Financial Performance - Operating revenue increased by 162.43% to CNY 1,318,758,006.77 compared to the same period last year[5] - Net profit attributable to shareholders of the listed company improved to CNY -978,375.56 from CNY -4,670,924.59 year-on-year[5] - The basic and diluted earnings per share improved to CNY 0.0025 from CNY -0.0044 year-on-year[5] - The company reported a net profit of CNY 35,470,849.86 for Q1 2021, up from CNY 1,583,949.04 in the same period last year, reflecting a year-over-year increase of over 2,100%[39] - The company’s net profit attributable to shareholders for Q1 2021 was CNY 2,559,142.75, compared to a net loss of CNY 4,389,023.51 in Q1 2020, marking a significant turnaround[35] - The total operating revenue for Q1 2021 was CNY 1,318,758,006.77, a significant increase from CNY 502,516,067.80 in Q1 2020, representing a growth of approximately 162.5%[33] - The company reported a total of CNY 4,973,462,161.88 in other non-current assets[45] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -1,651,146,023.50 compared to CNY -260,989,632.37 in the previous year[5] - The net cash flow from operating activities for Q1 2021 was -1,091,622,879.92 RMB, compared to -68,442,961.08 RMB in Q1 2020, indicating a significant decline[42] - Cash inflow from operating activities in Q1 2021 was CNY 1,884,344,907.46, compared to CNY 1,500,451,395.06 in Q1 2020, showing an increase of approximately 25.6%[40] - The cash inflow from operating activities was primarily driven by sales of goods and services, which totaled 1,108,735,217.02 RMB in Q1 2021, up from 999,557,431.12 RMB in Q1 2020[42] - The company’s total cash and cash equivalents decreased by 369,113,229.36 RMB in Q1 2021, compared to a decrease of 323,550,179.68 RMB in Q1 2020[43] Assets and Liabilities - Total assets decreased by 2.42% to CNY 22,878,426,179.47 compared to the end of the previous year[5] - The company’s inventory at the end of the period was CNY 1,938.10 million, up 31.72% from the previous year, reflecting increased material reserves for projects[14] - The company’s total liabilities amounted to CNY 20,130,629,319.80, indicating a significant leverage position[46] - Current liabilities reached CNY 16,041,661,906.67, including short-term borrowings of CNY 2,472,314,721.24 and accounts payable of CNY 6,427,033,481.89[46] - The company’s long-term borrowings increased to ¥3.48 billion from ¥3.40 billion, reflecting a rise of about 2.4%[28] Shareholder Information - The number of shareholders reached 52,688 at the end of the reporting period[8] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 44.45% of the shares[8] - The total equity attributable to shareholders increased to CNY 1,976,319,416.51 from CNY 1,938,796,403.48, showing a growth of about 1.9%[32] Research and Development - Research and development expenses rose to CNY 3.23 million, marking an 87.67% increase, indicating a commitment to innovation[17] - Research and development expenses for Q1 2021 were CNY 1,939,696.11, compared to CNY 375,707.57 in Q1 2020, indicating a focus on innovation and product development[38] Other Financial Metrics - The weighted average return on equity increased by 0.2402 percentage points to 0.1059%[5] - Non-recurring gains and losses totaled CNY 3,537,518.31 for the reporting period[8] - The company achieved a significant increase in other income, which rose by 6864.94% to CNY 2.89 million, mainly from government subsidies[17] - The company recorded a 100% increase in right-of-use assets, totaling CNY 71.08 million, due to the implementation of new leasing standards[14] - The company incurred operating costs of CNY 719,652,184.19 in Q1 2021, up from CNY 234,474,571.27 in Q1 2020, reflecting increased operational scale[37]

