NB CONSTRUCTION(SH:601789)2023-04-17 16:00Financial Performance - The company achieved an operating revenue of CNY 21.87 billion in 2022, representing a year-on-year increase of 2.56%[24]. - The net profit attributable to shareholders decreased by 16.10% to CNY 348.79 million, while the net profit excluding non-recurring gains and losses increased by 39.75% to CNY 253.85 million[24]. - The company’s total assets grew by 18.90% to CNY 24.77 billion, and the net assets attributable to shareholders increased by 30.89% to CNY 5.07 billion[24]. - Basic earnings per share fell by 24.89% to CNY 0.3033, while diluted earnings per share decreased by 22.80% to CNY 0.3033[25]. - The weighted average return on equity decreased by 3.79 percentage points to 8.27%, while the return on equity excluding non-recurring gains and losses increased by 0.93 percentage points to 5.83%[25]. - The company reported a net profit of CNY 3.66 billion for the year, a decrease of 17.18% compared to the previous year[35]. - The company reported a total revenue of 11.57 billion CNY for the year 2022, reflecting a decrease of 1.9% compared to the previous year[116]. - The net profit attributable to shareholders was 1.22 billion CNY, which represents a decline of 18.1% year-over-year[116]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total share capital of 1,086,798,590 shares[6]. - The company has not proposed any capital increase or stock dividend, opting to retain undistributed profits for the next fiscal year[6]. - The board approved a plan to increase the dividend payout ratio to 30% of net profit, reflecting a commitment to returning value to shareholders[125]. - The cash dividend policy stipulates that the company should distribute at least 30% of the average distributable profit over the last three years in cash dividends, with a minimum of 10% of the current year's distributable profit[142]. Audit and Compliance - The company received a standard unqualified audit report from Da Xin Accounting Firm[5]. - The company’s financial report has been confirmed for its authenticity and completeness by the responsible executives[5]. - The company has not faced any penalties from regulatory bodies in the past three years, indicating a strong compliance record[127]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting of significant decisions and events[112]. - The company’s annual report emphasizes the importance of compliance with the Securities Law and the Shanghai Stock Exchange listing rules[112]. Operational Highlights - The company undertook business contracts worth CNY 30.05 billion, reflecting a year-on-year growth of 14.49%[35]. - The total contract value for the general contracting segment reached CNY 28.08 billion, marking a 15.11% increase year-on-year[35]. - The company has established a horizontal marketing system that integrates general contracting and specialized subcontracting to enhance its market presence[46]. - The company has a complete and compact industrial chain covering surveying, design, construction, municipal engineering, and more[50]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the market[72]. Research and Development - The company obtained 165 new patents, including 43 invention patents, and established one new academician workstation during the reporting period[39]. - The total R&D expenditure was 510,778,038.23 yuan, which accounted for 2.34% of the operating income[63]. - The company is committed to increasing its investment in research and development, particularly in advanced construction technologies and smart building systems[104]. - The company has allocated RMB 200 million for research and development in new technologies for sustainable construction practices[123]. Market Expansion and Strategy - The company plans to continue focusing on high-quality development and enhancing operational efficiency in response to the complex market environment[35]. - The company plans to accelerate its expansion into other provinces, aiming to increase its regional market share through collaboration with allied units[102]. - The company is focusing on strengthening its total contracting capabilities across four major business segments: construction, municipal, installation, and steel structure[103]. - The company plans to expand its market presence in Southeast Asia, targeting a revenue contribution of 10% from this region by 2025[123]. Legal and Litigation Matters - The company has ongoing litigation involving claims for unpaid project funds totaling approximately ¥440,195,892.82 and a performance bond of ¥9,000,000[168]. - The company has filed a lawsuit against Ningbo Hengyue Real Estate Development Co., Ltd. for overdue project payments of ¥85,823,993.50 and interest of ¥6,846,967.62[168]. - The company has reported a total of 17 ongoing litigation and arbitration cases during the reporting period[168]. - The company is actively managing its litigation risks and has established a strategy for debt recovery through legal channels[167]. Employee and Workforce Management - The company has a workforce with 2,493 individuals holding a bachelor's degree or higher, accounting for 47.14% of the total[50]. - The total number of employees in the parent company is 34, while the main subsidiaries employ 5,255, resulting in a total of 5,289 employees[137]. - The company has a total of 3,308 technical personnel, representing approximately 62.5% of the total workforce[137]. - The company emphasizes a competitive salary structure to align employee interests with corporate performance, ensuring a balance between incentives and responsibilities[139]. Environmental and Social Responsibility - The company invested 336.95 million yuan in environmental protection during the reporting period[156]. - The company reduced carbon emissions by 98 tons through measures such as promoting green construction and developing prefabricated buildings[158]. - Total donations and public welfare projects amounted to 632.20 million yuan, benefiting approximately 10,000 people[158]. - The company invested 220.18 million yuan in poverty alleviation and rural revitalization projects, benefiting around 8,900 people[159].