Financial Performance - In 2019, the company's operating revenue reached ¥11.11 billion, an increase of 5.72% compared to ¥10.51 billion in 2018[20]. - The net profit attributable to shareholders was ¥223.21 million, representing a significant increase of 52.58% from ¥146.29 million in the previous year[20]. - The company's total assets grew by 28.44% to ¥19.74 billion at the end of 2019, up from ¥15.37 billion in 2018[20]. - The basic earnings per share increased to ¥0.2665, a rise of 47.65% compared to ¥0.1805 in 2018[20]. - The weighted average return on equity improved to 13.35%, an increase of 2.65 percentage points from 10.70% in 2018[20]. - The net cash flow from operating activities was negative at -¥851.12 million, an improvement from -¥985.68 million in 2018[20]. - The total operating revenue for the period reached CNY 11,106.37 million, representing a year-on-year increase of 5.72%[44]. - The net profit attributable to the parent company was CNY 22,320.84 million, with a total profit of CNY 30,620.00 million[42]. - The company achieved a record high in new contract orders amounting to CNY 21,338.73 million, with continuous growth in revenue and profit for five consecutive years[42]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares, totaling approximately 25.12 million CNY based on a total share capital of 837,417,955 shares as of December 31, 2019[5]. - The company is committed to long-term development while considering shareholder interests in its profit distribution plan[5]. - The company distributed a cash dividend of 0.02 yuan per share for the 2018 fiscal year, totaling approximately 12.88 million yuan[92]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongshen Zhonghuan Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - The company has maintained a stable governance structure with no reported issues regarding board attendance or decision-making processes[4]. - The company has not reported any changes in shareholding for its directors and senior management during the reporting period, indicating stability in leadership[172]. - The company has not identified any violations regarding the use of insider information, maintaining strict management protocols[194]. Risk Management - There are no significant risk events reported during the period, and the company has detailed potential risks and countermeasures in the report[7]. - The company faces risks related to financing, including the ability to raise sufficient funds for project implementation[86]. - The company reported a significant increase in accounts receivable due to the long duration of construction projects, posing a collection risk[87]. Legal Matters - The company is involved in significant litigation, including a claim for ¥42,180,818.65 against Qinglong Company for labor cost losses[106]. - The company is facing ongoing litigation with a claim of ¥4,000,000 for economic losses from Fengyang County[108]. - The company has been involved in legal proceedings since 2016, highlighting a prolonged period of litigation[109]. - The company is currently awaiting a court hearing scheduled for December 5, 2019, which has been delayed due to the COVID-19 pandemic[113]. Construction and Project Management - The company operates under various financing models such as PPP, BT, and BOT for infrastructure projects, indicating a diversified approach to project financing[11]. - The company has a strong presence in the construction sector, focusing on road and bridge projects, which is reflected in its operational strategies[13]. - The company secured 191 new contract projects with a total contract value of 2,133,873 million yuan, further solidifying its "billion-level road and bridge" operational scale[38]. - The company has completed 92.57% of the Erenhot to Qinhuangdao Highway project, with a total investment of 152,599 million RMB[73]. Technological Innovation and R&D - The company received 24 national patents during the reporting period, including 1 invention patent and 22 utility model patents, enhancing its technological capabilities[36]. - R&D expenses increased by 84.74% to CNY 131.51 million, reflecting the company's commitment to enhancing its research capabilities[45]. - The company is in the trial operation phase of the "Longjian Co., Ltd. Think Tank Platform," aimed at enhancing technological capabilities[39]. Governance and Management - The company has a robust governance structure with independent directors providing oversight and strategic guidance[177]. - The company has maintained a strong management team with various experienced individuals in key positions, including Li Zifeng as the Chief Economist and Li Guqing as the Vice President[175]. - The company is focused on expanding its engineering capabilities and project management expertise to capture more market opportunities[176]. Financial Management - The total bank credit granted to the company reached CNY 23 billion, indicating strengthened financial management and creditworthiness[40]. - The company has provided guarantees for various subsidiaries, including RMB 5.8 billion for Heilongjiang Longjian Road and Bridge First Engineering Co., Ltd. and RMB 7.2 billion for Suining Longxing Construction Co., Ltd.[134]. - The company has committed to using the funds raised from the private placement strictly according to the disclosed purposes, ensuring no funds will be used to supplement working capital for other major investments[96].

