Zhongyuan Expressway(600020)2024-10-29 10:47Financial Performance - The company's operating revenue for Q3 2024 was CNY 1,961,641,384.73, representing a 40.56% increase compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was CNY 207,241,082.57, a decrease of 28.67% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 198,174,230.67, down 29.92% from the previous year[2]. - The basic earnings per share for Q3 2024 was CNY 0.0779, reflecting a decline of 32.32% compared to the same period last year[3]. - The weighted average return on equity decreased by 0.78 percentage points to 1.57% for Q3 2024[3]. - The company reported a net profit of CNY 6.25 billion for the first three quarters of 2024, compared to CNY 5.86 billion in the same period of 2023, representing a growth of approximately 6.7%[17]. - The company's net profit for the first three quarters of 2024 was approximately CNY 909.40 million, down 4.7% from CNY 954.17 million in the first three quarters of 2023[25]. - The total operating profit for the first three quarters of 2024 was approximately CNY 1.18 billion, a slight decrease of 2.7% compared to CNY 1.21 billion in the same period of 2023[25]. Revenue and Costs - The company's main business revenue for the transportation industry reached ¥3,374,655,427.01, with a year-on-year increase of 22.32%, while the cost of main business was ¥1,543,209,318.68, reflecting a decrease of 4.67%[13]. - The total number of common shareholders at the end of the reporting period is 57,808, with the largest shareholder, Henan Transportation Investment Group Co., Ltd., holding 1,013,313,285 shares, representing 45.09% of the total[7]. - The company reported a total main business income of ¥4,626,971,761.95 for the period, with a total cost of ¥2,763,525,722.14, resulting in a combined year-on-year increase of 22.32% in revenue and 52.27% in costs[13]. - Total operating revenue for Q3 2024 reached CNY 4,705,412,258.51, an increase from CNY 3,852,669,705.81 in Q3 2023, representing a growth of approximately 22.1%[18]. - Total operating costs increased to CNY 3,661,640,647.76 from CNY 2,842,688,656.23, marking a rise of about 28.8%[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 51,206,756,353.32, an increase of 2.29% from the end of the previous year[3]. - As of September 30, 2024, total assets amounted to CNY 51.21 billion, an increase from CNY 50.06 billion as of December 31, 2023, reflecting a growth of approximately 2.3%[15]. - Total liabilities reached CNY 36.08 billion, compared to CNY 35.30 billion, reflecting a growth of about 2.2%[16]. - The total liabilities increased to 35,646,453,137.28 RMB, compared to 34,585,051,834.49 RMB in the previous year, representing an increase of about 3.08%[24]. - The company's equity attributable to shareholders increased to CNY 15.13 billion from CNY 14.76 billion, a rise of approximately 2.5%[16]. - The total equity increased to 13,628,029,387.44 RMB, compared to 13,178,442,670.19 RMB in the previous year, reflecting an increase of about 3.42%[24]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 1,631,245,216.27, down 22.03% year-on-year[2]. - Cash flow from operating activities for the first nine months of 2024 was CNY 1,631,245,216.27, down from CNY 2,092,258,222.88 in the same period of 2023, a decrease of approximately 22.0%[20]. - The net cash flow from investment activities was -1,895,518,569.00 RMB, indicating a significant outflow compared to the previous period's outflow of -714,165,843.49 RMB[22]. - The cash inflow from financing activities totaled 13,142,410,000.00 RMB, compared to 8,563,954,321.20 RMB in the previous year, indicating a substantial increase of about 53.80%[22]. - The cash outflow for financing activities was 264,713,785.39 RMB, compared to 1,424,631,711.01 RMB in the previous year, showing a decrease in outflow[22]. Shareholder Information - The second-largest shareholder, China Merchants Highway Network Technology Holdings Co., Ltd., holds 346,704,888 shares, accounting for 15.43%[7]. - The top ten shareholders include several institutional investors, with the largest being state-owned entities, indicating strong institutional support[7]. - The company has no known related party relationships among its major shareholders, ensuring independent operations[10]. - The company has not engaged in any share lending or borrowing activities that would affect the shareholding structure during the reporting period[10]. Investment and Development - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and service offerings[17]. - The company’s research and development expenses remained minimal at CNY 850,000 for the first three quarters of 2024, indicating a focus on cost management[25].