The company has established over 70 overseas offices, completing hundreds of large-scale turnkey projects across Asia, Africa, the Americas, and Eastern Europe[51]. - The company signed and executed contracts worth 2.038 billion USD overseas, marking an 18.07% increase year-on-year[75]. - The total overseas effective contract amount reached 635 million USD, a substantial growth of 174.89% year-on-year[75]. - The company is actively pursuing market opportunities in the fields of medical, energy, airport logistics, and civil construction, enhancing its technological and research capabilities[69]. - The company aims to leverage opportunities from the RCEP and the Belt and Road Initiative to develop key markets and projects[180]. Research and Development - The company's R&D investment amounted to ¥499,051,400 in 2021, a decrease of 5.91% compared to ¥530,423,954.86 in 2020[124]. - The proportion of R&D investment to operating revenue was 5.78% in 2021, down from 6.66% in 2020, reflecting a decrease of 0.88%[124]. - The number of R&D personnel decreased by 6.88% to 2,328 in 2021 from 2,500 in 2020, while the proportion of R&D personnel increased to 53.60%[124]. - The company applied for 92 patents during the reporting period, including 28 invention patents, and authorized 92 patents, with 18 being invention patents[91]. - The company completed key research projects in fire safety and industrial vehicle standards, enhancing its influence in international standardization[124]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[6]. - The company has implemented strict risk control measures for its forward foreign exchange settlement business, including regular audits and compliance checks[156]. - The company has established a management approach for forward foreign exchange settlements to mitigate exchange rate risks and reduce foreign exchange losses[156]. - The company has revised its governance structure and internal control systems in compliance with relevant laws and regulations, ensuring high-quality development[193]. - The company maintains a clear separation from its controlling shareholder in terms of business, personnel, assets, and financial management, ensuring independent operations[199]. Corporate Social Responsibility - The company was recognized as a leading enterprise in social responsibility performance evaluation in 2021 by the China International Contractors Association[44]. - The company actively respects and protects the rights of stakeholders, balancing interests among shareholders, employees, and society[196]. - The company ensures timely and accurate information disclosure, providing equal access to information for all shareholders[196].

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,257,785,790.17, representing a year-on-year increase of 22.10%[5] - The net profit attributable to shareholders for Q3 2021 was ¥66,914,507.48, an increase of 53.80% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,563,615.42, up 81.60% year-on-year[5] - The weighted average return on net assets for Q3 2021 was 0.61%, compared to 0.18% in the same period last year[7] - The net profit attributable to the parent company was CNY 231,718,514.37, an increase from CNY 128,426,091.15 in the previous period, representing an increase of approximately 80.4%[34] - The total profit amounted to CNY 236,250,356.31, compared to CNY 133,489,125.80 in the prior period, reflecting a growth of about 77.1%[34] - The total comprehensive income attributable to the parent company was CNY 217,220,926.82, up from CNY 59,833,565.25, showing a significant increase of approximately 263.5%[37] - The basic earnings per share increased to CNY 0.19 from CNY 0.10, marking an increase of 90%[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥21,907,553,294.89, reflecting a 1.04% increase from the end of the previous year[7] - Total assets reached CNY 21,907,553,294.89, up from CNY 21,682,851,389.56, indicating a growth of 1.0%[26] - Total liabilities increased to CNY 11,128,065,837.29 from CNY 10,988,220,628.90, marking a rise of 1.3%[29] - The company's total equity remained unchanged at ¥5,978,639,270.93, indicating stability in shareholder value[54] - Total liabilities and equity amount to approximately ¥21.68 billion, a decrease of ¥492.29 million compared to the previous period[57] Cash Flow - The company reported a significant decrease in net cash flow from operating activities, which was -¥1,235,290,111.26, a decline of 242.68% year-on-year[9] - The company reported a net cash outflow from operating activities of CNY -1,235,290,111.26, compared to CNY -360,480,645.50 in the previous period[44] - The company achieved cash inflows from operating activities totaling CNY 5,189,771,920.94, down from CNY 6,951,917,938.40[44] - The net cash flow from investment activities was CNY -71,170,842.27, compared to CNY 8,268,081.37 in the previous period, indicating a decline[44] - Cash inflow from financing activities totaled ¥413,432,391.66, a significant increase from ¥151,940,000.00 in the previous period, reflecting a growth of approximately 172.5%[47] - Net cash flow from financing activities was negative at -¥308,089,560.58, worsening from -¥147,590,112.95 year-over-year[47] - The company's cash and cash equivalents decreased by ¥1,899,577,566.89, compared to a decrease of ¥560,140,656.70 in the prior period, indicating a decline of approximately 238%[47] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,085[13] - The largest shareholder, China Machinery Industry Group Co., Ltd., holds 62.86% of shares, totaling 777,853,876 shares[13] - The top three shareholders, including China Machinery Industry Group, hold a combined total of 78,749,930 shares, representing 63.64% of the total share capital[16] Contracts and Projects - The company signed a business contract for the Guinea NJMC gold mine project with a contract value of $85.1261 million, with a project duration of 24 months[18] - The company also signed a business contract for the Bangladesh DESWSP water pipeline project valued at $92 million, with full prepayment received[18] - The company transferred 51% equity in a subsidiary, generating an estimated profit of approximately 0.67 million yuan[19] Strategic Focus - The company plans to focus on design consulting and engineering contracting, advanced engineering technology equipment development, and engineering investment and operation as part of its "14th Five-Year Plan" strategy[9] - The company plans to focus on three main business segments: design consulting and engineering contracting, advanced engineering technology equipment development and application, and engineering investment and operation[17] - The company aims to become a competitive and integrated engineering service provider by 2025, aligning with its strategic planning[17] Financial Adjustments - The company has implemented new leasing standards, adjusting financial statements accordingly, which may impact future financial reporting[48] - The company has adjusted its accounting policies in accordance with the new leasing standards issued by the Ministry of Finance, which will not have a significant impact on financial status, operating results, or cash flows[57] Other Financial Metrics - Cash and cash equivalents decreased to CNY 6,364,562,984.74 from CNY 8,045,496,652.13, a decline of 20.9%[23] - Accounts receivable rose to CNY 5,181,428,135.99, compared to CNY 4,279,833,956.75, representing an increase of 21.0%[23] - Inventory slightly decreased to CNY 3,961,989,063.47 from CNY 3,983,098,008.72, a reduction of 0.5%[23] - Non-current assets totaled CNY 3,941,894,468.80, an increase from CNY 3,499,275,651.06, reflecting a growth of 12.6%[26] - Research and development expenses were CNY 178,191,278.79, down from CNY 212,277,108.50, indicating a decrease of approximately 16.0%[34] - Sales expenses decreased to CNY 193,570,257.17 from CNY 241,018,407.80, reflecting a reduction of about 19.7%[34] Audit Status - The third quarter report has not been audited[58]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,069,994,359.57, representing a 15.43% increase compared to CNY 3,525,926,319.65 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached CNY 164,804,006.89, a significant increase of 94.09% from CNY 84,910,822.48 in the previous year[26]. - The basic earnings per share increased to CNY 0.13, up 85.71% from CNY 0.07 in the previous year[26]. - The company reported a decrease of 22.99% in net profit attributable to shareholders after deducting non-recurring gains and losses, totaling CNY 72,608,639.56 compared to CNY 94,283,165.68 in the previous year[26]. - The weighted average return on net assets was 1.53%, an increase of 0.77% compared to 0.76% in the previous year[26]. - The company reported a non-recurring profit of 92,195,367.33 RMB, with a significant contribution from forward foreign exchange settlement and sales[32]. - The company reported a foreign exchange loss of 35 million yuan due to the significant appreciation of the RMB compared to the previous year[61]. - The company achieved a net profit increase of 66.71 million yuan from the disposal of a subsidiary, contributing positively to its financial performance[116]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -1,015,194,758.57, which is a 41.53% decline compared to CNY -717,292,784.73 in the same period last year[26]. - Total assets at the end of the reporting period were CNY 21,333,951,190.20, a decrease of 1.61% from CNY 21,682,851,389.56 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company increased to CNY 10,624,499,777.40, reflecting a growth of 1.82% from CNY 10,434,377,048.35 at the end of the previous year[26]. - The company's cash and cash equivalents decreased by 7.72% to ¥6,269,499,437.45, primarily due to repayment of current loans[87]. - Accounts receivable increased by 1.90% to ¥4,616,801,361.37, accounting for 21.64% of total assets[87]. - The company reported a significant increase in inventory, which rose to ¥4,079,208,201.11, accounting for 19.12% of total assets[87]. Revenue Segments - The engineering contracting and complete equipment segment generated CNY 2.54 billion, accounting for 62.33% of total revenue, with a year-on-year growth of 7.82%[79]. - The consulting and design segment saw significant growth, with