证券代码：600012 证券简称：皖通高速 公告编号：2023-032 安徽皖通高速公路股份有限公司 关于取消并择日另行召开 2023 年第一次临时股东大 会、2023 年第一次 A 股类别股东大会及 2023 年第一 次 H 股类别股东大会的公告 特别提示 2. 取消股东大会的召开日期：2023 年 8 月 18 日 3. 取消的股东大会的股权登记日 安徽皖通高速公路股份有限公司（以下简称"公司"）于 2023 年 7 月 26 日发 布了《关于召开 2023 年第一次临时股东大会、2023 年第一次 A 股类别股东大会 及 2023 年第一次 H 股类别股东大会的通知》，公司原定于 2023 年 8 月 18 日召 开 2023 年第一次临时股东大会、2023 年第一次 A 股类别股东大会及 2023 年第 一次 H 股类别股东大会审议公司发行股份及支付现金购买安徽省六武高速公路 有限公司 100%股权并募集配套资金（以下简称"本次交易"），以及公司未来现金 分红特别安排等相关事宜。 根据《上市公司国有股权监督管理办法》规定，国有股东与上市公司资产重 组方案经上市公司董事会审议通过后，应当在上市公司股东大 ...

股票代码：600012 股票简称：皖通高速 公告编号：临 2023-019 安徽皖通高速公路股份有限公司 关于召开业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担相应的法律 责任。 重要内容提示： ● 会议召开时间：2023 年 5 月 26 日（星期五）15:00-16:00 ● 会议召开方式：电话会议 ● 投资者可于 2023 年 5 月 23 日（星期二）前将相关问题通过电子邮件的 形式发送至公司邮箱：wtgs@anhui-expressway.net。 安徽皖通高速公路股份有限公司（以下简称"公司"）分别于 2023 年 3 月 31 日、4 月 28 日在上海证券交易所网站 （www.sse.com.cn）及香港联合交易所有 限公司网站（www.hkexnews.hk）发布公司 2022 年年度报告及 2023 年一季度报 告。根据中国证监会《上市公司投资者关系管理工作指引》等相关规定，为了便 于广大投资者更全面深入地了解公司2022年度及2023年一季度业绩和经营情况， 公司计划于 2023 年 5 月 26 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,145,086,806.22, representing an increase of 18.51% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 459,462,788.58, reflecting a growth of 13.15% year-on-year[4] - Basic earnings per share for the period was CNY 0.2770, which is a 13.15% increase from the same quarter last year[5] - Total revenue for Q1 2023 reached ¥1,145,086,806.22, a 18.5% increase from ¥966,250,859.11 in Q1 2022[23] - Net profit for Q1 2023 was ¥478,671,148.35, up 18.2% compared to ¥404,833,684.13 in Q1 2022[25] - Operating profit for Q1 2023 was ¥649,180,536.06, an increase of 20.8% from ¥537,408,000.28 in Q1 2022[25] Cash Flow - The net cash flow from operating activities reached CNY 1,029,461,546.80, showing a significant increase of 93.23% compared to the previous year[4] - Cash flow from operating activities in Q1 2023 was ¥1,646,294,503.14, significantly higher than ¥1,035,531,771.59 in Q1 2022[26] - The net cash flow from operating activities for Q1 2023 was approximately $1.03 billion, a significant increase from $532.77 million in Q1 2022, representing a growth of 93%[27] - Total cash inflow from operating activities amounted to $1.65 billion, compared to $1.04 billion in the same period last year, indicating a year-over-year increase of 58.7%[27] - The ending cash and cash equivalents balance was approximately $2.96 billion, down from $3.61 billion at the end of Q1 2022, a decrease of 18%[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 21,687,721,940.73, up by 1.80% from the end of the previous year[5] - Total assets as of March 31, 2023, amounted to ¥21,687,721,940.73, compared to ¥21,303,368,819.17 at the end of 2022[22] - Total liabilities decreased to ¥7,703,363,781.00 from ¥7,798,806,600.25 at the end of 2022, reflecting a reduction of 1.2%[22] - The company's total equity increased to ¥13,984,358,159.73 as of March 31, 2023, compared to ¥13,504,562,218.92 at the end of 2022[22] Traffic and Toll Revenue - The company reported an increase in toll revenue, which contributed to the rise in cash flow from operating activities[8] - In Q1 2023, the average daily traffic on the G205 National Road Tianchang section increased by 51.96% to 7,162 vehicles compared to Q1 2022[13] - The total toll revenue for the G205 National Road Tianchang section rose by 79.74% to RMB 20,093,000 in Q1 2023 from RMB 11,179,000 in Q1 2022[13] - The total toll revenue across all projects in Q1 2023 reached RMB 1,112,082,000, marking a 13.70% increase from RMB 978,098,000 in Q1 2022[14] - The average daily traffic on the Hehui Expressway increased by 30.53% to 50,444 vehicles in Q1 2023 compared to 38,646 vehicles in Q1 2022[13] - The toll revenue for the Hehui Expressway increased by 18.19% to RMB 361,079,000 in Q1 2023 from RMB 305,501,000 in Q1 2022[13] - The company reported a 10.95% increase in average daily traffic on the Ninghuai Expressway Tianchang section, reaching 48,223 vehicles in Q1 2023[14] Government Support and Policies - The company received government subsidies amounting to CNY 3,562,031.87, related to highway construction projects[6] - The company implemented various policy-based fee reductions totaling RMB 175 million in Q1 2023, including RMB 31 million for green channel vehicles[16] - The company continues to offer an 85% discount policy for trucks holding Anhui transportation cards, which