2025-10-30 11:20Financial Performance - The company's operating revenue for the third quarter reached CNY 2,131,000,236.75, representing a year-on-year increase of 1.34%[5] - Total profit for the quarter was CNY 684,079,888.37, showing a decline of 14.15% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 510,395,317.56, down 14.96% year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 507,500,271.59, a decrease of 8.43% compared to the previous year[6] - Total revenue for the first three quarters of 2025 reached CNY 6,049,555,577.49, an increase of 3.24% compared to CNY 5,859,778,932.60 in the same period of 2024[26] - Operating profit for the first three quarters of 2025 was CNY 1,950,851,776.01, up from CNY 1,892,340,898.81 in 2024, reflecting a growth of 3.08%[26] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 1,470,287,308.40, compared to CNY 1,374,015,126.12 in 2024, marking an increase of 7.01%[27] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was CNY 3,608,267,006.04, an increase of 31.12%[6] - The company reported a net cash flow from operating activities of CNY 3,608,267,006.04 for the first three quarters of 2025, significantly higher than CNY 2,751,908,590.91 in 2024, indicating a growth of 31.1%[28] - Cash and cash equivalents increased to approximately RMB 3.90 billion from RMB 2.91 billion at the end of 2024[24] - The company reported cash inflow from investment activities totaling $1,837,678,434.09, down from $4,265,714,275.17 in the prior period[29] - Cash outflow for the acquisition of fixed assets and other long-term assets was $2,841,152,646.23, significantly higher than $1,507,278,471.39 in the previous period[29] - Cash and cash equivalents at the end of the period reached $3,739,494,776.97, up from $2,701,172,908.09 at the end of the previous period[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,849, with the top ten shareholders holding a significant portion of the shares[10] - Shareholders' equity attributable to the parent company increased by 25.01% to CNY 27,381,737,785.47 compared to the end of the previous year[6] - The company’s total shareholding by Yunshan Capital reached 311,352,461 shares, accounting for 12.27% of the total share capital as of September 30, 2025[15] - The company’s total shareholding by China Merchants Highway reached 228,994,743 shares, representing 9.02% of the total share capital as of September 30, 2025[15] Project Performance - Daily average mixed traffic volume for the Meiguan Expressway in Shenzhen was 172, with a daily toll revenue of RMB 423,000 in Q3 2025[14] - The average daily toll revenue for the East Section of the Jihe Expressway reached RMB 1,986,000, with a daily traffic volume of 340 in Q3 2025[14] - The company reported a daily average traffic volume of 368 for the Outer Ring Project, generating RMB 3,609,000 in toll revenue during Q3 2025[14] - The total organic waste processing volume for the Guiyang project was 43.80 thousand tons, generating operational revenue of RMB 24,978,900 in Q3 2025[17] - The average daily traffic volume for the Changsha Ring Road was 97, with toll revenue of RMB 723,000 in Q3 2025[17] - The company’s operational revenue from the Nanning project was RMB 21,877,030, with an organic waste processing volume of 43.75 thousand tons in Q3 2025[17] - The average daily traffic volume for the West Line Expressway was 285, generating RMB 3,258,000 in toll revenue during Q3 2025[14] Financial Investments - The group has invested RMB 1.5 billion in five principal guaranteed floating income financial products during the reporting period, with a total balance of RMB 3.74 billion in financial products[23] - The group’s long-term equity investments stood at approximately RMB 19.95 billion as of September 30, 2025, compared to RMB 19.76 billion at the end of 2024[24] Liabilities and Equity - Total liabilities decreased to CNY 38,496,420,029.38 in 2025 from CNY 40,356,460,239.19 in 2024, a reduction of approximately 4.6%[25] - The total equity attributable to shareholders of the parent company increased to CNY 27,381,737,785.47 in 2025 from CNY 21,903,521,723.27 in 2024, reflecting a growth of 24.8%[25] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 25,976,025.88, up from CNY 23,025,773.58 in 2024, indicating a 12.7% increase[26] Financial Expenses - The company’s financial expenses decreased to CNY 569,384,394.17 in 2025 from CNY 756,854,775.51 in 2024, a decline of 24.8%[26] Earnings Per Share - The basic earnings per share for the quarter was CNY 0.193, a decrease of 24.02% year-on-year[6] - The basic earnings per share for the first three quarters of 2025 was CNY 0.575, compared to CNY 0.566 in 2024, representing an increase of 1.59%[27]