成都高速(01785)发布2025年中期业绩，收入14.17亿元(人民币，下同)，同比增加0.48%;归母净利润2.62 亿元，同比减少9.9%;每股基本收益0.16元。 ...

智通财经APP讯，成都高速(01785)发布2025年中期业绩，收入14.17亿元(人民币，下同)，同比增加 0.48%;归母净利润2.62亿元，同比减少9.9%;每股基本收益0.16元。 ...

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之內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全 部 或 任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Chengdu Expressway Co., Ltd. 成都高速公路股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：01785） 2025年中期業績公告 成 都 高 速 公 路 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈 本 公 司 及 附 屬 公 司（「本集團」）截 至2025年6月30日 止 六 個 月 期 間 未 經 審 計 業 績 公 告。本 公 告 刊 載 本公司2025年 中 期 報 告 全 文，符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則 中 有 關 中 期 業 績 初 步 公 告 附 載 的 資 料 要 求，並 經 本 公 司 董 事 會 審 計 與 風 險 管 理 委 員 會 審 閱。本 公 司2025年中期報告將於2025年9月 ...

Group 1 - The company, Chengdu Expressway (01785.HK), announced that it will hold a board meeting on August 27, 2025, to review and approve the unaudited interim results for the six months ending June 30, 2025, and to consider the declaration of an interim dividend, if any [1]

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通告之內容概不 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 就 因 本 通 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 Chengdu Expressway Co., Ltd. 成都高速公路股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 代表董事會 成都高速公路股份有限公司 楊 坦 董事長 中 國 成 都，2025年8月11日 於 本 通 告 日 期，本 公 司 董 事 會 包 括 執 行 董 事 楊 坦 先 生、丁 大 攀 先 生 及 夏 煒 先 生；非 執 行 董 事 吳 海 燕 女 士 及 蔣 欣 良 先 生；以 及 獨 立 非 執 行 董 事 梁 志 恒 先 生、 錢 永 久 先 生 及 王 鵬 先 生。 （股份代號：01785） 董事會會議通告 茲 通 告 成 都 高 速 公 路 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）將 於2025年8月 27日（星 期 三）舉 行 會 議，藉 以 審 議 及 批 准（其 中 包 括）本 公 ...

| 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01785 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 456,102,000 | RMB | | 1 RMB | | 456,102,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 456,102,000 | RMB | | 1 RMB | | 456,102,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | ...