Financial Performance - Net profit attributable to shareholders increased by 18.57% to CNY 103,685,148.02 year-to-date[7] - Operating revenue decreased by 3.81% to CNY 6,509,332,536.21 year-to-date[7] - Basic earnings per share increased by 4.18% to CNY 0.1497[7] - The weighted average return on equity decreased by 0.3553 percentage points to 6.3486%[7] - The company reported a total operating revenue of ¥6,509,332,536.21 for the first three quarters of 2019, a decrease of 3.83% compared to ¥6,767,112,915.50 in the same period of 2018[30] - Total profit for Q3 2019 was ¥91,710,151.48, a slight decrease of 2.14% from ¥93,719,221.00 in Q3 2018[31] - Net profit for Q3 2019 reached ¥73,300,326.75, an increase of 12.66% from ¥64,958,755.50 in Q3 2018[31] - The company reported a total current asset of ¥8,594,910,969.11, up from ¥7,729,964,886.77, reflecting an increase of approximately 11.2%[25] Assets and Liabilities - Total assets increased by 18.11% to CNY 18,156,435,109.42 compared to the end of the previous year[7] - Total liabilities reached ¥16,154,395,277.26, up from ¥13,564,225,389.32, which is an increase of about 19%[23] - Current liabilities rose to ¥11,926,318,501.09 from ¥10,691,606,478.54, reflecting an increase of approximately 11.5%[22] - Long-term borrowings increased significantly to ¥3,437,313,356.08 from ¥2,423,650,956.08, marking a growth of around 42%[23] - Cash and cash equivalents decreased to ¥826,923,229.26 from ¥982,723,238.70, a decline of about 15.8%[24] - Accounts receivable rose to ¥1,639,348,125.04 from ¥1,463,839,937.55, representing an increase of approximately 12%[25] - Inventory increased to ¥2,406,289,621.57 from ¥2,263,502,308.68, indicating a growth of about 6.3%[25] Cash Flow - Net cash flow from operating activities was negative at CNY -1,138,458,619.06, compared to CNY -899,986,334.50 in the same period last year[7] - The company reported a net cash outflow from investment activities of ¥20,990.23 million, a significant increase compared to the previous year[11] - The net cash flow from financing activities decreased by 11.72% to ¥136,013.22 million, influenced by a reduction in cash received from investment[12] - Cash flow from operating activities for the first three quarters of 2019 was approximately ¥6.52 billion, an increase of 13.6% from ¥5.74 billion in the same period of 2018[39] - The total cash inflow from financing activities in Q3 2019 was 5,461,051,596.36 RMB, an increase from 4,406,318,650.38 RMB in Q3 2018[40] Shareholder Information - The total number of shareholders reached 54,615 by the end of the reporting period[10] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 44.45% of the shares, with 372,241,692 shares pledged[10] - Minority shareholders' equity increased by 23.94% to CNY 324.15 million, mainly due to contributions from minority shareholders of the company's subsidiaries[13] Expenses - Research and development expenses increased by 136.32% year-on-year to CNY 8.45 million, driven by increased R&D projects and expenditures[13] - Sales expenses rose by 44.65% year-on-year to CNY 22.01 million, mainly due to higher salaries for market development personnel and increased bidding costs[13] - The company reported a significant increase in financial expenses, totaling ¥20.43 million in Q3 2019, compared to ¥15.59 million in Q3 2018, marking a rise of 31.5%[35] Other Financial Metrics - The company reported a 21.52% increase in undistributed profits, reaching CNY 512.66 million, primarily due to profits generated by the company and its subsidiaries during the period[13] - Asset impairment losses increased significantly by CNY 12.81 million year-on-year, totaling CNY 8.29 million, due to an increase in accounts receivable[13] - The company has not disclosed any new product developments or market expansion strategies in this report[10]

Financial Performance - The net profit attributable to shareholders for the reporting period was 31.22 million yuan, an increase of 47.66% compared to the same period last year[21]. - The basic earnings per share for the first half of 2019 was 0.0485 yuan, representing a 35.47% increase from 0.0358 yuan in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 30.50 million yuan, up 46.88% year-on-year[21]. - The company's operating revenue for the first half of the year reached ¥2,756,526,243.94, an increase of 11.80% compared to ¥2,465,657,482.67 in the same period last year[22]. - Net profit attributable to shareholders was ¥31,219,844.98, reflecting a significant increase of 47.66% from ¥21,143,766.23 year-on-year[22]. - The total profit for the period was