深高速(600548) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 was CNY 2,102,886,631.30, a decrease of 6.39% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 600,157,956.65, down 1.55% year-on-year[2] - Net profit excluding non-recurring gains and losses for Q3 2024 was CNY 554,247,439.48, a decline of 9.69% compared to the same period last year[2] - Basic earnings per share for Q3 2024 was CNY 0.254, a decrease of 1.68% year-on-year[3] - Total operating revenue for the first three quarters of 2024 was CNY 5,859,778,932.60, a decrease of 8.01% compared to CNY 6,371,288,240.00 in the same period of 2023[23] - Net profit for the third quarter of 2024 was CNY 1,500,641,474.24, down from CNY 1,558,580,959.78 in the third quarter of 2023, representing a decline of 3.73%[25] - Basic earnings per share for the third quarter of 2024 was CNY 0.566, down from CNY 0.642 in the same quarter of 2023, a decrease of 11.85%[25] - The company’s total comprehensive income for the third quarter of 2024 was CNY 1,347,431,676.64, compared to CNY 1,227,044,364.20 in the same quarter of 2023, an increase of 9.81%[25] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 66,705,407,211.40, down 1.19% from the end of the previous year[3] - Total assets decreased to CNY 66,705,407,211.40 from CNY 67,507,469,090.77, a reduction of 1.19%[22] - Total liabilities decreased to CNY 38,957,652,482.96 from CNY 39,508,787,105.65, a decline of 1.39%[22] - Long-term borrowings increased significantly to CNY 14,419,081,986.43 from CNY 9,567,707,809.79, an increase of 50.66%[22] - The company’s long-term receivables increased to approximately RMB 3.28 billion, up from RMB 2.33 billion at the end of 2023, reflecting a growth of about 40.5%[20] - The company reported a decrease in total non-current assets to CNY 58,694,852,224.64 from CNY 60,555,694,624.69, a decline of 3.08%[22] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 2,751,908,590.91, down 8.05% year-on-year[3] - In the first three quarters of 2024, the company's cash inflow from operating activities was CNY 5,558,072,339.65, a decrease of 9.95% compared to CNY 6,171,271,475.15 in the same period of 2023[26] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 2,751,908,590.91, down 8.06% from CNY 2,992,715,053.98 in 2023[26] - Total cash inflow from investment activities increased to CNY 4,265,714,275.17 in 2024, up 31.31% from CNY 3,247,585,255.61 in 2023[26] - The net cash flow from investment activities was CNY 234,871,765.72, compared to CNY 62,751,299.49 in the previous year, marking a significant increase[26] - Cash inflow from financing activities reached CNY 18,734,393,966.25, an increase of 9.46% from CNY 17,117,634,438.95 in 2023[27] - The net cash flow from financing activities was negative at CNY -2,044,139,432.37, an improvement from CNY -3,276,066,981.44 in the same period last year[27] Shareholder Information - The total number of shareholders as of the report date was 18,128, with 17,889 A-share shareholders and 239 H-share shareholders[5] - The largest shareholder, HKSCC NOMINEES LIMITED, held 729,845,242 shares, representing 33.46% of the total shares[6] Operational Highlights - The average daily mixed traffic volume for the Meiguan Expressway in Shenzhen increased to 179, compared to 165 in the same period last year, with average toll revenue rising to RMB 463,000 from RMB 428,000[8] - The average daily mixed traffic volume for the Jihe East Section reached 333, up from 309, with toll revenue increasing to RMB 1,968,000 from RMB 1,823,000[8] - The average daily mixed traffic volume for the Jiangjiang Project was 236, compared to 199, with toll revenue rising to RMB 2,391,000 from RMB 1,915,000[10] - The average daily mixed traffic volume for the Outer Ring Project increased to 338 from 311, with toll revenue growing to RMB 3,460,000 from RMB 3,202,000[10] - The average daily mixed traffic volume for the Guangshen Expressway was 686, up from 631, with toll revenue reaching RMB 8,334,000 compared to RMB 7,918,000[10] Project Updates - The total organic waste processing volume for the Guizhou project was 47.35 thousand tons, while the Nanning project processed 45.36 thousand tons in Q3 2024[11] - The total operating revenue from the organic waste projects in Q3 2024 was RMB 182,202,270, compared to RMB 512,766,020 for the first nine months of 2024[12] - The company’s shareholding in the Yichang project decreased from 100% to 40% as of March 21, 2024, and it no longer consolidates the financials of Yichang project[10] - The company is in the process of transitioning the Shaoyang project to commercial operation starting September 2024, with a concession period extending to August 2054[13] - The company’s organic waste projects are expected to receive subsidies based on processing volume, although these figures are subject to audit and may differ from actual data[13] - The total revenue from wind power generation for the period of July to September 2024 was approximately RMB 31.32 million, with a total of 95,339.37 MWh generated[14] - For the first nine months of 2024, the wind power business generated revenue of approximately RMB 125.81 million, with a total of 400,854.46 MWh generated[14] Financing Activities - The company plans to issue up to 654 million A-shares, aiming to raise no more than RMB 4.703 billion for investment in external projects and debt repayment[16] - The company completed the issuance of super short-term financing bonds totaling RMB 1.5 billion with interest rates of 1.75% and 2.03% for different tranches[18][19] Cash and Current Assets - As of September 30, 2024, the company's cash and cash equivalents increased to approximately RMB 2.99 billion, up from RMB 2.15 billion at the end of 2023[20] - The company’s total current assets reached approximately RMB 8.01 billion, compared to RMB 6.95 billion at the end of 2023, indicating a growth of about 15.2%[20] - The company reported a decrease in cash received from sales of goods and services to CNY 5,390,646,466.45, down 8.75% from CNY 5,909,154,777.20 in 2023[26] - The company’s cash outflow for purchasing goods and services was CNY 968,333,940.85, a decrease of 27.25% compared to CNY 1,331,996,096.34 in the previous year[26] - The company did not receive any cash from new investments in 2024, compared to CNY 4,200,000.00 received in 2023[27]