Financial Performance - Revenue increased by approximately 25.19% to approximately RMB 7,021,823 thousand[3] - Profit attributable to owners of the parent decreased by approximately 7.74% to approximately RMB 484,586 thousand[3] - Earnings per share was approximately RMB 0.23, down from RMB 0.25 in the previous year[4] - Total other income and gains increased to RMB 107,465 thousand in 2024 from RMB 71,454 thousand in 2023, representing a growth of 50.4%[31] - Pre-tax profit decreased to RMB 657,269 thousand in 2024 from RMB 713,591 thousand in 2023, a decline of 7.9%[36] - The net profit for Jinan Xinyue in 2024 was RMB 2,003,000, down 55.7% from RMB 4,519,000 in 2023[45] - The net profit attributable to the parent company was approximately RMB 484,586 thousand, a decrease of about 7.74% from RMB 525,260 thousand last year, mainly due to reduced toll revenue from the Jizhao Highway expansion project[78] Revenue Breakdown - Customer contract revenue reached RMB 7,020,098,000, with significant contributions from construction and other services amounting to RMB 5,975,302,000[27] - Revenue from highway operations was RMB 1,044,796,000, while construction and other businesses contributed RMB 5,975,302,000[27] - The construction and other business segment generated revenue of approximately RMB 5,975,302 thousand, up about 33.92% from RMB 4,461,812 thousand last year, driven by the expansion project and other construction activities[69] - The company's revenue for 2024 was RMB 43,807,000, a decrease of 1.7% from RMB 44,555,000 in 2023[45] Assets and Liabilities - Total non-current assets increased to RMB 19,013,898 thousand from RMB 12,601,803 thousand[5] - Total current liabilities rose significantly to RMB 4,851,534 thousand from RMB 1,722,537 thousand[6] - Net current liabilities amounted to RMB 2,789,814 thousand compared to net current assets of RMB 182,692 thousand in the previous year[6] - Total assets less current liabilities increased to RMB 16,224,084 thousand from RMB 12,784,495 thousand[6] - Total equity attributable to owners of the parent increased to RMB 6,083,759 thousand from RMB 5,924,955 thousand[6] Financial Reporting Standards - The group has adopted new and revised Hong Kong Financial Reporting Standards, including HKFRS 16 and HKAS 1, with no impact on the financial position or performance[12] - The group has reassessed its liability terms and conditions as of January 1, 2023, and found that the classification of liabilities remains unchanged after the initial application of the revisions[12] - The company expects no significant impact on its financial statements from the recent amendments to Hong Kong Financial Reporting Standards[22] - The amendments to financial reporting standards clarify the treatment of financial assets and liabilities, with no expected significant impact on the group's financial statements[21] Dividends - Proposed final dividend for the year 2024 is RMB 0.1 per share (tax included)[3] - Proposed final dividend per ordinary share is RMB 0.100 in 2024, down from RMB 0.150 in 2023, reflecting a total of RMB 200,000 thousand compared to RMB 300,000 thousand in the previous year[36] - The board of directors proposed a final cash dividend of RMB 0.1 per share, totaling RMB 200,000,000 for the fiscal year ending December 31, 2024[107] - The dividend distribution plan will be submitted for approval at the 2024 Annual General Meeting scheduled for June 26, 2025[108] Investments and Projects - The company has made significant investments in urban renewal projects, including RMB 400,000,000 in a comprehensive development project and RMB 280,000,000 in a marine information industry project[51] - The company invested RMB 100,000,000 in the Pingdu Water Supply Pipeline project with a fixed return rate of 10%, expecting a total amount of RMB 101,190,000 by December 31, 2024[52] - The Jinan to Heze expressway expansion project has a total estimated investment of RMB 18.6 billion and spans 152.7 kilometers, expanding from a four-lane to an eight-lane highway[95] - The group achieved a cumulative investment completion of RMB 13.096 billion for the Jinan to Heze expressway expansion project by the end of 2024, with RMB 4.151 billion invested in 2024 alone[96] Employee and Operational Metrics - Employee compensation expenses totaled approximately RMB 230,855 thousand, an increase from RMB 203,667 thousand in the previous year[82] - The group employed a total of 672 employees as of December 31, 2024, down from 696 employees as of December 31, 2023[82] - The average daily traffic for Jizhao Expressway was approximately 37,233 vehicles, while for Deshang Expressway it was about 54,997 vehicles, and for Xinnan Expressway it was around 11,006 vehicles[87] Compliance and Governance - The company has adopted all applicable provisions of the Corporate Governance Code and has complied with the standards set forth[104] - The company has confirmed compliance with the standards for securities transactions by directors and supervisors[105]
齐鲁高速(01576) - 2024 - 年度业绩