has been effective since July 2016[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,350, with the largest shareholder holding 31.63% of the shares[9] Acquisition Plans - The company plans to acquire 100% equity of Anhui Liwu Expressway Co., Ltd. for an estimated price not exceeding RMB 4 billion through a combination of issuing A-shares and cash[20] - The company's A-shares were suspended from trading on April 3, 2023, due to the pending acquisition, and resumed trading on April 18, 2023[20] Non-Operating Income and Expenses - Non-operating income and expenses resulted in a total loss of CNY 10,028,353.80, primarily due to fair value losses on financial assets[6] Accounting Standards - The company did not apply new accounting standards for the first quarter of 2023[28]

Financial Performance - The company's net profit for 2022, according to Chinese accounting standards, was RMB 1,525,975 thousand, while the profit under Hong Kong accounting standards was RMB 1,514,040 thousand[5]. - The distributable profit for shareholders for 2022 is RMB 1,514,040 thousand, leading to a proposed cash dividend of RMB 5.5 per 10 shares, totaling RMB 912,235.50 thousand[5]. - The company's operating revenue for 2022 was CNY 5,206,366,427.90, representing a 32.78% increase compared to CNY 3,920,958,228.02 in 2021[20]. - Net profit attributable to shareholders for 2022 was CNY 1,445,017,073.40, a decrease of 4.57% from CNY 1,514,167,905.95 in 2021[20]. - The total profit for the year was RMB 1,976.93 million, a decrease of 6.71% from RMB 2,119.13 million in the previous year[49]. - The net profit after deducting non-recurring gains and losses was CNY 1,424,748,352.88, which is a 4.55% increase from CNY 1,362,706,570.12 in 2021[20]. - Basic earnings per share for 2022 were CNY 0.8712, a decrease of 4.57% from CNY 0.9129 in 2021[21]. - The weighted average return on equity for 2022 was 12.48%, a slight decrease of 0.1 percentage points from 12.58% in 2021[21]. Dividend Policy - The company has maintained a high cash dividend policy, which has garnered strong support from investors[48]. - The company has continuously distributed cash dividends for 26 years since its listing, adhering to its cash dividend policy[160]. - The company has implemented a cash dividend distribution plan in 2021, committing to distribute at least 60% of the net profit attributable to shareholders in cash over the next three years[161]. - In 2021, the total cash dividend distributed amounted to RMB 912,235,500, which represents 63.13% of the net profit attributable to shareholders for the year[164]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[4]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company has not identified any insider trading incidents related to sensitive information disclosure during the reporting period[113]. - The internal control system was optimized in 2021, and the trial operation was completed in 2022, with ongoing risk assessments and adjustments made based on internal and external changes[118]. - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team to enhance decision-making efficiency[105]. Operational Highlights - The company successfully implemented the PPP project for the expansion of the Xuanguang highway, enhancing its operational capacity[34]. - The company completed the national highway network technical condition monitoring in Anhui, receiving high praise for its maintenance management results[35]. - The company launched an integrated AI inspection platform to improve operational efficiency and accuracy in auditing[34]. - The company achieved a significant improvement in road safety management, completing emergency response plans and enhancing its emergency response capabilities[36]. - The company is focusing on expanding its main business scale and promoting transformation, leveraging opportunities from national strategies and technological advancements[38]. Challenges and Risks - The company faces challenges such as a slowdown in traffic growth and uncertainties from policy changes affecting toll revenue, which constitutes over 90% of its income[42]. - The company acknowledges potential policy risks related to highway toll pricing and regulatory changes that could impact revenue generation[100]. - The toll road industry is sensitive to macroeconomic fluctuations, with road transport volume closely linked to