Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,892,468,105.20, representing a year-on-year increase of 10.90%[6] - The net profit attributable to shareholders for Q1 2023 was CNY 5,034,960.77, reflecting a growth of 16.61% compared to the same period last year[6] - The basic earnings per share for Q1 2023 was CNY 0.005, which is an increase of 16.28% year-on-year[7] - Total revenue for Q1 2023 reached ¥1,892,468,105.20, an increase of 10.9% compared to ¥1,706,412,840.10 in Q1 2022[19] - Net profit for Q1 2023 was ¥10,213,091.21, a significant increase of 23.9% from ¥8,245,665.37 in Q1 2022[20] - Earnings per share for Q1 2023 were ¥0.0050, compared to ¥0.0043 in Q1 2022, representing a growth of 16.3%[21] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 31,598,061,058.08, a decrease of 2.73% from the end of the previous year[7] - The company's total liabilities as of Q1 2023 amounted to ¥27,280,864,943.62, a decrease from ¥27,974,499,697.37 in the previous year[19] - The total assets as of Q1 2023 were ¥31,598,061,058.08, down from ¥32,484,808,601.67 in the previous year[19] - The company's total liabilities and shareholders' equity amounted to CNY 18,337,588,703.85, reflecting a slight decrease from CNY 18,402,979,228.56 in the previous year[27] Cash Flow - Cash flow from operating activities for Q1 2023 was negative at CNY -2,492,021,306.03, indicating a significant cash outflow[6] - Cash inflow from operating activities for Q1 2023 was CNY 2,778,316,392.55, an increase of 14.93% from CNY 2,417,133,813.87 in Q1 2022[22] - Cash outflow from operating activities for Q1 2023 was CNY 5,270,337,698.58, up from CNY 4,807,257,281.51 in Q1 2022, resulting in a net cash flow from operating activities of -CNY 2,492,021,306.03[23] - The company reported a net cash flow from financing activities of CNY 191,108,830.76 in Q1 2023, a significant decrease from CNY 1,919,213,578.10 in Q1 2022[23] Inventory and Expenses - The company's inventory increased by 57.91% compared to the end of the previous year, primarily due to increased cash payments for construction materials[8] - The company reported a 76.96% increase in selling expenses, driven by increased participation in bidding projects this year[8] - Research and development expenses decreased by 60.59% year-on-year, attributed to fewer ongoing projects in Q1 2023 compared to the previous year[8] - Research and development expenses decreased to ¥8,380,485.72 in Q1 2023 from ¥21,265,095.32 in Q1 2022, indicating a reduction of 60.7%[19] - The company reported a decrease in sales expenses to CNY 4,862,687.31 from CNY 2,766,211.91, indicating a significant increase of 75.7%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 75,046[10] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., held 44.01% of the shares, totaling 446,690,030 shares[10] Recognition and Support - The company was recognized as a 2022 Intellectual Property Advantage Demonstration Enterprise in Heilongjiang Province, which may provide policy support and funding assistance[12]

Financial Performance - The company achieved operating revenue of CNY 16,959,130,680.84 in 2022, representing an increase of 11.59% compared to 2021[24]. - Net profit attributable to shareholders reached CNY 349,344,447.09, a growth of 29.95% year-over-year[24]. - The net cash flow from operating activities was CNY 997,844,811.72, a significant recovery from a negative cash flow in 2021[24]. - Total assets at the end of 2022 amounted to CNY 32,484,808,601.67, reflecting a 22.03% increase from the previous year[24]. - Basic earnings per share increased to CNY 0.34, up 25.93% from CNY 0.27 in 2021[25]. - The weighted average return on equity rose to 13.98%, an increase of 3.40 percentage points compared to 2021[25]. - The company reported a quarterly revenue of CNY 5,598,421,802.59 in Q4 2022, contributing to a strong year-end performance[27]. - Non-recurring gains for 2022 totaled CNY 10,396,292.80, compared to CNY 6,840,757.53 in 2021[30]. - The company reported a total revenue of ¥16,959,130,680.84 for the year, representing a 13.63% increase from the previous year[73]. - The net profit attributable to the parent company was CNY 34,934,440,000, with a total profit of CNY 47,665,100,000[65]. Dividend and Share Capital - The company plans to distribute a cash dividend of 0.35 CNY per 10 shares, totaling approximately 35.52 million CNY, which represents 10.17% of the net profit attributable to shareholders for the year 2022[5]. - As of December 31, 2022, the total share capital of the company was 1,014,902,546 shares[5]. - The company does not plan to increase capital through the conversion of capital reserves this year[5]. - The cash dividend policy remains unchanged, with a proposed cash dividend of 0.35 RMB per 10 shares, totaling 35,521,589.11 RMB distributed to shareholders[171]. - The cash dividend represents 13.21% of the net profit attributable to shareholders of the listed company for the year[171]. Risk