香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00548） 2023 年第三季度報告 | --- | |----------------------------------------------------------------------------| | | | 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.09(2) 、 13.10B | | 求項下的披露責任而作出。 | | 本季度報告乃依照中國證券監督管理委員會及上海證券交易所關於上市公司季度報 | | 告信息披露的有關規定編製。本季度報告所載的財務資料未經審計。本公司股東及公 | | 眾投資者在買賣本公司股份時應審慎操作。 | 一、 重要提示 1.1 深圳高速公路集團股份有限公司（「本公司」或「公司」）董事會、監事會及董事、 監事、高級管理人員保證季度報告內容的真實、準確、完整，不存在虛假記載、誤 導性陳述或者重大遺漏 ...

Financial Performance - For the first half of 2023, Shenzhen Expressway Corporation Limited reported a revenue of RMB 1.2 billion, representing a year-on-year increase of 15%[1]. - The net profit attributable to shareholders for the same period was RMB 450 million, up 20% compared to the previous year[1]. - The company's operating revenue for the first half of 2023 was RMB 4,124,879,965.28, representing a 0.75% increase compared to RMB 4,094,093,645.65 in the same period of 2022[36]. - Net profit attributable to shareholders for the first half of 2023 was RMB 929,275,101.01, a 9.49% increase from RMB 848,711,632.68 in the previous year[36]. - The company's total assets as of June 30, 2023, were RMB 68,161,615,739.87, a decrease of 1.51% from RMB 69,204,698,015.50 at the end of 2022[36]. - The net assets attributable to shareholders decreased by 2.47% to RMB 20,822,028,588.00 from RMB 21,348,467,566.83 at the end of 2022[36]. - The company's operating revenue for the reporting period reached RMB 4,124,880 thousand, a year-on-year increase of 0.75%, primarily driven by the recovery in traffic volume on subsidiary toll roads, with toll revenue increasing by 17.34% after excluding the impact of the Wuhuang Expressway[102][104]. - The company reported a net profit attributable to shareholders of RMB 929,275 thousand in the first half of 2023, a year-on-year increase of 9.49% compared to RMB 848,712 thousand in the same period of 2022[99]. Traffic and Operations - The average daily traffic volume on expressways increased by 12% year-on-year, reaching 1.5 million vehicles per day[1]. - User satisfaction ratings for the expressway services improved to 85%, reflecting enhanced customer service initiatives[1]. - Daily average traffic volume on toll roads in the Guangdong-Shenzhen area increased significantly, with Meiguan Expressway seeing a 22.9% year-on-year increase in traffic volume[63]. - The average daily traffic volume and toll revenue for the Outer Ring project grew by 33.7% and 29.0% respectively during the reporting period[66]. - The operational performance of the Qinglian Expressway showed a recovery in traffic volume due to the normalization of production and living orders along the route[67]. - The Yangmao Expressway experienced significant growth in passenger vehicle traffic, benefiting from the opening of surrounding roads and government policies promoting tourism[67]. Expansion and Development Plans - The company plans to expand its expressway network by 10% over the next two years, focusing on key regions in Guangdong province[1]. - Future guidance indicates a projected revenue growth of 10-12% for the full year 2023, driven by increased traffic and new projects[1]. - The company is actively pursuing the construction of external ring projects and the expansion of existing highways to enhance its asset portfolio[51]. - The total estimated investment for the Outer Ring Phase III project is approximately RMB 8.447 billion, with the board approving continued investment in July 2023[71]. - The company is entering the solid waste resource treatment and clean energy sectors, establishing environmental and new energy companies as