Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 6.26 billion, a decrease of 7.93% compared to the same period last year[12]. - Net profit attributable to shareholders was approximately CNY 184.48 million, an increase of 16.02% year-on-year[12]. - The net profit after deducting non-recurring gains and losses was approximately CNY 187.43 million, reflecting a growth of 20.67% compared to the previous year[12]. - Basic earnings per share increased to CNY 0.1534, up 15.95% from CNY 0.1323 in the same period last year[12]. - The company's total comprehensive income for the first half of 2022 was CNY 198,317,527.39, an increase of 15.3% from CNY 172,035,082.06 in the same period of 2021[176]. - The company's total profit for the first half of 2022 was CNY 259,747,050.54, an increase of 20.7% compared to CNY 215,148,602.87 in the same period of 2021[175]. - The company's net profit attributable to the parent company was CNY 184,476,706.83, up 16.1% from CNY 159,003,230.92 in the first half of 2021[176]. - The company's operating profit for the first half of 2022 was CNY 266,745,002.81, up 23.6% from CNY 215,851,996.79 in the first half of 2021[175]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly, with a net outflow of approximately CNY 212.67 million, a 50.42% reduction from the previous year's outflow[12]. - The company's cash and cash equivalents decreased to CNY 2,597,114,102.14 from CNY 2,855,117,992.62, a decline of about 9.0%[170]. - The total liabilities as of June 30, 2022, were CNY 20,174,000,000.00, compared to CNY 19,000,000,000.00 at the beginning of the year, showing an increase of approximately 6.2%[171]. - The company's long-term borrowings increased significantly by 3.58% to CNY 10,217,761,451.07 from CNY 8,764,008,267.89[35]. - The company's total liabilities to equity ratio was 5.40, indicating a high level of leverage compared to the previous year[174]. Assets and Investments - Total assets at the end of the reporting period were approximately CNY 32.75 billion, representing a growth of 3.21% from the end of the previous year[12]. - The company's net assets attributable to shareholders increased to approximately CNY 4.00 billion, a rise of 2.01% year-on-year[12]. - The total investment amount for the reporting period was CNY 851,319,613.17, representing a 33.57% increase compared to CNY 637,355,541.25 in the same period last year[37]. - The total assets of the subsidiary Xinjiang Yue Water Power Energy Co., Ltd. reached approximately 6.99 billion, with a net profit of around 38.15 million[43]. Operational Highlights - The company is engaged in integrated engineering design, construction, and management across hydropower, wind power, and photovoltaic power generation sectors[16]. - The company has a total installed capacity of 1,802.38 MW for clean energy projects, including 313 MW from hydropower, 723 MW from wind power, and 766.38 MW from solar power[29]. - The company generated approximately 2.03 billion kWh of electricity during the reporting period[29]. - The company has ongoing projects in clean energy, including a 50MWp photovoltaic project in Suixi County, which has a total investment of 10.00 million[39]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2]. - The company plans to strengthen its core business and enhance competitiveness through scientific management and technological innovation[46]. - The company is exploring potential mergers and acquisitions to enhance its market position[185]. - The company plans to continue expanding its market presence and invest in new technologies[185]. Environmental and Social Responsibility - The company has established a safety and environmental protection department to oversee green construction practices[50]. - The company aims to achieve resource conservation and minimize environmental impact through its green construction management system[50]. - The company donated a total of 650,400 RMB for poverty alleviation and public welfare projects, contributing to social responsibility initiatives[55]. - The company has received recognition for its green construction practices, including an award for a wastewater treatment project[50]. Risks and Challenges - The company faces policy risks due to changes in national infrastructure and clean energy policies, which may impact its operations[45]. - The company is exposed to market competition risks, with a high number of players in the construction and clean energy sectors, leading to intensified competition[45]. - The company has a high asset-liability ratio, which poses financial risks, particularly with large-scale PPP and clean energy projects[46]. Shareholder Information - The largest shareholder, Guangdong Provincial Construction Engineering Group Holdings Co., Ltd., holds 36.48% of the shares, totaling 438,592,930 shares[160]. - The report indicates that there were no significant changes in the shareholding structure among the top 10 shareholders during the reporting period[162]. - The company has a total of 409,465 restricted shares held by executives, with specific lock-up periods[159].

