NB CONSTRUCTION(SH:601789)2014-04-28 16:00Financial 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]