investment management platforms[76]. Environmental Initiatives - Shenzhen Expressway has committed to reducing carbon emissions by 15% by 2025 through sustainable practices and technology upgrades[1]. - The company is involved in the development and operation of clean energy systems, including wind power and waste management, indicating a focus on sustainability[35]. - The company is focusing on solid waste resource treatment and clean energy generation, aligning with national policies supporting environmental initiatives[52]. - The company’s subsidiary, Lande Environmental, operates 20 organic waste treatment BOT/PPP projects, with a design processing capacity exceeding 6,900 tons per day, positioning it among the leaders in the domestic industry[55]. Financial Management and Investments - The company has a diversified investment structure, including 100% ownership in several highway companies and significant stakes in various infrastructure and environmental projects[35]. - The company plans to invest approximately 9.279 billion RMB in capital expenditures by the end of 2025, focusing on various engineering projects and acquisitions[136]. - The company has a total of RMB 1.08 billion in financial assets measured at fair value, with a fair value change gain of RMB 100.43 million during the reporting period[144]. - The company has maintained a AAA credit rating domestically and an investment-grade rating internationally, ensuring favorable financing conditions[140]. Shareholder and Corporate Governance - The total number of shares issued by the company is 2,180,770,326, with 1,433,270,326 A-shares listed on the Shanghai Stock Exchange, accounting for approximately 65.72% of the total share capital, and 747,500,000 H-shares listed on the Hong Kong Stock Exchange, accounting for approximately 34.28%[186]. - The largest shareholder holds approximately 30.03% of the company's shares, with Shenzhen International being the indirect controlling shareholder since December 2008[33]. - The company has adhered to corporate governance practices in compliance with both Shanghai and Hong Kong stock exchange regulations[181]. - The company has engaged in 40 investor inquiries through various communication channels in the first half of 2023[182]. Challenges and Risks - The container throughput at Shenzhen Port decreased year-on-year, impacting truck traffic volume in the region[66]. - The company’s subsidiary, Deep-Shan Qiantai, faced challenges in battery recycling and scrap vehicle recovery due to fluctuating market prices, impacting its performance in the first half of 2023[81]. - The revenue from dismantling and battery recycling fell by 26.12%, influenced by a decline in raw material prices in the lithium battery industry[105]. Employee and Training Initiatives - The company has a total of 7,025 employees as of June 30, 2023, including 2,341 management and professional staff and 4,684 frontline workers[183]. - The company organized 179 training sessions during the reporting period, with a total of 5,147 participants in offline training and 6,125 views for online training sessions[183].

[3 -> 29] 大家好欢迎参加升高速2023年中期业绩说明会今天出席业绩说明会的管理层是执行董事兼总裁廖湘文先生大家好独立董事妙君先生总会计师兼董事会秘书赵贵平女士副总裁黄碧南女士以及副总裁温破伟先生 [30 -> 59] 今天的會議將分為兩個環節第一是報告環節由管理層為大家報告升高速2023年上半年的業績情況分享經營狀況並介紹下半年的工作部署第二是問答環節現場和線上的參會來賓在此環節可以向管理層提問管理層將進行解答首先讓我們進入報告環節有請總會計師兼董秘趙貴平女士 [61 -> 88] 各位投资者分析师和媒体朋友们大家好我是升高速总会计师兼董秘赵贵平首先由我向大家汇报升高速2023年半年度的经营业绩和财务状况2023上半年集团实现营业收入41.2亿元同比增长0.75%实现净利润9.3亿元同比上升9.5% [89 -> 109] 每股收益0.384元同比上升10.66%主要为集团经营和投资的收费公路车流量恢复性增长和所持外币债务相关汇兑损失有所减少等原因其中收费公路实现收入26亿元收入占比63% [109 -> 137] 仍是集團最大的收入來源路費收入同比上升7.8%主要是隨車流量恢復性增長而增加以及五黃 ...

