股票代码：600491 股票简称：龙元建设 公告编号：临2025-010 龙元建设集团股份有限公司 第十届董事会第二十四次会议决议公告 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。 龙元建设集团股份有限公司第十届董事会第二十四次会议已于2025年4月18 日以电话和短信方式进行了会议召开通知，2025年4月28日下午14:00以现场方式 召开，公司现有董事7人，7名董事出席会议。公司3名监事及部分高级管理人员 列席会议。会议由赖朝辉先生主持。会议召开符合《公司法》和《公司章程》的 规定。 会议经董事全票同意审议通过并形成如下决议： 十届二十四次董事会决议公告 3、公司2024年度所披露的信息真实、准确、完整，承诺其中不存在任何虚 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 个别及连带的法律责任。 公司董事会审计委员会已审议本议案，并同意将其提交本次董事会审议。 四、审议通过了《公司2024年度财务决算报告》； 1 十届二十四次董事会决议公告 具体详见上海证券交易所网站。 一、审议通过了《公司 ...

股票代码：600491 股票简称：龙元建设 公告编号：临2025-014 龙元建设集团股份有限公司 2024年年度利润分配方案公告 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。 年度利润分配方案的公告 因公司 2024 年度实现的净利润为负值，鉴于公司目前的实际经营情况，为 满足公司日常生产经营，更好地维护全体股东的长远利益，公司 2024 年度不进 行利润分配符合公司实际情况，符合相关法律法规及《公司章程》的规定。 公司董事会重视对投资者的合理投资回报，并严格按照相关法律法规的规定 制定利润分配政策。公司一如既往地重视以现金分红形式对股东和投资者进行回 1 重要内容提示： 公司2024年度拟不进行利润分配，也不以资本公积转增股本。 本次利润分配预案已经公司第十届董事会第二十四次会议、第十届监事 会第十九次会议审议通过，尚需提交公司2024年年度股东大会审议。 一、利润分配预案内容 经立信会计师事务所（特殊普通合伙）审计确认：公司 2024 年度归属于母 公 司 股 东 的 净 利 润 为 -663,394,184.9 ...

