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山西路桥(000755) - 2022 Q4 - 年度财报
2023-04-27 16:00
Financial Performance - The company's operating revenue for 2022 was ¥1,613,501,483.19, a decrease of 2.89% compared to ¥1,661,525,547.70 in 2021[22]. - Net profit attributable to shareholders increased by 7.80% to ¥437,701,510.49 in 2022 from ¥406,031,378.26 in 2021[22]. - The net profit after deducting non-recurring gains and losses rose by 52.20% to ¥409,259,279.38 in 2022 compared to ¥268,891,895.61 in 2021[22]. - The company's cash flow from operating activities decreased by 14.17% to ¥1,212,140,302.68 in 2022 from ¥1,412,294,848.93 in 2021[22]. - Total assets at the end of 2022 were ¥12,726,440,670.48, down 5.30% from ¥13,438,620,155.08 at the end of 2021[22]. - The company's weighted average return on equity decreased to 10.13% in 2022 from 11.46% in 2021, a decline of 1.33%[22]. - The company's operating costs increased by 4.10% to ¥757,972,232.51 in 2022, compared to ¥728,114,265.04 in 2021[45]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a 15% growth compared to the previous year[116]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management, ensuring accountability[4]. - The company’s management team is committed to maintaining high standards of corporate governance and social responsibility[5]. - The company has established a performance evaluation system and incentive mechanism for directors and senior management, ensuring transparency and fairness[92]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and finances[95]. - The company has a robust internal governance structure, ensuring that the board of directors and supervisory board operate independently[101]. - The company has established independent financial management practices, including separate accounting systems and bank accounts[100]. - The company is committed to enhancing information disclosure and transparency, ensuring all investors have equal access to information[93]. Risk Management - The company has outlined potential risks and countermeasures in its future development outlook section, emphasizing the importance of risk awareness for investors[4]. - The company established a comprehensive risk management framework, achieving a 100% compliance rate for legal reviews of major decisions and contracts[38]. - The company faces risks from macroeconomic fluctuations, which could impact toll revenue and overall performance if economic growth slows[83]. - Changes in national industrial policies could affect the highway industry and the company's revenue, necessitating close monitoring of policy developments[84]. Strategic Plans - The company plans to expand its operations beyond its home province to participate in highway construction and maintenance in other provinces[31]. - The company is focusing on the development of smart highway operations as a new profit growth point in response to industry trends[31]. - Future strategies include transitioning from a single "operational service" model to a "service + capital operation" model, enhancing asset liquidity and capital appreciation[80]. - The company plans to diversify its operations into digital technology, smart transportation, and energy sectors to mitigate risks associated with reliance on a single industry[81]. - The company aims to become a "first-class large comprehensive transportation listed company" by enhancing asset scale, operational quality, and management standards, targeting a leading position in the domestic highway sector[78]. Legal Matters - The company is involved in multiple legal disputes, with some cases still pending in higher courts, indicating potential future financial implications[196]. - The company has ongoing litigation related to a construction contract dispute, with a claim amount of CNY 8.32 million, which the court has ruled against the company[196]. - The company faced a lawsuit involving a debt dispute with Hongdong Guangda Trading Company, with the amount in question being CNY 31.52 million[194]. - The company has not recognized any provisions for the lawsuits as of the reporting date, suggesting a strategy to contest the claims[194]. - The outcomes of these legal matters could influence the company's future cash flow and financial stability[196]. Environmental Compliance - The company has adhered to national environmental protection laws and regulations, ensuring no environmental pollution incidents occurred in 2022[152]. - The company implemented an upgraded sewage treatment system in October 2022, which became operational by the end of December 2022[148]. - The company has conducted quarterly environmental monitoring through a third-party firm, focusing on wastewater and noise levels[151]. - The company has established emergency response plans for environmental incidents, which were filed with the local environmental protection bureau[150]. Employee Management - The total number of employees at the end of the reporting period was 619, with 366 in production, 78 in technical roles, and 163 in administrative positions[134]. - The company has established a competitive and fair compensation management system to motivate employees effectively[135]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.586 million yuan[124]. - The company has implemented a comprehensive training program focusing on legal compliance, professional qualifications, highway investment operations, and green development[137]. Financial Commitments - The company guarantees that the shares obtained from the transaction will be prioritized for fulfilling performance compensation commitments and will not be pledged or sold before all obligations are met[160]. - The company has committed to not occupy any non-operating funds from the listed company or its subsidiaries, particularly concerning highway tolls and related receivables[159]. - The company has established a compensation mechanism for any shortfall in actual profits compared to the committed profits during the performance commitment period[171]. - The performance commitments for the years 2021, 2022, and 2023 are set at no less than 17,567.60 million yuan, 14,989.76 million yuan, and 16,058.97 million yuan respectively[171].
