Company code: 603176 company abbreviation: Huitong group Huitong Construction Group Co., Ltd
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should go to the website of Shanghai Stock Exchange (www.sse. Com. CN.) The website carefully reads the full text of the annual report. Section 1 the board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness 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 Rongcheng Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 4. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The company plans to distribute a cash dividend of 0.30 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 466660000 shares. Based on this calculation, the total cash dividend to be distributed is 1399980000 yuan (including tax). In 2021, the net profit attributable to the shareholders of the listed company was 8376166482 yuan, and the distributable profit of the parent company at the end of 2021 was 11488386829 yuan. In this year, the company’s cash dividends accounted for 16.71% of the net profit attributable to the owners of the parent company. The company did not give bonus shares or convert capital reserve into share capital.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Huitong group 603176 none
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wu Yue, Ming Wang Zhiyun
Office address: No. 69, Shiji East Road, Gaobeidian City
Tel: 0312559521803125595218
E-mail [email protected]. [email protected] Introduction to the company’s main business during the reporting period
According to the standard of industry classification guidelines for listed companies issued by China Securities Regulatory Commission in 2012, the industry of the company’s business is “E48 civil engineering construction industry” under the category of “e construction industry”. On January 17, 2022, the Information Office of the State Council of the people’s Republic of China held a press conference on the operation of the national economy in 2021. According to the preliminary accounting, China’s GDP in 2021 was 114367 billion yuan, an increase of 8.1% over the previous year (calculated at constant prices). According to the statistical bulletin of national economic and social development in 2021 issued by the National Bureau of statistics, the added value of the construction industry in the whole society reached 8013.8 billion yuan, an increase of 2.1% over the previous year. The profits of qualified general contracting and professional contracting construction enterprises nationwide were 855.4 billion yuan, an increase of 1.3% over the previous year. According to the statistical analysis on the development of construction industry in 2021 issued by China State Construction Engineering Corporation Limited(601668) Industry Association, the proportion of added value of construction industry in China’s GDP has always remained above 6.85% since 2012 and reached 7.01% in 2021. The status of construction industry as a pillar industry of national economy is stable. The 14th five year plan for national economic and social development of the people’s Republic of China and the outline of long-term objectives for 2035 put forward to improve the depth of traffic access, promote the construction of regional railways, speed up the construction of border roads, continue to promote the construction of “four good rural roads” and improve road safety facilities. Implement the main parallel lines and connecting lines of national expressways such as Beijing Shanghai, Beijing, Hong Kong and Macao, Changsha Shenzhen, Shanghai Kunming and Lianhuo, and promote the construction of expressways in xiong’an new area such as Beijing Xiong. The mileage of newly reconstructed expressway is 25000 kilometers. The outline of the national comprehensive three-dimensional transportation network planning proposes to build a perfect national comprehensive three-dimensional transportation network. By 2035, the total scale of the physical line network of the national comprehensive three-dimensional transportation network will be about 700000 kilometers (excluding the overseas section of international land channel, air and sea routes and postal route mileage). Among them, about 200000 kilometers of railway, 460000 kilometers of highway and 25000 kilometers of high-grade waterway. The reply of the State Council on the overall planning of xiong’an New District of Hebei Province (20182035) proposes to speed up the establishment of rail and road transportation networks connecting xiong’an new district with Beijing, Tianjin and other surrounding cities and Beijing Daxing International Airport in accordance with the requirements of network layout, intelligent management and integrated services. Improve the expressway and trunk highway network connecting xiong’an new area with the outside. Adhere to public transport priority, comprehensively arrange all kinds of urban transportation facilities, realize smooth transfer and seamless connection of various transportation modes, and create a convenient, safe, green and intelligent transportation system.
According to the development objectives proposed in the 14th five year plan for highway development in Hebei Province, by 2025, the effective supply of highway infrastructure will be steadily enhanced, the safety and emergency support capacity will be significantly improved, and the level of green intelligence will be significantly improved, effectively supporting the high-quality development of transportation in Hebei. The total mileage of roads has reached about 220000 kilometers, including about 9000 kilometers of expressways, 22000 kilometers of ordinary trunk roads and 189000 kilometers of rural roads. The expressway network has been further improved, the national expressway network has been fully completed, and the traffic capacity of important channels has been effectively improved. The proportion of class II and above of ordinary trunk roads reaches 92%. Basically realize the connection of class I and above roads between cities and counties, class II and above roads between adjacent counties, class III and above roads in villages and towns, two lane roads in 85% of administrative villages with more than 2000 people, and hardened roads in more than 20 natural villages.
