招商公路(001965) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,025,990,680, representing a 16.30% increase compared to ¥1,742,021,334 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥1,349,407,335.81, up 23.57% from ¥1,092,050,625.50 in the previous year[4] - Basic earnings per share rose to ¥0.2109, a 25.46% increase from ¥0.1681 in the same period last year[5] - Operating profit for the quarter was CNY 1,536,722,839.46, reflecting a growth of 18.6% from CNY 1,295,473,897.22 in Q1 2022[26] - The net profit for Q1 2023 was CNY 1,445,212,774.16, an increase from CNY 1,202,430,837.33 in Q1 2022, representing a growth of approximately 20.2%[27] - The total comprehensive income for Q1 2023 was CNY 1,461,098,056.60, compared to CNY 1,172,636,548.59 in the same period last year, indicating a growth of approximately 24.6%[27] Cash Flow and Liquidity - The cash flow from operating activities increased significantly by 136.52%, reaching ¥717,567,797.02 compared to ¥303,383,572.45 in Q1 2022[5] - Net cash flow from operating activities surged by 136.52% to ¥717,567,797.02, influenced by a change in tax payment timing and reduced tax expenses[15] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 6,596,720,711.39, up from CNY 5,873,938,830.14, showing an increase of about 12.3%[30] - The company reported cash inflows from financing activities of CNY 3,425,457,813.22, compared to CNY 660,694,706.67 in the previous year, indicating a substantial increase of approximately 418.5%[30] - The net cash flow from investing activities was negative at CNY -581,742,103.54, worsening from CNY -452,837,837.61 in Q1 2022[30] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥118,554,626,628.74, reflecting a 3.11% increase from ¥114,930,280,157.83 at the end of the previous year[5] - Total current assets decreased to ¥11,595,801,792.47 from ¥12,079,927,540.76, with cash and cash equivalents rising to ¥6,630,272,909.48[21] - Total liabilities increased to CNY 49,370,928,279.92, compared to CNY 47,309,840,339.20 in the previous year[23] - Long-term borrowings rose to CNY 21,555,986,464.06, compared to CNY 19,051,309,942.68 in the previous year[23] Investments and Income - Investment income increased by 35.01% to ¥1,179,070,004.74, driven by a recovery in traffic volume and increased profits from associated companies[13] - The company reported an investment income of CNY 1,179,070,004.74, up from CNY 873,309,386.00 in Q1 2022[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,399[17] - The largest shareholder, China Merchants Group, holds 68.57% of the shares, totaling 4,241,425,880 shares[17] Expenses - Sales expenses increased by 94.28% to ¥27,199,418.52 due to the establishment of multiple regional subsidiaries and increased employee compensation[13] - Financial expenses rose by 40.22% to ¥277,046,263.35 primarily due to the consolidation of the Jing-Tai Expressway[13] - Research and development expenses rose to CNY 34,554,240, an increase of 28.5% from CNY 26,902,622.85 in Q1 2022[26] Accounting Policies - The company has implemented new accounting policies effective January 1, 2023, which may impact future financial reporting[5] Other Financial Metrics - The company reported a significant increase in long-term receivables, which rose by 938.19% to ¥3,145,734,694.80 due to reclassification of loans[12] - The company experienced a 51.54% increase in cash and cash equivalents, totaling ¥6,630,272,909.48 compared to ¥4,375,190,981.93 at the beginning of the year[12] - The company reported a 58.98% decrease in non-operating income to ¥5,465,733.95, primarily due to the absence of prior period income from long-term payables[13] - The other comprehensive income after tax for the parent company was CNY 15,885,282.44, a recovery from a loss of CNY -29,794,288.74 in the previous year[27]