山西路桥(000755) - 2023 Q1 - 季度财报
2023-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2023 was ¥386,173,378.59, representing an increase of 11.84% compared to ¥345,304,137.31 in the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥128,082,329.67, a growth of 33.16% from ¥96,186,716.38 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥127,962,894.89, reflecting a 33.48% increase from ¥95,864,168.47 year-on-year[5] - The basic earnings per share for Q1 2023 was ¥0.0873, up 33.08% from ¥0.0656 in the same quarter last year[5] - Operating profit for Q1 2023 reached CNY 170,048,156.24, up from CNY 125,698,213.14 in Q1 2022, reflecting a growth of 35.2%[13] - Net profit attributable to the parent company was CNY 128,082,329.67, representing a 33.2% increase from CNY 96,186,716.38 in the previous year[14] - The company reported a basic and diluted earnings per share of CNY 0.0873, compared to CNY 0.0656 in the same quarter last year, indicating a 32.8% increase[14] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to ¥12,801,860,079.48, a slight increase of 0.59% from ¥12,726,440,670.48 at the end of the previous year[5] - Total assets at the end of Q1 2023 amounted to CNY 12,801,860,079.48, slightly up from CNY 12,726,440,670.48 at the beginning of the year[12] - Current assets increased to CNY 909,283,341.30 from CNY 709,690,521.01, marking a growth of 28.1%[11] - Total liabilities decreased to CNY 8,133,464,380.77 from CNY 8,186,127,301.44, a reduction of 0.6%[12] - The company’s total non-current assets decreased to CNY 11,892,576,738.18 from CNY 12,016,750,149.47, a decline of 1.0%[11] - Accounts payable decreased to CNY 276,975,804.02 from CNY 343,968,401.91, a decrease of 19.5%[11] Cash Flow - The net cash flow from operating activities for Q1 2023 was ¥270,140,259.12, down 10.29% from ¥301,132,594.76 in the same period last year[5] - Operating cash inflow for the first quarter was CNY 405,671,634.19, an increase from CNY 394,373,980.05 in the previous period, representing a growth of approximately 0.33%[16] - Total cash outflow from operating activities was CNY 135,531,375.07, compared to CNY 93,241,385.29 in the previous period, indicating a significant increase of approximately 45.3%[16] - Cash outflow for purchasing goods and services was CNY 62,714,202.55, up from CNY 44,952,064.75, marking an increase of approximately 39.5%[16] - Cash flow from investment activities was negative at CNY -9,007,942.77, worsening from CNY -4,151,008.91 in the previous period[16] - Cash outflow for financing activities was CNY 62,952,110.00, down from CNY 74,615,932.67, indicating a reduction of about 15.7%[16] - The net increase in cash and cash equivalents for the period was CNY 198,180,206.35, compared to CNY 222,365,653.18 in the previous period, a decrease of approximately 10.9%[16] - The ending balance of cash and cash equivalents was CNY 779,917,625.74, down from CNY 985,389,294.74, reflecting a decline of about 20.9%[16] - The company’s cash flow from operating activities remains strong despite the increase in cash outflows, indicating effective management of operational expenses[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,645[8] Government Subsidies - The company received government subsidies amounting to ¥129,785.70 during the reporting period[6] Audit Status - The first quarter report was not audited, which may impact the perception of financial reliability[17]
山西路桥(000755) - 2022 Q3 - 季度财报
2022-10-25 16:00
Revenue and Profit - Revenue for Q3 2022 was CNY 431,561,432.94, an increase of 1.69% year-over-year[6] - Net profit attributable to shareholders for Q3 2022 was CNY 123,357,796.27, up 25.32% compared to the same period last year[6] - Net profit excluding non-recurring gains and losses for Q3 2022 was CNY 123,165,474.08, a significant increase of 62.21% year-over-year[6] - Net profit for the period was CNY 360,066,153.82, an increase from CNY 337,109,438.16, representing a growth of about 6.8%[30] - The company reported a total comprehensive income of CNY 360,066,153.82, compared to CNY 337,109,438.16 in the previous period, showing an increase of approximately 6.8%[31] Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 12,861,545,082.90, a decrease of 4.29% from the end of the previous year[6] - The company's total liabilities were