By 2025, about 1200 kilometers of expressways will be completed and opened to traffic, more than 2000 kilometers of ordinary trunk roads will be completed and opened to traffic, and 30000 kilometers of rural roads will be constructed and reconstructed. The 14th five year plan for housing and Urban-Rural Construction in Hebei Province proposes to speed up the work of making up for weaknesses and upgrading infrastructure, strengthen the systematic construction of urban underground municipal infrastructure, and realize the coordinated development of above ground and underground. Improve the urban road system, open up dead end roads, increase the density of branch road network, and build a road network structure with reasonable grading of expressways, trunk roads, secondary trunk roads and branch roads.
To sum up, highway, housing construction and municipal engineering will continue to be the development focus of China’s infrastructure construction in the future. At the same time, the continuous promotion of national strategies such as the construction of xiong’an new area and the coordinated development of Beijing, Tianjin and Hebei will further promote the development of the company’s regional market.
The company’s main business is highway, municipal, housing construction and related building materials sales, survey and design, test and testing. The details are as follows:
(I) engineering construction business. The company has a number of comprehensive qualifications and professional qualifications, such as special grade qualification for general contracting of highway engineering construction, grade I qualification for general contracting of municipal public engineering construction, grade II qualification for general contracting of construction engineering, grade III qualification for general contracting of water conservancy and hydropower engineering construction, grade III qualification for general contracting of electromechanical engineering construction, etc. The company has successively undertaken a number of engineering construction businesses in the fields of transportation construction, municipal infrastructure construction and construction engineering.
(II) investment projects. PPP mode, that is, the cooperation mode between the government and social capital, refers to the interest sharing, risk sharing and long-term cooperation relationship established by the government with social capital through franchising, service purchase, equity cooperation and other means in order to enhance the supply capacity of public goods and services and improve the supply efficiency, Its typical structure is: the government department or local government signs a concession contract with the special purpose company established by the bid winner in the form of government procurement. The special purpose company is generally composed of the bid winning construction company, service operation company or a third party investing in the project, and the special purpose company is responsible for financing, construction and operation. The essence of this form of financing is that the government speeds up the construction and effective operation of infrastructure by giving private companies long-term franchise and usufruct. Under the PPP mode, the special purpose company (SPV) composed of the company and the government is responsible for the investment, financing, construction and operation of the project. On the one hand, the company undertakes the construction tasks of the project in the form of general construction contract to obtain the construction income, on the other hand, it obtains the subsequent operation income of the project by holding the equity of the special purpose company. During the reporting period, the PPP projects constructed and operated by the company mainly include the new airport expressway project, Longhua project, and the operated PPP investment and construction project Qiancao expressway project.
(III) sales of building materials. The sales business of building materials mainly includes the production and sales business of all kinds of building semi-finished materials and the trade business of building materials. The production and sales of building semi-finished materials are ready mixed concrete, including asphalt concrete, cement concrete and cement stabilized macadam. According to the needs of the project, the company has built its own mixing station to provide building materials for the project undertaken by the company. The existing mixing station of the company is mainly located in Gaobeidian City, located in Beijing The hinterland of Tianjin and Baoding triangle, close to xiong’an new area, has natural location advantages. At present, xiong’an new area has entered the stage of large-scale construction, and more than 100 key projects have started construction in xiong’an. Xiong’an new area and its surrounding areas have strong demand for building materials procurement. On the premise of meeting its own needs, the company makes use of its own mixing station resources and the location advantages close to xiong’an new area, Sale of processed ready mixed concrete building materials. In addition, considering the company’s internal material management and cost control, the company established chengyida trading to engage in material sales business. Before 2019, the company mainly provided corresponding materials for its own projects. With the increase of the company’s procurement scale, the accumulation of brands and the improvement of cooperative relations with suppliers, the company gradually carried out external material sales business. In March 2021, Huitong highway, a subsidiary of the company, was shortlisted in the catalogue of ready mixed concrete enterprises for the bulk building materials centralized procurement service platform of the construction headquarters of xiong’an new area. The catalogue is set up to ensure the supply of ready mixed concrete for the construction of xiong’an new area. For the government investment projects of xiong’an new area, all the new procurement needs of ready mixed concrete should be determined according to the centralized procurement catalogue, And encourage social investment projects to determine ready mixed concrete supply enterprises according to the centralized procurement catalogue. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 363940839257334711606959 8.73313569682893
Attributable to listed companies
Net assets of shareholders of the company 9550488973473391733572 30.1363618526696
Operating income 236816068209239798372081 -1.24240714153066
Attributable to listed companies
The net profit of shareholders of the company 83761664829633191658 -13.059073780078 belongs to the listed company
The net profit of shareholders of the company deducting 81859132269685443096 -15.489345310053 non recurring profits and losses is generated from operating activities
Net cash flow of -227387109830327861425 -107.5013049743134
Weighted average net assets 10.85 13.96 decreased by 3.11 percentage points and 16.83 yield (%) points
Basic earnings per share 0.24 0.28 -14.29 0.27 (yuan / share)
Diluted earnings per share 0.24 0.28 – 14.29 0.27 (yuan / share) 3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
