Financial Performance - Revenue increased by 10.7% year-on-year, reaching RMB 16,965.024 million[3] - Profit attributable to owners of the company grew by 0.9% year-on-year, amounting to RMB 5,223.679 million[7] - Basic earnings per share were RMB 112.95, while diluted earnings per share were RMB 105.32[4] - Proposed dividend per share is RMB 0.32, down from RMB 0.375 per share in 2022[4] - Gross profit rose to RMB 7,199.339 million, compared to RMB 5,966.652 million in the previous year[6] - Profit before tax was RMB 7,851.538 million, up from RMB 7,342.061 million in 2022[6] - Total comprehensive income for the year attributable to owners of the company was RMB 5,327.819 million[7] - The company reported a significant increase in securities investment income, rising to RMB 1,024.960 million from RMB 679.734 million[6] - The segment profit for the highway business was RMB 3,890,536 thousand for the year ended December 31, 2023, compared to RMB 3,841,689 thousand for the previous year, indicating a slight increase of about 1.3%[32] - The securities business generated a segment profit of RMB 1,915,533 thousand in 2023, up from RMB 1,709,964 thousand in 2022, reflecting a growth of approximately 12.0%[32] - The other business segment reported a profit of RMB 816,261 thousand for 2023, compared to RMB 751,357 thousand in 2022, which is an increase of about 8.6%[32] Assets and Liabilities - Non-current assets increased to RMB 62,020.21 million in 2023 from RMB 59,128.26 million in 2022, representing a growth of 3.2%[8] - Current assets rose to RMB 152,862.43 million in 2023, up from RMB 146,213.77 million in 2022, indicating an increase of 4.5%[10] - Total liabilities increased to RMB 103,306.34 million in 2023 from RMB 101,556.37 million in 2022, reflecting a growth of 1.7%[12] - The company's equity attributable to owners increased to RMB 39,792.22 million in 2023, compared to RMB 30,008.84 million in 2022, marking a significant rise of 32.5%[14] - The total assets less current liabilities increased to RMB 104,427.47 million in 2023 from RMB 89,305.04 million in 2022, showing a growth of 17%[12] - The company's borrowings decreased to RMB 13,213.54 million in 2023 from RMB 17,302.73 million in 2022, a reduction of 23.5%[14] - The company's total equity increased to RMB 60,405.11 million in 2023, compared to RMB 49,300.21 million in 2022, indicating a growth of 22.6%[14] - The total liabilities of the group as of December 31, 2023, were RMB 147,328,689 thousand, compared to RMB 141,561,200 thousand in 2022, indicating an increase of about 4.0%[34] Cash Flow and Investments - The company's cash and cash equivalents stood at RMB 23,830.44 million in 2023, slightly down from RMB 23,990.17 million in 2022, a decrease of 0.7%[10] - The company reported a net cash inflow from operating activities of RMB 9.81 billion for the period[110] - Capital expenditures during the period amounted to RMB 3.33 billion, with RMB 1.78 billion allocated for equity investments[117] - The group has total capital expenditure commitments of RMB 6.24 billion, with RMB 1.01 billion designated for equity investments[117] Debt and Financing - The interest expense for the period totaled RMB 2.14 billion, resulting in an EBITDA interest coverage ratio of 4.7[115] - The total interest-bearing borrowings of the group reached RMB 57.41 billion, representing a growth of 4.5% compared to the previous year[112] - The group provided guarantees for bank borrowings totaling RMB 2.2 billion for Shenxin Company, with an outstanding balance of RMB 518.97 million as of December 31, 2023[120] - The company recorded interest expenses of RMB 228,084,000 related to the convertible bond in 2023[73] Revenue Sources - The revenue from the highway business for the year ended December 31, 2023, was RMB 10,423,833 thousand, up from RMB 9,093,380 thousand in 2022, representing a growth of approximately 14.6%[41] - Securities business revenue was RMB 6,372,289,000, reflecting a 4.8% increase from RMB 6,080,383,000 in the previous year[86] - The group’s highway toll revenue from major highways contributed RMB 10,423,833,000, accounting for 61.4% of total revenue[84] - The group’s securities business generated RMB 63,722,290,000, which accounted for 37.6% of total revenue[84] Market and Economic Conditions - The group achieved a GDP growth of 5.2% in 2023, with Zhejiang Province's GDP growing by 6.0%[83] - The company expects stable growth in highway traffic volume and toll revenue in 2024, supported by a recovering Chinese economy[125] - The company is actively promoting market-oriented measures to increase revenue following the surge in self-driving travel post-pandemic[92] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules during the reporting period[136] - The company has not engaged in any significant transactions involving its listed securities during the reporting period[135] Future Plans and Strategies - The company plans to deepen capital market reforms and enhance its service capabilities in response to market changes[128] - The company aims to enhance operational efficiency and reduce costs through digital transformation and technological innovation[126] - The company will focus on high-quality development, strengthening its highway business and optimizing its securities and financial services[129]
浙江沪杭甬(00576) - 2023 - 年度业绩