Financial Performance - The company reported a total revenue of 3.866 billion yuan, a decrease of 2.992 billion yuan compared to the same period last year, representing a year-on-year decline of 43.63% [1] - The net profit attributable to shareholders was -256 million yuan [1] - The net cash inflow from operating activities was 369 million yuan, down by 179 million yuan from the same period last year, a year-on-year decrease of 32.59% [1] Financial Ratios - The latest debt-to-asset ratio is 79.17%, an increase of 0.45 percentage points from the previous quarter [3] - The latest gross profit margin is 30.60%, a decrease of 0.57 percentage points from the previous quarter [3] - The latest return on equity (ROE) is -2.61% [3] - The diluted earnings per share is -0.17 yuan [3] Efficiency Metrics - The latest total asset turnover ratio is 0.07 times, a decrease of 0.05 times compared to the same period last year, representing a year-on-year decline of 40.83% [3] - The latest inventory turnover ratio is 74.97 times, down by 127.55 times from the same period last year, a year-on-year decrease of 62.98% [3] Shareholder Information - The number of shareholders is 41,600, with the top ten shareholders holding a total of 597 million shares, accounting for 38.99% of the total share capital [3] - The largest shareholder is Lai Zhenyuan, holding 16.6% of the shares [3]

Core Insights - Longyuan Construction (600491.SH) reported its Q3 2025 results on October 30, 2025, highlighting a total of 2 institutional investors holding A-shares, amounting to 167 million shares, which represents 10.91% of the total share capital [1] - The institutional holding percentage decreased by 4.72 percentage points compared to the previous quarter [1] Institutional Holdings - The two institutional investors include Hangzhou Transportation Investment Group Co., Ltd. and Hong Kong Central Clearing Limited, with a combined holding ratio of 10.91% [1] - In the public fund sector, 70 public funds were not disclosed in this period compared to the previous quarter, including notable funds such as Penghua High-Quality Growth Mixed A and China Europe Value Selection Mixed A [1] - One social security fund, the National Social Security Fund 503 Portfolio, was not disclosed in this period compared to the previous quarter [1]

Group 1 - The core point of the article is that Longyuan Construction (600491.SH) reported a significant decline in revenue and a net loss for the third quarter of 2025 [1] Group 2 - The company's operating revenue for the third quarter was 1.214 billion yuan, representing a year-on-year decrease of 36.48% [1] - The net profit attributable to shareholders of the listed company was -327 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -331 million yuan [1]

