Financial Performance - The company achieved operating revenue of CNY 174,196,363.16 in Q3 2023, representing a year-on-year increase of 20.62%[7] - Net profit attributable to shareholders reached CNY 56,938,528.58 in Q3 2023, up 49.01% year-on-year, while the net profit excluding non-recurring items was CNY 56,753,823.81, reflecting a growth of 48.47%[9] - For the year-to-date period, total operating revenue was CNY 451,991,547.48, an increase of 24.82% compared to the same period last year[4] - The electronic toll collection business generated revenue of CNY 109,888,500 in Q3 2023, accounting for 63.08% of total revenue, with a year-on-year growth of 26.67%[7] - The operating revenue from the smart traffic operation management system was CNY 60,335,900, representing 34.64% of total revenue, with an 11.60% year-on-year increase[7] - Operating profit for the period was ¥168,988,319.58, up 48.4% from ¥113,949,671.65 in the same quarter last year[26] - Net profit attributable to shareholders of the parent company was ¥155,328,322.31, representing a 45.3% increase from ¥106,833,775.02 in Q3 2022[26] - The total comprehensive income for the period attributable to the parent company was CNY 155,328,322.31, compared to CNY 106,833,775.02 in the previous period, representing an increase of approximately 45.2%[28] Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 401,200.61 for the year-to-date period, a significant turnaround from a negative cash flow of CNY -337,861,536.71 in the previous year[10] - Cash inflow from operating activities was CNY 37,472,844,898.65, up from CNY 30,032,622,864.15, indicating a growth of approximately 24.5%[29] - The net cash flow from operating activities turned positive at CNY 401,200.61, a significant improvement from a negative CNY 337,861,536.71 in the previous period[30] - Cash and cash equivalents increased by 44.78% to ¥233,357,364.77 due to the maturity of structured deposits[11] - Cash and cash equivalents at the end of the period totaled CNY 229,015,682.42, down from CNY 1,200,370,654.40, a decrease of about 80.9%[30] - Cash outflow from investing activities was CNY 14,878,487,123.70, compared to CNY 14,608,482,688.05 in the previous period, showing an increase of approximately 1.8%[30] - The net cash flow from investing activities was CNY 147,543,469.60, down from CNY 474,388,106.66, indicating a decline of about 68.9%[30] - Cash outflow from financing activities was CNY 78,430,590.15, compared to CNY 19,699,744.80 in the previous period, representing an increase of approximately 297.5%[30] - The company did not report any cash inflow from financing activities during the current period, contrasting with CNY 1,046,613,796.23 in the previous period[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 12,239[18] - Jiangsu Transportation Holding Co., Ltd. holds 49.35% of the shares, totaling 200,869,565 shares[18] - Jiangsu Expressway Network Operation Management Co., Ltd. holds 21.15% of the shares, totaling 86,086,957 shares[18] - Tencent Cloud Computing (Beijing) Co., Ltd. holds 2.21% of the shares, totaling 9,000,000 shares[18] - The company has no preferred shareholders or related financing arrangements among the top shareholders[19] - The company has a significant presence of state-owned enterprises among its top shareholders, indicating strong governmental support[18] - The company has a diverse shareholder base, including both state-owned and private entities[18] Asset Management - The company’s total assets at the end of the reporting period were CNY 5,279,255,254.31, reflecting a 1.37% increase from the end of the previous year[4] - Current assets decreased to ¥3,904,758,563.89 from ¥4,074,375,323.95 at the start of the year, a decline of 4.2%[25] - Total liabilities decreased to ¥2,672,222,227.77 from ¥2,685,748,288.00, a reduction of 0.5%[25] - The company’s total equity rose to ¥2,607,033,026.54 from ¥2,521,914,969.49, an increase of 3.4%[25] Operational Efficiency - The gross profit margin for the main business was 53.16%, an increase from 48.42% in the previous year, with the electronic toll collection business margin rising to 55.57%[9] - Research and development expenses for Q3 2023 were ¥34,702,910.89, compared to ¥33,310,898.21 in Q3 2022, reflecting a 4.2% increase[26] Tax and Liabilities - Income tax expenses rose by 61.07% to ¥24,732,217.89, driven by increased operating profit[15] - Accounts payable increased by 36.96% to ¥172,534,644.71, reflecting higher procurement costs related to increased sales volume[11] - Deferred tax assets rose by 58.61% to ¥9,574,171.85, due to an increase in unrealized internal profits[11] - Other current liabilities decreased by 100% as all bank acceptance bills matured during the reporting period[13] - Tax refunds received increased by 247.81% to ¥1,641,115.19, indicating improved cash flow from tax returns[17] Market Strategy - The company plans to continue optimizing its ETC product system and expanding its market channels to drive further revenue growth in the electronic toll collection segment[8] - The company is focused on expanding its market presence and enhancing its technological capabilities in the smart transportation sector[22] Earnings Per Share - Basic and diluted earnings per share increased to CNY 0.3816 from CNY 0.3079, reflecting a growth of about 24%[28] Audit Status - The third quarter report was not audited, which may affect the reliability of the financial data presented[31]
通行宝(301339) - 2023 Q3 - 季度财报