新疆交通建设集团股份有限公司 2022 年第一季度报告全文 证券代码：002941 证券简称：新疆交建 公告编号：2022-033 新疆交通建设集团股份有限公司 2022 年第一季度报告 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。 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.第一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 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥4,023,485,597.09, representing a 96.79% increase compared to the same period last year[2] - Net profit attributable to shareholders was ¥96,516,227.67, a significant increase of 729.69% year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥92,847,414.79, up 676.38% from the previous year[2] - The basic earnings per share rose to ¥0.15, an increase of 850.00% compared to the same period last year[2] - The net profit for the third quarter of 2021 was CNY 178,368,961.93, compared to CNY 81,995,262.00 in the same period last year, representing a year-over-year increase of approximately 117%[22] - The total operating income for the period reached CNY 6,694,092,138.28, up from CNY 3,886,266,285.11 in the previous year, indicating a growth of about 72%[22] - The total comprehensive income for the third quarter was CNY 179,355,926.23, compared to CNY 81,479,707.96 in the previous year, marking an increase of about 120%[23] - The basic earnings per share for the quarter were CNY 0.27, up from CNY 0.13 in the same period last year, representing a growth of 108%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥17,469,430,854.63, reflecting a 19.59% increase from the end of the previous year[4] - Total assets increased to CNY 17.47 billion as of September 30, 2021, up from CNY 14.61 billion on December 31, 2020, representing a growth of approximately 19.5%[20] - Current assets totaled CNY 10.30 billion as of September 30, 2021, compared to CNY 8.98 billion at the end of 2020, reflecting an increase of 14.7%[19] - Total liabilities increased to CNY 13.38 billion, up from CNY 10.76 billion, which is an increase of about 24.0%[21] - The company's total liabilities decreased by 93.56% in long-term payables, indicating effective management of long-term obligations[6] - Total liabilities amounted to CNY 10,763,323,565.75, with non-current liabilities at CNY 3,931,148,265.92[32] - The total equity of the company reached CNY 3,844,343,131.42, down from CNY 3,863,749,936.75[32] Cash Flow - The company's cash flow from operating activities showed a net increase of 1,889.93%, totaling ¥590,759,392.45[2] - The cash flow from operating activities generated a net amount of CNY 590,759,392.45, a significant improvement compared to a negative cash flow of CNY -33,004,679.40 in the same quarter last year[25] - The net cash flow from investment activities was -289,714,938.10, compared to -191,761,662.30 in the previous period, indicating a significant increase in cash outflow[27] - The total cash inflow from financing activities was 1,820,580,000.00, down from 3,578,655,286.80 in the previous period, reflecting a decrease of approximately 49%[27] - The net cash flow from financing activities was -130,943,536.98, contrasting with a positive cash flow of 1,396,772,346.65 in the previous period, showing a substantial decline[27] Investment and R&D - Research and development expenses increased by 45.23%, highlighting the company's commitment to innovation[12] - Long-term equity investments surged to CNY 158.06 million, up from CNY 3.00 million in the previous year, indicating a substantial increase[20] - The company reported a 431.30% increase in investment income, primarily due to the disposal of long-term equity investments[12] - Research and development expenses increased to CNY 10,160,459.46 from CNY 6,996,211.96, reflecting a rise of approximately 45%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,195, with the largest shareholder being the Xinjiang Uygur Autonomous Region Government holding 46.51% of shares[13] - The controlling shareholder is the Xinjiang Uygur Autonomous Region Government, holding 46.51% of the company's shares directly and indirectly[14] - The company has a total of 20,344,000 unrestricted shares held by Xinjiang Tebian Electric Group Co., Ltd.[14] - The company has a total of 3,000,000 unrestricted shares held by Xinjiang Tonghai Equity Investment Partnership[14] Contracts and Agreements - The company signed a material procurement contract with Hongyou Software for a total amount of 166,271.04 RMB, involving traffic light and related products[14] - The company entered into a housing lease contract with a total amount of 570,000 RMB for office and accommodation purposes[14] - The company signed a road safety evaluation contract for 35,000 RMB with a subsidiary of a related party[14] - The company has a total of 743,786 RMB for a labor subcontracting contract with its subsidiary, focusing on personnel wages[18] - The company has a total of 141,148 RMB for a smart construction equipment procurement contract[18] Audit and Compliance - The company has not undergone an audit for the third quarter report[33] - The company has implemented new leasing standards starting from 2021, with no retrospective adjustments made to prior comparative data[33]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders was 150 million RMB, up 20% compared to the same period last year[21]. - The company's operating revenue for the reporting period was ¥2,846,839,913.18, representing a 52.05% increase compared to ¥1,872,314,279.30 in the same period last year[28]. - The net profit attributable to shareholders decreased by 21.60% to ¥76,813,826.75 from ¥97,978,385.49 year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥62,597,962.79, down 23.18% from ¥81,487,310.72 in the previous year[28]. - The net cash flow from operating activities surged by 1,088.60% to ¥810,562,555.26, compared to ¥68,194,515.98 in the same period last year[28]. - The total assets of the company