Management - The company reported no significant risk events during the reporting period, and potential risks and mitigation measures are detailed in the report[8]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees to external parties[7]. - The company has established a robust risk management framework to address safety, information, and foreign exchange risks associated with its operations[118][119][117]. - The company acknowledges the complex and severe international and domestic political and economic situations, which pose uncertainties and potential risks to its business development[106]. Market Expansion and Development - The company is focused on high-quality development under its "14th Five-Year Plan," aiming for significant breakthroughs in operational capabilities[35]. - The company successfully expanded its domestic market and secured key investment projects, including the North Desert Expressway and the Harbin Southwest Ring Expressway[37]. - The company is actively pursuing market expansion through new project signings and ongoing construction efforts, reflecting a positive outlook for future growth[97]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[148]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the technology sector[143]. Innovation and Technology - The company achieved significant progress in technology innovation, with 57 ongoing research projects and 175 new intellectual property rights granted[40]. - The company holds a total of 541 patents and has published 148 technical papers, enhancing its innovation capabilities[61]. - Research and development expenses decreased by 20.73% to CNY 492,095,456.67, attributed to fewer new project initiations in 2022[67]. - The company is investing heavily in R&D, with a budget allocation of 200 million for new technologies aimed at enhancing operational efficiency[143]. - The company has adopted ISO14001 environmental management standards, ensuring compliance with national and local environmental regulations[184]. Governance and Management - The management team emphasizes the importance of accurate and complete financial reporting, ensuring accountability for the report's content[4]. - The governance structure includes a board of 10 members, with a majority being external directors, ensuring diverse expertise and stakeholder representation[124]. - The company has established a mechanism for evaluating the performance of the board and senior management, enhancing accountability[127]. - The company has established specialized committees, including the Audit Committee and the Strategic Committee, to enhance governance[155]. - The company has committed to avoiding competition with its controlling shareholder and related entities, ensuring independence in operations and business activities[129]. Environmental and Social Responsibility - The company has committed to sustainable development by integrating ecological protection measures into its construction practices[186]. - The company received recognition for its environmental efforts, including awards for 1 provincial model project and 5 green construction projects during the reporting period[184]. - Total investment in social responsibility initiatives amounted to 733,000 RMB, benefiting approximately 4,073 individuals through various programs such as poverty alleviation and community support[190]. - The company actively participated in rural revitalization projects with a total investment of 84,000 RMB, directly benefiting 418 individuals through employment and infrastructure improvements[191]. - The company achieved a reduction of 50,563 tons in carbon dioxide equivalent emissions through various decarbonization measures, including the use of clean energy and recycling of old materials[187]. Future Outlook - The company planned to add new contract orders of 28.5 billion RMB in 2023, with a target revenue of 18 billion RMB and a net profit of 4.2 billion RMB[110]. - The company is set to increase the expected amount of daily related transactions for 2022[157]. - The company has outlined a strategy to prioritize business opportunities that benefit Longjian Road and Bridge Co., Ltd.[198]. - The company is committed to maintaining a stable growth strategy while actively promoting moderate diversification in related professional fields[107]. - The company is focusing on expanding its market presence through strategic planning and potential mergers[161].

证券代码：600853 证券简称：龙建股份 公告编号：2023-032 龙建路桥股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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： 投资者可于 2023 年 4 月 3 日(星期一)至 4 月 10 日(星期一)16:00 前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 lj_xuxiaoyan@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 龙建路桥股份有限公司（以下简称公司）已于 2023 年 3 月 31 日 发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况和现金分红，公司计划于 2023 年 4 月 11 日上午 10:00-11:30 举行 2022 年度业绩暨现金分红说明会，就投 资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 2022 ...