GDP, which may impact the company's performance[102]. Investments and Strategic Initiatives - The company completed a significant equity investment in Xuanguang Company, amounting to RMB 599,158,940, acquiring a 55.47% stake[87]. - The company successfully subscribed to the Anhui Expressway REITs project with an investment of RMB 423,232,000, representing 3.89% of the total fund shares[89]. - The company plans to enhance toll service quality by implementing a standardized service system and improving road maintenance and safety measures[99]. - The company is focusing on the integration of information technology and transportation, emphasizing smart infrastructure and service networks[86]. Social Responsibility and Environmental Initiatives - The company has emphasized social responsibility, adhering to laws and regulations while creating value for shareholders and stakeholders[119]. - The company has actively pursued green initiatives, including the construction of photovoltaic projects to promote energy efficiency[175]. - The company invested 698.36 million CNY in poverty alleviation and rural revitalization projects, with 690 million CNY allocated as funds and 8.36 million CNY as material donations, benefiting 3,717 individuals[180][181]. - The company received the "National Civilized Unit" title in 2022 for its social responsibility efforts, which were recognized by major media outlets[179]. Employee and Management - The total number of employees in the parent company is 1,362, and the total number of employees in major subsidiaries is 610, resulting in a combined total of 1,972 employees[154]. - The company has established an enterprise annuity plan, contributing RMB 19.19 million in 2022 to incentivize employee retention[158]. - The total remuneration for directors, supervisors, and senior management was RMB 4.5607 million[137]. - The company has implemented a training plan for employees, focusing on enhancing management, skills, and professional knowledge[159]. Future Outlook - The company achieved a total toll revenue target of approximately RMB 3.978 billion for 2023, compared to RMB 3.676 billion in 2022, indicating a growth expectation of about 8.2%[98]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.65 billion[128]. - The company plans to expand its market presence in three new provinces, aiming for a 30% increase in market share by 2025[133].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,168,872,488.46, representing a 15.05% increase compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 507,311,867.65, reflecting a 7.37% increase year-over-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 491,441,943.72, which is a 30.41% increase compared to the previous year[3]. - The basic earnings per share for the quarter was CNY 0.3059, a 7.37% increase from the same period last year[3]. - Total operating revenue for the first three quarters of 2022 reached ¥3,985,124,852.71, a 36% increase from ¥2,930,829,385.08 in the same period of 2021[28]. - Net profit for the first three quarters of 2022 was ¥1,150,997,031.16, down 9.5% from ¥1,272,044,569.30 in 2021[28]. - Operating profit decreased to ¥1,579,087,329.85, compared to ¥1,713,333,476.28 in the previous year, reflecting a decline of 7.8%[28]. - Basic earnings per share for the first three quarters of 2022 was ¥0.7074, compared to ¥0.7463 in 2021, indicating a decrease of 5.4%[30]. - Total comprehensive income for the first three quarters of 2022 was ¥1,151,423,975.26, down from ¥1,272,374,945.52 in the same period of 2021[30]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 21,587,979,383.56, showing an 8.37% increase from the end of the previous year[7]. - As of September 30, 2022, the company's total assets amounted to RMB 21.59 billion, an increase from RMB 19.92 billion as of December 31, 2021, reflecting a growth of approximately 8.4%[24]. - The company's current assets reached RMB 5.74 billion, up from RMB 4.48 billion in the previous year, indicating a growth of about 28.5%[25]. - The total liabilities of the company as of September 30, 2022, were RMB 8.58 billion, compared to RMB 7.98 billion at the end of 2021, representing an increase of approximately 7.3%[26]. - The company's equity attributable to shareholders increased to RMB 11.65 billion from RMB 11.39 billion, marking a growth of around 2.3%[26]. - The company has successfully reduced