Financial Performance - The operating revenue for the first half of 2022 was CNY 10,159,315,299.12, a decrease of 3.33% compared to CNY 10,509,207,265.39 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 171,243,055.76, down 25.14% from CNY 228,742,611.18 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 119,443,837.60, an increase of 1.37% compared to CNY 117,824,271.76 in the previous year[18]. - The net cash flow from operating activities was CNY -480,076,163.68, an improvement from CNY -755,619,898.28 in the same period last year[18]. - Basic earnings per share decreased by 30.32% to CNY 0.1556 compared to the same period last year[19]. - Diluted earnings per share decreased by 27.73% to CNY 0.1556 compared to the same period last year[19]. - Weighted average return on equity decreased by 2.44 percentage points to 4.30% compared to the same period last year[19]. - The company reported a significant increase in non-operating expenses, up 139.75% year-on-year, mainly due to increased charitable donations during the reporting period[35]. - The company reported a total comprehensive income for the first half of 2022 of CNY 179,023,961.31, compared to CNY 250,313,545.08 in the first half of 2021, a decrease of about 28.5%[135]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,387,660,141.65, reflecting a growth of 7.47% from CNY 20,831,128,531.99 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were CNY 4,390,178,368.73, an increase of 13.39% from CNY 3,871,735,541.85 at the end of the previous year[18]. - The company's total liabilities increased to CNY 2,447,261,916.92 from CNY 2,010,084,920.80, reflecting a rise of 21.73%[128]. - The company's total liabilities at the end of the reporting period were approximately 3.68 billion RMB[149]. - The debt-to-asset ratio decreased to 78.67%, down 1.21% from the previous year[108]. Cash Flow - The net cash flow from operating activities improved compared to the previous year, mainly due to a higher growth rate in cash received from sales of goods and services than cash paid for purchases[33]. - The cash inflow from operating activities for the first half of 2022 was CNY 14,196,980,239.46, an increase from CNY 13,161,867,172.48 in the same period of 2021, representing a growth of approximately 7.8%[137]. - Total cash inflow from financing activities reached ¥3,796,200,000.00, an increase of 37% from ¥2,770,700,000.00 in the first half of 2021[142]. - The cash flow from financing activities generated a net increase of ¥668,016,437.46, compared to ¥223,803,495.97 in the first half of 2021, representing a growth of 199%[142]. Market Position and Strategy - The company has a complete construction industry chain, enhancing its competitive advantage in the regional market[24]. - The company focuses on large-scale projects and has a strong brand presence in the Ningbo area[23]. - The company aims to expand its market presence while maintaining its core business in construction and related services[24]. - The company has been focusing on project selection and risk control in the real estate sector while gradually expanding into external projects[29]. - The company has adjusted its operational strategy to support and encourage sectors such as construction industrialization and smart construction to enhance market share and profitability[27]. Legal Matters - The company has received a total of 98,536,559.26 CNY from the lawsuit against Xirui Real Estate, which was originally for 145,447,132.60 CNY including interest[67]. - The company has reached a settlement with Cangnan Wanshun Real Estate, resulting in a total of 108 million CNY received to date[67]. - The company is actively pursuing legal actions to secure its financial interests and recover overdue payments[68]. - The company has reported significant litigation and arbitration matters affecting its financial position[67]. - The company has initiated legal proceedings against multiple parties for the fulfillment of obligations related to the unpaid amounts[67]. Research and Development - The company authorized 14 new invention patents and 42 utility model and design patents during the reporting period[26]. - The company is actively promoting green construction and increasing the use of energy-efficient and environmentally friendly materials in new buildings[58]. - The company is involved in research projects related to green low-carbon and prefabricated buildings, contributing to standards and studies on carbon emissions[59]. Shareholder Information - The total number of shares after the recent change is 1,086,798,590, with an increase of 110,707,045 shares[92]. - The largest shareholder, Ningbo Transportation Investment Holding Co., Ltd., holds 292,000,000 shares, accounting for 26.87% of the total shares[97]. - The total number of ordinary shareholders is 134,794[95]. - The total amount of related party transactions for the first half of 2022 reached CNY 105,243,379.34[80]. Financial Management - The company has maintained a capital reserve of 1,758,496,300, indicating a stable financial position[145]. - The profit distribution to shareholders for the current period was 156,832,100, reflecting the company's commitment to returning value to its investors[146]. - The company’s financial statements reflect a comprehensive income growth strategy, with a focus on maintaining robust equity levels[145]. - The company has committed to ensuring the independence of its personnel, assets, finances, and operations, as per legal regulations and company bylaws[64].