Financial Performance - Operating revenue for the three months ended March 31, 2025, was RMB 668,503,082, a decrease of 2.6% compared to RMB 684,684,715 for the same period in 2024[9] - Net profit for the three months ended March 31, 2025, reached RMB 166,786,787, an increase of 9.3% from RMB 152,623,636 in the prior year[9] - The group's operating profit for the three months ended March 31, 2025, was RMB 180,760,691, slightly up from RMB 178,663,172 in the same period of 2024[9] - Revenue for the three months ended March 31, 2025, was RMB 111,553,722, a slight increase of 1.0% compared to RMB 110,442,322 in 2024[19] - Net profit for the same period was RMB 54,331,323, a decrease of 0.9% from RMB 54,803,829 in the previous year[19] Assets and Liabilities - The group's total assets as of March 31, 2025, amounted to RMB 9,314,226,198, an increase from RMB 9,041,947,811 as of December 31, 2024, representing a growth of approximately 3.0%[5] - The group's total liabilities as of March 31, 2025, were RMB 3,553,642,904, compared to RMB 3,450,010,327 as of December 31, 2024, reflecting an increase of approximately 3.0%[7] - The total equity attributable to shareholders of the parent company increased to RMB 4,742,779,278 as of March 31, 2025, from RMB 4,589,711,647 as of December 31, 2024, indicating a growth of about 3.3%[7] - The group's total current assets as of March 31, 2025, were RMB 2,649,469,421, an increase from RMB 2,404,932,953 as of December 31, 2024, representing a growth of approximately 10.2%[5] - Total assets as of March 31, 2025, amounted to RMB 5,449,910,760, an increase from RMB 5,367,242,048 at the end of 2024[15] - Total liabilities increased to RMB 1,346,630,827 from RMB 1,318,293,439, indicating a rise in financial obligations[17] Cash Flow - Operating cash flow for the three months ended March 31, 2025, was RMB 74,837,599, a decrease of 57.3% from RMB 175,041,487 in the same period of 2024[11] - Total cash inflow from operating activities was RMB 614,046,239, down 13.9% from RMB 713,680,821 year-over-year[11] - For the three months ended March 31, 2025, the net cash flow from operating activities was RMB 123,004,826, an increase of 61.6% compared to RMB 76,074,301 for the same period in 2024[21] - Cash inflow from operating activities totaled RMB 301,140,688, while cash outflow was RMB 178,135,862, resulting in a net cash inflow of RMB 123,004,826[21] - The net increase in cash and cash equivalents for the period was RMB 79,632,419, contrasting with a decrease of RMB -501,597,424 in the same period of 2024[23] Investment Income - The group reported an increase in investment income to RMB 6,053,550 for the three months ended March 31, 2025, compared to RMB 7,960,375 in the same period of 2024[9] - Investment income for the three months was RMB 4,080,000, down from RMB 5,621,013 in the same period last year, primarily due to lower returns from joint ventures[19] - The company reported cash inflow from investment activities of RMB 47,179,600, compared to RMB 12,801,300 in the previous year, indicating a significant increase[23] - The net cash flow from investment activities was negative at RMB -6,969,499, an improvement from RMB -539,832,403 in the same period last year[23] Financial Expenses - The financial expenses decreased to RMB 16,121,567 for the three months ended March 31, 2025, from RMB 22,110,236 in the previous year, showing a reduction of approximately 27.0%[9] - The company reported a decrease in operating costs to RMB 43,760,290 from RMB 45,807,117, reflecting a cost reduction strategy[19] Cash and Cash Equivalents - The group's cash and cash equivalents stood at RMB 1,972,556,030 as of March 31, 2025, up from RMB 1,909,458,289 as of December 31, 2024, marking an increase of approximately 3.3%[5] - Cash and cash equivalents at the end of the period increased to RMB 1,966,751,051 from RMB 1,750,667,626, reflecting a net increase of RMB 63,097,741[13] - The ending balance of cash and cash equivalents was RMB 983,585,290, compared to RMB 1,246,253,974 at the end of the same period last year[23] Other Financial Information - The company did not report any cash inflow from financing activities during this quarter[23] - The company emphasized that the financial data presented has not been reviewed or audited by its auditors, and adjustments may occur upon review[23]