its current liabilities to RMB 1.80 billion from RMB 2.80 billion, indicating a decrease of about 35.5%[26]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 1,769,476,114.56, an increase of 5.81% compared to the previous year[3]. - The company reported a net cash flow from operating activities of ¥1,769,476,114.56, an increase from ¥1,672,318,792.19 in the same period last year[31]. - Cash and cash equivalents at the end of the period totaled ¥2,768,327,975.10, down from ¥3,913,760,011.51 at the end of the previous year[33]. - The company reported a total operating cost of ¥2,454,601,011.86, which is a significant increase from ¥1,288,955,502.95 in the previous year[28]. - The company’s financial expenses decreased to ¥112,683,017.19 from ¥134,379,685.52 in the previous year, showing a reduction of approximately 16%[28]. - The company’s investment activities resulted in a net cash outflow of ¥2,711,389,017.74, compared to a net outflow of ¥75,715,315.49 in the same period last year[31]. - The company has committed to invest up to RMB 500 million in the Anhui Expressway REITs, representing a strategic move to enhance its investment portfolio[19]. - The company plans to hold its investment in the infrastructure fund for no less than 36 months, ensuring a long-term commitment to its investment strategy[20]. Revenue and Traffic Data - The average daily traffic volume for 合宁高速公路 in Q3 2022 was 37,424 vehicles, an increase of 3.38% compared to Q3 2021[14]. - Toll revenue for 合宁高速公路 in Q3 2022 was RMB 316,539,000, up 3.26% from RMB 306,555,000 in Q3 2021[14]. - The total toll revenue for all projects in Q3 2022 was RMB 1,016,452,000, a decrease of 0.88% from RMB 1,025,475,000 in Q3 2021[14]. - For the first nine months of 2022, total toll revenue was RMB 2,852,147,000, down 3.49% from RMB 2,955,159,000 in the same period of 2021[15]. - The traffic volume for 宁淮高速公路天长段 in Q3 2022 was 41,523 vehicles, an increase of 27.45% compared to Q3 2021[14]. - The average daily traffic volume for 205国道天长段新线 in Q3 2022 was 6,961 vehicles, with toll revenue of RMB 23,593,000, reflecting a significant increase of 44.84% compared to the previous year[14]. - The company reported that the National Day holiday free passage policy for small passenger vehicles resulted in approximately 1,195,300 vehicles passing through its toll roads, leading to a revenue loss of about RMB 51,398,800[17]. - The company noted that the traffic data excludes small passenger vehicles during major holidays, which may affect overall traffic volume reporting[16]. Government Subsidies and Policies - The company received government subsidies amounting to CNY 13,815,144.50 during the quarter, primarily related to infrastructure projects[8]. - A temporary reduction of 10% in toll fees for freight trucks will be implemented from October 1, 2022, to December 31, 2022, in line with national policies[23]. - The company has received approval for a 30-year toll operation period for the Ningshao Expressway from December 30, 2017, to December 29, 2047, extending its revenue-generating capacity significantly[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,335, with the top ten shareholders holding a combined 86.77% of shares[11]. - HKSCC NOMINEES LIMITED held 524,644,220 shares, representing 31.63% of total shares, while 招商局公路网络科技控股股份有限公司 held 488,209,899 shares, or 29.43%[12].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[13]. - Net profit attributable to shareholders reached RMB 300 million, up 10% compared to the same period last year[13]. - The company's operating revenue for the first half of the year reached ¥2,816,252,364.25, representing a 47.07% increase compared to ¥1,914,863,814.09 in the same period last year[20]. - Net profit attributable to shareholders was ¥665,973,527.50, a decrease of 12.98% from ¥765,343,272.48 in the previous year[20]. - The company achieved operating revenue of RMB 2,816,252 thousand, a year-on-year increase of 47.07% compared to RMB 1,914,864 thousand in the same period of 2021[36]. - The net profit attributable to shareholders was RMB 665,974 thousand, a decrease of 12.98% from RMB 765,343 thousand in the same period of 2021[36]. - The company reported a net cash flow from operating activities increased by 11.10% to ¥1,084,074,384.91, up from ¥975,725,032.81 in the same period last year[20]. - The total toll revenue for the first