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,303,037,663.15, a decrease of 5.31% compared to ¥3,488,311,560.54 in the same period last year[2] - Net profit attributable to shareholders was ¥47,103,523.50, down 4.55% from ¥49,349,707.68 year-on-year[2] - Total operating revenue for Q1 2022 was ¥3,303,037,663.15, a decrease of 5.3% compared to ¥3,488,311,560.54 in the same period last year[15] - Net profit for Q1 2022 was ¥53,659,591.37, slightly down from ¥54,076,090.24 in Q1 2021, representing a decrease of 0.8%[16] - Earnings attributable to shareholders of the parent company were ¥47,103,523.50, compared to ¥49,349,707.68 in the same period last year, a decline of 4.5%[16] Cash Flow - The net cash flow from operating activities improved significantly, with a net amount of -¥287,503,426.12, representing a 65.65% increase compared to -¥837,104,062.79 in the previous year[2] - Cash flow from operating activities was ¥2,965,547,857.89, down from ¥3,207,209,486.58 in the previous year, a decrease of 7.5%[18] - Total cash inflow from operating activities was 3,234,420,740.29 CNY, while cash outflow was 3,521,924,166.41 CNY, resulting in a net outflow of 287,503,426.12 CNY[19] - Cash flow from investing activities showed a net outflow of -419,393,089.66 CNY, compared to -279,565,822.39 CNY in the previous year[19] - Cash inflow from financing activities was 2,262,346,027.75 CNY, with cash outflow totaling 2,119,206,793.69 CNY, leading to a net cash flow of 143,139,234.06 CNY[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥31,944,263,778.80, an increase of 0.67% from ¥31,732,321,919.56 at the end of the previous year[2] - The total liabilities increased to ¥27,788,789,790.87 from ¥27,612,051,316.15, reflecting a rise of 0.6%[14] - The total equity increased to ¥4,155,473,987.93, up from ¥4,120,270,603.41, indicating a growth of 0.9%[14] - The company's current liabilities decreased to CNY 17.22 billion from CNY 18.05 billion, a reduction of approximately 5%[13] - The company's long-term borrowings increased to CNY 9.80 billion from CNY 8.76 billion, an increase of approximately 12%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 116,606[5] - The largest shareholder, Guangdong Provincial Construction Engineering Group Holdings Limited, held 36.48% of the shares, totaling 438,592,930 shares[5] Operational Highlights - The company reported a 148.56% increase in asset impairment losses, primarily due to increased provisions for contract asset impairments[4] - Other income increased by 47.91%, attributed to a rise in government subsidies received during the period[4] - The company has completed the construction of the North River (Shaoguan to Wushi) channel expansion project with a contract amount of CNY 978.91 million[9] - The total installed capacity of clean energy projects that have been put into operation is 1,567.38 MW, all operating normally[10] - The company is currently constructing the Guangdong Province Hanjiang Gao Po Water Conservancy Hub PPP project with a total investment of CNY 1.96 billion[9] - The company is preparing for the construction of the Yili City Urban Rail Transit Project (Phase I) with an estimated total investment of CNY 2.81 billion, which is currently on hold[9] Expenses - Total operating costs decreased to ¥3,186,436,532.63, down 5.9% from ¥3,387,817,462.99 in the previous year[15] - Research and development expenses increased to ¥14,409,609.78, up from ¥12,431,216.47, marking a rise of 15.9%[15] - Financial expenses rose to ¥156,659,626.80 from ¥120,770,972.27, an increase of 29.7%[15] Cash Management - The company's cash and cash equivalents decreased to CNY 2.25 billion from CNY 2.86 billion at the beginning of the year, a decline of approximately 21%[12] - The ending balance of cash and cash equivalents was 2,004,594,442.10 CNY, down from 2,334,597,691.03 CNY in the previous year[20] - The company paid 200,220,710.15 CNY to employees, an increase from 175,107,232.80 CNY year-over-year[19] - The company reported a decrease in cash paid for purchasing goods and services to 2,937,912,085.38 CNY from 3,624,350,518.23 CNY[19] - The cash received from other operating activities was 266,691,492.67 CNY, compared to 126,032,941.74 CNY in the previous year[19] - The company experienced a cash outflow of 60,750,549.02 CNY related to other financing activities, a significant decrease from 417,362,044.11 CNY in the previous year[20] - The impact of exchange rate changes on cash and cash equivalents was 2,227,393.44 CNY, compared to 154,348.27 CNY in the previous year[20]

Financial Performance - The company's operating revenue for 2021 was ¥14,361,313,764.35, an increase of 14.13% compared to ¥12,583,024,873.89 in 2020[11]. - The net profit attributable to shareholders for 2021 was ¥328,023,483.40, representing a growth of 24.45% from ¥263,578,185.52 in 2020[11]. - The basic earnings per share for 2021 was ¥0.2728, up 24.45% from ¥0.2192 in 2020[12]. - Total assets at the end of 2021 reached ¥31,732,321,919.56, a 7.60% increase from ¥29,491,657,758.56 at the end of 2020[12]. - The company's total operating revenue for the year reached CNY 14,361,313,764, an increase from CNY 12,745,740,798 in the previous year[52]. - Net profit attributable to shareholders was CNY 328 million, up 24.45% from the previous year[45]. - The engineering construction segment contributed CNY 11.533 billion, accounting for 80.30% of total revenue, with a growth of 20.10%[49]. - The company's other business revenue increased by 85.25% year-on-year, primarily due to an increase in equipment leasing business[53]. - The company achieved a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[123]. - The company reported a significant increase in revenue, achieving a total of 10 billion RMB for the year, representing a growth of 15% compared to the previous year[127]. Dividend Distribution - The company plans to distribute a cash dividend of 0.78 RMB per 10 shares to all shareholders, based on a total of 1,202,262,058 shares[1]. - The board of directors approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[123]. - The board of directors approved a dividend payout of 1.5 billion RMB, representing a 10% increase from the previous year, reflecting confidence in future earnings[127]. - The cash dividend amount distributed is fully