Financial Performance - The company's operating revenue for Q1 2022 was approximately ¥5.97 billion, a decrease of 4.03% compared to the same period last year[6]. - Net profit attributable to shareholders was approximately ¥102.62 million, an increase of 20.01% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was approximately ¥62.35 million, a decrease of 25.73% compared to the previous year[6]. - Basic earnings per share were ¥0.0996, reflecting an increase of 21.32% year-on-year[7]. - Total operating revenue for Q1 2022 was approximately ¥5.97 billion, a decrease of 4.02% from ¥6.22 billion in Q1 2021[45]. - Net profit for Q1 2022 reached approximately ¥104.40 million, an increase of 21.4% compared to ¥86.02 million in Q1 2021[46]. - Basic earnings per share for Q1 2022 were ¥0.0996, up from ¥0.0821 in Q1 2021, reflecting a growth of 21.5%[47]. - Total comprehensive income for Q1 2022 was approximately ¥104.40 million, compared to ¥86.80 million in Q1 2021, reflecting a growth of 20.2%[47]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥21.78 billion, an increase of 4.55% from the end of the previous year[7]. - The company's total assets amounted to RMB 21,778,168,293.94, an increase from RMB 20,831,128,531.99 as of December 31, 2021[42]. - The company's current assets totaled RMB 17,254,723,875.24, up from RMB 16,307,076,723.86 at the end of 2021[42]. - The company's total liabilities as of March 31, 2022, were RMB 17,159,121,534.65, compared to RMB 16,587,039,475.54 at the end of 2021[43]. - The company's equity attributable to shareholders increased to RMB 4,244,843,549.90 from RMB 3,871,735,541.85[43]. - The company reported a short-term loan of RMB 2,558,265,130.94, an increase from RMB 2,194,836,397.21 at the end of 2021[43]. - The company has a long-term debt of RMB 890,000,000.00, which increased from RMB 670,000,000.00[43]. Cash Flow - Cash flow from operating activities was negative at approximately -¥633.78 million, indicating a significant cash outflow[6]. - Cash flow from operating activities in Q1 2022 was negative at approximately -¥633.78 million, an improvement from -¥862.72 million in Q1 2021[49]. - Cash inflow from operating activities totaled approximately ¥8.31 billion in Q1 2022, compared to ¥4.81 billion in Q1 2021, indicating a significant increase[48]. - Cash outflow from operating activities was approximately ¥8.94 billion in Q1 2022, up from ¥5.67 billion in Q1 2021[49]. - Cash flow from investing activities in Q1 2022 was negative at approximately -¥47.34 million, a decrease from a positive cash flow of ¥117.98 million in Q1 2021[49]. - Cash inflow from financing activities in Q1 2022 was approximately ¥2.58 billion, compared to ¥779 million in Q1 2021, showing a substantial increase[49]. - The net increase in cash and cash equivalents for the first quarter of 2022 was ¥626,671,687.78, a decrease of ¥538,196,342.35 compared to the previous period[50]. - The beginning balance of cash and cash equivalents was ¥2,376,013,000.70, compared to ¥2,305,480,455.76 in the prior period[50]. - The ending balance of cash and cash equivalents reached ¥3,002,684,688.48, up from ¥1,767,284,113.41 in the previous period[50]. Shareholder Information - The total number of ordinary shares at the end of the reporting period is 168,572,000[12]. - The largest shareholder, Ningbo Transportation Investment Co., Ltd., holds 292,000,000 shares, accounting for 28.01% of total shares[12]. - The company issued 5.4 million convertible bonds with a total value of 540 million RMB, which began trading on August 6, 2020[14]. - As of April 11, 2022, a total of 527,040,000 RMB of convertible bonds have been converted into company shares, increasing the total share capital to 1,086,798,590 shares[14]. Legal Matters - The company is involved in multiple ongoing litigation cases, including a construction contract dispute with Ningbo Aidi Sports Goods Co., Ltd., with a judgment amount of 45,517,598.82 RMB[15]. - The company has a pending claim against Zhejiang Huayue Real Estate Co., Ltd. for 440,195,892.82 RMB in construction payments[16]. - The company has received a total of 98,536,559.26 RMB from a judgment related to a construction contract dispute, with a remaining claim of 125,299,046 RMB[17]. - The company has accumulated a total of 84,234,021.30 RMB from a judgment against Ningbo Zhenhai Xinhengde Real Estate Development Co., Ltd.[18]. - The company has a total of 1,000,000 RMB collected from a settlement with Ningbo Xiangge Real Estate Development Co., Ltd.[18]. - The company is actively pursuing recovery of outstanding debts through various legal channels[15][16][17][18]. - The company has a court ruling requiring Shenghongyong (Jiujiang) Industrial Development Co., Ltd. to return a prepayment of RMB 18 million and pay remaining project funds of RMB 3,834,785, along with compensation for losses of RMB 398,868[19]. - The company has received a total of RMB 32,637,690.60 from Ningbo Guanglong Real Estate Development Co., Ltd. as part of a court ruling for project payments and penalties[21]. - The company has confirmed priority claims of RMB 169,022,736 as a preferred creditor in the bankruptcy proceedings of Nannan Real Estate[21]. - The company has received a total of RMB 37,669,805.51 from Zhejiang Road Network Logistics Co., Ltd. following a court ruling for project payments and penalties[22]. - The company has reached a settlement with Cangnan Wanshun Real Estate Co., Ltd. for a total of RMB 98 million related to project payments[23]. - The company has a court ruling against Fifth Hospital and Taicang Kanglaite Real Estate Co., Ltd. for a total of RMB 61 million, with ongoing enforcement actions due to non-payment[24]. - The company has a court ruling requiring Huangshan New徽 Investment Co., Ltd. to pay RMB 10,433,152.32 for overdue project payments[25]. - The company has received a total of 6,117,515.78 RMB from Ningbo Yongbang Real Estate Co., Ltd. as part of a court ruling for project payments and penalties[26]. - The company has a court ruling against Ridi Solar Power Co., Ltd. for RMB 11,276,519 in project payments, with ongoing legal proceedings[26]. - The company has received a civil judgment requiring a payment of CNY 35,040,369.60 and compensation for delays amounting to CNY 7,267,258 from the Zhuangqiao Resettlement Office[28]. - The company is entitled to a priority claim of CNY 66,348,667 for construction progress payments from Zhoushan Aluya Hotel Development Co., Ltd.[23]. - The company has a pending claim for CNY 26,904,965.11 and a return of CNY 4,000,000 in performance bond from Kaifeng Green City Real Estate Co., Ltd.[32]. - The company has filed a lawsuit against Anshun Transportation Construction Investment Co., Ltd. for CNY 140,122,596.46 in overdue payments and CNY 10,595,879.67 in penalties[34]. - The company has initiated legal proceedings against Ningbo Jialong Hengye Investment Management Co., Ltd. for CNY 45,762,931.71 in construction payments[33]. - The company has received a civil judgment for CNY 10,614,605 in overdue payments from Jiangxi Legend Real Estate Co., Ltd.[30]. - The company has a claim for CNY 128,003,174.40 against Yuyao Shengjian Real Estate Co., Ltd. for overdue construction payments[36]. - The company has filed a lawsuit against Wenzhou Ouhai Avenue Construction Development Co., Ltd. for CNY 27,153,859 in overdue payments[35]. - The company has received CNY 41,489,165.57 from the Zhuangqiao Resettlement Office, completing the execution of the case[28]. - The company has a pending arbitration case against Cixi Drainage Co., Ltd. for CNY 24,816,393.80 in overdue payments[31]. - The company has initiated lawsuits against multiple clients for overdue payments, including a claim for RMB 80,961,853.44 against Ningbo Yucheng Real Estate Co., Ltd.[37]. Contracts and Projects - The company has signed significant contracts, including a total contract amount of RMB 98,532.00 million for the Ningbo Public Health Clinical Center project with Ningbo First Hospital[39].