Financial Performance - In 2020, the company's operating revenue reached approximately CNY 11.84 billion, representing a year-on-year increase of 6.58% compared to CNY 11.11 billion in 2019[22]. - The net profit attributable to shareholders was approximately CNY 224.45 million, a slight increase of 0.56% from CNY 223.21 million in 2019[22]. - The basic earnings per share (EPS) for 2020 was CNY 0.2234, reflecting a 0.59% increase from CNY 0.2221 in 2019[22]. - The net cash flow from operating activities improved significantly to approximately CNY 2.34 billion, compared to a negative cash flow of CNY -851.12 million in 2019[22]. - The company's total assets increased by 18.75% to approximately CNY 23.45 billion at the end of 2020, up from CNY 19.74 billion at the end of 2019[22]. - The net assets attributable to shareholders rose by 31.52% to approximately CNY 2.42 billion, compared to CNY 1.84 billion at the end of 2019[22]. - The company's total revenue for 2020 was CNY 11,837,428,005.59, representing a 6.57% increase from CNY 11,106,371,251.76 in 2019[59]. - The construction engineering segment accounted for 98.25% of total revenue in 2020, with revenue of CNY 11,630,206,648.54, up from CNY 10,637,745,721.24 in 2019[59]. Dividends and Profit Distribution - The company distributed a cash dividend of CNY 16,748,359.10 (including tax) for the third quarter of 2020, with a plan to distribute 0.5 shares for every 10 shares held and a cash dividend of CNY 0.20 per 10 shares[5]. - The board proposed not to distribute profits or increase capital reserves at the end of 2020, opting to carry forward the remaining profits for future distribution[5]. - The company distributed cash dividends totaling approximately CNY 16.75 million to shareholders, with a stock dividend of 0.5 shares for every 10 shares held[22]. - The company's net profit attributable to ordinary shareholders for 2020 was 224,453,925.94 RMB, with a dividend payout ratio of 7.46%[102]. Risk Management - The company reported no significant risk events during the reporting period, with detailed descriptions of potential risks and countermeasures provided in the report[8]. - The company’s future plans and strategic developments are subject to investment risks, and no substantial commitments are made to investors[6]. - The company faces financing risks due to the expansion of its operational scale and investment projects, which may impact its profitability[93]. - Accounts receivable risk is significant due to the long project durations and large contract amounts typical in the construction industry, leading to slower turnover[94]. - Interest rate risk arises primarily from long-term and short-term bank borrowings, affecting the company's cash flow[95]. - The company is exposed to foreign exchange risk, particularly related to USD and other foreign currencies, which may impact its operational performance[96]. - Safety risks are heightened with increased construction activity, including various hazards associated with road, bridge, and tunnel construction[97]. Legal Matters - The company is involved in a significant arbitration case seeking compensation of approximately 42.18 million RMB due to increased labor costs from Qinglong Company[113]. - The company is also facing a lawsuit from Guizhou Highway Group, with claims totaling approximately 82.44 million RMB, including economic losses and penalties[114]. - The company has faced multiple legal proceedings regarding construction contracts and overpayments[116]. - The company is currently executing a court ruling to recover funds from a previous legal case[116]. - The company has been actively pursuing legal remedies to address financial losses from construction-related disputes[116]. - The company is appealing several court decisions, including a ruling that requires it to pay 1,148,655 yuan for project funds[124]. - The company is involved in multiple legal disputes, including a claim for 3,371,175.01 yuan for unpaid cement payments[120]. - The company is actively managing its legal risks and obligations through court proceedings and settlements[120]. Corporate Governance - The company has a standard unqualified audit report issued by Zhongshen Yatai Certified Public Accountants[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[7]. - The company has not disclosed any penalties or corrective actions against its executives or major shareholders[128]. - The company is focused on maintaining a strong governance structure with independent oversight from its board members[199]. - The leadership team has been stable, with many members serving in their roles since 2016 or earlier, indicating continuity in management[199]. Strategic Development - The company is actively pursuing the renewal of its qualifications for foreign aid projects, which expired in January 2019[32]. - The company is actively pursuing a "going out" strategy, successfully securing the Delhi Metro project in India