revenue of CNY 830 million, up 48.54% from CNY 558 million in the previous year, representing 20.39% of total revenue[79]. - The equipment manufacturing segment experienced a remarkable increase of 208.46%, with revenue reaching CNY 464 million, compared to CNY 150 million last year[79]. - Domestic revenue accounted for 65.05% of total revenue, increasing by 25.57% year-on-year to ¥2,647,654,707.47[82]. - Overseas revenue was ¥1,422,339,652.10, a slight increase of 0.35% year-on-year, representing 34.95% of total revenue[82]. Market Position and Strategy - The company maintains the number one market share in passenger cableway business and ranks among the top in automated logistics warehousing[38]. - The company aims to strengthen its technological leadership and enhance its design consulting capabilities during the 14th Five-Year Plan period, focusing on digital transformation[39]. - The company is actively expanding its market presence, with new projects in various sectors including healthcare and logistics, contributing to its growth strategy[69]. - The company plans to optimize its market layout and enhance its brand image along the Belt and Road Initiative to mitigate risks associated with international projects[119]. - The company is actively involved in the development of new projects and technologies within the industrial sector[171]. Investments and Contracts - The company signed new contracts worth 1.549 billion yuan in domestic design consulting and 829 million yuan in domestic engineering contracting during the reporting period[58]. - The international engineering contracting business signed new contracts worth 1.585 billion USD, a year-on-year increase of 106.11%[64]. - The total contract amount for completed international projects was 510 million USD, with four projects completed during the reporting period[62]. - The company has a backlog of international engineering contracting contracts amounting to 9.381 billion USD as of June 30, 2021[64]. - The company signed a significant contract with Kazakhstan Suk Petroleum and Gas Co. for a total amount of USD 1.196 billion, which is currently not effective[193]. - The company entered into an EPC contract for the construction of a school in Langfang with a total amount of RMB 597.2049 million[194]. - The company signed a business contract for the Bangladesh DESWSP water pipeline project valued at approximately USD 92 million[195]. Risk Management and Compliance - The company has established a strict decision-making process and risk control measures for its forward foreign exchange settlement business[111]. - The company’s forward foreign exchange settlement business aims to reduce exchange rate risks and control operational risks[111]. - The company faced risks from geopolitical factors, with potential impacts on project execution and revenue due to political instability in emerging markets[119]. - The company reported a significant exchange rate risk due to its overseas operations, with substantial foreign exchange losses in 2021 attributed to fluctuations in the USD/RMB exchange rate[122]. - The company has implemented measures to strengthen the management of receivables related to engineering projects and trade[110]. Corporate Social Responsibility - The company has invested 217,544 yuan in poverty alleviation products, supporting local agricultural products from Sichuan, Shanxi, and Henan[146]. - The company has successfully completed multiple projects under the Belt and Road Initiative, improving local living standards and infrastructure[150]. - The company donated 1 million RMB to support flood relief and reconstruction efforts in Henan Province[153]. - The company has actively fulfilled its responsibilities as a central enterprise, demonstrating commitment to social responsibility through disaster relief efforts[153]. Stock Options and Incentives - The company implemented a stock option incentive plan, granting a total of 21.42 million stock options at an exercise price of 20.84 CNY per share[130]. - The stock option incentive plan was fully canceled as of May 18, 2021, after the third exercise period did not meet performance targets, resulting in the cancellation of 6.37 million stock options[135]. - The company’s stock option incentive plan has undergone multiple adjustments and cancellations based on performance assessments[136]. - The independent directors provided opinions on all adjustments and cancellations related to the stock option incentive plan[136]. Environmental and Safety Compliance - The company has implemented environmental monitoring schemes, ensuring real-time data upload to provincial and municipal environmental protection platforms[144]. - The company has received no administrative penalties for environmental issues during the reporting period[144]. - The company has implemented a strict quality and safety management system, resulting in no major quality issues or safety accidents during the reporting period[152]. - The company has maintained a stable quality management and safety production environment, with ongoing safety inspections and hazard assessments[152].