reached 5 billion RMB, reflecting a 5% increase from the end of 2020[21]. - The total assets increased by 14.41% to ¥16,713,332,690.63 from ¥14,607,666,697.17 at the end of the previous year[28]. - The net assets attributable to shareholders rose by 3.07% to ¥2,645,583,640.34 from ¥2,566,768,432.26 at the end of the previous year[28]. - The company's cash and cash equivalents increased by 168.62% to ¥1,151,529,737.00, up from ¥428,675,901.39 in the previous year[63]. - The company's total operating revenue for the reporting period was ¥2,846,839,913.18, representing a 52.05% increase compared to ¥1,872,314,279.30 in the same period last year[63]. - The company's total liabilities reached ¥12,784,979,870.22, compared to ¥10,763,323,565.75, marking an increase of around 18.8%[192]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in the next fiscal year[21]. - User data indicates a 25% increase in project contracts secured, totaling 200 contracts in the first half of 2021[21]. - The company aims to achieve a revenue growth target of 10% for the full year 2021[21]. - The company is exploring potential mergers and acquisitions to enhance its service offerings in the infrastructure sector[21]. - The company aims to leverage its established brand and project management capabilities to expand its market presence despite challenges in financing and product development[39]. - The company has a strong brand influence and has expanded its business from highway construction to multiple fields, including bridges, tunnels, and intelligent transportation[58]. Research and Development - The company has invested 50 million RMB in R&D for new construction technologies aimed at improving efficiency[21]. - The company has 59 patents related to road and bridge construction and aims to further invest in R&D to maintain its technological leadership[58]. - Research and development investment increased by 18.73% to ¥5,290,166.97, up from ¥4,455,470.90 in the same period last year[63]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations, as its business is closely tied to the economic cycle and infrastructure investment policies, which could lead to performance declines if not properly managed[43]. - The company is exposed to risks from fluctuations in raw material prices and labor costs, which can significantly impact project budgets and profit margins[45]. - Seasonal fluctuations affect the company's performance, with construction activity limited to 7 to 10 months per year due to harsh winter conditions in Xinjiang[46]. - The company operates in international markets, facing risks from differing business environments, legal frameworks, and potential political instability in countries like Ukraine and Cameroon[48]. - The company faces significant policy risks due to its reliance on infrastructure construction and investment, which can be heavily influenced by national policies and regulations[94]. - Market risks include regional economic disparities and potential instability in foreign markets, which may adversely affect the company's operations[94]. Operational Efficiency - The management highlighted the importance of maintaining a strong cash flow to support ongoing projects and future investments[21]. - The company has implemented effective cost control measures, optimizing labor and material costs during seasonal fluctuations[57]. - The operating costs amounted to ¥2,629,918,022.87, which is a 46.87% increase from ¥1,790,589,689.24 year-on-year, attributed to the expansion of market projects[59]. Corporate Governance and Compliance - The semi-annual financial report has not been audited, indicating that the financial results are still subject to review[116]. - There were no significant litigation or arbitration matters during the reporting period[120]. - The company reported no major penalties or rectification issues during the reporting period[120]. - There were no related party transactions in daily operations during the reporting period[121]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[114]. - There were no significant environmental violations reported during the period, and the company adheres to environmental protection laws and promotes sustainable practices[109]. Shareholder Information - The total number of shares increased to 645,022,457 due to the conversion of convertible bonds, with 22,457 shares converted[146]. - The largest shareholder, the State-owned Assets Supervision and Administration Commission of the Xinjiang Uygur Autonomous Region, holds 46.51% of the shares, totaling 300 million shares[153]. - The combined direct and indirect holdings of the largest shareholder amount to 312.5 million shares, representing 48.45% of the total shares[153]. - The second-largest shareholder, Xinjiang Tebian Electric Apparatus Stock Co., Ltd., holds 18.14% of the shares, totaling 117 million shares[155]. - The company did not experience any changes in its controlling shareholder during the reporting period[160]. - The company has no preferred shares outstanding during the reporting period[164]. Investment Activities - The company made a new equity investment of ¥26,400,000.00 in Hebei Jiaotong New Dry Line Material Technology Co., Ltd., acquiring a 27.50% stake[80]. - The company also invested ¥32,711,000.48 in Hongyou Software Co., Ltd., increasing its stake to 11.52%[80]. - The total amount of non-equity investments reported was ¥155,300,000.00, with a cumulative investment of ¥415,050,000.00 across various projects[87]. - The company has not engaged in any securities or derivative investments during the reporting period[88][89]. - There were no significant asset or equity sales during the reporting period[90][91]. - The company has not disclosed any important information regarding major controlling or affiliated companies during the reporting period[93].