[Major Financial Data](index=1&type=section&id=Item%201.%20Major%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's first three quarters of 2022 saw CNY 11.36 billion in revenue and CNY 164 million in net profit, with total assets growing 13.85% to CNY 30.31 billion Key Financial Indicators for Q1-Q3 and Q3 2022 | Indicator | Year-to-Date (Jan-Sep) (CNY) | YoY Change (%) | Current Period (Q3) (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 11,360,708,878.25 | 2.67 | 5,509,015,519.92 | -6.82 | | Net Profit Attributable to Shareholders of the Listed Company | 164,382,033.58 | 12.65 | 111,334,722.09 | 1.27 | | Net Profit Attributable to Shareholders of the Listed Company (Excluding Non-recurring Gains and Losses) | 155,101,591.88 | 12.43 | 107,080,016.70 | -1.40 | | Net Cash Flow from Operating Activities | -2,700,252,746.87 | Not Applicable | -433,488,528.16 | Not Applicable | Key Balance Sheet Indicators at Period-End | Indicator | As of Period-End (CNY) | As of Prior Year-End (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 30,307,723,690.08 | 26,620,643,935.49 | 13.85 | | Total Equity Attributable to Shareholders of the Listed Company | 2,489,969,660.00 | 2,348,875,280.54 | 6.01 | [Non-recurring Gains and Losses and Amounts](index=2&type=section&id=Non-recurring%20Gains%20and%20Losses%20and%20Amounts) In the first three quarters of 2022, the company's total non-recurring gains and losses amounted to CNY 9.28 million, primarily from government grants recognized in current profit or loss Details of Non-recurring Gains and Losses (Year-to-Date) | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | 387,748.70 | | Government grants recognized in current profit or loss | 11,942,181.96 | | Other non-operating income and expenses apart from the above | -88,585.56 | | Less: Income tax impact | 2,085,646.17 | | Less: Impact on minority interests (after tax) | 875,257.23 | | **Total** | **9,280,441.70** | [Explanation of Changes in Key Accounting Data and Financial Indicators](index=3&type=section&id=Explanation%20of%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, several balance sheet items saw significant changes, including prepayments increasing by 211.19% due to bulk material purchases and long-term payables surging 577.75% from government subsidies Major Balance Sheet Changes and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | 211.19 | Increased procurement of bulk materials through prepayment methods | | Contract Assets | 61.94 | Due to performance obligations fulfilled but not yet confirmed by customers | | Investments in Other Equity Instruments | 433.90 | Due to capital contributions to participating PPP projects as agreed | | Intangible Assets | 37.69 | Due to an increase in "intangible asset model" PPP projects this year | | Long-term Payables | 577.75 | Due to the receipt of government vehicle purchase tax subsidies by affiliated companies | [Shareholder Information](index=4&type=section&id=Item%202.%20Shareholder%20Information) [Shareholding Status](index=4&type=section&id=Total%20Common%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Shareholding%20Status) As of the period-end, the company had 55,907 common shareholders, with the controlling shareholder, Heilongjiang Construction Investment Group Co., Ltd., holding 44.01% and no pledges or freezes among the top ten shareholders - Total common shareholders at period-end numbered **55,907**[11](index=11&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Type | Shareholding Percentage (%) | | :--- | :--- | :--- | | Heilongjiang Construction Investment Group Co., Ltd. | State-owned Legal Person | 44.01 | | JPMORGAN CHASE BANK,NATIONAL ASSOCIATION | Overseas Legal Person | 0.48 | | He Anzhi | Domestic Natural Person | 0.37 | | Xie Wenjuan | Domestic Natural Person | 0.35 | | Chen Wensheng | Domestic Natural Person | 0.26 | | Huatai Securities Co., Ltd. | State-owned Legal Person | 0.25 | | Ping An Securities Co., Ltd. | Domestic Non-state-owned Legal Person | 0.22 | | CITIC Securities Co., Ltd. | State-owned Legal Person | 0.21 | | Everbright Securities Co., Ltd. | State-owned Legal Person | 0.21 | | Meng Yajun | Domestic Natural Person | 0.21 | [Other Reminders](index=5&type=section&id=Item%203.%20Other%20Reminders) [Significant Information on Operating Performance](index=5&type=section&id=Significant%20Information%20on%20Operating%20Performance%20Requiring%20Investor%20Attention) During the reporting period, the company achieved several business milestones, including obtaining full-sequence national highway maintenance qualifications, contributing to rural revitalization, and receiving ongoing payments for the Mongolia 167km project despite exchange rate differences - The company and its subsidiaries obtained the first batch of full-sequence national general highway maintenance qualifications in Heilongjiang Province, enabling expansion into the national market[13](index=13&type=chunk) - The company's 'Pioneering the Era, Assisting Rural Revitalization' case was selected as an outstanding practice case by the China Association for Public Companies, highlighting its social responsibility contributions[14](index=14&type=chunk) - The Mongolia 167km project had **CNY 210 million** in investment repayments due in 2022, with approximately **CNY 172 million** received by period-end, primarily due to exchange rate fluctuations and pending project settlement approvals[16](index=16&type=chunk)[17](index=17&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Item%204.