Financial Performance - Operating revenue for the current period was CNY 963,551,993.82, representing a decline of 59.21% year-on-year [8]. - Net profit attributable to shareholders was CNY -32,726,431.30, with a significant decrease from CNY 1,034,435,704.26 in the previous year [8]. - Basic earnings per share were CNY -0.0065, compared to CNY 0.2053 in the previous year [8]. - The group reported an operating loss of approximately RMB 22,748 thousand and a net loss attributable to shareholders of approximately RMB 32,726 thousand, resulting in a loss per share of approximately RMB 0.0065 [20]. - The company's net profit for the upcoming reporting period is expected to decline significantly compared to the same period last year due to the ongoing free toll policy affecting operations [37]. - Total operating revenue for Q1 2020 was CNY 963,551,993.82, a decrease of 59.3% compared to CNY 2,362,097,802.05 in Q1 2019 [50]. - Net profit for Q1 2020 was a loss of CNY 44,087,170.51, compared to a profit of CNY 1,059,470,492.53 in Q1 2019 [51]. - Total comprehensive income for Q1 2020 was CNY -501,746,213.73, compared to CNY 1,296,999,213.06 in Q1 2019 [57]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 55,407,058,985.02, a decrease of 0.39% compared to the end of the previous year [7]. - The total net assets attributable to shareholders were CNY 27,833,318,542.64, a decrease of 2.50% from the previous year [7]. - Total current assets as of March 31, 2020, amounted to ¥6,040,471,221.24, slightly up from ¥6,026,637,306.82 at the end of 2019 [39]. - Total non-current assets decreased to ¥49,366,587,763.78 from ¥49,598,411,317.93 at the end of 2019 [40]. - Total liabilities increased to ¥23,400,383,403.25 from ¥22,942,211,489.26 at the end of 2019 [41]. - Total liabilities as of March 31, 2020, were CNY 12,140,815,251.09, an increase from CNY 12,007,667,559.19 as of December 31, 2019 [48]. Cash Flow - Net cash flow from operating activities was CNY 112,654,156.12, down 92.10% compared to CNY 1,426,162,773.65 in the same period last year [7]. - Cash flow from operating activities decreased by 92.10% to ¥112,654,156.12 compared to the same period last year, primarily due to the impact of the pandemic and free toll policies, leading to a significant reduction in toll revenue and pre-sale income from real estate projects [33]. - Cash flow from financing activities increased by 429.55% to ¥852,558,641.99, mainly due to increased cash from loans obtained by the group during the reporting period [35]. - Cash flow from investing activities for Q1 2020 was CNY -1,069,290,338.89, compared to CNY -1,675,597,235.35 in Q1 2019 [60]. - The net cash flow from financing activities was RMB 342.24 million in Q1 2020, compared to a negative RMB 87.33 million in the same period last year [65]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,040 [12]. - Jiangsu Transportation Holding Co., Ltd. held 54.44% of the shares, making it the largest shareholder [13]. - The total equity attributable to shareholders decreased to ¥27,833,318,542.64 from ¥28,546,983,607.15 at the end of 2019 [42]. Other Financial Metrics - The weighted average return on net assets was -0.12%, a decrease of 3.97 percentage points from 3.85% in the previous year [8]. - The group’s investment income was a loss of approximately RMB 50,170,240.28, compared to a profit of RMB 145,076,684.30 in the same period last year, mainly due to losses in joint ventures [28]. - Other comprehensive income after tax decreased significantly, with a net amount of approximately -704,894,383.21, primarily due to the decline in the fair value of other equity investments [30]. - The group’s deferred income tax liabilities decreased by approximately 48.85% to RMB 213,114,511.03, reflecting adjustments related to the fair value of other equity investments [24]. Business Operations - Revenue from the main toll road business was approximately RMB 559,628 thousand, down approximately 69.91% year-on-year, with an average daily toll income of RMB 4,172.35 thousand, a decrease of about 69.64% [19]. - Revenue from supporting businesses was approximately RMB 290,850 thousand, a decrease of about 4.58% year-on-year, with rental income increasing by approximately 4.09% to RMB 52,049 thousand [20]. - Real estate business revenue was approximately RMB 96,227 thousand, a decrease of about 48.93% year-on-year due to lower project delivery volumes [20]. - Other business revenue increased by approximately 87.42% year-on-year to RMB 16,848 thousand, mainly due to increased advertising revenue [20]. Governance - The board of directors includes independent non-executive members, ensuring governance and oversight [67]. - The company established a wholly-owned subsidiary in Hong Kong, completing registration in January 2020 [35].
江苏宁沪高速公路(00177) - 2020 Q1 - 季度财报