NB CONSTRUCTION(SH:601789)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 85.51 million, an increase of 51.15% year-on-year[6]. - Operating revenue reached CNY 6.22 billion, reflecting a growth of 25.76% compared to the same period last year[6]. - Basic earnings per share were CNY 0.0821, up 41.55% from CNY 0.0580 in the previous year[6]. - The diluted earnings per share were CNY 0.0811, an increase of 39.83% compared to the previous year[6]. - Net profit for Q1 2021 was ¥86,023,587.90, representing a 61.1% increase compared to ¥53,407,820.80 in Q1 2020[50]. - Basic earnings per share for Q1 2021 was ¥0.0821, compared to ¥0.0580 in Q1 2020, reflecting a 41.4% increase[51]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 862.72 million, compared to negative CNY 491.77 million in the same period last year[6]. - Cash flow from operating activities for Q1 2021 was -862,718,470.20 RMB, compared to -491,767,361.93 RMB in Q1 2020, reflecting a significant increase in cash outflow[57]. - Total cash inflow from operating activities decreased to 4,810,049,189.82 RMB in Q1 2021 from 5,450,305,440.04 RMB in Q1 2020, a decline of approximately 11.7%[56]. - Cash and cash equivalents at the end of Q1 2021 were 1,767,284,113.41 RMB, down from 1,331,651,680.86 RMB in Q1 2020[58]. - The net cash flow from financing activities was -36,817,027.82 CNY, compared to a net inflow of 200,598,817.99 CNY in the previous period[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18.34 billion, a decrease of 1.53% compared to the end of the previous year[6]. - Total current assets as of March 31, 2021, amounted to CNY 15,602,020,214.32, a slight decrease from CNY 15,762,829,940.55 as of December 31, 2020, representing a decline of approximately 1%[43]. - Total liabilities decreased to CNY 14,209,125,889.36 from CNY 14,828,094,729.92, a reduction of about 4%[44]. - Total assets as of the end of Q1 2021 amounted to ¥4,026,633,212.94, slightly down from ¥4,057,550,666.04 at the end of Q1 2020[48]. - Total liabilities for Q1 2021 were ¥1,577,831,712.80, a marginal increase from ¥1,576,780,021.33 in Q1 2020[48]. Shareholder Information - The total number of shareholders was 45,785 at the end of the reporting period[9]. - The largest shareholder, Ningbo Transportation Investment Holding Co., Ltd., held 292 million shares, accounting for 29.92% of the total shares[10]. Research and Development - R&D expenses surged by 177.71% to ¥93,392,018.46, reflecting increased investment in research and development[13]. - The company reported a significant increase in R&D expenses, totaling ¥93,392,018.46 in Q1 2021, compared to ¥33,629,549.24 in Q1 2020, marking an increase of 177.5%[49]. Legal and Contractual Matters - The company has a court ruling requiring Shenghong Yong to return a prepayment of RMB 18 million and pay remaining project funds of RMB 3,834,785, along with compensation for losses of RMB 398,868[20]. - The company has a claim against Zhenjiang Shenguotou for a total debt of RMB 72,477,309, with property valued at RMB 40,279,488 used as collateral for debt repayment[21]. - The company reached an agreement with Ningbo Guanglong to receive a total of RMB 53 million for project payments, with a court ruling confirming payments of RMB 21,354,661 and a penalty of RMB 2,217,243[22]. - The company has confirmed priority claims of RMB 169,022,736 and ordinary claims of RMB 6,352,726 against Nannan Real Estate, with total recoveries of RMB 150,651,447.16 to date[23]. - The company has received a total of RMB 36,171,720 from Zhejiang Lu Wang Logistics as part of a court ruling for project payments and penalties[24]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[50]. - The management remains optimistic about achieving further revenue growth in the upcoming quarters, supported by ongoing projects and strategic initiatives[50].