Financial Performance - Net profit for the group fell by 33% year-on-year to RMB 107 million[2] - The company's basic earnings per share decreased from RMB 5.15 to RMB 3.46 year-on-year[4] - The net profit attributable to the owners of the company for the three months ended March 31, 2022, was RMB 106,574,000, compared to RMB 158,823,000 in the same period of 2021[10] - The net profit attributable to the company's shareholders for the three months ended March 31, 2022, was RMB 106,574, down from RMB 158,823 in 2021, indicating a decline of about 32.8%[18] - The company’s share of profits from joint ventures for the three months ended March 31, 2022, was RMB 123,531, compared to RMB 158,754 in 2021, reflecting a decrease of approximately 22.2%[15] Revenue and Traffic - Average toll revenue for the Guangzhou-Shenzhen Expressway decreased by 27% year-on-year to RMB 5,805,000, while the average toll revenue for the Guangzhou-Zhuhai West Line dropped by 20% to RMB 2,915,000[3] - Average daily traffic volume for the Guangzhou-Shenzhen Expressway decreased by 32% to 63,000 vehicles, and for the Guangzhou-Zhuhai West Line, it decreased by 23% to 41,000 vehicles[3] - Revenue from the Guangzhou-Shenzhen Expressway project for the three months ended March 31, 2022, was RMB 113,665,000, compared to RMB 310,752,000 in the same period of 2021, reflecting a decline[10] - The company reported a total segment revenue of RMB 470,513,000 for the three months ended March 31, 2022, down from RMB 470,513,000 in the same period of 2021[10] Assets and Liabilities - Total assets increased from RMB 7,171,742,000 as of December 31, 2021, to RMB 7,291,019,000 as of March 31, 2022[5] - The group’s total liabilities increased from RMB 2,093,257,000 to RMB 2,101,305,000[6] - The company’s total assets as of March 31, 2022, amounted to RMB 21,629,000, compared to RMB 10,372,000 in 2021, reflecting an increase of about 108.7%[13] Cash Flow and Financing - For the three months ended March 31, 2022, the net cash used in operating activities was RMB (10,087,000) compared to RMB (159,539,000) for the same period in 2021, indicating a significant reduction in cash outflow[7] - The net cash from investment activities for the three months ended March 31, 2022, was RMB 371,863,000, a decrease from RMB 527,707,000 in the same period of 2021[7] - New bank loans added during the three months ended March 31, 2022, amounted to RMB 440,098,000, down from RMB 1,310,685,000 in the previous year[7] - The total cash and cash equivalents increased to RMB 1,915,084,000 as of March 31, 2022, compared to RMB 891,292,000 at the end of the previous year[7] - The company’s total financing cash flow for the three months ended March 31, 2022, was RMB 989,000, a decrease from RMB 1,890,000 in the same period of 2021[7] Expenses and Income - The group’s other income decreased from RMB 21,629,000 to RMB 10,372,000[4] - Financial costs increased from RMB 4,031,000 to RMB 6,729,000[4] - The company incurred corporate general and administrative expenses of RMB (10,144,000) for the three months ended March 31, 2022, compared to RMB (9,647,000) in the previous year[10] - The company’s interest income from bank deposits was RMB 2,601,000 for the three months ended March 31, 2022[10] - The estimated interest income recognized by the company from providing interest-free registered capital was RMB 14,370,000 for the three months ended March 31, 2022, compared to RMB 15,271,000 in 2021, a decrease of about 5.9%[15] Tax and Other Financial Metrics - The company reported a total tax expense of RMB 8,930 for the three months ended March 31, 2022, compared to RMB 14,367 in 2021, a reduction of about 37.8%[16] - The deferred tax expense for the three months ended March 31, 2022, was RMB 7,480,000, down from RMB 8,703,000 in 2021, a decrease of approximately 14.1%[16] - The company declared a 5% withholding tax on dividends from joint ventures amounting to RMB 4,575,000 for the three months ended March 31, 2022[17] - The company reported a foreign exchange gain of RMB 5,118,000 for the three months ended March 31, 2022, compared to a loss of RMB 43,000 in 2021, indicating a significant turnaround[14] Acquisitions - The company completed the acquisition of Shenzhen Investment Holdings International Capital Holdings Infrastructure Co., Ltd., resulting in a 71.83% indirect ownership[2]
湾区发展(00737) - 2022 Q1 - 季度财报