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,670,432,089.57, representing a 4.13% increase compared to ¥1,604,234,557.49 in the same period last year[9]. - Net profit attributable to shareholders was ¥68,080,400.69, a significant increase of 199.54% from ¥22,728,095.88 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was ¥58,754,238.73, up 55.06% from ¥37,890,101.15 year-on-year[9]. - The basic earnings per share rose to ¥0.06, a 200.00% increase compared to ¥0.02 in the same period last year[9]. - In Q1 2021, the company's revenue increased by 4.13% year-on-year, while net profit attributable to shareholders surged by 199.54% due to a low base from Q1 2020 impacted by COVID-19[23]. - Net profit for the current period was ¥64,351,094.17, significantly higher than ¥7,656,842.83 in the previous period, marking an increase of 740.5%[70]. - The profit attributable to shareholders of the parent company was ¥68,080,400.69, compared to ¥22,728,095.88 in the previous period, representing an increase of 199.5%[70]. - Other comprehensive income after tax for the current period was ¥32,138,092.37, a recovery from a loss of ¥54,304,083.31 in the previous period[70]. - The total comprehensive income for the current period is 49,296,132.66, compared to 77,417,336.85 in the previous period, showing a decrease of approximately 36.3%[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥21,740,275,865.08, reflecting a 0.26% increase from ¥21,682,851,389.56 at the end of the previous year[9]. - Total liabilities decreased to ¥10,948,174,917.88 from ¥10,988,220,628.90, a decline of about 0.36%[54]. - Current liabilities totaled ¥9,889,072,247.16, down from ¥10,576,611,112.49, showing a decrease of approximately 6.50%[54]. - The total owner's equity increased to ¥10,792,100,947.20 from ¥10,694,630,760.66, reflecting a growth of approximately 0.91%[57]. - The company's long-term borrowings increased to ¥125,220,796.83 from ¥101,825,067.09, representing a growth of 22.87%[54]. - Total liabilities rose from 10,988,220,628.90 to 11,619,375,854.30, an increase of 631,155,225.40[98]. - The company's total equity remained stable at 10,694,630,760.66, indicating no change in shareholder equity[98]. Cash Flow - The net cash flow from operating activities improved to -¥717,569,098.86, a 5.51% improvement from -¥759,438,931.58 in the same period last year[9]. - Cash inflows from operating activities totaled 1,816,924,827.76, an increase from 1,678,540,202.36 in the previous period, representing a growth of about 8.3%[85]. - Cash outflows from operating activities amounted to 2,534,493,926.62, compared to 2,437,979,133.94 in the previous period, indicating an increase of approximately 4.0%[85]. - The company's cash and cash equivalents decreased to ¥3,963,663,447.53 from ¥4,121,811,059.87, a decline of about 3.84%[58]. - Cash and cash equivalents at the end of the period stand at 6,613,950,701.60, down from 6,775,619,541.14 in the previous period, reflecting a decrease of about 2.4%[87]. - The company received cash from sales of goods and services amounting to 1,626,504,080.14, compared to 1,548,009,878.71 in the previous period, marking an increase of approximately 5.0%[81]. - The company reported a cash inflow from financing activities of 49,706,224.37, compared to 109,530,500.00 in the previous period, reflecting a decline of approximately 54.7%[87]. - Net cash flow from investing activities was -464,894.69, a significant decrease compared to -84,801.39 from the previous period[91]. Investments and Contracts - The company signed a total of two significant contracts during the reporting period, including a contract worth ¥597.20 million for a school construction project and another worth ¥31.98 million for a hospital design project[24]. - The company transferred 51% equity of a subsidiary for ¥177.66 million to optimize resource allocation, with the transaction completed on April 1, 2021[24]. - The fair value of the company's investment in 蓝科高新 was reported at ¥40.60 million as of March 31, 2021, reflecting a gain of ¥9.59 million during the reporting period[30]. - The fair value of other equity investments held by the company amounted to ¥53.60 million as of March 31, 2021[31]. Risk Management - The company has implemented a risk management framework for its forward foreign exchange contracts to mitigate currency fluctuation risks[37]. - The company has established a set of guidelines for managing forward foreign exchange transactions, which includes approval processes and risk management measures[37]. - The fair value of derivatives is primarily based on contracts with banks, with specific valuation methods and assumptions disclosed[38]. - The company reported no significant changes in accounting policies for derivatives compared to the previous reporting period[38]. - There were no major operational contracts or entrusted financial management activities reported during the period[39][40]. - The company has no violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[41][42]. Research and Development - Research and development expenses for the current period were ¥49,836,506.14, down from ¥58,964,924.48, indicating a decrease of 15.5%[67].