CNY 45.89 million, with a net profit attributable to shareholders of CNY 31.22 million[40]. - The company's total comprehensive income for the first half of 2019 was CNY 54,698,186.08, compared to CNY 54,225,794.73 in the first half of 2018, reflecting a slight increase[141]. Cash Flow and Financial Position - The company reported a net cash flow from operating activities of -¥899,198,542.53, compared to -¥699,939,710.82 in the same period last year, indicating a worsening cash flow situation[22]. - The company reported a cash outflow of CNY 3,177,531,205.67 from financing activities, compared to CNY 2,118,172,064.49 in the same period of 2018[142]. - The ending balance of cash and cash equivalents as of June 30, 2019, was CNY 1,769,735,131.09, compared to CNY 1,894,100,567.19 at the end of June 2018[142]. - The company’s total assets increased by 5.74% to ¥16,254,849,491.90 from ¥15,371,977,338.57 at the end of the previous year[22]. - The company’s total liabilities increased to ¥10,382,389,762.31 as of June 30, 2019, from ¥9,753,237,368.22 at the end of 2018, representing a rise of 6.4%[133]. Operational Highlights - The company secured 77 new contracts during the reporting period, with a total contract value exceeding CNY 10 billion[40]. - The company holds qualifications for various construction contracts, including special-grade general contracting for highway engineering and first-grade contracting for municipal public works, enhancing its competitive edge[27]. - The company is exploring various operational models, including EPC, PPP, and BOT, to enhance project delivery and financial returns[29]. - The company purchased 145 sets of machinery, including 113 sets from overseas, enhancing its equipment structure[35]. Research and Development - Research and development expenses increased significantly to CNY 3.64 million, a rise of 1,568.79% compared to the previous year[46]. - The company holds a total of 143 national patents, including 15 invention patents and 127 utility model patents[36]. - The company is investing in new technology development to drive future growth and innovation[149]. Legal and Compliance Issues - The company is currently facing arbitration regarding a construction contract dispute, with the case still pending resolution[73]. - The company has been involved in a series of legal disputes, with some cases still awaiting court hearings[76]. - The company is currently appealing a civil judgment from the Henan Provincial High Court, which is still pending[74]. - The company has incurred legal costs related to ongoing litigation, including a claim for RMB 1 million in damages and additional legal fees[76]. Risk Management - The company does not face any significant risk events during the reporting period[5]. - The report includes a risk statement regarding forward-looking statements, emphasizing the importance of investor caution[4]. - The company faces industry risks due to its reliance on macroeconomic conditions and national fixed asset investment, which could impact future performance[58]. - Financial risks are heightened as the company transitions to public-private partnership models, increasing competition and investment risks[59]. Shareholder and Governance Matters - No profit distribution or capital reserve fund transfer plan proposed for the half-year period[68]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[116]. - The company has a structured approach to managing executive compensation linked to performance measures[71]. - The company has committed to using the raised funds strictly for disclosed purposes and will not use them for other major investments or to supplement working capital[71]. Future Outlook - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[149]. - The management highlighted the importance of strategic acquisitions to bolster market competitiveness and operational efficiency[149]. - The company is positioned to benefit from the ongoing infrastructure investment initiatives in Heilongjiang Province, with a projected investment target of ¥470 billion for comprehensive transportation infrastructure[31].

证券代码：600853 证券简称：龙建股份 编号：2019-047 龙建路桥股份有限公司 关于召开 2018 年度利润分配投资者说明会 暨参加黑龙江省上市公司 2019 年投资者网上集体接待 日活动的公告 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。 重要内容提示： 会议召开时间：2019 年 6 月 19 日(星期三) 14:00-16:30 会议召开地点："全景·路演天下"网站(http://rs.p5w.net) 会议召开方式：网络在线问答互动形式 一、说明会类型 龙建路桥股份有限公司（以下简称"公司"）已于 2019 年 3 月 30 日披露了公司 2018 年年度报告、2018 年度利润分配预案（详情请见公 司于 2019 年 3 月 30 日在上海证券交易所网站披露的公司公告）。为便 于广大投资者更全面深入地了解公司经营业绩和利润分配等具体情况， 公司决定召开"2018 年度利润分配投资者说明会"，同时参加由黑龙江 省上市公司协会、黑龙江省证券业协会、黑龙江省基金业协会、黑龙江 省期货业协会、深圳市全景网络 ...