compliant with the profit distribution total[150]. - The remaining undistributed profit after the dividend distribution is 1,027,886,504.23 CNY[151]. Business Strategy and Expansion - The company plans to strengthen its core engineering construction business and actively expand its clean energy investment and equipment manufacturing sectors[20]. - The company aims to increase the share of non-fossil energy in total energy consumption to around 20% by 2025[25]. - The company plans to invest approximately 20,020 million RMB in major transportation infrastructure projects during the 14th Five-Year Plan, with 8,800 million RMB allocated specifically for rail transit[24]. - The company is actively expanding its clean energy projects, focusing on wind and solar power development in various regions[26]. - The company is focusing on clean energy generation projects and PPP projects, following the investment plan set in 2021[96]. - The company is expanding its clean energy business by establishing multiple subsidiaries focused on renewable energy projects, enhancing operational profits[90]. - The company aims to increase its clean energy capacity by 1.2 million kilowatts in 2022, focusing on large-scale solar and wind energy projects[95]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[123]. Research and Development - The company has accumulated 92 valid invention patents and 188 valid utility model patents, enhancing its competitive edge in engineering construction[30]. - R&D investment amounted to ¥496,188,779.89 in 2021, an increase of 19.92% compared to ¥413,767,249.05 in 2020[70]. - The number of R&D personnel increased by 5.40% to 664, with the proportion of R&D personnel in the total workforce rising to 15.88%[68]. - The company plans to enhance its technology level and market competitiveness through ongoing R&D projects, including key technologies for deep vertical transportation in complex geological conditions[67]. Market Position and Competitive Advantage - The company is positioned as a leading enterprise in regional water conservancy and hydropower engineering construction, with significant brand influence in Guangdong, Sichuan, and Hunan[27]. - The company has a strong market position in clean energy equipment manufacturing, with an annual production capacity of about 220,000 tons[31]. - The company maintained its position as the largest wind power tower manufacturer in Guangdong and entered the photovoltaic bracket manufacturing market[47]. - The company has established a dedicated engineering technology research institute focused on new technology application and innovation[113]. Governance and Compliance - The company has established an independent financial accounting department and a financial management system, ensuring no shared bank accounts with shareholders[109]. - The company has a total of 11 board members, including 4 independent directors, complying with legal requirements regarding board composition[104]. - The company has implemented a performance evaluation and incentive system linking management compensation to business performance[105]. - The company has maintained a governance structure that aligns with the requirements of the Company Law and Securities Law, ensuring proper operation and decision-making[103]. - The company has not reported any significant discrepancies between its governance practices and regulatory requirements[106]. Environmental and Social Responsibility - The company has established a safety and environmental protection department to oversee green construction practices and has not faced any administrative penalties for environmental issues[161]. - The company has implemented measures to reduce carbon emissions through green construction, focusing on resource conservation and minimizing negative environmental impacts[162]. - The company actively engages in environmental protection, achieving the "Four Savings and One Environmental Protection" goals without any government penalties for many years[172]. - The company donated a total of 5.9447 million yuan for poverty alleviation and assistance programs in 2021[174]. - The company has actively participated in social welfare activities, including donations to impoverished students and community support initiatives[173]. Risks and Challenges - The company faces significant risks including policy changes affecting infrastructure and clean energy, intense market competition, and investment risks associated with large-scale projects[97]. - The company has committed to minimizing related party transactions with the parent company, ensuring fair and reasonable pricing in any unavoidable transactions[179]. - The company has reiterated its commitment to maintaining a complete and independent organizational structure[178].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,099,300,792.37, representing a 7.00% increase year-over-year[2] - The net profit attributable to shareholders for the same period was CNY 73,066,252.27, an increase of 8.74% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was CNY 75,032,047.67, reflecting a 15.18% year-over-year growth[2] - The total operating revenue for the third quarter of 2021 was CNY 9,902,080,965.44, an increase of 15.06% compared to CNY 8,605,581,514.20 in the same period of 2020[13] - The total operating costs for the third quarter of 2021 were CNY 9,483,726,578.60, up 14.73% from CNY 8,265,730,742.60 in the previous year[13] - The total revenue for the current period reached CNY 9,905,380,732.70, an increase from CNY 8,563,008,984.96 in the previous period, reflecting a growth of approximately 15.6%[17] - The net profit attributable to the parent company for the current period was CNY 232,069,483.19, compared to CNY 174,900,718.51 in the previous period, representing a year-over-year increase of about 32.6%[16] - The total comprehensive income for the current period was CNY 266,016,297.64, compared to CNY 186,934,451.03 in the previous period, representing an increase of about 42.3%[16] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 30,920,778,985.27, which is a 4.85% increase from the end of the previous year[3] - The total assets of the company as of September 30, 2021, amounted to CNY 30,920,778,985.27, an increase from CNY 29,491,657,758.56 at the end of 2020[12] - The company's current liabilities