reported at ¥8,398,867,070.53, down from ¥9,336,008,296.53[25] - Cash and cash equivalents decreased to ¥609,801,832.61 from ¥763,024,141.56[19] - The total current liabilities decreased to ¥1,470,276,486.39 from ¥1,759,491,393.17, a reduction of approximately 16.4%[25] - Long-term borrowings were reported at ¥6,755,270,000.00, down from ¥7,362,770,000.00, indicating a decrease of about 8.2%[25] Shareholder Equity - Shareholder equity attributable to the parent company increased to CNY 4,462,678,012.37, reflecting an 8.78% increase compared to the end of last year[6] - The company's equity attributable to shareholders increased to ¥4,462,678,012.37 from ¥4,102,611,858.55, reflecting a growth of approximately 8.8%[25] Cash Flow - The company reported a net cash flow from operating activities of CNY 959,929,450.84, down 4.24% year-over-year[6] - Cash flow from operating activities generated a net amount of CNY 959,929,450.84, down from CNY 1,002,397,036.25, indicating a decrease of about 4.2%[35] - Cash and cash equivalents at the end of the period totaled CNY 609,801,332.61, down from CNY 2,089,180,294.54, a decrease of about 70.8%[35] Expenses - The company’s management expenses decreased by 35.65% year-over-year to CNY 24,054,700[11] - The company experienced a significant increase in tax expenses, which rose to CNY 153,756,737.66 from CNY 44,093,499.02, reflecting an increase of approximately 248%[32] - The company’s financial expenses decreased to CNY 223,781,272.59 from CNY 306,880,940.66, representing a reduction of approximately 27%[28] Operational Metrics - The company’s basic earnings per share for Q3 2022 was CNY 0.0841, representing a 13.34% increase compared to the same period last year[6] - Basic earnings per share for the period were CNY 0.2454, slightly down from CNY 0.2541 in the previous period[31] - Total operating costs for the period were CNY 735,649,577.33, compared to CNY 826,377,792.90 in the previous period, reflecting a decrease of approximately 11%[28] - Operating profit increased to CNY 469,185,805.51 from CNY 397,392,950.30, marking an increase of approximately 18.1%[28] Accounts Receivable and Inventory - The company’s accounts receivable decreased by 43.96% to CNY 72,117,800 at the end of the reporting period[11] - Accounts receivable dropped to ¥72,117,844.77 from ¥128,698,739.87, reflecting a significant reduction of approximately 44%[19] - The company's inventory increased to ¥1,152,797.46 from ¥1,044,446.66, showing a growth of about 10.4%[22] Investments - The company’s construction in progress increased by 46.29% to CNY 24,435,200 due to investments in new projects[11] - Research and development expenses amounted to CNY 125,000.00, indicating ongoing investment in innovation[28]
山西路桥(000755) - 2022 Q2 - 季度财报
2022-08-24 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was ¥772,338,826.74, a decrease of 3.32% compared to the same period last year[27]. - The net profit attributable to shareholders was ¥236,708,357.55, reflecting a slight decrease of 0.83% year-on-year[27]. - The net profit after deducting non-recurring gains and losses increased significantly by 117.24% to ¥235,854,839.60[27]. - The net cash flow from operating activities was ¥593,149,911.38, down 4.26% from the previous year[27]. - Basic earnings per share decreased by 10.34% to ¥0.1613[27]. - The total assets at the end of the reporting period were ¥13,219,199,688.36, a decrease of 1.63% compared to the end of the previous year[27]. - The net assets attributable to shareholders increased by 5.77% to ¥4,339,320,216.10[27]. - The company's income tax expense increased by 92.98% to ¥72,487,052.59, influenced by the expiration of tax incentives[44]. - The company's financial expenses decreased by 28.00% to ¥152,068,083.02, due to lower loan interest rates from subsidiaries[41]. - The company's cash and cash equivalents net increase was ¥53,276,505.99, a decline of 74.82% compared to the previous year[44]. Capital and Investments - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has completed the registration capital change to ¥1,467,310,196 due to the issuance of shares for asset acquisition[24]. - The company's research and development investment was ¥87,500.00, marking a 100% increase due to the development of an "intelligent EPS management system"[44]. - The