Financial Performance - The company's operating revenue for 2022 was ¥1,338,679,145.35, a decrease of 25.20% compared to ¥1,789,747,620.58 in 2021[6]. - The net profit attributable to shareholders for 2022 was ¥9,144,540.36, down 88.43% from ¥79,019,998.14 in 2021[6]. - The cash flow from operating activities improved significantly to ¥230,628,544.57, compared to a negative cash flow of ¥335,218,389.44 in 2021, marking a 168.80% increase[6]. - The basic earnings per share for 2022 was ¥0.01, a decline of 90.00% from ¥0.10 in 2021[6]. - Total assets at the end of 2022 were ¥7,681,247,019.66, a decrease of 6.28% from ¥8,195,753,938.03 at the end of 2021[6]. - The net asset attributable to shareholders increased slightly by 0.90% to ¥3,002,062,116.46 at the end of 2022, compared to ¥2,975,314,113.96 at the end of 2021[6]. - The company reported a quarterly revenue of ¥441,247,943.27 in Q4 2022, which was the highest among the four quarters[25]. - The net profit attributable to shareholders in Q4 2022 was ¥46,321,245.00, recovering from losses in the previous quarters[25]. Dividend Distribution - The company plans to distribute a cash dividend of 0.23 RMB per 10 shares to all shareholders, based on a total share capital of 757,100,415 shares[5]. - The company reported a net profit attributable to shareholders of RMB 9,144,540.36 for the fiscal year 2022, with a total distributable profit of RMB 1,158,467,196.49 at year-end[170]. - A cash dividend of RMB 0.23 per 10 shares was declared, totaling RMB 17,413,309.55, which represents 100% of the profit distribution amount[170]. - The total number of shares for the cash dividend distribution is based on 757,100,415 shares[170]. - The company extracted RMB 3,475,260.79 as statutory surplus reserve from the net profit of RMB 34,752,607.92 for the year 2022[170]. - The company did not propose any stock dividends or capital reserve transfers during this distribution[170]. Business Operations and Strategy - The company has been focusing on infrastructure development in line with national policies aimed at enhancing transportation networks, which may provide future growth opportunities[32]. - The company is actively adjusting its business model to participate in various projects, focusing on procurement, production, sales, and settlement management[40]. - The company has established a project company for investment projects, responsible for financing, construction, operation, maintenance, and settlement with government departments[46]. - The company is focusing on optimizing management processes and enhancing professional system construction to improve operational efficiency[63]. - The company aims to enhance its core business in road and bridge construction while focusing on technology and new infrastructure, with a strategic plan for business growth and regional operations[111]. - The company is focusing on green and low-carbon construction technologies to align with national sustainability goals[108]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report, highlighting potential industry risks and response strategies[4]. - The company faces risks related to industry policies, competition, financial management, raw material price fluctuations, and safety management, which it aims to mitigate through strategic planning and operational adjustments[116][117][118][119][120]. Governance and Management - The company has established a complete and independent governance structure, complying with relevant laws and regulations, ensuring effective internal management and control systems[125]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a diverse and qualified composition[128]. - The company maintains a high level of independence from its controlling shareholder, with separate operations in business, personnel, assets, and finance[135]. - The company has a robust investor relations management system, ensuring timely and accurate information disclosure to all shareholders[133]. - The company held multiple shareholder meetings in 2022, with investor participation rates ranging from 13.69% to 25.95%[138]. - The company has implemented a comprehensive employee performance evaluation and incentive mechanism to attract and retain talent[134]. Internal Control and Compliance - The internal control audit report for 2022 received a standard unqualified opinion from Da Hua Accounting Firm, confirming the effectiveness of the internal control system[178]. - The company has established a comprehensive risk management and compliance management system, focusing on key areas and processes[178]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[186]. - The company achieved a 100% labor contract signing rate for employees during the reporting period, ensuring compliance with labor laws[192]. Market and Competitive Landscape - The company faces competitive disadvantages in public bidding markets and has limited financing channels, which restricts horizontal expansion of its construction business[37]. - The overall market outlook remains positive, with a projected increase in fixed asset investment by 5.1% in 2023, supporting the company's growth initiatives[108]. - The company plans to accelerate infrastructure investment, with a projected growth rate of 9.4% in 2023, driven by national policies[108]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 585, with 364 from the parent company and 221 from major subsidiaries[162]. - The company provided training for over 2,000 person-times during the reporting period, focusing on various aspects such as engineering management and financial skills[165]. - The company actively supports employee training programs to improve job adaptability and promote harmonious development[192].