Financial Performance - Operating revenue for the period was CNY 664,476,970.85, representing an increase of 13.11% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY -6,609,468.26, compared to CNY -6,374,018.07 in the same period last year[5] - The company reported a basic and diluted earnings per share of CNY -0.0093[5] - Net loss for Q1 2019 was CNY 9,404,916.19, compared to a net loss of CNY 8,882,296.93 in Q1 2018, indicating a deterioration in performance[32] - Total comprehensive income for Q1 2019 was CNY 10,127,823.44, down from CNY 12,093,077.07 in Q1 2018, a decline of 16.2%[35] Cash Flow - Cash flow from operating activities was CNY -627,148,545.38, showing a significant decline compared to CNY -177,502,679.69 in the previous year[5] - Cash flow from financing activities decreased by 50.33% year-on-year, mainly due to the absence of non-public stock issuance this period[15] - The company reported a decrease in cash inflow from operating activities, totaling CNY 1,646,125,662.74 in Q1 2019, down from CNY 2,396,236,980.68 in Q1 2018, a drop of 31.3%[38] - The company's net cash flow from financing activities was -191,273,188.46 RMB in Q1 2019, a decline of 133.5% from 570,694,625.96 RMB in Q1 2018[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,250,528,232.10, a decrease of 0.79% compared to the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 1,709,148,854.31 from CNY 1,854,586,588.13[25] - Total liabilities as of March 31, 2019, were CNY 9,716,594,124.10, slightly down from CNY 9,753,237,368.22 at the end of 2018[29] - The total equity attributable to shareholders decreased to CNY 1,538,750,101.77 from CNY 1,546,202,074.93[27] Shareholder Information - The company had a total of 52,015 shareholders at the end of the reporting period[10] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., held 286,339,763 shares, accounting for 44.45% of total shares[10] Research and Development - Research and development expenses rose by 298.62% year-on-year, reflecting increased investment in R&D efforts[14] - The company reported R&D expenses of CNY 1,553,288.89 in Q1 2019, significantly higher than CNY 389,664.80 in Q1 2018, reflecting an increase of 297.5%[31] Financial Changes - Financial expenses increased by 47.50% year-on-year, attributed to higher interest expenses from increased financing scale[14] - The company adopted new financial accounting standards effective January 1, 2019, impacting the classification of financial assets[50] Other Financial Metrics - Non-recurring gains and losses totaled CNY 633,850.44, primarily from non-operating income[7] - The controlling shareholder, Jian Investment Group, has had 50,000,000 unrestricted circulating shares judicially frozen due to a contract dispute[21] - The company has changed its accounting estimate for the depreciation period of fixed assets, which will reduce the total profit for 2019 by approximately CNY 1,709,680.07[22]

Financial Performance - The company's operating revenue for 2018 was approximately ¥10.51 billion, representing a year-over-year increase of 4.39% compared to ¥10.06 billion in 2017[22]. - The net profit attributable to shareholders for 2018 was approximately ¥146.29 million, a 5.02% increase from ¥139.29 million in 2017[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥144.26 million, reflecting a significant increase of 17.26% from ¥123.03 million in 2017[22]. - The company's total assets at the end of 2018 reached approximately ¥15.37 billion, a 20.30% increase from ¥12.78 billion at the end of 2017[22]. - The net assets attributable to shareholders increased by 61.64% to approximately ¥1.55 billion, primarily due to a non-public offering of 107.36 million new shares at a price of ¥4.38 per share, raising approximately ¥470.24 million[24]. - Basic earnings per share for 2018 were ¥0.2370, down 8.67% from ¥0.2595 in 2017[23]. - The weighted average return on equity decreased to 10.70%, down 4.95 percentage points from 15.65% in 2017[23]. - The company reported a negative net cash flow from operating activities of approximately -¥985.68 million, an improvement from -¥1.29 billion in 2017[22]. - The company achieved operating revenue of RMB 10,505,176,762.75, an increase of 4.39% compared to the previous year[49]. - The net profit attributable to the parent company reached