%20Quarterly%20Financial%20Statements) [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets reached CNY 30.31 billion, up 13.85% from the beginning of the year, with total liabilities at CNY 26.14 billion, increasing 15.73%, resulting in a liability ratio of 86.25% Key Items from Consolidated Balance Sheet | Item | September 30, 2022 (CNY) | December 31, 2021 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 3,903,623,554.28 | 5,359,731,223.16 | -27.17 | | Accounts Receivable | 4,176,705,697.92 | 4,043,555,931.14 | 3.29 | | Contract Assets | 4,246,716,195.39 | 2,622,354,112.45 | 61.94 | | **Total Assets** | **30,307,723,690.08** | **26,620,643,935.49** | **13.85** | | Short-term Borrowings | 3,318,980,366.62 | 2,803,111,168.23 | 18.40 | | Long-term Borrowings | 8,864,529,173.14 | 6,860,139,009.16 | 29.22 | | **Total Liabilities** | **26,141,125,844.35** | **22,588,252,753.81** | **15.73** | | Total Equity Attributable to Parent Company Shareholders | 2,489,969,660.00 | 2,348,875,280.54 | 6.01 | [Consolidated Income Statement](index=9&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2022, the company's total operating revenue was CNY 11.36 billion, up 2.67%, with net profit attributable to the parent company increasing 12.65% to CNY 164 million, driven by cost control and improved investment income Key Items from Consolidated Income Statement (Q1-Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 11,360,708,878.25 | 11,065,407,635.77 | 2.67 | | Operating Costs | 10,112,148,720.45 | 9,767,724,389.95 | 3.53 | | Research and Development Expenses | 341,642,811.87 | 451,759,879.23 | -24.38 | | Financial Expenses | 319,906,205.96 | 232,988,252.98 | 37.31 | | Operating Profit | 220,591,168.23 | 231,744,098.93 | -4.81 | | **Net Profit Attributable to Parent Company Shareholders** | **164,382,033.58** | **145,921,810.05** | **12.65** | | Basic Earnings Per Share (CNY/share) | 0.16 | 0.1452 | 10.19 | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2022, net cash flow from operating activities was a negative CNY 2.70 billion, indicating significant collection pressure, while investing activities resulted in a net outflow of CNY 807 million, and financing activities provided a net inflow of CNY 1.91 billion Key Items from Consolidated Cash Flow Statement (Q1-Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -2,700,252,746.87 | -2,372,374,075.77 | | Net Cash Flow from Investing Activities | -806,528,958.52 | -590,174,064.66 | | Net Cash Flow from Financing Activities | 1,912,683,287.65 | 2,262,183,535.24 | | Net Increase in Cash and Cash Equivalents | -1,594,098,417.74 | -700,364,605.19 | | Cash and Cash Equivalents at Period-End | 3,297,273,988.55 | 3,832,586,302.42 | [Parent Company Financial Statements](index=13&type=section&id=Parent%20Company%20Financial%20Statements) [Parent Company Balance Sheet](index=13&type=section&id=Parent%20Company%20Balance%20Sheet) As of September 30, 2022, the parent company's total assets were CNY 17.46 billion, a slight 2.46% increase from year-start, with total liabilities at CNY 15.73 billion, resulting in a high liability ratio of 90.09% Key Items from Parent Company Balance Sheet | Item | September 30, 2022 (CNY) | December 31, 2021 (CNY) | | :--- | :--- | :--- | | Total Assets | 17,460,313,894.82 | 17,040,618,068.30 | | Total Liabilities | 15,729,477,720.87 | 15,332,004,555.92 | | Total Owners' Equity | 1,730,836,173.95 | 1,708,613,512.38 | [Parent Company Income Statement](index=15&type=section&id=Parent%20Company%20Income%20Statement) In the first three quarters of 2022, the parent company's operating revenue was CNY 6.27 billion, largely flat year-on-year, while net profit increased by 20.70% to CNY 49.24 million Key Items from Parent Company Income Statement (Q1-Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | | :--- | :--- | :--- | | Operating Revenue | 6,269,232,320.69 | 6,248,655,967.79 | | Operating Profit | 64,437,711.12 | 57,682,198.25 | | Net Profit | 49,242,824.39 | 40,798,587.57 | [Parent Company Cash Flow Statement](index=17&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In the first three quarters of 2022, the parent company's net cash flow from operating activities significantly deteriorated to a negative CNY 1.68 billion, while financing activities provided a net inflow of CNY 763 million Key Items from Parent Company Cash Flow Statement (Q1-Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -1,676,688,255.63 | 48,702,891.96 | | Net Cash Flow from Investing Activities | -214,589,046.59 | -594,600,487.87 | | Net Cash Flow from Financing Activities | 763,031,713.71 | 510,541,218.25 | | Net Increase in Cash and Cash Equivalents | -1,128,245,588.51 | -35,356,377.66 |