关于举行 2022 年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 成都市路桥工程股份有限公司（以下简称"公司"）将于2023年5月12日（周 五）下午3:00-5:00在深圳市全景网络有限公司提供的网上平台举行2022年度网上 业绩说明会，本次说明会将采用网络远程方式举行，投资者可登录全景网"投资 者关系互动平台"（http://ir.p5w.net）参与本次业绩说明会。 证券代码：002628 证券简称：成都路桥 公告编号：2023-033 出席本次年度业绩说明会的人员有：公司董事长、总经理王培利先生，财务 总监左宇柯女士，独立董事李天霞女士，董事会秘书黄振华先生（如有特殊情况， 参与人员相应调整）。 成都市路桥工程股份有限公司 特此公告。 成都市路桥工程股份有限公司董事会 二〇二三年四月二十六日 为充分尊重广大投资者，使广大投资者更深入、更全面地了解公司 2022 年 度经营情况，现就本次网上业绩说明会提前向投资者公开征集问题，广泛听取投 资者的意见和建议。投资者可于 2023 年 5 月 11 日 17:00 前将有关问题通过 ...

Group 1: Company Overview - Chengdu Road and Bridge Engineering Co., Ltd. held an investor relations activity on December 8, 2014 [1] - The meeting took place in the company's fourth-floor conference room [1] Group 2: Participants - Participants included analysts from Guotai Junan Securities: Liu Fan, Liu Shengqin, and Xu Hao [1] - Company representatives included Board Secretary Wu Heping, Securities Affairs Representative Zhang Lei, and Securities Department member Song Xiao [1] Group 3: Activity Content - The main content of the activity involved an introduction to the company's overall situation [1] - The company addressed questions from investors during the meeting [1] Group 4: Documentation - An attachment was provided, which included the minutes of the Chengdu Road and Bridge institutional research meeting [1]

Group 1: Investor Relations Activity - The investor relations activity was categorized as a specific object survey [1] - Participants included analysts from various securities firms [1] - The meeting took place on June 29, 2016, in the company conference room [1] Group 2: Meeting Content - The meeting included signing a commitment letter [1] - An introduction to the company's history, main business, and recent operational status was provided [1] - Interactive communication was part of the meeting agenda [1]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥588,921,256.44, a decrease of 33.30% compared to ¥882,956,087.34 in the same period last year[23]. - The net profit attributable to shareholders was a loss of ¥34,235,219.23, representing a decline of 157.99% from a profit of ¥59,031,727.63 in the previous year[23]. - The basic earnings per share were -¥0.05, down 162.50% from ¥0.08 in the previous year[23]. - The company reported a significant drop of 93.68% in net profit after deducting non-recurring gains and losses, amounting to ¥5,365,265.59 compared to ¥84,954,459.59 in the previous year[23]. - The weighted average return on net assets was -1.16%, down from 2.91% in the previous year[23]. - The company reported a total investment of 2,394 million yuan in green low-carbon construction projects as of February 17, 2022, with a self-financing ratio of 1.60%[58]. - The company reported a total liability of 3,518.1 million CNY related to a dispute over project payment, which was settled with the plaintiff withdrawing the lawsuit[100]. - The company reported a total of 1,637 million yuan in related party transactions, with a percentage of 30.10% of the total transaction amount approved[105]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥222,695,262.79, a significant increase of 149.98% compared to a negative cash flow of ¥445,576,604.95 in the same period last year[23]. - The company's cash and cash equivalents decreased to ¥213,609,519.83, representing 2.82% of total assets, down from 5.23% at the end of the previous year[51]. - The net cash flow from financing activities was negative at ¥317,142,114.58, a decrease of 329.51% compared to a positive cash flow of ¥138,183,700.82 in the previous year[42]. - The total cash and cash equivalents at the end of the period were ¥205,106,659.42, down from ¥437,392,676.20 at the end of the first half of 2021, reflecting a decrease of about 53%[161]. - The company received ¥10,000,000.00 from borrowings in the first half of 2022, a significant drop from ¥430,185,000.00 in the same period of 2021[161]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,572,033,447.49, a decrease of 7.61% from ¥8,195,753,938.03 at the end of the previous year[23]. - The net assets attributable to shareholders decreased slightly by 0.73% to ¥2,953,475,851.27 from ¥2,975,314,113.96 at the end of the previous year[23]. - The company's long-term borrowings stood at ¥1,595,000,000.00, accounting for 21.06% of total assets, a slight increase from 19.84% at the end of the previous year[51]. - The total liabilities at the end of the reporting period were 18,345 million yuan, which is a 4.55% increase compared to the previous year[176]. Operational Efficiency and Cost Management - Operating costs decreased by 31.29% to ¥581,595,830.09 from ¥846,408,588.87, reflecting the reduction in construction revenue[42]. - The company is implementing a refined management approach to control project costs and improve operational efficiency[38]. - The company reported a significant decrease in financial expenses, down 5.78% to ¥78,170,706.72 from ¥82,968,042.97[42]. - The company’s management expenses decreased to CNY 38.83 million in the first half of 2022 from CNY 43.90 million in the same period of 2021, indicating operational efficiency[154]. Strategic Initiatives and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and operational capabilities[64]. - The company aims to improve its capital structure and increase shareholder returns through strategic investments and cost management[167]. - The company plans to expand its market presence and invest in new technology development to enhance operational efficiency[166]. - Future guidance indicates a projected revenue growth of 10% for the next fiscal year, driven by increased project acquisitions[177]. Industry and Market Position - The company has a competitive advantage with comprehensive qualifications in highway, bridge, and tunnel construction, allowing for a broader range of project bidding[37]. - The company is focusing on enhancing its core business quality and accelerating capital turnover to improve profitability[32]. - The company is involved in the construction of a green low-carbon industrial park project in Xinjiang, marking its entry into new industries[35]. - The company is exploring potential mergers and acquisitions to drive growth and enhance competitive advantage in the market[167]. Risk Management - The company has acknowledged potential industry risks and has outlined strategies to address these risks in its management discussion[5]. - Financial risks are present due to high capital requirements and delayed payments from clients, leading the company to explore innovative financing methods and improve accounts receivable collection[71]. - The ongoing COVID-19 pandemic poses challenges to project timelines and material supply, with the company committed to adhering to health guidelines and adjusting operational strategies as needed[74]. Shareholder and Corporate Governance - The company conducted three shareholder meetings in the first half of 2022, ensuring equal voting rights for minority shareholders[85]. - The company has been recognized as a "contract-abiding and credit-worthy enterprise" in Chengdu for several consecutive years, reflecting its commitment to protecting creditor rights[87]. - The company maintained a 100% labor contract signing rate for employees and provided various benefits including basic insurance and paid leave[88].

