2021-03-30 16:00Financial Performance - The net profit for 2020 was CNY 15,260,631,296.23, with a beginning retained earnings of CNY 19,005,961,004.91, resulting in a total distributable profit of CNY 29,390,550,771.56 at year-end[7] - The company reported a net profit attributable to shareholders for 2020 of CNY 22,392,983, a 10.87% increase compared to CNY 20,197,378 in 2019[29] - The company's operating revenue for 2020 was CNY 910,324,763, representing a 9.62% increase from CNY 830,452,157 in 2019[29] - The total profit for 2020 was 5,875.028 million, down 3.95% from the previous year[92] - The total operating revenue for 2020 was 76,624.569 million, an increase of 6.63% from 2019[94] - The gross profit for 2020 was 8,318.975 million, reflecting a decline of 5.73% year-over-year, with a gross margin of 20.33%[91] - The company achieved operating revenue of CNY 910.324763 billion in 2020, representing a year-on-year growth of 9.62%[78] - The total new contracts signed in 2020 amounted to CNY 2,554.2887 billion, reflecting a year-on-year growth of 27.28%[78] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.23 per share, totaling CNY 3,123,294,545.00, based on a total share capital of 13,579,541,500 shares[7] - The company reported a remaining undistributed profit of CNY 24,741,193,096.94 to be carried forward to the next year after the dividend distribution[7] Market Position and Recognition - The company ranked 3rd in the "ENR Top 250 Global Contractors" and 54th in the "Fortune Global 500" in 2020, highlighting its significant market position[18] - The company ranked 54th in the Fortune Global 500 in 2020, up from 79th in 2015, and maintained a top-three position among global engineering contractors according to ENR[39] Innovation and Technology - The company has a total of 19,072 patents and has received 87 national science and technology awards, indicating strong innovation capabilities[18] - The company emphasizes a development strategy focused on technological innovation and international competitiveness, aiming to become a leading comprehensive construction industry group[19] - The company received 107 provincial and ministerial science and technology awards in 2020, highlighting its commitment to innovation[75] - The company has developed leading technologies in high-altitude and high-speed railway construction, with proprietary products filling domestic gaps[62] Operational Strategy and Risk Management - The company has faced risks including international operations, cash flow, investment, safety, and cost risks, which are detailed in the report[10] - The company established a risk monitoring KRI indicator system to enhance risk management effectiveness[76] - The company emphasizes the importance of risk management, identifying major risks including international operational risk, cash flow risk, investment risk, safety risk, and cost risk[200] Global Operations and Market Expansion - The company operates in 134 countries and has established a comprehensive service capability across the entire industry chain, from design to construction and maintenance[18] - The company operates in 134 countries globally, indicating significant market expansion efforts[81] - The company is leveraging national strategies like the Belt and Road Initiative to enhance its market presence and drive growth in infrastructure projects[46] - The company is actively expanding its consulting services in new industries such as smart transportation and ecological environment, aiming for integrated engineering consulting services[47] Construction and Engineering Business - The engineering contracting business remains the core of the company, covering multiple sectors including railways, highways, urban transit, and water conservancy[44] - The engineering contracting sector contributed 2,220.7446 billion RMB in new contracts, representing 86.94% of the total new contracts and a year-on-year increase of 28.32%[70] - In 2020, the engineering contracting business generated revenue of 813,334.003 million RMB, accounting for 89.35% of the company's total revenue[151] Real Estate Development - The real estate development business focuses on core city clusters, including the Yangtze River Delta and the Guangdong-Hong Kong-Macau Greater Bay Area, with a strategy emphasizing first and second-tier cities[53] - The total real estate development investment reached RMB 67.343 billion, with the Bohai Rim region accounting for 28.44% and the Yangtze River Delta region for 27.51%[163] - The company holds 328 development projects, with a total construction land area of approximately 29.19 million square meters and a total building scale of about 90.76 million square meters[162] Financial Assets and Liabilities - The total liabilities of the group amounted to RMB 747,551,064 thousand, with short-term borrowings at RMB 49,879,073 thousand[122] - Long-term borrowings increased by 20.55% to RMB 126,399,543 thousand compared to the previous period[117] - The group's cash and cash equivalents increased to RMB 187,997,046 thousand, representing 15.13% of total assets, up from 14.51% in the previous period[116] Future Plans and Goals - The company plans to focus on high-quality development during the "14th Five-Year Plan" period, emphasizing production operations, reform innovation, and risk prevention[40] - The company's 2021 operating plan targets a new contract value of 2.735 trillion yuan and revenue of 965 billion yuan, with costs and taxes amounting to 928.5486 billion yuan[198] - To meet the 2021 operating goals, the company will primarily rely on self-funding, issuing new shares, bank loans, bank acceptance bills, and bond issuance for its funding needs[199]