宁波建工(601789) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the third quarter was RMB 4.37 billion, a decrease of 7.84% year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB 75.68 million, an increase of 22.12% year-over-year[2] - Basic earnings per share for the third quarter were RMB 0.0655, an increase of 23.84% year-over-year[3] - Total operating revenue for the first three quarters of 2024 was RMB 14.39 billion, a decrease of 5.05% compared to RMB 15.16 billion in the same period of 2023[23] - Total operating costs for the first three quarters of 2024 were RMB 13.99 billion, a decrease of 5.39% compared to RMB 14.78 billion in the same period of 2023[23] - Net profit for the first three quarters of 2024 was RMB 232.52 million, a decrease of 5.44% compared to RMB 245.90 million in the same period of 2023[24] - Sales revenue from goods and services was 15.348 billion yuan, a decrease from 16.655 billion yuan in the previous year[26] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 30.19 billion, an increase of 5.89% compared to the end of the previous year[3] - Inventory at the end of the third quarter increased by 33.52% compared to the end of the previous year, mainly due to an increase in finished goods[6] - Long-term loans at the end of the third quarter increased by 54.42% compared to the end of the previous year, due to new long-term borrowings[7] - The company's total assets as of September 30, 2024, amounted to RMB 30,194,287,374.89, an increase from RMB 28,515,555,266.52 at the end of 2023[19] - The company's monetary funds as of September 30, 2024, were RMB 4,373,328,328.04, a decrease from RMB 5,201,419,101.39 at the end of 2023[19] - The company's accounts receivable as of September 30, 2024, were RMB 5,168,418,373.19, an increase from RMB 4,571,408,659.01 at the end of 2023[19] - Total liabilities as of Q3 2024 were RMB 24.83 billion, an increase of 6.77% compared to RMB 23.25 billion in the same period of 2023[22] - Long-term borrowings increased by 54.42% to RMB 2.34 billion in Q3 2024 compared to RMB 1.52 billion in the same period of 2023[22] - Total equity attributable to the parent company's shareholders as of Q3 2024 was RMB 4.89 billion, an increase of 1.94% compared to RMB 4.80 billion in the same period of 2023[22] - Minority interest as of Q3 2024 was RMB 476.63 million, an increase of 2.30% compared to RMB 465.93 million in the same period of 2023[22] Cash Flow - Operating cash flow for the third quarter was negative RMB 199.99 million, a decrease of 165.10% year-over-year[3] - Net cash flow from operating activities was -1.776 billion yuan, compared to -32.26 million yuan in the same period last year[26] - Cash received from other operating activities increased to 3.294 billion yuan from 2.887 billion yuan[26] - Net cash flow from investing activities was -186.3 million yuan, an improvement from -347.31 million yuan[27] - Cash received from disposal of fixed assets and intangible assets was 17.998 million yuan, up from 5.372 million yuan[27] - Net cash flow from financing activities was 1.026 billion yuan, compared to 581.41 million yuan in the previous year[27] - Cash received from borrowing increased to 5.134 billion yuan from 3.704 billion yuan[27] - Cash paid for construction of fixed assets and intangible assets decreased to 60.74 million yuan from 287.75 million yuan[27] - Cash paid for investments increased to 100.4 million yuan from 74.94 million yuan[27] - Total cash and cash equivalents at the end of the period were 4.137 billion yuan, down from 5.074 billion yuan at the beginning of the period[27] Expenses and Income - Sales expenses for the first three quarters decreased by 39.16% year-over-year, mainly due to reduced labor and business expenses[7] - Financial expenses for the first three quarters increased by 40.44% year-over-year, mainly due to higher interest expenses[7] - Other income for the first three quarters increased by 132.62% year-over-year, mainly due to increased VAT deductions[7] - R&D expenses for the first three quarters of 2024 were RMB 371.05 million, an increase of 7.83% compared to RMB 344.10 million in the same period of 2023[23] - Financial expenses for the first three quarters of 2024 were RMB 162.92 million, an increase of 40.43% compared to RMB 116.01 million in the same period of 2023[23] Shareholders and Equity - The total number of ordinary shareholders at the end of the reporting period is 76,353[8] - Ningbo Communications Investment Group Co., Ltd. holds 292,000,000 shares, accounting for 26.87% of the total shares[8] - Ningbo Ningju Asset Management Center holds 19,600,000 shares, accounting for 1.80% of the total shares[8] - Ningbo Guangtian Riyue Construction Co., Ltd. holds 14,650,000 shares, accounting for 1.35% of the total shares[12] - Xu Wenwei holds 6,000,000 shares, accounting for 0.55% of the total shares[12] - He Baige holds 5,577,600 shares, accounting for 0.51% of the total shares[12] - Hong Kong Securities Clearing Company Ltd. holds 5,026,574 shares, accounting for 0.46% of the total shares[12] - Wang Yiding holds 4,270,000 shares, accounting for 0.39% of the total shares[12] - Mao Sheng holds 3,356,100 shares, accounting