2022-03-30 16:00Financial Performance - The company reported a net profit of CNY 10,959,398,105.80 for the year 2021, with a beginning retained earnings of CNY 27,864,487,641.94, resulting in a total distributable profit of CNY 32,746,034,404.99 by year-end[4]. - The company reported a net profit of CNY 5,005,139 in Q1 2021, with a significant drop in cash flow from operating activities to negative CNY 50,135,350[24]. - The company's operating revenue for 2021 was CNY 1,020,010,179, representing a 12.05% increase compared to CNY 910,324,763 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 24,690,556, a 10.26% increase from CNY 22,392,983 in 2020[20]. - The net cash flow from operating activities for 2021 was negative CNY 7,303,911, compared to positive CNY 40,109,248 in 2020[20]. - The total assets at the end of 2021 were CNY 1,352,970,006, an 8.87% increase from CNY 1,242,792,799 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 268,789,292, reflecting a 5.70% increase from CNY 254,297,762 at the end of 2020[21]. - The basic earnings per share for 2021 was CNY 1.60, up 6.67% from CNY 1.50 in 2020[22]. - The diluted earnings per share for 2021 was CNY 1.60, an 11.11% increase from CNY 1.44 in 2020[22]. - The company reported a total revenue of CNY 10,200.102 billion, marking a year-on-year increase of 12.05%[37]. - The net profit for the year reached CNY 293.152 billion, reflecting a year-on-year growth of 14.03%[37]. Dividend and Profit Distribution - A cash dividend of CNY 2.46 per share (including tax) was proposed, totaling CNY 3,340,567,209.00, which represents 15.37% of the distributable profit attributable to ordinary shareholders[4]. - The company has a remaining undistributed profit of CNY 28,755,266,132.12 to be carried forward to the next year after the proposed dividend distribution[4]. - The company's distributable reserves as of December 31, 2021, amounted to approximately CNY 32.0958 billion[179]. Market Position and Expansion - The company ranked 3rd in the "Top 250 Global Contractors" by ENR magazine and 42nd in the "Fortune Global 500" list for 2021, indicating strong market positioning[11]. - The company operates in 32 provinces and regions in China and 138 countries globally, showcasing extensive market reach[12]. - The company aims to enhance its service capabilities and expand its market presence, focusing on a "quality construction" strategy[13]. - The company plans to focus on high-quality development and market expansion in 2022, while also enhancing its reform and innovation efforts[31]. - The company improved its ranking in the Fortune Global 500, moving from 54th in 2020 to 42nd in 2021[28]. Innovation and Technology - The company has accumulated 24,896 patents, reflecting its commitment to innovation and technology development[12]. - The company received 87 national science and technology awards and 123 China Civil Engineering Zhan Tianyou Awards, highlighting its industry leadership[12]. - The company signed new contracts worth RMB 282.96516 billion in 2021, reflecting strong market demand and operational capacity[28]. - The company received 6,638 new patent authorizations in 2021, including 723 invention patents, demonstrating its commitment to innovation[29]. - The company leads in technology with significant advancements in high-speed and urban rail construction, including the development of the world's first 1,000-ton bridge erection machine[62]. Risk Management - The company has identified major risks including operational compliance, investment, safety, pandemic control, and debt risks, which are crucial for future planning[6]. - The company recognizes potential major risks including operational compliance risk, investment risk, safety risk, pandemic prevention risk, and debt risk[163]. - The company will implement targeted risk prevention plans for different investment projects to control investment risks effectively[166]. - The company is facing significant debt risk due to stringent financial regulations and market conditions, and it aims to strengthen debt risk identification and control measures[170]. Corporate Governance and Compliance - The company strictly adheres to information disclosure regulations, having disclosed a total of 376 documents in 2021[191]. - The company has implemented a governance structure that aligns with regulatory requirements, enhancing its governance mechanisms[190]. - The company will conduct a comprehensive compliance review across all levels and areas, focusing on the effectiveness of compliance systems in daily operations[165]. - The Audit and Risk Management Committee conducted a thorough review of the company's internal control and risk management systems, confirming their effectiveness[196]. Social Responsibility and Community Engagement - The total amount of charitable and other donations made by the group during the reporting period was CNY 65.835 million[187]. - The company received multiple awards in 2021, including the "Sustainable Development Green Award" and "Best IR Hong Kong Company," enhancing its corporate image and social influence[193].