Financial Performance - The company's operating revenue for Q1 2022 was ¥206,805,031, a decrease of 59.67% compared to ¥512,753,185 in the same period last year[4] - The net profit attributable to shareholders was ¥17,700,643.95, down 67.03% from ¥53,691,772.80 year-on-year[4] - The company's basic earnings per share dropped to ¥0.02, a decline of 71.43% from ¥0.07 in the same period last year[4] - Net profit for the current period is ¥18,584,972.62, compared to ¥53,190,975.95 in the previous period, reflecting a significant decline[19] - Operating profit for the current period is ¥28,466,274.03, down from ¥65,823,244.46 in the previous period[19] - The company’s total profit for the current period is ¥28,457,830.18, down from ¥63,509,648.21 in the previous period[19] Cash Flow - The net cash flow from operating activities improved to ¥53,315,657.53, a significant increase of 118.39% compared to a negative cash flow of ¥289,896,913.04 in the previous year[4] - Cash received from operating activities increased by 55.45% to ¥138,466,157.26, primarily due to an increase in refunded deposits[8] - The company reported a net cash flow from operating activities of ¥53,315,657.53, a recovery from a negative cash flow of -¥289,896,913.04 in the previous period[22] - Cash and cash equivalents at the end of the period totaled ¥189,384,809.34, down from ¥668,938,226.27 at the end of the previous period[22] Assets and Liabilities - Total assets decreased by 6.69% to ¥7,647,185,187.02 from ¥8,195,753,938.03 at the end of the previous year[4] - The company's current assets totaled CNY 3,375,264,614.76, a decrease of about 14.0% from CNY 3,926,025,148.10 at the beginning of the year[14] - The total liabilities decreased from CNY 5,145,589,668.10 to CNY 4,581,175,856.49, indicating a decline of about 11.0%[15] - The company's cash and cash equivalents were CNY 227,582,904.65, down from CNY 428,612,805.11, representing a decrease of approximately 46.9%[13] - The total non-current assets remained relatively stable, with a slight increase from CNY 4,269,728,789.93 to CNY 4,271,920,572.26[14] Equity and Investments - The total equity attributable to shareholders increased slightly by 0.50% to ¥2,990,274,845.89 from ¥2,975,314,113.96 at the end of the previous year[4] - The company reported a 152.74% increase in investment income, reaching ¥49,108,279.39 compared to ¥19,430,711.84 in the previous year[7] - The total equity attributable to the parent company increased slightly from CNY 2,975,314,113.96 to CNY 2,990,274,845.89, an increase of about 0.5%[16] Expenses - The company reported a significant reduction in management expenses by 36.84%, down to ¥16,781,204.14 from ¥26,569,171.02 in the previous year[7] - Total operating costs for the current period amount to ¥258,075,975.82, down from ¥566,861,161.43 in the previous period[18] - The company incurred a credit impairment loss of ¥29,150,403.75, compared to ¥100,352,414.14 in the previous period[19] Borrowings - The company had no short-term loans at the end of the reporting period, a decrease of 100% from ¥150,320,833.33 at the beginning of the period[7] - The company's short-term borrowings were recorded at CNY 150,320,833.33 at the beginning of the year, with no current short-term borrowings reported[15] - The long-term borrowings stood at CNY 1,596,000,000.00, slightly down from CNY 1,626,000,000.00, a decrease of about 1.8%[15]

Financial Performance - The company's operating revenue for 2021 was ¥1,789,747,620.58, a decrease of 17.72% compared to ¥2,175,301,750.37 in 2020[20] - The net profit attributable to shareholders for 2021 was ¥79,019,998.14, down 3.27% from ¥81,689,162.70 in the previous year[20] - The net profit after deducting non-recurring gains and losses increased by 33.49% to ¥104,986,685.85 in 2021, compared to ¥78,646,126.04 in 2020[20] - The net cash flow from operating activities improved by 66.93%, reaching -¥335,218,389.44 in 2021, compared to -¥1,013,675,790.42 in 2020[20] - Total assets at the end of 2021 were ¥8,195,753,938.03, reflecting a 5.98% increase from ¥7,733,050,927.61 at the end of 2020[20] - The net assets attributable to shareholders increased by 3.15% to ¥2,975,314,113.96 at the end of 2021, compared to ¥2,884,394,820.81 at the end of 2020[20] - Basic earnings per share for 2021 were ¥0.10, a decrease of 9.09% from ¥0.11 in 2020[20] - The weighted average return on net assets was 2.69% in 2021, down from 2.89% in 2020[20] Business Operations - The company plans not to distribute cash dividends or issue bonus shares for the year[6] - The company has acknowledged uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[20] - The company has established a strong regional presence, operating in over 20 provinces