新疆交通建设集团股份有限公司 2021 年第一季度报告全文 新疆交通建设集团股份有限公司 2021 年第一季度报告 2021 年 04 月 1 新疆交通建设集团股份有限公司 2021 年第一季度报告全文 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。 公司负责人沈金生、主管会计工作负责人祁荣梅及会计机构负责人(会计主 管人员)唐婷声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆交通建设集团股份有限公司 2021 年第一季度报告全文 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 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|---------------------------| | | 本报告期 ...

Financial Performance - The total revenue for 2020 was 10.5 billion RMB, representing a year-on-year increase of 12%[17]. - The net profit attributable to shareholders was 1.2 billion RMB, an increase of 15% compared to the previous year[17]. - The company's operating revenue for 2020 was ¥7,139,197,770.34, representing a 19.96% increase compared to ¥5,951,176,397.62 in 2019[25]. - The net profit attributable to shareholders for 2020 was ¥114,663,046.45, a decrease of 38.45% from ¥186,282,184.54 in 2019[25]. - The basic earnings per share for 2020 was ¥0.18, down 37.93% from ¥0.29 in 2019[25]. - The company's operating revenue increased by 19.96% year-on-year to approximately ¥7.14 billion, while the net profit attributable to shareholders decreased by 38.45% due to the impact of the COVID-19 pandemic on procurement and logistics costs[73]. - Operating profit decreased by 32.91% to CNY 169,960,132.13, while net profit attributable to shareholders fell by 38.45% to CNY 114,663,046.45[72]. Cash Flow and Dividends - The company reported a cash dividend of 0.4 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[5]. - The total cash dividend amount for 2020 is RMB 25,800,814.08, which represents 22.50% of the net profit attributable to shareholders[178]. - The cash dividend for 2019 was RMB 38,700,000, accounting for 20.77% of the net profit attributable to shareholders[178]. - The cash dividend for 2018 was RMB 93,525,000, which was 26.47% of the net profit attributable to shareholders[178]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during profit distribution[178]. - The profit distribution plan for 2020 requires approval from the shareholders' meeting before implementation[178]. Investment and Growth Strategy - The company plans to expand its market presence by entering new regions, targeting a 20% growth in project contracts for 2021[17]. - Future guidance estimates a revenue growth of 10-15% for 2021, driven by increased infrastructure spending[17]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[17]. - The company is expanding into new sectors such as 5G-related electronic information and artificial intelligence, leveraging its brand advantage and financing platform[78]. - The company aims for a 9.55% year-on-year increase in new contract value for 2021, targeting 4 billion yuan from domestic PPP projects, and a revenue growth target of 26.07%[161]. Operational Efficiency and Management - The company is investing 500 million RMB in new technology development to enhance construction efficiency and safety[17]. - The company aims to enhance project management through a "1334" management reform initiative, focusing on quality and safety, achieving zero accidents in production[80]. - The company has established a comprehensive management system for procurement and cost control, enhancing its competitive edge in the industry[66]. - The company is committed to improving its human resource management system to attract and retain high-quality talent, including technology and financial professionals[155]. - The company will optimize its organizational structure through mergers and restructuring of subsidiaries to improve operational efficiency and reduce management costs[160]. Market and Competitive Position - The company holds a special-grade qualification for highway engineering construction and first-grade qualifications for municipal public works, bridge engineering, and other specialties, enhancing its competitive position in the industry[43]. - The company has established a strong regional advantage and brand influence through over 20 years of experience in highway construction[42]. - The company is positioned in the second tier of the domestic highway construction industry, competing with regional state-owned and private enterprises[42]. - Revenue from outside Xinjiang province increased by 320.39% year-on-year, indicating successful market expansion efforts[84]. Risks and Challenges - The company has faced risks related to macroeconomic fluctuations, as its business is closely tied to the construction of transportation infrastructure, which is influenced by national investment policies[44]. - The company acknowledges potential risks from policy changes, market fluctuations, and investment uncertainties, and is working to strengthen its internal control systems to mitigate these risks[163]. - Natural disasters and public health emergencies, such as the COVID-19 pandemic, pose significant risks to operations, affecting project timelines and costs[165]. Research and Development - Research and development (R&D) investment amounted to CNY 40,590,325.05, an increase of 9.58% compared to the previous year[114]. - The number of R&D personnel increased by 45.31% to 93, representing 4.22% of the total workforce[114]. - The company holds 59 patents related to road and bridge construction, indicating a strong focus on technological innovation[68]. Financial Position - Total assets at the end of 2020 were ¥14,607,666,697.17, an increase of 32.84% from ¥10,996,460,407.61 at the end of 2019[25]. - The company experienced a significant increase in total net assets, reaching ¥2,566,768,432.26 at the end of 2020, up 7.94% from ¥2,377,869,445.45 at the end of 2019[25]. - The company's cash and cash equivalents increased to ¥2,889,174,943.44, representing 19.78% of total assets, up from 15.17% at the beginning of the year, due to the recovery of previous year's project payments and cash received from convertible bonds[124].

