2018-04-27 16:00Financial Performance - Total assets increased by 6.59% to RMB 45.33 billion compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 9.79% to RMB 25.82 billion year-on-year[6] - Operating revenue for the period reached RMB 2.82 billion, a 22.95% increase from the same period last year[6] - Net profit attributable to shareholders increased by 15.76% to RMB 1.02 billion compared to the previous year[6] - Basic earnings per share increased by 15.77% to RMB 0.2019[7] - The company achieved revenue of approximately RMB 2,822,575,100 in the first quarter, representing a year-on-year increase of 22.95% due to the concentrated delivery of real estate projects[20] - The net profit attributable to shareholders was approximately RMB 1,017,133,000, with earnings per share of RMB 0.2019, reflecting a year-on-year growth of 15.77%[15] - Total operating revenue for Q1 2018 was 2,822,575,100, an increase of 22.9% compared to 2,295,677,347 in the same period last year[37] - Net profit for Q1 2018 reached 1,037,530,481, representing a 15.2% increase from 900,841,151 in Q1 2017[38] - Earnings per share for Q1 2018 was 0.2019, compared to 0.1744 in the previous year[39] Traffic and Toll Revenue - Daily average traffic flow on the Shanghai-Nanjing Expressway was 97,970 vehicles, up 3.98% year-on-year[12] - Daily average toll revenue on the Shanghai-Nanjing Expressway was approximately RMB 13.02 million, a year-on-year increase of 1.45%[12] - The average daily traffic flow for passenger vehicles increased by 5.02% year-on-year[12] - The company reported a decrease in freight vehicle traffic by 0.33% year-on-year[12] - The average daily traffic on the Ninglian Road Nanjing section decreased by 14.90%, impacting toll revenue negatively[14] - The average daily traffic flow on the Shanghai-Nanjing Expressway increased by 3.98% year-on-year, with average daily toll revenue rising by 1.45%[14] Operating Costs and Cash Flow - Cash flow from operating activities decreased by 5.43% to RMB 1.20 billion compared to the same period last year[6] - The company’s operating costs increased by 24.24% to RMB 1,298,214,043, driven by the higher scale of project deliveries[20] - Cash flow from operating activities is CNY 1,204,204,675, down 5.4% from CNY 1,273,304,540 in the previous period[44] - Cash flow from investment activities shows a net outflow of CNY 1,580,484,224, compared to a net outflow of CNY 1,234,995,049 in the previous period, indicating increased investment activity[44] - Cash flow from financing activities resulted in a net inflow of CNY 433,102,500, up from CNY 153,205,868 in the previous period, reflecting improved financing conditions[45] Investments and Acquisitions - The company reported a significant increase in prepayments, rising by 1807.97% to RMB 194,626,510, primarily due to equity acquisition payments[17] - The company acquired a 30% stake in Hanwei Company for RMB 184,499,800, which will make Hanwei a wholly-owned subsidiary[26] - The company holds 7.83% of Jiangsu Financial Leasing after its subsidiary, Guangjing Xicheng, successfully listed on the A-share market[26] - The company signed new oil procurement contracts in 2018, which further enhanced profit margins despite a decline in sales volume[14] Comprehensive Income and Equity - The company’s other comprehensive income increased significantly by 337.62% due to the fair value adjustment of financial leasing shares listed on the A-share market[21] - The company reported a total comprehensive income of 2,553,187,083 for Q1 2018, significantly higher than 888,377,601 in Q1 2017[39] - The company’s equity attributable to shareholders increased to RMB 25.82 billion from RMB 23.52 billion at the beginning of the year[32] - Total equity increased to 21,872,747,522 in Q1 2018, compared to 21,245,463,362 in the previous year[35] Project Investments - As of the end of the reporting period, the Wufengshan Bridge project has completed an investment of RMB 5.4 billion, accounting for approximately 44.76% of the total project investment[25] - The Zhandan Expressway project has completed an investment of RMB 1.296 billion, representing about 74.91% of the total investment, and is expected to be completed and opened to traffic within this year[25] Cash and Cash Equivalents - The cash and cash equivalents increased to RMB 323,136,371 from RMB 269,357,751 at the beginning of the year[30] - The company reported a decrease in cash and cash equivalents at the end of the period to CNY 319,581,651 from CNY 385,788,337 in the previous period[45] - The ending balance of cash and cash equivalents was $70,098,244, down from $78,008,363 in the previous year[47] - The net increase in cash and cash equivalents was -$65,027,435, compared to -$20,640,840 in the previous year[47]