皖通高速(600012) - 2021 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2021 reached RMB 847,416,635.46, a significant increase of 211.10% compared to RMB 272,395,967.64 in the same period last year[9] - Net profit attributable to shareholders was RMB 352,142,964.39, a turnaround from a loss of RMB 26,142,369.46 in Q1 2020[9] - The company's operating revenue for Q1 2021 reached RMB 847,416,635.46, a significant increase of 211.10% compared to RMB 272,395,967.64 in the same period last year[11] - The profit before tax saw a dramatic rise, with income tax expenses increasing by 1460.69% to RMB 140,227,010.25 from RMB 8,984,957.27 year-on-year[11] - The company reported operating profit of ¥501,718,224.51 for Q1 2021, a significant improvement from an operating loss of ¥65,555,942.61 in Q1 2020[34] - The total comprehensive income for Q1 2021 was ¥361,750,059.36, compared to a loss of ¥74,644,915.58 in the same quarter of the previous year[35] - The net profit for Q1 2021 reached ¥324,441,601.27, compared to ¥17,003,706.19 in Q1 2020, indicating a substantial increase of about 1,810%[36] - The company's total profit for Q1 2021 was ¥429,187,647.60, a substantial increase from ¥19,443,264.16 in Q1 2020, reflecting a growth of approximately 2,108%[36] Cash Flow and Liquidity - Operating cash flow for the period was RMB 513,206,269.59, up 237.50% from RMB 152,060,872.22 year-on-year[4] - Cash received from sales and services amounted to RMB 814,758,091.23, reflecting a 133.44% increase from RMB 349,019,574.22 in the previous year[12] - Cash received from borrowings surged by 418.06% to RMB 1,660,000,000.00, reflecting significant new bank loans acquired during the reporting period[12] - The company’s cash and cash equivalents decreased to RMB 2.12 billion from RMB 2.29 billion year-over-year[29] - The company’s cash and cash equivalents decreased to ¥1,813,845,366.51 from ¥2,040,183,790.27, indicating a reduction in cash reserves[32] - The cash flow from operating activities for Q1 2021 was ¥513,206,269.59, up from ¥152,060,872.22 in Q1 2020, reflecting an increase of approximately 237%[38] - The company reported a significant increase in cash and cash equivalents, with a balance of ¥1,191,973,238.49 at the end of Q1 2021, compared to ¥687,283,290.59 at the end of Q1 2020[38] Assets and Liabilities - Total assets increased to RMB 17,338,820,334.97, reflecting a growth of 6.76% from RMB 16,240,743,095.33 at the end of the previous year[4] - As of March 31, 2021, the total assets amounted to RMB 17.34 billion, an increase from RMB 16.24 billion at the end of 2020[30] - The total liabilities increased to RMB 5.06 billion as of March 31, 2021, compared to RMB 4.33 billion at the end of 2020[30] - Total liabilities decreased to ¥1,953,685,550.31 from ¥2,031,110,916.13 at the end of 2020, reflecting improved financial stability[32] - Current assets increased to ¥4,514,983,027.28 from ¥3,277,386,435.65 year-over-year, showing strong liquidity position[32] Shareholder Information - The number of shareholders at the end of the reporting period was 27,849, with the top three shareholders holding a combined 85.24% of shares[6][7] - The company’s total equity increased to ¥12,574,072,377.83 from ¥12,249,517,741.19, reflecting growth in shareholder value[32] Revenue Sources - Toll revenue from the He-Ning Expressway increased by 237.04% to RMB 36,767,000, compared to RMB 85,783,000 in the same period last year[13] - The company anticipates continued growth in toll revenue due to the completion of infrastructure projects and increased traffic flow post-pandemic[16][20] - The company reported a significant increase in toll revenue expected in 2021 due to the recovery of regional transportation and logistics demand[27] Expenses and Investments - Management expenses rose by 50.95% to RMB 29,333,642.56, primarily due to an increase in personnel and social security costs[11] - The company incurred a financial expense of -¥21,915,016.17 in Q1 2021, an improvement from -¥27,272,728.52 in Q1 2020, indicating a reduction in financial costs[36] - The company received investment income of ¥9,893,822.92 in Q1 2021, compared to ¥7,393,552.76 in Q1 2020, showing an increase of approximately 34%[36] - The cash inflow from investment activities in Q1 2021 was ¥905,523,293.83, a significant rise from ¥58,488,378.70 in Q1 2020[39] - The company reported a cash outflow from investment activities of ¥2,145,421,316.06 in Q1 2021, compared to ¥1,590,817,771.25 in Q1 2020, indicating an increase in investment expenditures[39] Future Outlook - The company anticipates continued growth in revenue and profitability as the impact of the COVID-19 pandemic diminishes[9] - The company plans to continue supporting the acquisition of quality highway assets from Anhui Communications Control Group[25] - The company has committed to not engaging in any business activities that may compete directly or indirectly with its operations[26]