Financial Performance - Net profit attributable to shareholders was -¥15,327,488.54, a decrease of 129.71% year-on-year[8]. - Operating revenue for the reporting period was ¥2,044,542,434.18, down 6.98% compared to the same period last year[8]. - The net cash flow from operating activities was -¥101,199,195.38, a decline of 76.48% year-on-year[8]. - Basic earnings per share were -¥0.02, a decrease of 125.00% compared to the same period last year[8]. - The weighted average return on net assets was -0.62%, down 2.94% year-on-year[8]. - The company reported a significant increase in long-term equity investments to ¥1.55 billion, up from ¥1.13 billion, representing a growth of approximately 37.0%[53]. - The net profit for the current period was a loss of ¥17,743,571.41, compared to a profit of ¥58,125,531.71 in the previous period, indicating a significant decline[62]. - The total comprehensive income for the current period was -¥17,453,900.76, compared to ¥57,531,293.03 in the previous period, reflecting a significant decline[65]. - The company reported a credit impairment loss of ¥61,028,456.23, compared to ¥19,238,375.40 in the previous period, indicating a worsening situation[62]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥13,504,217,166.77, an increase of 22.81% compared to the end of the previous year[8]. - Total liabilities reached ¥10.03 billion, up from ¥8.29 billion, which is an increase of approximately 20.9%[45]. - Owner's equity totaled ¥3.48 billion, compared to ¥2.71 billion, showing a significant increase of about 28.4%[49]. - Current liabilities amounted to ¥5.95 billion, a slight increase from ¥5.55 billion, indicating a growth of approximately 7.2%[45]. - Long-term borrowings rose to ¥3.32 billion from ¥2.73 billion, marking an increase of around 21.6%[45]. - The total amount of cash received from sales and services increased by 36.73% year-on-year, mainly due to the collection of significant project payments[23]. - Cash and cash equivalents increased by 69.54% compared to the beginning of the period, primarily due to bond issuance and significant project payments received[21]. - The total assets of the company as of the end of the reporting period were CNY 10,996,460,407.61, slightly up from CNY 10,995,215,012.30[100]. - The total liabilities stood at CNY 8,285,384,426.86, reflecting a stable financial position[106]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,823[12]. - The largest shareholder, the State-owned Assets Supervision and Administration Commission of the Xinjiang Uygur Autonomous Region, holds 46.51% of the shares[12]. - The company did not engage in any repurchase agreements during the reporting period[15]. Cash Flow and Financing - The total cash inflow from operating activities was ¥5,545,757,835.66, compared to ¥4,217,860,831.04 in the previous period, indicating a growth of 31.5%[90]. - The net cash flow from operating activities was -¥33,004,679.40, an improvement from -¥1,513,155,216.19 in the previous period[90]. - Cash and cash equivalents at the end of the period totaled ¥2,638,004,666.77, up from ¥1,799,150,336.98 at the end of the previous period, reflecting an increase of 46.7%[92]. - The company raised a total of RMB 466.7 million in fundraising, with a net amount of RMB 419.17 million after deducting issuance costs[30]. - Cash inflow from financing activities totaled CNY 2,516,165,286.80, up from CNY 2,136,326,476.03 in the previous period, marking an increase of 17.8%[99]. Expenses and Costs - Total operating costs decreased to ¥1,989,768,916.96 from ¥2,103,198,019.62, reflecting a reduction of 5.39%[59]. - Research and development expenses increased to ¥4,533,539.18 from ¥1,076,505.34, showing a growth of 320.36%[59]. - Sales expenses increased by 38.98% year-on-year, primarily due to higher freight costs incurred during the period[22]. - The company reported a decrease in research and development expenses to ¥2,864,581.10 from ¥4,954,984.87, a reduction of 42.2%[84]. - Financial expenses decreased significantly, with interest expenses dropping to ¥12,053,896.58 from ¥28,056,662.20, a decrease of 57.0%[84]. Investment Activities - The company raised ¥1,446,287,386.80 from investment activities, with a notable increase in cash inflow from financing activities totaling ¥3,578,655,286.80[92]. - The company received CNY 833,797,386.80 from new investments during the current period[96]. - Investment cash outflow was CNY 606,974,945.27, compared to CNY 156,914,838.91 in the previous period, indicating a substantial increase in investment activities[96].