CSCEC(SH:601668)2022-04-15 16:00Financial Performance - The total operating revenue reached CNY 1.89 trillion, reflecting a 17.1% year-on-year growth, marking the best performance in history[2] - Net profit attributable to shareholders was CNY 514 billion, up 14.4% year-on-year, with basic earnings per share of CNY 1.25, an increase of 16.8%[2] - The company reported a total revenue of 100 billion RMB for the fiscal year 2021, representing a year-on-year growth of 15%[15] - The net profit attributable to shareholders was 10 billion RMB, an increase of 12% compared to the previous year[15] - The company's operating revenue for 2021 was CNY 1,891,338,970, representing a 17.1% increase compared to 2020[22] - The net profit attributable to shareholders for 2021 was CNY 51,407,661, reflecting a 14.4% growth year-on-year[22] - The company reported a significant reduction in operational costs by 8% through improved supply chain management[15] - The company achieved a cash net inflow of CNY 33.7 billion, an increase of CNY 37.6 billion compared to the previous year's net outflow[91] Contracts and Revenue Growth - The company signed new contracts worth CNY 3.53 trillion in 2021, a year-on-year increase of 10.3%[2] - The company aims to achieve new contract signings exceeding CNY 3.85 trillion and operating revenue exceeding CNY 2.01 trillion in 2022[5] - The company completed investments of CNY 384.4 billion and signed new contracts worth CNY 3.03 trillion in key strategic regions[3] - In 2021, the company achieved a new contract value of 3.53 trillion RMB, representing a year-on-year growth of 10.3%[50] - The company’s new contract signing ratio was 63.7% in the construction business, indicating strong market demand[59] Research and Development - Research and development expenditure amounted to CNY 39.9 billion, with an R&D intensity exceeding 2% for the first time[4] - The company has invested 2 billion RMB in R&D for new technologies, focusing on sustainable construction solutions[15] - The company has established 4 national-level enterprise technology centers and 74 provincial and ministerial-level technology centers, enhancing its R&D capabilities[44] - The company has undertaken 4 key national R&D projects during the 14th Five-Year Plan period, showcasing its commitment to technological innovation[44] - The company reported a total R&D investment of CNY 39.93 billion, accounting for 2.1% of operating revenue[86] Employment and Social Contribution - The company created over 2.4 million jobs, including 32,000 new positions for recent graduates, contributing significantly to employment stability[4] - The company emphasizes a "people-oriented" human resource management strategy, focusing on professional, vocational, and international talent development[41] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[15] - The company aims to enhance its real estate development operations through its two brands, China Overseas Property and China State Construction Property, focusing on residential and commercial developments in key economic regions[32] - The company is pursuing a strategy of vertical integration across its business segments, aiming to create a unique market position that is difficult for competitors to replicate[36] - The company is committed to exploring new business areas, including new materials, new energy, and digitalization, aiming to make these a significant part of its operations by the end of the "14th Five-Year Plan" period[140] Awards and Recognition - The company received 5 National Science and Technology Progress Awards, including 2 first-class awards, and achieved a record number of industry awards[4] - The company achieved a brand value of 169.576 billion CNY, maintaining the top position in the industry according to the China Brand Value Evaluation[46] - The company received 35 Luban Awards for engineering projects, including 7 for overseas projects, and 95 National Quality Engineering Awards[47] Governance and Compliance - The company has maintained a governance structure that complies with national laws and regulations, being recognized as a model enterprise for corporate governance for 11 consecutive years[149] - The board of directors consists of 6 members, including 4 independent directors, and has established 4 specialized committees to enhance governance[151] - The company has no record of penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[172] Financial Management and Risk - The company has established a comprehensive risk management plan focusing on financial risks, including market, credit, and liquidity risks[147] - The company emphasizes risk management, particularly regarding customer credit risk and macroeconomic challenges, to mitigate potential impacts on its operations[144] - The company has implemented a differentiated market strategy, focusing on specialized and regional markets to enhance its competitive advantage[38] Future Outlook - The company plans to focus on quality growth and digital transformation in response to new market conditions in 2022[53] - The company intends to strengthen its position in the construction sector by expanding into public investment projects and high-end residential and commercial projects[139] - The company will continue to pursue internationalization, leveraging opportunities from the Belt and Road Initiative to enhance its global influence[140]