CJJG(SH:600496)2017-04-17 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 109,573,130.80 in 2016, a decrease of 42.81% compared to RMB 191,590,597.97 in 2015[2]. - Operating revenue for 2016 was RMB 6,070,761,810.50, down 15.75% from RMB 7,205,337,401.57 in 2015[17]. - Basic earnings per share decreased by 42.82% to RMB 0.0725 in 2016 from RMB 0.1268 in 2015[19]. - The company's net profit attributable to shareholders was 110 million yuan, a year-on-year decrease of 42.81%[41]. - The company's EBITDA decreased by 30.85% from 448,799,835.82 RMB in 2015 to 310,341,781.83 RMB in 2016[177]. - The company reported a net profit of CNY 1.663 billion in retained earnings, an increase from CNY 1.585 billion at the beginning of the year[188]. - Total revenue for the year 2016 was CNY 6,070,761,810.50, a decrease of 15.7% compared to CNY 7,205,337,401.57 in the previous year[193]. - Net profit for 2016 was CNY 109,764,618.50, a decline of 42.7% from CNY 191,596,013.04 in the previous year[193]. Cash Flow and Assets - The company's cash flow from operating activities increased by 81.68% to RMB 844,245,262.06 in 2016, compared to RMB 464,686,346.15 in 2015[17]. - The company's cash flow from investment activities was negative CNY 460,585,294.33, a 35.97% increase in outflow compared to the previous period[66]. - The total assets of the company at the end of 2016 were RMB 10,647,048,647.32, an increase of 1.95% from RMB 10,443,767,624.66 in 2015[18]. - The company's cash and cash equivalents were CNY 1.231 billion, up from CNY 996.81 million at the beginning of the year[186]. - The total liabilities of the company were CNY 6.878 billion, slightly down from CNY 6.904 billion at the beginning of the year[187]. - The company's total equity reached CNY 3.769 billion, compared to CNY 3.540 billion at the beginning of the year[188]. Business Operations and Projects - The company secured 313 new projects, a year-on-year increase of 13.41%[41]. - The company undertook significant projects including the Beijing New Airport Terminal and the Hainan Evergrande International Conference Center[42]. - The company has established itself as a leader in the steel structure industry, consistently ranking first in output value from 2006 to 2015[34]. - The company actively expanded overseas markets, undertaking projects such as the Astana New International Airport and Angola International Airport[46]. - The company completed major contracts including the Jeddah King Abdulaziz International Airport project valued at 88.7 million USD and the Xinjiang International Convention and Exhibition Center project valued at 530 million RMB[123]. Research and Development - The company’s R&D expenditure was CNY 213.92 million, reflecting a decrease of 15.08% compared to the previous year[52]. - The company received 43 patent applications and 15 patent grants during the reporting period, along with 40 utility model patents granted[48]. - The company successfully developed the BIM information management platform V2.0, enhancing project management capabilities and integrating IoT technology with BIM models[48]. Market and Industry Trends - The steel structure industry in China has significant growth potential, with a target to increase the steel structure usage in construction from 10% to over 25% by 2020[32]. - The government has introduced policies to promote prefabricated buildings, aiming for 30% of new constructions to be prefabricated within ten years[33]. - The competitive landscape in the steel structure industry is expected to intensify, especially in the low-end market[98]. Shareholder and Governance - The company has established a cash dividend policy, ensuring a minimum annual cash distribution of at least 10% of the available profit for distribution to shareholders, with a cumulative distribution of at least 30% over three years[104]. - The total remuneration for the board members and senior management during the reporting period amounted to 688.64 million yuan[145]. - The company has implemented measures to prevent insider trading, including training for directors and senior management on confidentiality and insider information management[162]. Social Responsibility - The company actively engaged in social responsibility initiatives, contributing 177.35 million RMB in funds for poverty alleviation efforts[127]. - The company plans to continue supporting charitable initiatives and poverty alleviation projects in the future[128].