2014-03-28 16:00Financial Performance - The company reported a net profit of CNY 2,747,375,542.38 for the year 2013, with a total distributable profit of CNY 6,260,571,383.45 after statutory reserve allocation[5]. - Operating revenue for the year exceeded 500 billion yuan, totaling 586.7896 billion yuan, representing a year-on-year increase of 21.16%[29]. - Net profit for the year reached 10.4394 billion yuan, marking a significant milestone as it was the first time net profit exceeded 10 billion yuan[37]. - Basic earnings per share rose to 0.84 yuan, reflecting a 20% increase compared to the previous year[30]. - The company achieved operating revenue of 586.79 billion yuan in 2013, representing a year-on-year growth of 21.16%[52]. - The total profit for the engineering contracting segment increased by 21.10% to CNY 6.50 billion in 2013[91]. - The company reported a significant decline in net cash flow from operating activities, which was -9.31398 billion yuan, a decrease of 297.34% year-on-year[29]. - The company reported a significant reduction in other current liabilities by 60.46%, down to 8,689.64 million yuan[107]. Dividends and Shareholder Returns - A cash dividend of CNY 0.13 per share (including tax) will be distributed, totaling CNY 1,603,880,395.00 based on the total share capital of 12,337,541,500 shares[5]. - For 2013, the company plans to distribute cash dividends of 0.13 CNY per share, amounting to 1,603,880,395 CNY, which represents 15.50% of the net profit attributable to shareholders[191]. - The proposed cash dividend distribution ratio to the net profit attributable to shareholders is below 30% due to the company's ongoing development phase and increased capital investment needs in various sectors[192]. - The board of directors approved the profit distribution plan, emphasizing the balance between investor returns and sustainable company development[194]. - The independent directors agreed with the profit distribution plan, stating it aligns with the company's long-term interests and does not harm minority shareholders[194]. Business Operations and Expansion - The company operates in 31 provinces, autonomous regions, and municipalities in China, as well as in 69 countries worldwide[15]. - The company plans to continue expanding its business in high-speed rail, highways, bridges, tunnels, and urban rail transit engineering[15]. - The company is actively pursuing opportunities in infrastructure investment and international expansion, particularly in the context of China's "Belt and Road" initiative[40]. - The company has established a new group focused on housing construction to capitalize on urbanization trends, further diversifying its business operations[48]. - The company aims to enhance its market share and ensure stable growth through aggressive market development and risk management[176]. Awards and Recognition - The company ranked 1st in the "ENR Top 250 Global Contractors" list for 2013 and 100th in the "Fortune Global 500" list[14]. - The company has received 505 national-level awards in engineering contracting and design consulting since the 1980s, including 66 National Science and Technology Progress Awards[15]. - The company received an A- credit rating from S&P, the highest credit rating in the global construction industry[37]. Research and Development - Research and development expenses totaled 76.79 billion yuan, an increase of 16.59% compared to 2012, accounting for 1.31% of operating revenue[66]. - The company has made significant progress in technology innovation, winning 3 national science and technology progress awards and 17 national quality engineering awards during the reporting period[49]. - The company will focus on technology innovation to improve core competitiveness and strengthen its non-engineering contracting business[176]. Financial Position and Assets - The company's total assets increased by 15.05% year-on-year, reaching 553.0186 billion yuan[29]. - The net assets attributable to shareholders increased by 12.73% year-on-year, totaling 80.9869 billion yuan[29]. - The total amount of unfinished contracts at the end of 2013 was 1,743.7711 billion yuan, reflecting a year-on-year growth of 16.89%[43]. - Accounts receivable and long-term receivables increased by 35.63% to 107,696.32 million yuan, accounting for 19.47% of total assets[109]. - The company's intangible assets grew by 29.58% to 10,630.58 million yuan, primarily due to new BOT projects[109]. Risk Management - The company has faced risks including accounts receivable risk, macroeconomic risk, project management risk, and cost expense risk[12]. - The company aims to enhance its management capabilities and improve project control to address project management risks effectively[180]. - The company is focused on enhancing its overseas risk management capabilities to mitigate political and economic uncertainties in developing markets[181]. Corporate Governance and Compliance - The company has no non-operating fund occupation by controlling shareholders or related parties[6]. - The company has implemented new accounting standards affecting employee retirement plans, resulting in adjustments to liabilities and equity[184]. - Deferred tax assets increased from 1,990,104 CNY to 2,012,239 CNY due to accounting policy changes[185]. Social Responsibility - The company has actively fulfilled its social responsibilities, as detailed in its 2013 Social Responsibility Report[198].