Financial Performance - The company reported a total revenue of 10.5 billion RMB for the year 2020, representing a year-on-year increase of 15%[20] - The net profit attributable to shareholders was 1.2 billion RMB, an increase of 20% compared to the previous year[20] - The company's operating revenue for 2020 was ¥7,965,990,108.72, a decrease of 25.25% compared to ¥10,656,800,243.72 in 2019[28] - The net profit attributable to shareholders for 2020 was -¥83,826,728.08, representing a decline of 107.96% from ¥1,053,718,358.99 in 2019[28] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥105,750,995.21, down 110.98% from ¥962,923,656.51 in 2019[28] - The basic earnings per share for 2020 was -¥0.07, a decline of 108.24% from ¥0.85 in 2019[28] - The diluted earnings per share for 2020 was also -¥0.07, reflecting the same percentage decline of 108.24% from ¥0.85 in 2019[28] - The company reported a net profit attributable to shareholders of -83,826,728.08 RMB for 2020, resulting in no cash dividends being distributed for the year[167] - In 2019, the company distributed cash dividends totaling 185,611,340.55 RMB, which accounted for 17.61% of the net profit attributable to shareholders[167] - The company plans to retain undistributed profits for future development, with no plans for cash dividends, stock dividends, or capital reserve transfers in 2020[167] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% growth in this region over the next three years[20] - The company is actively participating in the Regional Comprehensive Economic Partnership (RCEP) to leverage trade opportunities in the Asia-Pacific region[20] - The company is focusing on expanding its investment operations in the environmental sector, successfully developing multiple BOT projects[45] - The company is positioned to benefit from the rapid development of the ice and snow sports industry and the growth of the domestic tourism market[50] - The company aims to enhance its international competitiveness and expand its market presence along the "Belt and Road" initiative, which is expected to provide significant development space[150] - The company will actively pursue new market opportunities in key regions such as the Beijing-Tianjin-Hebei area, the Yangtze River Economic Belt, and the Guangdong-Hong Kong-Macau Greater Bay Area[157] Research and Development - The company has invested 500 million RMB in R&D for new technologies, focusing on smart construction solutions[20] - The company's R&D investment amounted to approximately ¥530.42 million in 2020, a decrease of 12.54% from ¥606.46 million in 2019, while the R&D investment as a percentage of operating revenue increased to 6.66% from 5.69%[109] - In 2020, the company received 9 provincial and ministerial-level scientific and technological awards and applied for 124 patents, with 105 patents granted, including 14 invention patents[107] - The company emphasizes the importance of technological innovation and is actively involved in international technology cooperation projects[106] Project Management and Operations - The company has adopted Building Information Modeling (BIM) technology to improve project efficiency and reduce costs[20] - The company has strengthened its project management capabilities by optimizing its EPC project lifecycle management system[66] - The company has developed a comprehensive EPC model for its engineering contracting business, integrating design, equipment, and construction resources[54] - The company has implemented a precise resumption plan to mitigate losses caused by the pandemic while ensuring the health and safety of personnel[70] - The company has a diversified financing strategy and maintains close communication with domestic financial and insurance institutions to facilitate project financing[66] International Contracts and Projects - The company signed new international engineering contracts worth $1.726 billion, including projects in Iraq, Cambodia, Sri Lanka, Ukraine, Uzbekistan, and Belarus[73] - The company has a backlog of international engineering contracts amounting to $8.232 billion as of the end of 2020[75] - The company completed 9 projects during the reporting period, with a total contract value of $338 million[71] - The company is executing 23 foreign aid projects, with several projects officially under construction[77] - The company has 38 ongoing overseas projects with a total project value of 305.40 million USD[92] Financial Management and Risks - The company has a long-term commitment to fulfill its obligations regarding asset transfers and debt responsibilities[171] - The company faces risks