totaled CNY 16,970,932,871.73, compared to CNY 16,621,358,080.06 at the end of 2020[12] - The total liabilities amounted to CNY 26,923,771,752.87, up from CNY 25,648,333,970.39, indicating an increase of approximately 4.9%[15] - The total equity attributable to the parent company reached CNY 3,800,530,230.74, compared to CNY 3,671,847,688.78 in the previous period, marking an increase of about 3.5%[15] - The total current assets were CNY 13,535,131,182.92, remaining stable compared to the previous year[20] - The total non-current assets were CNY 15,956,526,575.64, a decrease from CNY 16,491,338,984.42 year-over-year[20] - Total current liabilities amounted to CNY 16,621,358,080.06, a decrease of CNY 187,594,108.48 compared to the previous period[21] - Non-current liabilities totaled CNY 9,026,975,890.33, reflecting a decrease of CNY 347,218,300.30 from the previous period[21] - Total liabilities reached CNY 25,648,333,970.39, down by CNY 534,812,408.78 compared to the last reporting period[21] Cash Flow - The net cash flow from operating activities showed a significant increase of 74.83% year-over-year, attributed to higher received project payments[4] - The net cash inflow from operating activities was CNY 10,307,131,510.02, an increase of 17.3% compared to CNY 8,785,678,175.91 in the previous year[18] - The total cash outflow from operating activities was CNY 10,429,371,465.97, resulting in a net cash flow from operating activities of CNY -122,239,955.95, an improvement from CNY -485,652,069.55 year-over-year[18] - The cash inflow from investment activities totaled CNY 21,864,761.17, significantly up from CNY 5,407,555.43 in the previous year[19] - The cash outflow from investment activities was CNY 853,679,700.77, leading to a net cash flow from investment activities of CNY -831,814,939.60, compared to CNY -1,087,498,000.15 last year[19] - The cash inflow from financing activities was CNY 6,172,534,280.56, slightly up from CNY 6,132,810,690.65 in the previous year[19] - The net cash flow from financing activities was CNY 193,008,864.26, a decrease from CNY 1,067,930,087.23 year-over-year[19] Research and Development - Research and development expenses increased by 141.60% year-over-year, primarily due to the rise in high-tech enterprises[4] - Research and development expenses for the current period were CNY 63,504,229.29, significantly higher than CNY 26,284,523.42 in the previous period, showing an increase of approximately 141.5%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 70,413, with the largest shareholder holding 36.48% of the shares[7] - The company's retained earnings stood at CNY 1,291,771,057.49, unchanged from the previous reporting period[22] - Total equity attributable to shareholders of the parent company was CNY 3,671,847,688.78, remaining unchanged from the previous period[22] Projects and Investments - The company has completed the construction of the Mengzhou Dam second-line ship lock project with a contract amount of CNY 979,890,640.00[9] - The total installed capacity of clean energy projects that have been put into operation reached 1,517.38 MW as of the end of the reporting period[10] - The company is currently constructing the Xinjiang Hami Shijianfang Wind Power Project Phase I (50 MW) and the Xinjiang Bachu County 150 MW integrated solar and storage project[10] - The company is in the process of preparing for the construction of the Yili City Urban Rail Transit Project (Phase I) with an estimated total investment of CNY 280,625,810.00[9] - The company has ongoing projects with a total investment of CNY 195,600,000.00 for the Guangdong Province Hanjiang Gao Po Water Conservancy Hub Project[9] Other Information - The company reported a 100.00% increase in asset impairment losses due to the implementation of new revenue standards[4] - The long-term borrowings increased to CNY 8,156,504,555.41 from CNY 7,645,732,332.94 in the previous year[12] - The report for the third quarter was not audited[24]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥6,802,780,173.07, representing a 19.16% increase compared to ¥5,709,098,038.38 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was ¥159,003,230.92, a 47.63% increase from ¥107,706,692.49 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was ¥155,325,455.75, up 41.38% from ¥109,866,269.85 year-on-year[9]. - The basic earnings per share increased to ¥0.1323, reflecting a 47.66% rise from ¥0.0896 in the same period last year[9]. - Total revenue for the reporting period reached ¥6,802,780,173.07, representing a year-on-year increase of 19.16% from ¥5,709,098,038.38[28]. - The engineering construction segment generated a revenue of 5.49 billion yuan, with a year-on-year increase of 21.89%, driven by key projects in the Pearl River Delta and Guangzhou Metro Line 14[23]. - The clean energy generation segment reported a revenue of 847 million yuan, up 7.41% year-on-year, attributed to new operational projects and alleviated power restrictions in certain regions[23]. - The total operating costs for the first half of 2021 were CNY 6,532,742,480.10, up from CNY 5,494,140,571.80 in the previous year, reflecting a growth of 18.9%[145]. - The net cash flow from operating activities improved to -¥428,973,152.60, a 28.10% improvement from -¥596,586,068.25 in the previous year[9]. Assets and Liabilities - Total assets at the end of the reporting period were ¥30,806,072,778.82, a 4.46% increase from ¥29,491,657,758.56 at the end of the previous year[9]. - The net assets attributable to shareholders of the listed company were ¥3,739,234,853.63, up 1.84% from ¥3,671,847,688.78 at the end of the previous year[9]. - The company's total liabilities increased to CNY 26,882,800,919.05 from CNY 25,648,333,970.39, which is an increase of approximately 4.80%[140]. - The company's long-term borrowings increased to CNY 935,728,650.00, compared to CNY 598,500,000.01 in the previous year, reflecting a growth of 56.4%[143]. - The company's cash and cash equivalents decreased by 2.83% to ¥2,130,678,321.32, compared to ¥2,876,660,905.94 at the end of the previous year[31]. Investments and Projects - The company plans to complete an additional 200,000 kW of clean energy capacity and prepare for 700,000 kW of new projects in 2021, focusing on wind and solar energy[23]. - The company