through an innovative joint venture model[48]. - The company is focusing on expanding its market presence in key economic regions such as the Yangtze River Delta and the Greater Bay Area[86]. - The company plans to secure new contract orders of 24 billion yuan in 2021[90]. - The company is committed to deepening reforms and enhancing its competitive edge in the infrastructure construction sector[89]. Research and Development - The company obtained a total of 78 national patents during the reporting period, including 25 invention patents and 52 utility model patents[41]. - Research and development expenses increased significantly by CNY 170.55 million, marking a 1,196.83% rise compared to the previous year, due to enhanced investment in research projects[53]. - The company employed 781 R&D personnel, representing 13.50% of the total workforce, highlighting a strong focus on innovation[65]. - The company is investing 50 million in research and development to innovate sustainable construction materials[200]. Environmental Responsibility - The company has maintained compliance with national and local environmental standards, with no reported environmental pollution incidents or complaints[172]. - The company has actively engaged in green construction practices, implementing guidelines and management systems to promote environmental responsibility[171]. - The company has implemented a comprehensive environmental management system in accordance with ISO14001:2015 standards[171]. Shareholder Information - The total number of ordinary shares increased from 837,417,955 to 1,004,901,546 shares due to a profit distribution plan, which included a cash dividend of 0.02 yuan per share and a stock dividend of 0.05 shares per share[177]. - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 44.45% of the shares, totaling 446,690,030 shares[184]. - The number of restricted shares held by Heilongjiang Construction Investment Group Co., Ltd. is 167,481,600, which will become tradable on April 2, 2021, with an additional 27,913,600 shares becoming tradable due to a private placement[187].

证券代码：600853 证券简称：龙建股份 编号：2020-077 | --- | |----------------------------------------------------------------------------| | 关于参加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。 | | 为进一步加强与投资者的互动交流，龙建路桥股份有限公司（以下 | | 简称"公司"）将参加由黑龙江省上市公司协会、深圳市全景网络有限 | | 公司共同举办的"黑龙江省上市公司 2020 年度投资者网上集体接待日" | | 活动，现将有关事项公告如下： | | 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联 | | 网 平 台 举 行 ， 投 资 者 可 以 登 陆 " 全 景 · 路 演 天 下 " 网 站 | | （ http://rs.p5w.net ）参与公司本次投资者集体接待日活动 | | 2020 年 11 月 12 日 14:00 至 16:30 。 ...

2020 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 2020 年第三季度报告 1 / 28 | 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 | 11 | 2020 年第三季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 田玉龙 | 董事长 | 出差在外 | 宁长远 | | 栾庆志 | 董事 | 出差在外 | 于海军 | 1.3 公司负责人田玉龙、主管会计工作负责人于海军及会计机构负责人（会计主管人员）于海军 保证季度报告中财务报表的真实、准确、完整。 1.4 中审众环会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 1.5 经董事会审议的报告期利润分配预案或公积金转增股本预案 根据 2020 年经营情况，兼顾公司长远发展和股东权益，公司拟定本次利润分配预案为：以实 施权益分派股权登记日 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,148,505,034.93, representing a 14.22% increase compared to CNY 2,756,526,243.94 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 6.70% to CNY 29,129,340.27 from CNY 31,219,844.98 year-on-year[21]. - The net cash flow from operating activities improved significantly to CNY 8,253,083.66, compared to a negative cash flow of CNY -899,198,542.53 in the previous year[21]. - The total assets at the end of the reporting period were CNY 19,828,567,266.26, a slight increase of 0.43% from CNY 19,743,796,397.02 at the end of the previous year[21]. - The net profit attributable to shareholders of the listed company for the reporting period is 29.1293 million yuan, a decrease of 6.70% compared to the same period last year, mainly due to project duration impacts and a slight decrease in gross profit margin[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is 27.2188 million yuan, down 10.74% year-on-year, with similar reasons as the net profit[23]. - The total profit for the period was CNY 53.57 million, with a net profit attributable to shareholders of CNY 29.13 million[41]. - The company achieved a revenue of CNY 3,148.51 million, representing a year-on-year increase of 14.22% due to an increase in both existing and