ycec(SH:600248)2023-04-27 16:00Financial Performance - The company reported a total revenue of 793.94 million CNY for the period, reflecting a year-on-year increase of 15%[47]. - The company's operating revenue reached CNY 189.366 billion, reflecting a year-on-year growth of 12.92%, while the net profit attributable to shareholders was CNY 3.592 billion[140]. - Total assets of the company amounted to CNY 308.756 billion, representing a year-on-year increase of 29.77%[140]. - The company achieved operating revenue of CNY 189.37 billion, representing a year-on-year growth of 12.92%[191]. - The net profit attributable to shareholders reached CNY 3.59 billion, indicating a consistent growth trend over the past three years[191]. - The operating costs rose to CNY 172.12 billion, reflecting a 12.42% increase, which is lower than the revenue growth rate by 0.5 percentage points[194]. Legal Matters - The company is currently involved in arbitration regarding unpaid project funds amounting to 79.39 million CNY, which is still under review[47]. - A lawsuit has been filed for unpaid project funds totaling 133.76 million CNY, with the case currently in the first instance trial[47]. - Another lawsuit involves a claim of 233.94 million CNY for unpaid project funds, also in the first instance trial[47]. - The company has initiated arbitration for unpaid project funds of 19.15 million CNY, which is still under review[47]. - A total of 34.34 million CNY is being claimed in a lawsuit for unpaid project funds, with the case currently in the first instance trial[47]. - The company is pursuing a claim of 1.61 million CNY for unpaid project funds, which is currently in the first instance trial[47]. - A lawsuit for unpaid project funds of 1.87 million CNY has been filed, with the case currently in the first instance trial[47]. - The company is involved in multiple lawsuits regarding unpaid project payments, with amounts totaling approximately 26.93 million, 55.10 million, and 100 million yuan in various cases[48]. - A lawsuit has been filed for 10 million yuan against Evergrande New Energy Vehicle (Shaanxi) Co., Ltd. for failure to repay loans as per contract[48]. - The company has initiated arbitration for a project with a claim amount of 21.21 million yuan due to unresolved payment issues[48]. - The company is pursuing legal action for overdue payments totaling 19.83 million yuan from Shenmu Xinchang Industrial Co., Ltd.[48]. - A total of 12.67 million yuan is being claimed in a lawsuit against Shaanxi Construction Group for unpaid rental services[48]. - The company has reported ongoing litigation involving amounts of 22.03 million yuan and 10.10 million yuan for overdue project payments from various clients[48]. - The company is seeking 1.37 million yuan in arbitration against Shanxi Road and Bridge Construction Group for unresolved payment issues[48]. - The company has filed a lawsuit for 23.63 million yuan against Sichuan Xinxing Rui Construction Engineering Co., Ltd. for reimbursement of advanced payments[48]. - The company is currently in litigation for 1.64 million yuan related to project payment disputes with Yan'an New District Sunshine City Investment Co., Ltd.[48]. - The company has multiple ongoing legal proceedings, indicating significant challenges in cash flow management due to unpaid receivables[48]. - The company is involved in multiple lawsuits with various parties, with the total amount in dispute reaching approximately 104.53 million CNY in one case and 127.05 million CNY in another[51]. - A lawsuit against the company regarding project payment disputes has a claimed amount of 55.25 million CNY, currently under trial[51]. - The company has initiated arbitration proceedings for a payment dispute involving 19.80 million CNY, which is still under review[51]. - Another case involves a claim of 15.17 million CNY against the company, which is also in the trial phase[51]. - The company has faced claims totaling 12.70 million CNY in a separate lawsuit related to contract performance issues[51]. - A recent judgment ordered the company to receive approximately 23.18 million CNY in project payments, including interest, which has been applied for enforcement[52]. - The company has settled a dispute by agreeing to pay approximately 9.42 million CNY to another party, resolving the contract performance issue[52]. - The company is currently involved in a case where it is owed approximately 12.20 million CNY, with the court ordering the payment of labor insurance and other fees[52]. - The company has faced a claim of 4.59 million CNY, which was withdrawn by the plaintiff, indicating a resolution of the dispute[52]. - The company has initiated legal actions for various disputes, indicating ongoing challenges in contract execution and payment collection[51]. Corporate Governance and Compliance - The company has confirmed that there are no significant risk events during the reporting period, as detailed in the management discussion and analysis section[24]. - The company’s financial report has been declared true, accurate, and complete by its management, ensuring no misleading statements or omissions[19]. - The company is committed to adhering to legal regulations and improving