NB CONSTRUCTION(SH:601789)2022-04-24 16:00Financial Performance - The company's operating revenue for Q1 2022 was approximately ¥5.97 billion, a decrease of 4.03% compared to the same period last year[6]. - Net profit attributable to shareholders was approximately ¥102.62 million, an increase of 20.01% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was approximately ¥62.35 million, a decrease of 25.73% compared to the previous year[6]. - Basic earnings per share were ¥0.0996, reflecting an increase of 21.32% year-on-year[7]. - Total operating revenue for Q1 2022 was approximately ¥5.97 billion, a decrease of 4.02% from ¥6.22 billion in Q1 2021[45]. - Net profit for Q1 2022 reached approximately ¥104.40 million, an increase of 21.4% compared to ¥86.02 million in Q1 2021[46]. - Basic earnings per share for Q1 2022 were ¥0.0996, up from ¥0.0821 in Q1 2021, reflecting a growth of 21.5%[47]. - Total comprehensive income for Q1 2022 was approximately ¥104.40 million, compared to ¥86.80 million in Q1 2021, reflecting a growth of 20.2%[47]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥21.78 billion, an increase of 4.55% from the end of the previous year[7]. - The company's total assets amounted to RMB 21,778,168,293.94, an increase from RMB 20,831,128,531.99 as of December 31, 2021[42]. - The company's current assets totaled RMB 17,254,723,875.24, up from RMB 16,307,076,723.86 at the end of 2021[42]. - The company's total liabilities as of March 31, 2022, were RMB 17,159,121,534.65, compared to RMB 16,587,039,475.54 at the end of 2021[43]. - The company's equity attributable to shareholders increased to RMB 4,244,843,549.90 from RMB 3,871,735,541.85[43]. - The company reported a short-term loan of RMB 2,558,265,130.94, an increase from RMB 2,194,836,397.21 at the end of 2021[43]. - The company has a long-term debt of RMB 890,000,000.00, which increased from RMB 670,000,000.00[43]. Cash Flow - Cash flow from operating activities was negative at approximately -¥633.78 million, indicating a significant cash outflow[6]. - Cash flow from operating activities in Q1 2022 was negative at approximately -¥633.78 million, an improvement from -¥862.72 million in Q1 2021[49]. - Cash inflow from operating activities totaled approximately ¥8.31 billion in Q1 2022, compared to ¥4.81 billion in Q1 2021, indicating a significant increase[48]. - Cash outflow from operating activities was approximately ¥8.94 billion in Q1 2022, up from ¥5.67 billion in Q1 2021[49]. - Cash flow from investing activities in Q1 2022 was negative at approximately -¥47.34 million, a decrease from a positive cash flow of ¥117.98 million in Q1 2021[49]. - Cash inflow from financing activities in Q1 2022 was approximately ¥2.58 billion, compared to ¥779 million in Q1 2021, showing a substantial increase[49]. - The net increase in cash and cash equivalents for the first quarter of 2022 was ¥626,671,687.78, a decrease of ¥538,196,342.35 compared to the previous period[50]. - The beginning balance of cash and cash equivalents was ¥2,376,013,000.70, compared to ¥2,305,480,455.76 in the prior period[50]. - The ending balance of cash and cash equivalents reached ¥3,002,684,688.48, up from ¥1,767,284,113.41 in the previous period[50]. Shareholder Information - The total number of ordinary shares at the end of the reporting period is 168,572,000[12]. - The largest shareholder, Ningbo Transportation Investment Co., Ltd., holds 292,000,000 shares, accounting for 28.01% of total shares[12]. - The company issued 5.4 million convertible bonds with a total value of 540 million RMB, which began trading on August 6, 2020[14]. - As of April 11, 2022, a total of 527,040,000 RMB of convertible bonds have been converted into company shares, increasing the total share capital to 1,086,798,590 shares[14]. Legal Matters - The company is involved in multiple ongoing litigation cases, including a construction contract dispute with Ningbo Aidi Sports Goods Co., Ltd., with a judgment amount of 45,517,598.82 RMB[15]. - The company has a pending claim against Zhejiang Huayue Real Estate Co., Ltd. for 440,195,892.82 RMB in construction payments[16]. - The company has received a total of 98,536,559.26 RMB from a judgment related to a construction contract dispute, with a remaining claim of 125,299,046 RMB[17]. - The company has accumulated a total of 84,234,021.30 RMB from a judgment against Ningbo Zhenhai Xinhengde Real Estate Development Co., Ltd.