Financial Performance - The company reported a total revenue of 1,262,827,774 shares, with a cash dividend of 1.18 RMB per 10 shares (including tax) for all shareholders[6]. - The company's operating revenue for 2021 was ¥5,119,426,482.12, a decrease of 6.91% compared to ¥5,499,359,958.70 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥471,906,677.07, representing a 21.53% increase from ¥388,316,739.34 in 2020[29]. - The basic earnings per share for 2021 was ¥0.4519, an increase of 13.06% from ¥0.3997 in 2020[29]. - The total assets at the end of 2021 were ¥15,084,188,043.27, an increase of 5.57% from ¥14,288,383,746.20 at the end of 2020[29]. - The company reported a net profit of ¥212,178,072.81 in Q4 2021, which was the highest quarterly profit for the year[32]. - The company experienced a significant decline in cash flow in Q1 and Q2 2021, with net cash flows of -¥500,483,476.74 and -¥268,149,411.91 respectively[32]. - The weighted average return on equity for 2021 was 8.11%, up from 7.85% in 2020[29]. - The total operating revenue for 2021 was ¥5,119,426,482.12, a decrease of 6.91% compared to ¥5,499,359,958.70 in 2020[76]. - The engineering consulting segment contributed ¥4,850,140,975.88, accounting for 94.74% of total revenue, with a year-on-year decrease of 3.47%[76]. - The engineering contracting segment saw a significant decline of 45.10%, generating ¥246,750,978.09, which represented 4.82% of total revenue[76]. - The company reported a gross profit margin of 39.88% for the engineering consulting sector, which improved by 1.07% year-on-year[81]. - Revenue from environmental services increased by 15.38% to ¥88,397,302.88, representing 1.73% of total revenue[80]. - The company achieved a revenue of ¥1,896,540,221.49 from Jiangsu Province, which accounted for 37.05% of total revenue, showing a slight increase of 1.20%[80]. - Revenue from outside Jiangsu Province decreased by 15.46% to ¥2,547,407,114.56, making up 49.76% of total revenue[80]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,498.51 million[186]. Strategic Initiatives - The company plans to expand its market presence through new infrastructure projects, particularly in the fields of 5G, high-speed rail, and renewable energy[19]. - The company is focusing on technological innovation and digital transformation as part of its strategy for high-quality development[19]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the market[19]. - The company aims to leverage public-private partnerships (PPP) to facilitate infrastructure development projects[19]. - The company is committed to sustainable practices and social responsibility in its operations[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27]. - The company is expanding its business in smart city construction and underground space development, aligning with national strategic initiatives[48]. - The company is focusing on new infrastructure and carbon neutrality opportunities to accelerate the expansion of new businesses and create new growth points[133]. - The company has established a long-term development strategy aiming for CNY 100 billion in revenue by 2025, with a goal to enter the top 20 of the ENR global engineering design companies by 2030[127]. - The company is actively researching policies and market trends to mitigate risks associated with infrastructure investment and environmental regulations[132]. Research and Development - The company is investing in research and development for new products and technologies to drive growth[19]. - The company has over 900 national authorized patents and has participated in the formulation of 199 national, industry, and local standards[60]. - The company has developed two national key laboratories and over 30 provincial and ministerial-level research platforms, focusing on various fields including transportation and environmental engineering[60]. - The company has received over 450 awards for its research achievements at the national and provincial levels, showcasing its commitment to technological innovation[60]. - Research and development expenses for 2021 were ¥214,612,760.56, a decrease of 9.74% compared to the previous year[94]. - The company's R&D investment in 2021 was ¥229,229,053.77, representing 4.48% of operating revenue[98]. - The number of R&D personnel increased by 0.69% to 1,457, with 18.01% of the total workforce engaged in R&D[94]. Governance and Compliance - The company emphasizes the importance of maintaining accurate financial reporting and compliance with regulatory standards[6]. - The company has established a governance structure that complies with regulatory requirements, ensuring transparency and accountability in operations[141]. - The company has a performance evaluation and incentive mechanism for senior management, combining base salary with performance assessments[142]. - The company has committed to timely and accurate information disclosure, ensuring all shareholders have equal access to company information[145]. - The company maintains an independent business system and operational capability, with no overlapping business activities with its controlling shareholder[147]. - The company has a complete and independent financial management system, ensuring clear asset ownership and financial decision-making[147]. - The company’s governance structure aligns with legal and regulatory requirements, showing no significant discrepancies[146]. - The company has a structured approach to management, with clear roles and responsibilities across its executive team, enhancing operational effectiveness[170][173]. Market Position and Competitive Advantage - The company is positioned to benefit from the projected construction of over 70,000 kilometers of the national comprehensive transportation network by 2035[44]. - The company is expected to maintain a leading position in the engineering consulting industry due to its strong research capabilities and market share[42]. - The company has established itself as a leading engineering consulting firm in China, ranking 7th in the "Top 60 Engineering Design Enterprises in China" and 56th in the "Top 150 Global Engineering Design Firms" by ENR in 