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,872,314,279.30, representing a 14.35% increase compared to CNY 1,637,349,150.43 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 97,978,385.49, a significant increase of 1,437.75% from CNY 6,371,549.47 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 81,487,310.72, up 11,715.22% from CNY 689,681.00 in the same period last year[22]. - Basic and diluted earnings per share were both CNY 0.15, reflecting a 1,400.00% increase from CNY 0.01 in the same period last year[22]. - The weighted average return on net assets was 4.09%, an increase of 3.81% compared to 0.28% in the previous year[22]. - The net cash flow from operating activities was CNY 68,194,515.98, a turnaround from a negative cash flow of CNY -1,082,917,700.09 in the previous year, marking a 106.30% improvement[22]. - The operating cost increased by 20.04% to CNY 1,790,589,689.24 from CNY 1,491,599,873.80, indicating a rise in expenses associated with revenue generation[65]. - The company reported a 33.30% increase in financial expenses, totaling CNY 33,442,878.90, due to lower interest income this year compared to last year[67]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,072,891,765.94, a 9.79% increase from CNY 10,996,460,407.61 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 2,426,489,079.15, up 2.04% from CNY 2,377,869,445.45 at the end of the previous year[22]. - Accounts receivable decreased by 40.41% compared to the beginning of the period, attributed to improved collection efforts and accounting policy changes[42]. - Contract assets increased by 100% compared to the beginning of the period, mainly due to reclassification of certain receivables under new accounting policies[42]. - The total liabilities of the company were CNY 8,971,808,350.39, compared to CNY 8,289,464,904.19 at the end of 2019, marking an increase of approximately 8.2%[185]. - Long-term borrowings rose to CNY 3,236,700,000.00 from CNY 2,733,750,000.00, an increase of about 18.4%[185]. - The company reported a significant decrease in inventory, which fell to CNY 261,840,323.93 from CNY 1,989,139,325.13, a decline of about 86.8%[179]. Business Operations - The company operates under two main business models: a single project contracting model and a financing construction model, with associated risks including cost control and policy changes[37]. - The company holds the highest construction qualification in Xinjiang, including a special grade for highway engineering and first-grade qualifications for municipal public works and several specialized contracting[33]. - The company has established a complete road and bridge construction business system, enhancing its competitive advantage through integrated services[45]. - The company has developed 69 patents and 53 software copyrights related to road and bridge construction, showcasing its commitment to technological innovation[49]. - The company is actively expanding its market presence both within Xinjiang and in external markets, focusing on key projects and establishing core customer groups[58]. - The company has a leading position in the Xinjiang region's construction industry, benefiting from its comprehensive qualifications and extensive experience in challenging geological conditions[44]. Strategic Plans and Investments - The company plans not to distribute cash dividends or issue bonus shares, nor to increase capital using reserves[6]. - The company plans to enhance its investment structure by focusing on long-term and short-term investment projects, ensuring stable cash flow and quick returns[61]. - The company is actively pursuing the issuance of convertible bonds to support the rapid advancement of its PPP projects and diversify its financing channels[64]. - The company aims to optimize its business layout by aligning with national trends in innovation, smart technology, and data-driven development[61]. - The total investment during the reporting period was CNY 187,110,000.00, representing a significant increase of 91.84% compared to the previous year[83]. - The company has ongoing non-equity investments totaling CNY 179,110,000.00 in highway construction projects[85]. Risks and Compliance - The company faces various risks, including policy risks, market risks, investment risks, financial risks, engineering safety risks, and risks from natural disasters[100][104][105]. - The company strictly adheres to environmental protection laws and has not faced any major violations during the reporting period[129]. - The company has not reported any major litigation or arbitration matters during the reporting period[114]. - The company has not engaged in any significant asset or equity sales during the reporting period[97][98]. Social Responsibility - The company actively participates in poverty alleviation efforts, focusing on project support, industry assistance, and skills training[130]. - In the first half of 2020, the company invested CNY 3.5 million in poverty alleviation projects[135]. - The company plans to continue its poverty alleviation initiatives in the second half of 2020, emphasizing project support and personnel training[138].

