ANHUI EXPRESSWAY(SH:600012)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥966,250,859.11, representing a 0.27% increase compared to ¥847,416,635.46 in the same period last year[4] - Net profit attributable to shareholders was ¥406,052,424.41, a 6.33% increase from ¥352,142,964.39 in the previous year[4] - The basic earnings per share for the period was ¥0.2448, up 6.33% from ¥0.2123 in the same period last year[6] - The net cash flow from operating activities was ¥532,774,016.77, showing a 1.27% increase from ¥513,206,269.59 in the previous year[6] - The return on equity increased to 3.50%, up 0.23 percentage points from 3.16% in the same period last year[6] - The company reported total operating revenue of RMB 966,250,859.11 for Q1 2022, a slight increase from RMB 963,691,866.09 in Q1 2021, representing a growth of approximately 0.16%[27] - The net profit for Q1 2022 was RMB 404,833,684.13, compared to RMB 391,375,887.44 in Q1 2021, indicating an increase of approximately 3.46%[29] - Basic earnings per share for Q1 2022 were CNY 0.2448, compared to CNY 0.2302 in Q1 2021, reflecting a growth of 2.0%[30] Assets and Liabilities - Total assets at the end of the period were ¥19,915,284,836.18, a slight decrease of 0.03% from ¥19,920,862,968.50 at the end of the previous year[6] - The company's total liabilities decreased to RMB 7,384,939,764.43 in Q1 2022 from RMB 7,975,853,576.21 in Q1 2021, a decline of about 7.43%[26] - Long-term borrowings rose to RMB 5,400,694,555.22 in Q1 2022 from RMB 4,726,408,251.50 in Q1 2021, an increase of approximately 14.25%[26] - The company's cash and cash equivalents increased to RMB 4,566,767,521.65 as of March 31, 2022, up from RMB 4,318,206,161.01 at the end of 2021, marking a growth of about 5.76%[25] Traffic and Toll Revenue - In Q1 2022, the average daily traffic flow on the HeNing Expressway was 38,646 trips, a 5.11% increase from 36,767 trips in Q1 2021[15] - Toll revenue for the HeNing Expressway reached RMB 305.501 million in Q1 2022, up 5.67% from RMB 289.120 million in Q1 2021[15] - The new line of National Highway 205 saw a traffic decrease of 17.45%, with 4,713 trips compared to 5,709 trips in Q1 2021[15] - The total toll revenue for the new line of National Highway 205 was RMB 11.179 million, a decrease of 35.27% from RMB 17.271 million in Q1 2021[15] - The total toll revenue for the Ninghuai Expressway Tianchang section was RMB 27.919 million, a decrease of 5.45% from RMB 29.529 million in Q1 2021[17] - The total toll revenue for the Anqing Yangtze River Highway Bridge was RMB 87.206 million, an increase of 3.41% from RMB 84.334 million in Q1 2021[17] Government Support and Policy Changes - The company received government subsidies amounting to ¥2,843,451.26 related to asset support during the reporting period[7] - The company provided a total of RMB 169 million in policy-related fee reductions in Q1 2022, including RMB 38 million for green channel vehicles[19] - The company implemented an 85% discount policy for trucks using Anhui Transportation Cards, resulting in a reduction of RMB 64 million in ETC fees[19] - The company continues to execute various policy-related fee reductions, impacting overall revenue and traffic patterns[19] Financial Management and Audit - The company reported a significant decrease in financial expenses by 41.37%, from ¥57,183,731.03 to ¥33,529,112.94[11] - The company has appointed Ernst & Young Hua Ming as its new auditor starting from 2022, replacing PwC, which had exceeded its term limit[22] - The company did not apply new accounting standards for the first time in 2022[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,619[12] - The total number of A-share shareholders was 23,553, while H-share shareholders totaled 66 as of the end of the reporting period[14]