Ganyue Expressway(SH:600269)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,555,995,831.31, representing a decrease of 17.30% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was ¥423,144,746.54, an increase of 27.40% year-on-year[5] - Basic and diluted earnings per share were both ¥0.18, reflecting a year-on-year increase of 28.57%[5] - The company reported a total comprehensive income of ¥411,949,432.27 for the quarter, down from ¥659,887,086.19 in the same period last year[15] - Net profit for Q1 2023 reached ¥454,240,268.03, an increase of 22.9% from ¥369,387,106.34 in Q1 2022[33] - The company achieved an investment income of ¥14,235,218.59 in Q1 2023, a significant increase from ¥1,170,429.11 in Q1 2022[33] - The company's total revenue from sales and services received in Q1 2023 was $710.90 million, down from $743.93 million in Q1 2022, reflecting a decrease of approximately 4.4%[46] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥607,852,344.68, marking a significant increase of 46.95% compared to the previous year[5] - Cash inflow from operating activities for Q1 2023 was approximately $1.91 billion, a decrease of 18.83% compared to $2.35 billion in Q1 2022[17] - Net cash flow from operating activities for Q1 2023 was $612.50 million, a decrease of 18.9% compared to $755.62 million in Q1 2022[46] - Cash and cash equivalents increased to ¥4,338,153,687.77 from ¥1,692,978,709.34 at the end of the previous year[12] - Cash and cash equivalents at the end of Q1 2023 amounted to ¥4,335,215,588.19, up from ¥3,983,119,774.29 at the end of 2022[36] - The company reported a net cash outflow from investing activities of ¥145,963,185.72 in Q1 2023, compared to a net inflow of ¥300,003,416.57 in Q1 2022[36] - The company’s cash flow from financing activities included a 120% increase in cash received from bond issuance, reflecting a strategy to enhance liquidity[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥37,343,694,099.79, up 7.88% from the end of the previous year[6] - The company's total liabilities increased to RMB 9.65 billion from RMB 7.77 billion, indicating a rise in financial obligations[31] - The company's total assets as of March 31, 2023, were ¥30,433,430,333.16, compared to ¥28,297,495,999.17 at the end of 2022[38] - Current liabilities rose to $8.66 billion, up from $7.23 billion, indicating an increase of about 19.8%[39] Shareholder Information - The company had a total of 67,864 common shareholders at the end of the reporting period[8] - The company has a significant shareholder, Jiangxi Provincial Transportation Investment Group, holding 47.52% of shares[27] - The company’s equity structure includes various state-owned and private shareholders, with no reported pledges or restrictions on shares[27] Investment and Growth - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[61] - The company signed a syndicated loan agreement totaling RMB 9.7 billion for the expansion project of the Zhangshu to Jian Highway[29] Expenses - Total operating costs for Q1 2023 were ¥1,063,930,195.43, down 21.0% from ¥1,346,510,770.54 in Q1 2022[33] - The company's financial expenses decreased to RMB 111,843,129.21 in Q1 2023 from RMB 122,065,065.71 in Q1 2022[33] - The company's financial expenses decreased to RMB 84,738,159.77 in Q1 2023 from RMB 93,663,738.09 in Q1 2022[61] - The tax expense for Q1 2023 was RMB 133,678,317.59, compared to RMB 65,863,525.91 in Q1 2022, indicating a higher tax burden[61]