Financial Performance - The company's operating revenue for Q1 2020 was ¥223,879,317.36, representing a 2.63% increase compared to ¥218,147,702.14 in the same period last year[8]. - The net profit attributable to shareholders was -¥41,049,374.07, a decline of 10.62% from -¥37,109,146.30 year-on-year[8]. - The basic and diluted earnings per share remained at -¥0.06, unchanged from the previous year[8]. - Total operating revenue for the first quarter was CNY 223,879,317.36, compared to CNY 218,147,702.14 in the previous period, reflecting an increase of approximately 2.5%[55]. - Net profit for the current period was -¥43,556,979.15, worsening from -¥41,295,220.16 in the previous period, reflecting a decline of approximately 5.5%[61]. - The total comprehensive income for the current period was -¥44,770,879.44, compared to -¥41,365,575.60 in the previous period, indicating a decline of about 8.8%[64]. - The company reported an investment income of ¥1,845,422.84, a significant improvement from a loss of -¥140,084.99 in the previous period[58]. Cash Flow - The net cash flow from operating activities improved by 8.24%, amounting to -¥713,904,611.40 compared to -¥777,975,604.84 in the previous year[8]. - Cash inflows from operating activities totaled 724,895,552.22 CNY, down from 842,467,400.74 CNY in the previous period, reflecting a decrease of approximately 14%[72]. - The net cash outflow from operating activities was -713,904,611.40 CNY, slightly improved from -777,975,604.84 CNY in the previous period[75]. - Cash inflows from financing activities amounted to 1,664,857,900.00 CNY, an increase from 1,470,000,000.00 CNY in the previous period, representing a growth of about 13%[78]. - The net cash flow from financing activities was 829,349,627.25 CNY, significantly higher than 431,711,814.97 CNY in the previous period[78]. - The cash and cash equivalents at the end of the period increased to 1,501,557,231.05 CNY from 1,249,168,388.79 CNY in the previous period[78]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,159,248,866.54, an increase of 1.48% from ¥10,996,460,407.61 at the end of the previous year[8]. - The total liabilities amounted to CNY 8,276,535,456.21, slightly decreasing from CNY 8,289,464,904.19 in the previous period[46]. - Current liabilities totaled CNY 5,107,664,631.12, down from CNY 5,551,634,426.86, indicating a reduction of about 8%[46]. - Non-current liabilities increased to CNY 3,168,870,825.09 from CNY 2,737,830,477.33, representing an increase of approximately 15.8%[46]. - The total equity attributable to shareholders of the parent company was CNY 2,327,516,018.64, down from CNY 2,377,869,445.45, a decrease of about 2.1%[46]. - The total assets decreased to CNY 9,038,192,023.20 from CNY 9,519,231,566.81, reflecting a reduction of about 5%[50]. Shareholder Information - The company had a total of 50,623 common shareholders at the end of the reporting period[12]. - The largest shareholder, the State-owned Assets Supervision and Administration Commission of the Xinjiang Uygur Autonomous Region, held 46.51% of the shares[13]. Changes in Financial Position - Accounts receivable increased by 255.85% compared to the beginning of the period, mainly due to an increase in received bills that have not yet matured[21]. - Prepayments increased by 31.93% compared to the beginning of the period, primarily due to increased procurement prepayments[21]. - Inventory decreased by 92.42% compared to the beginning of the period, mainly due to a change in accounting policy that reclassified items to contract assets[21]. - Contract assets increased by 100.00% compared to the beginning of the period, due to the reclassification of qualifying items to contract assets[21]. - Other non-current financial assets increased by 102.54% compared to the beginning of the period, mainly due to increased investments during the period[21]. - Short-term borrowings decreased by 32.87% compared to the beginning of the period, primarily due to the repayment of maturing short-term borrowings[21]. - Accounts payable decreased by 33.09% compared to the beginning of the period, mainly due to the company's practice of making concentrated payments at the beginning of the year[21]. - Contract liabilities increased by 100.00% compared to the beginning of the period, due to the reclassification of qualifying items to contract liabilities[21]. Expenses - Total operating costs amounted to ¥283,081,775.19, compared to ¥276,214,273.88 in the previous period, indicating an increase of about 2.9%[58]. - Research and development expenses decreased to ¥438,085.05 from ¥493,850.21, showing a reduction of about 11.3%[58]. - Financial expenses decreased to ¥16,624,058.89 from ¥19,390,961.14, a decline of approximately 14.2%[58]. - Tax expenses for the current period were ¥3,011,225.32, up from ¥920,980.15 in the previous period, representing an increase of approximately 227.5%[61]. - The company experienced a credit impairment loss of ¥12,615,485.79, down from ¥14,881,889.06, reflecting a decrease of about 15.2%[58]. Other Financial Metrics - There were no significant non-recurring gains or losses reported during the period[11]. - The company reported a decrease in undistributed profits to CNY 745,228,140.06 from CNY 796,202,306.83, a decline of approximately 6.4%[46]. - The company reported a significant adjustment in contract liabilities, which increased to ¥766,772,372.38, reflecting a new accounting standard implementation[89]. - Deferred tax assets increased by ¥2,085,865.23, indicating a positive adjustment in tax-related assets[86]. - The first quarter report was not audited[97].