total amount of raised funds in 2021 was 48,005.74 million RMB, with 4,830.92 million RMB used during the reporting period[55]. - The cumulative amount of raised funds used as of June 30, 2022, is 48,125.05 million RMB, with no remaining balance of raised funds[55]. - The company has fully utilized the raised funds for debt repayment and working capital, achieving a 100% investment progress for the debt repayment project[55]. Operational Highlights - The company operates a total of 162.254 kilometers of toll highways, with the main revenue source being toll fees collected from vehicles[39]. - Shanxi Luqiao's subsidiary Yuhe Expressway achieved operating revenue of approximately CNY 382.68 million and net profit of CNY 108.17 million, contributing significantly to the company's overall performance[65]. - The company signed large customer agreements with 14 enterprises to enhance revenue generation capabilities and improve operational efficiency[65]. - The company reported an increase in road area economic revenue of over CNY 2 million in the first half of 2022, indicating successful business expansion efforts[68]. - The company is focusing on enhancing service quality and efficiency through the promotion of differentiated tolls and the construction of LNG refueling stations and charging stations[68]. Risk Management and Compliance - The company faces risks from macroeconomic fluctuations, which could impact toll revenue and overall performance[69]. - The company is enhancing its risk management strategies, including regular inspections of road conditions to mitigate the impact of extreme weather events[72]. - The company emphasizes the importance of pandemic prevention measures while maintaining production and operational safety[72]. - The company has not faced any environmental pollution incidents in the first half of 2022[85]. - Environmental monitoring was conducted by Shanxi Huanyuan Runsheng Environmental Technology Co., Ltd., with results meeting standards[87]. Corporate Governance - The annual shareholders' meeting had a participation rate of 79.01% on May 18, 2022[76]. - The company has made no changes to its board of directors or senior management during the reporting period[79]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[81]. - The company has committed to timely disclosure of restructuring-related information in compliance with relevant laws and regulations[114]. - The company has confirmed that it does not have any insider trading related to the restructuring[115]. Legal Matters - The company has faced a lawsuit involving a debt dispute amounting to 31.52 million yuan, which has been appealed[153]. - The company has a pending lawsuit regarding a construction contract dispute with a claim amount of 83.20 million yuan[156]. - The company is involved in a lawsuit where it is required to pay 1.01 million yuan in project payments and interest to Jiangsu Space New Sheng Construction Engineering Co., Ltd.[165]. - A court ruling mandated the company to pay 3.89 million yuan for project costs related to Sichuan Hengtai Environmental Technology Co., Ltd.[167]. - The company is facing a claim for 1.54 million yuan from Shanxi Sanwei Huabang Group Co., Ltd. for unpaid goods[169]. Environmental Initiatives - The company has implemented measures to control pollution along highways, including the use of sewage treatment facilities[85]. - The company has completed upgrades to sewage systems at service stations, ensuring compliance with urban sewage reuse standards[85]. - The company has received various environmental impact assessment approvals for its projects since 2008[86]. - The company has established an emergency response plan for environmental incidents, registered in October 2017[87].
山西路桥(000755) - 关于参加山西辖区上市公司2022年投资者网上集体接待日暨年报业绩说明会活动的公告
2022-06-17 09:17
证券代码:000755 证券简称:山西路桥 公告编号:2022—22 山西路桥股份有限公司 关于参加"山西辖区上市公司 2022 年投资者网上 集体接待日暨年报业绩说明会"活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流,便于广大投资者更全面 地了解公司治理、发展战略、经营状况和可持续发展等投资者关 心关注的问题,山西路桥股份有限公司定于 2022 年 6 月 23 日(周 四)15:00-16:30 参加在全景网举办的"真诚沟通 传递价值" 山西辖区上市公司 2022 年投资者网上集体接待日暨年报业绩说 明会活动,现将有关事项公告如下: 1.活动时间:2022 年 6 月 23 日(周四)15:00-16:30。 2.活动方式:本次活动将采用网络远程的方式举行,投资者 可登录"全景• 路演"(http://rs.p5w.net)参与本次互动交 流。 3.参加人员:公司总经理、财务总监、董事会秘书及相关部 门负责人。 欢迎广大投资者积极参与。 特此公告 山西路桥股份有限公司董事会 2022年6月17日 ...