half of 2022 across all projects was RMB 1,835,694,000, down 4.83% from RMB 1,929,029,000 in the same period last year[40]. Future Outlook and Growth Strategies - Future outlook indicates a projected revenue growth of 20% for the second half of 2022, driven by increased traffic and new service offerings[13]. - Market expansion plans include entering two new provinces by the end of 2022, which is expected to increase market share by 5%[13]. - A new product line is set to launch in Q4 2022, anticipated to contribute an additional RMB 100 million in revenue[13]. - The company plans to continue expanding its highway construction projects and improve service offerings to enhance revenue streams[52]. - The company is actively seeking quality investment opportunities to increase asset scale and drive growth[77]. Cost Management and Efficiency - The company has implemented cost control measures that are expected to reduce operational expenses by 12% in the upcoming fiscal year[13]. - The company is investing RMB 200 million in new technology development aimed at enhancing operational efficiency and user experience[13]. - Total operating costs rose significantly by 138.63%, amounting to RMB 1,768,572,618.27, compared to RMB 741,130,334.36 in the previous year[50]. Shareholder Returns and Dividends - The board has approved a dividend distribution plan, with a proposed payout ratio of 30% of net profit for the first half of 2022[13]. - The company distributed dividends amounting to approximately CNY 912.24 million in the first half of 2022, compared to CNY 381.48 million in the same period of 2021, indicating a substantial increase in shareholder returns[146]. Assets and Liabilities - The total assets of the company increased by 6.16% to ¥21,148,687,292.20, compared to ¥19,920,862,968.50 at the end of the previous year[21]. - The total liabilities increased by 15.62% to ¥9,233,022, compared to ¥7,985,646 at the end of the previous year[30]. - The company's total assets at the end of the period were RMB 20,000,000 thousand, with cash and cash equivalents accounting for 23.57% of total assets[62]. Employee and Operational Management - As of June 30, 2022, the company employed 2,025 personnel, a decrease from 2,109 personnel in the same period of 2021[85]. - Employee compensation for the reporting period amounted to RMB 194.53 million, compared to RMB 185.83 million in the first half of 2021[85]. - The company has implemented a comprehensive training program for employees, focusing on enhancing business skills and compliance awareness[85]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and has not faced any administrative penalties related to environmental issues as of June 30, 2022[87]. - The company has established a management system for environmental protection, ensuring compliance with relevant laws and promoting sustainable development[87]. - The company has actively engaged in rural revitalization efforts, assisting 323 households and 1,101 individuals in poverty alleviation as of June 30, 2022[95]. Financial Reporting and Compliance - The company adheres to the enterprise accounting standards, ensuring that the financial statements reflect a true and complete view of its financial status as of June 30, 2022[156]. - The financial statements are prepared based on the principle of going concern, indicating the company's ongoing viability[155]. - The company’s financial reporting complies with the regulations set forth by the Ministry of Finance and the China Securities Regulatory Commission[154]. Investment and Capital Management - The company reported a long-term loan increase of 31.84%, reaching approximately RMB 6.23 billion, primarily for the investment in the PPP project and acquisition payments[63]. - The company completed a capital increase of RMB 5.49 billion for the Xuan Guang Company during the reporting period, with a total investment of RMB 9.92 billion in the PPP project[66]. - The company has increased its investment in Xuan City Investment by RMB 0.441 billion to support the project capital[109]. Risk Management - The company faces risks related to the expiration of toll road concessions, which could impact sustainable development if not supplemented by new projects[76]. - The company plans to enhance its governance structure and optimize internal control management systems to support high-quality development[77].