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 5,851,693,358.33, representing a 13.55% increase compared to CNY 5,153,336,826.38 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was CNY 53,047,311.49, a significant increase of 47.41% from CNY 35,986,382.16 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,021,575.18, reflecting a 63.59% increase compared to CNY 29,354,367.66 in the same period last year[21]. - The basic earnings per share for the first half of 2022 was CNY 0.05, a 39.66% increase from CNY 0.0358 in the same period last year[22]. - The diluted earnings per share also stood at CNY 0.05, reflecting the same percentage increase of 39.66% compared to the previous year[22]. - The weighted average return on net assets increased to 2.23%, up 0.7551 percentage points from 1.4749% in the previous year[22]. - The company achieved operating revenue of CNY 585,169.34 million and a net profit attributable to shareholders of CNY 5,304.73 million during the reporting period[44]. - The company reported a total revenue of 1,000 million yuan for the first half of 2022, with a significant increase in construction projects contributing to this growth[67]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -2,266,764,218.71, an improvement from CNY -2,509,888,252.75 in the previous year[21]. - The total assets at the end of the reporting period were CNY 28,959,292,771.21, an increase of 8.79% from CNY 26,620,643,935.49 at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were CNY 2,410,548,200.80, up 2.63% from CNY 2,348,875,280.54 at the end of the previous year[21]. - The total liabilities as of June 30, 2022, are not specified but are critical for assessing the company's financial health[139]. - The total current assets as of June 30, 2022, amount to RMB 16,605,015,212.33, an increase from RMB 15,863,413,912.08 at the beginning of the period[139]. - The cash and cash equivalents decreased to RMB 4,895,134,473.54 from RMB 5,359,731,223.16[139]. - The accounts receivable decreased slightly to RMB 3,939,778,702.96 from RMB 4,043,555,931.14[139]. - The total liabilities reached ¥24,886,300,736.12, up from ¥22,588,252,753.81, marking a growth of around 10.2%[141]. Investments and Projects - The company is involved in PPP projects, where it manages design, construction, and operation, ensuring a stable revenue stream[32]. - The company successfully secured major projects such as the PPP project for the Beimo Expressway and the construction of the "Beautiful Heilongjiang" border road, consolidating its leading position in the provincial market[45]. - The company is planning to establish a clean coal powder processing plant in Heilongjiang Province, with related technologies already patented[39]. - The company is involved in a PPP project with a total investment of 1,095,015,100 CNY, where the company has contributed 21,901,510 CNY, representing 10% of the project's registered capital[106]. - The total investment for the PPP project in Fuyun City, Heilongjiang Province is CNY 499.01 million, with the company contributing CNY 29.94 million, accounting for 30% of the registered capital[107]. Research and Development - Research and development expenses rose significantly to CNY 118,791,528.44, marking a 44.44% increase year-on-year, reflecting a focus on innovation[53]. - During the reporting period, the company added 87 national patents, including 2 invention patents and 85 utility model patents, and published 42 technical papers[40]. - The company launched the upgraded version 2.0 of the "Smart Construction Site Comprehensive Command Cloud Platform" and promoted it in various projects[48]. - The company has 66 ongoing technology projects, with 23 newly initiated research projects during the reporting period[48]. Risk Management - The company reported no significant risk events during the reporting period, and potential risks and countermeasures are detailed in the report[7]. - The company faces risks related to funding, as the shift towards public-private partnerships (PPP) increases competition and financial exposure[68]. - The company has a large accounts receivable amount due to long project durations, which poses a collection risk[70]. - The company is exposed to foreign exchange risks primarily related to USD transactions, which could impact financial performance[72]. - The company is facing increased safety risks on construction sites due to a higher volume of work and personnel involved[73]. Corporate Governance and Compliance - The company has maintained an "A" credit rating or above for 11 consecutive years in the national transportation system credit evaluation, enhancing its reputation in the industry[41]. - The company has committed to not using raised funds for unrelated investments, ensuring compliance with regulatory requirements[202]. - There are no significant non-operating fund occupations by major shareholders or related parties during the reporting period[95]. - The company has established a dedicated account for raised funds to ensure proper usage according to disclosed purposes[202]. - The company adheres to ISO14001 environmental management standards, ensuring compliance with national and local environmental regulations, with no environmental pollution incidents reported during the reporting period[83]. Social Responsibility - The company actively participates in poverty alleviation and rural revitalization efforts, contributing to infrastructure development and disaster relief initiatives[87]. - The company donated materials to support government pandemic prevention efforts during the reporting period[88]. - The company's report titled "Be a Pioneer of the Times, Assist Rural Revitalization" was selected as an excellent practice case by the China Listed Companies Association[88]. Shareholder Information - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 446,690,030 shares, representing 44.01% of total shares[131]. - The company has a total of 63,082 common stock shareholders as of the end of the reporting period[129]. - The total owner's equity at the end of the first half of 2022 was CNY 2,218,100,000[165].

