NB CONSTRUCTION(SH:601789)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was approximately CNY 4.67 billion, a decrease of 0.58% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was approximately CNY 55.15 million, down 3.39% year-on-year, while the net profit after deducting non-recurring gains and losses was approximately CNY 49.21 million, an increase of 5.52%[6]. - The basic earnings per share for Q3 2022 were CNY 0.0432, a decrease of 18.36% compared to the same period last year[7]. - Total operating revenue for the first three quarters of 2022 was CNY 14,830,952,247.66, a decrease from CNY 15,207,949,578.35 in the same period of 2021[43]. - Net profit for the third quarter of 2022 was CNY 242,105,687.97, compared to CNY 308,931,817.56 in the same quarter of 2021, reflecting a decline[44]. - The total comprehensive income attributable to the parent company's owners for Q3 2022 was CNY 226,394,665.62, compared to CNY 292,220,329.99 in Q3 2021, reflecting a decrease of approximately 22.5%[45]. - The basic earnings per share for Q3 2022 was CNY 0.1988, down from CNY 0.2763 in Q3 2021, indicating a decline of about 28.1%[45]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 23.12 billion, reflecting an increase of 11.01% compared to the end of the previous year[7]. - The equity attributable to shareholders at the end of the reporting period was approximately CNY 4.95 billion, up 27.73% year-on-year[7]. - Total liabilities rose to CNY 17,764,564,515.21 in Q3 2022, compared to CNY 16,587,039,475.54 in Q3 2021[40]. - The company's total assets increased to CNY 23,124,024,834.86 in Q3 2022, up from CNY 20,831,128,531.99 in Q3 2021[41]. - The total equity attributable to shareholders increased to CNY 4,945,330,986.28 in Q3 2022, compared to CNY 3,871,735,541.85 in Q3 2021[41]. Cash Flow - The cash flow from operating activities showed a net outflow of approximately CNY 7.97 million for the year-to-date period[7]. - The net cash flow from operating activities for the first three quarters of 2022 was CNY -7,971,894.93, a significant improvement from CNY -1,098,649,684.64 in the same period of 2021[47]. - Cash inflow from operating activities totaled CNY 19,227,799,628.54 for the first three quarters of 2022, up from CNY 17,984,971,899.06 in 2021, representing an increase of approximately 6.9%[47]. - The net cash flow from investing activities for the first three quarters of 2022 was CNY -162,999,378.76, compared to CNY -11,462,116.98 in the same period of 2021[48]. - The net cash flow from financing activities for the first three quarters of 2022 was CNY 1,112,907,018.80, an increase from CNY 834,399,225.72 in 2021, reflecting a growth of about 33.4%[48]. - The total cash and cash equivalents at the end of Q3 2022 stood at CNY 3,317,948,745.81, compared to CNY 2,029,767,879.86 at the end of Q3 2021, marking an increase of approximately 63.5%[48]. - The company reported cash inflow from sales of goods and services of CNY 16,760,319,133.16 for the first three quarters of 2022, compared to CNY 15,341,559,205.33 in 2021, indicating a growth of about 9.2%[47]. Legal and Claims - The company reported a total receivable of 154,069,036.71 RMB from bankruptcy claims against Ningbo Nannan Real Estate Co., Ltd. as of the reporting period[19]. - The company has received a cumulative payment of 98,536,559.26 RMB from a contract dispute with Lankou City Xirui Real Estate Development Co., Ltd. for a total claim of 125,299,046 RMB[16]. - The company has a total claim of 39,432,865 RMB against Ningbo Qianhe Real Estate Co., Ltd. due to a contract dispute, with the court ruling in favor of the company[19]. - The company has received a total of 1.08 billion RMB from a settlement with Cangnan Zhefushuma Digital Home Appliance City Development Co., Ltd. for overdue payments[20]. - The company has a total claim of 38,464,504 RMB against Jilin Baishan Hefeng Real Estate Co., Ltd., with a partial settlement agreed upon[15]. - The company has a cumulative collection of 32,637,690.60 RMB from a contract dispute with Ningbo Guanglong Real Estate Development Co., Ltd.[18]. - The company has a total claim of 530 million RMB against Ningbo Guanglong Real Estate Development Co., Ltd. for construction fees and related costs[18]. - The company has a total claim of 45,517,598.82 RMB against Ningbo Aidi Misi Sports Goods Co., Ltd. for overdue payments, currently in execution[15]. - The company has a total claim of 6,352,726 RMB as ordinary debt against Ningbo Nannan Real Estate Co., Ltd. confirmed by the court[19]. - The company has received a cumulative payment of 17,448,876.60 RMB from a settlement with the Fifth Hospital and Taicang Kanglaite Real Estate Co., Ltd.[20]. - The company has a court ruling requiring Ningbo Jindi Real Estate Co., Ltd. to pay construction fees of CNY 16,166,538 and corresponding interest, with both parties appealing the decision[21]. - The company is pursuing a claim against Huangshan New徽 Investment Co., Ltd. for CNY 10,433,152.32 in construction fees and penalties, but execution is currently suspended due to the lack of enforceable assets[22]. - The company has received a court ruling for CNY 28,904,231 from Henan Baitong Real Estate Co., Ltd., with a total of CNY 4,129,830 collected to date[24]. - The company has a court ruling against Kaifeng New District Greentown Real Estate Co., Ltd. for CNY 26,904,965.11 in construction fees, with a total of CNY 34,802,368.89 executed in July 2022[27]. - The company is pursuing a claim against Anshun Transportation Construction Investment Co., Ltd. for CNY 140,122,596.46 in construction fees and CNY 10,595,879.67 in penalties, with a court ruling issued in March 2022[29]. - The company has a court ruling against Ningbo Ridi Solar Power Co., Ltd. for CNY 11,276,519 in construction fees, but the company has filed for a retrial[23]. - The company has a court ruling requiring Jiangxi Legend Real Estate Co., Ltd. to pay CNY 10,614,605, with part of the debt settled through property offsets[25]. - The company has a court ruling against Ningbo Jia Long Heng Ye Investment Management Co., Ltd. for CNY 13,065,911.30 in construction fees, with ongoing appeals[28]. - The company has initiated arbitration against Cixi Drainage Co., Ltd. for CNY 24,816,393.80 in construction fees, with partial payments received[26]. - The company has a court ruling against Ningbo Yongbang Real Estate Co., Ltd. for CNY 8,346,560 in construction fees, with CNY 6,117,515.78 collected to date[22]. - The company has initiated lawsuits against multiple clients for overdue payments, including claims of ¥27,153,859 from Wenzhou Ouhai Avenue Construction Development Co., Ltd. and ¥128,003,174.40 from Yuyao Shengjian Real Estate Co., Ltd.[26][27]. Strategic Initiatives - The company signed major contracts totaling ¥123,134.75 million for the Wuling Avenue Rapid Road project and ¥97,999.79 million for the Dongbu New City Core Area project, reflecting ongoing market expansion efforts[36][37]. - The company’s subsidiary, Ningbo Construction Engineering Group Co., Ltd., has signed contracts for various infrastructure projects, indicating a robust project pipeline and revenue potential[36][37]. - The company is actively seeking to recover overdue payments through legal channels, with multiple cases currently under litigation across different jurisdictions[26][27][34]. - The company continues to engage in strategic legal actions to protect its financial interests and ensure the collection of outstanding receivables[26][27][33]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 336,264,833.23, slightly down from CNY 345,839,611.88 in 2021[43].