Revenue and Profitability - Average toll revenue for Guangzhou-Shenzhen Expressway decreased by 16% to RMB 7,322,000 in Q3 2022 from RMB 8,766,000 in Q3 2021[1] - Average daily full-length vehicle flow for Guangzhou-Shenzhen Expressway dropped by 14% to 87,000 vehicles in Q3 2022 compared to 101,000 vehicles in Q3 2021[1] - Average toll revenue for Guangzhou-Zhuhai West Line Expressway fell by 13% to RMB 3,466,000 in Q3 2022 from RMB 3,980,000 in Q3 2021[1] - Average daily full-length vehicle flow for Guangzhou-Zhuhai West Line Expressway decreased by 11% to 50,000 vehicles in Q3 2022 from 56,000 vehicles in Q3 2021[1] - Total revenue for the nine months ended September 30, 2022, was RMB 47,735,000, down from RMB 61,975,000 in the same period of 2021, representing a decline of approximately 23%[5] - The company's net profit for the nine months ended September 30, 2022, was RMB 225,228,000, a decrease of 54% from RMB 489,887,000 in the same period of 2021[5] - Basic earnings per share for the nine months ended September 30, 2022, was RMB 7.2, down from RMB 15.7 in the same period of 2021[5] - Revenue from the Guangzhou-Shenzhen Expressway for the nine months ended September 30, 2022, was RMB 785,651 thousand, a decrease from RMB 910,038 thousand in 2021[11] - The total segment revenue for the nine months ended September 30, 2022, was RMB 1,350,115 thousand, compared to RMB 1,472,673 thousand in 2021, showing a decline[11] - The net profit attributable to the owners of the company for the nine months ended September 30, 2022, was RMB 221,560 thousand, down from RMB 483,046 thousand in 2021[11] Cash Flow and Financial Position - Net cash used in operating activities for the nine months ended September 30, 2022, was RMB (49,118) thousand, compared to RMB (182,964) thousand for the same period in 2021, indicating an improvement[8] - Cash inflow from investment activities for the nine months ended September 30, 2022, was RMB 387,778 thousand, up from RMB 954,670 thousand in 2021, reflecting a significant decrease[8] - Total cash and cash equivalents as of September 30, 2022, amounted to RMB 1,534,017 thousand, down from RMB 1,304,205 thousand in 2021[8] - New bank loans added during the nine months ended September 30, 2022, were RMB 487,805 thousand, compared to RMB 1,896,393 thousand in 2021, indicating a reduction in borrowing[8] - The cash inflow from financing activities for the nine months ended September 30, 2022, was RMB (357,858) thousand, compared to RMB 11,578 thousand in 2021, reflecting a negative trend[8] Tax and Other Income - The company's income tax expense for the nine months ended September 30, 2022, was RMB 25,837 thousand, down from RMB 67,181 thousand in 2021, a decrease of 61.5%[17] - The total revenue from other income decreased from RMB 61,975 thousand in 2021 to RMB 47,735 thousand in 2022, a decline of 23%[14] - The deferred tax expense significantly decreased from RMB 53,319 thousand in 2021 to RMB 7,661 thousand in 2022, a reduction of 85.6%[17] Investments and Joint Ventures - The company’s interest income from loans to a joint venture decreased to RMB 13,468 thousand for the nine months ended September 30, 2022, from RMB 33,205 thousand in 2021[11] - Interest income from bank deposits increased from RMB 20,911 thousand in 2021 to RMB 26,084 thousand in 2022, representing a growth of 24.4%[14] - The share of profits from joint ventures decreased from RMB 589,174 thousand in 2021 to RMB 350,277 thousand in 2022, a decline of 40.6%[16] - The estimated interest income from joint ventures was RMB 44,010 thousand in 2021 and RMB 46,771 thousand in 2022, showing a slight increase of 6.2%[16] - The company declared a 5% income tax on dividends from joint ventures amounting to RMB 11,438 thousand in 2022, up from RMB 8,744 thousand in 2021, an increase of 30.5%[18] Foreign Exchange and Other Losses - The company reported a foreign exchange loss of RMB (87,809) thousand for the nine months ended September 30, 2022, compared to a gain of RMB 15,776 thousand in 2021[11] - The net exchange gain (loss) was RMB 7,654 thousand in 2021 compared to a loss of RMB 15,058 thousand in 2022, indicating a significant negative shift[15] - The company reported a net unrealized loss of RMB 12,056 thousand in 2021, while there was no unrealized loss reported in 2022, indicating a recovery[15]
湾区发展(00737) - 2022 Q3 - 季度财报