Group 1: Event Announcement - Longjian Road and Bridge Co., Ltd. will participate in the "2022 Online Collective Reception Day for Listed Companies in Heilongjiang Province" on May 12, 2022, from 14:30 to 16:30 [1] - The event is co-hosted by the Heilongjiang Provincial Association of Listed Companies and Shenzhen Panorama Network Co., Ltd. [1] Group 2: Participants - Attendees include Mr. Tian Yulong (Party Secretary and Chairman), Mr. Ning Changyuan (Deputy Party Secretary, Vice Chairman, and General Manager), Mr. Luan Qingzhi (Director and Deputy General Manager), Mr. Liu Shujun (Deputy General Manager), Mr. Yu Haijun (Director and Chief Accountant), and Mr. Ding Bo (Independent Director) [1] Group 3: Investor Engagement - The company is soliciting questions from investors prior to the event to enhance communication and address common concerns [1] - Investors can submit questions until 12:00 on May 12, 2022, via the designated webpage [1]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,706,412,840.10, representing a year-on-year increase of 29.40%[6] - The net profit attributable to shareholders for the same period was CNY 4,317,911.75, reflecting a significant increase of 68.72% compared to the previous year[6] - The basic earnings per share (EPS) was CNY 0.0043, which is an increase of 70.18% year-on-year[6] - Net profit for Q1 2022 reached CNY 8,245,665.37, a significant increase from CNY 728,914.17 in Q1 2021, representing a growth of 1,030.5%[21] - Total comprehensive income for Q1 2022 was CNY 3,787,815.06, compared to CNY 889,482.37 in Q1 2021, an increase of 326.5%[22] - The company reported a significant increase in prepayments to approximately ¥1.14 billion from ¥413.44 million year-over-year[16] - The company’s total profit for Q1 2022 was CNY 11,234,607.04, a decrease of 71.8% from CNY 39,919,183.45 in Q1 2021[30] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 27,463,338,925.21, showing a growth of 3.17% from the end of the previous year[7] - The total liabilities as of Q1 2022 amounted to CNY 23,397,529,667.09, compared to CNY 22,588,252,753.81 in Q1 2021, reflecting an increase of 3.6%[20] - The total assets as of March 31, 2022, amounted to CNY 17,053,282,294.75, slightly up from CNY 17,040,618,068.30 at the end of 2021[27] - The total liabilities as of March 31, 2022, were CNY 15,333,454,302.10, slightly up from CNY 15,332,004,555.92 at the end of 2021[27] - The company's accounts receivable increased by 2,199.33% compared to the end of the previous year, primarily due to an increase in received bills from subsidiaries[9] - The company reported a decrease in credit impairment losses to CNY -12,543,350.28 in Q1 2022 from CNY -22,534,663.51 in Q1 2021, indicating an improvement in asset quality[21] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -2,390,123,467.64, which is not applicable for year-on-year comparison[6] - Cash inflow from operating activities was CNY 2,417,133,813.87 in Q1 2022, up from CNY 1,884,344,907.46 in Q1 2021, indicating a growth of 28.3%[23] - The net cash flow from financing activities was CNY 924,337,918.29, up from CNY 725,613,640.45 in the previous year[32] - The company’s cash outflow from investment activities was -CNY 112,422,673.98, compared to -CNY 10,350,000.86 in the same period last year[24] - The total cash outflow for operating activities was CNY 3,689,211,553.79, which increased from CNY 2,247,234,402.78 in the same quarter last year[31] Research and Development - The company's research and development expenses surged by 558.53% compared to the same period last year, indicating increased investment in technology and process development[9] - Research and development expenses increased to CNY 21,265,095.32 in Q1 2022, up from CNY 3,229,192.52 in Q1 2021, marking a rise of 559.5%[20] - Research and development expenses increased to CNY 5,570,611.37 in Q1 2022, up from CNY 1,939,696.11 in Q1 2021, indicating a focus on innovation[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 71,646[12] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 446,690,030 shares, accounting for 44.01% of total shares[13] Operating Expenses - The company experienced a 611.18% increase in other operating expenses, mainly due to penalties imposed by government authorities[10] - The total operating costs for Q1 2022 were CNY 1,685,865,845.86, an increase of 30.0% from CNY 1,296,525,484.92 in Q1 2021[20] - The financial expenses for Q1 2022 were CNY 53,002,159.01, significantly higher than CNY 22,939,999.52 in Q1 2021, with interest expenses rising to CNY 76,219,093.79[29]