RMB 14,628.55 million, reflecting a continuous growth trend[49]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares, totaling 12,883,353.16 RMB, while also increasing the share capital by 193,250,297 shares through capital reserve conversion, raising total shares to 837,417,955[5]. - The company is committed to long-term development while balancing shareholder interests in its profit distribution plan[5]. - The company has a cash dividend policy, distributing 0.10 RMB per 10 shares for the 2017 fiscal year[99]. - The company completed its 2018 semi-annual profit distribution, also distributing 0.10 RMB per 10 shares[100]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongshen Zhonghuan Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - The company has appointed Zhongshen Zhonghuan Accounting Firm for auditing, with specific auditors named for the report[20]. - The company has not reported any significant accounting errors or changes in accounting policies during the reporting period[108]. - There are no outstanding issues regarding the use of funds or collection progress reported for the period[108]. - The company has not experienced any non-standard audit opinions from its accounting firm[108]. Legal and Regulatory Matters - The company faced a significant lawsuit involving a claim for construction payments totaling RMB 57,139,624.34, with the court proceedings being suspended and later withdrawn by the plaintiff[113]. - The company has been involved in legal disputes regarding payment claims, with a revised claim amounting to RMB 48,738,990 plus interest[113]. - The company was ordered to return labor fees amounting to ¥32,517,777.92 to Longjian Road and Bridge Co., Ltd. as per the court ruling[114]. - The company is involved in ongoing arbitration regarding a claim for damages totaling ¥42,180,818.65 due to increased labor costs[114]. - The company was ordered to pay a total of ¥2,127,319 in principal and interest to Guo Hong, as per the final court ruling[114]. - The total amount payable to Guo Hong, including interest and litigation costs, reached ¥2,508,174.61, which has been fully settled by the company[114]. - The company incurred litigation costs of ¥173,557 for the first instance and ¥113,540 for the second instance, totaling ¥287,097[114]. - The company faced a lawsuit for an engineering payment of ¥41,769,076.00, which is still under litigation[114]. - The company has been involved in multiple legal proceedings, including appeals and arbitration, affecting its financial obligations[114]. - The company has been actively managing its legal disputes to mitigate financial impacts and ensure compliance with court rulings[114]. Corporate Governance and Management Changes - The company has undergone changes in its board of directors, with the chairman resigning and the general manager temporarily assuming the role[14]. - The board of directors and supervisory board's term expired on April 7, 2018, and the company is actively working on the election process for new members[190]. - The company has not experienced any changes in controlling shareholders or actual controllers during the reporting period[184]. - Changes in senior management include the resignation of Chairman Shang Yunlong and Secretary Wang Zhengyu due to work requirements[200]. - New appointments include Liu Wanchang, Luan Qingzhi, and Qu Dechun as deputy general managers, all due to work needs[200]. Market Expansion and Project Development - The company is engaged in highway and bridge construction, holding various qualifications including special-level general contracting for highway engineering[30]. - The company secured 156 new contract projects with a total contract value of 12.088 billion yuan during the reporting period[43]. - The company participated in five PPP projects, further expanding its investment project portfolio[43]. - The company expanded its market presence in Tibet, Guangdong, Sichuan, and achieved success in the Indian and African markets[43]. - The company is actively pursuing market expansion through various construction projects across multiple countries, including Sudan, Bangladesh, and Kenya[80]. Financial Obligations and Guarantees - The total amount of guarantees provided by the company, including those for subsidiaries, reached 6,016,890,000 RMB, which is 389.14% of the company's net assets[142]. - The company has provided various guarantees for its subsidiaries, including 9.8 billion RMB for Heilongjiang Longjian Road and Bridge First Engineering Co., Ltd.