Financial Performance - The company's operating revenue for 2019 was ¥5,951,176,397.62, an increase of 11.21% compared to ¥5,351,399,938.78 in 2018[23]. - The net profit attributable to shareholders for 2019 was ¥186,282,184.54, a decrease of 47.27% from ¥353,275,000.51 in 2018[23]. - The net cash flow from operating activities was -¥1,607,835,879.55, representing a decline of 377.41% compared to -¥336,783,187.15 in 2018[23]. - The total assets at the end of 2019 were ¥10,996,460,407.61, an increase of 8.50% from ¥10,135,125,287.91 at the end of 2018[23]. - The company reported a basic earnings per share of ¥0.29 for 2019, down 51.67% from ¥0.6 in 2018[23]. - The weighted average return on equity decreased to 8.06% in 2019 from 20.36% in 2018, a drop of 12.30%[23]. - The total revenue for 2019 reached ¥5,951,176,397.62, representing an 11.21% increase from ¥5,351,399,938.78 in 2018[63]. - The construction segment generated ¥5,169,332,615.19, accounting for 86.86% of total revenue, with a year-on-year growth of 16.91%[63]. - The trade segment reported revenue of ¥664,841,568.19, a decline of 13.56% compared to ¥769,160,995.74 in 2018[63]. - Revenue from surveying, design, and testing increased by 28.34% to ¥87,714,603.20, up from ¥68,343,839.23[63]. - The gross profit margin for the construction segment was 9.59%, a decrease of 1.46% from the previous year[63]. Investment and Financing - The company has a financing balance of CNY 985 million for short-term loans with an interest rate range of 4.35% to 4.785% and CNY 1.52585 billion for long-term loans with an interest rate range of 4.75% to 4.987%[37]. - Financing efforts are being intensified, with a focus on bank loans and the issuance of convertible bonds to support project funding[59]. - The company's long-term borrowings increased significantly to CNY 2,733,750,000.00, representing 24.86% of total assets, due to additional project financing[89]. - The total investment amount for the reporting period was CNY 230,703,575.50, a decrease of 65.22% compared to the previous year's investment of CNY 663,344,700.00[93]. - The company is focusing on infrastructure investment as a key strategy to counter economic downturns, particularly in traditional sectors like railways and highways[101]. Risk Management - The company faces potential risks including industrial policy risks, industry competition risks, investment risks, and significant fluctuations in raw material prices and supply[9]. - The company has a risk management framework that includes cost control and project change risks, particularly in its single engineering contracting and investment financing construction models[36]. - The company acknowledges potential risks, including policy changes and market fluctuations, which could significantly impact its operations[118][119]. - The company is focused on minimizing various risks associated with project investments through a robust internal control system[120]. Profit Distribution - The company has established a profit distribution policy that emphasizes reasonable returns to investors, with cash dividends not less than 20% of the distributable profit for the year[126]. - For the 2019 profit distribution plan, the company proposed a cash dividend of 0.6 yuan per 10 shares, based on a total share capital of 645 million shares[131]. - The cash dividend amount for 2019 is CNY 38,700,000, which represents 20.77% of the net profit attributable to ordinary shareholders[132]. - The total distributable profit for 2019 is CNY 164,388,220.02, with the cash dividend amounting to 23.54% of this total[134]. - The company plans to distribute a cash dividend of CNY 0.6 per share (before tax) for 2019, based on a total share capital of 645,000,000 shares[134]. - The cash dividend for 2019 is the first dividend distribution since 2017, which had no cash dividends[132]. Operational Stability - The company has not changed its main business since its listing, indicating stability in its operational focus[21]. - The company has established a complete road and bridge construction business system, integrating engineering construction, surveying design, and testing, which enhances its competitive advantage[44]. - The company has a robust safety production system, adhering to national safety laws and regulations, and has established multiple internal management systems for safety[39]. - The company has committed to enhancing safety management in construction projects, establishing a safety assessment system, and increasing accident prevention efforts[122]. Technological Innovation - The company has developed 59 patents and 51 software copyrights related to road and bridge construction, indicating a strong focus on technological innovation[47]. - The company plans to enhance its full industry chain operation model, focusing on investment, engineering construction, and modern logistics[106]. Market Expansion - The company is expanding its market presence both domestically and internationally, focusing on key projects and establishing core customer groups[54]. - The company will continue to expand its market presence in Xinjiang and beyond, leveraging its geographical advantages[107]. - The company aims to increase its involvement in sustainable large-scale PPP projects, focusing on high-quality project selection and risk management[108]. Social Responsibility - The company emphasizes social responsibility, focusing on shareholder value, employee welfare, and sustainable development[191]. - The company is committed to poverty alleviation efforts, focusing on local materials and labor for construction projects[193][194]. - In 2019, the company invested a total of 990,000 CNY in poverty alleviation efforts, focusing on greenhouse production enhancement, construction of storefronts, technical guidance, and community support initiatives[196]. - The company assisted 50 registered impoverished households in achieving employment through its job transfer programs[199]. Compliance and Governance - The company has established a robust governance structure to protect the rights of shareholders and creditors, ensuring fair information disclosure[191]. - The company has committed to ensuring the accuracy and completeness of its financial disclosures, taking legal responsibility for any misleading statements[167]. - The company has adhered to the new accounting standards effective from January 1, 2019, which may impact financial reporting and measurement of financial instruments[170].