Financial Performance - The company's operating revenue for Q1 2022 was ¥966,250,859.11, representing a 0.27% increase compared to ¥847,416,635.46 in the same period last year[4] - Net profit attributable to shareholders was ¥406,052,424.41, a 6.33% increase from ¥352,142,964.39 in the previous year[4] - The basic earnings per share for the period was ¥0.2448, up 6.33% from ¥0.2123 in the same period last year[6] - The net cash flow from operating activities was ¥532,774,016.77, showing a 1.27% increase from ¥513,206,269.59 in the previous year[6] - The return on equity increased to 3.50%, up 0.23 percentage points from 3.16% in the same period last year[6] - The company reported total operating revenue of RMB 966,250,859.11 for Q1 2022, a slight increase from RMB 963,691,866.09 in Q1 2021, representing a growth of approximately 0.16%[27] - The net profit for Q1 2022 was RMB 404,833,684.13, compared to RMB 391,375,887.44 in Q1 2021, indicating an increase of approximately 3.46%[29] - Basic earnings per share for Q1 2022 were CNY 0.2448, compared to CNY 0.2302 in Q1 2021, reflecting a growth of 2.0%[30] Assets and Liabilities - Total assets at the end of the period were ¥19,915,284,836.18, a slight decrease of 0.03% from ¥19,920,862,968.50 at the end of the previous year[6] - The company's total liabilities decreased to RMB 7,384,939,764.43 in Q1 2022 from RMB 7,975,853,576.21 in Q1 2021, a decline of about 7.43%[26] - Long-term borrowings rose to RMB 5,400,694,555.22 in Q1 2022 from RMB 4,726,408,251.50 in Q1 2021, an increase of approximately 14.25%[26] - The company's cash and cash equivalents increased to RMB 4,566,767,521.65 as of March 31, 2022, up from RMB 4,318,206,161.01 at the end of 2021, marking a growth of about 5.76%[25] Traffic and Toll Revenue - In Q1 2022, the average daily traffic flow on the HeNing Expressway was 38,646 trips, a 5.11% increase from 36,767 trips in Q1 2021[15] - Toll revenue for the HeNing Expressway reached RMB 305.501 million in Q1 2022, up 5.67% from RMB 289.120 million in Q1 2021[15] - The new line of National Highway 205 saw a traffic decrease of 17.45%, with 4,713 trips compared to 5,709 trips in Q1 2021[15] - The total toll revenue for the new line of National Highway 205 was RMB 11.179 million, a decrease of 35.27% from RMB 17.271 million in Q1 2021[15] - The total toll revenue for the Ninghuai Expressway Tianchang section was RMB 27.919 million, a decrease of 5.45% from RMB 29.529 million in Q1 2021[17] - The total toll revenue for the Anqing Yangtze River Highway Bridge was RMB 87.206 million, an increase of 3.41% from RMB 84.334 million in Q1 2021[17] Government Support and Policy Changes - The company received government subsidies amounting to ¥2,843,451.26 related to asset support during the reporting period[7] - The company provided a total of RMB 169 million in policy-related fee reductions in Q1 2022, including RMB 38 million for green channel vehicles[19] - The company implemented an 85% discount policy for trucks using Anhui Transportation Cards, resulting in a reduction of RMB 64 million in ETC fees[19] - The company continues to execute various policy-related fee reductions, impacting overall revenue and traffic patterns[19] Financial Management and Audit - The company reported a significant decrease in financial expenses by 41.37%, from ¥57,183,731.03 to ¥33,529,112.94[11] - The company has appointed Ernst & Young Hua Ming as its new auditor starting from 2022, replacing PwC, which had exceeded its term limit[22] - The company did not apply new accounting standards for the first time in 2022[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,619[12] - The total number of A-share shareholders was 23,553, while H-share shareholders totaled 66 as of the end of the reporting period[14]

Financial Performance - The company's net profit for 2021, according to Chinese accounting standards, was RMB 1,412,094 thousand, while the profit under Hong Kong accounting standards was RMB 1,409,981 thousand[5]. - The distributable profit for shareholders for 2021 was RMB 1,409,981 thousand, with a proposed cash dividend of RMB 5.5 per 10 shares, totaling RMB 912,235.50 thousand[5]. - The company's operating revenue for 2021 was CNY 3,920,958,228.02, representing a 33.65% increase compared to 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 1,514,167,905.95, a 74.19% increase from the previous year[21]. - The net cash flow from operating activities for 2021 was CNY 2,097,060,846.01, reflecting a 22.90% increase year-on-year[21]. - The basic