2021[59]. - The company has a strong market position and competitive advantage in research capabilities, business technology, and brand recognition within the engineering consulting industry[59]. - The company has a diverse management team with advanced degrees and extensive industry experience, including roles in various subsidiaries and departments[169][170][171][172][173][176][177]. Risk Management - Future outlook includes addressing potential risks and implementing countermeasures as detailed in the management discussion section[6]. - The company is monitoring goodwill impairment risks associated with acquisitions, which could impact future performance if integration is unsuccessful[136]. - The company has implemented a risk management mechanism to monitor currency exchange rates and mitigate potential financial impacts[136]. - Accounts receivable and contract assets are increasing, posing a risk to cash flow and operational efficiency; the company plans to enhance management and recovery measures[133]. Shareholder Engagement - The company held four shareholder meetings in 2021, with participation rates of 45.43%, 37.16%, 35.14%, and 50.66% respectively[152][155]. - The company’s board members attended a total of 5 shareholder meetings, demonstrating active engagement in corporate governance[191]. - The company has established a robust communication framework with stakeholders to balance interests among shareholders, employees, and society[146].

苏交科集团股份有限公司 2021 年第三季度报告 1 证券代码：300284 证券简称：苏交科 公告编号：2021-093 苏交科集团股份有限公司 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。 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 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------|--------------------------|------ ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan for the first half of 2021, representing a year-on-year growth of 15%[1]. - The company's operating revenue for the first half of 2021 was approximately ¥1.98 billion, a decrease of 9.87% compared to the same period last year[45]. - Net profit attributable to shareholders was approximately ¥144.39 million, an increase of 30.23% year-on-year[45]. - The net profit after deducting non-recurring gains and losses was approximately ¥141.02 million, reflecting a year-on-year increase of 13.68%[45]. - The company anticipates a revenue growth forecast of 10% for the second half of 2021, driven by increased demand for infrastructure projects[1]. - The company achieved operating revenue of 1.98 billion yuan, a decrease of 9.9% compared to the same period last year, while net profit attributable to shareholders increased by 30.2% to 140 million yuan[66]. - Total revenue from engineering consulting was ¥1,851,793,440.27, down 9.34% year-over-year, with a gross margin of 33.02%[91]. - Total revenue from engineering contracting was ¥124,684,241.57, down 17.00% year-over-year, with a gross margin of -3.00%[91]. User and Market Growth - The number of active users for the company's services reached 5 million, an increase of 20% compared to the previous year[1]. - The company plans to expand its market presence by entering three new provinces and targeting international markets, aiming for a 25% increase in market share by the end of 2022[1]. - The company is focusing on expanding its market presence in new infrastructure projects, including 5G and AI[34]. - The company aims to expand its international presence, having established subsidiaries in Angola, Malaysia, and Sri Lanka, and formed strategic alliances with international firms[86]. Research and Development - The company has allocated 200 million yuan for research and development of new technologies, focusing on smart transportation and environmental solutions[1]. - The company is actively involved in new product development and technology research, enhancing its service offerings in the engineering sector[56]. - The company has established five research platforms and holds over 50 patents and software copyrights in environmental monitoring and energy consumption analysis[128]. - The company obtained 49 authorized patents during the reporting period, including 10 invention patents, and received 24 provincial and ministerial awards for its projects[71]. Acquisitions and Investments - The company has successfully completed two acquisitions in the environmental sector, which are expected to contribute an additional 300 million yuan in annual revenue[1]. - Future outlook includes continued investment in technology innovation and potential mergers and acquisitions to enhance competitive advantage[34]. - The company made investments totaling ¥26,092,567.48 during the reporting period, a 317.48% increase compared to ¥6,250,000.00 in the previous period[101]. Financial Management - The company will not distribute cash dividends or issue new shares, opting to reinvest profits into business expansion and technology development[1]. - The company has implemented measures to manage accounts receivable, aiming to reduce overdue accounts by 15% by the end of the fiscal year[1]. - The company is enhancing its internal control systems to mitigate risks associated with mergers and acquisitions, ensuring effective integration of new businesses[1]. - The company's cash collection reached 2.05 billion yuan, an increase of 8.2% year-on-year, with domestic engineering consulting cash collection showing double-digit growth[66]. Corporate Governance and Social Responsibility - The company emphasizes stakeholder interests, ensuring fair and transparent communication with shareholders and maintaining a robust corporate governance structure[129]. - The company has established a worker representative system to safeguard employee rights and promote their participation in management[132]. - The company donated 10,000 yuan to the Nanjing Disabled Persons Welfare Foundation in the first half of 2021, reflecting its commitment to social responsibility[133]. Environmental Initiatives - The company's environmental business is a key strategic focus, encompassing services such as wastewater treatment, solid waste management, and pollution site remediation[128]. - The company actively participates in the Jiangsu provincial carbon peak and carbon neutrality action plan, contributing to the development of implementation strategies[128]. - Jiangsu Transportation Carbon Peak and Carbon Neutrality Research projects successfully obtained funding from Jiangsu Provincial Department of Transportation, supporting the "Zero Carbon Port" initiative[77]. Shareholder Information - The total number of shares increased from 971,405,980 to 971,405,980, with no new shares issued or repurchased, maintaining a 0.00% change[190]. - The largest shareholder, Fu Guanhua, holds 21.01% of the shares, totaling 204,126,710 shares, with 110,967,599 shares pledged[199]. - The company has complied with relevant regulations regarding shareholding and board member resignations, ensuring transparency in ownership changes[190].

