吉林高速(601518) - 2023 Q1 - 季度财报

Important Disclosures The company's board, supervisory board, and senior management affirm the truthfulness, accuracy, and completeness of this quarterly report - The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and bear corresponding legal responsibilities[2] - The company's head, chief accountant, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - These quarterly financial statements are unaudited[4] Key Financial Data The company achieved strong growth in Q1 2023, with significant increases in revenue, net profit, and operating cash flow, while maintaining a stable asset and equity base Key Accounting Data and Financial Indicators Q1 2023 saw robust performance with significant growth in operating revenue, net profit, and operating cash flow, reflecting strong business recovery Core Financial Indicators for Q1 2023 | Indicator | Current Period | Year-on-year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 281,828,452.45 Yuan | 25.26% | | Net Profit Attributable to Shareholders of the Listed Company | 121,454,531.95 Yuan | 43.06% | | Net Cash Flow from Operating Activities | 169,046,414.04 Yuan | 608.33% | | Basic Earnings Per Share (Yuan/share) | 0.09 Yuan | 50.00% | | Weighted Average Return on Net Assets | 2.68% | Increased 0.64 percentage points | Key Balance Sheet Indicators at Period End | Indicator | End of Current Period | Change from End of Previous Year (%) | | :--- | :--- | :--- | | Total Assets | 6,129,482,959.85 Yuan | 1.62% | | Equity Attributable to Shareholders of the Listed Company | 4,592,616,712.80 Yuan | 2.72% | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled 15,839.82 Yuan in the reporting period, with minimal impact on net profit, primarily from government grants offset by minor non-operating expenses Details of Non-recurring Gains and Losses | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Government Grants Included in Current Profit and Loss | 35,482.69 | | Other Non-operating Income and Expenses | -14,075.82 | | Less: Income Tax Impact | 6,285.41 | | Less: Impact on Minority Interests (After Tax) | -718.36 | | Total | 15,839.82 | Analysis of Changes in Key Financial Indicators Key financial indicators grew significantly due to improved operating environment, increased traffic flow, and internal financial optimization, driving profit growth and improved operating cash flow - Operating revenue increased by 25.26%, primarily due to lower toll revenue in the same period last year caused by reduced traffic flow influenced by Jilin Province's macroeconomic environment[7] - Net profit attributable to the parent company increased by 43.06% due to three main factors: 1) increased toll revenue in the current period; 2) deferred expenses in the same period last year; and 3) reduced financial expenses in the current period resulting from early repayment of syndicated loans in September last year[7] - Net cash flow from operating activities increased by 608.33% primarily due to two reasons: 1) increased toll fee settlement received in the current period compared to the same period last year; and 2) payment of previously deferred taxes in the same period last year according to policy[7] Shareholder Information The company's shareholder structure remains stable with 43,964 common shareholders, and the top two state-owned corporate shareholders collectively holding over 68% of shares, ensuring a solid controlling position Shareholding Status of Shareholders As of the reporting period end, the company had 43,964 common shareholders, with the top two state-owned corporate shareholders collectively holding over 68% of shares, maintaining a stable and solid controlling position - The total number of common shareholders at the end of the reporting period was 43,964[9] Shareholding of Top Two Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage (%) | | :--- | :--- | :--- | | Jilin Provincial Expressway Group Co., Ltd. | State-owned Legal Entity | 54.35% | | China Merchants Highway Network Technology Holdings Co., Ltd. | State-owned Legal Entity | 14.04% | Other Reminders The company completed the absorption merger of two subsidiaries during the reporting period, streamlining internal resource allocation and management structure Subsidiary Merger and Integration The company completed the absorption merger of its controlling subsidiary Jigaokianfang by its wholly-owned subsidiary Kowei Transportation, finalizing all related industrial and commercial changes and deregistration to optimize internal resource allocation - The company's controlling subsidiary, Jigaokianfang, underwent a merger and integration with its wholly-owned subsidiary, Kowei Transportation, with Kowei Transportation absorbing Jigaokianfang[11] - As of now, Jigaokianfang has completed deregistration, and the industrial and commercial changes for Kowei Transportation after the merger have been finalized[11] Quarterly Financial Statements The quarterly financial statements provide a detailed overview of the company's financial position, operating performance, and cash flows for the period Consolidated Balance Sheet As of March 31, 2023, total assets reached 6.13 billion Yuan (+1.62%), total liabilities were 1.19 billion Yuan (-2.48%), and equity attributable to owners of the parent company rose 2.72% to 4.59 billion Yuan, reflecting a robust financial structure Key Balance Sheet Items (As of March 31, 2023) | Item | Period-end Balance (Yuan) | Change from Beginning of Year | | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,099,150,081.53 | +166,161,798.86 | | Total Assets | 6,129,482,959.85 | +97,955,461.04 | | Total Liabilities | 1,189,928,587.12 | -30,298,503.94 | | Equity Attributable to Owners of the Parent Company | 4,592,616,712.80 | +121,454,531.95 | Consolidated Income Statement In Q1 2023, total operating revenue was 281.83 million Yuan (+25.26%), with operating profit growing 43.88% and net profit attributable to the parent company surging 43.06% to 121.45 million Yuan, driven by revenue growth and reduced financial expenses, demonstrating enhanced profitability Key Income Statement Items (Q1 2023) | Item | Amount for Current Period (Yuan) | Amount for Same Period Last Year (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 281,828,452.45 | 224,988,108.35 | | Total Operating Costs | 117,269,477.73 | 110,624,437.49 | | Financial Expenses | -1,076,276.41 | 13,375,947.31 | | Total Profit | 164,638,077.71 | 114,396,166.87 | | Net Profit Attributable to Owners of the Parent Company | 121,454,531.95 | 84,899,801.00 | Consolidated Cash Flow Statement The company demonstrated strong cash generation in Q1 2023, with net cash flow from operating activities reaching 169.05 million Yuan, a substantial increase from 23.87 million Yuan in the prior year, primarily due to higher cash received from sales, resulting in a robust period-end cash and cash equivalents balance of 1.10 billion Yuan Key Cash Flow Statement Items (Q1 2023) | Item | Amount for Current Period (Yuan) | Amount for Same Period Last Year (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 169,046,414.04 | 23,865,525.19 | | Net Cash Flow from Investing Activities | -2,180,509.77 | -23,421,179.00 | | Net Cash Flow from Financing Activities | -4,522.08 | -16,943,380.56 | | Net Increase in Cash and Cash Equivalents | 166,861,382.19 | -16,499,034.37 |