[142]. - The company has a guarantee of 3.8 billion RMB for its wholly-owned subsidiary, Mongolia LJ Road and Bridge Co., Ltd.[142]. - The company has a guarantee of 8.1 billion RMB for its controlling subsidiary, Shandong Longyun Construction Investment Management Co., Ltd.[142]. Research and Development - Research and development expenses increased by RMB 5,168,488.24, representing a 265% rise due to enhanced R&D efforts[51]. - The company has established a postdoctoral research station, enhancing its research and development capabilities[40]. - Research and development expenses totaled CNY 7,118,866.21, which is 0.07% of total operating revenue, with a significant increase of 265.00% from CNY 1,950,377.97[63]. Social Responsibility and Environmental Management - The company has engaged in social responsibility initiatives, including a donation of 100,000 yuan to a charity in November 2018[158]. - The company organized over 400 employees for voluntary blood donation, receiving public recognition from the Harbin Blood Center[158]. - The company has maintained a commitment to environmental management, adhering to standards since 2006 and promoting green practices[160]. - The company has not been classified as a key pollutant discharger by environmental protection authorities[159]. Financial Reporting and Share Capital - The company reported a change in the format of its financial statements[155]. - The company issued 107,360,000 new shares in 2018, increasing total share capital from 536,807,658 to 644,167,658 shares[166]. - The company's consolidated debt-to-asset ratio improved from 88.80% to 88.24% following the issuance[174]. - The total number of ordinary shareholders increased from 53,234 to 54,873 during the reporting period[175].

2018 年第三季度报告 公司代码：600853 公司简称：龙建股份 龙建路桥股份有限公司 2018 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | | 上年度末 | | 本报告期末比上 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 年度末增减(%) | | | | 总资产 | 15,924,991,680.86 | | 12,778,103,051.67 | | | | 24.63 | | 归属于上市公司股东的净 | 1,499,309,180.34 | | 956,547,262.16 | | | | 56.74 | | 资产 | | | | | | | | | | 年初至报告期末 | | 上年初至上年报告期末 | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,465,657,482.67, a decrease of 18.02% compared to CNY 3,007,640,047.05 in the same period last year[20]. - Net profit attributable to shareholders was CNY 21,143,766.23, representing an increase of 11.33% from CNY 18,991,962.02 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 20,762,254.73, which is a 37.12% increase from CNY 15,141,570.49 in the same period last year[21]. - The net cash flow from operating activities was CNY -699,939,710.82, an improvement from CNY -1,027,577,712.76 in the previous year[21]. - Total assets at the end of the reporting period were CNY 13,306,449,109.65, an increase of 4.13% from CNY 12,778,103,051.67 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 48.91% to CNY 1,424,403,799.22 from CNY 956,547,262.16 at the end of the previous year[21]. - The total share capital increased by 20.00% to 644,167,658 shares from 536,807,658 shares at the end of the previous year[21]. - Basic earnings per share for the first half of 2018 were CNY 0.0358, a slight increase of 1.13% from CNY 0.0354 in the same period last year[22]. - The weighted average return on net assets decreased by 0.4938 percentage points to 1.7713% from 2.2651% in the previous year[22]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares, totaling CNY 6,441,676.58[5]. - The company reported a net profit distribution of -6,441.67 million, indicating a loss in profit allocation to shareholders[143]. Government and Market Environment - The company received government subsidies related to normal business operations amounting to 475,240.48 yuan, which is included in the current period's profit and loss[26]. - The national fixed asset investment in transportation reached 2.6 trillion yuan, with plans to construct 5,000 kilometers of new highways and 200,000 kilometers of rural roads in 2018[31]. - The company aims to leverage opportunities from national strategies such as the Belt and Road Initiative and regional development