and cities, enhancing its brand influence and market competitiveness[34] - The company is focusing on expanding its business in rural revitalization and regional development, aligning with national policies[34] - The company holds multiple industry qualifications, including first-level qualifications for highway engineering and municipal public works, which strengthens its competitive position in the transportation infrastructure sector[35] - The main business model includes single project contracting and investment financing construction, with a focus on adapting to market changes and innovating business models[36] - The company achieved a contract winning amount of 2.603 billion yuan, an increase of 84.61% year-on-year[52] Market and Industry Trends - The total investment in transportation infrastructure in Sichuan Province exceeded CNY 200 billion in 2021, indicating strong government support for the industry[31] - The construction industry in China saw a year-on-year increase of 2.1% in added value, with total profits reaching CNY 855.4 billion, up 1.3%[31] - The government plans to invest approximately CNY 2 trillion in 160 major projects in the Chengdu-Chongqing economic circle by 2025, which will benefit the company[30] Challenges and Risks - The company faces challenges such as limited financing channels and product development constraints, which may hinder its growth potential[34] - The company is currently involved in a dispute over labor payment claims totaling ¥469.57 million with Chengdu Ruixin Road Technology Co., Ltd., which is in the second instance[200] - The company has faced a total of ¥155.58 million in claims related to diesel procurement from Sichuan Runbaotai Petrochemical Co., Ltd., which was withdrawn by the plaintiff[199] Research and Development - Research and development expenses increased by 58.91% to ¥169,355,759.19, primarily due to increased loan interest and R&D personnel costs[73] - R&D investment reached ¥5,817,548.31, a 45.96% increase compared to the previous year, representing 0.33% of operating revenue[75] - The number of R&D personnel increased by 112.00% to 53, with their proportion in the workforce rising to 10.03%[75] - The company is currently developing several new technologies, including a structural monitoring system and a mud recovery treatment system, aimed at enhancing operational efficiency and safety[74] Corporate Governance - The company has established a robust corporate governance structure in compliance with relevant laws and regulations[118] - The company ensures equal rights for shareholders and maintains transparency in shareholder meetings and voting processes[119] - The company has a dedicated investor relations management team to facilitate communication and ensure timely information disclosure[125] - The company has a complete and independent organizational structure, with decision-making bodies such as the shareholders' meeting, board of directors, and supervisory board established according to the Company Law and Articles of Association[129] Employee Management - The total number of employees at the end of the reporting period is 631, with 405 in the parent company and 226 in major subsidiaries[160] - The professional composition includes 301 technical personnel, 51 financial personnel, and 118 management personnel[160] - The company has established a profit distribution policy, ensuring that cash dividends will constitute at least 80% of profit distribution when in a mature stage without major capital expenditures[165] Future Outlook - In 2022, the company aims to achieve a revenue of 2.1 billion yuan and an operating profit of 120 million yuan, although this forecast is subject to macroeconomic conditions and market changes[100] - The company plans to complete an investment of 150 billion yuan in highway and waterway construction in Sichuan Province in 2022, with a target of building 500 kilometers of expressways[97] - The company aims to build a comprehensive management platform to optimize internal processes and enhance project oversight[108] - The company plans to adopt a "differentiated" and "regional" competition strategy to mitigate the impact of intense industry competition[110] Legal Matters - The company faced a lawsuit related to construction damages amounting to 1.1373 million yuan, which was settled through mediation[198] - A total of ¥87,616,979.10 was claimed from Sichuan Wenma Expressway Co., Ltd. for the Wenchuan to Ma'erkang Expressway project, with the court ruling in favor of the company[200] - The company is pursuing a claim of ¥809.75 million against Dao Tunnel Group Engineering Co., Ltd. and Sichuan Yakang Expressway Co., Ltd. for the Yakang Expressway LM1 contract segment, currently in the first instance[200]

