山东路桥(000498) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 10,555,486,845.49, representing a year-on-year increase of 0.28%[4] - Net profit attributable to shareholders was CNY 236,841,572.74, up 0.52% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 229,582,909.90, reflecting a growth of 2.41% year-on-year[4] - The company reported a net profit attributable to shareholders of CNY 214,471,590.60 for Q1 2023, down from CNY 250,011,788.04 in Q1 2022, reflecting a decrease of approximately 14.25%[49] - Operating profit for the current period is 408,538,154.83, compared to 383,699,848.65 in the previous period, indicating an increase of about 6.5%[34] - The total profit for the current period is 409,725,083.64, up from 385,489,137.66 in the previous period, representing a growth of approximately 6.3%[34] Cash Flow - The net cash flow from operating activities was negative at CNY -2,021,462,380.31, a decline of 48.60% compared to the previous year[4] - The net cash flow from operating activities decreased by 48.60% to -CNY 2,021,462,380.31, primarily due to reduced cash inflows from sales and services[23] - Cash flow from operating activities shows a net outflow of -2,021,462,380.31, worsening from -1,360,300,230.59 in the previous period[36] - The cash inflow from operating activities totals 15,280,370,838.07, compared to 14,718,996,030.47 in the previous period, marking an increase of about 3.8%[36] - The cash outflow from operating activities is 17,301,833,218.38, which is higher than 16,079,296,261.06 in the previous period, indicating an increase of approximately 7.6%[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 107,749,840,504.00, an increase of 4.57% from the end of the previous year[4] - Total assets as of the end of the reporting period amounted to CNY 107,749,840,504.00, up from CNY 103,038,861,649.39, marking an increase of about 4.3%[47] - Total liabilities increased to CNY 84,072,590,296.08 from CNY 80,031,565,139.49, representing a growth of approximately 5.1%[47] - The company’s total equity increased to CNY 23,677,250,207.92 from CNY 23,007,296,509.90, showing a growth of about 2.9%[47] Financing Activities - Cash inflow from financing activities totaled CNY 10.95 billion, significantly up from CNY 3.65 billion year-over-year[52] - The net cash flow from financing activities surged by 409.70% to CNY 7,839,711,202.63, driven by the issuance of convertible bonds[23] - The company issued convertible bonds on March 30, 2023, to enhance its capital structure[14] - The company plans to list convertible bonds on April 26, 2023, as part of its financing strategy[43] Investment Activities - Investment income increased significantly by 156.94%, reaching CNY 10,079,212.74, attributed to higher returns from joint ventures and associates[23] - The net cash flow from investing activities saw a substantial decline of 228.57%, totaling -CNY 2,879,936,270.98, mainly due to increased investment payments for construction projects[23] - Cash outflow for investing activities amounted to CNY 2.89 billion, compared to CNY 901.85 million in the previous year[52] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,211, with the largest shareholder holding 49.75% of the shares[11] Other Income and Expenses - The company reported a total non-operating income of CNY 7,258,662.84 for the current period, with government subsidies contributing CNY 4,249,982.79[20] - Other income decreased by 32.15% to CNY 4,249,982.79, reflecting a reduction in government incentives and awards received[23] - Research and development expenses for Q1 2023 were CNY 121,883,492.64, down from CNY 167,413,220.99 in Q1 2022, reflecting a reduction of approximately 27.2%[47] Credit and Impairment - The company experienced a 77.96% reduction in credit impairment losses, amounting to -CNY 1,939,952.43, indicating improved receivables management[23] - The company recorded a credit impairment loss of -1,939,952.43, an improvement from -8,803,344.95 in the previous period[34] Comprehensive Income - The company’s other comprehensive income after tax shows a net loss of -48,208,916.09, compared to a gain of 12,534,829.76 in the previous period[34]