Financial Performance - Operating revenue decreased by 0.59% to CNY 3,164,357,804.77 year-on-year[11] - Net profit attributable to shareholders increased by 17.58% to CNY 57,022,209.13 compared to the same period last year[11] - Basic and diluted earnings per share increased by 11.45% to CNY 0.1168[11] - Operating profit increased to CNY 84,239,957.33, compared to CNY 69,904,151.73 in Q1 2013, reflecting a growth of about 20.5%[42] - Total operating costs decreased to CNY 3,080,665,734.84 from CNY 3,113,146,836.40, a reduction of approximately 1.0%[42] - The total comprehensive income for the period was CNY 59,190,479.82, an increase from CNY 53,740,073.46 in the same quarter last year, reflecting a growth of approximately 10.1%[43] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 308,079,835.06 compared to a positive inflow of CNY 16,320,232.95 in the previous year, representing a decrease of 1,987.72%[11] - Cash inflow from operating activities totaled CNY 4,176,827,933.07, down from CNY 4,486,866,643.17 year-over-year[48] - Cash outflow from operating activities was CNY 4,484,907,768.13, slightly higher than CNY 4,470,546,410.22 in the previous year[48] - Cash flow from financing activities generated a net inflow of CNY 472,097,985.25, compared to a net outflow of CNY 59,007,902.11 in Q1 2013[49] - Net cash flow from operating activities decreased by 1,987.72% to -308,079,835.06 CNY, primarily due to increased capital usage for BT project construction and slower recovery of project payments[19] - Net cash flow from financing activities increased by 531,105,887.36 CNY to 472,097,985.25 CNY, driven by increased bank loans to meet construction funding needs[20] Assets and Liabilities - Total assets increased by 7.96% to CNY 9,351,044,507.10 compared to the end of the previous year[11] - Current liabilities totaled CNY 7,149,708,464.72, an increase of 9.38% from CNY 6,536,770,266.74 in the previous period[35] - Total liabilities reached CNY 7,152,563,464.72, an increase of 9.38% from CNY 6,539,225,266.74[35] - Shareholders' equity rose to CNY 2,198,481,042.38, compared to CNY 2,122,620,299.44, indicating an increase of approximately 3.57%[35] - Total current assets amounted to CNY 4,655,690,442.34, an increase of 11.16% from CNY 4,188,495,181.06[38] Shareholder Information - The total number of shareholders reached 15,317 at the end of the reporting period[14] - Zhejiang Guangtian Riyue Group Co., Ltd. holds 39.04% of the shares, making it the largest shareholder[14] Legal Matters - The company is involved in ongoing arbitration with Xinchang Construction Co., Ltd. over a dispute involving a payment claim of 164,179,373.00 CNY[22] - The company has a court ruling in favor of 45,517,598.82 CNY against Ningbo Edims Sports Goods Co., Ltd. for overdue project payments, currently in the execution phase[23] - The company has initiated legal proceedings against Jilin Baishan Hefeng Real Estate Co., Ltd. for a claim of 47,513,372.50 CNY due to unpaid project payments[24] Government Support and Subsidies - The company received government subsidies amounting to CNY 1,171,500.51 during the reporting period[12] Inventory and Receivables - Accounts receivable decreased to CNY 2.90 billion from CNY 3.09 billion, indicating a decline of 6.63%[33] - Inventory increased significantly to CNY 2.83 billion, compared to CNY 2.39 billion, representing a rise of 18.38%[33] - Advance receipts rose by 40.85% to 1,277,678,730.91 CNY, attributed to increased work volume with payments not yet settled[18] Future Commitments - The company has committed to achieving audited net profits of no less than 44.36 million CNY, 44.37 million CNY, and 49.05 million CNY for the years 2012, 2013, and 2014 respectively[27]

Financial Performance - In 2013, the company's operating revenue reached CNY 13.50 billion, a year-on-year increase of 42.45%[18]. - The net profit attributable to shareholders was CNY 226.66 million, reflecting a growth of 68.31% compared to 2012[18]. - The basic earnings per share (EPS) increased by 41.89% to CNY 0.4769[19]. - The total assets at the end of 2013 amounted to CNY 86.62 billion, up 12.17% from the previous year[24]. - The company reported a total operating revenue for 2013 of CNY 13,499,325,426.38, representing a 42.45% increase compared to CNY 9,476,811,282.23 in the previous year[28]. - The operating cost increased to CNY 12,307,945,149.51, reflecting a growth of 42.31% from CNY 8,648,728,644.52 year-on-year[28]. - The company achieved a significant increase