Financial Performance - The group achieved operating revenue of RMB 4,124,880,000 in the first half of 2023, a year-on-year increase of 0.75% compared to RMB 4,094,094,000 in the same period of 2022[5]. - Net profit attributable to shareholders of the parent company reached RMB 929,275,000, representing a year-on-year increase of 9.49% from RMB 848,712,000 in the first half of 2022[5]. - Road toll revenue increased by 17.34% year-on-year, contributing to the overall revenue growth[5]. - Basic earnings per share for the first half of 2023 were RMB 0.384, up 10.66% from RMB 0.347 in the same period of 2022[6]. - The weighted average return on equity increased by 0.96 percentage points to 4.85%[6]. - The group achieved a revenue of approximately RMB 4.125 billion in 2023, representing a year-on-year growth of 0.75%[23]. - Toll revenue accounted for RMB 2.599 billion, making up 63.01% of the total revenue, while clean energy and solid waste resource processing contributed RMB 0.752 billion, or 18.24%[23]. - The company reported a total profit of RMB 1,201,068,449.34, up 12.09% from RMB 1,071,487,998.43 in the first half of 2022[137]. - The total comprehensive income for the first half of 2023 was RMB 567,056,246.06, compared to RMB 509,453,102.64 in the same period last year, an increase of 11.29%[137]. Assets and Liabilities - The group's total assets as of June 30, 2023, were RMB 68,161,615,739.87, a decrease of 1.51% from RMB 69,204,698,015.50 at the end of 2022[6]. - The total outstanding interest-bearing liabilities decreased by approximately 0.25% to 33,247,088 thousand RMB as of June 30, 2023, mainly due to loan repayments during the reporting period[84]. - The company's asset-liability ratio was 60.78%, slightly up from 60.46% at the end of the previous year[91]. - The net debt-to-equity ratio stood at 111.01%, compared to 110.12% at the end of the previous year[91]. - The company reported a net current asset of -14,594 million RMB, a decrease of 648 million RMB from -13,946 million RMB at the end of the previous year[94]. - The total liabilities related to contract obligations increased by 238.51% to 102,681 thousand RMB compared to the previous year[85]. Cash Flow - The net cash flow from operating activities was RMB 1,903,351,786.08, reflecting a significant increase of 19.52% compared to RMB 1,592,514,611.01 in the first half of 2022[6]. - The net cash inflow from investment activities was 461,869 thousand RMB, a significant increase of 3,083,588 thousand RMB year-on-year, primarily due to the recovery of financial product investments[82]. - The net cash flow from financing activities was negative at RMB 2,005,187,074.32, compared to a positive RMB 1,016,160,256.48 in the first half of 2022[139]. - Cash inflow from investment activities totaled RMB 2,645,877,529.36, significantly higher than RMB 617,768,699.02 in the first half of 2022[139]. Shareholder Information - The board proposed not to distribute an interim dividend for 2023, consistent with the decision for the same period in 2022[4]. - As of the end of the reporting period, the total number of shareholders was 17,090, with the top 10 shareholders holding significant stakes[8]. - The largest shareholder, HKSCC NOMINEES LIMITED, held 33.47% of the shares, followed by Xintong Industrial Development (Shenzhen) Co., Ltd. with 30.03%[8]. Business Operations - The company primarily engages in the investment, construction, and management of toll roads and environmental protection businesses, focusing on solid waste resource processing and clean energy[9]. - The company operates 