Financial Performance - The net profit attributable to shareholders for 2022 was RMB 10,272,357 thousand, with undistributed profits of RMB 5,742,045 thousand[1]. - The proposed cash dividend is RMB 0.83 per 10 shares, totaling RMB 1,720,060 thousand, which accounts for 16.74% of the net profit attributable to shareholders[1]. - The company achieved operating revenue of RMB 592.67 billion, an increase of 18.40% compared to RMB 500.57 billion in 2021[46]. - The net profit attributable to shareholders of the listed company was RMB 10.27 billion, reflecting a growth of 22.66% from RMB 8.37 billion in the previous year[46]. - The net profit after deducting non-recurring gains and losses reached RMB 9.67 billion, up 37.48% from RMB 7.03 billion in 2021[46]. - The company's total assets at the end of 2022 amounted to RMB 585.38 billion, a 7.71% increase from RMB 543.47 billion in 2021[46]. - The net assets attributable to shareholders of the listed company were RMB 121.11 billion, representing a 12.66% increase from RMB 107.49 billion at the end of 2021[46]. - The basic earnings per share for 2022 was RMB 0.45, an increase of RMB 0.10 from RMB 0.35 in 2021[47]. - The weighted average return on net assets was 10.47%, up from 9.05% in the previous year[47]. Operational Highlights - The company has outlined a core technology initiative called the "181 Plan," focusing on advanced processes, green development, and smart manufacturing[6]. - The company reported no significant risk events during the reporting period, ensuring a stable operational environment[2]. - The company has maintained compliance with decision-making procedures and has not provided guarantees outside of regulations[2]. - The company has achieved a historical high in operating performance despite economic challenges, indicating robust growth and quality improvement[27]. - The report was audited by Ernst & Young Hua Ming, which issued a standard unqualified opinion[1]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[2]. Contract and Project Development - New signed contracts amounted to 1,343.574 billion yuan, an increase of 11.50% compared to the same period last year[28]. - New signed metallurgical contracts grew by 21.67% year-on-year, achieving a "grand slam" in major metallurgical projects[28]. - The company signed overseas engineering contracts worth RMB 41.405 billion, reflecting a year-on-year growth of 19.23%[77]. - The company achieved a new record in new signed contracts amounting to RMB 1,300.449 billion, representing a year-on-year growth of 12.03%[77]. - The company signed significant contracts in the housing construction sector, including the Nanyang Zhongjing Health Care Area project with a contract value of RMB 186.8 million[88]. Research and Development - The company applied for 12,020 new patents and was granted 8,963 new patents, bringing the total valid patents to 47,120[28]. - The company has 28 national-level R&D platforms and has published 63 international standards and 602 national standards[35]. - The company implemented 30 major R&D projects under the "181 Plan" and 20 significant R&D projects in non-steel sectors in 2022[123]. - The company achieved operating revenue of 592,669,072 thousand RMB, representing an 18.40% year-on-year growth[131]. - The total R&D investment accounted for 3.16% of operating revenue, with capitalized R&D expenses representing 0.09%[161]. Market and Economic Conditions - In 2022, China's GDP exceeded 121 trillion yuan, with fixed asset investment (excluding rural households) reaching 57.2138 trillion yuan, a year-on-year increase of 5.1%[63]. - The company anticipates that domestic fixed asset investment will exceed 10 trillion yuan in 2023, with unprecedented investment intensity[64]. - The steel industry is expected to face challenges such as overcapacity and insufficient iron ore resources in 2023, leading to an acceleration in mergers and acquisitions within the sector[198]. - The construction industry in China achieved a total output value of CNY 311,980 billion in 2022, reflecting a growth of 6.5%[199]. Safety and Compliance - The company conducted 73 safety inspections at headquarters level and 5,199 inspections at subsidiary levels throughout the year, emphasizing the importance of safety management[187]. - The company’s safety management system operated effectively, with no major safety incidents reported in 2022[186]. - The company received national-level honors for 21 projects as "Standardized Construction Safety Production Sites" during the reporting period[187]. Strategic Initiatives - The company aims to create a world-class enterprise with strong core competitiveness and reliable construction services[29]. - The company is committed to leading the metallurgical industry towards intelligent, green, low-carbon, and efficient development[34]. - The company plans to continue its strategy of market expansion and technological innovation to enhance its competitive position in the industry[62]. - The company aims to enhance management levels and operational efficiency to improve financial performance[141].
中国中冶(01618) - 2022 - 年度财报