new orders[47]. Cash Flow and Investments - The net cash flow from operating activities has variations, details can be found in the financial statement analysis section of the report[23]. - Net cash flow from investing activities was CNY -360,616.4 million, mainly due to capital investments in PPP projects and acquisitions of subsidiaries[49]. - Net cash flow from financing activities was CNY -99,970.4 million, primarily due to a significant decrease in net borrowings compared to the previous year[49]. - The cash flow from investment activities showed a net outflow of CNY -360,616,357.49, worsening from CNY -112,231,542.82 in the first half of 2019[146]. - The cash flow from financing activities showed a net outflow of CNY -292,299,990.02, contrasting with a net inflow of CNY 308,951,166.51 in the previous period[149]. Assets and Liabilities - The total amount of non-recurring gains and losses is 1,910,541.77 yuan, after accounting for tax impacts and other adjustments[26]. - Total assets at the end of the reporting period included CNY 1,199,928.83 million in prepaid accounts, a 68.25% increase year-on-year, primarily due to centralized procurement by subsidiaries[51]. - Long-term receivables surged by 362.46% to 645.02 million yuan, attributed to the repayment phase of the aforementioned road construction project[52]. - The company's cash and cash equivalents were restricted due to bank guarantees, totaling 154.27 million yuan[53]. - The total liabilities amounted to ¥17,635,090,352.02, slightly up from ¥17,545,296,822.97, showing a marginal increase of 0.51%[131]. Operational Highlights - The company’s main business is highway engineering construction, with various construction qualifications including special-grade general contracting for highway engineering[29]. - The company operates under multiple business models including EPC (Engineering Procurement Construction) and PPP (Public-Private Partnership), enhancing its project management capabilities[32][30]. - The company secured new contract orders amounting to CNY 9,558.61 million during the reporting period[41]. - The company has established a strategic partnership with Heilongjiang Engineering College to strengthen talent development and education collaboration[44]. - The company is actively following up on the renewal of qualifications for foreign aid projects, which expired in January 2019[29]. Research and Development - R&D expenses were CNY 4,527.0 million, up 24.29% year-on-year, driven by increased research and development expenditures[48]. - The company holds a total of 198 national patents, including 31 invention patents, which enhances its competitive edge in construction technology[38]. Legal and Compliance Issues - The company is currently involved in multiple legal disputes, with claims totaling 1,625,800.00 CNY related to unpaid project funds[75]. - The company has been involved in legal disputes regarding project delays and payment recoveries since 2011[73]. - The company is seeking the return of overpaid project funds amounting to 48,738,990.00 CNY plus interest from the contractor[73]. - The company has faced multiple legal challenges related to jurisdiction and contract enforcement over the years[73]. - The company is involved in a significant arbitration case seeking compensation of approximately ¥42.18 million due to increased labor costs from Qinglong Company[71]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 59,451[114]. - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 372,241,692 shares, accounting for 44.45% of the total shares[116]. - The company appointed a new board of directors on May 20, 2020, with key positions filled including Tian Yulong as Chairman and Ning Changyuan as General Manager[122]. - The company has a new total of 9 board members following the election, indicating a significant governance change[123]. Environmental and Social Responsibility - The company has implemented an environmental management system in accordance with ISO14001:2015, focusing on green construction practices[108]. - The company has not reported any environmental pollution incidents or received complaints regarding environmental issues during the reporting period[108]. - The company has a commitment to adhere to national green development principles and has actively promoted green construction activities[108].