16 toll road projects with a controlling interest covering approximately 643 kilometers, primarily located in Shenzhen and the Guangdong-Hong Kong-Macao Greater Bay Area[15]. - The company is actively advancing the construction of external ring projects and the expansion of the Guangshen Expressway, continuously enhancing its quality road assets[15]. - The company has developed a road network monitoring and command scheduling system platform, which is now operational, providing an information application platform for network operation monitoring and management[15]. Environmental Initiatives - The company has strategically entered the environmental protection industry, focusing on solid waste resource treatment and clean energy generation, supported by national policies[16]. - The company’s subsidiary, Lande Environmental, operates 20 organic waste treatment BOT/PPP projects, with a processing capacity exceeding 6,900 tons per day, positioning it among the industry leaders[18]. - The Guangming Environmental Park project in Shenzhen is designed to process 1,000 tons/day of organic waste, 100 tons/day of bulky waste, and 100 tons/day of green waste, with 83.26% of civil engineering and 65% of equipment installation completed, expected to be finished within the year[36]. Strategic Development - The company plans to focus on the "Twelve Five" development strategy, emphasizing high-quality development in the toll road and environmental protection sectors[112]. - Key initiatives for the second half of 2023 include enhancing operational efficiency in toll road management and advancing major engineering projects[112]. - The company aims to explore investment opportunities in high-quality toll road projects and develop land resources along highways[112]. Financial Management - The company is focusing on enhancing financial digital transformation and optimizing financial management through a shared financial center and centralized capital control platform[113]. - The company is actively exploring diversified financing channels to support major engineering projects, aiming to optimize capital structure and reduce financial risks[113]. - The company has issued bonds and other financing tools to optimize its debt structure and reduce financing costs[98]. Market Conditions - In the first half of 2023, China's GDP reached 59.30 trillion yuan, with a year-on-year growth of 5.5%, indicating a stable economic recovery[12]. - The government plans to expand the national expressway network to 190,000 kilometers by 2025, creating further development opportunities for the expressway industry[14].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00548） 2023 年第一季度報告 | --- | |--------------------------------------------------------------------------------| | | | 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.09(2) 、 13.10B 條及相關要 | | 求項下的披露責任而作出。 | | 本報告乃依照中國證券監督管理委員會及上海證券交易所關於上市公司季度報告信 | | 息披露的有關規定編製。本報告所載的財務數據未經審計。本公司股東及公眾投資者 | | 在買賣本公司股份時應審慎操作。 | 一、 重要提示 1.1 深圳高速公路集團股份有限公司（「本公司」或「公司」，與其附屬公司統稱為「本 集團）或「集團」）董事會、監事會及董事、監事、高級管理人員保證季度報告內 容的真實 ...

深圳高速公路集團股份有限公司 SHENZHEN EXPRESSWAY CORPORATION LIMITED (在中華人民共和國註冊成立的股份有限公司) (股份代號：600548（上交所）00548（聯交所）) 2022 年 度 報 告 有關前瞻性陳述之提示聲明： 除事實陳述外，本報告中還包括了某些本公司預計或期待未來可能發生的（包括但 不限於）預測、目標、估計及計劃等「前瞻性陳述」。前瞻性陳述涉及一些通常或特 別的已知和未知的風險與不明朗因素，受此影響，本公司未來的實際結果可能會 與這些前瞻性陳述出現重大差異。任何人需審慎考慮上述及其他因素，並不可完 全依賴公司的前瞻性陳述。此外，本公司聲明，本公司沒有義務因新信息、未來 事件或其他原因而對本報告中的任何前瞻性陳述公開地進行更新或修改；本公司 及其任何員工或連絡人並未就公司的未來表現作出任何保證聲明及不為任何該等 聲明負責。 本公司董事會、監事會及董事、監事、高級管理人員保證本年 度報告內容的真實、準確、完整，不存在虛假記載、誤導性陳 述或者重大遺漏，並承擔個別和連帶的法律責任。 深國際集團成員 DDSTHERS 目錄 | --- | --- | --- | ...

