Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,015,032,769.84, representing a year-on-year increase of 41.84%[5] - Net profit attributable to shareholders was CNY 251,456,568.73, showing a decrease of 19.66% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.0822, down 19.65% from the previous year[5] - Total operating revenue for Q1 2022 reached ¥2,015,032,769.84, a significant increase of 42% compared to ¥1,420,687,417.39 in Q1 2021[32] - Net profit for Q1 2022 was ¥266,967,024.84, a decrease of 21% from ¥338,077,382.08 in Q1 2021[36] - Earnings per share for Q1 2022 were ¥0.0822, down from ¥0.1023 in Q1 2021[39] - The company reported a total comprehensive income of ¥266,540,997.26 for Q1 2022, compared to ¥339,994,506.18 in Q1 2021[39] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 715,997,285.82, an increase of 66.88% year-on-year[5] - Operating cash inflow for Q1 2022 was approximately $1.97 billion, an increase from $1.90 billion in Q1 2021, representing a growth of 3.4%[41] - Net cash outflow from operating activities in Q1 2022 was $716 million, compared to $429 million in Q1 2021, indicating a significant increase of 67%[42] - Cash flow from investing activities showed a net outflow of approximately $981 million in Q1 2022, worsening from a net outflow of $813 million in Q1 2021[43] - Cash inflow from financing activities in Q1 2022 was $387 million, a decrease from $1.52 billion in Q1 2021, reflecting a decline of 74.5%[44] - The net cash and cash equivalents decreased by approximately $385 million in Q1 2022, contrasting with an increase of $84 million in Q1 2021[45] - The ending cash and cash equivalents balance for Q1 2022 was approximately $3.45 billion, compared to $3.26 billion at the end of Q1 2021, showing a year-over-year increase of 5.8%[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 40,805,830,525.04, a slight increase of 0.19% from the end of the previous year[6] - Current liabilities totaled RMB 3.85 billion as of March 31, 2022, compared to RMB 3.47 billion on December 31, 2021[28] - Total liabilities as of March 31, 2022, amounted to ¥22,094,369,781.21, slightly down from ¥22,280,603,363.36 at the end of 2021[30] - Total non-current liabilities decreased to ¥18,241,285,986.90 from ¥18,813,583,948.78 at the end of 2021[30] - As of March 31, 2022, the total current assets amounted to RMB 6.34 billion, a decrease of 5.1% from RMB 6.68 billion on December 31, 2021[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,801[11] - The top shareholder, Sichuan Transportation Investment Group, holds 1,096,769,662 shares, accounting for 35.86% of total shares[12] - HKSCC NOMINEES LIMITED holds 887,600,700 shares, representing 29.02% of total shares[12] - China Merchants Highway Network Technology Holdings holds 664,487,376 shares, which is 21.73% of total shares[12] - As of the report date, the total number of common shareholders is 55,801, including 55,545 A-share shareholders and 256 H-share shareholders[15] Project Developments - The Chengle Expressway expansion project has an estimated total investment of approximately RMB 231.33 billion, with cumulative investment completed by March 31, 2022, amounting to RMB 79.13 billion[17] - The Tianqiong Expressway BOT project has an estimated total investment of approximately RMB 86.85 billion, with cumulative investment completed by March 31, 2022, amounting to RMB 14.49 billion[18] - The company has completed the construction of the Chengle Expressway expansion project, which enhances overall traffic capacity and service levels[17] - The company has established a project company for the Tianqiong Expressway, with a registered capital of RMB 1.737 billion, of which the company has subscribed RMB 1.42434 billion[18] Acquisitions and Terminations - The company agreed to terminate the acquisition of overseas assets with the consortium on January 27, 2022[20] - The company signed a termination agreement with the seller on March 9, 2022, officially ending the acquisition project[20] - The company approved the acquisition of 100% equity of the Transportation Construction Company, with a cash payment of RMB 369.195 million for a 5% stake[22] Financial Management - The decrease in net profit was primarily due to reduced toll revenue from vehicle traffic and lower profit margins on refined oil products influenced by the pandemic and international oil price fluctuations[10] - Non-recurring gains and losses included CNY 185,898.98 from the disposal of non-current assets and CNY 6,076,323.93 from government subsidies[7] - The company reported a long-term investment of RMB 442.09 million as of March 31, 2022, consistent with the previous period[26] - The company’s financial expenses for Q1 2022 were ¥102,212,967.84, down from ¥140,268,422.59 in Q1 2021[32] - The company’s investment income for Q1 2022 was ¥11,510,176.55, slightly up from ¥11,068,519.97 in Q1 2021[32] - The company’s deferred income tax liabilities as of March 31, 2022, were ¥38,232,791.77, compared to ¥38,346,079.95 at the end of 2021[30] - The company’s short-term borrowings decreased significantly to RMB 21.70 million from RMB 65.18 million[27] - The company’s accounts payable decreased to RMB 742.96 million from RMB 888.55 million, indicating improved liquidity management[27]
四川成渝高速公路(00107) - 2022 Q1 - 季度财报