Financial Performance - Chengdu Expressway Co., Ltd. reported a revenue increase of 15% year-over-year, reaching RMB 2.5 billion for the fiscal year 2024[4]. - The company achieved a net profit of RMB 800 million, representing a growth of 12% compared to the previous year[4]. - The company expects a revenue guidance of RMB 2.8 billion for the next fiscal year, reflecting a projected growth of 12%[4]. - Total revenue for 2024 reached RMB 2,915,386,143, a slight increase from RMB 2,894,040,981 in 2023[44]. - Highway business revenue for 2024 was RMB 1,612,188,802, compared to RMB 1,593,531,284 in 2023, reflecting a growth of approximately 1.5%[44]. - Total net profit for 2024 was RMB 569,654,395, down from RMB 662,176,389 in 2023, indicating a decrease of about 14%[44]. - The company’s gross profit for 2024 was RMB 1,080,645,031, an increase from RMB 1,042,050,401 in 2023[44]. - The net profit attributable to shareholders was RMB 519,517,638, a decrease from RMB 618,766,312 in the previous year[59]. - Basic earnings per share for 2024 are projected at RMB 0.31, a slight decrease of 16.2% from RMB 0.37 in 2023[46]. Traffic and User Engagement - User traffic on the expressways increased by 20%, with an average daily vehicle count of 150,000[4]. - The average daily traffic flow on the highways is a key performance indicator, reflecting the operational efficiency and revenue potential of the highway segment[14]. - The total traffic volume across all highways decreased by 1.5% to 217,159 vehicles compared to 220,496 vehicles in 2023[67]. Strategic Initiatives - The company plans to expand its service areas by 10% in the next fiscal year, focusing on enhancing customer experience[4]. - Chengdu Expressway is investing RMB 300 million in new technology for electric vehicle charging stations, aiming to install 500 new charging points by the end of 2025[4]. - The company has outlined a strategic goal to increase its market share in the expressway sector by 5% over the next three years[4]. - The company is exploring potential mergers and acquisitions to enhance its operational capabilities and expand its geographic footprint[4]. - New product offerings, including enhanced toll collection systems, are expected to contribute an additional RMB 100 million in revenue[4]. - The company is focusing on expanding its new energy business, particularly in the construction of charging stations and energy storage facilities[50]. Energy Sector Developments - The energy segment includes retail of refined oil products and the expansion into natural gas operations, with a focus on increasing market share in these sectors[15]. - The company holds a 51% stake in Chengdu Jiao Investment New Energy Development Co., which is a subsidiary focused on energy development[12]. - The company has established joint ventures, such as with Sinopec Chengdu Energy, holding a 50% stake, to strengthen its position in the energy market[11]. - The company is actively pursuing new strategies for market expansion, particularly in the natural gas sector, to capitalize on growing demand[15]. - Revenue from the energy segment was RMB 1,303,197,341, a slight increase of 0.2% year-on-year, representing 44.7% of total revenue in 2024[62]. Financial Management and Governance - The company has appointed Mr. Yang Tan as Chairman and Executive Director since June 2023, and he will continue as General Manager until January 2025[107]. - The board of directors' term has been extended to ensure continuity, with no impact on the company's normal operations[107]. - The company has a strong focus on maintaining high standards in financial management, as evidenced by the qualifications of its directors, including CPA and ACCA certifications[121]. - The company has established a comprehensive internal governance structure consisting of the shareholders' meeting, board of directors, various specialized committees, supervisory board, and senior management[155]. - The company has implemented mechanisms to ensure the board receives independent opinions to enhance decision-making objectivity and effectiveness[176]. Legal and Compliance Issues - The company is currently involved in legal disputes that may impact its financial position, with claims totaling RMB 28,059,936 and RMB 36,876,367 from different parties[95][97]. - Chengdu Huaguan Industrial Co., Ltd. requested compensation of RMB 65,039,200 from Chengdu Energy Development Co., Ltd. for economic losses[100]. - The Sichuan High People's Court ordered Chengdu Energy Development Co., Ltd. to compensate Chengdu Huaguan Industrial Co., Ltd. RMB 8,000,000 within 15 days of the ruling[100]. Future Outlook - The company plans to issue corporate bonds totaling up to RMB 2 billion to meet financing needs and expand funding channels[37]. - The company is focused on enhancing its core competitiveness and developing new growth drivers through diversified business operations and smart applications[53]. - The company aims to expand its market presence by leveraging national strategies such as the Chengdu-Chongqing Economic Circle[163].

Core Viewpoint - Chengdu Expressway reported a decline in net profit for the fiscal year 2024, indicating challenges in revenue generation despite a slight increase in overall income [1][2]. Financial Performance - The company achieved a total revenue of 2.915 billion yuan, reflecting a year-on-year increase of 0.74% [1]. - The net profit attributable to shareholders was 520 million yuan, representing a year-on-year decrease of 16.04% [1]. - Basic earnings per share were reported at 0.31 yuan, with a proposed final cash dividend of 0.101 yuan per share [1]. Revenue Breakdown - The primary source of revenue for the expressway business was toll income, which accounted for 88.9% of the total expressway business revenue [2]. - Toll income for the expressway business was 1.433 billion yuan, showing a decrease of 37.6836 million yuan, or a decline of 2.6% year-on-year [2]. Factors Affecting Revenue - Several factors contributed to the decline in toll income: - Insufficient domestic economic demand and extreme weather conditions negatively impacted traffic volume and toll revenue [2]. - Increased free passage days during the Spring Festival and Qingming Festival compared to the previous year led to reduced toll income [2]. - The full closure of the G5 Jingkun (Chengmian section) during 2023 diverted traffic to Chengpeng Expressway, which did not benefit in 2024 [2]. - Implementation of differentiated toll discounts for trucks in Sichuan province from April 1, 2024, to December 31, 2024, resulted in reduced toll income across expressways [2]. - Construction restrictions on Qiongming Expressway led to decreased traffic and toll revenue [2]. - The opening of Chengdu Metro Line 19 and the extension of Line 10, along with internal construction at Shuangliu Airport, reduced traffic and toll income on the Chengdu Airport Expressway [2].