Core Insights - Longyuan Construction (600491.SH) reported a significant decline in revenue for Q3 2025, with total revenue of 1.214 billion yuan, representing a year-on-year decrease of 36.48% [1] - The net profit attributable to shareholders of the listed company was -327 million yuan, indicating a loss [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -331 million yuan, further highlighting the company's financial struggles [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,214,356,289.50, a decrease of 36.48% compared to the same period last year[3] - The total profit for the period was -¥341,323,589.41, with a year-to-date total profit of -¥200,383,736.57[3] - The net profit attributable to shareholders was -¥326,838,048.32 for the quarter, and -¥256,453,919.68 year-to-date[3] - The company experienced a 43.63% decline in operating revenue year-to-date, primarily due to a decrease in orders[8] - Total operating revenue for the first three quarters of 2025 was CNY 3,865,941,164.04, a decrease of 43.5% compared to CNY 6,858,169,965.22 in the same period of 2024[17] - The net profit for the first three quarters of 2025 was a loss of CNY 221,517,564.18, compared to a loss of CNY 301,160,663.47 in the same period of 2024, indicating an improvement of 26.5%[18] - The operating profit for the first three quarters of 2025 was a loss of CNY 191,340,911.88, compared to a loss of CNY 284,794,465.69 in 2024, showing a 32.8% improvement[17] - The comprehensive income total for the first three quarters of 2025 was a loss of CNY 224,726,413.15, compared to a loss of CNY 302,245,866.41 in 2024, indicating a 25.7% improvement[18] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.17, compared to CNY -0.21 in 2024, showing an improvement of 19.0%[18] Cash Flow - The net cash flow from operating activities was ¥220,517,250.94, a decrease of 32.59% year-to-date[3] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 6,321,625,226.66, a decrease of 31.4% compared to CNY 9,256,883,793.42 in the same period of 2024[19] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 369,463,809.78, down 32.6% from CNY 548,054,935.42 in 2024[19] - The cash inflow from investment activities was CNY 131,237,550.64, a decline of 66.4% compared to CNY 389,914,115.17 in the previous year[20] - The net cash flow from investment activities was CNY 118,284,349.90, down 63.8% from CNY 326,515,788.03 in 2024[20] - The cash inflow from financing activities totaled CNY 1,336,332,809.89, a decrease of 56.4% compared to CNY 3,064,221,847.56 in the same period of 2024[20] - The net cash flow from financing activities was -CNY 427,329,831.56, an improvement from -CNY 1,327,130,223.94 in 2024[20] - The total cash outflow from operating activities was CNY 5,952,161,416.88, down 31.5% from CNY 8,708,828,858.00 in 2024[19] - The cash paid to employees was CNY 620,155,519.99, a decrease of 14.3% from CNY 723,745,916.80 in the previous year[19] - The cash and cash equivalents at the end of the period increased to CNY 979,073,059.68, compared to CNY 748,287,002.63 at the end of 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥52,617,926,949.29, down 5.07% from the end of the previous year[4] - The equity attributable to shareholders decreased by 2.81% to ¥9,812,513,395.65 compared to the end of the previous year[4] - The total assets of the company as of September 30, 2025, were CNY 52.618 billion, a decrease from CNY 55.428 billion at the end of 2024[14] - Current assets decreased from CNY 28.647 billion at the end of 2024 to CNY 25.622 billion as of September 30, 2025[14] - The company's long-term equity investments were valued at CNY 715.988 million, slightly down from CNY 722.206 million[14] - The company’s total liabilities as of September 30, 2025, were CNY 25.622 billion, compared to CNY 28.646 billion at the end of 2024[14] - The total liabilities as of the latest reporting period were CNY 41,659,751,312.25, down from CNY 44,221,110,691.65 in the previous year, a decrease of 11.5%[17] - The total equity attributable to shareholders was CNY 9,812,513,395.65, down from CNY 10,095,942,527.81, reflecting a decrease of 2.8%[17] Inventory and Shareholder Information - The company reported a significant increase in inventory by 186.69%, attributed to an increase in raw materials for production[8] - The number of ordinary shareholders at the end of the reporting period was 41,580[10] - As of the end of the reporting period, overdue bills amounted to CNY 159 million, and overdue loans totaled CNY 909 million[12] - The company has not engaged in any share lending or borrowing activities during the reporting period[12] Research and Development - Research and development expenses decreased to CNY 53,770,349.99 in 2025 from CNY 87,379,600.77 in 2024, a reduction of 38.5%[17] Business Developments - The company did not report any new product developments or market expansions during this period[21]

2025 年第三季度经营数据公告 证券代码：600491 证券简称：龙元建设 编号：临 2025-035 龙元建设集团股份有限公司关于 2025 年第三季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据上海证券交易所 2022 年 1 月 7 日发布的《上海证券交易所上市公司自 律监管指引第 3 号—行业信息披露》第八号-建筑中第十九条的规定，上市公司 应当每季度按不同业务类型披露主要经营数据，现将龙元建设集团股份有限公司 （以下简称"公司"）2025 年第三季度主要经营数据公告如下： 单位：万元 币种：人民币 | 细分行业 | | | 房屋建设 | 基建工程 | 专业 工程 | 建筑装饰 | 其他 | 总计 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025 年 | 7-9 | 月 | | | | | | | | 项目数（个） | | | 9 | 1 | - | 3 | - | 13 | | 2025 年 | 7-9 ...

Market Overview - The housing construction sector declined by 0.87% compared to the previous trading day, with high-tech development leading the decline [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Key stocks in the housing construction sector showed mixed performance, with notable declines in several companies: - High-tech development fell by 2.24% to 50.62 [1] - China State Construction decreased by 1.06% to 5.60 [1] - Longyuan Construction dropped by 0.86% to 3.46 [1] - Conversely, Shanghai Construction and Zhejiang Construction saw slight increases of 0.35% and 0.21%, respectively [1] Capital Flow - The housing construction sector experienced a net outflow of 147 million yuan from main funds, while retail investors contributed a net inflow of 121 million yuan [1] - The detailed capital flow for key stocks indicates significant outflows from: - High-tech development with a net outflow of 75.28 million yuan [2] - China State Construction with a net outflow of 29.23 million yuan [2] - Retail investors showed a positive net inflow in several stocks, including Zhejiang Construction and Longyuan Construction, despite overall sector outflows [2]

