Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,286,864,373.72, representing a year-on-year increase of 12.38%[3] - Net profit attributable to shareholders was CNY 459,671,340.30, showing a slight increase of 0.05% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 7.62% to CNY 433,717,075.67[3] - The company's basic and diluted earnings per share were both CNY 0.2771, reflecting a year-on-year increase of 0.05[3] - Total revenue for Q1 2024 reached ¥1,286,864,373.72, an increase of 12.4% compared to ¥1,145,086,806.22 in Q1 2023[27] - Net profit for Q1 2024 was ¥474,742,275.92, slightly down from ¥478,671,148.35 in Q1 2023, representing a decrease of 0.6%[28] Cash Flow and Financing - The net cash flow from operating activities was CNY 674,132,876.34, down 34.52% year-on-year, primarily due to a decrease in toll revenue[3][8] - Cash inflow from financing activities totaled $407,560,000 in Q1 2024, a significant increase from $80,000,000 in Q1 2023, representing a growth of 409.5%[31] - The net cash flow from financing activities was $341,313,693 in Q1 2024, compared to a negative cash flow of $6,001,223.83 in Q1 2023, indicating a turnaround in financing performance[31] - The net increase in cash and cash equivalents for Q1 2024 was $876,177,500.96, a substantial rise from $57,271,415.83 in Q1 2023, reflecting a growth of 1421.5%[31] - Cash received from borrowings increased to $400,000,000 in Q1 2024, up from $80,000,000 in Q1 2023, marking a 400% increase[31] - Cash paid for debt repayment was $7,310,000 in Q1 2024, a decrease from $25,810,000 in Q1 2023, reflecting a reduction of 71.7%[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,644,542,609.70, an increase of 4.17% from the end of the previous year[4] - Long-term borrowings increased to RMB 6,331,588,045.56 as of March 31, 2024, compared to RMB 5,959,721,502.65 as of December 31, 2023[25] - Total liabilities as of March 31, 2024, were RMB 8,047,356,035.50, up from RMB 7,623,858,820.55 at the end of 2023[25] - The company's retained earnings rose to ¥10,988,247,234.60 as of March 31, 2024, compared to ¥10,528,575,894.30 at the end of 2023, marking an increase of 4.4%[26] Operating Costs and Revenue - The company's operating costs increased by 54.06%, mainly due to the construction costs of expanded PPP projects[8] - The total toll revenue for the first quarter of 2024 was RMB 1,022,953,000, a decrease of 8.01% compared to RMB 1,112,082,000 in the same period of 2023[15] - The average daily traffic volume for the He Ning Expressway in Q1 2024 was 47,536 vehicles, down 5.76% from 50,444 vehicles in Q1 2023[15] - The company reported a decrease in toll revenue across several expressways, with the highest decline being 47.20% for the Xuanguang Expressway[15] Investments - Investment income surged by 154.69%, attributed to dividends from the CICC Anhui Expressway REIT fund[8] - The company completed an investment of RMB 6.6417 million in the Anhui Expressway Investment Fund during the reporting period[17] - The company invested RMB 10 million in the establishment of the Anhui Expressway Jinshi Emerging Industry Equity Investment Fund during the reporting period[18] Shareholder Information - 安徽省交通控股集团有限公司持有524,644,220股，占总股本的31.63%[10] - HKSCC NOMINEES LIMITED持有489,043,879股，占总股本的29.49%[10] - 招商局公路网络科技控股股份有限公司持有404,191,501股，占总股本的24.37%[10] - 香港中央结算有限公司持有24,063,843股，占总股本的1.45%[10] - 中国建设银行股份有限公司－银华富裕主题混合型证券投资基金持有8,318,138股，占总股本的0.50%[10] - 中国平安人寿保险股份有限公司－自有资金持有7,308,054股，占总股本的0.44%[10] - 丁秀玲持有4,914,735股，占总股本的0.30%[10] - 汇添富基金管理股份有限公司－社保基金1103组合持有4,662,600股，占总股本的0.28%[11] - 中国银行股份有限公司－易方达中证红利交易型开放式指数证券投资基金持有4,520,969股，占总股本的0.27%[11] - 上海浦东发展银行股份有限公司－招商中证红利交易型开放式指数证券投资基金持有4,014,700股，占总股本的0.24%[11] Accounting Standards - The company has adopted new accounting standards starting in 2024, which may impact financial reporting[31]
安徽皖通高速公路(00995) - 2024 Q1 - 季度业绩