腾达建设集团股份有限公司 2014 年半年度报告 腾达建设集团股份有限公司 600512 2014 年半年度报告 1 腾达建设集团股份有限公司 2014 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 四、 公司负责人叶林富、徐君明、主管会计工作负责人叶林富及会计机构负责人（会计主 管人员）陈德锋声明：保证本半年度报告中财务报告的真实、准确、完整。 五、 是否存在被控股股东及其关联方非经营性占用资金情况？ 否 六、 是否存在违反规定决策程序对外提供担保的情况？ 否 2 二、 公司全体董事出席董事会会议。 三、 公司半年度财务报告未经审计。 | 第一节 | 释义 4 | | --- | --- | | 第二节 | 公司简介 5 | | 第三节 | 会计数据和财务指标摘要 6 | | 第四节 | 董事会报告 7 | | 第五节 | 重要事项 13 | | 第六节 | 股份变动及股东情况 19 | | 第七节 | 优先股相关情况 21 | | 第八节 | 董事、监事、高级管理人员情 ...

Financial Performance - Operating revenue for the first quarter rose by 22.70% to CNY 526,749,941.68 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 85.70% to CNY 8,623,665.92 compared to the same period last year[9] - Basic and diluted earnings per share dropped by 87.50% to CNY 0.01[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 8,945,192.26, an increase of 21.59% year-on-year[9] - Net profit for the current period was ¥7,298,130.14, a significant decrease of 87.8% from ¥59,914,670.60 in the previous period[28] - Basic earnings per share for the current period was ¥0.01, down from ¥0.08 in the previous period[28] Cash Flow - Cash flow from operating activities decreased by 60.05% to CNY 20,919,938.22 compared to the same period last year[9] - The net cash flow from operating activities decreased by 60.05% to CNY 20.92 million from CNY 52.36 million, primarily due to a reduction in the return of project guarantee deposits[14] - Total operating cash inflow was CNY 840,481,001.00, down 3.4% from CNY 870,194,194.88 in the previous period[33] - Net cash flow from operating activities was CNY 20,919,938.22, a decrease of 60% from CNY 52,363,147.15 in the previous period[34] - Net cash flow from investment activities was CNY -85,124,795.95, worsening from CNY -50,426,071.43 in the previous period[34] - Cash inflow from financing activities was CNY 671,400,000.00, significantly up from CNY 289,200,000.00 in the previous period, representing a 132.5% increase[35] - Net cash flow from financing activities was CNY 160,613,004.85, recovering from a negative CNY -125,147,852.75 in the previous period[35] - The ending cash and cash equivalents balance was CNY 662,786,617.54, an increase from CNY 424,753,391.33 in the previous period[35] - The company reported a net increase in cash and cash equivalents of CNY 96,408,147.12, compared to a decrease of CNY -123,210,777.03 in the previous period[35] Assets and Liabilities - Total assets increased by 1.77% to CNY 5,636,004,963.99 compared to the end of the previous year[9] - The total assets of the company as of March 31, 2014, amounted to CNY 5.64 billion, compared to CNY 5.54 billion at the beginning of the year[19] - The company’s total liabilities increased to CNY 4.25 billion from CNY 4.14 billion, indicating a rise in financial obligations[20] - The company's total liabilities decreased slightly to ¥4,423,129,390.20 from ¥4,330,819,902.12, indicating a reduction of 2.1%[21] - Current assets totaled ¥3,289,230,031.29, showing a marginal increase from ¥3,284,915,493.03[24] - The company's total equity rose to ¥1,212,875,573.79 from ¥1,207,095,038.23, reflecting a growth of 0.5%[21] Shareholder Information - The total number of shareholders reached 66,905 at the end of the reporting period[12] - The largest shareholder, Ye Yangyou, holds 4.49% of the shares, totaling 33,079,360 shares[13] Operational Insights - Accounts receivable decreased by 93.50% to CNY 280.30 million from CNY 435.25 million, due to the recovery of some receivables during the reporting period[14] - Prepaid accounts increased by 362.40% to CNY 71.52 million from CNY 15.47 million, attributed to increased advance payments for engineering materials[14] - The company has not disclosed any new product developments or market expansion strategies in this report[9] - The company reported a net loss attributable to minority shareholders of CNY 1.33 million, a decrease of 227.87% compared to a loss of CNY 404.29 thousand in the previous year[14] - The company plans to avoid potential competition by transferring or liquidating its real estate development subsidiary by June 30, 2014[16] Cost Analysis - Total operating costs amounted to ¥516,097,826.17, up from ¥420,399,769.08, reflecting a rise of 22.8%[28] - Cash outflow for purchasing goods and services was CNY 609,042,228.35, up 8.4% from CNY 561,800,054.22 in the previous period[33]

Financial Performance - In 2013, the company achieved a net profit of CNY 40,584,114.06, with a profit distribution plan proposing a cash dividend of CNY 0.70 per 10 shares, totaling CNY 51,585,845.92[7] - Basic earnings per share increased significantly to CNY 0.20, representing a 566.67% increase compared to CNY 0.03 in 2012[20] - The weighted average return on equity rose to 13.51%, an increase of 11.60 percentage points from 1.91% in the previous year[20] - The company reported a total distributable profit of CNY 298,715,538.36 at the end of the year, after accounting for the statutory surplus reserve and previous cash dividends[7] - The company’s diluted earnings per share also stood at CNY 0.20, consistent with the basic earnings per share[20] - The company's operating revenue for 2013 was CNY 1,851,527,560.66, representing a 34.82% increase compared to CNY 1,373,303,064.53 in 2012[22] - Net profit attributable to shareholders reached CNY 150,971,393.78, a significant increase of 651.36% from CNY 20,093,029.50 in the previous year[22] - The net cash flow from operating activities improved to -CNY 35,931,203.54, a 79.96% increase compared to -CNY 320,137,593.28 in 2012[22] - The total assets of the company increased by 16.40% to CNY 5,537,914,940.35 at the end of 2013, up from CNY 4,757,694,120.34 in 2012[22] - The company reported a significant increase in cash flow from investment activities, reaching 195.51 million RMB, a 293.83% increase from the previous