SZEW(SH:600548)2015-04-28 16:00Financial Performance - Operating revenue for the period was CNY 739,317,826.20, down 12.51% year-on-year[11]. - Net profit attributable to shareholders of the listed company rose by 7.62% to CNY 255,829,315.71[11]. - Basic earnings per share increased by 7.62% to CNY 0.117 per share[11]. - The company achieved operating revenue of 739,318 thousand RMB in Q1 2015, a decrease of 12.51% compared to 845,001 thousand RMB in the same period of 2014[21]. - Toll revenue amounted to 703,585 thousand RMB, down 7.81% from 763,223 thousand RMB year-on-year, primarily due to the adjustment of tolls on the Meiguan Expressway[21][22]. - The net profit attributable to shareholders was 255,829 thousand RMB, reflecting a year-on-year increase of 7.62% from 237,709 thousand RMB, driven by strong performance from the Jihua Expressway and reduced financial costs[21]. - Total operating revenue decreased to ¥739,317,826.20 from ¥845,000,680.43, a decline of approximately 13%[36]. - Total profit amounted to ¥341,374,528.32, up from ¥327,641,584.92, indicating an increase of approximately 4%[36]. - The company’s comprehensive income totalled ¥270,817,902.65, slightly up from ¥267,868,155.27, marking a growth of around 1%[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,300,549,725.94, a decrease of 0.12% compared to the end of the previous year[9]. - The company's total liabilities as of March 31, 2015, were approximately CNY 10.91 billion, down from CNY 11.21 billion at the beginning of the year[31]. - The company reported a total equity of approximately CNY 13.39 billion as of March 31, 2015, compared to CNY 13.12 billion at the beginning of the year[31]. - The company’s long-term investments amounted to approximately CNY 1.72 billion as of March 31, 2015, slightly up from CNY 1.70 billion at the beginning of the year[30]. - The total outstanding borrowings at the end of the reporting period were 8.02 billion RMB, down from 9.06 billion RMB at the end of 2014[23]. - The company’s debt-to-asset ratio stood at 44.89% at the end of the reporting period[23]. Cash Flow - The net cash flow from operating activities was negative at CNY -29,143,445.98, compared to CNY 440,531,379.70 in the same period last year[9]. - Cash flow from operating activities showed a net outflow of ¥29,143,445.98, compared to a net inflow of ¥440,531,379.70 in the previous period[42]. - Cash inflow from investment activities was $118,675,521.02, down significantly from $456,316,285.98, a decrease of 74.0%[44]. - The net increase in cash and cash equivalents was $51,492,310.63, down from $238,608,906.66, a decrease of 78.5%[44]. - The ending balance of cash and cash equivalents was $657,123,327.29, slightly up from $654,156,173.48 in the previous period[44]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,532, with 36,272 A-share shareholders and 260 H-share shareholders[12]. - The top shareholder, HKSCC NOMINEES LIMITED, held 710,617,098 shares, accounting for 32.59% of the total shares[14]. Expenses and Costs - Financial expenses decreased by 40.50% to 79,990 thousand RMB due to a reduction in average borrowing scale[23]. - The company reported a significant increase in sales expenses, which rose by 1,934.58% to 2,218 thousand RMB due to increased pre-sale costs for the Guilong development project[25]. - Payments for goods and services decreased to $55,806,054.29 from $67,519,714.08, a reduction of 17.0%[44]. - Payments for taxes increased significantly to $44,437,070.10 from $12,989,423.09, an increase of 242.0%[44]. Future Expectations - The company expects a net profit decline of approximately 40%-90% for the first half of 2015 compared to the same period last year, primarily due to a significant decrease in management service profits[28]. - The company anticipates that actual performance may differ from the expected figures due to changes in influencing factors[28].