申通地铁(600834) - 2025 Q2 - 季度财报

Important Notice The board approved a semi-annual cash dividend of CNY 0.18 per 10 shares (31.39% of net profit), with executives affirming financial report accuracy and highlighting investment risks 2025 Semi-Annual Profit Distribution Plan | Indicator | Value | | :--- | :--- | | Cash dividend per 10 shares | CNY 0.18 (tax inclusive) | | Total estimated dividend distribution | CNY 8,592,874.29 | | Percentage of net profit attributable to listed company shareholders | 31.39% | - Company executives, including Chairman Shi Junming, Managing Director Jin Weizhong, Chief Accountant Yan Jichuan, and Head of Accounting Li Gaozhen, declare that the financial report in this semi-annual report is true, accurate, and complete[3] - Forward-looking statements and development strategies in this report do not constitute a substantive commitment to investors, who are advised to be aware of investment risks[4] - The company has no non-operating fund occupation by controlling shareholders or other related parties, nor does it provide external guarantees in violation of decision-making procedures[8] Section I Definitions This section defines common terms used in the report, including company names, related entities, subsidiaries, business units, and key operational metrics like "on-time departure rate" and "schedule fulfillment rate" Common Term Definitions | Term | Definition | | :--- | :--- | | Company, The Company, Shentong Metro | Shanghai Shentong Metro Co., Ltd | | SSE | Shanghai Stock Exchange | | Jiushi Company | Shanghai Jiushi (Group) Co., Ltd | | Shentong Metro Group | Shanghai Shentong Metro Group Co., Ltd | | Shenkai Company | Shanghai Shenkai Public Transportation Operation Management Co., Ltd | | New Energy Company | Shanghai Metro New Energy Co., Ltd | | Financial Leasing Company | Shanghai Metro Financial Leasing Co., Ltd | | Commercial Factoring Company | Shanghai Metro Commercial Factoring Co., Ltd | | Metro Property Company | Shanghai Metro Property Management Co., Ltd | | Metro Electromechanical Technology Company | Shanghai Metro Electronic Technology Co., Ltd | | Reporting Period | January-June 2025 | - On-time departure rate refers to the ratio of on-time subway departures to total departures[12] - Schedule fulfillment rate refers to the ratio of actual train trips operated to planned train trips[12] Section II Company Profile and Key Financial Indicators This section provides Shanghai Shentong Metro Co., Ltd.'s basic information, contact details, stock overview, and key accounting data and financial indicators for the first half of 2025, noting a slight decrease in revenue and net profit but a significant 180.66% increase in net cash flow from operating activities due to the recovery of principal and interest from quasi-financial businesses Company Basic Information | Indicator | Content | | :--- | :--- | | Chinese Name | 上海申通地铁股份有限公司 | | Chinese Abbreviation | 申通地铁 | | Legal Representative | Shi Junming | | Stock Code | 600834 | | Listing Exchange | Shanghai Stock Exchange | Key Accounting Data for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Year (Adjusted) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | CNY 272,283,445.62 | CNY 280,098,457.24 | -2.79 | | Total Profit | CNY 42,062,633.52 | CNY 45,054,598.83 | -6.64 | | Net Profit Attributable to Shareholders of Listed Company | CNY 27,378,586.07 | CNY 29,245,406.61 | -6.38 | | Net Cash Flow from Operating Activities | CNY 345,559,742.20 | CNY 123,123,325.96 | 180.66 | Key Financial Indicators for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Year (Adjusted) | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | 0.057352 | 0.061262 | -6.38 | | Diluted Earnings Per Share (CNY/share) | 0.057352 | 0.061262 | -6.38 | | Weighted Average Return on Net Assets (%) | 1.60 | 1.72 | Decrease of 0.12 percentage points | - The significant increase in net cash flow from operating activities compared to the prior year is primarily due to the recovery of principal and interest from quasi-financial businesses[21] Non-Recurring Gains and Losses (H1 2025) | Item | Amount (CNY) | Notes | | :--- | :--- | :--- | | Government grants recognized in current profit/loss | 3,036,912.40 | Primarily financial support received by Commercial Factoring Company from Xuhui District Finance Bureau | | Other non-operating income and expenses apart from the above | 50,533.79 | | | Less: Income tax impact | 771,461.46 | | | Impact on minority interests (after tax) | 32,807.43 | | | Total | 2,283,177.30 | | Section III Management Discussion and Analysis This section details the company's operating performance in the first half of 2025, including business segment results, market expansion, safety management, and core competitiveness analysis, highlighting synergistic development across public transport operations, new energy, comprehensive property services, financial leasing, commercial factoring, and industrial investment, while actively implementing "quality improvement, efficiency enhancement, and return focus" initiatives to strengthen information disclosure and investor relations management I. Overview of the Company's Industry and Main Business in the Reporting Period The company operates within the road transportation sector, a sub-category of the transportation, warehousing, and postal services industry, with its main businesses in public transport operation and management, new energy, comprehensive property services, financial leasing and commercial factoring, and industrial investment, each with distinct operating and profit models - The company's industry falls within the road transportation sector, part of the transportation, warehousing, and postal services industry[27] - Public transport operation and management (Shenkai Company) primarily provides operation and maintenance services for driverless subways, airport express systems, and trams, with profit models including "fixed lump sum" and "cost-plus"[27][28] - The New Energy Company mainly engages in distributed photovoltaic power generation and charging pile businesses in the rail transit sector, generating profits from electricity sales, charging services, and energy-saving benefits[29] - Metro Property Company primarily manages and services station properties, train environments, and integrated production management of station facilities and equipment[29][30] - Financial Leasing Company and Commercial Factoring Company primarily engage in financial leasing and commercial factoring, focusing on serving the Shanghai rail transit industry[30][31