中国建筑兴业2023年年报

China State Construction DevelopmentHoldings Limited pursues the core valuesof ”integrity, innovation, pragmatismand excellence”, adheres to the businessphilosophy of ”quality assurance andvalue creation”, strictly manages corporategovernance, actively fulfills its socialresponsibility. The Group also continuesto pursue continuous adding valueon shareholders, employees, workingpartners and society under the all-winharmonious situations. It is committedto developing sustainably and buildinga century-long foundation. In the newera, it is progressing towards the world’smost competitive facade technologyconglomerate. MISSIONANDVISION CONTENTS 2CORPORATE STRUCTURE3FINANCIAL HIGHLIGHTS4MAJOR EVENTS OF THE YEAR16BOARD OF DIRECTORS AND COMMITTEES18CORPORATE INFORMATION20MAJOR PROJECTS IN PROGRESS OVERVIEW24CHAIRMAN’S STATEMENT32MANAGEMENT DISCUSSION AND ANALYSIS38DIRECTORS AND ORGANISATION46CORPORATE GOVERNANCE REPORT66REPORT OF THE DIRECTORS90CONNECTED TRANSACTIONS104AUDITED FINANCIAL INFORMATION•Independent Auditor’s Report•Consolidated Income Statement•Consolidated Statement of Comprehensive Income•Consolidated Statement of Financial Position•Consolidated Statement of Changes in Equity•Consolidated Statement of Cash Flows•Notes to the Consolidated Financial Statements223PARTICULARS OF INVESTMENT PROPERTIES224FIVE-YEAR FINANCIAL SUMMARY CORPORATE STRUCTURE China State ConstructionDevelopment Holdings Limited FINANCIAL HIGHLIGHTS Thekey financial and business performance indicators compriserevenue growth; profitability growth; return on equity and dividendpayout. Details of the key performance indicators are stated as below. PROFIT ATTRIBUTABLE TO OWNERSOF THE COMPANY MAJOR EVENTS OF THE YEAR FEBRUARY The Chief Executive showcasedHong Kong's strength in facadeconstruction by referencing BurjKhalifa Awarded the “Caring Company” Label ChinaState Construction Development Holdings Limited(hereinafterreferred to as“CSCD”or“830”or the"Company") wasawarded the “Caring Company” Labelby The Hong Kong Council of Social Service forconsecutiveten years, which fully demonstrated its corporate image ofproactively fulfilling social responsibility and giving back tothe society. John Lee Ka-chiu, Chief Executive of the Hong Kong SpecialAdministrativeRegion,participated in the United ArabEmiratesBusiness Forum,highlighting that the facadeprojects of the world’s tallest building, Burj Khalifa, inDubai was built by Hong Kong enterprises. This onceagain demonstrated the strength of “Far East Facade” of830, which stood as a leading global one-stop provider offacade service in facade construction. 830 830 MARCH Be Recognized with the “QualityContractor” Award Completed a Large-scale RooftopPhotovoltaic Renovation Project The“2022 Construction and Renovation IndustryOutstanding Awards Ceremony” organised by the HongKong Professional Building Inspection Academy was heldat the Hong Kong Convention and Exhibition Centre. FarEast Facade (Hong Kong) Limited (“Far East Facade HongKong”),a subsidiary of 830,was recognised with the“Quality Contractor” Award for its outstanding qualitymanagement. Far East Facade (Zhuhai) Limited* (“Far East Zhuhai”),asubsidiary of 830,completed the construction of alarge-scale rooftop photovoltaic renovation project andpassed the work inspection of grid connection. 830 2022830 MAJOR EVENTS OF THE YEAR APRIL MAY Breakthroughs in the R & D of BIPVproducts Rated as “Zero-exceedance” ofPollutant Emissions Unit Theeight thermal power plants of Shenyang HuangguThermoelectricity Company Limited* (), a subsidiary of 830, wererated as the only “zero-exceedance”of pollutant emissions unit in YuhongDistrict, Shenyang. Light A (light imitation aluminium panels photovoltaicmodules),the latest photovoltaic facade productdevelopedby Far East Zhuhai,a subsidiary of 830,wasunveiled at in the sustainable developmentbrandexhibition area of the third Macau BEYONDInternational Science and Technology Innovation Expo,making a breakthrough in the research and development (R& D) of BIPV products. 830 BIPV 830Light ABEYONDBIPV Showcased at Tektónica InternationalBuilding and Construction Fair New Progress Made in the InnovativeBusiness Development Thenew photovoltaic building material BIPV (BuildingIntegratedPhotovoltaic Vehicle)“Light S(thelightweightartificial stone photovoltaic modules)”series of photovoltaic facade products,developed throughcollaborative research efforts by 830, were showcased atthe25th Tektónica International Building and ConstructionFairin Portugal,which demonstrated the Group's strongcommitmentto supporting the construction industry inachieving a green and low-carbon transformation. Newprogress was made in the innovative businessdevelopment of China Overseas Supervision Company Limited*(“China Overseas Supervision”), a subsidiary of 830. •It won the bid for theintegrated supervision projectof Tianan Yungu Industrial Park Phase III (Lot 02-01and Lot 02-11); and•Itwon the bid for