MCC(SH:601618)2019-03-29 16:00Financial Performance - The net profit attributable to shareholders for 2018 was RMB 6,371,580 thousand, with undistributed profits of RMB 2,071,070 thousand[3]. - The proposed cash dividend is RMB 0.70 per 10 shares, totaling RMB 1,450,653 thousand, which accounts for 22.77% of the net profit[3]. - Operating revenue was CNY 289.535 billion, reflecting a year-on-year growth of 18.66%[11]. - Total profit amounted to CNY 9.524 billion, with a year-on-year increase of 6.13%[11]. - Net profit attributable to shareholders was CNY 6.372 billion, up 5.12% year-on-year[11]. - The company's operating revenue for 2018 was CNY 289.53 billion, an increase of CNY 45.54 billion (18.66%) compared to 2017[18]. - The total assets as of December 31, 2018, reached CNY 438.92 billion, reflecting a growth of CNY 24.35 billion (5.87%) year-over-year[22]. - The total liabilities increased to CNY 336,246,399 in 2018 from CNY 317,244,693 in 2017, reflecting a growth of 6.0%[26]. - The company's cash flow from operating activities was CNY 14.05 billion, a decrease of 23.72% compared to the previous year[18]. - The total comprehensive income for 2018 was CNY 7,506,319, compared to CNY 6,538,093 in the previous year, indicating a growth of 14.8%[26]. Business Segments and Operations - All four main business segments achieved profitability, with profits of CNY 5.038 billion from engineering contracting, CNY 4.151 billion from real estate development, CNY 0.096 billion from equipment manufacturing, and CNY 0.337 billion from resource development[11]. - The engineering contracting business generated revenue of CNY 258.33 billion, a rise of CNY 49.72 billion (23.83%) from 2017[23]. - The company aims to enhance its core business in metallurgical construction and accelerate internationalization efforts[11]. - The company is focusing on upgrading its capabilities through model, management, technology, and service enhancements in the basic construction sector[40]. - The company is actively pursuing risk control measures in its PPP business, enhancing project quality and scale while managing quantity[40]. Research and Development - The company obtained 4,187 new patents, bringing the total number of valid patents to over 25,000[11]. - Research and development expenses increased to CNY 7.18 billion, up by CNY 1.85 billion (34.69%) compared to the previous year[24]. - The company achieved a significant milestone by winning the National Science and Technology Progress Award for the first time, marking a historic breakthrough[62]. - The company has established 24 national-level technology innovation platforms, further enhancing its technological innovation capabilities[62]. - The company is focusing on new emerging industries, including smart cities and environmental technologies, to enhance economic development quality[130]. Market and Strategic Initiatives - The company aims to leverage the "Belt and Road" initiative to expand its overseas market opportunities in metallurgical engineering projects[34]. - The company is committed to high-quality development, emphasizing technological innovation and quality management to create exemplary projects[131]. - The company is integrating resources to enhance its market influence in infrastructure construction, particularly in steel structure projects[130]. - The company is actively establishing technology research institutes to lead in key technology research and standard development in emerging industries[131]. - The company is committed to environmental protection and sustainable practices, implementing measures to comply with increasing regulatory demands[141]. Corporate Governance and Compliance - Deloitte Huayong issued a standard unqualified audit report for the company[2]. - The independent directors have confirmed that the profit distribution plan aligns with legal regulations and the company's articles of association, ensuring reasonable returns for investors[149]. - The company has maintained compliance with legal regulations, with no significant legal liabilities reported during the reporting period[74]. - The company has not reported any non-compliance with court judgments or significant debt defaults during the reporting period, maintaining a good credit standing[157]. - The company has established a comprehensive confidentiality system to prevent data fraud and theft, ensuring the protection of sensitive information[142]. Environmental and Social Responsibility - The company is committed to maintaining environmental protection standards across its subsidiaries[184]. - The company achieved all pollution reduction targets during the reporting period, with no exceedances in emissions[184]. - The company plans to expand its wastewater treatment capacity to meet increasing demand in the region[188]. - A total of 210.95 million RMB was directly invested in poverty alleviation efforts, with 34 projects implemented, benefiting 941 registered poor individuals[180]. - The company conducted vocational training for 248 individuals and helped 12 registered poor households achieve employment[181].