成都市路桥工程股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 证券代码：002628 证券简称：成都路桥 公告编号：2021-073 成都市路桥工程股份有限公司 2021 年第三季度报告 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增减 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 同期增减 | | 营业收入（元） | 287,574,979.48 | -29.10% | 1,170,531,066.82 | -1 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥882,956,087.34, a decrease of 7.72% compared to ¥956,793,165.89 in the same period last year[21]. - The net profit attributable to shareholders increased by 43.89% to ¥59,031,727.63, up from ¥41,024,963.59 in the previous year[21]. - The net profit after deducting non-recurring gains and losses surged by 117.69% to ¥84,954,459.59, compared to ¥39,025,982.58 in the same period last year[21]. - The basic earnings per share rose by 120.00% to ¥0.11, compared to ¥0.05 in the previous year[21]. - The total assets at the end of the reporting period were ¥7,828,756,134.11, an increase of 1.24% from ¥7,733,050,927.61 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 2.68% to ¥2,961,557,261.53, compared to ¥2,884,394,820.81 at the end of the previous year[21]. - The net cash flow from operating activities improved by 16.85%, reaching -¥445,576,604.95, compared to -¥535,869,138.90 in the same period last year[21]. - The weighted average return on equity increased by 1.51 percentage points to 2.91% from 1.40% in the previous year[21]. Revenue Sources - Revenue from highway and municipal engineering construction accounted for 95.60% of total revenue, totaling CNY 844,127,310.64, down 3.42% year-on-year[42]. - The company achieved a contract winning amount of 2.078 billion yuan, a year-on-year increase of 140.23%[31]. - The company reported a total revenue of approximately 2.74 billion CNY for the first half of 2021, with a significant contribution from various subsidiaries[58]. - The subsidiary Chengdu Shudu Gaoji Road Surface Co., Ltd. generated revenue of approximately 146.15 million CNY, while the subsidiary Yibin Nanjing District Bin Si Project Investment Co., Ltd. reported revenue of approximately 175.17 million CNY[58]. Cash Flow and Investments - Cash and cash equivalents at the end of the period decreased by 37.29% to CNY 437,392,676.20, mainly due to cash outflows from operating activities[40]. - The company’s cash flow from operating activities showed an improvement, with a net outflow of 445.58 million yuan, a 16.85% reduction compared to the previous year[38]. - Cash inflow from investment activities decreased significantly to 66,011,583.90 CNY compared to 268,377,989.56 CNY in the previous year[150]. - The net cash flow from investment activities was -58,606,671.61 CNY, an improvement from -169,446,928.30 CNY in the same period of 2020[150]. - The company’s long-term equity investments rose by 444.63% to CNY 18,361,949.43, mainly due to investments in Panzhihua Anrui Construction Development Co., Ltd.[39]. Operational Strategies - The company is focusing on expanding into rural revitalization industries to explore new profit growth points[30]. - The company is committed to enhancing project management and cost control to improve operational efficiency[31]. - The company is actively seeking to mitigate risks associated with industry competition by adopting a "differentiated" and "regional" competitive strategy[60]. - The company is implementing measures to manage the volatility of raw material prices and supply, which could impact project costs and timelines[62]. - The company is adapting its operational strategies in response to the ongoing COVID-19 pandemic to mitigate its impact on project progress and material supply[64]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company emphasizes the protection of minority shareholders' rights by conducting separate voting for significant matters affecting their interests[74]. - The company maintains a strong commitment to social responsibility, focusing on sustainable development and environmental protection[73]. - The company achieved a 100% labor contract signing rate for its employees during the reporting period[75]. - The company actively supports labor union work and implements democratic management through employee representative assemblies[75]. Legal and Compliance Issues - The company is currently involved in several litigation cases, with one case involving a claim of approximately 32.05 million yuan related to a highway project[87]. - The company faced a legal dispute regarding the payment of concrete procurement amounting to ¥137.84 million, resulting in a loss in court[88]. - The company reported no penalties or rectifications during the reporting period[90]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[73]. Financial Position and Liabilities - The