for 0.31% of the total shares[12] - Zhu Lei holds 3,000,000 shares, accounting for 0.28% of the total shares[12] Legal and Arbitration Cases - The court ruled that Jindi Real Estate should pay the company 8,696,936 yuan in project payments and 235,343.78 yuan in overdue penalties, with the company having priority compensation rights within 24,863,474 yuan[14] - The company has received a cumulative payment of 4,129,830 yuan from Baitong Real Estate, with two auctioned properties offsetting 3,015,284 yuan[14] - The court confirmed that Aluya Hotel Development owes the company 62,171,140.91 yuan in project payments, with priority compensation rights[14] - Anshun Transportation Construction Investment was ordered to pay the company 140,122,596.46 yuan in project payments and 10,595,879.67 yuan in overdue penalties[14] - The company filed a lawsuit against Wenzhou Ouhai Avenue Construction Development for 27,153,859 yuan in unpaid project payments[14] - The court ruled that Yuyao Shengjian Real Estate should pay the company 110,741,369.72 yuan in project payments, with priority compensation rights[14] - The company received 9,269,912.91 yuan in the execution of property distribution from Yuyao Shengjian Real Estate[14] - The court ordered Yucheng Real Estate to pay construction costs and interest totaling 71,004,982.8 RMB, with Ningbo Construction Group having priority compensation rights for 70,978,410.21 RMB[15] - Zhoushan Jingshun Real Estate was ordered to pay construction costs and a 4.5% warranty deposit totaling 20,564,782.57 RMB, with Ningbo Construction Group having priority compensation rights for the same amount[15] - Fenghua Shengjian Real Estate was ordered to pay construction costs of 54,756,170.76 RMB and refund a warranty deposit of 7,975,322.73 RMB, with Ningbo Construction Group having priority compensation rights for 62,731,493.49 RMB[16] - Fenghua Shengjian Real Estate was ordered to pay construction costs of 57,261,847.40 RMB, with Evergrande Group Shanghai Shengjian Real Estate bearing joint liability[17] - Ningbo Suihua Real Estate was ordered to pay construction progress payments of 132,113,647.39 RMB and overdue interest, with Ningbo Construction Group having priority compensation rights[18] - Ningbo Suihua Real Estate was ordered to pay construction costs of 10,683,743.89 RMB, with Ningbo Construction Group having priority compensation rights for 9,108,020.74 RMB[18] - The company's subsidiary, Jian Gong Jian Le, filed an arbitration case against Zhengzhou Hangjia New Energy for unpaid project fees amounting to 199,662,304.72 RMB[16] - Jian Gong Jian Le also filed an arbitration case against Shandong Yuncheng Ruiming Energy Technology for unpaid project fees of 42,050,894.8 RMB[16] - The company's subsidiary, Jian Gong Group, won a lawsuit against Ningbo Hengyue Real Estate Development for unpaid project fees of 80,815,980.6 RMB[16] - Jian Gong Group secured a judgment against Ningbo Yongyao Real Estate for unpaid project fees of 54,478,214.14 RMB, with 295,851.44 RMB already received[16] - Jian Gong Jian Le was involved in a construction contract dispute with Shandong Yabaite Technology, with a court ruling requiring Yabaite to pay 17,894,541.46 RMB[16] - Jian Gong Group won an arbitration case against Jiangxi Hongdian Real Estate, securing a compensation of 73,997,377.80 RMB and an additional 4,243,631.94 RMB for a decoration project[16] - Jian Gong Jian Le filed a lawsuit against Ningbo Dongqian Lake Cultural Tourism Development Group for unpaid project fees of 129,815,289 RMB and additional interest of 13,314,797.13 RMB[16] - The company's subsidiary, Jian Gong Group, filed a lawsuit against Pingyang Jincheng Real Estate Co., Ltd., demanding payment of RMB 36,342,551.93 in engineering fees and corresponding interest[17] - The company's subsidiary, Municipal Group, won a lawsuit against Kunming Urban Construction Investment Development Co., Ltd., with the court ordering the repayment of RMB 100 million in principal and corresponding interest[17] - The company's subsidiary, Jian Gong Group, reached a settlement with Taizhou Dexin Real Estate Co., Ltd., confirming the payment of RMB 44,053,455.45 in engineering fees by September 30, 2024[17] Contracts and Projects - The company's subsidiary, Zhejiang Jiangang Engineering Construction Co., Ltd., signed a contract for the West Plot II Project of the Guaranteed Rental Housing Project in the Beilun Port Economic Demonstration Zone, with a contract value of RMB 477.25 million[17] - The company's subsidiary, Zhejiang Yongzhu Engineering Construction Co., Ltd., signed a contract for the Phase III Project of the Life Health Industry Base in Fenghua District, with a contract value of RMB 644.3 million[17] - The company's subsidiary, Ningbo Municipal Engineering Construction Group Co., Ltd., signed a contract for the Aviation Component Intelligent Industrial Park Project (Phase I), with a contract value of RMB 679.29 million[18] - The company's subsidiary, Ningbo Municipal Engineering Construction Group Co., Ltd., signed a contract for the Phase III Dual-Purpose Project of Yiwu Central Hospital, with a contract value of RMB 685.84 million[18]