SDHS(600350)2024-10-29 09:18Financial Performance - Total operating revenue for Q3 2024 reached CNY 7,764,862,776.42, an increase of 19.33% compared to the adjusted revenue of CNY 6,506,898,346.83 in the same period last year[3]. - Net profit attributable to shareholders was CNY 883,227,930.28, reflecting a decrease of 2.74% from the adjusted net profit of CNY 908,068,612.96 in Q3 2023[3]. - The net profit excluding non-recurring gains and losses was CNY 860,325,890.96, which is a 6.99% increase compared to CNY 804,121,908.93 in the previous year[4]. - Basic earnings per share for Q3 2024 was CNY 0.152, down 4.40% from CNY 0.159 in Q3 2023[4]. - Total operating revenue for the first three quarters of 2024 reached ¥19.90 billion, an increase of 10.9% compared to ¥17.94 billion in the same period of 2023[29]. - Net profit for the first three quarters of 2024 was ¥3.18 billion, a decrease of 5.2% from ¥3.36 billion in the same period of 2023[30]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 4,677,244,241.82, which is a 5.53% increase compared to CNY 4,431,999,758.85 in the same period last year[4]. - Cash inflow from investment activities totaled CNY 5,665,912,584.75, significantly up from CNY 3,624,549,395.27 in the same period last year, marking a 56.4% increase[33]. - The net cash flow from financing activities was negative CNY 1,578,342,565.09, a decline from a positive CNY 1,884,023,117.73 in Q3 2023[34]. - Total assets at the end of Q3 2024 amounted to CNY 156,428,397,055.02, representing a 3.10% increase from CNY 151,719,888,222.33 at the end of the previous year[5]. - The company's cash and cash equivalents decreased to ¥3.89 billion from ¥4.44 billion, a decline of approximately 12.3%[25]. - The company's total liabilities increased to CNY 44,560,371,407.51, up from CNY 43,305,895,505.17 year-over-year[36]. Revenue Sources - The toll revenue for the first three quarters of 2024 was 7.569 billion RMB, a decrease of 7.44% year-on-year[14]. - The revenue from the Jiqing Expressway decreased by 13.62% compared to the same period last year, amounting to 2.444 billion RMB[15]. - The revenue from the Beijing-Taiwan Expressway related sections decreased by 2.56%, totaling 1.614 billion RMB[15]. - The revenue from the Jilai Expressway increased by 18.98%, reaching 408 million RMB[15]. - The company reported a net profit of 328 million RMB from rail transportation, with a year-on-year increase in freight volume of 8.3% to 86.21 million tons[19]. Shareholder Information - The company had a total of 37,431 common shareholders at the end of the reporting period[9]. - The company's total equity attributable to shareholders was ¥41.68 billion, a slight decrease from ¥41.70 billion, reflecting a marginal change in shareholder value[28]. Strategic Initiatives - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[6]. - The company is focusing on enhancing operational efficiency through measures like optimizing traffic control and developing new systems[14]. - The company is expanding its international business, achieving an export value of 177 million RMB for products like sleepers[19]. - The company plans to enhance customer service by promoting an appointment system to alleviate congestion and improve user satisfaction[24]. - The company aims to expedite the progress of key construction projects while ensuring safety and quality, with a focus on completing the Weilai Expressway expansion project[24]. Investment and Expenses - Research and development expenses for the first three quarters of 2024 were ¥300.68 million, a slight increase from ¥285.35 million in the previous year[29]. - The company completed investments of 1.986 billion RMB in the Jitai Expressway expansion project, with a total investment of 5.354 billion RMB to date[22]. - The company reported a decrease in financial expenses to ¥1.19 billion from ¥1.41 billion in the previous year, indicating improved cost management[29].