in investment income, which rose by 360.72% to CNY 13,443,855.20, largely due to the disposal of investments by a subsidiary[30]. - The company reported a total revenue of CNY 57,525,557.66 for the reporting period[100]. - The company reported a total operating cost of CNY 13,181,121,115.56, which is a 42.3% increase from CNY 9,280,265,463.37 in the previous year[182]. - The company recorded an investment income of CNY 13,443,855.20, significantly higher than CNY 2,918,026.93 in the previous year, indicating a growth of 360%[183]. Cash Flow - The company reported a cash flow from operating activities of CNY -148.15 million, a decrease of 377.26% from 2012[18]. - The net cash flow from operating activities was -148,147,087.95 RMB, a decrease compared to 53,432,922.59 RMB in the previous period[188]. - The net cash flow from investing activities was -97,672,995.89 RMB, a decline from 93,338,146.70 RMB in the previous period[189]. - The net cash flow from financing activities was -30,876,467.99 RMB, a decrease from 181,760,558.04 RMB in the previous period[189]. - The ending cash and cash equivalents balance was 781,797,987.89 RMB, down from 1,058,494,539.72 RMB at the beginning of the year[190]. Shareholder Information - The company reported a cash dividend of 1.5 RMB per 10 shares, totaling 73,206,000 RMB for the year 2013[5]. - The company has a total share capital of 488,040,000 shares as of the end of 2013[5]. - The total number of shareholders was 15,891, with the top ten shareholders holding 39.04% of the shares[120]. - Zhejiang Guangtian Riyue Group holds 190,528,000 shares, representing 39.04% of the total shares, with no changes during the reporting period[120]. - The company completed a private placement of 25,440,000 shares, increasing its total share capital to 488,040,000 shares[27]. Business Operations - The company’s main business has not changed since its listing[17]. - The company undertook a total business volume of CNY 129.33 billion in 2013, with residential projects accounting for 49.52%[25]. - The company expanded its business outside Ningbo, achieving a total business volume of CNY 28.90 billion, a growth of 50.91%[25]. - The company completed a significant asset restructuring with Ningbo Municipal Engineering Group, enhancing operational integration and management efficiency[40]. - The company has ongoing investment projects in Shenyang, Qingdao, and Wuhan, with a need for increased investment in Tianjin, Luoyang, and Wuhu due to better operational performance[64]. Risk Management - The company has detailed risk disclosures in its report, particularly in the section discussing future developments[10]. - The company faces risks related to macroeconomic cycles, which could adversely affect its operations if economic growth slows[83]. - The company is exposed to raw material price volatility risks, which could increase construction costs despite having a robust procurement and cost control system[83]. Corporate Governance - The company received a standard unqualified audit report from Da Xin Accounting Firm[4]. - The company has established long-term business cooperation relationships with its controlling shareholders and related parties, with low transaction volumes that do not affect its independence[100]. - The independent directors did not raise any objections to the board's proposals during the reporting period[160]. - The company has maintained independence in business, personnel, assets, and financial aspects from its controlling shareholder[161]. Social Responsibility - The company actively participated in disaster relief efforts during the severe flooding in Yuyiao in October 2013, forming an emergency rescue team[88]. - The company has received recognition for its social responsibility efforts, including awards for contributions to regional economic development and social harmony[86]. Future Outlook - In 2014, the company targets stable growth in business contracts, revenue, and total profit, focusing on expanding its project scale and enhancing brand cooperation with major real estate clients[78]. - The company plans to strengthen its technical innovation capabilities by undertaking high-difficulty projects and enhancing its technological competitiveness through increased R&D efforts[76]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in international projects by 2015[135]. - Future guidance estimates a revenue growth of 12% for the upcoming fiscal year, driven by increased demand in urban infrastructure projects[135].