NB CONSTRUCTION(SH:601789)2014-04-14 16:00Financial 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].