Financial Performance - The company reported a revenue of 971,405,980, with a cash dividend of 1.18 RMB per 10 shares (including tax) to all shareholders[20]. - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year growth of 15%[31]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[31]. - The company's operating revenue for 2020 was ¥5,499,359,958.70, a decrease of 7.84% compared to ¥5,967,186,073.71 in 2019[38]. - The net profit attributable to shareholders for 2020 was ¥388,316,739.34, down 46.34% from ¥723,613,380.32 in 2019[38]. - The net profit after deducting non-recurring gains and losses was ¥346,031,869.13, a decline of 51.59% from ¥714,837,959.27 in 2019[38]. - The gross margin for 2020 was reported at 30%, with efforts to improve this to 35% by optimizing operational efficiency[31]. - The cash dividend for 2020 represents 29.52% of the net profit attributable to ordinary shareholders, which was 388,316,739.34 CNY[161]. - The company achieved a revenue of CNY 5.5 billion in 2020, a decrease of 7.8% compared to the previous year, and a net profit of CNY 390 million, down 46.3% year-on-year[79]. Market Expansion and Strategy - The company is actively expanding its international market presence, particularly after acquiring EPTISA in Spain, leading to an increasing proportion of foreign sales revenue[20]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in international revenue[31]. - The company is pursuing strategic acquisitions and investments to expand into new sectors such as environmental services and smart transportation[17]. - The company aims to enhance its market presence through strategic expansions in engineering consulting and contracting services[51]. - The company has expanded its international presence with subsidiaries in Angola, Malaysia, and Sri Lanka, and formed a strategic alliance with Spain's EPTISA[75]. Risks and Challenges - The company faces risks related to policy changes in infrastructure investment and environmental regulations, which could impact its performance[7]. - The COVID-19 pandemic has adversely affected the company's operations, especially in engineering and overseas business, with ongoing uncertainties regarding its impact[12]. - The company acknowledges the risk of exchange rate fluctuations affecting its consolidated financial results due to increasing international sales[20]. - The company has experienced growth in accounts receivable and contract assets, posing a risk of potential bad debts affecting cash flow[16]. Research and Development - The company is investing RMB 300 million in R&D for new technologies in smart infrastructure over the next three years[31]. - The company has launched 46 research projects, including key technologies for disaster assessment and green technology for underwater tunnels[79]. - The company continues to focus on innovation, having obtained 153 patents in 2020, including 19 invention patents[79]. - The company has committed to improving its research and design capabilities to meet future demands[124]. Acquisitions and Investments - The company has initiated a stock issuance plan to specific targets, which has been approved by the board and requires further regulatory approvals[8]. - The company acquired 83.58% of Xiamen Municipal Engineering Design Institute Co., Ltd. for a total consideration of 15,990.3 million[124]. - The acquisition of 85% of Beijing Zhongtie Ruiwei Foundation Engineering Co., Ltd. was completed, with a total consideration of 3,946 million[124]. - The company acquired 70% equity in Hangzhou Hualong Transportation Survey and Design Co., Ltd. for 36.36 million yuan using raised funds[127]. Corporate Governance and Shareholder Commitments - The company has made a commitment to avoid related party transactions that could harm the interests of the company and its shareholders[174]. - The company’s major shareholders have committed to not transferring shares exceeding 25% of their total holdings during their tenure and for six months after leaving office[173]. - The company has a long-term commitment to avoid competition with its subsidiaries for at least five years following the completion of the transaction[173]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be distributed as cash dividends annually, barring significant investment plans[154]. Operational Efficiency and Management - The company completed IT management system construction with cumulative investment in information systems accounting for over 90% of total IT investment since its listing[84]. - The company launched new customer management, project management, human resources, and financial reimbursement systems, significantly improving organizational management efficiency[84]. - The company’s digital construction capabilities rapidly improved in 2020, with a focus on big data analysis and decision-making capabilities[84]. Awards and Recognition - The company ranked 7th in the "Top 60 Chinese Engineering Design Enterprises" in 2020 and was recognized as the 6th most internationally competitive engineering design enterprise[62]. - The company has been recognized multiple times for its innovation and technology capabilities, including being named a "National Torch Plan Key High-tech Enterprise" in 2006 and 2008[68]. - The company received 40 provincial-level awards, including two first prizes from the China Highway Society Science and Technology Award[79].

