楚天高速(600035) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,214,571,569.08, representing a 23.76% increase compared to CNY 981,408,510.12 in the same period last year[4]. - The net profit attributable to shareholders decreased by 1.45% to CNY 276,684,332.67 from CNY 280,757,622.83 year-on-year[4]. - The net cash flow from operating activities increased by 3.26% to CNY 386,854,404.57 compared to CNY 374,629,435.00 in the previous year[4]. - Total revenue for Q1 2025 reached ¥1,214,571,569.08, a 23.8% increase from ¥981,408,510.12 in Q1 2024[21]. - Net profit for Q1 2025 was ¥291,563,947.81, a decrease of 2.7% compared to ¥298,382,737.87 in Q1 2024[22]. - The company's total comprehensive income attributable to the parent company was ¥276,658,067.83 in Q1 2025, compared to ¥280,723,164.25 in Q1 2024, showing a slight decline of about 1.5%[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,867,027,255.18, a 1.23% increase from CNY 20,614,304,009.11 at the end of the previous year[5]. - The company's total assets increased to ¥20,867,027,255.18 from ¥20,614,304,009.11 year-over-year[19]. - Total liabilities decreased to ¥10,383,491,579.63 from ¥10,485,245,414.34 year-over-year[18]. - The total liabilities as of the end of the reporting period were CNY 5,424,104,574.51, a decrease from CNY 5,508,290,502.57 in the previous year[31]. - The total equity increased to CNY 8,353,370,190.54 from CNY 8,150,222,158.99 year-over-year[31]. Cash Flow - The net cash flow from investment activities decreased by 230.72% due to increased investments in large transferable certificates and the Han-Yi Expressway expansion project[8]. - The net cash flow from financing activities decreased by 89.18% due to a reduction in financing scale during the reporting period[8]. - Cash and cash equivalents decreased from 951,065,661.86 RMB to 659,181,878.21 RMB from December 31, 2024, to March 31, 2025[16]. - The company’s cash flow from financing activities generated a net inflow of ¥85,343,719.19 in Q1 2025, a decrease from ¥788,397,875.40 in Q1 2024[28]. - The company reported a significant increase in investment income to CNY 17,605,819.49 in Q1 2025, compared to CNY 6,818,341.67 in Q1 2024[32]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,395[10]. - Hubei Transportation Investment Group Co., Ltd. holds 606,060,962 shares, accounting for 37.64% of total shares[10]. Investments and Joint Ventures - The company has invested 50 million RMB in establishing a partnership for equity investment in Ningbo Meishan Free Trade Port Area, with a total recovery of 45.1864 million RMB by the end of the reporting period[13]. - A joint venture was established with a registered capital of 50 million RMB to engage in road inspection and safety operation services, with the company holding a 10% stake[13]. - The company has formed a joint venture with Antai Environmental Engineering Technology Co., Ltd. for fuel cell system R&D, with a registered capital of 42.5 million RMB and a 40% ownership[14]. - The company plans to issue 340 million RMB in corporate bonds with a coupon rate of 1.95%[14]. Operating Costs and Expenses - The company experienced a 51.29% increase in operating costs due to new construction services for the Han-Yi Expressway expansion project[7]. - Research and development expenses for Q1 2025 amounted to ¥1,859,009.69, slightly up from ¥1,835,072.00 in Q1 2024[22]. - The company incurred financial expenses of CNY 21,671,697.86 in Q1 2025, up from CNY 17,829,661.02 in Q1 2024[32].