Financial Performance - The company reported a total operating revenue of RMB 9,372,583,000 for 2022, a decrease of 13.93% compared to RMB 10,889,581,000 in 2021[5]. - Net profit attributable to shareholders was RMB 2,014,112,000, down 22.92% from RMB 2,613,119,000 in the previous year[5]. - Basic earnings per share for 2022 were RMB 0.838, a decline of 24.71% compared to RMB 1.113 in 2021[6]. - The company experienced a decrease in cash flow from operating activities, which amounted to RMB 3,369,490,111.19, down 10.32% from RMB 3,757,315,986.90 in 2021[6]. - The weighted average return on equity for 2022 was 9.93%, a decrease of 1.60 percentage points from 11.53% in 2021[6]. - The overall gross margin for toll roads was 43.75%, a decrease of 5.31 percentage points compared to the previous year[74]. - The company achieved a total revenue of approximately 9.373 billion yuan in 2022, a year-on-year decrease of about 13.93%[22]. - Revenue from toll fees was approximately 4.978 billion yuan, accounting for 53.12% of total revenue[22]. - Revenue from clean energy and solid waste resource processing was about 1.757 billion yuan, representing 18.75% of total revenue[22]. Assets and Liabilities - The total assets at the end of 2022 were RMB 69,201,468,263.76, representing a decrease of 4.29% from RMB 72,304,935,166.59 in 2021[6]. - The equity attributable to shareholders decreased by 16.49% to RMB 21,346,287,718.08 from RMB 25,560,589,952.65 in 2021[6]. - The company's total liabilities increased slightly to RMB 41.84 billion in 2022 from RMB 40.77 billion in 2021, an increase of approximately 2.6%[170]. - The debt-to-asset ratio increased to 60.46% at the end of 2022, up from 56.39% at the end of 2021, indicating a rise in financial leverage[97]. - The company's total current liabilities exceeded current assets by RMB 13,946,229,088.15[184]. Dividends and Shareholder Information - The company plans to distribute a final cash dividend of RMB 0.462 per share for the year 2022, totaling approximately RMB 1,007,515,890.61[4]. - The number of shareholders at the end of 2022 was 18,431, with 17,990 being A-shareholders[7]. - The company has maintained a continuous cash dividend distribution for 25 years since its listing, adhering to a policy that aims for a minimum cash dividend ratio of 55% of the net profit attributable to shareholders after certain deductions[116]. Business Strategy and Development - The company primarily engages in toll road and environmental protection business, focusing on investment, construction, and management[11]. - The company's development strategy for the 14th Five-Year Plan (2021-2025) aims for sustainable urban development solutions, emphasizing innovation, intelligence, and efficiency[11]. - The company plans to expand its core businesses in toll roads and environmental protection, leveraging digital technology for operational efficiency[11]. - The company aims to achieve scale growth, structural optimization, and capability enhancement during the 14th Five-Year Plan period[11]. - The company is actively exploring investment opportunities in other solid waste resource treatment areas, supported by national environmental policies[41]. Operational Performance - The company completed a controlling acquisition of Bay Area Development, indirectly holding interests in Guangshen Expressway and Xixian Expressway, further consolidating its toll road asset scale[15]. - The company currently operates 16 toll road projects with a total controlling mileage of approximately 643 kilometers, primarily located in Shenzhen and the Guangdong-Hong Kong-Macao Greater Bay Area, showcasing strong regional advantages[15]. - The company is advancing the application of innovative technologies, including a drone road inspection system to enhance operational management and maintenance capabilities[25]. - The company anticipates a recovery in travel demand in 2023 as the domestic economy regains momentum, leading to a stable development phase for expressway operations[29]. Environmental Initiatives - The environmental protection business includes solid waste resource treatment and clean energy, with increasing demand expected[13]. - The company is focusing on integrating and managing acquired enterprises to enhance overall market competitiveness in the clean energy sector[22]. - The company aims to become a leading player in organic waste treatment, focusing on the organic waste processing sector under the broader environmental industry[41]. - The company is committed to environmental sustainability through various initiatives and projects across different regions[162]. Financial Management - The company plans to continue optimizing its financial strategy and funding arrangements to support future growth[65]. - The company has significant restricted assets, including a pledge of toll rights valued at RMB 26.4 billion[92]. - The company has various pledges and mortgages on assets, including a total of RMB 83 billion in loans secured by 80.27% equity in Shenzhen Investment Control[93]. - The company is committed to maintaining stable development in its dual main businesses through strategic reviews and adjustments[129]. Challenges and Risks - The company is facing challenges in acquiring quality projects in both toll road and environmental sectors due to increased competition and high construction costs[133]. - The group is focusing on risk management by identifying and assessing risks related to policy changes, operational management, investment expansion, financing, and construction management[126]. - The company is in a capital expenditure peak period, requiring careful management of financing risks to support ongoing and new projects[135]. Future Outlook - The company has set its operational goals for 2023, focusing on revenue growth, efficiency improvement, infrastructure strengthening, management optimization, and risk control[121]. - The company plans to invest in wind and solar power projects, creating an integrated clean energy system that includes equipment manufacturing, project development, operation, and financing[120]. - The group plans to invest CNY 2.18 billion in Bay Area development acquisitions in 2023, which includes debt repayment[125].