苏交科集团股份有限公司 2021 年第一季度报告全文 苏交科集团股份有限公司 2021 年第一季度报告 2021-031 2021 年 04 月 1 苏交科集团股份有限公司 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。 公司负责人李大鹏、主管会计工作负责人潘岭松及会计机构负责人(会计主 管人员)陈帮文声明：保证季度报告中财务报表的真实、准确、完整。 2 苏交科集团股份有限公司 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 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|---------------------------| | □ 是 √ 否 ...

Financial Performance - Operating revenue for the reporting period was ¥1,332,106,202.40, a decrease of 5.45% year-on-year[10] - Net profit attributable to shareholders was ¥97,742,646.76, down 51.90% compared to the same period last year[10] - Basic earnings per share decreased by 51.91% to ¥0.1006[10] - The net cash flow from operating activities was ¥57,881,363.31, a decrease of 4.32%[10] - The weighted average return on net assets was 2.04%, down 2.57% year-on-year[10] - Total operating revenue for the third quarter was CNY 1,332,106,202.40, a decrease from CNY 1,408,948,300.10 in the previous period[60] - The company's operating revenue for the current period is ¥1,605,757,106.19, a decrease of 17.4% compared to ¥1,945,856,581.10 in the previous period[88] - The net profit for the current period is ¥219,194,027.78, down 48.9% from ¥428,368,212.85 in the previous period[80] - The total profit for the current period is ¥276,683,958.28, a decrease of 47.1% from ¥522,895,149.89 in the previous period[80] - The total comprehensive income for the current period is ¥249,442,065.28, compared to ¥398,807,772.53 in the previous period, reflecting a decrease of 37.5%[84] Assets and Liabilities - Total assets at the end of the reporting period reached ¥13,697,239,942.62, an increase of 2.59% compared to the end of the previous year[10] - Total current assets increased to ¥10,822,708,181.14, up 4.4% from ¥10,367,342,112.06 at the end of 2019[42] - Total liabilities amounted to ¥8,450,930,545.58, an increase of 3.0% from ¥8,204,291,283.48 at the end of 2019[48] - The company's total equity increased to ¥5,246,309,397.04, up 1.9% from ¥5,146,847,705.66 at the end of 2019[51] - The total assets of the company reached CNY 9,493,454,418.82, up from CNY 9,100,422,136.32[58] - Current liabilities rose to CNY 5,494,476,534.63 from CNY 5,030,085,110.35[58] - The company's total liabilities increased to CNY 6,037,836,958.22 from CNY 5,591,945,383.33[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,788[14] - The largest shareholder, Fu Guanhua, held 21.01% of the shares, totaling 204,126,710 shares[14] Cash Flow - Cash and cash equivalents at the end of the period stood at CNY 1,466,909,951.92, up from CNY 981,340,786.68 year-over-year[97] - Operating cash inflow totaled CNY 3,029,068,608.00, an increase from CNY 2,984,310,370.68 in the previous period[94] - Cash received from sales of goods and services was CNY 2,928,387,547.75, slightly up from CNY 2,899,061,954.30[94] - Cash outflow for purchasing goods and services was CNY 1,240,048,435.75, an increase from CNY 1,086,357,121.96[94] Changes in Assets - Trading financial assets decreased by 30.41% due to a decline in the fair value of investment financial assets[25] - Accounts receivable decreased by 30.14%, primarily due to an increase in bill settlements[25] - Prepaid accounts increased by 45.86%, mainly due to labor settlements[25] - Inventory increased by 74.09%, attributed to an increase in unsettled project costs[25] - Other receivables increased by 60.57%, mainly due to an increase in advance payments and inter-company transactions[25] - Other current assets increased by 45.45%, primarily due to an increase in prepaid taxes and rent[25] - Long-term receivables decreased by 47.69%, mainly due to transfers to current assets[25] - Accounts payable increased by 61.22%, primarily due to an increase in bill settlements[25] - Estimated liabilities increased by 803.28%, mainly due to expected litigation expenses[25] Research and Development - The research and development expenses for the current period amount to CNY 28,364,139.00, an increase from CNY 23,240,302.90 in the previous period[70] - Research and development expenses for the current period are ¥66,235,349.93, down from ¥73,210,000.16 in the previous period, indicating a reduction of 9.5%[88] Other Income and Expenses - Non-operating income included government subsidies amounting to ¥16,516,082.62[12] - The income tax expense for the current period is CNY 9,632,964.57, down from CNY 41,221,659.93 in the previous period[66] - The investment income for the current period is CNY 6,012,898.25, an increase from CNY 3,558,839.06 in the previous period[70] - The company reported a credit impairment loss of ¥179,991,745.93, compared to ¥169,579,610.18 in the previous