证券代码：002051 证券简称：中工国际 中工国际工程股份有限公司投资者关系活动记录表 编号：2022-004 | --- | --- | --- | --- | --- | |-----------------------------|--------------------------------------|------------|-----------------------------------------------------------------------------------------------------------------|-------| | | | | | | | 投资者关系活动 | □ √ 特定对象调研 | □ | 分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | | | □ 新闻发布会 □ 现场参观 □其他 | □ 路演活动 | | | | 参与单位名称 | 私募基金、韶夏资本 | | 中金公司、华创证券、国盛证券、中银基金、中海基金、安信 基金、万家基金、华富基金、国寿养老、淳厚基金、冠达菁华 | | | 时间 | 2022 年 ...

Group 1: Overseas Business Performance - In 2022, the company signed new overseas contracts worth $1.515 billion, with a significant increase in effective contracts amounting to $1.157 billion, representing a year-on-year growth of 313.21% [2] - Major projects include the Iraq oil and gas central processing facilities exceeding $1 billion and a hospital project in Guyana that was signed and became effective within the same year [2] Group 2: Strategic Focus Areas - The "14th Five-Year" plan emphasizes three key areas for overseas investment: environmental engineering (water and waste treatment), clean energy projects, and cableway engineering [3] - The company aims to align with the "dual carbon" goals and expand its market presence in both domestic and international sectors [3] Group 3: Financial Impact and Performance - For the first three quarters of 2022, the company reported a revenue of 7.344 billion yuan, a year-on-year increase of 16.06%, and a net profit of 330 million yuan, up 42.21% [6] - The company’s domestic engineering contracting business saw new contracts totaling 1.797 billion yuan, reflecting a growth of 62.62% [6] Group 4: Competitive Advantages - Subsidiary China Zhongyuan is recognized among the top 100 design firms in China, excelling in healthcare, energy, logistics, and new infrastructure projects [7] - The subsidiary Beiqi Institute leads in the cableway engineering sector and holds significant market share in automated warehousing and lifting machinery [7] Group 5: Future Plans and Incentives - The company is exploring long-term incentive mechanisms to enhance internal vitality and ensure sustainable business growth, although no stock incentive plans are currently in place [8]

Financial Performance - In Q3 2022, the company's operating revenue reached ¥2,306,732,075.58, an increase of 2.17% year-on-year, while the total revenue for the first nine months was ¥7,343,935,973.35, up 16.06% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was ¥80,812,350.28, representing a year-on-year increase of 20.77%, and for the first nine months, it was ¥329,531,105.97, up 42.21% year-on-year[7]. - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥184,701,609.53, a significant increase of 220.87%, with a total of ¥434,383,221.44 for the first nine months, up 233.70% year-on-year[7]. - Total operating revenue for the current period reached ¥7,343,935,973.35, an increase of approximately 16.0% compared to ¥6,327,780,149.74 in the previous period[33]. - Total profit increased to ¥483,290,847.65 from ¥236,250,356.31, representing a growth of about 104%[35]. - Net profit rose to ¥320,211,164.47 compared to ¥218,063,928.53, an increase of approximately 47%[35]. - Basic and diluted earnings per share improved to ¥0.27 from ¥0.19, a rise of 42%[38]. - Total comprehensive income amounted to ¥367,262,727.23, up from ¥203,566,340.98, reflecting a growth of about 80%[38]. Cash Flow and Assets - The net cash flow from operating activities for the first nine months increased by 105.31%, amounting to ¥65,571,841.46, due to higher project collections[13]. - As of September 30, 2022, the company's cash and cash equivalents amounted to approximately RMB 6.99 billion, showing a slight increase from RMB 6.96 billion at the beginning of the year[26]. - The company recorded a significant increase in sales revenue from ¥4,816,300,261.12 to ¥6,680,446,465.72, marking a growth of approximately 39%[39]. - Cash flow from operating activities generated ¥65,571,841.46, a significant recovery from a negative cash flow of ¥-1,235,290,111.26 in the previous period[39]. - Cash and cash equivalents at the end of the period totaled ¥6,757,229,349.28, up from ¥6,063,587,103.70[41]. Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥22,733,486,837.63, reflecting a 3.12% increase from the end of the previous year[7]. - Total liabilities rose to ¥11,660,323,469.71, up from ¥11,219,208,934.65, representing an increase of approximately 3.9%[32]. - The company's total equity increased to ¥11,073,163,367.92, compared to ¥10,827,160,334.39, reflecting a growth of about 2.3%[32]. - Long-term borrowings decreased to ¥136,170,506.71 from ¥146,554,237.43, showing a decline of approximately 7.5%[32]. - The company reported a decrease in short-term borrowings to ¥387,592,202.27 from ¥416,103,608.13, a reduction of about 6.2%[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,110, with the largest shareholder holding 62.86% of the shares[14]. - The company reported a total of 78,461.93 million shares held by major shareholders, accounting for 63.41% of the total share capital[19]. Project and Market Expansion - The company signed multiple key projects in overseas markets such as Iraq, the Philippines, and Indonesia, contributing to its growth strategy[12]. - The company signed a business contract for the Guyana Regional Hospital Project with a total contract amount of €17,016.6 million, effective from September 29, 2022[20]. - The company secured contracts for the intelligent technology transformation project of Gujing Distillery, with contract amounts of RMB 129 million and RMB 96 million respectively[21]. - The company won the bid for the Dalian Urban Central District Kitchen Waste Treatment Plant PPP Project, with a total investment of RMB 535 million[24]. Research and Development - Research and development expenses increased to ¥260,376,967.99, up from ¥178,191,278.79, indicating a growth of approximately 46.0%[33]. Foreign Exchange and Financial Management - Financial expenses decreased by 12,612.59% year-on-year, primarily due to exchange gains from the depreciation of the RMB[12]. - The company has a locked foreign exchange amount of USD 363 million as of September 30, 2022, with a reported loss of RMB 16.23 million from foreign exchange operations[24]. - The company reported a foreign exchange gain of ¥61,611,242.31, compared to a loss of ¥-31,717,744.56 in the previous period[38]. - Interest income decreased to ¥52,229,320.47 from ¥71,766,810.42, a decline of approximately 27%[35].

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]