2025-04-28 12:00Financial Performance - The company's operating revenue for Q1 2025 reached ¥2,821,340,301.98, representing a 95.33% increase compared to ¥1,286,864,373.72 in the same period last year[4] - Net profit attributable to shareholders was ¥551,150,344.38, a 5.19% increase from ¥459,671,340.30 year-on-year[4] - Basic and diluted earnings per share both stood at ¥0.3323, up 5.19% from ¥0.2771 in the same period last year[5] - Total revenue for Q1 2025 reached CNY 2,821,340,301.98, a significant increase of 95.1% compared to CNY 1,444,388,625.27 in Q1 2024[36] - Net profit for Q1 2025 was CNY 554,813,222.40, representing a slight increase of 2.5% from CNY 539,006,430.21 in Q1 2024[37] Cash Flow and Liquidity - The net cash flow from operating activities was ¥870,334,507.72, reflecting a 10.17% increase from ¥674,132,876.34 in the previous year[5] - Operating cash flow for Q1 2025 was CNY 870,334,507.72, an increase from CNY 790,001,454.11 in Q1 2024, representing a growth of approximately 10.4%[40] - Cash and cash equivalents rose to CNY 4,974,667,815.13 from CNY 4,820,589,842.07 at the end of 2024[33] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 2,848,505,391.76, compared to CNY 1,838,557,023.85 at the end of Q1 2024, representing an increase of approximately 55.0%[41] Assets and Liabilities - Total assets increased by 5.46% to ¥29,001,383,861.13 from ¥24,414,336,538.24 at the end of the previous year[5] - Total liabilities increased to CNY 15,370,624,468.73 as of March 31, 2025, compared to CNY 9,596,629,676.59 at the end of 2024[34] - Long-term borrowings increased to CNY 9,322,355,476.36 as of March 31, 2025, compared to CNY 6,382,090,813.04 at the end of 2024[34] Operational Highlights - The company completed the acquisition of 100% equity in two highway companies, which will enhance its operational capacity and market presence[6] - The company’s construction service revenue increased significantly due to the completion of the Xuan-Guang Highway expansion project, contributing to the rise in operating income[10] - The average daily traffic volume for the G50 Hu-Yu Expressway from Guangde to Xuancheng was 52,896 vehicles, representing an increase of 11.28% compared to the same period last year[17] - The company reported a 17.23% increase in traffic volume for the Xuan-Guang Expressway, with an average daily traffic of 24,456 vehicles[17] Toll Revenue and Policies - The total toll revenue for the same expressway was RMB 37.79 million, up 9.33% year-on-year[17] - The company provided a total of RMB 264 million in policy-related fee reductions during the reporting period, including RMB 39 million for green channel vehicles[18] - The company has implemented an 85% discount policy for trucks using Anhui Transportation Cards, which has attracted more trucks to use the expressways[18] - The company has reduced tolls for small passenger vehicles during the Spring Festival, resulting in a waived amount of approximately RMB 137 million[18] Investments and Acquisitions - The estimated total investment for the G50 Hu-Yu Expressway expansion project is RMB 12.303 billion, with a capital contribution of approximately RMB 2.461 billion, accounting for 20% of the total investment[21] - The company won the bid for the S62 Bozhou to Dancheng Expressway project, with an estimated total investment of approximately RMB 3.08 billion, and the company's capital contribution is about RMB 215.6 million[26] - The company completed the acquisition of 100% equity in Anhui Fuzhou Expressway Co., Ltd. and Anhui Sixu Expressway Co., Ltd., increasing its total highway mileage to 745 kilometers[28] - The company issued RMB 2 billion in rural revitalization bonds, with the first tranche having a total issuance of RMB 1.3 billion at a coupon rate of 1.99%[23][24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,889, with 15,829 A-share shareholders and 60 H-share shareholders[15] - The company's major shareholders include Anhui Provincial Transportation Holding Group Co., Ltd., holding 31.63% of shares, and HKSCC NOMINEES LIMITED, holding 29.49%[15] Other Financial Metrics - The company reported non-recurring gains of ¥82,620,180.29, primarily from government subsidies and fair value changes of financial assets[8] - The company reported a decrease in other comprehensive income, with a net loss of CNY 56,409,762.09 in Q1 2025[37] - The total equity attributable to shareholders decreased to CNY 12,100,900,720.63 from CNY 16,376,960,138.34 at the end of 2024[34]