Financial Performance - Operating revenue for the first quarter was CNY 502.52 million, a decline of 24.37% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 4.39 million, an improvement from a loss of CNY 5.98 million in the same period last year[6] - The company reported a total of CNY 253,359.72 in non-recurring gains and losses for the period[8] - Total operating revenue for Q1 2020 was ¥502,516,067.80, a decrease of 24.3% compared to ¥664,476,970.85 in Q1 2019[33] - Total operating costs for Q1 2020 were ¥504,326,841.16, down 25.0% from ¥670,555,938.17 in Q1 2019[33] - Net profit for Q1 2020 was a loss of ¥7,338,955.59, an improvement from a loss of ¥9,404,916.19 in Q1 2019[34] - The total comprehensive income for Q1 2020 was ¥1,583,949.04, significantly lower than ¥10,127,823.44 in Q1 2019[37] Cash Flow - Net cash flow from operating activities improved to a loss of CNY 260.99 million, compared to a loss of CNY 627.15 million in the previous year[6] - The company's cash flow from operating activities was -26,098,963.24, a decrease of 8.85% in cash inflows and a decrease of 22.52% in cash outflows compared to the same period last year[15] - The company's cash flow from investing activities was -13,002,278.00, primarily due to the cancellation of an investment management company and payment for equity acquisition[16] - The company’s cash flow from financing activities was -17,342,823.24, a decrease of 103.32% compared to the previous year, mainly due to a significant reduction in cash received from loans[16] - The net cash flow from financing activities for Q1 2020 was -¥17,342,823.24, contrasting with a positive inflow of ¥522,376,802.78 in Q1 2019[40] - The net cash flow from investing activities was -94,610,187.96 RMB in Q1 2020, compared to -35,917,784.63 RMB in Q1 2019, reflecting a significant increase in investment outflows[43] Assets and Liabilities - Total assets decreased by 5.34% to CNY 18.69 billion compared to the end of the previous year[6] - The company's total assets amounted to CNY 18.69 billion, a decrease from CNY 19.74 billion on December 31, 2019, representing a decline of approximately 5.3%[27] - The company's cash and cash equivalents were CNY 2.26 billion as of March 31, 2020, down from CNY 2.55 billion at the end of 2019, indicating a decrease of about 11.4%[26] - Total current liabilities were CNY 12.32 billion as of March 31, 2020, compared to CNY 13.06 billion at the end of 2019, showing a decrease of about 5.6%[28] - The company's non-current liabilities decreased to CNY 4.19 billion from CNY 4.48 billion, indicating a decline of approximately 6.5%[28] - The company reported a significant increase in credit impairment losses, amounting to -4,169,013.48, compared to a gain of 113,382.43 in the previous year, reflecting a year-on-year change of -3776.95%[15] Shareholder Information - The number of shareholders at the end of the reporting period was 66,025[10] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., held 372,241,692 shares, accounting for 44.45% of total shares[10] - The controlling shareholder, Heilongjiang Construction Investment Group, had 60 million unrestricted circulating shares judicially frozen, which was resolved on March 4, 2019, but later 50 million shares were frozen again on April 25, 2019[22] Inventory and Contract Assets - Significant changes in financial indicators included a 100% increase in contract assets to CNY 3.83 billion[12] - Inventory decreased by 85.90% to CNY 670.81 million compared to the previous year[12] - The company’s inventory decreased significantly by CNY 2,225,537,462.72, reflecting a strategic shift in asset management[49] - The company adjusted its accounting policies effective January 1, 2020, leading to a reclassification of CNY 2,229,675,611.29 from inventory to contract assets[51] Other Income and Expenses - Other income increased by 100.00% to 41,423.40, attributed to government subsidies received during the period[15] - The company reported a 278.97% increase in non-operating expenses, totaling 419,842.92, due to increased donation expenditures compared to the previous year[15] - The company's financial expenses increased to ¥18,713,113.48 in Q1 2020, up from ¥8,117,536.09 in Q1 2019, primarily due to higher interest expenses[36] Future Plans and Changes - The company plans to implement new accounting policies effective January 1, 2020, in accordance with the revised revenue recognition standards[23] - The company has signed a supplementary agreement for the 167 km project, revising the first phase repayment date to be before June 30, 2020[21] - The company received investment repayment of 28,705,148,779.50 Mongolian Tugrik, approximately 73,298,475.00 RMB, from the Mongolian government for the 98 km project[20]

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 ...