Financial Performance - The company's total revenue for 2021 was approximately ¥15.20 billion, representing a 28.39% increase compared to ¥11.84 billion in 2020[24]. - Net profit attributable to shareholders was approximately ¥268.84 million, a 19.77% increase from ¥224.45 million in 2020[24]. - The basic earnings per share for 2021 was ¥0.27, up 20.86% from ¥0.2234 in 2020[25]. - The weighted average return on equity decreased to 10.58%, down 1.23 percentage points from 11.81% in 2020[25]. - The company's total assets increased by 13.54% to approximately ¥26.62 billion from ¥23.45 billion in 2020[24]. - Operating cash flow for 2021 was negative at approximately -¥1.25 billion, a significant decrease from ¥2.34 billion in 2020[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥261.99 million, a 17.80% increase from ¥222.41 million in 2020[24]. - The company achieved operating revenue of CNY 1,519,833.20 million and a net profit attributable to shareholders of CNY 26,883.66 million during the reporting period, marking a strong start to the "14th Five-Year Plan"[34]. - The company reported a net profit of CNY 31,958.46 million, with a net profit attributable to the parent company of CNY 26,883.66 million[63]. Dividends and Share Capital - The company plans to distribute a cash dividend of 0.35 RMB per 10 shares, totaling approximately 35.52 million RMB, which represents 13.21% of the net profit attributable to shareholders for the year 2021[6]. - The total share capital as of December 31, 2021, was 1,014,902,546 shares[6]. Risk Management - The company reported no significant risk events during the reporting period, and potential risks have been detailed in the report[9]. - The company’s future plans and development strategies are subject to investment risks, and no substantial commitments are made to investors[7]. - The company has not faced any rejected proposals in its recent shareholder meetings, indicating strong governance and shareholder support[120]. - The company has not encountered any risks that would lead to delisting warnings[190]. Governance and Compliance - The company has established a governance structure with a board of 9 members, including 4 independent directors, ensuring a diverse composition that protects shareholder interests[113]. - The board has implemented a performance evaluation and incentive mechanism, with clear contractual goals for management, enhancing accountability and motivation[115]. - The company has a robust internal control system to prevent insider trading and ensure compliance with information disclosure regulations, with no reported violations[116]. - The company has established a financial management system that combines centralized and decentralized decision-making, ensuring effective oversight of major financial issues while allowing subsidiaries some operational autonomy[163]. Market Expansion and Strategy - The company is actively expanding its market presence both domestically and internationally, with a focus on investment operations and traditional infrastructure[35]. - The company aims to enhance its market core competitiveness by focusing on investment-driven order growth and optimizing market structure[99]. - The company is exploring potential acquisitions to diversify its service offerings, with a budget of 100 million allocated for this purpose[131]. - Future growth strategies include market expansion and potential mergers and acquisitions to strengthen market position[128]. Research and Development - Research and development expenses surged to CNY 620,757.06 million, a significant increase of 263.98% compared to the previous year, as the company intensified its investment in construction process technology and methods[66]. - The company holds a total of 417 patents, including 48 invention patents, and has published 97 technical papers during the reporting period[57]. - The company is focused on developing new technologies and products to enhance service offerings and competitiveness[128]. Legal Matters - The company is involved in significant litigation matters, including a claim for compensation of RMB 42,180,818.65 due to increased labor costs from Qinglong Company[191]. - The company has faced a court ruling that froze its bank deposits amounting to RMB 27,957,555.13 as part of ongoing litigation[191]. - The company is currently awaiting the outcome of an appeal filed on November 23, 2018, regarding the previous court's decision[194]. - The company is involved in ongoing litigation that may impact its financial position and operational focus[197]. Social Responsibility and Community Engagement - The company established 5 fixed poverty alleviation demonstration points and 16 mobile poverty alleviation demonstration points, significantly promoting rural revitalization[177]. - The company actively engaged in local education support by improving infrastructure, such as constructing activity venues for schools in Heilongjiang Province, enhancing educational conditions[177]. - The company has implemented green construction practices, resulting in the establishment of 5 provincial-level green construction model projects and the development of 1 local green construction standard during the reporting period[168]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 5,926, with 105 in the parent company and 5,821 in subsidiaries[149]. - The company has a strong leadership team with extensive experience in the construction and engineering sectors, enhancing operational efficiency[128]. - The management team has a combined experience of over 20 years in their respective roles, ensuring stability and continuity in leadership[128]. Financial Health and Investments - The company reported a significant increase in financial expenses by 70.04% to ¥436,497,645.94[75]. - The company’s intangible assets increased by 241.84% to ¥1,579,023,994.80, now accounting for 5.93% of total assets[79]. - The net cash flow from operating activities decreased by 3.599 billion RMB compared to the same period last year, primarily due to increased investment in PPP projects, which have minimal cash inflow during the construction phase[67].