period, showing an increase of 6.4%[80] Comprehensive Income - Other comprehensive income increased by 129.85%, primarily due to exchange rate fluctuations[25] - The other comprehensive income after tax for the current period is CNY 13,335,115.17, compared to a loss of CNY 14,189,400.98 in the previous period[69]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately CNY 2.19 billion, representing a 3.99% increase compared to CNY 2.11 billion in the same period last year[37]. - The net profit attributable to shareholders decreased by 49.61% to approximately CNY 110.87 million, down from CNY 220.02 million in the previous year[37]. - The net cash flow from operating activities improved by 8.23%, reaching approximately CNY -591.90 million, compared to CNY -645.02 million in the same period last year[37]. - Basic earnings per share fell by 49.62% to CNY 0.1141, down from CNY 0.2265 in the previous year[37]. - Total assets at the end of the reporting period were approximately CNY 13.23 billion, a decrease of 0.89% from CNY 13.35 billion at the end of the previous year[37]. - The net assets attributable to shareholders decreased by 0.33% to approximately CNY 4.80 billion, compared to CNY 4.82 billion at the end of the previous year[37]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was approximately CNY 124.05 million, down 43.58% from CNY 219.87 million in the previous year[37]. - The weighted average return on net assets was 2.29%, down from 5.13% in the previous year, indicating a decline in profitability[37]. - The company's gross profit margin for engineering consulting services decreased by 5.56% to 32.73%[88]. Business Strategy and Expansion - The company plans to accelerate its layout in new infrastructure sectors to create new business growth points, leveraging the government's push for new infrastructure development[10]. - The company has expanded its business scope through investments and acquisitions, including entering environmental services, smart transportation, and sponge city projects, with a focus on international markets[16]. - The company is actively pursuing new infrastructure investments, particularly in smart transportation and big data, in response to the national "new infrastructure" investment strategy[72]. - The company aims to leverage the "new infrastructure" investment strategy to enhance its business and mitigate the adverse effects of the COVID-19 pandemic[54]. - The company has established five major base markets, focusing on localized layout adjustments, which contributed to the growth of business undertaking amounts and operating cash flow[73]. - The company has established a standardized management process for bidding and project management to enhance its competitive edge in the engineering consulting market[53]. Research and Development - The company emphasizes the importance of continuous product innovation and maintains a high R&D investment ratio to meet customer demands and sustain competitive advantages[17]. - Research and development investment rose by 8.47% to ¥81,389,798.90 from ¥75,034,831.87, reflecting increased investment in R&D projects[84]. - The company has focused its R&D efforts on four key areas of road materials: high-performance asphalt pavement materials, epoxy resin road materials, low-energy road materials, and asphalt emulsion products, with a total investment budget of CNY 51.7 million[116]. - The company plans to enhance its R&D capabilities by acquiring new equipment, including dynamic shear rheometers and torque rheometers for asphalt materials, and differential scanning calorimeters and thermogravimetric analyzers for epoxy materials[116]. - The company has established two national-level research platforms and has undertaken over 510 national and provincial-level research projects, resulting in 717 authorized patents[62]. Acquisitions and Mergers - The company has acquired EPTISA, a Spanish design consulting firm, which has increased its overseas business proportion, leading to exposure to foreign exchange risks[20]. - The company is committed to improving post-merger integration processes to ensure the success of acquisitions and maintain competitive advantages[18]. - The company has completed the acquisition of 70% equity in Sujiao Science and Technology (Zhejiang) Engineering Design Co., with a total investment of CNY 36.36 million[101]. - The acquisition of 83.58% equity in Xiamen Municipal Engineering Design Institute was completed, with an investment of CNY 159.90 million[101]. - The company has received approval for multiple acquisitions, indicating a strategy focused on market expansion through mergers and acquisitions[109][110]. Risk Management - The