2025-10-29 13:30Financial Performance - The company's operating revenue for the third quarter was approximately ¥3.58 billion, a decrease of 12.76% compared to the same period last year[4] - The total profit for the quarter reached approximately ¥1.97 billion, reflecting a year-on-year increase of 13.71%[4] - The net profit attributable to shareholders was approximately ¥1.41 billion, showing a slight increase of 3.06% year-on-year[4] - The basic earnings per share for the quarter was ¥0.2805, which is a decrease of 6.86% compared to the previous year[5] - The company reported a net profit attributable to shareholders of approximately RMB 1,413,224 thousand, an increase of 3.06% year-on-year[13] - Net profit attributable to shareholders for the first nine months of 2025 was approximately CNY 3,837,104,000, representing a year-on-year decline of 6.86%[18] - Net profit for the first three quarters of 2025 was CNY 4,037,290,138.34, down 6.95% from CNY 4,338,870,734.27 in 2024[25] - Basic earnings per share for the first three quarters of 2025 were CNY 0.7617, compared to CNY 0.8178 in 2024, reflecting a decrease of 6.84%[26] Revenue and Operating Metrics - The company achieved total operating revenue of approximately RMB 3,575,657 thousand for the period from July to September 2025, a decrease of 12.76% year-on-year[12] - For the first nine months of 2025, total operating revenue was approximately RMB 12,981,379 thousand, a decrease of 7.66% year-on-year[14] - Revenue from toll road operations was approximately RMB 2,597,177 thousand, showing a slight decline of 0.05% year-on-year[13] - Excluding construction revenue, the operating revenue was approximately RMB 3,233,007 thousand, down 1.72% compared to the same period last year[12] - The company's construction revenue for the first nine months was approximately RMB 3,865,699 thousand, down 19.92% year-on-year[14] - The revenue from road tolls for the first nine months was approximately RMB 7,201,489 thousand, reflecting a growth of 1.03% year-on-year[14] Assets and Equity - The total assets at the end of the reporting period amounted to approximately ¥92.85 billion, representing a 3.3% increase from the end of the previous year[5] - The total equity attributable to shareholders increased by 4.37% year-on-year, reaching approximately ¥40.28 billion[5] - The company's total assets increased to CNY 92,852,431,711.74 from CNY 89,886,075,247.13, representing a growth of 3.25%[23] - The equity attributable to shareholders of the parent company increased to CNY 40,282,933,858.89 from CNY 38,596,795,651.66, a growth of 4.38%[23] Costs and Expenses - The total operating cost for the group in the first nine months of 2025 was approximately CNY 7,936,347,000, a decrease of 13.16% compared to the same period last year, primarily due to reduced construction costs[17] - The company’s financial expenses decreased by approximately 16.55% to RMB 205,235 thousand due to effective financing measures[13] - Total operating costs decreased to CNY 8,807,673,785.34 from CNY 10,110,442,823.50, reflecting a reduction of 12.87%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was approximately ¥5.43 billion, an increase of 0.26%[4] - Cash inflows from operating activities totaled CNY 9,811,211,719.41, a decrease from CNY 9,993,136,776.81 in the previous year[29] - Cash flow from operating activities showed a total outflow of $4.38 billion, compared to $4.57 billion last year[30] - Total cash inflow from investment activities decreased to $10.08 billion from $17.68 billion[30] - Cash outflow for investment activities was $14.26 billion, down from $22.70 billion[30] - Cash received from financing activities totaled $16.13 billion, down from $17.07 billion[30] Traffic and Operations - The average daily traffic for the company's controlled toll road network decreased by 3.66% year-on-year to 68,977 vehicles per day, with passenger car traffic down 5.07% and truck traffic up 2.27%[15] - The average daily traffic on the Wuxi Ring Taihu Road increased by 7.08% year-on-year, with total traffic reaching 39,171 vehicles per day[16] - The average daily traffic on the Ning-Chang Expressway decreased significantly by 16.57% year-on-year, with total traffic at 49,867 vehicles per day[15] - The company reported a significant increase in truck traffic on the Wufengshan Bridge, which rose by 32.28% year-on-year to 16,618 vehicles per day, contributing to a 25.29% increase in average daily revenue to CNY 3,597,000[16] Strategic Initiatives - The company has implemented cost reduction and efficiency improvement measures, optimizing road maintenance and financing costs[7] - The company plans to focus on optimizing resource allocation by closing Wuxi Jingcheng Advertising Co., Ltd. to concentrate on its core business[20] - The company expects minimal impact on overall revenue due to the exemption of highway rescue towing fees starting September 1, 2025, which accounted for only 0.04% of total revenue in 2024[19] Investments - The company’s long-term equity investments increased to CNY 13,333,828,013.69 as of September 30, 2025, compared to CNY 12,756,749,577.92 at the end of 2024[21] - The company reported an investment income of CNY 984,229,232.12, down from CNY 1,347,731,722.52 in the same period last year[25] Accounting and Standards - The company will not apply new accounting standards starting from 2025[31]