[18]. - The company has a total of 1,000,000 RMB collected from a settlement with Ningbo Xiangge Real Estate Development Co., Ltd.[18]. - The company is actively pursuing recovery of outstanding debts through various legal channels[15][16][17][18]. - The company has a court ruling requiring Shenghongyong (Jiujiang) Industrial Development Co., Ltd. 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[19]. - The company has received a total of RMB 32,637,690.60 from Ningbo Guanglong Real Estate Development Co., Ltd. as part of a court ruling for project payments and penalties[21]. - The company has confirmed priority claims of RMB 169,022,736 as a preferred creditor in the bankruptcy proceedings of Nannan Real Estate[21]. - The company has received a total of RMB 37,669,805.51 from Zhejiang Road Network Logistics Co., Ltd. following a court ruling for project payments and penalties[22]. - The company has reached a settlement with Cangnan Wanshun Real Estate Co., Ltd. for a total of RMB 98 million related to project payments[23]. - The company has a court ruling against Fifth Hospital and Taicang Kanglaite Real Estate Co., Ltd. for a total of RMB 61 million, with ongoing enforcement actions due to non-payment[24]. - The company has a court ruling requiring Huangshan New徽 Investment Co., Ltd. to pay RMB 10,433,152.32 for overdue project payments[25]. - The company has received a total of 6,117,515.78 RMB from Ningbo Yongbang Real Estate Co., Ltd. as part of a court ruling for project payments and penalties[26]. - The company has a court ruling against Ridi Solar Power Co., Ltd. for RMB 11,276,519 in project payments, with ongoing legal proceedings[26]. - The company has received a civil judgment requiring a payment of CNY 35,040,369.60 and compensation for delays amounting to CNY 7,267,258 from the Zhuangqiao Resettlement Office[28]. - The company is entitled to a priority claim of CNY 66,348,667 for construction progress payments from Zhoushan Aluya Hotel Development Co., Ltd.[23]. - The company has a pending claim for CNY 26,904,965.11 and a return of CNY 4,000,000 in performance bond from Kaifeng Green City Real Estate Co., Ltd.[32]. - The company has filed a lawsuit against Anshun Transportation Construction Investment Co., Ltd. for CNY 140,122,596.46 in overdue payments and CNY 10,595,879.67 in penalties[34]. - The company has initiated legal proceedings against Ningbo Jialong Hengye Investment Management Co., Ltd. for CNY 45,762,931.71 in construction payments[33]. - The company has received a civil judgment for CNY 10,614,605 in overdue payments from Jiangxi Legend Real Estate Co., Ltd.[30]. - The company has a claim for CNY 128,003,174.40 against Yuyao Shengjian Real Estate Co., Ltd. for overdue construction payments[36]. - The company has filed a lawsuit against Wenzhou Ouhai Avenue Construction Development Co., Ltd. for CNY 27,153,859 in overdue payments[35]. - The company has received CNY 41,489,165.57 from the Zhuangqiao Resettlement Office, completing the execution of the case[28]. - The company has a pending arbitration case against Cixi Drainage Co., Ltd. for CNY 24,816,393.80 in overdue payments[31]. - The company has initiated lawsuits against multiple clients for overdue payments, including a claim for RMB 80,961,853.44 against Ningbo Yucheng Real Estate Co., Ltd.[37]. Contracts and Projects - The company has signed significant contracts, including a total contract amount of RMB 98,532.00 million for the Ningbo Public Health Clinical Center project with Ningbo First Hospital[39].