Financial Performance - Operating revenue for Q3 2022 was RMB 2.42 billion, an increase of 5.45% compared to RMB 2.41 billion in Q3 2021[6] - Net profit attributable to shareholders for Q3 2022 was RMB 716.68 million, a significant increase of 62.46% from RMB 708.36 million in Q3 2021[6] - Basic earnings per share for Q3 2022 rose by 66.78% to RMB 0.307 from RMB 0.303 in Q3 2021[7] - Total operating revenue for the first nine months of 2022 reached RMB 6,646,320,880.31, a slight increase from RMB 6,639,420,774.92 in the same period of 2021[24] - Operating profit for the first nine months of 2022 was RMB 2,523,926,856.20, compared to RMB 2,512,432,877.06 in the previous year, indicating a stable performance[24] - Net profit attributable to shareholders of the parent company was RMB 2,012,856,197.18, up from RMB 1,925,284,133.25 in the same period last year, reflecting a growth of approximately 4.5%[25] - Basic and diluted earnings per share for the first nine months of 2022 were both RMB 0.859, compared to RMB 0.819 in the same period of 2021, showing an increase of 4.9%[25] - The total comprehensive income attributable to shareholders of the parent company was RMB 1,067,425,878.93, down from RMB 2,217,618,067.71 in the same period last year, reflecting market fluctuations[25] - The company reported a significant increase in financial expenses, totaling RMB 1,122,762,658.29, compared to RMB 722,953,292.23 in the previous year, which may impact future profitability[24] Assets and Liabilities - Total assets as of September 30, 2022, were RMB 69.95 billion, a decrease of 3.25% from RMB 72.30 billion as of December 31, 2021[4] - Net assets attributable to shareholders of the listed company decreased by 13.56% to RMB 22.10 billion from RMB 25.56 billion[4] - Total liabilities increased to RMB 42,473,497,058.48 from RMB 40,772,361,268.89, reflecting a growth of about 4.2%[23] - The company's total equity decreased to RMB 27,478,449,722.47 from RMB 31,532,573,897.70, representing a decrease of about 12.8%[23] - As of September 30, 2022, total current assets decreased to RMB 9,893,635,724.02 from RMB 11,282,262,306.50 as of December 31, 2021, representing a decline of approximately 17.5%[22] - The company's cash and cash equivalents decreased to RMB 4,965,383,934.19 from RMB 5,948,688,887.14, a reduction of approximately 16.5%[22] - Long-term receivables increased significantly to RMB 2,143,500,277.19 from RMB 1,116,297,854.71, marking an increase of about 92.0%[22] - The total non-current assets decreased slightly to RMB 60,058,311,056.93 from RMB 61,022,672,860.09, a decline of approximately 1.6%[22] - Inventory increased to RMB 1,486,408,931.62 from RMB 1,338,820,859.08, reflecting an increase of approximately 11.0%[22] - The total amount of contract liabilities decreased to RMB 166,076,853.82 from RMB 219,246,400.33, a decline of approximately 24.2%[23] Cash Flow - Cash flow from operating activities for the first nine months of 2022 was RMB 2.58 billion, a slight decrease of 4.52% from RMB 2.66 billion in the same period of 2021[5] - Cash flow from operating activities generated RMB 2,587,314,668.15, an increase from RMB 2,475,319,558.21 in the previous year, indicating improved operational efficiency[26] - Cash flow from investing activities showed a net outflow of RMB 2,554,941,491.53, compared to a net outflow of RMB 1,880,243,418.44 in the same period last year, highlighting increased investment activities[26] - Cash flow from financing activities resulted in a net outflow of RMB 1,106,442,440.92, contrasting with a net inflow of RMB 910,620,038.91 in the previous year, indicating changes in financing strategies[26] - The company's cash and cash equivalents at the end of the period were RMB 4,481,323,832.32, down from RMB 5,078,125,172.60 at the end of the previous year, indicating a decrease in liquidity[26] Shareholder Information - The total