earnings per share for 2021 was CNY 0.9129, up 74.19% from CNY 0.5241 in 2020[22]. - The total profit reached RMB 2,119,127 thousand, an increase of 79.07% compared to the previous year[47]. - Toll revenue amounted to RMB 3,831,092 thousand, marking a 40.71% increase from RMB 2,722,668 thousand in the previous year[49]. Assets and Liabilities - The total assets at the end of 2021 were CNY 19,920,862,968.50, a decrease of 4.05% compared to the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 11,389,109,507.83, a slight decrease of 0.99% from the previous year[21]. - The asset-liability ratio stood at 28.86%, indicating a relatively low level of debt[42]. - Long-term borrowings increased by 187.85% to RMB 4,726,408,251.50, primarily due to loans taken for the acquisition of equity and debt from Anqing Bridge Company[79]. Acquisitions and Investments - The company acquired 100% equity of Anhui Anqing Yangtze River Highway Bridge Co., Ltd. from its controlling shareholder in December 2021, leading to retrospective adjustments in previously disclosed data[22]. - The company successfully completed the acquisition of 100% equity in Anqing Yangtze River Highway Bridge Co., enhancing its asset scale and extending toll collection periods[88]. - The company plans to invest an additional 1.51378 billion RMB in the G50 Hu-Yu Expressway expansion project, in collaboration with its controlling shareholder[88]. - The company has invested RMB 1 billion in the first phase of the Jinshi Fund, which is performing well[200]. Revenue Sources and Growth Strategies - The company's main revenue source is from toll road investments and operations, with significant reliance on government-approved toll standards[101]. - The company plans to enhance its operational management platform and aims to adapt to the national "one network" operational management model during the 14th Five-Year Plan period[98]. - The company is exploring diversification strategies to address the decreasing toll collection periods on its highways[41]. - The company plans to leverage its geographical advantages and government strategies to enhance network economic benefits in the future[46]. Risk Management and Compliance - The company has detailed risk factors and countermeasures in the management discussion and analysis section of the report[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures in providing guarantees[7]. - The company has implemented a robust insider information management system, ensuring no insider trading incidents were reported during the year[112]. Corporate Governance - The company has established a governance framework involving a shareholders' meeting, board of directors, and supervisory board to ensure effective oversight[106]. - The board of directors consists of 9 members, including 4 executive directors, 2 non-executive directors, and 3 independent directors, ensuring a diverse range of expertise in various fields such as finance and corporate management[108]. - The company has emphasized investor relations management, utilizing various platforms to communicate its development strategy and operational status, including online investor presentations[115]. - The company has established a three-in-one internal control system, optimizing risk management and compliance supervision in response to regulatory requirements[117]. Social Responsibility and Environmental Initiatives - The company has actively engaged in social responsibility initiatives, complying with relevant laws and regulations, and creating value for stakeholders[119]. - The company has committed to implementing green maintenance practices and aligning with national carbon neutrality goals, emphasizing energy conservation and emissions reduction[100]. - The company has achieved 100% harmless recycling of milling waste generated from maintenance projects in 2021, promoting zero waste in material reuse[165]. - The company invested over RMB 80,000 in drinking water safety projects, completing 7 new construction, renovation, and repair projects[178]. Future Outlook - The outlook for the highway industry remains positive, with expected strong growth in infrastructure investment driven by government policies[82]. - The company anticipates challenges due to the ongoing impact of COVID-19 and a complex international economic environment, which may hinder economic recovery[102]. - The company plans to enhance its service quality and public satisfaction through initiatives like the "smile service" campaign and improving emergency response mechanisms[100].

