Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,145,086,806.22, representing an increase of 18.51% compared to the same period last year[3]. - Net profit attributable to shareholders for the same period was CNY 459,462,788.58, reflecting a growth of 13.15% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 469,491,142.38, which is an increase of 14.89% compared to the previous year[3]. - Basic earnings per share for Q1 2023 were CNY 0.2770, up by 13.15% from the same period last year[3]. - Operating profit for Q1 2023 was CNY 649,180,536.06, representing a 20.8% increase compared to CNY 537,408,000.28 in Q1 2022[24]. - The company reported a decrease in other comprehensive income, with a net amount of CNY -3,565,177.16 in Q1 2023 compared to CNY 101,481.20 in Q1 2022[25]. Cash Flow - The net cash flow from operating activities reached CNY 1,029,461,546.80, showing a significant increase of 93.23% year-on-year[3]. - Cash flow from operating activities for Q1 2023 was CNY 1,029,461,546.80, significantly higher than CNY 532,774,016.77 in Q1 2022[27]. - The company received cash from financing activities totaling $80 million, a significant decrease from $943.33 million in Q1 2022[28]. - The net cash flow from financing activities in Q1 2023 was -$6 million, compared to a positive $812.94 million in the same period last year[28]. - Cash and cash equivalents at the end of Q1 2023 amounted to approximately $2.96 billion, down from $3.61 billion in Q1 2022[28]. - The net increase in cash and cash equivalents for Q1 2023 was approximately $57.27 million, down from $250.63 million in Q1 2022[28]. Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 21,687,721,940.74, a 1.80% increase from the end of the previous year[3]. - The total amount of current assets was RMB 6.056 billion, an increase from RMB 5.214 billion as of December 31, 2022, representing a growth of approximately 16.2%[19]. - The total liabilities as of March 31, 2023, were RMB 7.703 billion, a slight decrease from RMB 7.799 billion as of December 31, 2022[21]. - The company's total equity increased to CNY 13,984,358,159.73 as of March 31, 2023, from CNY 13,504,562,218.92 at the end of 2022[22]. Traffic and Toll Revenue - The average daily traffic flow for the Huning Expressway increased by 30.53% to 50,444 vehicles in Q1 2023 compared to 38,646 vehicles in Q1 2022[13]. - Toll revenue for the Huning Expressway rose by 18.19% to RMB 361,079,000 in Q1 2023 from RMB 305,501,000 in Q1 2022[13]. - The new section of National Highway 205 saw a 51.96% increase in average daily traffic flow, reaching 7,162 vehicles in Q1 2023[13]. - Toll revenue for the new section of National Highway 205 surged by 79.74% to RMB 20,093,000 in Q1 2023 from RMB 11,179,000 in Q1 2022[13]. - The total average daily traffic flow across all reported expressways was 1,112,082 vehicles in Q1 2023, a 13.70% increase from 978,098 vehicles in Q1 2022[13]. - The company reported a total toll revenue of RMB 1,112,082,000 for Q1 2023, reflecting a significant increase compared to the previous year[13]. Shareholder Information - The company has a total of 22,285 A-share shareholders and 65 H-share shareholders as of the reporting period[12]. - The top ten shareholders hold a significant portion of the company's shares, with the largest shareholder owning 31.63%[11]. Government Subsidies and Discounts - Non-operating income included government subsidies amounting to CNY 3,562,031.87, related to highway construction funding[4]. - The total amount of policy-related fee reductions during the first quarter of 2023 was RMB 175 million, including RMB 31 million for approximately 37,200 vehicles in the green channel[14]. - During the Spring Festival, the flow of small passenger vehicles (7 seats and below) on the group's managed routes reached 1.6962 million, resulting in a fee exemption of approximately RMB 73 million[14]. - The ETC discount amounted to RMB 67 million, with RMB 37 million attributed to the Anhui transportation card for trucks, accounting for 55.22% of the total ETC reductions[14]. - The company plans to extend the 15% discount policy for trucks holding Anhui transportation cards for an additional three years, from January 1, 2021, to December 31, 2023[15]. - The company has signed a cooperation agreement to subsidize small passenger vehicles with specific license plates for toll exemptions on the Anqing Yangtze River Highway Bridge, with a subsidy of RMB 21 per trip[16]. Acquisition Plans - The estimated price for acquiring 100% equity of Anhui Liwu Expressway Co., Ltd. is expected to be no more than RMB 4 billion, with the company planning to issue A-shares and pay cash for this transaction[17].
安徽皖通高速公路(00995) - 2023 Q1 - 季度业绩