宁波建工(601789) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥5,060,092,360.34, a decrease of 10.78% compared to ¥5,671,539,643.37 in the same period last year[5] - Net profit attributable to shareholders was ¥75,463,975.06, down 10.50% from ¥84,313,082.73 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥68,193,809.61, a decrease of 3.39% compared to ¥70,585,887.41 in the previous year[5] - The basic earnings per share decreased by 11.02% to ¥0.0654 from ¥0.0735 in the same period last year[6] - Total revenue for Q1 2025 was ¥5,060,092,360.34, a decrease of 10.8% compared to ¥5,671,539,643.37 in Q1 2024[49] - Total operating costs for Q1 2025 were ¥4,942,073,668.61, down 11.6% from ¥5,592,013,973.75 in Q1 2024[49] - Operating income for Q1 2025 was ¥118,018,691.73, compared to a loss in Q1 2024[49] - The net profit for Q1 2025 was CNY 75,525,328.18, a decrease of 10.8% compared to CNY 84,027,431.13 in Q1 2024[50] - The total comprehensive income for Q1 2025 was CNY 75,525,328.18, compared to CNY 84,027,431.13 in Q1 2024[50] - The company reported a net investment loss of ¥369,202.50 in Q1 2025, compared to a gain of ¥3,344,136.86 in Q1 2024[49] - The company experienced a decrease in sales revenue from CNY 6,615,229,093.15 in Q1 2024 to CNY 5,752,324,724.81 in Q1 2025, reflecting a decline of 13.0%[52] - The company’s total profit for Q1 2025 was CNY 97,197,009.06, down from CNY 106,266,007.23 in Q1 2024, representing a decrease of 10.0%[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥30,591,400,000.92, down 4.51% from ¥32,035,262,076.88 at the end of the previous year[6] - Current liabilities totaled ¥22,152,829,203.04, a decrease of 7.3% from ¥23,886,820,139.65[46] - Long-term borrowings increased to ¥2,180,187,465.55 from ¥1,970,677,465.55, reflecting a growth of 10.6%[46] - Cash and cash equivalents decreased to ¥1,260,047,169.34 from ¥1,098,084,272.63, a decline of 14.7%[46] - The company has a total of 4,710,352,205.08 CNY in cash and cash equivalents as of March 31, 2025, down from 5,547,965,925.31 CNY on December 31, 2024, representing a decrease of approximately 14.97%[44] - Accounts receivable decreased to 4,268,168,872.63 CNY as of March 31, 2025, from 5,104,727,901.52 CNY at the end of 2024, indicating a reduction of about 16.36%[44] - The company has a total of 1,741,906,144.11 CNY in other receivables as of March 31, 2025, compared to 1,552,217,340.08 CNY at the end of 2024, reflecting an increase of approximately 12.19%[44] Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.51% to ¥5,057,813,708.83 from ¥4,982,349,733.77 at the end of the previous year[6] - The number of ordinary shareholders at the end of the reporting period was 103,988[10] - The largest shareholder, Ningbo Transportation Investment Group, holds 292,000,000 shares, representing 26.87% of total shares[11] - The company has a total of 11,405,000 shares held by shareholder Wu Qingsheng, accounting for 1.05%[11] Legal Disputes - The company is involved in multiple legal disputes, including a construction contract dispute with Jilin Baishan Hefeng Real Estate, with a claim amount of 38,464,504.00 RMB[12] - The company has a claim of 32,200,000 RMB against Ningbo Xiangge Real Estate, with a confirmed debt amount of 22,200,000 RMB[13] - The company has received a total of 49,768,885.59 RMB from the Fifth Hospital and Taicang Kanglaite Real Estate in a construction contract dispute[16] - The company has a pending claim of 39,432,865 RMB against Ningbo Qianhe Real Estate, which is currently undergoing bankruptcy proceedings[16] - The company has a total of 16,166,538 RMB in claims against Ningbo Jindi Real Estate, with ongoing legal proceedings[17] - The company has received a total of 32,637,690.60 RMB from Ningbo Guanglong Real Estate in a construction contract dispute[14] - The company has a total of 3,834,785 RMB in claims against Shenghongyong (Jiujiang) Industrial Development in a contract dispute[13] - The company has a total of 8,696,936 RMB in claims against Ningbo Jindi Real Estate, with ongoing enforcement actions[17] - The company has a court ruling requiring Anshun Transportation Construction Investment Co., Ltd. to pay overdue project funds of ¥140,122,596.46 and a penalty of ¥10,595,879.67[20] - The company has received a court ruling confirming that Yuyiao Shengjian Real Estate Co., Ltd. owes project funds of ¥110,741,369.72, with priority recovery rights on auction proceeds[23] - The company has a court ruling against Ningbo Yucheng Real Estate Co., Ltd. for project funds of ¥70,515,386.36, with priority recovery rights on auction proceeds[24] - The company has received a court ruling confirming that Zhoushan Jingshun Real Estate Development Co., Ltd. must pay project funds and a warranty fee totaling ¥20,564,782.57[25] - The company has a court ruling against Ningbo Fenghua Shengjian Real Estate Co., Ltd. for project funds of ¥54,756,170.76, with priority recovery rights on auction proceeds[26] - The company has a court ruling requiring Fenghua Shengjian Real Estate Co., Ltd. to pay project funds of ¥57,261,847.40, with joint liability from Evergrande Real Estate Group[27] - The company has received a court ruling confirming that Zhoushan Aluya Hotel Development Co., Ltd. owes project funds of ¥62,171,140.91, with priority recovery rights on auction proceeds[19] - The company has collected a total of ¥4,129,830 from Henan Baitong Real Estate Co., Ltd. related to a construction contract dispute[18] - The company has filed a lawsuit against Wenzhou Ouhai Avenue Construction Development Co., Ltd. for project funds of ¥10,278,448.4, with a court ruling pending[22] - The company has submitted a claim for debts against Aluya Company in the bankruptcy proceedings, with the amount disputed by Zhejiang Merchants Asset Management Company[19] - The company is pursuing a lawsuit against Ningbo Suihua Real Estate Co., Ltd. for a total of 132,113,647.39 CNY in construction payments and corresponding overdue interest, with a court ruling in favor of the company for priority repayment rights[28] - The company has filed a lawsuit against Ningbo Jingshun Real Estate Co., Ltd. for a total of 19,810,351.48 CNY in construction payments, with the court ruling granting priority repayment rights within this amount[29] - The company is seeking arbitration against Zhengzhou Hangjia New Energy Co., Ltd. for overdue construction payments totaling 199,662,304.72 CNY, with interest losses and legal fees also being claimed[30] - The company has successfully obtained a court ruling for 80,815,980.6 CNY in overdue payments from Ningbo Hengyue Real Estate Development Co., Ltd., along with priority repayment rights[31] - The company has been awarded 54,478,214.14 CNY in overdue payments from Ningbo Yongyao Real Estate Co., Ltd., with priority repayment rights established[32] - The company has received a ruling for 73,997,377.80 CNY in damages from Jiangxi Hongdian Real Estate Co., Ltd., along with additional claims for renovation payments[33] - The company is pursuing a claim against Dongqianhu Cultural Tourism Development Group Co., Ltd. for 129,815,289 CNY in overdue payments and interest, with a court ruling pending[34] - The company has filed for arbitration against Xixian Bitian Real Estate Co., Ltd. for overdue payments totaling 38,408,354.99 CNY[35] - The company has secured a court ruling for 59,540,402.56 CNY in remaining construction payments from Ningbo Fenghua Shengjian Real Estate Co., Ltd., with joint liability established for Evergrande Real Estate Group[36] - The company has been awarded a court ruling for 100,000,000 CNY in principal repayment from Kunming Urban Construction Investment Development Co., Ltd., with interest also to be paid[36] Expenses - The company reported a significant increase in sales expenses by 46.53% due to higher technical service fees compared to the previous year[8] - Research and development expenses decreased to ¥83,259,869.10 in Q1 2025 from ¥105,873,916.96 in Q1 2024, a reduction of 21.4%[49] Contracts and Projects - The company has signed significant contracts, including a project with a total contract value of 733.44 million CNY for the Wenzhou Ocean Economic Development Demonstration Zone[41] - The company has a contract with Huzhou Chuantou Feng'an Development Co., Ltd. for a project valued at 424 million CNY[41] - The company has a pending lawsuit against Ningbo Yudu Real Estate Co., Ltd. for overdue construction payments totaling 342,082,185.20 CNY[39]