total liabilities at the end of the reporting period amounted to CNY 4,793,075,742.36, slightly up from CNY 4,773,394,675.65, showing a marginal increase of 0.42%[134]. - Long-term borrowings increased to ¥2.02 billion, accounting for 25.80% of total assets, up from 22.50% last year, primarily due to an increase in bank loans[48]. - The company’s total liabilities amounted to CNY 1,476,570,000, indicating a manageable debt level[165]. Accounting and Reporting Standards - The financial statements were approved by the board of directors on August 19, 2021[169]. - The company follows the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial status and operational results[176]. - The semi-annual financial report has not been audited[84]. Future Outlook - The company plans to continue expanding its market presence and invest in new technologies[156]. - The company aims to enhance its operational efficiency through strategic initiatives and potential mergers and acquisitions[156]. - The company has set a performance guidance for the next period, aiming for a growth rate of over 10% in total revenue[160].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 512,753,185.96, representing a 42.87% increase compared to CNY 358,883,223.90 in the same period last year[8]. - Net profit attributable to shareholders was CNY 53,691,772.80, a significant increase of 328.34% from CNY 12,534,879.73 year-on-year[8]. - The net profit after deducting non-recurring gains and losses reached CNY 78,963,296.27, up 542.75% from CNY 12,285,291.74 in the previous year[8]. - Basic earnings per share increased to CNY 0.07, a 250.00% rise compared to CNY 0.02 in the same quarter last year[8]. - The company reported a significant increase in operating profit by 177.29% to ¥65,823,244.46, largely due to the reduction in credit impairment losses[15]. - Net profit surged by 246.00% to ¥53,190,975.95, mainly attributed to significant reductions in credit impairment losses[15]. - The total comprehensive income for Q1 2021 was CNY 53,190,975.95, compared to CNY 9,141,936.39 in the same period last year[38]. - The net profit for the first quarter of 2021 was CNY 60,322,435.33, compared to CNY 15,373,288.16 in the same period last year, representing a significant increase[40]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,745,371,789.92, showing a slight increase of 0.16% from CNY 7,733,050,927.61 at the end of the previous year[8]. - Total liabilities decreased slightly to CNY 4,732,192,819.30 from CNY 4,773,394,675.65, a reduction of about 0.86%[29]. - The company's total equity increased to CNY 3,013,178,970.62 from CNY 2,959,656,251.96, reflecting a growth of approximately 1.81%[30]. - Total liabilities decreased to CNY 2,964,768,536.18 from CNY 3,243,452,237.96 year-over-year[36]. - The total assets amounted to 7,733,050,927.61 CNY, with a minor adjustment of 12,726,535.44 CNY from the previous period[52]. - The total equity attributable to shareholders was 2,884,394,820.81 CNY, remaining stable compared to the previous period[52]. Cash Flow - The net cash flow from operating activities was negative at CNY -289,896,913.04, a slight improvement of 0.57% compared to CNY -291,550,243.69 in the previous year[8]. - The cash flow from operating activities showed a net outflow of CNY -289,896,913.04, slightly improved from CNY -291,550,243.69 in the previous year[44]. - The company incurred a total operating cash outflow of CNY 944,863,847.71, compared to CNY 901,329,812.16 in the same period last year[44]. - Investment activities resulted in a net cash outflow of CNY -33,336,496.59, an improvement from CNY -150,089,430.97 in the previous year[44]. - The financing activities generated a net cash inflow of CNY 188,779,383.96, down from CNY 326,602,477.18 in the previous year[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,795, with the largest shareholder holding 23.90% of the shares[11]. - The company's management expenses increased by 39.77% to ¥26,569,171.02, mainly due to increased costs related to non-public issuance[15]. Investment and Financial Activities - Long-term equity investments rose by 445.37% to ¥18,387,046.44, primarily due to investments in Panzhihua Anrui Construction Development Co., Ltd.[15]. - Cash flow from investment activities decreased by 63.74% to ¥39,551,650.00, mainly due to reduced purchases of financial products[15]. - The company reported a credit impairment loss of CNY 100,352,414.14, compared to CNY 17,755,376.85 in the previous year[36]. - Financial expenses for Q1 2021 were CNY 41,280,362.23, significantly higher than CNY 20,544,153.78 in the same period last year[36]. - The company did not engage in any securities or derivative investments during the reporting period[19][20].