宁波建工(601789) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 5,671,539,643.37, representing a decrease of 0.43% compared to the same period last year[6] - The net profit attributable to shareholders was CNY 84,313,082.73, down 13.03% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 70,585,887.41, a decline of 22.60% compared to the previous year[6] - The basic earnings per share for the period was CNY 0.0735, reflecting a decrease of 9.59% year-on-year[6] - Operating profit for Q1 2024 was ¥92,935,398.89, compared to ¥128,180,056.96 in Q1 2023, reflecting a decline of 27.5%[40] - Net profit for Q1 2024 was ¥84,027,431.13, down 15.3% from ¥99,284,944.44 in Q1 2023[41] Assets and Liabilities - Total assets at the end of the period amounted to CNY 27,924,576,159.37, down 2.07% from the end of the previous year[7] - Total liabilities decreased to ¥22,575,578,598.52 in Q1 2024 from ¥23,250,930,136.80 in Q1 2023, a reduction of 2.9%[38] - Total assets amounted to ¥27,924,576,159.37 in Q1 2024, down from ¥28,515,555,266.52 in Q1 2023, indicating a decrease of 2.1%[38] Cash Flow - The company reported a net cash flow from operating activities of CNY -2,152,082,183.74, which is not applicable for comparison[6] - Net cash flow from operating activities for Q1 2024 was -CNY 2,152,082,183.74, compared to -CNY 1,119,051,344.73 in Q1 2023, reflecting a worsening of 92.2% year-over-year[44] - Total cash inflow from operating activities in Q1 2024 was CNY 7,605,613,015.67, down 3.8% from CNY 7,906,928,987.15 in Q1 2023[43] - Cash outflow from operating activities increased to CNY 9,757,695,199.41 in Q1 2024, compared to CNY 9,025,980,331.88 in Q1 2023, representing an increase of 8.1%[43] - Cash inflow from financing activities in Q1 2024 was CNY 2,364,155,000.00, up from CNY 1,740,400,000.00 in Q1 2023, marking an increase of 35.8%[44] - Net cash flow from financing activities improved to CNY 1,102,467,613.06 in Q1 2024, compared to CNY 502,286,847.17 in Q1 2023, an increase of 119.8%[44] Shareholder Information - Total number of common shareholders at the end of the reporting period is 88,077[11] - The largest shareholder, Ningbo Transportation Investment Group Co., Ltd., holds 292,000,000 shares, accounting for 26.87% of total shares[11] - The second largest shareholder, Ningbo Ningju Asset Management Center, holds 19,600,000 shares, representing 1.80%[11] Legal Matters - The company has ongoing litigation with Jilin Baishan Hefeng Real Estate Co., Ltd. regarding a construction contract, with a disputed amount of 38,464,504.00 RMB[13] - The company is also involved in a dispute with Ningbo Xiangge Real Estate Development Co., Ltd., with a confirmed outstanding amount of 32,200,000.00 RMB as of June 26, 2014[14] - The company has a claim of 39,432,865 RMB against Ningbo Qianhe Real Estate Co., Ltd. due to a construction contract dispute, which is currently under bankruptcy proceedings[17] - The company has received 39,168,885.59 RMB from the bankruptcy claim against the Fifth Hospital and Taicang Kanglaite Real Estate Co., Ltd.[17] - The company is pursuing a claim of 16,166,538 RMB against Ningbo Jindi Real Estate Co., Ltd. for unpaid construction fees, with ongoing legal proceedings[18] Financial Metrics - The weighted average return on equity at the end of the period was 1.84%, a decrease of 0.28 percentage points from the previous year[7] - Significant changes in financial metrics included a 53.97% decrease in receivables financing and a 71.79% increase in prepayments due to higher material procurement and labor costs[9] - Research and development expenses increased to ¥105,873,916.96 in Q1 2024 from ¥86,566,038.03 in Q1 2023, marking a rise of 22.3%[40] Current Assets - As of March 31, 2024, the company's total current assets amount to ¥20,610,030,849.81, a decrease from ¥21,505,997,097.91 as of December 31, 2023[36] - The company's cash and cash equivalents decreased to ¥3,992,840,283.39 from ¥5,201,419,101.39[36] - Accounts receivable stood at ¥4,389,990,944.07, down from ¥4,571,408,659.01[36] - The company has a total of ¥927,640,872.87 in other current assets as of March 31, 2024[36]