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares to all shareholders, based on a total share capital of 1,086,798,590 shares[6]. - The company does not plan to increase capital through stock dividends or bonus shares, with remaining undistributed profits carried forward to the next year[6]. - The company distributed cash dividends of 0.10 RMB per share, totaling 97,608,986.50 RMB, which accounts for 34.91% of the net profit attributable to the parent company[154]. - The company has a cash dividend policy that mandates a minimum of 30% of the average distributable profit over the last three years to be distributed in cash, with a minimum of 10% of the current year's distributable profit[140]. Financial Performance - The company's operating revenue for 2021 was CNY 21.32 billion, representing a year-on-year increase of 7.69% compared to CNY 19.80 billion in 2020[22]. - Net profit attributable to shareholders was CNY 415.75 million, a significant increase of 48.70% from CNY 279.59 million in 2020[22]. - The basic earnings per share for 2021 was CNY 0.4038, up 50.28% from CNY 0.2687 in 2020[23]. - The total assets at the end of 2021 reached CNY 20.83 billion, an increase of 11.86% from CNY 18.62 billion at the end of 2020[22]. - The company achieved an operating income of CNY 21.32 billion, representing a year-on-year growth of 7.69%[49]. - The net profit for the year was CNY 443 million, a significant increase of 48.84% compared to the previous year[49]. - The company's total assets reached CNY 20.831 billion, an increase of 11.86% year-on-year[49]. Audit and Compliance - The company has received a standard unqualified audit report from Da Xin Certified Public Accountants[5]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[4]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has established a robust internal control system to enhance governance and protect shareholder interests[108]. - The company has implemented a comprehensive information disclosure system, ensuring timely and accurate reporting of significant decisions and events through designated media[111]. Risk Management - The report includes a risk statement regarding forward-looking statements, advising investors to be aware of investment risks[7]. - The company recognizes risks related to macroeconomic fluctuations, accounts receivable, and raw material price volatility, and plans to implement risk control measures[105]. - The company emphasizes the importance of legal risk management in construction projects to mitigate potential disputes[106]. Market Expansion and Projects - The company expanded its market presence, securing CNY 46.69 billion in projects outside Zhejiang province, a growth of 33.67% year-on-year[32]. - The company has undertaken a series of high-quality projects, including the C1-4 and C1-5 projects in Ningbo, and various educational infrastructure projects, contributing to its robust project portfolio[33]. - The company has actively engaged in the renovation of old residential communities in Ningbo, contributing to local urban development initiatives[33]. - The company has established a strong collaboration with local educational institutions, securing multiple public construction projects in the education sector[33]. - The company is focusing on expanding its municipal and installation business while consolidating traditional sectors like decoration and curtain walls[103]. Legal Matters - The company has ongoing significant litigation matters, including a lawsuit against Xi Rui Real Estate for overdue payments totaling approximately 127.4 million RMB[167]. - The company has received a civil judgment requiring Xi Rui Real Estate to pay 145.4 million RMB, including interest and related fees[167]. - The company has initiated legal proceedings against Lu Wang Logistics for overdue payments of approximately 38.4 million RMB and related penalties[167]. - The company is actively pursuing legal actions to recover overdue payments from various clients[168]. - The company has filed a lawsuit against Huayue Real Estate for a total of 440,195,892.82 CNY in construction payments and related fees[168]. Research and Development - Research and development expenses increased by 43.90% to CNY 510 million, reflecting the company's commitment to innovation[50]. - The company has been recognized as a national high-tech enterprise, with a total of 9 such enterprises under its umbrella, and has obtained 20 invention patents and 92 utility model patents during the year[39]. - The company aims to enhance its competitive edge through technology innovation and talent management, focusing on high-difficulty projects and improving research capabilities[99][100]. Employee and Management - The total number of employees in the parent company is 36, while the main subsidiaries employ 5,582, resulting in a total of 5,618 employees[135]. - The company has a structured approach to employee compensation that reflects market conditions and aims to attract and retain talent[137]. - The company emphasizes a competitive salary structure to align employee interests with corporate performance, ensuring a balance between incentives and responsibilities[137]. - The company has a training program in place aimed at enhancing the professional skills of management and employees to support sustainable business development[138]. Environmental and Social Responsibility - The company actively promotes green construction and has reduced carbon emissions by adopting prefabricated buildings and mechanized installation methods[152]. - The company has engaged in social responsibility initiatives, including disaster relief efforts during typhoons and support for pandemic prevention measures[155]. - The company has committed to donating 10 million RMB over five years to support various charitable projects, including assistance for the elderly and education[158]. Financing and Capital Structure - The company has successfully issued 700 million RMB in short-term financing bonds and plans to issue 1 billion RMB in long-term notes, enhancing its financing structure and reducing operational costs[38]. - The company reported a significant increase in cash flow from financing activities, amounting to CNY 891 million, compared to a negative cash flow in the previous year[51]. - The company has a total guarantee amount of RMB 5,283,519,436.92, which accounts for 124.49% of its net assets[185]. - The company provided guarantees totaling RMB 9,343,300,000.00 to its subsidiaries during the reporting period[185]. Related Party Transactions - The company reported a related party transaction amounting to ¥73,248,031.91 for construction waste management services[178]. - The total revenue from related party transactions amounted to RMB 136,194,863.98[180]. - The company has maintained a low proportion of related party transactions compared to similar businesses, ensuring its independence[180]. Strategic Initiatives - The company plans to implement a dual-track development strategy, combining general contracting with specialized subcontracting to strengthen its market position[99]. - The company intends to enhance its market share in concrete and related products, particularly targeting metro line projects[103]. - The company is committed to exploring new business areas such as investment and financing projects, including F+EPC and PPP models[103].

