Company code: China Communications Construction Company Limited(601800) company abbreviation: China Communications Construction Company Limited(601800) China Communications Construction Company Limited(601800)
Annual report for 2021
March 30, 2022
Important tips
1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 All directors of the company attended the board meeting. 3、 Ernst & Young Huaming Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 4、 Wang Tongzhou, the person in charge of the company, Zhu Hongbiao, the person in charge of accounting, and Zhang Zhen, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report. 5、 According to the profit distribution plan or the plan of converting accumulation fund into share capital adopted by the board of directors during the reporting period, the company’s 2021 dividend distribution plan: Based on the shares on the registration date of dividend distribution equity, cash dividends of about RMB 2.0371 (including tax) will be sent for every 10 shares. 6、 Risk statement of forward-looking statements √ applicable □ not applicable. This report involves future plans, development strategies and other forward-looking statements, which do not constitute the company’s substantive commitment to investors. Investors are reminded to pay attention to investment risks. 7、 Whether there is any non operational occupation of funds by the controlling shareholders and their related parties? 8. Whether there is any external guarantee in violation of the specified decision-making procedures? 9. Whether more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company? 10. Major risks suggest that the company has described the risks faced by the company in detail in this report, and investors are invited to pay attention to it, See the description of the risks faced by the company in the “discussion and analysis of business conditions” and other chapters of this report for details. The future business outlook and business plan of the company in this report are the prediction and plan made by the management according to the company’s current business judgment, current macroeconomic policies and market conditions, and do not constitute the performance commitment made by the company. 11、 Others √ applicable □ not applicable
I. understand the annual performance of China Communications Construction Company Limited(601800) 2021
In 2021, according to the high-quality strategic goal of “two guarantees and one competition”, the company firmly established the idea of “living a tight life”, solidly and orderly promoted all work, and maintained a steady development momentum in its main performance.
catalogue
Section 1 interpretation five
Section II Company Profile and main financial indicators seven
Section III chairman’s speech fourteen
Section IV Management Discussion and Analysis sixteen
Section V corporate governance forty-five
Section VI environmental and social responsibility sixty-six
Section VII important matters seventy
Section VIII changes in shares and shareholders eighty-nine
Section IX preferred shares ninety-three
Section 10 relevant information of bonds ninety-four
Section Xi financial report Index and main concerns of investors:
Key words index main issues concerned by investors
1. Dividend policy profit distribution or capital contribution in 2021, the board of directors of the company proposed to follow the continuous and stable profit distribution policy, and distribute dividends to all shareholders according to 20% of the profit available to ordinary shareholders who realized the net profit of the year when the provident fund was converted to increase the net profit of the year, which was about 16.465 billion yuan (excluding the interest of perpetual bonds), Every 10 shares is about RMB 2.04-60 pages (including tax), and the plan needs to be reviewed and approved by the 2021 annual general meeting of shareholders.
2. Newly signed investment infrastructure in 2021, the total investment estimate of newly signed infrastructure and other investment projects is 400196 billion yuan. The contract amount of projects and other investment projects confirmed according to the company’s share ratio is 218104 billion yuan. It is estimated that the construction and installation contract amount that the company can undertake in the link of design and construction – page 23 is 187155 billion yuan. Taking “controlling the total amount, optimizing the structure, controlling risks and improving quality and efficiency” as the main line, the company promoted the preference of resources to key projects, important regions, major markets and medium and short-term projects. In 2021, the proportion of newly signed investment projects was reduced to 26% according to the confirmed contract amount.
3. As of 2021, there were 27 franchise projects in operation (another 19 projects under construction and other equity participation projects), with a cumulative investment of 185.1 billion yuan. In 2021, the operating income was 7.765-24-25 billion yuan and the net loss was 1.736 billion yuan. Among the projects in the operation period, 21 projects have been operated for less than 8 years and 6 projects have been operated for more than 8 years.
4. Business objective chairman’s speech 2022 target: the year-on-year growth of newly signed contract amount shall not be less than 11.8%, and the year-on-year growth of operating revenue – 14 pages shall not be less than 6%; The total profit and net profit increased steadily, and the asset liability ratio was controlled within 75%; The profit margin of operating income of the business plan should be increased by more than 0.1 percentage points, the labor productivity of the whole staff should be increased by 2 percentage points, and the increase of investment in scientific and technological research and development should match the increase of operating income; Strengthen the management and improvement of operating cash flow, net flow, surplus cash guarantee ratio and other indicators.
Key words index main issues concerned by investors
5. Domestic market exhibition business plan domestic outlook in 2022: closely follow the national strategy, give play to its own advantages and accelerate development Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) , hope – page 41-42: consolidate and expand the foundation of large transportation business, upgrade business in big cities, plant advantages in river, lake and sea business, grasp the opportunities of domestic infrastructure construction, and focus on and promote the implementation of major projects.