Financial Performance - The company's operating revenue for 2024 reached ¥9,118,795,179.23, a 1.27% increase compared to ¥9,004,172,952.28 in 2023[22]. - The net profit attributable to shareholders was -¥663,394,184.99, an improvement from -¥1,310,831,618.92 in the previous year[22]. - The net cash flow from operating activities was ¥1,423,205,087.61, a decrease of 12.46% from ¥1,625,733,251.29 in 2023[22]. - The total assets at the end of 2024 were ¥55,427,779,105.35, down 4.18% from ¥57,843,841,794.53 in 2023[22]. - The net assets attributable to shareholders decreased by 6.56% to ¥10,095,942,527.81 from ¥10,804,583,934.64 in 2023[22]. - The basic earnings per share for 2024 was -¥0.43, compared to -¥0.86 in 2023[23]. - The weighted average return on equity was -6.33% for 2024, an improvement from -11.27% in 2023[23]. - The company's total revenue for the reporting period was 9.12 billion RMB, a year-on-year increase of 1.27%[29]. - The net profit attributable to shareholders was -663 million RMB, showing a significant reduction in losses compared to the previous year[29]. - The overall gross margin for the company was 20.62%, indicating effective cost management across its operations[30]. - The operating cost decreased by 3.28% to ¥7,243,441,035.14 from ¥7,488,954,565.60 in the previous year[53]. - The gross profit margin for the main business increased by 3.76 percentage points to 20.62%[55]. Business Segments - The construction general contracting segment generated revenue of 5.20 billion RMB, a decrease of 5.48% year-on-year[33]. - The infrastructure investment segment achieved a gross margin of 83.71%, indicating strong profitability in this area[30]. - The company's infrastructure investment segment achieved revenue of 1.89 billion yuan, a year-on-year increase of 17.82%[35]. - The green building segment generated revenue of 1.98 billion yuan, reflecting a year-on-year growth of 8.28%[36]. - The company has established a synergistic ecosystem with three main segments: construction general contracting, infrastructure investment, and green building, enhancing its strategic development[45]. Strategic Initiatives - The company aims to enhance its capabilities in infrastructure investment and construction, focusing on becoming a leading urban comprehensive service provider[32]. - The company plans to focus on project receivables, performance, and operational management in 2024[35]. - The company has established a new management model to adapt to the current market environment[36]. - The green building sector is expected to see significant growth, with a goal for all new urban buildings to meet green building standards by 2025[42]. - The company is transitioning from heavy asset to light asset operations, enhancing its market value output and management services[47]. - The company is committed to improving organizational efficiency and talent potential through AI technology and a dynamic key performance indicator tracking system[93]. Market Conditions - The construction industry in China saw a total output value of approximately 32.65 trillion yuan, a year-on-year increase of about 3.85%[39]. - Real estate development investment in China decreased by 10.6% to 10.03 trillion yuan in 2024[40]. - The construction industry is experiencing a slowdown, with the real estate sector dragging down overall performance, leading to increased competition and pressure on private enterprises[83]. - The overall construction market is expected to face continued pressure, necessitating innovation and improved management practices to navigate the changing environment[83]. Corporate Governance - The company maintains independence from its controlling shareholder in terms of operations, assets, and financial management, ensuring a clear separation of interests[105]. - The company actively communicates with investors and adheres to strict information disclosure practices to enhance transparency and protect minority shareholder rights[104]. - The company is committed to continuous improvement in corporate governance and internal management to support sustainable and healthy development[105]. - The board of directors consists of seven members, including three independent directors, and has convened eight times during the reporting period to fulfill its responsibilities[103]. Environmental Responsibility - The company has established an environmental protection mechanism and complies with relevant environmental laws and regulations[151]. - The company has implemented strict environmental management measures during construction, including dust control, noise reduction, wastewater management, and waste disposal[154][155]. - The company emphasizes the importance of sustainable development and environmental responsibility in its operations[159]. - The company has taken measures to reduce carbon emissions, although specific data on CO2 equivalent reduction was not disclosed[157]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 38,662, an increase from 37,198 at the end of the previous month[186]. - The largest shareholder, Lai Zhenyuan, holds 254,119,182 shares, representing 16.61% of the total shares, with 253,900,000 shares pledged[188]. - The second-largest shareholder, Hangzhou Transportation Investment Group, holds 128,499,668 shares, accounting for 8.40% of the total shares[188]. - Lai Zhenyuan has pledged 45,790,000 shares for financing, primarily to support the company and personal funding needs[196]. Legal Matters - The company is involved in a significant lawsuit regarding the Ningbo Sunshine Bay project, claiming RMB 301 million in principal and RMB 68.94 million in interest losses[168]. - The company has confirmed a debt amount of RMB 729.73 million related to the Ningbo Sunshine project, which includes principal, interest, and penalties[168]. - The company has not faced any penalties from securities regulatory authorities in the past three years[123]. - The company has disclosed ongoing litigation matters in its financial report, with no significant changes reported[171].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,392,616,130.88, a decrease of 49.40% compared to CNY 2,752,181,526.02 in the same period last year[2] - Net profit attributable to shareholders was CNY 192,551,729.46, a significant improvement from a loss of CNY 3,676,413.68 in the previous year[2] - The company's total operating revenue for Q1 2025 was ¥1,392,616,130.88, a decrease of 49.5% compared to ¥2,752,181,526.02 in Q1 2024[17] - Net profit for Q1 2025 reached ¥203,958,731.22, significantly up from ¥7,210,635.08 in Q1 2024, marking a year-over-year increase of 2,726.5%[18] - The total comprehensive income for Q1 2025 was ¥203,263,460.22, compared to ¥17,611,159.50 in Q1 2024, reflecting a substantial increase[18] Cash Flow and Assets - The net cash flow from operating activities decreased by 86.40%, amounting to CNY 22,295,178.80 compared to CNY 163,931,158.58 in the same period last year[2] - The company's current assets totaled RMB 26.62 billion, down from RMB 28.65 billion, indicating a decrease of about 7.09%[12][15] - Cash and cash equivalents decreased to RMB 1.09 billion from RMB 1.30 billion, a decline of approximately 15.77%[12][15] - The company reported a net cash flow from operating activities of ¥22,295,178.80 in Q1 2025, a decrease of 86.4% compared to ¥163,931,158.58 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 were ¥773,782,279.53, down from ¥1,037,206,889.14 at the end of Q1 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 53,573,231,721.84, down 3.35% from CNY 55,427,779,105.35 at the end of the previous year[2] - The company's total liabilities were RMB 42.16 billion, down from RMB 44.22 billion, representing a decrease of around 4.67%[15] - The equity attributable to shareholders increased to RMB 10.29 billion from RMB 10.10 billion, marking an increase of about 1.87%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,198[5] - The top shareholder, Lai Zhenyuan, holds 16.61% of the shares, with a total of 254,119,182 shares, of which 253,900,000 are pledged[6] Operational Metrics - Accounts receivable increased by 145.99%, primarily due to an increase in receivables from bill settlements[4] - Inventory rose by 58.52%, attributed to an increase in stock materials[4] - The company's inventory rose to RMB 29.34 million from RMB 18.51 million, reflecting an increase of about 58.59%[12][15] - The company reported new business volume of RMB 395.88 million as of the end of Q1 2025[9] Expenses - Total operating costs for Q1 2025 were ¥1,436,170,138.62, down 47.5% from ¥2,741,907,156.65 in Q1 2024[17] - The company incurred a total of ¥344,295,875.15 in financial expenses in Q1 2025, slightly down from ¥347,462,811.69 in Q1 2024[17] - Research and development expenses for Q1 2025 were ¥17,921,502.32, a decrease of 50.2% from ¥35,733,447.78 in Q1 2024[17] - The company reported an investment loss of ¥1,531,872.80 in Q1 2025, compared to a profit of ¥24,393,618.59 in Q1 2024[17] Earnings Per Share - Basic and diluted earnings per share for Q1 2025 were ¥0.1259, a significant improvement from a loss of ¥0.002 in Q1 2024[18] - The weighted average return on equity was 1.89%, an increase from -0.11% in the previous year[2]

