ANHUI EXPRESSWAY(SH:600012)2018-04-26 16:00Financial Performance - Operating revenue for the first quarter was RMB 728,444,474.11, a year-on-year increase of 1.64%[12] - Net profit attributable to shareholders decreased by 8.68% to RMB 268,062,776.36 compared to the same period last year[12] - The company reported a total profit of RMB 373,233,000, a decrease of 9.22% year-on-year[12] - The company reported a net profit warning for the year, indicating potential losses or significant changes compared to the previous year[29] - Net profit for Q1 2018 was CNY 264,333,984.41, a decrease of 11.32% from CNY 298,036,251.65 in Q1 2017[40] - Net profit for Q1 2018 was CNY 257,200,619.50, down from CNY 273,082,965.51, indicating a decrease of about 5.8% compared to the previous year[42] Asset and Liability Management - Total assets increased by 1.37% to RMB 14,369,664,013.17 compared to the end of the previous year[6] - The company's total assets amounted to ¥14,369,664,013.17, up from ¥14,176,003,506.16, reflecting a growth of approximately 1.4%[32] - Total liabilities decreased to ¥4,061,994,367.37 from ¥4,145,963,070.19, showing a reduction of about 2.0%[32] - The company's accounts payable decreased significantly from ¥765,351,783.89 to ¥506,786,769.75, a reduction of about 33.9%[32] - The company's long-term borrowings rose to ¥1,704,189,100.00 from ¥1,666,584,700.00, an increase of approximately 2.2%[32] Cash Flow Analysis - Cash flow from operating activities increased by 4.45% to RMB 501,582,496.88[6] - Cash received from other operating activities fell by 93.06% to RMB 3,085,770.65, largely due to the previous year's receipt of RMB 18 million from the Feidong toll station expansion[16] - Cash paid for purchasing goods and services decreased by 49.05% to RMB 38,466,653.03, reflecting reduced highway maintenance expenses compared to the previous year[16] - Cash flow from financing activities for Q1 2018 was a net inflow of CNY 95,575,546.46, compared to a net inflow of CNY 53,553,441.74 in the same period last year, marking an increase of approximately 78.4%[47] - Total cash and cash equivalents at the end of Q1 2018 amounted to CNY 2,131,118,764.08, compared to CNY 2,046,100,359.23 at the end of the previous year, reflecting a growth of about 4.2%[47] Investment and Revenue - Investment income increased by 120.54% to RMB 5,316,746.52, driven by substantial revenue growth from the associate company, Gaoshu Media[15] - The company reported an investment income of CNY 5,316,746.52, which is an increase from CNY 2,410,817.93 in Q1 2017[38] - Total toll revenue reached RMB 695,071,000, a 1.58% increase year-over-year, despite declines in several highway segments due to construction and competition[19] - The company granted policy-related toll exemptions totaling RMB 224 million in Q1 2018, a slight decrease of 0.44% compared to the previous year[21] - The company implemented a new toll discount policy for freight vehicles holding Anhui transportation cards, reducing fees by an additional 10% on top of the existing 5% discount[22] Shareholder Information - The total number of shareholders reached 29,050, with the top ten shareholders holding significant stakes[10] Operational Efficiency - The company plans to continue focusing on investment in infrastructure and technology to enhance operational efficiency and market expansion in the upcoming quarters[42] - The company's management expenses rose to CNY 18,727,963.09 from CNY 15,392,438.89, an increase of 15.19%[38] - The company incurred operating expenses of CNY 223,232,298.86 in Q1 2018, down from CNY 251,750,944.47 in the previous year, indicating a reduction of approximately 11.3%[46]