Group 1: Event Details - The event titled "Caring for Investors and Working Together" will be held on November 18, 2021, from 15:00 to 17:00 [1] - The online platform for the event is https://rs.p5w.net/ [1] Group 2: Purpose and Goals - The event aims to enhance communication between listed companies in Ningbo and investors, particularly small and medium-sized investors [1] - It seeks to improve the transparency of listed companies and promote good corporate governance [1] Group 3: Participation and Engagement - Company executives will participate in the event to engage in "one-to-many" communication with investors regarding governance, development strategies, operational status, and sustainable development [1] - Investors are encouraged to actively participate in the event [1]

Financial Performance - The company's operating revenue for the third quarter was approximately CNY 4.70 billion, a decrease of 3.49% compared to the same period last year[5]. - The net profit attributable to shareholders was approximately CNY 57.09 million, an increase of 9.91% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was approximately CNY 46.63 million, a decrease of 10.91% compared to the same period last year[6]. - The basic earnings per share for the quarter was CNY 0.0530, an increase of 11.49% year-on-year[6]. - Total operating revenue for the first three quarters of 2021 reached ¥15,207,949,578.35, an increase of 8.5% compared to ¥14,017,482,101.70 in the same period of 2020[39]. - Net profit for the first three quarters of 2021 was ¥308,931,817.56, compared to ¥184,004,297.48 in the same period of 2020, representing a growth of 67.9%[41]. - Earnings per share for the first three quarters of 2021 were ¥0.2763, an increase from ¥0.1632 in the same period of 2020[42]. - The company reported a total comprehensive income of ¥316,290,474.23 for the first three quarters of 2021, compared to ¥192,921,781.94 in the same period of 2020[42]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 20.22 billion, an increase of 8.56% compared to the end of the previous year[6]. - The total assets as of the end of the third quarter of 2021 were ¥20,216,880,910.69, an increase from ¥18,622,308,037.43 at the end of 2020[40]. - The company's total assets were reported at CNY 18.62 billion, with a minor increase to CNY 18.64 billion[48]. - Total liabilities amounted to approximately CNY 14.83 billion, with a slight increase to CNY 14.85 billion[48]. - The total liabilities as of the end of the third quarter of 2021 amounted to ¥16,071,820,673.74, an increase from ¥14,828,094,729.92 at the end of 2020[40]. - Current liabilities totaled 14,043,462,198.81 RMB, remaining stable compared to the previous year[47]. Cash Flow - The cash flow from operating activities for the year-to-date was negative CNY 1.10 billion[6]. - The net cash flow from operating activities was -1,098,649,684.64 RMB, compared to -84,690,069.28 RMB in the previous year, indicating a significant decline[44]. - Cash inflow from operating activities for the first three quarters of 2021 was ¥17,984,971,899.06, compared to ¥13,025,954,524.88 in 2020, indicating a significant increase of 38.5%[43]. - Total cash outflow from operating activities reached 19,083,621,583.70 RMB, up from 13,110,644,594.16 RMB year-over-year[44]. - Cash inflow from investment activities was 205,901,386.72 RMB, a substantial increase from 8,959,257.07 RMB in the same period last year[44]. - The net cash flow from investment activities was -11,462,116.98 RMB, compared to -62,382,901.03 RMB in the previous year, showing improvement[44]. - Cash inflow from financing activities totaled 3,319,898,600.10 RMB, down from 4,850,173,994.34 RMB year-over-year[44]. - The net cash flow from financing activities was 834,399,225.72 RMB, compared to 136,741,865.73 RMB in the previous year, indicating a positive trend[44]. - The ending balance of cash and cash equivalents was 2,029,767,879.86 RMB, compared to 1,755,406,945.54 RMB at the end of the previous year[45]. Shareholder Information - The company's equity attributable to shareholders was approximately CNY 3.74 billion, an increase of 4.85% year-on-year[6]. - The total number of common shareholders at the end of the reporting period is 41,273[13]. - The largest shareholder, Ningbo Transportation Investment Holding Co., Ltd., holds 292 million shares, accounting for 29.92% of the total shares[14]. - Total equity attributable to shareholders of the parent company was ¥3,742,540,326.17, up from ¥3,569,466,207.59 in the previous year[40]. Research and Development - Research and development expenses increased by 51.11% compared to the previous year, indicating a focus on innovation[11]. - Research and development expenses for the first three quarters of 2021 were ¥345,839,611.88, compared to ¥228,858,929.36 in 2020, reflecting a year-on-year increase of 51.3%[40]. Legal and Dispute Matters - The company has a pending receivable of 45,517,598.82 RMB from a construction contract dispute with Ningbo Aidi Misi Sports Goods Co., Ltd.[16]. - The company has received 98,502,192.61 RMB from a construction contract dispute with Lianxi City Xirui Real Estate Development Co., Ltd., with a total claim of 125,299,046 RMB[17]. - The company has a remaining receivable of 84,446,714.30 RMB from a contract dispute with Ningbo Zhenhai Xinhengde Real Estate Development Co., Ltd.[18]. - The company has a total claim of 53 million RMB from a construction contract dispute with Ningbo Guanglong Real Estate Development Co., Ltd.[20]. - The company confirmed priority claims of CNY 169,022,736 and ordinary claims of CNY 6,352,726 in the bankruptcy case against Ningbo Nannan Real Estate Co., Ltd. as of February 2017[21]. - The company has received a total of CNY 150,651,447.16 from the bankruptcy claims as of the reporting period[21]. - The court ruled that Ningbo Qianhe Real Estate Co., Ltd. must pay CNY 39,432,865 for construction work, with the company holding priority rights over the proceeds from any auction or sale of the project[21]. - The company has received CNY 36,608,891 from the construction contract dispute with Zhejiang Lu Wang Logistics Co., Ltd. as of the reporting period[22]. - The company reached a settlement with Cangnan Wanshun Real Estate Co., Ltd. for CNY 98 million regarding a construction payment dispute[22]. - The company has received CNY 11,276,519 from the court ruling against Ningbo Ridi Solar Power Co., Ltd. for construction payments[26]. - The company holds a priority claim of CNY 28,904,231 against Henan Baitong Real Estate Co., Ltd. as confirmed by the court in May 2019[27]. - The company has received CNY 1,123,323.94 from the enforcement of a court ruling against Zhang Yun for a loan repayment[29]. - The company is pursuing CNY 24,816,393.80 in construction payments from Cixi Drainage Co., Ltd. through arbitration[29]. - The company has initiated lawsuits against various clients for unpaid project payments, including a claim for CNY 30,176,406 against Kaifeng Greentown and CNY 140,122,596.46 against Anshun Transportation Investment[30][32][34]. - The company has ongoing litigation for a total of CNY 12,458,161.58 against Fujian Bonade Technology Park Development for unpaid project payments[31].