Financial Performance - Operating revenue for the period was CNY 2,197,979,109.48, representing a year-on-year increase of 4.94%[8] - Net profit attributable to shareholders was CNY 51,596,310.89, a decrease of 53.04% compared to the same period last year[8] - Basic earnings per share decreased by 57.89% to CNY 0.08[8] - The weighted average return on equity was 2.32%, down 4.24% from the previous year[8] - Net profit decreased by 81.82% year-on-year, primarily due to lower operating gross profit and significant investment income from subsidiary disposal in the previous year[23] - Operating profit decreased by 76.10% year-on-year, attributed to lower operating gross profit and previous year's substantial investment income from subsidiary disposal[23] - The company's total operating revenue for the current period is ¥1,663,117,552.99, a decrease of 6.43% from ¥1,777,563,808.85 in the previous period[72] - The operating profit for the current period is ¥62,550,248.14, down 53.76% from ¥135,140,896.11 in the previous period[72] - The net profit for the current period is ¥51,491,771.43, a decrease of 53.5% compared to ¥110,643,090.15 in the previous period[72] - The company's total comprehensive income for the current period is ¥50,901,544.02, significantly lower than ¥110,643,090.15 in the previous period[75] Cash Flow - Net cash flow from operating activities was negative CNY 430,237,516.10, down 26.98% year-on-year[8] - Cash flow from operating activities decreased by 43.87% year-on-year, mainly due to increased cash payments for goods and services[24] - Operating cash inflow totaled ¥4,217,860,831.04, up from ¥3,470,801,370.93, representing a 21.4% increase year-over-year[121] - Operating cash outflow increased to ¥5,731,016,047.23 from ¥4,522,528,687.63, resulting in a net cash flow from operating activities of -¥1,513,155,216.19, compared to -¥1,051,727,316.70 in the previous period[121] - Financing cash inflow rose significantly to ¥3,676,326,476.04 from ¥2,229,266,685.61, an increase of 65.3%[123] - Financing cash outflow increased to ¥2,021,738,541.11 from ¥1,502,322,917.84, resulting in a net cash flow from financing activities of ¥1,654,587,934.93, compared to ¥726,943,767.77[123] Assets and Liabilities - Total assets reached CNY 11,253,007,587.91, an increase of 11.03% compared to the end of the previous year[8] - As of September 30, 2019, the total current assets amounted to approximately CNY 8.43 billion, an increase of 6.35% from CNY 7.93 billion as of December 31, 2018[40] - Total non-current assets reached CNY 2.82 billion, up from CNY 2.21 billion, marking a growth of 27.77%[43] - Total liabilities increased to CNY 8.76 billion, compared to CNY 7.64 billion, an increase of 14.69%[46] - Long-term borrowings surged to CNY 2.77 billion, a significant increase from CNY 805 million, reflecting a growth of 244.73%[46] - Current liabilities decreased to CNY 5.99 billion from CNY 6.82 billion, a reduction of 12.19%[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,313[12] - The largest shareholder, the Xinjiang Uygur Autonomous Region People's Government, holds 46.51% of the shares[13] - The company did not engage in any repurchase transactions during the reporting period[16] Research and Development - R&D expenses increased by 205.99% year-on-year, mainly due to higher R&D expenditures in the current period[22] - Research and development expenses for the current period amount to ¥5,927,496.75, compared to ¥1,937,123.92 in the previous period, indicating increased investment in R&D[78] Other Financial Metrics - The company reported non-operating income of CNY 6,716,444.18 for the period[8] - Investment income decreased by 101.99% year-on-year, primarily due to significant investment income from subsidiary disposal in the previous year[22] - The company reported a credit impairment loss of ¥14,199,485.38, a decrease from ¥66,912,269.74 in the previous period[72] - The company incurred credit impairment losses of ¥26,929,380.78, compared to ¥79,342,031.63 in the previous period[1] Changes in Equity - Total equity decreased slightly to CNY 2.49 billion from CNY 2.50 billion, a decline of 0.04%[49] - The total equity of the company increased to ¥2,184,578,942.02 from ¥2,156,401,913.38, showing a growth of 1.31%[59] - The total equity attributable to shareholders was ¥2,257,981,433.47, showing a slight decrease of ¥643,195.78[143]