山西路桥(000755) - 2022 Q1 - 季度财报
2022-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2022 was ¥345,304,137.31, a decrease of 6.94% compared to the adjusted revenue of ¥371,073,175.14 in the same period last year[2] - Net profit attributable to shareholders for Q1 2022 was ¥96,186,716.38, representing an increase of 2.86% from the adjusted net profit of ¥93,508,651.97 in the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 136.17% year-on-year, amounting to ¥95,864,168.47[5] - Total operating revenue for Q1 2022 was 125,698,213.14 CNY, an increase from 111,981,728.83 CNY in Q1 2021, representing a growth of approximately 11.5%[13] - Net profit for Q1 2022 reached 96,186,716.38 CNY, compared to 93,508,651.97 CNY in the same period last year, showing an increase of about 2.9%[14] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2022 was ¥301,132,594.76, showing a slight decrease of 0.33% compared to the adjusted figure of ¥302,138,877.93 from the previous year[2] - Cash and cash equivalents increased to CNY 985,389,794.74 from CNY 763,024,141.56, representing a growth of about 29.2%[10] - Cash and cash equivalents at the end of Q1 2022 totaled 985,389,294.74 CNY, compared to 1,323,776,687.97 CNY at the end of Q1 2021, indicating a decrease of approximately 25.6%[18] - The total cash outflow from financing activities in Q1 2022 was 74,615,932.67 CNY, down from 104,020,069.45 CNY in Q1 2021, indicating a decrease of about 28.3%[18] Assets and Liabilities - The total assets of the company at the end of Q1 2022 were ¥13,517,885,013.66, reflecting a 0.59% increase from ¥13,438,620,155.08 at the end of the previous year[3] - Total current assets rose to CNY 1,101,611,227.56, up from CNY 903,275,136.12, indicating an increase of around 22%[10] - Total liabilities decreased to CNY 9,319,086,438.73 from CNY 9,336,008,296.53, a reduction of approximately 0.2%[12] Shareholder Equity - The equity attributable to shareholders increased by 2.34% to ¥4,198,798,574.93 compared to ¥4,102,611,858.55 at the end of the previous year[3] - The company's equity attributable to shareholders increased to CNY 4,198,798,574.93 from CNY 4,102,611,858.55, showing a growth of about 2.3%[12] Earnings and Expenses - The basic earnings per share for Q1 2022 was ¥0.0656, a decrease of 6.95% from ¥0.0705 in the same period last year[2] - The weighted average return on net assets for Q1 2022 was 2.32%, down from 2.86% at the end of the previous year[3] - The company reported a total operating cost of 219,746,219.47 CNY in Q1 2022, down from 259,223,876.40 CNY in Q1 2021, reflecting a reduction of about 15.2%[13] - Financial expenses decreased to 77,034,399.23 CNY in Q1 2022 from 105,731,261.39 CNY in Q1 2021, a decline of approximately 27.3%[13] - The company incurred tax expenses of 29,759,335.62 CNY in Q1 2022, compared to 17,151,793.90 CNY in Q1 2021, an increase of approximately 73.5%[13] Other Information - The company received government subsidies amounting to ¥122,428.14 during the reporting period[6] - The total number of ordinary shareholders at the end of the reporting period was 33,621[9] - Accounts receivable decreased to CNY 104,470,788.35 from CNY 128,698,739.87, a decline of approximately 18.8%[10] - Inventory increased to CNY 1,134,033.48 from CNY 1,044,446.66, an increase of approximately 8.6%[10] - Short-term borrowings were not reported, indicating a potential focus on maintaining liquidity[12] - The company reported a net loss of CNY 340,568,518.24, an improvement from a loss of CNY 436,755,234.62 in the previous period[12] - The company reported other income of 140,295.30 CNY in Q1 2022, slightly up from 132,430.09 CNY in Q1 2021, an increase of approximately 5.0%[13]
山西路桥(000755) - 2021 Q4 - 年度财报
2022-04-27 16:00
Acquisition and Restructuring - The company completed the acquisition of 100% equity in Shanxi Pingyu Expressway Co., Ltd. through a share issuance in August 2021[21]. - The controlling shareholder changed to Shanxi Provincial Expressway Group Co., Ltd. after the acquisition, holding 857,266,275 shares[21]. - The company completed the acquisition of 100% equity in Pingyu Expressway during the reporting period, leading to adjustments in financial data[30]. - The asset restructuring completed in 2021 included the acquisition of 100% equity in Shanxi Pingyu Highway Co., significantly expanding the company's operational scale[49]. - The company completed the asset purchase through share issuance for Shanxi Pingyu Expressway Co., Ltd., with no issues encountered during the integration[147]. - The company completed the acquisition of 100% equity in Shanxi Pingyu Expressway Co., Ltd. by issuing 857 million shares, with the transaction approved by the China Securities Regulatory Commission on July 2, 2021[198]. Financial Performance - The company's operating revenue for 2021 was ¥1,661,525,547.70, representing a 52.67% increase compared to the adjusted revenue of ¥1,088,312,667.72 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥406,031,378.26, a significant increase of 403.49% from