Value Creation

Value Creation

Economic performance

CREC is committed to becoming the pillar of national economicdevelopment.In 2022, the Company completed the infrastructureconstruction in railways, highways, rail transit, ports, municipal works andairports in the alobal market, particularly in the Chinese market, Thisstimulated global and local economic growth, bolstered economicdevelopment and social progress, and continuously created andaccumulated high-quality material wealth for society.
In 2022, the Company recorded total value of newly-signed contracts ofRMB3,032.39 billion, up 11.1% year on year; total revenues of RMB1,154.358billion, up 7.56% year on year; realized net profit attributable to the parentcompany of RMB31.276 billion, up 1325% year on year. These increasesdemonstrate that CREC has become the major creator of social wealth andan important driving force for social and economic development.

Employment promotion

The Company has regarded promoting employment as a key element tofulfill corporate social responsibilities. In 2022, the Company activelyresponded to the call of the SASAC of the State Council for stabilizing jobsand expanding employment, steadily scaled up the recruitment ofgraduates based on its own development strategy while continuing tointroduce more college graduates. Meanwhile, it increased the recruitmentof scientific research personnel in key areas and key industries and urgentlyneeded personnel majoring in carbon peak and carbon neutrality-relatedmajors. In 2022, the Company introduced a total of 21,461 collegegraduates, an increase of 20.23% compares with 2021, including 19,614undergraduates, accounting for 91.4% of the total, 1,819 postgraduatestudents, accounting for 8.5% and 28 PhD. At the same time, the Companystrictly abides by the Labor Contract Law and other relevant laws ancregulations, and the relevant requirements of the Ministry of HumanResources and Social Security, the Ministry of Education, the SASAC, etcand formulates Talent Recruitment Management Regulations, which clearlrequires resolute elimination of all actions of discrimination and viciouscompetition against ethnicity, region, religion, gender, family, etC., provide!equal employment and promotion opportunities for all employees, andhas established a management mechanism for talents of market-orientedintroduction, common development with enterprises, and legal andcompliant exit.
In 2022, the Company continued providing opportunities for stabilizing theemployment and income of migrant workers and promoted theimplementation of measures such as real-name management of migrantworkers, special wage accounts, wage deposits and payroll credit, to seethat their wages are paid on time and in full. Meanwhile, the Companystrictly provided pre-job safety education and training and on-siteoperation skill training to peasant workers, and provided intensive pre-jobtraining for workers involved in special types of work to improve their skills.

Win-win cooperation

CREC places considerable value on strategic cooperation with domesticand overseas organizations and large-scale enterprises. The Company hasestablished stable strategic alliances and close cooperative relationshipswith governments at all levels, colleges and universities, socialorganizations, financial institutions and relevant enterprises in talenttraining, fund management, construction and production, material supplyculture construction, technological innovation and strategic development.and promoted all-round complementary advantages to achieve resourcesharina and collaborative development
In 2022, the Company fully utilized its advantages in funding, technology.management, and talent to engage in high-level exchanges with localgovernments and enterprises, including Xinjiang Uygur AutonomousRegion, Liaoning Province Shanxi Province Shandong Province, AnhuiProvince, Jiangsu Province, Fujian Province, Chongqing City, YunnanProvince, Guizhou Province, China Export & Credit Insurance Corporation.Sinopharm, China Academy of Building Research, CITIC Group, PICC, StatePower Investment Corporation, China Unicom, China Energy EngineeringGroup, and CIECC. This laid a solid foundation for in-depth cooperation inthe future.