including geopolitical risks, EPC business model risks, COVID-19 pandemic risks, and exchange rate risks, particularly with revenue primarily denominated in USD[161] - The company has implemented a forward foreign exchange settlement and sales business to mitigate exchange rate losses and will continue to monitor currency fluctuations[161] - The company is committed to improving its management efficiency and financial performance by benchmarking against world-class enterprises and enhancing cost management practices[158] Corporate Governance and Compliance - The company is committed to maintaining independence from its parent company and ensuring fair pricing in related transactions[171] - The company guarantees that shares held prior to the transaction will not be transferred for 12 months post-transaction completion, including any shares increased due to rights issues or stock dividends[174] - The company will strictly adhere to laws and regulations regarding related party transactions, minimizing such transactions post-transaction completion[180] - The company has pledged to compensate for any losses incurred by the listed company due to violations of commitments made regarding related party transactions[183]

中工国际工程股份有限公司 2020 年第三季度报告全文 中工国际工程股份有限公司 2020 年第三季度报告 2020 年 10 月 1 中工国际工程股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 李国强 独立董事 工作原因 葛长银 公司负责人王博、主管会计工作负责人张爱丽及会计机构负责人(会计主管 人员)卫建华声明：保证季度报告中财务报表的真实、准确、完整。 2 中工国际工程股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------ ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥3,525,926,319.65, a decrease of 35.89% compared to ¥5,499,699,837.72 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥84,910,822.48, down 83.00% from ¥499,575,929.52 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥94,283,165.68, a decrease of 80.28% compared to ¥478,107,538.97 in the same period last year[15]. - Basic earnings per share were ¥0.07, down 82.50% from ¥0.40 in the same period last year[15]. - The company reported a revenue of $5.26 billion for the first half of 2020, a decrease of 35.89% year-on-year, and a net profit of $85 million, down 83%[46]. - The company expects a net profit decline of over 50% year-on-year, with an estimated range of 22.4437 million to 74.8127 million CNY for the first nine months of 2020[79]. - The company reported a total comprehensive income of approximately ¥64.98 million, a decrease of 86.8% from ¥492.59 million in the first half of 2019[175]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥717,292,784.73, an improvement of 51.38% from -¥1,475,334,400.22 in the previous year[15]. - The company reported a net increase in cash and cash equivalents of -¥649,681,827.06, which is a 54.15% improvement from -¥1,417,122,034.10 in the same period last year[49]. - The total cash inflow from operating activities decreased to 4,102,015,653.59 CNY in 2020 from 5,176,306,205.55 CNY in 2019, representing a decline of approximately 20.8%[182]. - Cash outflow from operating activities also decreased to 4,819,308,438.32 CNY in 2020 from 6,651,640,605.77 CNY in 2019, a reduction of about 27.5%[182]. - The total cash and cash equivalents at the end of the first half of 2020 were 6,812,648,218.17 CNY, down from 7,127,893,748.67 CNY at the end of the first half of 2019[183]. Assets and Liabilities - Total assets at the end of the reporting period were ¥21,179,489,538.56, a decrease of 3.73% from ¥21,999,483,304.15 at the end of the previous year[15]. - The company's total liabilities decreased from CNY 10,983,904,233.45 to CNY 10,097,275,642.99, a decrease of about 8.05%[166]. - The total equity increased from CNY 11,015,579,070.70 to CNY 11,082,213,895.57, reflecting a growth of approximately 0.61%[167]. - The company's inventory decreased from CNY 1,453,263,553.07 to CNY 1,196,286,455.89, a reduction of about 17.66%[169]. Business Segments and Operations - The company operates in three main business segments: international engineering, consulting design, and domestic engineering, covering six major areas including international contracting and equipment manufacturing[23]. - The international engineering segment has established over 50 overseas offices and completed hundreds of large-scale turnkey projects, contributing significantly to the economic development of host countries[23]. - The consulting design and domestic engineering segment focuses on healthcare, energy, and environmental protection, with a significant competitive advantage in medical construction[24]. - The equipment manufacturing segment maintains the largest market share in passenger cableway design and has developed various