the adjusted net profit of -¥133,788,899.20 in 2020[25]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥268,891,895.61, an increase of 839.38% compared to -¥36,366,970.46 in 2020[25]. - The total assets at the end of 2021 were ¥13,438,620,155.08, a decrease of 7.03% from the adjusted total assets of ¥14,454,481,414.40 at the end of 2020[25]. - The net assets attributable to shareholders at the end of 2021 were ¥4,102,611,858.55, an increase of 27.35% from the adjusted net assets of ¥3,221,583,199.59 at the end of 2020[25]. - The company reported a basic earnings per share of ¥0.2982 for 2021, a 395.54% increase from -¥0.1009 in 2020[25]. - The company achieved a net profit of 250,306,057.48 yuan after deducting non-recurring gains and losses, fulfilling its performance commitment[200]. Revenue Sources and Operations - The revenue from highway toll operations accounted for 98.78% of total revenue, amounting to ¥1,641,332,003.72, which is a 55.84% increase from ¥1,053,197,768.90 in the previous year[44]. - The company's operating costs for the highway toll industry were ¥728,114,265.04, reflecting a slight increase of 2.54% from ¥710,044,825.26 in 2020[48]. - The company operates a total of 162.254 kilometers of toll roads, primarily through its wholly-owned subsidiaries[37]. - The company is focusing on expanding its operations beyond its home province to enhance sustainable development in the face of regional market saturation[36]. - The company achieved a toll revenue target through enhanced marketing efforts and operational audits, successfully completing its revenue goals for the year[85]. Risk Management and Governance - The company emphasizes the importance of risk awareness regarding future plans and goals[4]. - The company has strengthened its risk management capabilities, ensuring no production or traffic safety accidents occurred throughout the year[41]. - The company faces risks from macroeconomic fluctuations, policy changes, and natural disasters, which could impact toll revenue and operational performance[89]. - Measures to mitigate risks include improving service quality, advancing smart highway construction, and enhancing emergency response plans[90]. - The company has established a long-term mechanism to prevent the controlling shareholder and related parties from occupying company funds, which was approved in the board meeting on April 27, 2021[155]. Investor Relations and Transparency - The company has established a dedicated email for investor relations inquiries[17]. - The company has actively engaged in investor relations management, providing accurate and timely information disclosure through various channels[101]. - The company guarantees to return any occupied funds within 30 days and will compensate at three times the prevailing bank loan interest rate for the actual days of occupation[178]. - The company is focused on maintaining transparency and fulfilling information disclosure obligations in all related transactions[200]. Environmental and Social Responsibility - The company has not faced any administrative penalties due to environmental issues during the reporting period[158]. - The company completed the renovation of the sewage system in its service areas by November 2019, ensuring compliance with environmental standards[159]. - The company has implemented measures to reduce environmental noise impact on nearby residents by installing sound barriers along sensitive points near highways[159]. - The company has engaged in various community service activities, including donations totaling CNY 14,450[169]. - The company has focused on environmental protection by addressing issues along highway routes, aiming for a "garbage-free road"[167]. Management and Compensation - The total pre-tax remuneration for senior management was 258.92 million CNY for the reporting period[124]. - The remuneration for the vice chairman and general manager, Li Wujun, was 38.24 million CNY[124]. - The independent directors received a remuneration of 6 million CNY each[124]. - The company established a new compensation management method for senior management on January 22, 2021[123]. - The independent director's allowance was increased from 3,000 CNY/month to 5,000 CNY/month[123]. Future Plans and Strategic Focus - Future development goals include becoming a leading comprehensive transportation listed company in China, emphasizing technological innovation and capital operation[87]. - The company plans to continue expanding its highway network and enhancing service quality through strategic capital operations and management improvements[38]. - The company plans to invest 300 million RMB in infrastructure upgrades over the next three years to support growth initiatives[120]. - The company is planning to expand its market presence in the southern regions of China, targeting a 25% increase in market share by 2023[120]. - The company has completed a strategic acquisition of a local construction firm for 200 million RMB, aimed at enhancing its project capabilities[120].