number of shareholders is 18,907, with 18,661 A-share shareholders and 246 H-share shareholders[12] - The top three shareholders hold significant stakes: HKSCC NOMINEES LIMITED at 33.47% (729,988,042 shares), Xintong Industrial Development (Shenzhen) Co., Ltd. at 30.03% (654,780,000 shares), and Shenzhen Shengan Highway Development Co., Ltd. at 18.87% (411,459,887 shares)[12] Project and Investment Activities - The company acquired a 10% stake in Nanjing Sanqiao, increasing its ownership from 25% to 35%, with the transaction valued at approximately RMB 175 million[15] - The total operating revenue from organic waste treatment projects for the first three quarters of 2022 was RMB 117.22 million, with a total treatment volume of 241.62 thousand tons[16] - The Guizhou project of the organic waste treatment had a treatment volume of 28.77 thousand tons and generated operating revenue of RMB 21.44 million from July to September 2022[16] - The company has a 40% stake in the Shuiguan Extension project, which reported daily toll revenue of RMB 205,000 for the period of July to September 2022[14] - The average daily toll revenue for the Guangzhou West Second Ring was RMB 1.31 million, with a 25% ownership stake[14] - The company’s total revenue from the organic waste treatment projects in the first nine months of 2022 was RMB 318.50 million, reflecting a significant operational scale[16] - The average daily toll revenue for the Guangshen Expressway was RMB 7.32 million, with a 45% ownership stake[14] - The company reported a total revenue of RMB 177,404.30 thousand for the Baotou South Wind project in Q3 2022, with a total of 515,129.97 thousand for the first nine months of 2022[18] - Xinjiang Mulei project generated RMB 222,253.60 thousand in revenue for Q3 2022, totaling RMB 632,157.80 thousand for the first nine months of 2022[18] - The company signed a PPP contract for the Jihe Expressway expansion project with a total investment of approximately RMB 43.29 billion, with a construction subsidy of RMB 15 billion from the Shenzhen government[20] - The company plans to invest approximately RMB 12.65 billion annually based on performance evaluations for the operational phase of the Jihe Expressway project[20] Capital Management - The company completed a capital reduction process in the reporting period, impacting previous year's capital surplus[9] - The company issued RMB 4 billion perpetual bonds in 2020, affecting the calculation of earnings per share and return on net assets[8] - The company completed a capital reduction of RMB 3.8 billion for the Yangjiang company, reducing its registered capital from RMB 6.6 billion to RMB 2.8 billion[19] - The company and Vanke Group hold 34.3% and 65.7% stakes in United Land, respectively, and have decided to reduce capital by RMB 3.3 billion to improve capital efficiency[19] - The company issued short-term financing bonds totaling RMB 5 billion with a maturity of 270 days and an interest rate of 1.72%[20] - The company has invested RMB 5.09 billion in wealth management products, with an expected return of RMB 2,237.287 thousand during the reporting period[21]

Financial Performance - Net profit attributable to shareholders for Q1 2022 was RMB 412.72 million, down 24.21% from RMB 544.56 million in Q1 2021[6] - Operating revenue for Q1 2022 was RMB 1.77 billion, representing a decline of 9.65% compared to RMB 1.96 billion in Q1 2021[6] - Basic earnings per share for Q1 2022 were RMB 0.168, down 26.45% from RMB 0.229 in Q1 2021[6] - Total profit for Q1 2022 was RMB 529,627,762.91, down 33.5% from RMB 795,515,287.26 in Q1 2021[22] - The company reported a decrease in sales expenses to RMB 13,367,405.69 in Q1 2022 from RMB 8,930,568.82 in Q1 2021, an increase of 49.5%[22] - Research and development expenses decreased to RMB 9,216,910.23 in Q1 2022 from RMB 13,313,152.62 in Q1 2021, a reduction of 30.5%[22] - Cash flow