Financial Performance - Ningbo Construction reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[11]. - The company's net profit attributable to shareholders reached RMB 150 million, up 20% compared to the same period last year[11]. - The company's operating revenue for the first half of the year reached ¥10,509,207,265.39, representing a 14.87% increase compared to ¥9,148,989,337.99 in the same period last year[17]. - Net profit attributable to shareholders was ¥228,742,611.18, a significant increase of 91.92% from ¥119,187,532.36 year-on-year[17]. - Basic earnings per share rose to ¥0.2233, marking a 93.00% increase from ¥0.1157 in the previous year[18]. - The total profit for the first half of 2021 was CNY 294,975,160.55, compared to CNY 150,266,942.39 in the same period last year, representing a growth of 96.4%[134]. - The company's total comprehensive income for the first half of 2021 was CNY 250,313,545.08, compared to CNY 122,039,310.01 in the previous year, representing a growth of 105.5%[135]. Assets and Liabilities - The total assets of Ningbo Construction as of June 30, 2021, amounted to RMB 5 billion, reflecting a growth of 10% year-on-year[11]. - The total assets of the company at the end of the reporting period were ¥19,797,878,259.20, up 6.31% from ¥18,622,308,037.43 at the end of the previous year[17]. - The total liabilities increased to ¥15,699,618,189.98 from ¥14,828,094,729.92, representing a growth of 5.8%[130]. - The company's total liabilities amounted to RMB 15.7 billion, showing an improvement in debt structure and enhanced overall risk resistance[122]. - The debt-to-asset ratio slightly decreased by 0.33% to 79.30% from 79.63%, reflecting a marginal improvement in leverage[112]. Contracts and Projects - The company has secured new contracts worth RMB 2 billion in the first half of 2021, indicating a 25% increase in new contract value compared to the previous year[11]. - The company undertook a total of CNY 11.806 billion in construction contracts during the reporting period, a year-on-year increase of 7.38%, with the building engineering segment accounting for 62.60% of the total[26]. - The company secured several significant projects, including the construction of the Cixi Station Road project with a bid price of CNY 800 million and the Ningbo Medical Center project at CNY 438 million[29]. Market Expansion and Strategy - Ningbo Construction plans to invest RMB 200 million in new technology development in the next fiscal year to enhance operational efficiency[11]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a revenue contribution of 10% from this region by 2023[11]. - The company is actively pursuing an external expansion strategy to counteract the slowing local construction market, aiming for a localized and scalable approach[51]. - The company is exploring partnerships with local governments to secure more public infrastructure projects, aiming for a 30% increase in contract wins[81]. Research and Development - Research and development expenses increased by 82.26% year-on-year, amounting to CNY 203.53 million, due to increased investment in R&D activities[32]. - New product development includes the launch of a green building materials line, expected to contribute an additional 100 million RMB in revenue by the end of 2021[81]. Legal Matters - The company has ongoing significant litigation matters, including a lawsuit against Xirui Real Estate for overdue payments totaling RMB 127,406,606.61[69]. - The company is involved in multiple legal proceedings, including appeals and enforcement of judgments related to overdue payments[69]. - The company has filed a lawsuit against Ningbo Aidi Misi Sports Goods Co., Ltd. for overdue project payments totaling 45,517,598.82 RMB[72]. - The company is actively pursuing legal actions to secure its financial interests in various projects[72]. Financial Management - The company is focusing on risk management strategies to mitigate potential risks from macroeconomic fluctuations, accounts receivable, raw material price volatility, market expansion, and legal disputes[49][50][51]. - The company plans to enhance its supply chain management and cost control systems to address raw material price fluctuations and improve overall financial health[50]. - The company has committed to minimizing related party transactions and will not require better conditions than those offered to third parties[67]. Corporate Social Responsibility - The company committed to donating 500,000 yuan annually for five years to support local charitable initiatives, totaling 2.5 million yuan[61]. - The company has established a sports culture charity fund with a principal of 10 million yuan, providing 500,000 yuan annually to support swimming projects in Ningbo[61]. - The company actively promotes green construction and has increased the application ratio of energy-saving and environmentally friendly equipment in new buildings[60]. Shareholder Information - The largest shareholder, Ningbo Transportation Investment Holding Co., Ltd., holds 292,000,000 shares, representing 29.92% of total shares[105]. - There are no changes in the controlling shareholder or actual controller during the reporting period[107]. - The report indicates no stock options or equity incentives granted to directors, supervisors, or senior management during the reporting period[107]. Accounting Policies - The accounting policies and estimates are in accordance with the enterprise accounting standards, ensuring accurate financial reporting[165]. - The company includes all subsidiaries in the consolidated financial statements, including controlled entities and structured entities[170]. - Financial instruments are classified based on the company's business model and contractual cash flow characteristics[178].