company is enhancing its accounts receivable management to mitigate risks associated with increasing receivables as business scales up[12]. - The company is actively monitoring policy changes related to infrastructure investment and environmental regulations to minimize policy-related risks[11]. - The company is implementing measures to manage foreign exchange risks, particularly concerning the euro and RMB against the USD[21]. - The company is actively monitoring and managing its investments to ensure compliance with financial agreements and to mitigate risks associated with its subsidiaries[198]. Social Responsibility and Community Engagement - The company has a strong focus on social responsibility, actively supporting poverty alleviation initiatives through designated funding[188]. - The company established a targeted poverty alleviation fund with an initial investment of 20 million yuan, committing to donate at least 2% of the fund's profits annually, amounting to 400,000 yuan, to support poverty alleviation efforts[194]. - The company plans to continue its poverty alleviation initiatives through industry development, education support, and medical assistance, fulfilling its social responsibility[194]. - The company faced challenges due to the COVID-19 pandemic but actively contributed through donations and insurance support to aid in pandemic prevention and recovery efforts[194]. - The company has committed to enhancing infrastructure in rural areas as part of its poverty alleviation strategy[194]. Operational Challenges - The company reported a significant impact on operations due to the pandemic, particularly in engineering surveying and comprehensive testing, with overseas business being heavily affected[7]. - The company has faced challenges due to the COVID-19 pandemic, which has led to project delays and a slowdown in new project initiations[54]. - The company is focused on maintaining its operational integrity and financial health during the ongoing economic challenges posed by the pandemic[194].

苏交科集团股份有限公司 2020 年第一季度报告全文 苏交科集团股份有限公司 2020 年第一季度报告 2020-023 2020 年 04 月 1 苏交科集团股份有限公司 2020 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。 公司负责人李大鹏、主管会计工作负责人潘岭松及会计机构负责人(会计主 管人员)陈帮文声明：保证季度报告中财务报表的真实、准确、完整。 2 苏交科集团股份有限公司 2020 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|---------------------------|-------|---------------------------|--------- ...

Financial Performance - The company's operating revenue for 2019 was ¥5,967,186,073.71, a decrease of 15.12% compared to ¥7,030,133,265.50 in 2018[34]. - Net profit attributable to shareholders for 2019 was ¥723,613,380.32, an increase of 16.10% from ¥623,281,465.56 in 2018[34]. - The net profit after deducting non-recurring gains and losses was ¥714,837,959.27, up 36.93% from ¥522,053,302.86 in the previous year[34]. - The net cash flow from operating activities reached ¥684,610,892.27, a significant increase of 1,027.68% compared to ¥60,709,508.94 in 2018[34]. - Basic earnings per share for 2019 were ¥0.7449, reflecting a growth of 16.08% from ¥0.6417 in 2018[34]. - Total assets at the end of 2019 amounted to ¥13,351,138,989.14, representing an increase of 8.95% from ¥12,253,979,388.78 at the end of 2018[34]. - Net assets attributable to shareholders increased by 13.60% to ¥4,819,734,076.60 from ¥4,242,573,289.98 in 2018[34]. - The company maintained a weighted average return on equity of 16.00% for 2019, slightly up from 15.71% in 2018[34]. - The company's total revenue for 2019 was CNY 5,967,186,073.71, representing a decrease of 15.12% compared to CNY 7,030,133,265.50 in 2018[87]. - Engineering consulting revenue accounted for 89.13% of total revenue, totaling CNY 5,318,663,152.81, down 13.23% from the previous year[87]. - The environmental business saw a significant decline, with revenue dropping 92.38% to CNY 96,526,811.14 from CNY 1,267,130,756.33 in the previous year[87]. Cash Dividends - The company plans to distribute cash dividends of 1.5 RMB per 10 shares to all shareholders, based on a total of 971,405,980 shares[18]. - The cash dividend for 2019 represents 20.14% of the net profit attributable to ordinary shareholders, which was 723,613,380.32 CNY[164]. - The company has a differentiated cash dividend policy based on its development stage and capital expenditure plans, with minimum cash dividend ratios of 80%, 40%, and 20% for different scenarios[155]. - The cash dividend amount for 2017 was 92,514,855.36 CNY, which was 19.94% of the net profit attributable to ordinary shareholders[163]. - The cash dividend amount for 2018 was 113,330,697.76 CNY, which was 18.18% of the net profit attributable to ordinary shareholders[163]. - For 2019, the