SDRB(SZ:000498)2025-05-09 13:08Group 1: Company Overview - Shandong Road and Bridge Group Co., Ltd. focuses on cash flow management, achieving a net cash flow increase of 81.03% year-on-year in Q1 2025 [2] - The core goal for 2025 is to strengthen cash flow management by emphasizing "strict control of increment, resolving stock, and preventing risks" [2] Group 2: Foreign Exchange Risk Management - The company actively monitors foreign exchange risks associated with overseas projects, particularly in countries along the "Belt and Road" initiative [3] - Strategies include careful contract terms regarding exchange rate impacts, advance procurement planning based on exchange rate forecasts, and selecting stable currencies for contracts and settlements [3] Group 3: Subsidiary Performance - The core subsidiary, Road and Bridge Group, established in 1948, reported total assets of 62.236 billion yuan, operating income of 29.355 billion yuan, operating profit of 1.614 billion yuan, and net profit of 1.396 billion yuan in 2024 [4] Group 4: Financing Channels and Costs - The company holds a 3A credit rating, providing access to diverse and low-cost financing channels [5] - In 2024, the average financing costs were 3.88% for bank loans, 2.97% for medium-term notes, and 2.60% for corporate bonds [5]