Financial Performance - Net profit attributable to shareholders was CNY 85.51 million, an increase of 51.15% year-on-year[6]. - Operating revenue reached CNY 6.22 billion, reflecting a growth of 25.76% compared to the same period last year[6]. - Basic earnings per share were CNY 0.0821, up 41.55% from CNY 0.0580 in the previous year[6]. - The diluted earnings per share were CNY 0.0811, an increase of 39.83% compared to the previous year[6]. - Net profit for Q1 2021 was ¥86,023,587.90, representing a 61.1% increase compared to ¥53,407,820.80 in Q1 2020[50]. - Basic earnings per share for Q1 2021 was ¥0.0821, compared to ¥0.0580 in Q1 2020, reflecting a 41.4% increase[51]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 862.72 million, compared to negative CNY 491.77 million in the same period last year[6]. - Cash flow from operating activities for Q1 2021 was -862,718,470.20 RMB, compared to -491,767,361.93 RMB in Q1 2020, reflecting a significant increase in cash outflow[57]. - Total cash inflow from operating activities decreased to 4,810,049,189.82 RMB in Q1 2021 from 5,450,305,440.04 RMB in Q1 2020, a decline of approximately 11.7%[56]. - Cash and cash equivalents at the end of Q1 2021 were 1,767,284,113.41 RMB, down from 1,331,651,680.86 RMB in Q1 2020[58]. - The net cash flow from financing activities was -36,817,027.82 CNY, compared to a net inflow of 200,598,817.99 CNY in the previous period[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18.34 billion, a decrease of 1.53% compared to the end of the previous year[6]. - Total current assets as of March 31, 2021, amounted to CNY 15,602,020,214.32, a slight decrease from CNY 15,762,829,940.55 as of December 31, 2020, representing a decline of approximately 1%[43]. - Total liabilities decreased to CNY 14,209,125,889.36 from CNY 14,828,094,729.92, a reduction of about 4%[44]. - Total assets as of the end of Q1 2021 amounted to ¥4,026,633,212.94, slightly down from ¥4,057,550,666.04 at the end of Q1 2020[48]. - Total liabilities for Q1 2021 were ¥1,577,831,712.80, a marginal increase from ¥1,576,780,021.33 in Q1 2020[48]. Shareholder Information - The total number of shareholders was 45,785 at the end of the reporting period[9]. - The largest shareholder, Ningbo Transportation Investment Holding Co., Ltd., held 292 million shares, accounting for 29.92% of the total shares[10]. Research and Development - R&D expenses surged by 177.71% to ¥93,392,018.46, reflecting increased investment in research and development[13]. - The company reported a significant increase in R&D expenses, totaling ¥93,392,018.46 in Q1 2021, compared to ¥33,629,549.24 in Q1 2020, marking an increase of 177.5%[49]. Legal and Contractual Matters - The company has a court ruling requiring Shenghong Yong to return a prepayment of RMB 18 million and pay remaining project funds of RMB 3,834,785, along with compensation for losses of RMB 398,868[20]. - The company has a claim against Zhenjiang Shenguotou for a total debt of RMB 72,477,309, with property valued at RMB 40,279,488 used as collateral for debt repayment[21]. - The company reached an agreement with Ningbo Guanglong to receive a total of RMB 53 million for project payments, with a court ruling confirming payments of RMB 21,354,661 and a penalty of RMB 2,217,243[22]. - The company has confirmed priority claims of RMB 169,022,736 and ordinary claims of RMB 6,352,726 against Nannan Real Estate, with total recoveries of RMB 150,651,447.16 to date[23]. - The company has received a total of RMB 36,171,720 from Zhejiang Lu Wang Logistics as part of a court ruling for project payments and penalties[24]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[50]. - The management remains optimistic about achieving further revenue growth in the upcoming quarters, supported by ongoing projects and strategic initiatives[50].

Financial Performance - The company's operating revenue for 2020 was approximately CNY 19.80 billion, representing a year-on-year increase of 6.69% compared to CNY 18.56 billion in 2019 [21]. - The net profit attributable to shareholders for 2020 was CNY 279.59 million, which is an increase of 16.36% from CNY 240.28 million in 2019 [21]. - The total assets at the end of 2020 reached CNY 18.62 billion, marking an 18.10% increase from CNY 15.77 billion at the end of 2019 [21]. - The basic earnings per share for 2020 was CNY 0.2687, up 9.14% from CNY 0.2462 in 2019 [22]. - The weighted average return on equity for 2020 was 8.78%, an increase of 0.26 percentage points from 8.52% in 2019 [22]. - The net cash flow from operating activities for 2020 was CNY 969.60 million, a decrease of 14.87% compared to CNY 1.14 billion in 2019 [21]. - The company reported a net profit of CNY 108.46 million in Q4 2020, which is a significant increase compared to CNY 56.57 million in Q1 2020 [24]. - The total equity attributable to shareholders at the end of 2020 was CNY 3.57 billion, reflecting a 23.32% increase from CNY 2.89 billion at the end of 2019 [21]. - The company recognized non-recurring gains of CNY 45.23 million in 2020, compared to CNY 41.97 million in 2019 [27]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares to all shareholders, with the total cash dividend amount depending on the total number of shares registered on the dividend distribution date [5]. - The company has a cash dividend policy that mandates a minimum of 30% of the average distributable profit over the last three years to be distributed in cash, with a minimum of 10% of the current year's distributable profit [106]. - In 2020, the company distributed a cash dividend of RMB 1.0 per 10 shares, totaling RMB 97,608,390.20, which is consistent with the previous year's dividend of RMB 1.0 per 10 shares [110]. - The company reported a net profit attributable to ordinary shareholders of RMB 279,589,539.24 for the year 2020, with a cash dividend payout ratio of 34.91% [110]. - The company maintained a consistent dividend policy over the past three years, with cash dividends distributed in 2018, 2019, and 2020 [110]. Audit and Compliance - The company received a standard unqualified audit report from Da Xin Accounting Firm, ensuring the financial report's authenticity and completeness [4]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the annual report's content [8]. - The company has not encountered any significant accounting errors that would require correction or impact its financial statements [114]. - The company has adopted the new revenue recognition standards effective January 1, 2020, as mandated by the Ministry of Finance [113]. - The company has engaged Da Xin Accounting Firm for auditing services, with a remuneration of RMB 130,000 for the current year [115]. Market Position and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [30]. - The company is positioned as a regional leader in the construction industry, with a strong market foundation in Ningbo and the Yangtze River Delta [71]. - The company aims to enhance its competitive edge by focusing on integrated services in construction, operation, and delivery, leveraging its strong capital and management