2021 年第三季度报告 证券代码：600853 证券简称：龙建股份 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 5,912,070,809.39 | 21.24 | 11,065,407,635.77 | 37.89 | | 归属于上市公司股东的净利润 | 109,935,427.89 | 4.90 | 145,921,810.05 | 8.96 | | 归属于上市公司股东的扣除非经常 | 108,602,703.07 | 5.15 | 137,957,070.73 | 5.71 | | 性损益的净利润 | | | | | | 经营活动产生的现金流量净额 | 不适用 | 不适用 | -2,372,374,075.77 | -403.65 | | 基本每股收益（元/股） | 0.1094 | -12.55 | 0.1452 | -9.19 | | 稀释每股收 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 5,153,336,826.38, representing a 63.68% increase compared to CNY 3,148,505,034.93 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 35,986,382.16, an increase of 23.54% from CNY 29,129,340.27 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,354,367.66, up 7.85% from CNY 27,218,798.50 year-on-year[18]. - The basic earnings per share for the first half of 2021 were CNY 0.0358, a 2.87% increase compared to CNY 0.0348 in the same period last year[19]. - The diluted earnings per share were also CNY 0.0358, reflecting the same growth rate of 2.87%[19]. - The company reported a total comprehensive income of ¥45,675,636.71, compared to ¥25,379,572.05 in the first half of 2020, reflecting a growth of 80.1%[157]. - The company reported a total revenue of 166,392,027,000 RMB for the first half of 2021, reflecting a year-on-year increase of 27.51%[189]. - The net profit attributable to shareholders was 41,870,897,000 RMB, with earnings per share (EPS) of 7.66 RMB[186]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -2,509,888,252.75, a significant decrease compared to CNY 8,253,083.66 in the same period last year, reflecting a decline of 30,511.52%[18]. - Cash inflow from operating activities reached CNY 6,322,772,921.82, up from CNY 4,680,822,304.90 in the first half of 2020, representing a growth of approximately 35%[164]. - The ending cash and cash equivalents balance was CNY 3,343,558,998.49, up from CNY 2,004,446,933.97 at the end of the first half of 2020[166]. - The company’s cash and cash equivalents decreased to CNY 3,528,488,001.40 from CNY 4,758,242,329.55, representing a decline of approximately 25.9%[147]. - The company has maintained a strong cash position, with cash and cash equivalents reported at 900,320,400.00 RMB[189]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 24,067,805,134.79, an increase of 2.65% from CNY 23,446,262,778.74 at the end of the previous year[18]. - The total liabilities decreased to RMB 15,544,947,099.15 from RMB 16,041,661,906.67, showing a reduction of approximately 3.1%[148]. - The company's inventory stood at CNY 2,411.97 million, accounting for 9.96% of total assets, with a year-on-year increase of 63.93% due to rising orders and material procurement[49]. - The total equity attributable to shareholders rose to CNY 2,464,372,621.66 from CNY 2,415,313,053.99, an increase of approximately 2%[151]. Investments and Research - Research and development expenses surged to CNY 82.24 million, a staggering increase of 1,716.74% compared to the previous year, driven by significant investments in research projects[47]. - The company has allocated significant resources towards research and development to enhance its product offerings and maintain competitive advantage[182]. - The company is actively pursuing strategic acquisitions to enhance its competitive position in the market[181]. Market Position and Strategy - The company is positioned to benefit from national strategies such as "Transportation Power" and "New Urbanization," which are expected to drive infrastructure investment[26]. - The company aims to expand its overseas market presence, leveraging its ranking and qualifications to capture international opportunities[29]. - The company is focused on ensuring compliance with commitments to avoid competition with related parties, with a commitment to transparency and fairness in related transactions[80]. Legal and Compliance Issues - The company is currently involved in multiple legal disputes, with one case still pending a second-instance ruling[94]. - The company faced a litigation that froze funds amounting to ¥27,957,555.13, which has since been resolved and the funds have been released[51]. - The company is actively seeking to resolve outstanding legal matters to focus on business operations[97]. - The company has incurred significant legal costs due to ongoing litigation[97]. Environmental and Social Responsibility - The company has implemented green construction management practices in response to national carbon peak and carbon neutrality goals, focusing on resource and energy conservation[70]. - The company has actively participated in poverty alleviation and rural revitalization projects, including road construction in impoverished areas[75]. - The company has utilized renewable energy sources at construction sites to reduce carbon emissions, including solar and wind energy[74]. Future Outlook - The company plans to expand its market presence, focusing on new product development and technological advancements to drive future growth[181]. - Future guidance indicates a focus on maintaining revenue growth while improving operational efficiency and profitability margins[182]. - The company has set a performance guidance for the next quarter, expecting continued revenue growth driven by increased market demand[189].