compliance to prevent future disputes[63]. - The company has emphasized the importance of strict information disclosure practices to maintain transparency and investor trust[63]. - The company maintains a strong governance structure, emphasizing political awareness and accountability among its employees[180]. Asset Management and Investments - The company plans to distribute a cash dividend of RMB 1 per 10 shares, totaling RMB 368,888,228.60, based on a total share capital of 3,688,882,286 shares[20]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, was ¥26,691,400.00, which represents 36.74% of the company's net assets[114]. - The company has a total guarantee amount of ¥12,747,750,000.00, which includes guarantees to subsidiaries, with a total guarantee amount exceeding 50% of net assets being ¥0[114]. - The company has entrusted financial management with a total amount of ¥100,000,000, with an expected annual return rate of 3.4% to 3.5%[117]. - The company reported a decrease in receivables financing from ¥364,923,749.66 to ¥188,907,918.74, reflecting a change of -¥176,015,830.92[107]. - The company’s trading financial assets increased from ¥239,109,750.92 to ¥352,543,891.43, with a current period change of ¥113,434,140.51[107]. - The company has not recognized any impairment provisions for entrusted loans during the reporting period[120]. Project and Contract Achievements - The company has invested in multiple green projects, including a waste treatment project in Baqiao District with the largest daily processing capacity in Xi'an and a 50MW agricultural photovoltaic project in Jianxi County[126]. - The company is in the final stages of the carbon dioxide and flywheel energy storage demonstration project in Sichuan Deyang, indicating progress in low-carbon initiatives[126]. - The company has secured a contract for a 5.5 million tons/year BDO (1,4-butanediol) project with Shandong Ruian Biotechnology Co., valued at 9.1 million[128]. - The company is involved in a 200MW photovoltaic and ecological governance power generation project in Huaneng Jingyang, with a contract value of 8.92 million[128]. - The company has undertaken the construction of the Yulin College Science and Technology New City Phase I project, valued at 8.61 million[128]. - The company has a contract for the construction of the Xi'an Yujincheng 4-R2 plot, valued at 7.18 million[128]. - The company is actively expanding its market presence through various EPC projects, including a 5G communication base station project in Nanjing, valued at 9 million[128]. - The company is focusing on the development of prefabricated construction, with steady progress in the "Double Storage Forest Farm" project[126]. - The company has reported a significant increase in green project investments, reflecting a commitment to sustainable development[126]. - The company is involved in the construction of a cultural exchange center for the International Federation of Bodybuilding and Fitness, valued at 7.9 million[128]. - The company signed new contracts totaling CNY 394.065 billion, a year-on-year increase of 25.39%, with 76 projects exceeding CNY 500 million signed during the reporting period[139]. - The company completed 966 projects during the year, including 6 overseas projects[140]. - The company achieved significant milestones in the energy sector, including the completion of the world's largest coal-based ethanol project with an annual capacity of 500,000 tons[143]. - The company signed contracts for ethanol projects with a total capacity of 2.25 million tons, showcasing its competitive edge in the coal-based ethanol construction sector[143]. - The company was awarded multiple prestigious industry awards, including 2 "Zhan Tianyou" awards and 6 "Luban" awards, highlighting its excellence in construction quality[141]. Strategic Initiatives - The company plans to inject 100% equity of Shaanxi Construction Holdings and Shaanxi Construction Industry into the listed company as part of a major asset restructuring[74]. - The company has committed to resolving industry competition issues with Shaanxi Construction Seventh Engineering Group within a five-year transition period following the restructuring[75]. - The company has a compensation obligation due to unmet performance commitments in 2020, which includes issuing 58,956,522 shares and returning cash dividends of 10,730,087 yuan[77]. - The company is focusing on expanding its market presence through strategic acquisitions, including the purchase of 100% equity in Shenzhen Construction for CNY 100,000[199]. - The company has established a "three-in-one" technology innovation-driven platform to enhance its R&D capabilities[185]. - The company is transitioning from a single construction model to an integrated approach of investment, construction, and operation, enhancing its service offerings[177]. - The company has a total of 16 special construction qualifications and 26 first-class design qualifications, demonstrating its competitive edge in the construction industry[153]. - The company is focusing on green and low-carbon transformation, aiming to enhance its capabilities in energy engineering and expand its service offerings in the petrochemical sector[178].