capabilities [95]. - The company plans to implement a "one body, two wings" development strategy, focusing on general contracting and specialized subcontracting to drive growth [96]. - The company intends to strengthen its technological innovation and improve its competitive capabilities through high-difficulty project undertakings and enhanced research efforts [97]. Legal Matters - The company is currently involved in significant litigation matters, including a lawsuit against Xi Rui Real Estate for overdue payments totaling RMB 127,406,606.61 [117]. - The company has received a civil judgment requiring Xi Rui Real Estate to pay RMB 145,447,132.60, including principal and interest, along with legal fees and other costs [117]. - The company has filed an appeal against the judgment from the Zhejiang Provincial High People's Court regarding the aforementioned case [117]. - The company has received a civil judgment from the Supreme People's Court, confirming its priority right to recover 125,299,046 RMB in project payments, with cumulative collections amounting to 50,784,998.84 RMB as of the report date [118]. - The company has filed claims totaling 36,171,720 RMB in the bankruptcy liquidation case of Zhejiang Logistics, with the case accepted by the court in September 2020 [118]. Research and Development - Research and development expenses increased by 50.88% to 354 million RMB due to higher investment in R&D activities [50]. - The company obtained 10 invention patents and 80 utility model patents in 2020, enhancing its technological capabilities [39]. - The company is investing 200 million RMB in R&D for new construction technologies and sustainable building practices [181]. - The company is investing heavily in R&D, with a budget increase of 30% aimed at developing new technologies [186]. Employee and Governance - The total number of employees in the parent company is 37, while the main subsidiaries employ 5,511, resulting in a total of 5,548 employees [192]. - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with governance standards [198]. - The company held 11 board meetings in 2020, making timely disclosures of relevant decisions [198]. - The supervisory board has 5 members, including 2 employee representatives, and conducted 7 meetings in 2020 [199]. - The company has established a long-term mechanism to prevent the controlling shareholder from occupying company funds and assets [198]. Financial Structure and Debt - The company issued 540 million RMB in convertible bonds and 450 million RMB in medium-term notes to support infrastructure projects and repay bank loans [44]. - As of the end of the reporting period, the total debt of the company was RMB 14.828 billion, indicating an improvement in debt structure and enhanced risk resistance [162]. - The company maintained an AA credit rating from Dongfang Jincheng International Credit Rating Co., Ltd., with a stable outlook [162]. - The total amount of guarantees provided to shareholders, actual controllers, and their related parties is 6,000,000,000.00 RMB [141]. - The total amount of guarantees to subsidiaries during the reporting period is 8,562,500,000.00 RMB [141]. Community Engagement and Social Responsibility - The company has committed CNY 1.08 million for poverty alleviation efforts, including cash and material support [153]. - The company has established a CNY 10 million fund for charitable donations, contributing CNY 500,000 annually [156]. - The company donated CNY 1 million and protective materials for COVID-19 relief efforts [156].

Financial Performance - Total assets increased by 17.99% to CNY 18.61 billion compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 20.04% to CNY 3.47 billion year-on-year[6] - Operating revenue for the first nine months reached CNY 14.02 billion, an increase of 11.77% compared to the same period last year[6] - Net profit attributable to shareholders was CNY 171.13 million, reflecting a growth of 9.17% year-on-year[6] - Net profit excluding non-recurring items increased by 19.58% to CNY 163.46 million[6] - The weighted average return on equity improved by 0.17 percentage points to 5.74%[6] - Basic earnings per share rose by 1.62% to CNY 0.1632[6] - The company reported a net cash flow from operating activities of CNY -84.69 million, an improvement from CNY -321.30 million in the previous year[6] Shareholder Information - The total number of shareholders reached 51,947[9] - The largest shareholder, Ningbo Transportation Investment Holding Co., Ltd., holds 29.92% of the shares[9] Asset Management - Accounts receivable increased by 56.97% to ¥835,480,539.01 compared to the previous period due to an increase in bill settlements[12] - Prepayments rose by 57.92% to ¥497,654,688.84, primarily due to increased advance payments for material procurement and subcontracting services[13] - Inventory decreased by 86.08% to ¥708,946,234.00, as completed but unsettled project payments are no longer included in inventory[13] - Contract assets reached ¥6,252,122,849.85, reflecting a new reporting category under the new accounting standards[12] Borrowings and Liabilities - Long-term borrowings increased to ¥214,000,000.00, attributed to new long-term loans taken during the period[14] - Long-term payables surged by 646.44% to ¥10,450,186.00, due to compensation received from government property expropriation[14] - Total liabilities rose to CNY 14.73 billion, compared to CNY 12.52 billion, reflecting an increase of about 17.6%[55] Research and Development - Research and development expenses grew by 73.71% to ¥228,858,929.36, driven by increased investment in R&D[15] - Other income increased by 66.71% to ¥9,903,979.65, mainly due to growth in government subsidies[15] Legal Proceedings and Claims - The company has received a total of 43,684,062.07 CNY from the lawsuit against Lanxi Xirui Real Estate Development Co., Ltd. as of September 2020, out of a claimed amount of 125,299,046 CNY[22] - The company has successfully collected 83,929,514.30 CNY from Ningbo Zhenhai Xinhengde Real Estate Development Co., Ltd. for construction work, with an outstanding ordinary debt of 7,198,000 CNY remaining[23] - The company has been awarded a total of 33,998,011 CNY in a lawsuit against Zhenjiang Shenguotou Commercial Real Estate Co., Ltd., including 3,920,000 CNY in construction fees and 363,430 CNY in overdue interest[26] - The company has confirmed a priority claim of 169,022,736 CNY against Ningbo Nannan Real Estate Co., Ltd. in bankruptcy proceedings, with 150,651,447.16 CNY received as of September 2020[29] - The company has been awarded 39,432,865 CNY in a lawsuit against Ningbo Qianhe Real Estate Co., Ltd., with a confirmation of priority claim on the auction proceeds of the project[30] - The company has initiated legal proceedings against Ningbo Xiangge Real Estate Development Co., Ltd. for an outstanding amount of 32,200,000 CNY, with a mediation agreement reached in June 2014[24] - The company has filed a lawsuit against Shenghongyong (Jiujiang) Industrial Development Co., Ltd. for a total of 21,834,785 CNY in claims, including 1,800,000 CNY in advance payment and 398,868 CNY in idle labor losses[25] - The company has claimed a total of 5,300,000 CNY from Ningbo Guanglong Real Estate Development Co., Ltd. for construction fees and related costs, with a subsequent lawsuit filed for 21,354,661 CNY and a penalty of 2,217,243 CNY[28] Cash Flow and Financial Management - The company reported a net cash outflow from operating activities of CNY -84,690,069.28 for the first three quarters of 2020, an improvement from CNY -321,302,445.49 in the same period of 2019[72] - The total cash inflow from financing activities in Q3 2020 was 1,364,865,094.34 RMB, compared to 836,362,000.00 RMB in Q3 2019, indicating a 63.1% increase[76] - The net cash flow from investing activities in Q3 2020 was 37,917,420.99 RMB, recovering from a negative cash flow of -289,013,100.37 RMB in Q3 2019[76] Contracts and Projects - The company signed significant contracts during the reporting period, including a ¥22,289.46 million contract for a residential project with Yuyao New Century Transportation Real Estate Co., Ltd.