2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,629,503,688.10, representing a year-on-year increase of 32.95% compared to CNY 2,578,308,102.00 in the same period last year[5]. - The net profit attributable to shareholders of the listed company reached CNY 1,227,071,673.50, marking a 46.13% increase from CNY 795,301,448.02 in the previous year[5]. - Basic earnings per share for Q1 2023 were CNY 0.2436, reflecting a 46.13% increase from CNY 0.1579 in the same period last year[6]. - The operating profit for Q1 2023 was approximately RMB 1,602,955,660.61, reflecting a year-on-year growth of 47.17% from RMB 1,089,198,155.83 in Q1 2022[22]. - The net profit attributable to shareholders for Q1 2023 was approximately RMB 1,227,072,000, representing a year-on-year increase of 46.13% compared to RMB 839,171,688.63 in Q1 2022[22]. - The total comprehensive income attributable to the parent company for Q1 2023 was CNY 1,158,977,661.97, down from CNY 1,483,621,582.06 in Q1 2022, a decrease of about 21.8%[23]. Cash Flow - The net cash flow from operating activities was CNY 1,623,269,207.65, which is a 40.38% increase compared to CNY 1,102,847,758.50 in the same period last year[6]. - The net cash flow from operating activities for Q1 2023 was CNY 1,623,269,207.65, up from CNY 1,156,311,870.41 in Q1 2022, indicating a growth of about 40.4%[26]. - The net cash flow from investment activities for Q1 2023 was -CNY 2,060,079,127.24, worsening from -CNY 852,867,915.19 in Q1 2022[26]. - The net cash flow from financing activities for Q1 2023 was CNY 436,449,294.72, a significant improvement from -CNY 276,911,077.63 in Q1 2022[26]. - Cash and cash equivalents at the end of Q1 2023 were CNY 924,652,229.62, compared to CNY 643,839,676.34 at the end of Q1 2022, showing an increase of approximately 43.6%[26]. Revenue Breakdown - The total revenue for the first quarter of 2023 reached approximately RMB 3,629,504 thousand, representing a year-over-year increase of 32.95%[13]. - Toll road business generated revenue of approximately RMB 2,228,360 thousand, up about 22.22% compared to the same period last year[13]. - The revenue from supporting businesses was approximately RMB 435,425 thousand, a year-over-year increase of 35.77%[14]. - Oil sales revenue reached approximately RMB 401,661 thousand, up 42.62% year-over-year, driven by rising oil prices and increased sales volume[14]. - Real estate business revenue was approximately RMB 168,846 thousand, down about 24.04% year-over-year due to lower turnover compared to the previous year[14]. - Power sales revenue was approximately RMB 175,458 thousand, reflecting a year-over-year increase of 16.05%[14]. - Construction period revenue was approximately RMB 572,227 thousand, a significant year-over-year increase of 212.78%[14]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 80,056,724,211.66, showing a 2.04% increase from CNY 78,458,345,074.07 at the end of the previous year[6]. - The total liabilities as of March 31, 2023, were RMB 40,689,474,269.11, compared to RMB 40,508,013,176.12 at the end of 2022[20]. - The company's cash and cash equivalents stood at RMB 932,607,964.66 as of March 31, 2023, slightly down from RMB 932,931,344.38 at the end of 2022[19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,099, with 27,702 A-share shareholders and 397 H-share shareholders[12]. Traffic and Operations - The increase in operating revenue was attributed to a rise in traffic volume on the company's road network and increased investment in road and bridge projects[9]. - The average daily traffic volume on the Shanghai-Nanjing Expressway was 115,764 vehicles, representing a year-over-year increase of 33.76%[15]. - Average daily toll revenue for the Shanghai-Nanjing Expressway Jiangsu section was approximately RMB 14,278.63 thousand, reflecting a year-over-year growth of 18.93%[14]. - The company expects continued growth in traffic volume and revenue from its core toll operations in the upcoming quarters[9]. Cost Management - The company reported a significant increase in operating costs primarily due to rising oil procurement costs and amortization of highway operating rights[17]. - The total operating costs for Q1 2023 were approximately RMB 2,293,242,921.45, up 27.73% from RMB 1,795,314,058.29 in Q1 2022[22]. - The cash outflow for purchasing goods and services in Q1 2023 was CNY 810,097,483.43, slightly down from CNY 851,737,406.74 in Q1 2022, a decrease of approximately 4.9%[25].