宁波建工(601789) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months reached CNY 10.87 billion, an increase of 11.70% year-on-year[6] - Net profit attributable to shareholders rose by 7.72% to CNY 152.10 million for the first nine months[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 140.02 million, up 23.09% year-on-year[6] - The basic earnings per share increased by 7.67% to CNY 0.1558[7] - The weighted average return on equity improved by 0.15 percentage points to 5.77%[7] - Net profit for Q3 2018 was CNY 45,014,739.67, an increase from CNY 43,973,027.43 in Q3 2017, representing a growth of 2.37%[57] - The company reported a net profit of CNY 504,575,918.02 for the first nine months of 2018, compared to CNY 423,440,388.69 in the same period last year, reflecting a growth of 19.19%[53] - The company’s total profit for the first nine months of 2018 was CNY 149,754,338.33, down from CNY 222,326,492.06 in the previous year[61] Assets and Liabilities - Total assets increased by 6.50% to CNY 14.82 billion compared to the end of the previous year[6] - The total number of shareholders at the end of the reporting period was 44,157[8] - The largest shareholder, Zhejiang Guangtian Riyue Group, held 38.63% of the shares[9] - The company's total non-current asset value was 1,876,448,910.07 CNY, an increase from 1,756,376,782.09 CNY, reflecting a growth of about 6.8%[47] - Total liabilities as of September 30, 2018, amounted to CNY 11,897,544,433.45, compared to CNY 11,196,995,654.01 at the beginning of the year, reflecting an increase of 6.26%[49] - The company's cash and cash equivalents decreased to 2,258,911,693.71 CNY from 2,341,871,737.78 CNY, a decline of about 3.5%[46] - The company has a short-term loan liability of 4,471,591,878.50 CNY, which increased from 3,919,426,675.20 CNY, representing a rise of approximately 14.1%[46] Cash Flow - The net cash flow from operating activities was negative at CNY -443.71 million, compared to CNY -173.96 million in the same period last year[6] - Operating cash flow for Q3 2018 showed a net outflow of CNY 443,709,244.70, compared to a smaller outflow of CNY 173,958,485.57 in Q3 2017[64] - Total cash inflow from operating activities was $444.28 million, down 28.8% from $623.80 million in the same period last year[67] - Cash outflow from operating activities totaled $474.58 million, a decrease of 11.0% compared to $532.98 million in the previous year[67] Investments and Expenses - R&D expenses skyrocketed by 367.14% to CNY 107,164,492.92 due to increased investment in research and development[13] - Interest income grew by 128.98% to CNY 48,542,835.26, driven by increased PPP project activities[14] - Investment income rose by 323.53% to CNY 8,399,490.73, mainly from the consolidation of Ningbo Pulikai[14] - The total cost of goods sold for the first nine months of 2018 was CNY 10,649,736,365.86, an increase of 12.03% compared to CNY 9,506,255,452.64 in the same period last year[55] - The company incurred financial expenses of CNY 30,348,438.99 for the first nine months of 2018, with interest expenses accounting for CNY 30,091,636.26[61] Legal and Claims - The company has a total claim of 145,447,132.60 CNY against Xirui Real Estate, including principal and interest, as per the court ruling in January 2018[19] - The company successfully claimed 83,929,514.30 CNY from Ningbo Zhenhai Xinhengde Real Estate Development Co., Ltd. as of September 2017, with an outstanding ordinary claim of 7,198,000 CNY[20] - The company has confirmed priority claims of 169,022,736 CNY and ordinary claims of 6,352,726 CNY against Ningbo Nannan Real Estate Co., Ltd. due to bankruptcy proceedings[27] - The company has initiated legal proceedings against multiple parties for unpaid construction fees, including a claim for 39,419,184.40 CNY from Wu Jikui and 53,875,202.46 CNY from Ningbo Century Huafeng Real Estate Co., Ltd.[39][41] Revenue and Sales - Total revenue for the first nine months of 2018 was CNY 9,102,515,768.57, down from CNY 10,950,286,557.93 in the previous year[63] - Total revenue for Q3 2018 reached CNY 3,211,638,464.77, an increase of 2.05% compared to CNY 3,147,055,867.47 in Q3 2017[55] - Year-to-date revenue for the first nine months of 2018 was CNY 10,871,036,795.79, up 11.74% from CNY 9,732,449,044.50 in the same period last year[55]