SDHS(SH:600350)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,420,702,472.64, representing a year-on-year increase of 24.27%[4] - The net profit attributable to shareholders for Q1 2023 was CNY 810,493,602.27, reflecting a growth of 12.95% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 789,011,406.34, an increase of 9.85% year-on-year[4] - The basic earnings per share for Q1 2023 was CNY 0.143, up by 10.85% from the previous year[4] - Toll revenue reached RMB 2.576 billion (including tax), representing a year-on-year increase of 11%[12] - The total toll revenue for all segments in Q1 2023 was RMB 25.755 billion, an increase of 11% compared to the same period last year[14] - The company reported a 71.10% increase in revenue from the Lijin Yellow River Bridge, attributed to a low base from the previous year[14] - The net profit for Q1 2023 reached CNY 609,607,385.33, compared to CNY 389,118,942.67 in Q1 2022, reflecting a growth of 56.6%[33] - The profit attributable to shareholders of the parent company for Q1 2023 was ¥810,493,602.27, compared to ¥717,562,602.53 in Q1 2022, marking an increase of 12.9%[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 137,821,504,164.04, a slight increase of 0.57% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was CNY 40,351,065,043.39, which is a 1.75% increase compared to the end of the previous year[5] - The total liabilities as of Q1 2023 amounted to ¥84,995,526,194.85, slightly up from ¥84,792,185,969.94 in the previous quarter[23] - The total assets of the company reached CNY 137.82 billion as of March 31, 2023, compared to CNY 137.05 billion at the end of 2022[22] - The total liabilities decreased to CNY 49,941,408,276.51 in Q1 2023 from CNY 50,306,829,542.51 in Q1 2022, a reduction of approximately 0.72%[31] - The total equity increased to CNY 36,673,147,508.29 in Q1 2023 from CNY 36,180,792,175.20 in Q1 2022, marking a growth of 1.36%[31] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 1,173,804,196.03, showing a decrease of 3.06% year-on-year[4] - Cash inflow from operating activities for Q1 2023 was approximately $4.80 billion, an increase of 22.8% compared to $3.91 billion in Q1 2022[27] - Cash outflow from operating activities totaled $3.62 billion in Q1 2023, up from $2.69 billion in Q1 2022, representing a 34.6% increase[27] - Net cash flow from operating activities for Q1 2023 was $1.17 billion, a slight decrease of 3.1% from $1.21 billion in Q1 2022[27] - Cash inflow from investment activities was approximately $1.04 billion in Q1 2023, compared to $318.20 million in Q1 2022, marking a significant increase[28] - Net cash flow from investment activities was -$2.51 billion in Q1 2023, an improvement from -$2.97 billion in Q1 2022[28] - Cash inflow from financing activities was $5.73 billion in Q1 2023, down from $6.23 billion in Q1 2022[28] - Net cash flow from financing activities was $213.37 million in Q1 2023, a decrease of 93% compared to $3.05 billion in Q1 2022[28] Investments and Projects - The company completed investment of RMB 1.316 billion in the Jitai expansion project in Q1 2023, exceeding the quarterly investment plan by 8%[18] - The company is actively pursuing partnerships in the "network freight" business, having reached cooperation intentions with JD.com and Yongchang Logistics[12] - The external project contract amount increased by 94% year-on-year, totaling approximately CNY 42.41 million[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,903[8] - The largest shareholder, Shandong Expressway Group Co., Ltd., held 70.67% of the shares, amounting to 3,411,626,859 shares[9] Research and Development - Research and development expenses for Q1 2023 were ¥24,868,779.89, slightly up from ¥24,085,532.59 in Q1 2022[24] - Research and development expenses decreased to CNY 2,010,009.17 in Q1 2023 from CNY 4,505,613.36 in Q1 2022, a decline of 55.5%[32] Digital Initiatives - The company initiated a pilot for "digital RMB" payments on highways, marking a significant step in digitalization[12] - The "Changhe Tong" platform membership surpassed 3.5 million, with ongoing enhancements to its functionality[12]