plans to expand its market presence[32]. Business Operations and Models - The company operates under various business models including EPC, BOT, and PPP, which enhance its project management capabilities and financial performance[30]. - The company is recognized as one of the largest comprehensive construction groups in Northeast China and ranks among the top 100 transportation enterprises in the country[33]. - The company has a strong capital operation platform and good relationships with government and financial institutions, enhancing its competitive edge in the industry[33]. - The company is actively expanding its diversified business layout, particularly in agricultural e-commerce and cultural tourism sectors[38]. Legal and Compliance Issues - The company is involved in a significant lawsuit where it is being sued for a total of RMB 57,139,624.34, which includes engineering payment and compensation[69]. - The company has a pending arbitration case seeking compensation of RMB 42,180,818.65 due to increased labor costs related to a construction contract dispute[69]. - The company has been awarded a construction project with a total contract value of RMB 335,802,225.00 for the Qinglong Highway[69]. - The company has a court ruling requiring the defendant to return RMB 32,517,777.92 and pay interest calculated at the People's Bank of China loan rate until actual payment[69]. - The company is currently appealing a decision made by the Henan Province Intermediate People's Court[71]. - The company is actively managing its legal risks and has engaged in settlements to mitigate potential liabilities[71]. Financial Risks and Liabilities - The company faces industry risks due to its reliance on macroeconomic conditions and national fixed asset investment, which could impact future performance[54]. - Funding risks are heightened as the company transitions to public-private partnership models, increasing competition and potential cash flow issues[55]. - The company is exposed to financing risks, which could affect project implementation and profitability due to the complex macroeconomic environment[56]. - Accounts receivable risks are present due to long project durations and large contract amounts, leading to slower turnover and potential collection issues[57]. - Interest rate risks arise from fluctuations in market rates affecting the company's long-term and short-term bank borrowings[58]. Shareholder and Capital Structure - The largest shareholder, Heilongjiang Construction Group Co., Ltd., holds 286,339,763 shares, representing 44.45% of total shares, with 107,360,000 shares pledged[106]. - The company issued 107,360,000 new A shares in 2018, increasing total share capital to 644,167,658 shares, with the Construction Group remaining the largest shareholder[101]. - The company has a total of 55,242 common stock shareholders as of the end of the reporting period[104]. Cash Flow and Financial Position - The company reported a significant increase in prepayments, which rose to ¥1,052,006,075.35 from ¥455,708,078.04, reflecting a growth of approximately 131.1%[116]. - The company's cash and cash equivalents increased to ¥1,973,818,543.86 from ¥1,549,317,215.37, reflecting a growth of approximately 27.4%[116]. - Total current assets rose to ¥10,730,082,926.98 from ¥10,408,530,004.87, marking an increase of about 3.1%[116]. - The company’s total liabilities amounted to CNY 11,699,629,263.78, slightly down from CNY 11,783,553,696.22, a decrease of approximately 0.7%[121]. Accounting and Financial Reporting - The financial statements were prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations[156]. - The company's accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[157]. - The company prepares consolidated financial statements based on the financial statements of itself and its subsidiaries, treating the entire corporate group as a single accounting entity[166].

2018 年第一季度报告 公司代码：600853 公司简称：龙建股份 龙建路桥股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 2018 年第一季度报告 | 家政策规定、按照一定标准定额或定量持续享受的政府补助除外 | | | --- | --- | | 计入当期损益的对非金融企业收取的资金占用费 | | | 企业取得子公司、联营企业及合营企业的投资成本小于取得投资时应 | | | 享有被投资单位可辨认净资产公允价值产生的收益 | | | 非货币性资产交换损益 | | | 委托他人投资或管理资产的损益 | | | 因不可抗力因素，如遭受自然灾害而计提的各项资产减值准备 | | | 债务重组损益 | | | 企业重组费用，如安置职工的支出、整合费用等 | | | 交易价格显失公允的交易产生的超过公允价值部分的损益 | | | 同一控制下企业合并产生 ...