from operating activities for Q1 2022 was RMB 611.01 million, a decrease from RMB 677.22 million in Q1 2021[5] - Cash flow from operating activities in Q1 2022 was RMB 611,009,879.13, compared to RMB 653,589,324.46 in Q1 2021, reflecting a decline of 6.5%[23] - The company's diluted earnings per share for Q1 2022 was RMB 0.168, down from RMB 0.229 in Q1 2021, a decrease of 26.6%[22] Assets and Liabilities - Total assets as of March 31, 2022, were RMB 71.61 billion, a decrease of 0.97% from RMB 72.31 billion as of December 31, 2021[4] - Total liabilities rose to RMB 41,732,854,270.34 from RMB 40,772,361,268.90, an increase of approximately 2.36%[21] - The company's total equity decreased to RMB 29,881,260,812.81 from RMB 31,539,698,547.18, a reduction of approximately 5.27%[21] - As of March 31, 2022, total current assets decreased to RMB 11,008,536,419.31 from RMB 11,282,262,306.50, a decline of approximately 2.42%[20] - Short-term borrowings increased significantly to RMB 8,383,107,882.55 from RMB 4,120,586,329.34, representing a growth of about 103.00%[21] - Long-term receivables surged to RMB 2,012,245,352.20 from RMB 1,116,297,854.71, marking an increase of approximately 80.66%[20] - The company's cash and cash equivalents increased to RMB 6,208,171,389.99 from RMB 5,948,688,887.14, reflecting a growth of about 4.37%[20] - The inventory level increased to RMB 1,371,338,750.16 from RMB 1,338,820,859.08, reflecting a growth of about 2.43%[20] - The capital reserve decreased to RMB 6,121,968,091.85 from RMB 8,864,157,411.51, a drop of about 30.93%[21] Shareholder Information - The total number of shareholders as of the reporting period was 18,727, with 18,489 being A-share shareholders and 238 being H-share shareholders[9] - The top shareholder, HKSCC Nominees Limited, held 33.48% of shares, totaling 730,176,042 shares[10] Operational Highlights - The company experienced a decrease in toll revenue due to the impact of the pandemic and the opening of the Guanglian Expressway, which diverted traffic[6] - The average daily mixed vehicle traffic for the Meiguan Expressway was 113, with daily toll revenue of RMB 320,000 for Q1 2022[13] - The average daily toll revenue for the Longda Expressway was RMB 310,000, with an average daily mixed vehicle traffic of 114 in Q1 2022[13] - The total organic waste processing volume for the group was 182.58 thousand tons, generating operating revenue of RMB 76.794 million in Q1 2022[16] - The wind power projects generated a total of 415,000 MWh of electricity, with wind power business revenue amounting to RMB 131.397 million in Q1 2022[17] - The company holds a 67.14% stake in Land Environmental, which operates 11 commercial projects for kitchen waste treatment[16] - The company has a 100% stake in the Guizhou project, processing 27.02 thousand tons of organic waste and generating RMB 19.422 million in revenue in Q1 2022[16] - The company has a 20% stake in the Huai'an Zhongheng project, which generated no revenue in Q1 2022[17] - The company completed the acquisition of 100% equity of Shenzhen Investment Control Infrastructure for a total estimated cost not exceeding HKD 10.479 billion, indirectly holding approximately 71.83% of Bay Area Development[18] - The company has completed the equity transfer related work for acquiring 70% of Lishai Environmental, which was included in the consolidated financial statements from April 20, 2022[19] Other Financial Information - The company reported non-operating income and expenses, with a total impact of RMB -1.44 million from non-recurring profit and loss items[7] - The company's total cash inflow from financing activities in Q1 2022 was RMB 8,707,578,372.69, an increase of 26.5% from RMB 6,861,943,232.49 in Q1 2021[23] - The company recorded a foreign exchange impact on cash and cash equivalents of RMB -11,980,046.41 in Q1 2022, compared to RMB 12,763,012.51 in Q1 2021[23]