龙元建设集团股份有限公司 营业收入扣除情况表的鉴证报告 二〇二四年度 您可使用手机"扫一扫"或进入 关于龙元建设集团股份有限公司2024年度 营业收入扣除情况表的鉴证报告 信会师报字[2025]第ZA12812号 龙元建设集团股份有限公司全体股东: 我们的责任是在执行鉴证工作的基础上对营业收入扣除情况表 发表鉴证结论。 三、工作概述 我们按照《中国注册会计师其他鉴证业务准则第3101号 -- 历史 财务信息审计或审阅以外的鉴证业务》的规定执行了鉴证业务。该准 则要求我们遵守职业道德规范,计划和实施鉴证工作,以对营业收入 我们审计了龙元建设集团股份有限公司(以下简称"公司"、"龙元 建设")2024年度的财务报表,包括2024年12月31日的合并及母公 司资产负债表、2024年度合并及母公司利润表、合并及母公司现金流 量表、合并及母公司所有者权益变动表和相关财务报表附注,并于 2025 年 4 月 28 日出具了报告号为信会师报字[2025]第 ZA12809 号的 无保留意见审计报告。 在对上述财务报表执行审计的基础上,我们接受委托,对后附的 公司2024年度营业收入扣除情况表(以下简称"营业收入扣除情况 表 ...

龙元建设集团股份有限公司 审计报告及财务报表 二〇二四年度 您可使用手机"扫一扫"或进入"注册会计师行业线"监管平台（http://acc.mof.gov.cn】 D C C C C ( ) (1) ( 1) 龙元建设集团股份有限公司 审计报告及财务报表 (2024年 01月 01 日至 2024 年 12 月 31 日止) | 目录 | 页次 | | --- | --- | | 审计报告 | 1-6 | | 财务报表 | | | 合并资产负债表和母公司资产负债表 | 1-4 | | 合并利润表和母公司利润表 | ર-6 | | 合并现金流量表和母公司现金流量表 | 7-8 | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | 财务报表附注 | 1-146 | Í l Í 工信会计师事务所(特殊普通合伙) DO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 审计报告 信会师报字[2025]第 ZA12809 号 龙元建设集团股份有限公司全体股东: 一、审计意见 我们审计了龙元建设集团股份有限公司(以下简称龙元建设)财 务报表,包括 ...

龙元建设集团股份有限公司 内部控制审计报告 二〇二四年度 否出具有执业许可的会计 您可使用手机"扫一扫"或进入"注册会计师行业绩一监管业 立信会计师事务所(特殊普通合伙) DO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 内部控制审计报告 信会师报字[2025]第 ZA12810 号 龙元建设集团股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了龙元建设集团股份有限公司(以下简称龙元建设) 2024年 12月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并评 价其有效性是龙元建设董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的 有效性发表审计意见,并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。 此外,由于情况的变化可能导致内部控制变得 ...