automated logistics solutions[25]. Strategic Initiatives and Market Position - The company plans to focus on both domestic and international markets, participating actively in "New Infrastructure" and "Belt and Road" initiatives[46]. - The company is focusing on expanding its market presence along the "Belt and Road" initiative despite challenges posed by the pandemic[39]. - The company aims to enhance its domestic engineering contracting business through the establishment of a domestic engineering division, focusing on project planning and execution[27]. - The company has a strong logistics capability, having completed nearly 100 engineering logistics projects across various countries and regions[25]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[5]. - The first temporary shareholders' meeting in 2020 had an investor participation rate of 63.83%[84]. - The second temporary shareholders' meeting in 2020 had an investor participation rate of 64.44%[84]. - The annual shareholders' meeting for 2019 had an investor participation rate of 63.64%[84]. Risk Management and Challenges - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The company is enhancing its risk management mechanisms to address challenges posed by the COVID-19 pandemic and geopolitical tensions[80]. - The company has introduced strategic adjustments to enhance operational efficiency and reduce costs amid the pandemic[46]. Environmental and Social Responsibility - The company allocated CNY 950,000 for targeted poverty alleviation efforts in 2020, with a total procurement of poverty alleviation agricultural products amounting to CNY 251,328[128]. - The company is actively involved in ecological protection and restoration projects, including the Changbai Mountain ecological protection initiative, which encompasses various environmental conservation efforts[125]. - The company has established a comprehensive environmental self-monitoring program, conducting water quality tests every two hours and uploading data to provincial and municipal environmental platforms[124].

Financial Performance - The company's operating revenue for 2019 was ¥10,656,800,243.72, a decrease of 21.15% compared to ¥13,515,013,433.73 in 2018[23] - The net profit attributable to shareholders for 2019 was ¥1,053,718,358.99, down 22.02% from ¥1,351,245,401.02 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥962,923,656.51, a decrease of 20.45% compared to ¥1,210,425,658.48 in 2018[23] - Basic and diluted earnings per share were both 0.85 CNY, down 22.02% from 1.08 CNY in the previous year[26] - The weighted average return on equity was 10.14%, a decline of 3.47% from 13.85% in the previous year[26] - Total assets amounted to 21,999,483,304.15 CNY, representing a decrease of 1.48% from the previous year's total[26] - The net assets attributable to shareholders of the listed company increased by 7.71% to 10,737,665,099.51 CNY compared to the previous year[26] - The net cash flow from operating activities was -315,643,224.36 CNY, a decrease of 109.80% compared to the previous year[26] Dividend Distribution - The company plans to distribute a cash dividend of ¥1.5 per 10 shares based on a total share capital of 1,237,408,937 shares as of December 31, 2019[6] - The company implemented a cash dividend policy for the 2019 fiscal year, distributing RMB 1.5 per 10 shares, totaling RMB 185,611,340.55, which represents 17.61% of the net profit attributable to shareholders[162] - The cash dividend for the 2018 fiscal year was RMB 3.0 per 10 shares, totaling RMB 370,782,475.80, which accounted for 27.44% of the net profit attributable to shareholders[163] - The company has not proposed any cash dividend distribution plan for the current reporting period despite having positive distributable profits[166] Business Operations - The company has not changed its main business since its listing[21] - The company is under the control of China National Machinery Industry Corporation since 2009, following a transfer of shares from the previous controlling shareholder[21] - The company completed a restructuring, expanding its core business into three major segments: international engineering, consulting design, and domestic engineering[39] - The international engineering segment has established over 50 overseas offices, completing numerous large-scale projects across various regions[39] - The consulting design segment focuses on healthcare, energy conservation, and modern logistics, leveraging the strengths of its subsidiaries[40] - The company holds multiple professional qualifications, including a Class A comprehensive engineering design