Financial Performance - The company's operating revenue for 2017 reached CNY 10,063,772,716.27, representing a year-on-year increase of 32.77% compared to CNY 7,579,906,781.24 in 2016[21]. - The net profit attributable to shareholders of the listed company was CNY 139,287,083.83, a significant increase of 375.27% from CNY 29,307,233.95 in the previous year[21]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was CNY 123,030,880.78, up 333.64% from CNY 28,371,358.39 in 2016[21]. - The total assets of the company at the end of 2017 were CNY 12,778,103,051.67, reflecting a growth of 35.07% from CNY 9,460,609,268.55 at the end of 2016[21]. - The cash flow from operating activities showed a net outflow of CNY 1,286,952,396.77, compared to a net outflow of CNY 1,418,127,933.91 in the previous year[21]. - The company's net assets attributable to shareholders increased to CNY 956,547,262.16, a rise of 16.09% from CNY 823,936,569.09 at the end of 2016[21]. - The basic earnings per share reached CNY 0.2595, a significant increase from CNY 0.0546 in the previous year, reflecting a growth of 375.27%[22]. - The weighted average return on equity rose to 15.646%, an increase of 12.1477 percentage points from the previous year[22]. - The company reported a total operating revenue of CNY 4,115,813,383.08 in Q4 2017, with a net profit of CNY 101,475,838.47 attributable to shareholders[25]. Business Operations - The company secured 127 new contracts with a total value of 14.376 billion CNY during the reporting period[40]. - In Heilongjiang Province, the company leveraged its geographical, credibility, and technical advantages to obtain contracts worth 5.622 billion CNY[40]. - The company expanded its market presence in Tibet, achieving contract amounts of 2.286 billion CNY[40]. - Internationally, the company increased its market scale in Mongolia, securing contracts worth 741 million CNY[40]. - The company completed 8 investment projects under the PPP model, with a total contract value of 5.727 billion CNY[40]. - The company maintained a 100% acceptance rate for project completion inspections during the reporting period[40]. - The company enhanced its financing capabilities, achieving a credit capacity exceeding 10 billion CNY through partnerships with major banks[41]. - The company holds various construction qualifications, including special-grade for highway engineering and first-grade for municipal public engineering, indicating a strong operational capability[31]. - The company employs a construction general contracting model, managing all aspects of project execution and quality control[31]. - The company is engaged in PPP projects, which contribute significantly to its profitability due to higher gross margins compared to traditional business[22]. Research and Development - Research and development expenses amounted to CNY 18.71 million, up 25.49% year-on-year, indicating a focus on technological innovation[47]. - The company holds over 150 national patents, including 130 utility model patents and 10 invention patents[37]. - The company achieved significant results in innovation and R&D, winning multiple awards for its technological advancements[37]. Legal and Compliance - The company is involved in significant litigation, with a total claim amount of RMB 57,139,624.34 related to a civil lawsuit against Guizhou Xintai and Labor Co., Ltd. for project payment and compensation[117]. - The company has a pending arbitration case with Qingdao Qinglong Highway Construction Co., Ltd., seeking compensation for increased labor costs totaling RMB 42,808,818.72[117]. - The company has incurred legal costs of RMB 100,000.00 related to the aforementioned case with Guo Hong[119]. - The company has been involved in multiple lawsuits and arbitrations, indicating ongoing legal challenges that may impact financial performance[118]. - The company’s litigation and arbitration activities have resulted in potential liabilities that could affect future cash flows and financial stability[118]. - The company is actively pursuing legal remedies to recover costs and enforce contracts, reflecting a strategic approach to managing disputes[117]. Shareholder and Governance - The company has not reported any significant changes in its ordinary share capital structure during the reporting period[154]. - The total number of common stock shareholders at the end of the reporting period was 58,694, an increase from 56,631 at the end of the previous month[155]. - The largest shareholder, Heilongjiang Construction Group Co., Ltd., holds 178,979,763 shares, representing 33.34% of total shares, with 89,489,881 shares pledged[157]. - The company has a governance structure that ensures equal rights for all shareholders, particularly minority shareholders, and maintains fair and transparent related-party transactions[185]. - The company has not reported any incidents of illegal or irregular use of insider information during the reporting period[188]. - The company has implemented a comprehensive insider information management system to regulate the flow and confidentiality of sensitive information[188]. Social Responsibility - The company has actively engaged in social responsibility initiatives, including providing employment opportunities for 17 impoverished individuals in Heilongjiang Province[149]. - The company organized a donation of 227 safety care packages for disadvantaged groups, benefiting disabled children and students in rural areas[150]. - The company participated in a blood donation campaign, with 128 employees contributing a total of 42,400 milliliters of blood[150]. Future Outlook - The company plans to secure new contracts worth 140 billion CNY in 2018, with expected revenue of 120 billion CNY[91]. - The company aims for a 100% completion rate of high-quality projects and contract fulfillment in 2018[91]. - The shift towards PPP projects is expected to play a significant role in future public road projects, enhancing the company's market position[89]. - The company is focusing on a diversified operational strategy to improve profitability and market competitiveness[89]. - The company is committed to a development strategy that includes market expansion, technological innovation, and capital operation[90].