Group 1 - The core point of the article is that Longyuan Construction Group Co., Ltd. is undergoing a change in controlling shareholder to Hangzhou Jiaotou Group following the approval of a private placement plan by the Shanghai Stock Exchange, amidst declining financial performance [2][3][6] - Longyuan Construction's net profit is projected to be between -400 million to -600 million yuan for 2024, continuing a trend of declining profits over several years [2][6] - The company has a high debt ratio, with figures showing 80.35%, 79.85%, 79.37%, and 79.19% from 2021 to September 2024, indicating significant financial pressure [3][5] Group 2 - Hangzhou Jiaotou Group, a state-owned enterprise directly managed by the Hangzhou municipal government, is set to become the controlling shareholder of Longyuan Construction, having acquired 29.54% of the shares post-transaction [3][4] - The necessity of the private placement is highlighted as a means to reduce the company's debt ratio and improve financial conditions, with total liabilities reaching 43.97 billion yuan as of September 30, 2024 [3][5] - Longyuan Construction has seen a decline in new project signings, with numbers dropping from 169 in 2021 to 107 in 2023, reflecting challenges in the construction sector [7][8] Group 3 - The company has committed to achieving a cumulative net profit of no less than 1.6 billion yuan over the next three years, with specific targets for 2024 and 2025 set at 400 million and 500 million yuan respectively [5] - Despite the change in control, there has been no significant recovery in revenue or project signing amounts since Hangzhou Jiaotou Group's initial stake acquisition [8] - Longyuan Construction's revenue has shown a downward trend, with figures indicating a growth of 9.90% in 2021, followed by declines of 27.12% and 36.79% in 2022 and 2023 respectively [7][8]

Core Viewpoint - Longyuan Construction has successfully passed the Shanghai Stock Exchange review for a private placement, with Hangzhou Transportation Investment becoming the controlling shareholder, injecting 1.846 billion yuan and holding 29.51% of the shares, which is expected to improve the company's financial situation and operational capacity [1][2]. Group 1: Financial Performance - Longyuan Construction forecasts a net loss of 400 million to 600 million yuan for 2024, significantly reducing losses compared to the previous year [1]. - The company expects a substantial reduction in losses for Q4 2024, with a projected net profit range of -84 million to -284 million yuan, compared to -733 million yuan in Q4 2023 and -1.311 billion yuan for the entire year of 2023 [1]. - The company has reduced some operating expenses, contributing to the decrease in losses, and anticipates a potential turnaround to profitability following the completion of the private placement [1]. Group 2: Debt Management and Asset Valuation - The company holds approximately 34 billion yuan in PPP assets, with over 800 million yuan in impairment losses recognized as of H1 2024, and debt replacement efforts are expected to enhance government repayment capabilities, reducing future asset impairment expectations [2]. - Following the entry of Hangzhou Transportation Investment, the company's financial pressure is expected to ease, potentially leading to a significant reduction in financing costs, with 2023 financial expenses at 1.5 billion yuan and a financing cost rate of 6.94% [2]. Group 3: Order Book and Market Position - As of Q3 2024, Longyuan Construction's order backlog totals 8.705 billion yuan, indicating a low business valuation relative to its revenue of 9.004 billion yuan in 2023 [2]. - The company has secured several local projects in Hangzhou through Hangzhou Transportation Investment, including significant contracts for infrastructure development [2]. - The completion of the private placement will position Longyuan Construction as the only publicly listed platform with top-tier construction qualifications in Hangzhou, expanding its project opportunities both locally and in other regions [2]. Group 4: Profit Forecast and Valuation - As a domestic infrastructure player, Longyuan Construction is less affected by export tariffs and fluctuations in household income, with a focus on valuation recovery in the short term and growth potential from state-owned enterprise orders in the medium to long term [3]. - Revenue projections for 2024-2026 are estimated at 9.67 billion yuan, 11 billion yuan, and 16.15 billion yuan, respectively, maintaining a "strong buy" rating [3].

4月9日，龙元建设（600491）集团股份有限公司(以下简称"龙元建设")发布公告称，公司向特定对象发 行股票申请获上交所审核通过。公司此次定增拟募资18.46亿元，发行对象为杭州市交通投资集团有限 公司(以下简称"杭州交投集团")，定增完成后，公司控股股东将变更为杭州交投集团，公司实际控制人 将变更为杭州市国资委。 从龙元建设自身发展角度来看，此次定增募资有着极为重要的意义。一直以来，建筑行业的资金密集型 特性使得企业的资金状况成为影响发展的关键因素。龙元建设此前在业务拓展过程中，面临着一定的资 金压力，资产负债率处于较高水平。截至2024年9月30日，龙元建设总资产为555.25亿元，总负债为 439.70亿元，合并口径资产负债率为79.19%。 相关机构人士在接受《证券日报》记者采访时表示："在城市轨道交通、高速公路等交通基建项目上， 凭借杭州交投集团的资源优势和龙元建设自身的建筑施工能力，龙元建设有望获取更多优质项目订单， 进一步扩大市场份额。并且，依托杭州市国资委的背景，龙元建设在项目融资、信用评级等方面也将获 得更多支持，降低融资成本，提升企业在市场中的竞争力。" 中国投资协会上市公司投资专业委员 ...