Financial Performance - The company's operating revenue for Q3 2021 was ¥893,662,778.43, a decrease of 3.47% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was ¥378,562,826.63, an increase of 1.84% year-on-year[4] - For the year-to-date period, the operating revenue reached ¥2,581,313,394.81, reflecting a significant increase of 47.95% compared to the previous year[4] - The net profit attributable to shareholders for the year-to-date period was ¥1,088,827,889.25, showing a substantial increase of 126.18% year-on-year[4] - The basic earnings per share for Q3 2021 was ¥0.2283, up by 1.84% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥2,581,313,394.81, a significant increase of 48.2% compared to ¥1,744,686,313.56 in the same period of 2020[24] - Net profit for the first three quarters of 2021 was ¥1,123,036,855.70, up 170.5% from ¥414,924,621.98 in the previous year[24] - Basic earnings per share for Q3 2021 was ¥0.6565, compared to ¥0.2902 in Q3 2020, reflecting a growth of 126.3%[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,633,127,490.05, representing an increase of 8.57% from the end of the previous year[5] - Total assets increased to ¥17,633,127,490.05 in Q3 2021, up from ¥16,240,743,095.33 in Q3 2020, marking a growth of 8.6%[23] - Total liabilities rose to ¥5,089,779,204.26 in Q3 2021, compared to ¥4,326,109,729.27 in Q3 2020, an increase of 17.6%[23] - Non-current liabilities increased significantly to ¥3,654,361,896.26 in Q3 2021, up from ¥2,201,742,469.12 in Q3 2020, representing a growth of 65.9%[23] - The company’s total equity reached ¥12,543,348,285.79 in Q3 2021, compared to ¥11,914,633,366.06 in Q3 2020, an increase of 5.3%[23] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,663,969,853.65, an increase of 49.55% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 1,663,969,853.65, an increase of 49.4% compared to CNY 1,112,686,694.98 in the same period of 2020[27] - Total cash inflow from operating activities reached CNY 2,708,235,782.71, up from CNY 1,759,330,125.40, reflecting a growth of 53.8% year-over-year[27] - The net increase in cash and cash equivalents for the period was CNY 1,935,651,927.08, compared to a decrease of -CNY 786,995,280.95 in the previous year[28] - The ending balance of cash and cash equivalents stood at CNY 3,903,406,047.42, up from CNY 1,118,266,635.46 at the end of the same period last year[28] Traffic and Toll Revenue - The total traffic volume for the 合宁高速公路 in Q3 2021 was 36,200 vehicles, an increase of 4.18% compared to 34,748 vehicles in Q3 2020[15] - The toll revenue for the 合宁高速公路 in Q3 2021 reached RMB 306,555,000, reflecting a 1.87% increase from RMB 300,915,000 in Q3 2020[15] - The total toll revenue for the first nine months of 2021 was RMB 2,596,548,000, a significant increase of 60.69% compared to RMB 1,615,847,000 in the same period of 2020[17] - The average daily traffic volume for the 高界高速公路 in Q3 2021 was 23,599 vehicles, up 6.53% from 22,152 vehicles in Q3 2020[15] - The toll revenue for the 高界高速公路 in Q3 2021 was RMB 220,686,000, which is a 3.90% increase from RMB 212,399,000 in Q3 2020[15] Government Subsidies and Investments - The company received government subsidies amounting to ¥2,559,921.28 during the reporting period, contributing to its financial performance[6] - The company’s long-term equity investments decreased to RMB 130,103,515.03 as of September 30, 2021, from RMB 136,982,397.72 at the end of 2020[22] - The company received CNY 30,269,883.70 in investment income, down from CNY 36,655,481.40 in the previous year[27] Other Financial Metrics - The weighted average return on equity for the year-to-date period was 9.34%, an increase of 4.96 percentage points year-on-year[5] - The company reported a decrease in total operating costs to ¥1,091,257,524.08 in the first three quarters of 2021, down from ¥1,162,529,446.67 in the same period of 2020, a reduction of 6.1%[24] - Investment properties amounted to ¥380,712,923.95 in Q3 2021, slightly down from ¥396,055,639.68 in Q3 2020, a decrease of 3.9%[23] - The company reported an increase in other income to ¥4,745,348.46 in the first three quarters of 2021, compared to ¥2,423,406.12 in the same period of 2020, a growth of 95.7%[24] Debt and Financing Activities - The company paid CNY 993,200,440.34 in debt repayment, compared to CNY 219,408,933.47 in the previous year, indicating a significant increase in debt servicing[27] - Cash inflow from financing activities was CNY 1,926,796,072.22, significantly higher than CNY 420,427,900.00 in the same period last year, marking an increase of 357.5%[27] Strategic Decisions - The company has decided to liquidate its financial project, 皖通典当, due to adverse industry conditions and increasing market competition[20] - The new toll fee standards were officially implemented on January 1, 2021, with a 5% discount for ETC users[18] - The total number of ordinary shareholders at the end of the reporting period was 24,932[11] - The total number of A-share shareholders was 24,863, while H-share shareholders numbered 69 as of the report date[14]