2023-03-30 16:00Financial Performance - The company reported a net profit of 13,425,745 thousand RMB for the year 2022, with a beginning retained earnings of 32,095,833 thousand RMB, resulting in a total distributable profit of 39,435,692 thousand RMB by year-end[4]. - The company's operating revenue for 2022 was CNY 1,096,312,867, representing a 7.48% increase compared to CNY 1,020,010,179 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 26,642,094, reflecting a 7.90% increase from CNY 24,690,556 in 2021[20]. - The net profit after deducting non-recurring gains and losses was CNY 24,088,741, up 7.40% from CNY 22,429,809 in 2021[21]. - The net cash flow from operating activities for 2022 was CNY 56,134,952, a significant recovery from a negative cash flow of CNY -7,303,911 in 2021[21]. - The total assets at the end of 2022 were CNY 1,523,951,052, an increase of 12.64% from CNY 1,352,970,006 at the end of 2021[21]. - The basic earnings per share for 2022 were CNY 1.76, a 10.00% increase from CNY 1.60 in 2021[22]. - The weighted average return on equity for 2022 was 11.05%, slightly down from 11.10% in 2021[22]. - The total profit for the year was RMB 24,239,316, representing a year-on-year increase of 29.03%[80]. - The company achieved a revenue of CNY 1,096.312867 billion in 2022, representing a year-on-year growth of 7.48%[70]. Dividends and Shareholder Returns - A cash dividend of 2.80 RMB per 10 shares (including tax) will be distributed, totaling 3,802,272 thousand RMB, which represents 15.91% of the total distributable profit attributable to ordinary shareholders[4]. - A cash dividend of 0.280 CNY per share is proposed, totaling 3,802,272 thousand CNY based on the total share capital of 13,579,541,500 shares as of December 31, 2022[191]. - The company's distributable reserves as of December 31, 2022, amounted to approximately CNY 39.4357 billion[195]. Market Position and Operations - The company ranked 39th in the Fortune Global 500 and 11th in the China Enterprises 500 for 2022, maintaining a strong position in the global construction industry[12]. - The company operates in 139 countries and regions worldwide, with a comprehensive industry chain covering planning, design, construction, and investment[12]. - The company has a total share capital of 13,579,541,500 shares as of December 31, 2022[4]. - The company has maintained a solid customer base, leveraging long-term government relationships and market resources to support business expansion[67]. - The company operates in 32 provinces and regions in China and 139 countries worldwide, showcasing its extensive market reach[76]. Innovation and Technology - The company holds 31,479 valid patents and has received 87 national science and technology awards, showcasing its commitment to innovation and quality[12]. - The company has initiated a digital transformation strategy, enhancing its digital capabilities through the "16336 Project"[30]. - The company added 7,931 new authorized patents in 2022, including 1,217 invention patents, showcasing its commitment to innovation and technology development[38]. - The company has undertaken 13 national key research projects and led 52 national-level research topics, emphasizing its commitment to technological advancement[63]. - Research and development expenses increased by 23.45% to CNY 25.003936 billion, indicating a stronger focus on innovation[73]. Risk Management - The company has faced significant risks including international operation risks and cash flow risks, which are detailed in the management discussion section[7]. - The company recognizes potential risks including international operational risks, cash flow risks, safety risks, investment risks, and project management risks[182]. - The company emphasizes cash flow management, aiming to optimize financing structure and enhance internal control mechanisms to ensure efficient fund utilization[184]. - The company is committed to enhancing project management to mitigate risks associated with project operations and ensure quality and safety standards are met[188]. Contracts and Projects - In 2022, the company signed new contracts totaling CNY 32,450.011 billion, achieving 112.83% of the annual target and a year-on-year growth of 15.09%[33]. - The total amount of new contracts signed by the company in 2022 reached CNY 3,245.0011 billion, exceeding the annual plan by 12.83% and showing a year-on-year increase of 15.09%[50]. - The company signed 5,935 new projects during the reporting period, amounting to 28,045.476 billion RMB[138]. - The total amount of orders on hand at the end of the reporting period was 48,712.97 billion RMB, including 21,997.63 billion RMB for signed contracts not yet started and 26,715.34 billion RMB for ongoing projects[139]. Financial Health and Investments - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[6]. - The company has established a comprehensive financial service ecosystem, integrating various financial products and services to enhance operational efficiency[62]. - The company's cash flow from operating activities exceeded net profit levels, indicating improved financial health and operational efficiency[35]. - The company plans to increase investment in research and development, leading to a rise in management and R&D expenses by 12.55%[80]. - The company’s financial assets included CNY 2.621403 billion in stocks and CNY 4.971219 billion in bonds at the end of the reporting period[164]. Safety and Quality Management - The company reported no major safety incidents during the year, maintaining a stable safety production situation[145]. - The company is focused on quality management and has implemented a comprehensive quality control system[144]. - The company is focusing on technology innovation in safety production, promoting mechanization and automation to enhance safety levels[146]. - The company has established a comprehensive safety production responsibility system to ensure effective implementation of safety measures[146]. Future Outlook - The company plans to sign new contracts worth CNY 3.31 trillion (approximately USD 490 billion) in 2023, with projected revenue of CNY 1.16 trillion (approximately USD 171 billion) and costs of CNY 1.11 trillion (approximately USD 162 billion)[180]. - The company aims to maintain a high-quality development focus while implementing a strategy of "overseas first" to enhance operational scale and quality, particularly in traditional friendly countries along the Belt and Road Initiative[180]. - The company anticipates that domestic fixed asset investment will remain high, with significant opportunities in traditional engineering and emerging sectors like new infrastructure and renewable energy[176]. - The company is committed to optimizing its structure and enhancing quality and efficiency, with a focus on deepening reforms and accelerating the transformation of its operational capabilities[176]. - The overall financial performance of the group indicates a stable growth trajectory, with a focus on strategic investments and market expansion[174].