proposed cash dividend is 1.50 CNY per 10 shares, amounting to 145,710,897.00 CNY, pending shareholder approval[163]. - The company ensures that independent directors fulfill their responsibilities and that minority shareholders have the opportunity to express their opinions during the dividend decision-making process[159]. Business Expansion and Strategy - The company has expanded its business scope into environmental services, intelligent transportation, sponge city projects, and electricity, with a focus on international markets following the acquisition of EPTISA in Spain in 2016[11]. - The company acknowledges the impact of national infrastructure investment policies on its performance and is adapting its strategies to align with macroeconomic policy directions[7]. - The company plans to leverage government policies promoting infrastructure investment, particularly in "new infrastructure" such as 5G and artificial intelligence, to enhance its business opportunities[147]. - The company is focusing on new infrastructure projects, increasing investment in R&D and innovation to support economic transformation[81]. - The company has established overseas subsidiaries in Angola, Malaysia, and Sri Lanka, and completed a strategic alliance with Eptisa in Spain[66]. Research and Development - The company emphasizes the importance of continuous product innovation and maintains a high ratio of R&D investment to meet customer demands and sustain competitive advantages[14]. - The total R&D expenditure for 2019 was 275,514,307.61 CNY, representing 4.62% of operating revenue, an increase from 3.32% in 2018[101]. - The company has established two national key laboratories and 30 provincial-level research platforms, focusing on various engineering fields[63]. - The company has been awarded 717 national patents and has participated in the formulation of 128 national and industry standards[63]. - The company was involved in 74 research projects, including key projects such as "Intelligent Network Monitoring and Early Warning of Road Facilities" and "Key Technology Research and Application for Highway Reconstruction under Heavy Traffic Conditions"[73]. Risk Management - The company is actively managing foreign exchange risks due to increased overseas business, particularly after the acquisition of EPTISA, which has led to a higher proportion of foreign currency transactions[18]. - The company is enhancing its internal control systems and management levels to mitigate risks associated with mergers and acquisitions, ensuring effective integration of acquired companies[11]. - The company is aware of the risks associated with goodwill impairment from acquisitions and is committed to closely monitoring the performance of acquired entities[15]. - The company is implementing measures to strengthen accounts receivable management, linking performance evaluation to collection efficiency[10]. Operational Efficiency - The company has a strong focus on cash flow management and cost control, improving its bargaining power with suppliers[71]. - The company experienced a decrease in management expenses by 20.58% to 551,711,556.96 CNY, attributed to the exclusion of the US subsidiary[99]. - The total cash inflow from investment activities significantly decreased by 98.25% to 17,588,250.41 CNY, compared to 1,005,629,562.92 CNY in 2018[105]. - The total cash outflow from financing activities increased by 81.20% to 3,678,740,553.89 CNY, compared to 2,030,250,139.63 CNY in the previous year[105]. Market Position - The company is positioned as a leading player in the domestic engineering consulting market, ranking high in revenue and net profit among peers[55]. - The company ranked 46th in the "Top 150 Global Engineering Design Firms" and 44th in the "International Engineering Design Firms" by ENR in 2019[72]. - The company was recognized as the 6th in the "Top 60 Engineering Design Firms in China" and received the 3rd place for "Most Internationally Expansive Engineering Design Firm" in 2019[72]. Compliance and Governance - The company has adhered to its commitments regarding the non-occupancy of funds and fair trading practices[184]. - The company is in compliance with all long-term commitments made by major shareholders to avoid conflicts of interest[185]. - The company has appointed Tianheng Accounting Firm (Special General Partnership) for auditing services, with a remuneration of 1.5 million yuan[194]. - The internal control report for the year 2019 was verified by Tianheng Accounting Firm, confirming effective internal controls related to financial statements[194]. - There were no significant lawsuits or arbitration matters during the reporting period[196].

