Company code: China State Construction Engineering Corporation Limited(601668) company abbreviation: China State Construction Engineering Corporation Limited(601668) China State Construction Engineering Corporation Limited(601668)
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 www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. 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. 3. This report was deliberated and adopted at the 15th meeting of the third board of directors of the company, and all directors of the company attended the meeting of the board of directors. 4 Ernst & Young Huaming Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. 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
Based on 41940858844 shares of the company as of the disclosure date, a cash dividend of RMB 2.50 (including tax) is distributed to all ordinary shareholders for every 10 shares. The ratio of the annual cash dividend amount of the company to the net profit attributable to shareholders of the listed company is 20.40%. If the total share capital of the company changes before the date of equity distribution and equity registration, the company plans to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and announce the specific adjustment separately. The above profit distribution plan has been deliberated and approved at the 15th meeting of the third board of directors of the company, and shall be implemented after being deliberated and approved by the 2021 annual general meeting of shareholders of the company.
Section II basic information of the company
1 company profile
Company stock profile
Stock abbreviation before stock exchange listing
A-share Shanghai Stock Exchange China State Construction Engineering Corporation Limited(601668) China State Construction Engineering Corporation Limited(601668) not applicable
Contact person and contact information: Secretary of the board of directors
Name: Xue Keqing
Office address: CSCEC Fortune International Center, building 3, yard 5, Anding Road, Chaoyang District, Beijing
Tel: 01086498888
E-mail [email protected].
2. Introduction to the company’s main business in the reporting period
China State Construction Engineering Corporation Limited(601668) is one of the investment and construction groups with the longest history of specialized operation, the earliest market-oriented operation, the highest degree of integration and the largest scale in the world. It occupies a leading position in the field of housing construction engineering, infrastructure construction and investment, real estate development and investment, survey and design and so on China State Construction Engineering Corporation Limited(601668) ranked 13th in the 2021 list of “Fortune Global 500”, the top three in the “fortune China 500” list for nine consecutive years, and continued to rank first in the 2020 list of “the world’s largest 250 engineering contractors” by the United States Engineering News Record (ENR) China State Construction Engineering Corporation Limited(601668) 16 times the annual assessment of the state owned assets supervision and Administration Commission of the State Council. Standard & Poor’s, Moody’s and Fitch rated China State Construction Engineering Corporation Limited(601668) as a / A2 / A, which is expected to remain “stable”, and the company will continue to maintain the world’s highest credit rating in the industry.
China State Construction Engineering Corporation Limited(601668) is one of the most powerful investors in China. Its main investment directions are real estate development, financial investment and construction, comprehensive urban construction and other fields. The company strengthens internal resource integration and business collaboration, creates a “four in one” business model of “planning and design, investment and development, infrastructure construction and housing construction engineering”, and provides a package of services in all fields, processes and elements for urban construction China State Construction Engineering Corporation Limited(601668) is the largest engineering contractor in the world. Its business performance covers more than 100 countries and regions in China and overseas. Its business scope covers all fields of urban construction and each link of project construction. It has comprehensive design ability, construction ability and land development ability, from product technology research and development, survey and design, real estate development, engineering contracting, equipment manufacturing, asset operation The complete industrial chain of construction products such as property management, the vast majority of super high-rise buildings above 300 meters in China, and many buildings with high technical content and complex structural forms are constructed by China State Construction Engineering Corporation Limited(601668) contractor.
Housing construction engineering: China State Construction Engineering Corporation Limited(601668) has absolute advantages in the field of housing construction engineering. It adheres to the marketing strategy of “high-end market, high-end customers and high-end projects” and the enterprise business strategy of “low-cost competition and high-quality management”. By constantly tapping its own potential and pursuing high-quality projects, it is committed to providing global customers with one-stop comprehensive services for the whole process of various high, large, fine, sharp, difficult and special construction projects. The company has undertaken a large number of landmark buildings in super high-rise, large venues, industrial plants, office buildings, hotels, hospitals, schools and other subdivided fields, representing the leading level in the field of housing construction in China and even the world.
Infrastructure construction and Investment: China State Construction Engineering Corporation Limited(601668) based on the simultaneous development of infrastructure construction and project investment, on the one hand, relying on the advantages of technology, management and talents, it has developed rapidly in the infrastructure fields such as urban rail transit, high-speed rail, super large bridges, expressways, municipal roads, urban comprehensive corridors, ports and waterways, electric power, mining, metallurgy, petrochemical industry, airport and nuclear power station, and has completed many classic projects; On the other hand, relying on its strong capital strength, it has rapidly developed into a first-class infrastructure investment and financing developer in China. It has successively invested and constructed a large number of national and local key projects in China, and is highly trusted in the fields of financing, investment and construction modes such as BT, BOT and PPP. At present, the company has established long-term strategic cooperative relations with many provinces (autonomous regions) and municipalities directly under the central government and dozens of key cities in China. Overseas, China State Construction Engineering Corporation Limited(601668) infrastructure business also covers dozens of countries and regions in North America, China and the United States, Hong Kong and Macao, Southeast Asia, North Africa, central and western Africa, South Africa, the Middle East, Central Asia and other regions.