Financial Performance - Chengdu Expressway Co., Ltd. reported its annual performance for the year ending December 31, 2024, with a comprehensive financial report to be published by April 30, 2025[3]. - The company reported a revenue of RMB 1.5 billion for the fiscal year ending December 31, 2024, representing a year-over-year increase of 15%[13]. - Total revenue for 2023 reached RMB 2,894,040,981, representing a 11.5% increase from 2022[47]. - The total profit for the year was RMB 785,981,781, down from RMB 806,866,677 in 2023[62]. - The company's total revenue for the year ended December 31, 2024, was RMB 2,915,386,143, an increase of RMB 21,345,162 or 0.7% compared to RMB 2,894,040,981 in 2023[65]. - The energy sector's revenue for 2023 was RMB 1,300,509,697, slightly down from RMB 1,292,027,478 in 2022, showing a marginal decline[47]. - The energy industry business revenue was RMB 1,303,197,341, an increase of RMB 2,687,644 or 0.2% compared to 2023[72]. Strategic Initiatives - The company is focused on enhancing its service areas, including the Ande North and South service areas along the Chengguan Expressway[8]. - The company is expanding its market presence in southwestern China, targeting a 25% increase in market share by 2025[13]. - The company is committed to environmental, social, and governance (ESG) practices, as indicated in its reports[5]. - The company plans to enhance its operational efficiency through the establishment of a specialized team for market-oriented projects, achieving profitability in its first year[54]. - The company aims to optimize its energy sector by developing charging infrastructure and exploring clean energy applications such as hydrogen and photovoltaics[58]. - The company is focused on expanding its energy business, including refined oil, natural gas, and new energy operations[25]. Governance and Management - The company’s board of directors includes a mix of executive and independent non-executive directors, ensuring diverse governance[3]. - The board of directors consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[170]. - The company is committed to maintaining high standards of corporate governance and transparency in its operations[157]. - The chairman and CEO roles are now separated, with Mr. Yang Tan appointed as chairman on June 7, 2023, and Mr. Ding Dapan appointed as CEO effective January 23, 2025[159]. - The board has established mechanisms to ensure independent opinions are obtained to enhance decision-making effectiveness[179]. - The company has established a comprehensive internal governance structure consisting of the shareholders' meeting, board of directors, various specialized committees, supervisory board, and senior management[158]. Operational Developments - The company has been involved in the expansion of the Chengwenqiong Expressway project, aimed at improving transportation infrastructure[10]. - The company has signed land acquisition agreements for the Chengwenqiong Expressway expansion project in Dayi County and Wenjiang District[41][42]. - The group operates a total of 5 highways with a combined length of 192.02 kilometers, centered around Chengdu, and has a total operational mileage of 474.77 kilometers including entrusted management[18][19]. - The company has invested in 8 subsidiaries and holds stakes in 9 joint ventures and associates in the energy sector[25]. Market and User Growth - User data indicates a growth in active users by 20% year-over-year, reaching 2 million active users by the end of 2024[13]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the last quarter, representing a 15% year-over-year growth[125]. - User data showed a 25% increase in active users, reaching 5 million by the end of the quarter[126]. Financial Guidance and Projections - The company projects a revenue guidance of RMB 1.8 billion for the next fiscal year, reflecting an expected growth rate of 20%[13]. - The company provided guidance for the next quarter, expecting revenue to be between $1.3 billion and $1.4 billion, indicating a growth rate of 10% to 15%[127]. Legal Matters - The company is involved in ongoing litigation with Sichuan Tuochuang Construction Engineering Co., Ltd., claiming a total of RMB 28,059,936[98]. - Chengdu Huaguan Industrial Co., Ltd. requested compensation of RMB 65,039,200 from Chengdu Energy Development Co., Ltd. for economic losses[101]. - The Sichuan High People's Court ordered Chengdu Energy Development Co., Ltd. to compensate Chengdu Huaguan Industrial Co., Ltd. RMB 8,000,000 within 15 days of the ruling[103]. Future Plans - The company plans to issue corporate bonds totaling up to RMB 2 billion to meet financing needs[40]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[131]. - The company has no significant investments or capital asset purchases planned for the future, as stated in the Chairman's report[94].