Financial Performance - Operating revenue for the reporting period was CNY 1,408,948,300.10, representing a decline of 18.16% year-on-year[9] - Net profit attributable to shareholders was CNY 203,222,070.06, an increase of 10.98% compared to the same period last year[9] - Basic earnings per share for the reporting period were CNY 0.2092, reflecting a growth of 10.98% year-on-year[9] - The weighted average return on net assets was 4.61%, a decrease of 0.14% compared to the previous year[9] - The net cash flow from operating activities was negative at CNY -584,518,828.40 for the year-to-date[9] - Total operating revenue for the current period was ¥1,408,948,300.10, a decrease of 18.2% compared to ¥1,721,579,453.19 in the previous period[63] - Net profit for the current period was ¥201,971,476.56, an increase of 7.4% compared to ¥187,892,815.71 in the previous period[66] - The total profit for the current period is CNY 522,895,149.89, up from CNY 471,200,146.54, reflecting a growth of 10.9%[83] - Operating income for the current period is CNY 1,945,856,581.10, a decrease of 2.0% from CNY 1,985,618,341.29 in the previous period[88] - The company reported a decrease in operating costs to CNY 1,254,767,821.87 from CNY 1,320,769,200.57, representing a reduction of 5.0%[88] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,488[14] - The largest shareholder, Fu Guanhua, held 21.01% of the shares, amounting to 204,126,710 shares[14] - The company did not engage in any repurchase transactions during the reporting period[16] - The total number of restricted shares at the beginning of the period was 318,343,196, with 10,305,200 shares released during the period, resulting in 308,037,996 restricted shares at the end of the period[24] - The largest shareholder, 符冠华, holds 158,696,782 shares, which remains unchanged during the period[18] - The second largest shareholder, 王军华, holds 107,673,652 shares, also unchanged during the period[18] - The company has a high executive lock-up policy, with 25% of shares unlocking annually for certain executives[18] - The total number of shares held by the top 10 shareholders remains stable, indicating strong insider confidence[18] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 11,937,535,526.73, a decrease of 2.58% compared to the end of the previous year[9] - The company's total assets as of September 30, 2019, were ¥11,937,535,526.73, down from ¥12,253,979,388.78, a decrease of approximately 2.57%[52] - Total liabilities decreased to ¥7,837,606,658.89 from ¥8,707,956,594.71, reflecting a reduction of about 10%[49] - The company's equity attributable to shareholders increased to ¥4,522,949,193.80 from ¥4,242,573,289.98, showing an increase of about 6.6%[52] - The company's short-term borrowings decreased to ¥2,425,321,244.42 from ¥2,483,473,182.20, a decline of approximately 2.3%[46] - The long-term borrowings increased to ¥593,295,480.00 from ¥372,400,000.00, indicating a rise of about 59.1%[49] Cash Flow and Investments - Cash and cash equivalents decreased by 43.91% due to increased operational investment[29] - The company's cash and cash equivalents decreased to ¥1,487,017,172.37 from ¥2,651,218,445.78, representing a decline of about 43.5%[43] - The cash flow from operating activities decreased to CNY 2,899,061,954.30 from CNY 4,121,073,875.35, a decline of 29.6%[96] - Investment cash outflow reached CNY 244,714,087.60, compared to CNY 300,780,499.55 in the previous year[102] - Net cash flow from investing activities was CNY -223,871,918.77, an improvement from CNY -259,130,479.29 year-over-year[102] - Financing cash inflow totaled CNY 2,559,941,202.90, up from CNY 2,409,490,736.39 in the previous period[102] - Financing cash outflow was CNY 3,299,515,732.72, compared to CNY 1,888,599,112.49 in the prior year[102] - The ending balance of cash and cash equivalents was CNY 981,340,786.68, down from CNY 648,604,027.61 in the previous period[102] Research and Development - Research and development expenses for the current period were ¥53,557,516.44, an increase of 34.7% from ¥39,785,550.84 in the previous period[63] - Research and development expenses increased to CNY 73,210,000.16, up from CNY 67,908,626.33, indicating a rise of 7.0%[90] Other Financial Metrics - Other comprehensive income decreased by 300.16% primarily due to exchange rate fluctuations[29] - Financial expenses decreased by 36.40% mainly due to foreign exchange gains[29] - The company reported a significant credit impairment loss of ¥64,012,773.56 during the current period[74] - The company experienced a significant increase in financial expenses, rising to CNY 63,413,786.31 from CNY 17,789,119.50, which is an increase of 256.0%[90] - The third quarter report was not audited, which may affect the reliability of the financial data presented[132]