invested 227.87 million yuan in R&D, a 36.41% increase compared to the previous year, primarily due to increased investment in high-tech subsidiaries[27]. - The company has signed a framework agreement for a 700MW photovoltaic power generation project with an investment of approximately 2.5 billion yuan, covering an area of about 16,000 acres[80]. - The company is preparing to invest in a 500 MW photovoltaic project in Nanyang, with a total investment of about 2.5 billion yuan[81]. - The company has a total investment of approximately 2.5 billion yuan for the flood control project in Suixi County, which is currently suspended due to policy adjustments[84]. Market and Industry Outlook - The construction industry in China achieved a value-added output of 3.33 trillion yuan in the first half of 2021, representing a year-on-year growth of 8.6%[15]. - The government plans to invest approximately 1.29 trillion yuan in 150 major water conservancy projects from 2020 to 2022, which is expected to drive indirect investment of about 6.6 trillion yuan[16]. - By 2035, the total installed capacity of pumped storage power stations in China is projected to reach 300 million kilowatts, with an additional investment scale of around 1.8 trillion yuan[16]. - China's total installed capacity of wind and solar power is expected to exceed 1.2 billion kilowatts by 2030, as part of the national energy transition strategy[17]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[1]. - The semi-annual financial report has not been audited[52]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[48]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[50]. - The company has not engaged in any major related party transactions during the reporting period[56]. Research and Development - Research and development expenses for the first half of 2021 were CNY 45,951,307.64, significantly higher than CNY 9,867,522.31 in the same period of 2020, indicating a growth of 365.5%[145]. - The company received high-tech enterprise certification for several subsidiaries, enhancing its technological credentials and potential for innovation[124]. Shareholder Information - The total number of shares before the change was 1,202,262,058, with 99.97% being unrestricted shares[126]. - The largest shareholder, Guangdong Water Resources Group Co., Ltd., holds 36.48% of the total shares, amounting to 438,592,930 shares[128]. - The total number of shareholders with more than 5% ownership is 10, with a total of 59,727 ordinary shareholders reported[128]. - The report indicates that there were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[132].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 3,488,311,560.54, representing a 14.06% increase compared to CNY 3,058,290,955.76 in the same period last year[2]. - Net profit attributable to shareholders was CNY 49,349,707.68, up 36.77% from CNY 36,082,309.40 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was CNY 48,397,259.26, reflecting a 35.75% increase compared to CNY 35,652,103.92 in the previous year[2]. - The total operating income for the first quarter was approximately CNY 2.95 billion, an increase from CNY 2.67 billion in the previous year, representing a growth of about 10.1%[29]. - The net profit for the first quarter reached CNY 54.08 million, compared to CNY 37.38 million in the same period last year, marking an increase of approximately 44.5%[27]. - The profit before tax was CNY 69.11 million, compared to CNY 51.24 million in the previous year, showing an increase of about 34.8%[27]. - The total comprehensive income for the quarter was CNY 54.08 million, compared to CNY 37.38 million, indicating an increase of about 44.5%[28]. - The basic earnings per share for the quarter were CNY 0.0410, up from CNY 0.0300, representing an increase of approximately 36.7%[28]. - The company reported a financial expense of CNY 120.77 million, down from CNY 140.03 million, a decrease of about 13.8%[26]. - The tax expenses for the quarter were CNY 15.04 million, compared to CNY 13.86 million, reflecting an increase of approximately 8.5%[27]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of CNY 837,104,062.79, which is a 27.86% decrease compared to the outflow of CNY 654,725,692.36 in the same period last year[2]. - Cash inflow from operating activities totaled CNY 3,344,121,537.00, up from CNY 3,084,360,909.76, marking an increase of 8.43%[33]. - Cash outflow from operating activities was CNY 4,181,225,599.79, compared to CNY 3,739,086,602.12, resulting in a net cash flow from operating activities of -CNY 837,104,062.79, worsening from -CNY 654,725,692.36[33]. - Cash inflow from financing activities was CNY 2,399,867,881.00, down from CNY 3,188,071,572.89, indicating a decrease of 24.77%[34]. - The net cash flow from financing activities was CNY 813,559,784.91, a decrease from CNY 904,193,210.36, reflecting a decline of 10%[34]. - The ending balance of cash and cash equivalents was CNY 2,334,597,691.03, slightly down from CNY 2,339,402,181.41[34]. - The company reported a cash outflow from investment activities of CNY 375,722,191.23, compared to CNY 170,106,238.51 in the previous year[36]. - The net cash flow from investment activities was -CNY 210,781,251.12, worsening from -CNY 168,730,238.51[36]. Assets and Liabilities - The company has a total asset value of CNY 30,411,774,729.34, which is a 3.12% increase from CNY 29,491,657,758.56 at the end of the previous year[2]. - The total assets increased from CNY 29,491,657,758.56 on December 31, 2020, to CNY 30,411,774,729.34 on March 31, 2021, reflecting a growth of approximately 3.11%[19]. - The total liabilities increased to CNY 26,510,242,816.04, up from CNY 25,648,333,970.39, reflecting a growth of 3.35%[21]. - Current liabilities totaled CNY 16,761,882,913.23, slightly up from CNY 16,621,358,080.06, indicating a 0.84% increase[21]. - Non-current liabilities rose to CNY 9,748,359,902.81, compared to CNY 9,026,975,890.33, marking an increase of 7.99%[21]. - The company's equity attributable to shareholders increased to CNY 3,722,596,431.35 from CNY 3,671,847,688.78, a rise of 1.38%[21]. - The total equity remained stable at CNY 3,843,323,788.17, with no adjustments made[39]. Research and Development - R&D expenses increased by 723.68% year-on-year, primarily due to increased investment in