FUJIAN EXPRESSWAY(600033)2025-04-18 10:50Financial Performance - Net profit attributable to shareholders decreased by 13.46% to CNY 780.77 million in 2024 from CNY 902.26 million in 2023[12] - Operating revenue slightly declined by 0.78% to CNY 3.03 billion in 2024 compared to CNY 3.05 billion in 2023[12] - Net profit for 2024 was 1.022 billion RMB, reflecting a year-on-year decline of 10.82%[26] - The net profit attributable to the parent company was 781 million RMB, a decrease of 13.46% compared to the previous year[26] - The company reported a net profit of 792.58 million RMB after deducting non-recurring gains and losses, down 13.98% from the previous year[26] Revenue and Costs - In 2024, the company achieved operating revenue of 3.026 billion RMB, a year-on-year decrease of 0.78%[26] - Total operating costs for 2024 were 1.463 billion RMB, down 3.03% year-on-year[26] Shareholder Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 137.22 million, with retained earnings of CNY 2.65 billion carried forward to the next year[5] - The total number of ordinary shareholders increased to 71,559 by the end of the reporting period, up from 67,386 in the previous month[17] Asset and Equity Management - Total assets increased by 3.19% to CNY 17.29 billion in 2024 compared to CNY 16.75 billion in 2023[12] - The company's asset-liability ratio was 18.11%, a decrease of 0.81 percentage points from the previous year[26] - The weighted average return on equity decreased by 1.31 percentage points to 6.87% in 2024[13] - The weighted average return on equity (ROE) was 6.87%, down 1.31 percentage points year-on-year[26] Cash Flow and Financial Ratios - The net cash flow from operating activities was CNY 2.09 billion, a slight decrease of 0.69% from CNY 2.10 billion in 2023[13] - The interest coverage ratio improved to 31.75, an increase of 12.44% year-on-year[26] - EBITDA to total debt ratio was 2.41, a decrease of 5.80% compared to the previous year[26] Business Operations - The company operates a total of 282 kilometers of toll roads, with no new toll road mileage added during the reporting period[9] - The company continues to focus on its core business of highway investment and operation, leveraging cash flow advantages for sustainable development[10] - The company has invested in financial institutions, including Xiamen International Bank and Haixia Insurance, yielding positive returns[10]