皖通高速(600012) - 2023 Q1 - 季度财报

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[4] - Net profit attributable to shareholders of the listed company was CNY 459,462,788.58, reflecting a growth of 13.15% year-on-year[4] - Basic earnings per share for the period was CNY 0.2770, which is a 13.15% increase from the same quarter last year[5] - Total revenue for Q1 2023 reached ¥1,145,086,806.22, a 18.5% increase from ¥966,250,859.11 in Q1 2022[23] - Net profit for Q1 2023 was ¥478,671,148.35, up 18.2% compared to ¥404,833,684.13 in Q1 2022[25] - Operating profit for Q1 2023 was ¥649,180,536.06, an increase of 20.8% from ¥537,408,000.28 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% compared to the previous year[4] - Cash flow from operating activities in Q1 2023 was ¥1,646,294,503.14, significantly higher than ¥1,035,531,771.59 in Q1 2022[26] - The net cash flow from operating activities for Q1 2023 was approximately $1.03 billion, a significant increase from $532.77 million in Q1 2022, representing a growth of 93%[27] - Total cash inflow from operating activities amounted to $1.65 billion, compared to $1.04 billion in the same period last year, indicating a year-over-year increase of 58.7%[27] - The ending cash and cash equivalents balance was approximately $2.96 billion, down from $3.61 billion at the end of Q1 2022, a decrease of 18%[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 21,687,721,940.73, up by 1.80% from the end of the previous year[5] - Total assets as of March 31, 2023, amounted to ¥21,687,721,940.73, compared to ¥21,303,368,819.17 at the end of 2022[22] - Total liabilities decreased to ¥7,703,363,781.00 from ¥7,798,806,600.25 at the end of 2022, reflecting a reduction of 1.2%[22] - The company's total equity increased to ¥13,984,358,159.73 as of March 31, 2023, compared to ¥13,504,562,218.92 at the end of 2022[22] Traffic and Toll Revenue - The company reported an increase in toll revenue, which contributed to the rise in cash flow from operating activities[8] - In Q1 2023, the average daily traffic on the G205 National Road Tianchang section increased by 51.96% to 7,162 vehicles compared to Q1 2022[13] - The total toll revenue for the G205 National Road Tianchang section rose by 79.74% to RMB 20,093,000 in Q1 2023 from RMB 11,179,000 in Q1 2022[13] - The total toll revenue across all projects in Q1 2023 reached RMB 1,112,082,000, marking a 13.70% increase from RMB 978,098,000 in Q1 2022[14] - The average daily traffic on the Hehui Expressway increased by 30.53% to 50,444 vehicles in Q1 2023 compared to 38,646 vehicles in Q1 2022[13] - The toll revenue for the Hehui Expressway increased by 18.19% to RMB 361,079,000 in Q1 2023 from RMB 305,501,000 in Q1 2022[13] - The company reported a 10.95% increase in average daily traffic on the Ninghuai Expressway Tianchang section, reaching 48,223 vehicles in Q1 2023[14] Government Support and Policies - The company received government subsidies amounting to CNY 3,562,031.87, related to highway construction projects[6] - The company implemented various policy-based fee reductions totaling RMB 175 million in Q1 2023, including RMB 31 million for green channel vehicles[16] - The company continues to offer an 85% discount policy for trucks holding Anhui transportation cards, which has been effective since July 2016[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,350, with the largest shareholder holding 31.63% of the shares[9] Acquisition Plans - The company plans to acquire 100% equity of Anhui Liwu Expressway Co., Ltd. for an estimated price not exceeding RMB 4 billion through a combination of issuing A-shares and cash[20] - The company's A-shares were suspended from trading on April 3, 2023, due to the pending acquisition, and resumed trading on April 18, 2023[20] Non-Operating Income and Expenses - Non-operating income and expenses resulted in a total loss of CNY 10,028,353.80, primarily due to fair value losses on financial assets[6] Accounting Standards - The company did not apply new accounting standards for the first quarter of 2023[28]