high-tech subsidiaries[10]. - Research and development expenses increased significantly to CNY 12.43 million from CNY 1.51 million, reflecting a growth of about 726.5%[26]. - The company has not provided any significant updates on new product or technology development in the reporting period[13]. Projects and Investments - The company is currently working on the North River (Shaoguan to Wushi) channel capacity upgrade project with a contract amount of CNY 978,906,400 and a construction period of 41 months[11]. - The total investment for the Guangdong Province Hanjiang Gaoqi Water Conservancy Hub Project is CNY 1,956,000,000, with a total construction contract amount of CNY 2,719,146,200, and the project is under construction[11]. - The company is currently constructing the Hami Shijianfang Wind Power Project Phase I (50 MW) and the Zhanjiang Suixi County Guantian Reservoir Photovoltaic Power Project (50 MWp)[12]. - The company is preparing for the investment construction of several wind power projects, including the Buerjin Wind Power Project Phase III (49.5 MW) and the Toli County Yutong Energy Hejiao Wind Power Project Phase I and II (49.5 MW each)[12]. Compliance and Governance - The company has no reported securities or derivative investments during the reporting period[14][15]. - The company has no violations regarding external guarantees during the reporting period[16]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[16]. - The first quarter report was not audited, indicating preliminary financial data[43].

Financial Performance - The company's operating revenue for 2020 was CNY 12,583,024,873.89, representing a 12.92% increase compared to CNY 11,143,485,046.29 in 2019[11]. - The net profit attributable to shareholders for 2020 was CNY 263,578,185.52, up 12.64% from CNY 234,009,087.42 in the previous year[11]. - The basic earnings per share for 2020 was CNY 0.2192, an increase of 12.64% from CNY 0.1946 in 2019[11]. - The total assets of the company at the end of 2020 were CNY 29,491,657,758.56, compared to CNY 26,047,764,064.96 in 2019, marking a growth of 13.22%[11]. - The company's net assets attributable to shareholders increased by 13.51% to CNY 3,671,847,688.78 in 2020 from CNY 3,234,933,867.83 in 2019[11]. - The weighted average return on equity at the end of 2020 was 8.04%, up from 7.48% at the end of 2019[11]. - The company reported a net profit excluding non-recurring gains and losses of CNY 270,639,573.42, which is a 20.80% increase from CNY 224,045,032.83 in 2019[11]. - The total operating revenue for 2020 was CNY 12,583,024,873.89, representing a year-on-year increase of 12.92% compared to CNY 11,143,485,046.29 in 2019[39]. - Net profit attributable to shareholders increased by 12.64% to CNY 263.58 million[36]. - The company reported a significant increase in R&D expenses, totaling CNY 100.51 million, which is a 187.94% increase from CNY 34.91 million in 2019, primarily due to increased investment in engineering project R&D[49]. Cash Flow and Investments - The net cash flow from operating activities decreased by 68.92% to CNY 970,985,522.32, down from CNY 3,124,514,596.37 in 2019[11]. - The total cash inflow from operating activities was CNY 13.18 billion, a decrease of 1.28% from CNY 13.35 billion in 2019[52]. - The total cash outflow from operating activities increased by 19.40%, amounting to CNY 12.20 billion compared to CNY 10.22 billion in 2019[52]. - The net cash flow from investing activities improved by 43.73% to -CNY 1,812,348,047.39, mainly because of a decrease in project investment expenditures[54]. - The total investment amount for the reporting period was CNY 2,586,227,224.05, reflecting a 4.12% increase compared to the previous year[58]. - The company has a total installed capacity of 1,442.38 MW in clean energy projects, including 213 MW from hydropower, 673 MW from wind power, and 556.38 MW from solar power[22]. Project Development and Contracts - The company has 282 ongoing engineering projects with a total project amount of CNY 63,174,932,873.42, of which CNY 31,844,320,347.26 has been recognized as revenue[42]. - The company completed 60 engineering projects during the reporting period, with a total project amount of CNY 3,675,977,804.80 and recognized revenue of CNY 2,157,218,810.49[41]. - The company is actively expanding its renewable energy portfolio through multiple wind power projects across different regions[144]. - The company signed a construction contract for the Guangzhou Metro Line 18 and Line 22, with contract values of approximately ¥298.32 million and ¥137.83 million respectively, and a total construction period of up to 1464 days for certain segments[173]. - The company is currently engaged in various construction projects, with a focus on energy efficiency and reduction of emissions[166]. Market and Strategic Focus - The company aims to enhance its clean energy investments, with a focus on wind and solar power, as the share of non-fossil energy in total energy consumption is targeted to reach around 20% by 2025[20]. - The company is actively expanding into offshore wind power equipment manufacturing, with a manufacturing capacity of approximately 200,000 tons per year[24]. - The company is focusing on transformation and upgrading towards new infrastructure, green construction, and intelligent manufacturing to ensure sustainable development[72]. - The company is committed to management innovation and optimizing its corporate governance structure to align with high-quality development[71]. - The company is enhancing its risk management and internal control systems to improve its ability to withstand risks and ensure business continuity[72]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of CNY 0.65 per 10 shares, totaling CNY 78,146,033.77 based on 1,202,262,058 shares[3]. - The cash dividend for 2020 represents 29.65% of the net profit attributable to ordinary shareholders, compared to 30.83% in 2019 and 20.96% in 2018[81]. - The total distributable profit for 2020 was 1,057,954,184.18 CNY, with the cash dividend accounting for 100% of the profit distribution[82]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 42,079,172.03 CNY in 2018 and 72,135,723.48 CNY in 2019[79]. - The company has established a shareholder return plan to enhance the transparency of its cash dividend