ANHUI EXPRESSWAY(SH:600012)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,168,872,488.46, representing a 15.05% increase compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 507,311,867.65, reflecting a 7.37% increase year-over-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 491,441,943.72, which is a 30.41% increase compared to the previous year[3]. - The basic earnings per share for the quarter was CNY 0.3059, a 7.37% increase from the same period last year[3]. - Total operating revenue for the first three quarters of 2022 reached ¥3,985,124,852.71, a 36% increase from ¥2,930,829,385.08 in the same period of 2021[28]. - Net profit for the first three quarters of 2022 was ¥1,150,997,031.16, down 9.5% from ¥1,272,044,569.30 in 2021[28]. - Operating profit decreased to ¥1,579,087,329.85, compared to ¥1,713,333,476.28 in the previous year, reflecting a decline of 7.8%[28]. - Basic earnings per share for the first three quarters of 2022 was ¥0.7074, compared to ¥0.7463 in 2021, indicating a decrease of 5.4%[30]. - Total comprehensive income for the first three quarters of 2022 was ¥1,151,423,975.26, down from ¥1,272,374,945.52 in the same period of 2021[30]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 21,587,979,383.56, showing an 8.37% increase from the end of the previous year[7]. - As of September 30, 2022, the company's total assets amounted to RMB 21.59 billion, an increase from RMB 19.92 billion as of December 31, 2021, reflecting a growth of approximately 8.4%[24]. - The company's current assets reached RMB 5.74 billion, up from RMB 4.48 billion in the previous year, indicating a growth of about 28.5%[25]. - The total liabilities of the company as of September 30, 2022, were RMB 8.58 billion, compared to RMB 7.98 billion at the end of 2021, representing an increase of approximately 7.3%[26]. - The company's equity attributable to shareholders increased to RMB 11.65 billion from RMB 11.39 billion, marking a growth of around 2.3%[26]. - The company has successfully reduced its current liabilities to RMB 1.80 billion from RMB 2.80 billion, indicating a decrease of about 35.5%[26]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 1,769,476,114.56, an increase of 5.81% compared to the previous year[3]. - The company reported a net cash flow from operating activities of ¥1,769,476,114.56, an increase from ¥1,672,318,792.19 in the same period last year[31]. - Cash and cash equivalents at the end of the period totaled ¥2,768,327,975.10, down from ¥3,913,760,011.51 at the end of the previous year[33]. - The company reported a total operating cost of ¥2,454,601,011.86, which is a significant increase from ¥1,288,955,502.95 in the previous year[28]. - The company’s financial expenses decreased to ¥112,683,017.19 from ¥134,379,685.52 in the previous year, showing a reduction of approximately 16%[28]. - The company’s investment activities resulted in a net cash outflow of ¥2,711,389,017.74, compared to a net outflow of ¥75,715,315.49 in the same period last year[31]. - The company has committed to invest up to RMB 500 million in the Anhui Expressway REITs, representing a strategic move to enhance its investment portfolio[19]. - The company plans to hold its investment in the infrastructure fund for no less than 36 months, ensuring a long-term commitment to its investment strategy[20]. Revenue and Traffic Data - The average daily traffic volume for 合宁高速公路 in Q3 2022 was 37,424 vehicles, an increase of 3.38% compared to Q3 2021[14]. - Toll revenue for 合宁高速公路 in Q3 2022 was RMB 316,539,000, up 3.26% from RMB 306,555,000 in Q3 2021[14]. - The total toll revenue for all projects in Q3 2022 was RMB 1,016,452,000, a decrease of 0.88% from RMB 1,025,475,000 in Q3 2021[14]. - For the first nine months of 2022, total toll revenue was RMB 2,852,147,000, down 3.49% from RMB 2,955,159,000 in the same period of 2021[15]. - The traffic volume for 宁淮高速公路天长段 in Q3 2022 was 41,523 vehicles, an increase of 27.45% compared to Q3 2021[14]. - The average daily traffic volume for 205国道天长段新线 in Q3 2022 was 6,961 vehicles, with toll revenue of RMB 23,593,000, reflecting a significant increase of 44.84% compared to the previous year[14]. - The company reported that the National Day holiday free passage policy for small passenger vehicles resulted in approximately 1,195,300 vehicles passing through its toll roads, leading to a revenue loss of about RMB 51,398,800[17]. - The company noted that the traffic data excludes small passenger vehicles during major holidays, which may affect overall traffic volume reporting[16]. Government Subsidies and Policies - The company received government subsidies amounting to CNY 13,815,144.50 during the quarter, primarily related to infrastructure projects[8]. - A temporary reduction of 10% in toll fees for freight trucks will be implemented from October 1, 2022, to December 31, 2022, in line with national policies[23]. - The company has received approval for a 30-year toll operation period for the Ningshao Expressway from December 30, 2017, to December 29, 2047, extending its revenue-generating capacity significantly[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,335, with the top ten shareholders holding a combined 86.77% of shares[11]. - HKSCC NOMINEES LIMITED held 524,644,220 shares, representing 31.63% of total shares, while 招商局公路网络科技控股股份有限公司 held 488,209,899 shares, or 29.43%[12].