山西路桥(000755) - 2021 Q3 - 季度财报
2021-10-27 16:00
Financial Performance - The company's operating revenue for Q3 2021 was CNY 424,401,835.10, representing a 13.59% increase compared to the same period last year (CNY 373,619,079.82) after adjustments[5] - The net profit attributable to shareholders for Q3 2021 was CNY 98,430,791.15, a decrease of 16.88% from the adjusted figure of CNY 118,415,113.60 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 75,931,873.80, reflecting a 27.45% increase compared to the previous year's adjusted figure of CNY 59,578,611.52[5] - The company's basic earnings per share for Q3 2021 was CNY 0.0742, down 16.91% from CNY 0.0893 in the previous year[5] - The company's total operating income for the year-to-date reached CNY 1,223,291,649.17, a 94.39% increase from CNY 629,308,692.78 in the same period last year[8] - The company's operating profit for Q3 2021 was CNY 397,392,950.30, a substantial increase of 280.89% compared to the loss of CNY 219,685,091.74 in the previous year[8] - Net profit for the current period was ¥337,109,438.16, recovering from a net loss of ¥189,751,250.76 in the previous period[19] - Earnings per share (EPS) for the current period was ¥0.2541, compared to a loss per share of ¥0.1430 in the previous period[22] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 1,002,397,036.25, a significant increase of 140.28% compared to CNY 417,173,447.42 in the same period last year[5] - The net cash flow from operating activities for Q3 2021 was ¥1,002,397,036.25, a significant increase from ¥417,173,447.42 in Q3 2020, representing a growth of approximately 140%[25] - The total cash inflow from financing activities reached ¥9,097,156,839.00, compared to ¥100,000,000.00 in the same period last year, indicating a substantial increase in financing efforts[25] - The cash and cash equivalents at the end of Q3 2021 amounted to ¥2,089,180,294.54, up from ¥404,409,035.79 at the end of Q3 2020, reflecting a strong liquidity position[26] - The total cash outflow from operating activities was ¥321,612,948.73, down from ¥483,374,975.21 in the previous year, indicating improved operational efficiency[25] Assets and Liabilities - The total assets as of September 30, 2021, were CNY 14,958,696,924.71, showing a 3.49% increase from the previous year-end[5] - The company's total assets as of September 30, 2021, amount to approximately CNY 14.96 billion, an increase from CNY 14.45 billion at the end of 2020[15] - Total liabilities decreased to ¥10,924,866,226.96 from ¥11,232,898,214.81, reflecting a reduction of approximately 2.7%[17] - The equity attributable to shareholders increased by 25.21% to CNY 4,033,830,697.75 compared to the previous year-end[5] - Total equity attributable to shareholders increased to ¥4,033,830,697.75 from ¥3,221,583,199.59, marking an increase of about 25.2%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,936[9] - The largest shareholder, Shanxi Provincial Highway Group Co., Ltd., holds 64.62% of the shares, totaling 857,266,275 shares[9] - The total number of shares after the completion of the asset acquisition and fundraising is 1,467,310,196 shares[13] Operational Efficiency - The company's inventory decreased to CNY 875,915.14 from CNY 1,336,960.07 year-over-year[15] - The company's accounts receivable decreased to CNY 198,373,674.15 from CNY 242,147,767.22 year-over-year[14] - The company reported a decrease in employee compensation payable from CNY 19,014,027.00 to CNY 9,643,536.23 year-over-year[15] - The cash outflow for purchasing goods and services was ¥73,595,315.96, slightly higher than ¥71,058,087.19 in Q3 2020, reflecting stable operational costs[25] - The cash outflow for employee compensation increased to ¥63,150,580.70 from ¥53,937,144.00, indicating a rise in workforce costs[25] - The cash outflow for taxes paid was ¥44,093,499.02, a decrease from ¥52,443,508.03, suggesting improved tax efficiency[25] Strategic Initiatives - The company has completed the acquisition of Pingyu Expressway Company, which is now a wholly-owned subsidiary[13] - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[19] - Research and development expenses were not explicitly detailed, but management indicated a focus on innovation and new product development in future strategies[19] - The company reported a decrease in financial expenses, with interest expenses at ¥306,880,940.66, down from ¥369,616,426.62 in the previous period, suggesting improved cost management[19] Government Support - The company reported a significant increase in government subsidies, totaling CNY 141,920.76 for the current period, contributing to overall financial performance[6]
