CRHIC(SH:600528)2023-03-27 16:00Employee Structure - The total number of employees in the parent company is 176, while the total number of employees in major subsidiaries is 11,924, resulting in a combined total of 12,100 employees[7]. - The number of retired employees that the parent company and major subsidiaries need to bear costs for is 1,159[7]. - The company has 5,421 production personnel, 477 sales personnel, 3,148 technical personnel, 376 financial personnel, and 2,678 administrative personnel, totaling 12,100 employees[7]. - The company has 15 doctoral graduates, 1,139 master's graduates, 4,979 bachelor's degree holders, 2,620 associate degree holders, and 3,347 with vocational education or below, totaling 12,100 employees[7]. Salary and Compensation Policies - The company's salary policy is linked to economic performance, ensuring that salary growth aligns with economic benefits[8]. - The management salary policy is based on an annual salary system, subject to review by the board's compensation and assessment committee[10]. - The headquarters employees' salary policy implements a performance-based salary system, linking performance pay to individual performance assessments and overall company performance[10]. - The salary policy for subsidiary leaders follows an annual salary system, determined by the company's management methods and performance assessment methods for subsidiaries[10]. Financial Performance and Profit Distribution - The net profit attributable to ordinary shareholders for the year was CNY 1,856,323,431.46[17]. - The company implemented a cash dividend policy, distributing CNY 1.45 per 10 shares, totaling CNY 322,124,980.26, which represents 17.35% of the net profit attributable to ordinary shareholders[13][17]. - The company has a commitment to distribute at least 10% of the available profit to shareholders annually, ensuring a stable return policy[13]. - The company has prioritized the protection of minority shareholders' rights in its profit distribution decisions[13][15]. - The company has not proposed any stock dividends or capital increases during the reporting period[17]. Internal Control and Risk Management - The company has established a robust internal control system, conducting 10 review meetings and issuing 21 new regulations during the reporting period[20]. - There were no significant defects in the internal control system during the reporting period, ensuring effective operational management[21]. - The company has established a comprehensive risk management framework to enhance subsidiaries' risk management capabilities[44]. Environmental Management and Compliance - The company invested RMB 3,332.2 million in environmental protection during the reporting period[47]. - The company was listed as a key pollutant discharge unit in multiple regions, including Guangdong and Shaanxi, indicating a focus on environmental compliance and monitoring[49]. - The company has completed environmental impact assessments for new projects, ensuring compliance with national regulations, including the construction of a high-strength bolt production line with an annual capacity of 12 million sets[52]. - The company has been proactive in environmental management, with all pollution control facilities operating effectively and meeting regulatory standards during the reporting period[50]. - The company achieved 100% compliance with pollutant discharge standards in 2022, with no exceedances reported[56]. Investments and Financial Assets - As of December 31, 2022, the total prepayments amounted to RMB 1,639,943,653.65, a decrease of 8.80% from RMB 1,797,962,705.54 in 2021[28]. - The total long-term equity investments as of December 31, 2022, amount to RMB 1,341,907,254.51, showing a slight decrease from RMB 1,348,620,844.37 in 2021[83]. - The total balance of other receivables as of December 31, 2022, was RMB 237,680,298.40, with a bad debt provision of RMB 37,171,628.77[39]. - The company reported a total investment of RMB 769.12 million in various joint ventures and subsidiaries, with significant investments in Xuzhou Huaihai International Railway Logistics Port Construction Co., Ltd. and other entities[118]. Shareholder Structure and Governance - The total number of ordinary shareholders increased from 92,734 to 96,002 during the reporting period[66]. - The largest shareholder, China Railway Second Engineering Group, holds 28.58% of the shares, totaling 634,973,795 shares[68]. - The company has a strategic relationship with China Railway, as the largest shareholder has delegated voting rights to the second largest shareholder[182]. - The actual controller of the company is the State-owned Assets Supervision and Administration Commission, holding 90% of the shares of China Railway Industry[194]. Community Engagement and Social Responsibility - The company invested a total of 2.5664 million yuan in poverty alleviation and rural revitalization projects, with 2.4769 million yuan allocated for purchasing agricultural products from impoverished areas[93]. - The company provided material donations worth 89,500 yuan, including food and pandemic prevention supplies, benefiting 21,418 individuals[94]. - The company completed contracts for switch components production amounting to 7.2535 million yuan, directly creating jobs and dividends for 26 individuals, with 19 registered impoverished households seeing an average income increase of over 5,000 yuan[94].