Real estate development and Investment: China State Construction Engineering Corporation Limited(601668) owns two real estate brands, CNOOC real estate and CSCEC real estate. CNOOC real estate is the general brand name of the real estate business of the company’s China overseas group. Its brand value has always been in the leading position in China’s real estate industry. It has carried out real estate development business in dozens of economically active cities in national strategic regions such as Guangdong, Hong Kong, Macao, the Yangtze River Delta, Beijing, Tianjin and Hebei, and built a balanced and stable national strategic layout. In the future, CNOOC real estate will also strive to become an excellent international real estate development and operation group, With “transformation and upgrading” as the keynote, accelerate the formation of a pattern dominated by residential product development, supplemented by high-quality commercial development and operation, supplemented by emerging businesses such as education and health care.
CSCEC real estate is the brand used in the real estate business of all bureaus and institutes of the company. Its main business is the middle-end real estate development in the first and second tier cities and the localized operation of real estate projects in the third and fourth tier cities China State Construction Engineering Corporation Limited(601668) strengthen internal resource integration and business collaboration, and strive to realize the vertical integration of investment, development, design, construction, operation and service. With excellent construction technology, advanced real estate development concept and first-class property service quality, it has established a mature investment operation and risk management system in the field of real estate business, forming a unique competitive advantage of the industrial chain.
Survey and Design: China State Construction Engineering Corporation Limited(601668) is the largest comprehensive architectural design enterprise group in China. The survey and design sector is mainly composed of 7 large survey and design enterprises with class a design qualification. Its business covers many fields such as architectural design, urban planning, engineering survey, municipal public engineering design, etc. it takes a leading position in China in the fields of airports, hotels, sports buildings, Expo buildings, ancient buildings, super high-rise buildings and other fields, and is in the original design Scientific and technological innovation, standards and norms have made important contributions to the development of the industry.
Overseas operation: China State Construction Engineering Corporation Limited(601668) is one of the earliest enterprises in China to carry out international engineering contracting business. Overseas engineering contracting business covers housing construction, manufacturing, energy, transportation, water conservancy, industry, petrochemical, hazardous material treatment, telecommunications, sewage / waste treatment and other fields, and has explored and successfully implemented overseas real estate development. In terms of project operation, in addition to the traditional general contracting mode, the company also actively explores the project operation modes such as general contracting, DB, EPC, BOT and PPP driven by financing and investment, actively tries capital operation modes such as cross-border mergers and acquisitions, and strives to promote the quality and efficiency of overseas business. One belt, one road, is to take the opportunity of “one belt and one road” to serve the countries along the border, improve the level of infrastructure, enhance the well-being of local people, and enhance the brand influence of the company. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: thousand yuan currency: RMB
Compared with the previous year in 2020
2021 to 2019
Adjustment before adjustment and increase base note (%)
Total assets 2388249126219237949421921738398.92034451929
Net assets attributable to shareholders of listed company 3439 Kunming Yunnei Power Co.Ltd(000903) 00463053 Jiangsu Lixing General Steel Ball Co.Ltd(300421) 43114.5277197681
Operating income 18913389701615050549161502332717.11419836588
Net profit attributable to shareholders of listed company 51407661449249294494425014.441881399
Net profit attributable to the listed company of 49626549667
Net cash flow from operating activities 143613212027361520271781 – 29.2 – 34220077
Weighted average net assets 15.93 15.53 15.54 increased by 0.39 15.60 yield (%) percentage points
Basic earnings per share 1.25 1.07 1.07 16.8 0.97 (yuan / share)
Diluted earnings per share 1.25 1.07 1.07 16.8 0.96 (yuan / share) 3.2 main accounting data by quarter in the reporting period
Unit: thousand yuan currency: RMB
First quarter second quarter third quarter fourth quarter (January March) (April June) (July September) (October December)
Operating income 404730157531985806400331605554291402
11014174146286491218728113577557 net profit attributable to shareholders of listed company
Net profit of 10968031135703481199741312928965 after deducting non recurring profits and losses
Net cash flow from operating activities – 45781170 – 3962933638618057719244 Description: the company’s quarterly main financial data have not been audited. Description of differences between quarterly data and disclosed periodic report data □ applicable √ not applicable 4 shareholders 4.1 total number of ordinary shareholders, total number of preferred shareholders with voting rights restored, total number of shareholders holding special voting shares and top 10 shareholders at the end of the reporting period and the end of the month before the disclosure of the annual report
Unit: shares
Total number of common shareholders by the end of the reporting period (households)