山西路桥(000755) - 2021 Q2 - 季度财报
2021-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was ¥428,217,811.16, representing a 162.50% increase compared to ¥163,130,165.19 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached ¥105,772,964.82, a significant turnaround from a loss of ¥146,515,747.16 in the previous year, marking a 172.19% increase[23]. - Basic earnings per share were ¥0.2254, compared to a loss of ¥0.3122 per share in the same period last year, reflecting a 172.20% improvement[23]. - The total profit for the first half of 2021 was ¥123,863,462.73, compared to a loss of ¥146,481,729.62 in the first half of 2020, indicating a significant recovery[180]. - The company reported a significant increase in investment income, with a total of ¥399,024,845.41 in the first half of 2021, compared to no reported income in the same period of 2020[185]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥266,420,620.65, up 295.30% from ¥67,397,766.54 in the same period last year[23]. - Total cash inflow from operating activities was CNY 456,548,315.63, while cash outflow was CNY 190,127,694.98, resulting in a net cash inflow of CNY 266,420,620.65[187]. - Cash flow from financing activities showed a net outflow of CNY 268,634,875.89, compared to a net outflow of CNY 256,272,383.01 in the previous period, indicating a slight increase in cash outflow[188]. - Cash and cash equivalents at the end of the period were CNY 315,980,729.57, a decrease from CNY 318,410,256.81 at the beginning of the period[188]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,978,877,675.13, a decrease of 1.91% from ¥8,134,365,317.32 at the end of the previous year[23]. - The company’s total liabilities decreased from CNY 6,969,479,265.39 to CNY 6,708,218,658.38, a reduction of approximately 3.74%[174]. - The company’s long-term borrowings amounted to ¥4,416,770,000.00, representing 55.36% of total liabilities, an increase from 53.14% in the previous year[39]. Operational Highlights - The company’s total toll road operating mileage increased from 79.188 kilometers to 162.254 kilometers following the acquisition of Pingyu Company, which operates an additional 83.066 kilometers of highway[29]. - The revenue from toll road concession projects reached ¥419,872,699.29, accounting for 98.05% of total operating revenue, with a year-on-year growth of 187.82%[34]. - The operating costs increased by 3.72% to ¥164,335,347.56, while the gross profit margin improved to 61.62% from 58.75% in the previous year[37]. Corporate Governance and Compliance - The company has committed to reducing and regulating related party transactions, ensuring fair pricing and compliance with legal procedures[74]. - The company guarantees that all information provided during the restructuring is true, accurate, and complete, with no false records or misleading statements[81]. - The company has not faced any administrative or criminal penalties related to the securities market in the last five years, ensuring a clean compliance record[86]. Future Plans and Strategies - The company plans to enhance its asset securitization rate and integrate highway assets in Shanxi province to improve sustainable development and risk resistance capabilities[30]. - The company plans to enhance service quality and operational management in line with national development goals towards high-quality growth[52]. - The company aims to accelerate the construction of smart highways to enhance its core competitiveness[53]. Risks and Challenges - The company has outlined potential risks and countermeasures in its report, urging investors to remain aware of these risks[5]. - The company is implementing measures to prevent and respond to natural disaster risks, including regular inspections and emergency response plans[53]. - The company emphasizes the importance of ongoing pandemic prevention and safety production measures[53].
山西路桥:关于参加山西辖区上市公司2021年度投资者网上集体接待日活动的公告
2021-06-17 12:17
证券代码:000755 证券简称:山西路桥 公告编号:2021—50 山西路桥股份有限公司 关于参加"山西辖区上市公司 2021 年度投资者网上 集体接待日暨年报业绩说明会"活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 为加强与广大投资者的沟通交流,便于广大投资者更深入全面地 了解公司治理、发展战略、经营状况和可持续发展等投资者关注的问 题,山西路桥股份有限公司(以下简称"公司")将于 2021 年 6 月 22 日参加"山西辖区上市公司 2021 年度投资者网上集体接待日暨年 报业绩说明会"活动,现将有关事项公告如下: 1、活动时间:2021 年 6 月 22 日(星期二)15:00-17:00。 2、活动方式:本次活动将采用网络远程的方式举行,投资者可 登录"全景•路演天下"(http://rs.p5w.net)参与本次互动交流。 3、参加人员:公司总经理、董事会秘书、财务总监及相关部门 负责人。 欢迎广大投资者积极参与。 特此公告 山西路桥股份有限公司董事会 2021年6月17日 ...