qualification, enhancing its competitive advantage in the engineering design industry[40] Market Performance - In 2019, the company achieved a new contract amount of $2,602.5 million, representing a year-on-year growth of 7.6%[41] - The company's completed operating revenue reached $1,729 million in 2019, with a year-on-year increase of 2.3%[41] - The company ranked 22nd in new contract amounts and 43rd in completed operating revenue among domestic companies in 2019[41] - The company actively expanded into new markets, achieving contract breakthroughs in Kazakhstan, North Macedonia, Ghana, and Côte d'Ivoire[67] Project Execution - The company executed over 800 consulting and design projects, with significant progress in major projects like the Beijing Daxing International Airport and the Tianjin University seismic simulation facility[68] - The company executed 39 engineering contracting projects, with 4 projects completed, totaling a contract amount of $390 million[65] - The effective contract amount for international engineering contracting reached $991 million, with major projects including the expansion of the Tuz Lake underground gas storage in Turkey and the BELES-1 sugar factory in Ethiopia[67] - The company has successfully implemented localized project execution, improving its technical capabilities and adaptability to foreign standards[44] Financial Management - The company has a strong financing capability, maintaining close communication with domestic financial and insurance institutions to facilitate project financing[57] - The company’s financing structure is reasonable, supporting business development effectively[46] - The company reported a 43.21% decrease in financial expenses, amounting to -¥223,637,202.82, primarily due to foreign exchange gains from USD fluctuations[99] - The company raised a total of ¥20,000,000 through a private placement, with all funds utilized by the end of the reporting period[128] Research and Development - The company reported a 88.49% increase in R&D expenses, totaling ¥316,147,771.11 in 2019, due to an increase in R&D personnel[99] - The number of R&D personnel increased to 2,505 in 2019, up 17.33% from 2,135 in 2018[102] - R&D investment amounted to ¥606,462,866.88 in 2019, a 3.60% increase from ¥585,406,237.52 in 2018, representing 5.69% of operating revenue[102] - The company obtained 8 invention patents, 80 utility model patents, and 18 software copyright certificates in 2019, focusing on high-tech fields supported by the state[100] Strategic Initiatives - The company developed a strategic plan for 2020-2022 to enhance operational management and investment evaluation processes[72] - The company aims to enhance its market presence through strategic partnerships and project management consulting services[82] - The company plans to establish overseas regional centers and optimize its organizational structure to enhance efficiency and decision-making in international projects[149] - The company is committed to mixed-ownership reform and improving internal management to boost operational efficiency and corporate governance[154] Risk Management - The company anticipates risks from global economic slowdown and geopolitical tensions, which may impact project execution and financial returns[155] - The company will strengthen compliance management and risk control for overseas projects to ensure profitability and project success[154] - The company closely monitors foreign exchange risks due to its significant overseas operations, primarily generating revenue in USD[158] Corporate Governance - The company will maintain an independent status post-major asset restructuring, ensuring no interdependence with China National Machinery Industry Corporation in assets, personnel, finance, and operations[170] - The company has committed to strict adherence to all promises made regarding share transfer limitations and performance guarantees[171] - The company will ensure compliance with legal obligations regarding information disclosure in case of any changes in control or main business adjustments[179] Subsidiaries and Acquisitions - The company completed the acquisition of 100% equity of China Zhongyuan, which has been included in the consolidated financial statements[197] - A wholly-owned subsidiary, China International Nigeria Co., Ltd., was established and included in the consolidated financial statements[197] - The company established Guoji Financial Co., Ltd. to enhance internal fund management and improve fund utilization efficiency[185] - The company has not engaged in any significant non-equity investments during the reporting period[121]