Market Overview - The housing construction sector declined by 1.18% on October 28, with Longyuan Construction leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable stock performances included: - Shangxin Development: Closed at 51.78, up 1.37% with a trading volume of 118,500 shares and a turnover of 611 million yuan - Ningbo Construction: Closed at 5.46, up 0.37% with a trading volume of 415,600 shares and a turnover of 226 million yuan - Longyuan Construction: Closed at 3.49, down 1.69% with a trading volume of 263,900 shares and a turnover of 92.97 million yuan [1] Capital Flow - The housing construction sector experienced a net outflow of 117 million yuan from institutional investors, while retail investors saw a net inflow of 74.19 million yuan [1] - Detailed capital flow for selected stocks showed: - Shangxin Development: Institutional net inflow of 61.87 million yuan, retail net outflow of 44.73 million yuan - Longyuan Construction: Institutional net outflow of 14.64 million yuan, retail net inflow of 11.27 million yuan [2]

Core Insights - The housing construction sector experienced a slight increase of 0.31% on October 27, with high-tech development leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Sector Performance - High-tech development (code: 000628) closed at 51.08, with a gain of 0.95% and a trading volume of 90,400 shares, amounting to a transaction value of 461 million [1] - China State Construction (code: 601668) closed at 5.74, up 0.53%, with a trading volume of 2,488,200 shares and a transaction value of 1.428 billion [1] - Chongqing Construction (code: 66009) remained unchanged at 3.41, with a trading volume of 109,400 shares and a transaction value of 37.068 million [1] - Zhejiang Construction Investment (code: 002761) closed at 9.40, down 0.11%, with a trading volume of 102,300 shares and a transaction value of 96.080 million [1] - Shaanxi Construction (code: 600248) closed at 3.95, down 0.25%, with a trading volume of 182,600 shares and a transaction value of 72.172 million [1] - Ningbo Construction (code: 601789) closed at 5.44, down 0.37%, with a trading volume of 289,200 shares and a transaction value of 158 million [1] - Shanghai Construction (code: 600170) closed at 2.89, down 0.69%, with a trading volume of 2,580,700 shares and a transaction value of 749 million [1] - Longyuan Construction (code: 600491) closed at 3.55, down 1.93%, with a trading volume of 349,800 shares and a transaction value of 125 million [1] Capital Flow - The housing construction sector saw a net outflow of 13.12 million from main funds, while speculative funds had a net inflow of 31.79 million, and retail investors experienced a net outflow of 18.67 million [1] - China State Construction had a main fund net inflow of 36.89 million, but a net outflow of 30.47 million from retail investors [2] - Shaanxi Construction had a main fund net inflow of 3.60 million, with a net outflow of 1.82 million from retail investors [2] - Longyuan Construction experienced a significant main fund net outflow of 9.13 million, while speculative funds had a net inflow of 4.70 million [2] - High-tech development saw a main fund net outflow of 11.52 million, with a small net inflow of 0.77 million from retail investors [2] - Shanghai Construction had a main fund net outflow of 24.60 million, with a net inflow of 4.64 million from retail investors [2]

Core Insights - The housing construction sector experienced a decline of 0.26% on October 24, with Chongqing Construction leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Sector Performance - The housing construction sector's individual stock performance showed mixed results, with Dragon Construction rising by 0.56% to a closing price of 3.62, while Chongqing Construction fell by 1.73% to 3.41 [1] - The trading volume and turnover for key stocks in the sector included: - Dragon Construction: 426,500 shares, turnover of 156 million yuan - China State Construction: 1,613,100 shares, turnover of 921 million yuan - Chongqing Construction: 156,400 shares, turnover of 53.42 million yuan [1] Capital Flow - The housing construction sector saw a net outflow of 55.39 million yuan from main funds, while speculative funds had a net inflow of 62.89 million yuan, and retail investors experienced a net outflow of 7.50 million yuan [1] - Detailed capital flow for individual stocks indicated: - Dragon Construction: Main funds net inflow of 34.36 million yuan, speculative funds net inflow of 11.10 million yuan, retail net outflow of 23.25 million yuan - Chongqing Construction: Main funds net outflow of 4.39 million yuan, retail net inflow of 4.99 million yuan [2]