[48] - Another major contract worth ¥91,399 million was signed for a PPP project with Ninghai Hongshun Construction Co., Ltd.[49]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately CNY 9.15 billion, representing a 7.18% increase compared to CNY 8.54 billion in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 119.19 million, a 1.80% increase from CNY 117.08 million year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 111.11 million, up 5.42% from CNY 105.40 million in the previous year[21]. - The net cash flow from operating activities was negative CNY 334.89 million, an improvement from negative CNY 807.10 million in the same period last year[21]. - The net assets attributable to shareholders at the end of the reporting period were CNY 3.36 billion, a 16.11% increase from CNY 2.89 billion at the end of the previous year[21]. - Total assets at the end of the reporting period reached CNY 18.46 billion, reflecting a 17.08% increase from CNY 15.77 billion at the end of the previous year[21]. - Basic earnings per share for the first half of the year were CNY 0.1157, a decrease of 3.50% compared to the same period last year[22]. - Diluted earnings per share also stood at CNY 0.1157, reflecting a 3.50% decline year-over-year[22]. - The weighted average return on equity decreased to 4.03%, down by 0.16 percentage points from the previous year[23]. Market Position and Strategy - The company has maintained a strong market presence in the construction sector, focusing on large-scale projects and comprehensive service offerings[27]. - The company has achieved a high brand recognition and reputation in the Ningbo market, having completed several landmark projects[29]. - The company holds multiple construction qualifications, including special-grade general contracting for housing construction and municipal public works[29]. - The company is strategically focusing on regional market expansion while enhancing its core competencies in construction and related services[28]. - The company has implemented a horizontal marketing system that integrates general contracting and specialized subcontracting[27]. - The construction industry remains a crucial pillar of the national economy, with the company positioned as a regional market leader[27]. Contracts and Projects - The company undertook a total of CNY 10.995 billion in construction contracts during the reporting period, marking a year-on-year increase of 26.06%[33]. - The company secured several high-value projects, including a CNY 4.5 billion contract for the Ningbo Chuangwei Double Intelligence and Innovation Industrial Park[34]. - The company signed a construction contract with a total amount of RMB 251.91 million for the Ningbo Hangzhou Bay New Area cultural and livable area project[87]. - A contract worth RMB 233.66 million was signed for the Ningbo Agricultural Products Logistics Center Phase II project[87]. - The company signed a total construction contract for the first phase of the Ningbo Skyworth Smart Industry Park with a contract amount of RMB 450 million[88]. Financial Management and Investments - The company’s R&D expenses increased by 80.67% year-on-year, amounting to CNY 111.67 million, primarily due to increased investment in research and development[37]. - The company reported a significant increase in research and development expenses, which rose to CNY 111,673,789.78 from CNY 61,810,369.78, reflecting an increase of 80.7%[121]. - The company issued convertible bonds totaling RMB 540 million, with a maturity of 6 years[95]. - The total guarantee amount provided by the company, including guarantees to subsidiaries, is RMB 2,549.44 million, which accounts for 67.84% of the company's net assets[88]. Legal and Compliance Issues - The company has ongoing significant litigation matters, including a lawsuit against Lankai Xirui Real Estate Development Co., Ltd. for overdue payments totaling approximately ¥127.41 million[68]. - The court ruled that Lankai Xirui must pay the company ¥125.30 million plus interest of ¥20.15 million, totaling ¥145.45 million, along with additional fees[68]. - The company has filed an appeal against the court's decision regarding the aforementioned payment[68]. - The company has received a civil judgment from the Supreme People's Court confirming its priority right to recover 125,299,046 CNY in project payments, with a total of 43,684,062.07 CNY collected to date[69]. - The company has initiated legal proceedings against Ningbo Jiayuan Real Estate Development Co., Ltd. for 57,437,909.45 CNY in overdue project payments, with a court ruling allowing for priority recovery from auction proceeds[69]. Risk Management - Risks identified include macroeconomic fluctuations affecting the construction industry and potential increases in accounts receivable due to market conditions[59]. - The company plans to enhance its cost control systems to mitigate risks from raw material price fluctuations[60]. - The company is focusing on expanding its business outside of Ningbo to counteract local market slowdowns[60]. - Legal risks related to project funding and quality disputes are being addressed through improved project management and legal awareness[61]. Shareholder and Equity Information - No profit distribution or capital reserve fund transfer plan proposed for the half-year period[65]. - The top shareholder, Ningbo Transportation Investment Holding Co., Ltd., holds 292,000,000 shares, representing 29.92% of the total shares[104]. - Zhejiang Guangtian Riyue Group Co., Ltd. holds 85,100,000 shares, accounting for 8.72% of the total shares[104]. - The total equity attributable to shareholders increased to CNY 2,445,120,546.53 from CNY 2,033,725,379.57, representing a growth of 20.3%[119]. Operational Efficiency and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[135]. - Future guidance suggests a cautious optimism with expected revenue growth in the upcoming quarters, driven by strategic initiatives and market expansion[135]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and diversify its offerings[135].