policy[78]. Corporate Governance and Compliance - The independent directors fulfilled their responsibilities and ensured the protection of minority shareholders' rights[79]. - The company actively protects the rights of shareholders, especially minority shareholders, by adhering to legal regulations and improving corporate governance[127]. - The company has not faced any penalties or rectification issues during the reporting period[96]. - The company has no stock incentive plans or employee shareholding plans in place during the reporting period[98]. - The company has not engaged in any asset or equity acquisition or sale related party transactions during the reporting period[101]. Social Responsibility and Community Engagement - The company provided assistance to 72 underprivileged employees, with a total of 119,500 RMB in aid[132]. - The company donated a total of 885,400 RMB for poverty alleviation efforts, including 21,400 RMB specifically for supporting impoverished students[138]. - The company aims to integrate economic, social, and environmental benefits in its development strategy, focusing on sustainable practices and community support[136]. - The company has committed to continuing its poverty alleviation efforts, emphasizing the development of solar energy projects to increase the income of impoverished communities[139].

广东水电二局股份有限公司 2020 年第三季度报告全文 广东水电二局股份有限公司 2020 年第三季度报告 1 2020 年 10 月 广东水电二局股份有限公司 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人谢彦辉、主管会计工作负责人卢滟萍及会计机构负责人（会计 主管人员）吴雄飞声明：保证季度报告中财务报表的真实、准确、完整。 2 广东水电二局股份有限公司 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 approximately ¥5.71 billion, representing a 13.21% increase compared to ¥5.04 billion in the same period last year[9]. - The net profit attributable to shareholders was approximately ¥107.71 million, an increase of 28.90% from ¥83.56 million in the previous year[9]. - The net profit after deducting non-recurring gains and losses was approximately ¥109.87 million, reflecting a 35.86% increase from ¥80.87 million year-on-year[9]. - The basic earnings per share increased to ¥0.0896, up 28.92% from ¥0.0695 in the previous year[9]. - Total operating revenue was ¥5,709,098,038.38, representing a year-on-year increase of 13.21%[22]. - The company reported a net profit of 1,863.11 million yuan from the Gansu Jinta County photovoltaic power generation project in the first half of 2020[37]. - The total revenue from all projects amounted to 1,383,353.42 million yuan, with a total net profit of 51,339.42 million yuan[37]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at approximately -¥596.59 million, a significant decrease of 329.47% compared to ¥259.98 million in the same period last year[9]. - The company's cash and cash equivalents decreased by 149.22% to -¥367,516,562.90, attributed to increased payments for engineering and material costs[22]. - Cash and cash equivalents at the end of the period totaled CNY 2,002,075,324.00, down from CNY 1,923,495,274.84 at the end of the previous year[151]. - The company reported a total comprehensive income of CNY 167,705,463.73 for the first half of 2020, compared to CNY 18,327,542.68 in the previous year[148]. - The total liabilities reached CNY 23.65 billion, an increase from CNY 22.64 billion, representing a growth of about 4.5%[136]. Assets and Investments - Total assets at the end of the reporting period were approximately ¥27.10 billion, a 4.04% increase from ¥26.05 billion at the end of the previous year[9]. - The company’s total assets at the end of the reporting period were reported at 1,202,262,058.00, showing stability in asset management[160]. - The total investment during the reporting period was ¥723,153,970.40, a decrease of 24.57% compared to the previous year[29]. - The company has a total installed capacity of 1,262.33 MW for clean energy projects, including 213 MW from hydropower, 623 MW from wind power, and 426.33 MW from solar power[21]. Operational Highlights - The company has a strong presence in clean energy generation, with a steady increase in profit levels due to improved power transmission and consumption capacity in the northwest region[15]. - The company secured 31 wind turbine tower projects, showcasing strong market demand and operational capabilities[21]. - The company has established a robust technology innovation system, resulting in 67 invention patents and 124 utility model patents granted[19]. - The company conducted 18 training sessions for 608 participants in the first half of 2020, enhancing the skills of technical management personnel[20]. Risks and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2]. - The company has highlighted potential risks and uncertainties in its future performance outlook, which investors should consider[2]. - The company is currently facing risks including policy changes, market competition, and financial risks related to its PPP projects[42]. - The company plans to strengthen its main business and enhance its competitive advantages in technology innovation and project management[43]. Corporate Governance and Compliance - The report indicates that there were no significant changes in the company's contact information or disclosure practices during the reporting period[7]. - The semi-annual financial report has not been audited[46]. - The company has not disposed of any major assets or equity during the reporting period[38][39]. - The company has entered into a financing lease agreement for 15,000 million CNY with Ping An International Leasing Co., Ltd. for wind power generation equipment, with a term of 60 months[57]. Community and Social Responsibility - The company actively participated in poverty alleviation efforts, purchasing agricultural products worth 34,500 for employee welfare[72]. - The company invested 42,493.0 million in a photovoltaic poverty alleviation project in Gansu Province, which has started generating power[72]. - The company donated a total of 1.9095 million yuan for poverty alleviation efforts in various regions, including 800,000 yuan for livestock poverty alleviation in Shache County and 295,000 yuan for public works in Jiangxi Province[73][74]. - The company has committed to enhancing its corporate social responsibility through active participation in poverty alleviation and community development initiatives[73][75].