6. Overseas development overseas market in 2021, the contribution of project revenue from overseas regions accounted for 14%, and the contribution of newly signed contracts accounted for 17%. Overseas outlook for 2022: continue to give priority to overseas development ideas, continue to deepen the market layout outside the overseas business plan, improve the global resource allocation capacity, optimize the overseas business structure, and strengthen the overseas investment and M & a business.
7. New business development business plan with beautiful China, rural revitalization, great protection of the Yangtze River, ecological protection and high-quality development of the Yellow River Basin – Page 42, the in-depth implementation of the “3060” double carbon action, and based on the market demand of water conservancy and ecological environmental protection, actively explore the integration of port industry and city, port and shipping construction and environmental governance Canal economic belt construction and other development directions. Pay close attention to the main project of Ningbo Zhoushan base, Shanghai Yangshan North District, Nantong TongZhou bay port production city and other key CCCC core businesses, promote the water resources allocation and water conservancy projects in important cities such as the second phase of the east line of the South-to-North Water Transfer Project and the diversion of the Yellow River to Jining, as well as the implementation of ecological governance projects such as ecological green road, reservoir dredging and lake management, Seize the opportunity of offshore wind power construction, expand upstream and downstream of the industrial chain, and further improve the market space and industry development level.
8. Notes to the top ten shareholders of H shares: from September 15, 2021 to January 28, 2022 (the last trading day before the company’s annual performance ban trading period), CCCC group has increased its H shares by about 115 million shares, about 90 pages, accounting for 0.71% of the company’s total share capital. After the implementation of the above increase, CCCC group holds about 9.489 billion shares of the company (including about 9.374 billion A-Shares and about 115 million H shares), accounting for about 58.70% of the total share capital of the company.
9. Implement the training of socially responsible employees, focus on the “3060” double carbon goal, print and issue the green and low-carbon action plan, carry out special rectification activities such as fixed asset investment, pollution prevention and control of construction projects and pollution prevention and control of industrial enterprises, and comprehensively improve the ability of environmental and social responsibility protection and governance; We are determined to do a good job in the effective connection between consolidating the achievements of poverty alleviation and rural revitalization, hold a 59 page exhibition of the action of “China Communications Assistance dream”, and implement the assistance mode of “plan + market”, “government + enterprise” and “short-term + long-term”, so as to add color to the new picture of beautiful villages; Join hands with employees to grow up, ensure safe production, bravely participate in epidemic prevention and control, flood fighting and disaster relief, spare no effort to ensure the safety of people’s lives and property, read “people’s worries”, act “people’s expectations”, and unswervingly hold hands with all stakeholders.
Financial statements signed and sealed by the legal representative, the person in charge of accounting and the person in charge of accounting institutions.
The original of all company documents and announcements publicly disclosed in China Securities News, Shanghai Securities News, securities daily and securities times during the reporting period.
The company’s 2021 annual performance announcement announced on the main board of the stock exchange of Hong Kong.
Section I interpretation
1、 Interpretation in this report, unless the context otherwise requires, the following words have the following meanings: Interpretation of common words
The company, the company and China Communications Construction Company Limited(601800) refer to China Communications Construction Company Limited(601800)
The group / CCCC refers to China Communications Construction Company Limited(601800) and its subsidiaries
First navigation bureau refers to CCCC first Navigation Engineering Bureau Co., Ltd
Second navigation bureau refers to CCCC Second Navigation Engineering Bureau Co., Ltd
Third Navigation Bureau refers to CCCC Third Navigation Engineering Bureau Co., Ltd
Fourth Navigation Bureau refers to CCCC fourth Navigation Engineering Bureau Co., Ltd
First public bureau group refers to CCCC first public Bureau Group Co., Ltd
CCCC Road & Bridge Construction Co., Ltd
Third Highway Engineering Bureau refers to CCCC Third Highway Engineering Bureau Co., Ltd
CCCC Fourth Highway Engineering Bureau Co., Ltd
CCCC urban investment refers to CCCC Urban Investment Holding Co., Ltd
Finance company refers to CCCC Finance Co., Ltd
CCCC leasing refers to CCCC Finance Leasing Co., Ltd
Fund company refers to CCCC investment fund management (Beijing) Co., Ltd
CCCC Tianhe refers to CCCC Tianhe mechanical equipment manufacturing Co., Ltd
Tianjin Navigation Bureau refers to CCCC Tianjin Waterway Bureau Co., Ltd
Sinotrans Zejun refers to Sinotrans Zejun navigation Co., Ltd