year[36] - The company reported a revenue of 4,781.68 million CNY and a net profit of 87.39 million CNY for the year 2013[59] - The total assets of the company at the end of 2013 were 18,833.09 million CNY, with net assets amounting to 3,148.26 million CNY[59] Business Operations - The company has maintained its primary business focus on municipal public works and highway engineering, with real estate development projects initiated since 2007[18] - The company secured 12 new projects during the reporting period, with a total contract value of nearly CNY 2.6 billion, including over CNY 2.2 billion in Zhejiang province[25] - The company signed an intention contract worth CNY 2.8 billion for the construction of the Green Heart Feilong Lake Ecological Zone project with the local government[26] - Major clients accounted for 40.85% of total revenue, with Shanghai Pudong Engineering Construction Management Co., Ltd. contributing 12.51%[33] - The company has a competitive advantage due to its comprehensive qualifications in various construction sectors, including municipal public works and road engineering[31] - The construction market in China is expected to continue expanding, driven by government support and urbanization efforts[31] - The company has a strong reputation in the municipal engineering sector, benefiting from high market entry barriers and limited competition[39] - The company has established a competitive employment mechanism to enhance management efficiency and safety training for its workforce[40] - The company operates 13 subsidiaries, with 12 being wholly-owned or controlled[42] Financial Management - The company has engaged Tianjian Accounting Firm to provide a standard unqualified audit report for the financial statements[6] - The company has a strong financial position, with a low risk of bad debts due to reliable government clients and high-quality receivables[40] - The company has invested a total of RMB 2.38 billion in entrusted loans to its subsidiary, Yunnan Tenda, with an interest rate of 18%[46] - The company has continued to provide entrusted loans to Yunnan Tenda, totaling RMB 4 billion at an interest rate of 12%, to support ongoing projects[47] - The company has a cash dividend policy that mandates a minimum of 30% of the average distributable profit over three years to be distributed in cash[71] - The company has a total guarantee amount of RMB 13,000 million, which accounts for 10.91% of the company's net assets[77] - The company has faced liquidity risks due to high accounts receivable and slow turnover, impacting cash flow from operating activities[70] - The company is exposed to risks from fluctuations in raw material and labor costs, which can increase total project costs and affect profitability[70] Shareholder Information - As of December 31, 2013, the total number of shares outstanding is 736,940,656, with no changes in the share structure during the reporting period[104] - The largest shareholder, Mr. Ye Yangyou, holds a 4.49% stake in the company, with no shareholders owning more than 5%[107] - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[98] - The company has not issued any new securities or undergone any changes in its share capital structure in the past three years[104] - The actual controller of the company is Ye Yangyou, who has held the position of director and party secretary since October 2013[108] - The total number of shares held by directors, supervisors, and senior management at the beginning and end of the reporting period remains unchanged at 156,235,620 shares[110] Employee and Management Structure - The company employed a total of 3,297 staff, including 2,839 in the parent company and 458 in major subsidiaries[120] - The professional composition of employees includes 2,310 production personnel, 258 sales personnel, 435 technical personnel, 58 financial personnel, and 236 administrative personnel[120] - The company has established a performance evaluation system for senior management based on construction output value, target profit, and cost control[122] - There were significant changes in the board and management personnel due to re-election, including the appointment of new independent directors and executives[119] - The remuneration policy for directors and senior management is based on achieving annual targets and performance assessments, combining base salary with bonuses[122] Legal and Compliance - The company has been ordered to pay a total of RMB 12,436,672.12 in a legal judgment related to a construction contract dispute[73] - The company has confirmed construction costs related to a court ruling, which has been accounted for in the previous year's financial results[74] - The company has established a comprehensive insider information registration management system to protect shareholders' rights and ensure fair information disclosure[131] - The independent auditor issued a standard unqualified opinion on the financial statements, confirming their fair presentation in accordance with accounting standards[140] Future Outlook - The company plans to increase the construction and sales efforts of real estate projects, aiming to enhance land reserves and achieve a balanced development of its two main businesses[65] - In 2014, the company aims to issue 200 million CNY in short-term financing bonds to broaden financing channels and support ongoing real estate projects[68] - The company will focus on high-difficulty and high-technical projects in municipal construction to achieve breakthroughs in high-end business[64] - The company intends to enhance brand building and cost management while ensuring quality and safety in construction projects[64] - The company will actively develop commercial real estate while prioritizing the construction of small-sized residential units to improve competitiveness in the market[65]