Financial Performance - The company's operating revenue for Q1 2020 was CNY 3,058,290,955.76, representing an increase of 8.90% compared to CNY 2,808,338,585.91 in the same period last year[3]. - Net profit attributable to shareholders was CNY 36,082,309.40, up 16.43% from CNY 30,989,586.88 year-on-year[3]. - The company's total operating costs for Q1 2020 were CNY 2,994,020,526.35, up from CNY 2,747,111,114.66, reflecting a year-over-year increase of 9.0%[30]. - Net profit for Q1 2020 reached CNY 37,380,468.66, compared to CNY 33,226,206.50 in Q1 2019, representing an increase of 12.9%[31]. - The company's operating profit for Q1 2020 was CNY 52,267,666.63, compared to CNY 51,687,001.02 in Q1 2019, showing a modest increase of 1.1%[31]. Cash Flow - The net cash flow from operating activities decreased significantly by 1,177.87%, amounting to CNY -654,725,692.36, compared to CNY -51,235,588.08 in the previous year[3]. - The cash flow from operating activities was negative at -¥654,725,692.36, worsening from -¥51,235,588.08 in the previous period[37]. - The cash outflow from operating activities totaled ¥3,739,086,602.12, compared to ¥2,899,703,074.46 in the previous period, indicating an increase of 29.0%[37]. - The company reported a decrease in cash flow from investment activities, with a net cash flow of -168,730,238.51 CNY compared to -21,305,837.73 CNY previously[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 26,648,249,539.25, reflecting a growth of 2.31% from CNY 26,047,764,064.96 at the end of the previous year[3]. - The company's current assets decreased to CNY 11.49 billion from CNY 12.16 billion, reflecting a decline of about 5.5%[24]. - The total liabilities increased to CNY 23.20 billion from CNY 22.64 billion, which is an increase of approximately 2.5%[25]. - The total current assets decreased by 1,148,875,616.01 CNY, from 12,163,798,174.37 CNY to 11,014,922,558.36 CNY[42]. - The total non-current assets increased by 1,148,875,616.01 CNY, from 13,883,965,890.59 CNY to 15,032,841,506.60 CNY[42]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 63,561, with the largest shareholder, Guangdong Water Conservancy Group Co., Ltd., holding 36.48%[6]. - The company commits to distributing cash dividends of no less than 10% of the distributable profits after reserving statutory and surplus reserves, with a cumulative cash distribution of no less than 30% of the average annual distributable profits over the last three years[16]. - The total equity attributable to shareholders increased to CNY 3.28 billion from CNY 3.23 billion, reflecting a growth of about 1.3%[26]. Investments and Projects - The company has completed the construction of the Beijiang (Wushi to Sanshui River Mouth) channel expansion project with a contract amount of CNY 158,122.65 million, currently in the settlement phase[12]. - The ongoing construction of the Beijiang (Shaoguan to Wushi) channel expansion project has a contract amount of CNY 97,890.64 million and a contract duration of 41 months[12]. - The total investment for the Guangdong Province Hanjiang Gaopei Water Conservancy Hub Project is CNY 195,600.00 million, with a total construction contract amount of CNY 271,914.62 million, currently under construction[12]. - The estimated total investment for the Yili City Urban Rail Transit Construction Project (Phase I) is CNY 280,625.81 million, with construction costs of CNY 168,618.64 million, currently under construction[12]. Research and Development - Research and development expenses for Q1 2020 were CNY 1,509,227.86, significantly higher than CNY 280,737.72 in the same period last year, marking an increase of 436.5%[30]. - Research and development expenses increased to ¥471,667.10 from ¥266,446.41, marking a rise of 77.0%[33]. Financial Management and Compliance - The company has made a commitment to avoid competition with its controlling shareholder, ensuring that any new business opportunities will be offered to the company first[15]. - The company has maintained its independence and avoided conflicts of interest with its controlling shareholder, ensuring the protection of the interests of all shareholders[15]. - The controlling shareholder guarantees compliance with relevant regulations and the company's internal management system, ensuring fair treatment of all shareholders[15]. - The company has committed to prohibiting short-term trading by its directors and senior management, adhering to relevant securities laws[16]. - The company has not encountered any violations regarding external guarantees during the reporting period[20].