FUJIAN EXPRESSWAY(600033)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders reached CNY 230,868,715.49, a significant increase of 764.57% year-on-year[13] - Operating revenue surged by 225.27% to CNY 720,601,971.77 compared to the same period last year[13] - Basic earnings per share rose to CNY 0.0841, compared to a loss of CNY 0.0127 in the same period last year, marking a 762.20% increase[15] - The company reported a net profit of CNY 1,628,011,421.90 for the first quarter, up from CNY 1,509,611,543.20, representing a growth of about 7.8%[40] - The company reported a total profit of ¥387,468,676.08 for Q1 2021, contrasting with a loss of ¥37,039,426.92 in the same period last year[45] - The total comprehensive income for Q1 2021 was ¥287,849,088.71, compared to a loss of ¥52,522,610.75 in Q1 2020, reflecting improved overall performance[46] - The company reported a significant reduction in credit impairment losses, which were ¥1,220,688.83 in Q1 2021, compared to ¥178,506.14 in Q1 2020[45] Cash Flow - Net cash flow from operating activities improved to CNY 610,588,748.25, a 543.55% increase from the previous year[13] - The net cash flow from operating activities improved significantly to ¥610,588,748.25 from -¥137,658,337.60, mainly due to increased toll revenue[27] - Cash flow from operating activities generated a net inflow of CNY 610,588,748.25, a substantial improvement from a net outflow of CNY 137,658,337.60 in the previous year[54] - The cash outflow for investing activities was CNY 170,522,609.19, significantly higher than CNY 5,292,316.99 in Q1 2020[54] - The cash outflow for financing activities was CNY 18,061,320.01, compared to CNY 25,250,000.00 in the same quarter of the previous year[56] Assets and Liabilities - Total assets increased by 2.39% to CNY 16,567,448,910.98 compared to the end of the previous year[13] - Total liabilities increased to CNY 4,053,940,913.68, up from CNY 3,954,973,552.03, representing a growth of approximately 2.7%[35] - Total equity attributable to shareholders rose to CNY 10,105,822,492.10, compared to CNY 9,875,587,114.78, reflecting an increase of about 2.3%[35] - Non-current assets totaled CNY 8,827,626,700.69, slightly up from CNY 8,787,955,928.19, showing a growth of about 0.5%[39] - The total liabilities to equity ratio stands at approximately 0.32, indicating a stable leverage position[40] Shareholder Information - The total number of shareholders reached 96,248 by the end of the reporting period[18] - The top shareholder, Fujian Expressway Group Co., Ltd., holds 36.16% of the shares, totaling 992,367,729 shares[18] Operating Costs and Expenses - Operating costs increased by 29.48% to ¥247,273,077.78 from ¥190,966,720.98, driven by higher traffic volume leading to increased depreciation of road assets[24] - Management expenses surged by 78.18% to ¥18,081,121.40 from ¥10,147,403.07, attributed to increased toll revenue leading to higher industry management costs[27] - Financial expenses decreased by 47.25% to ¥22,079,929.51 from ¥41,857,146.77, mainly due to a reduction in interest-bearing debt and interest rates[27] - The total operating costs for Q1 2021 were ¥290,169,213.22, an increase from ¥244,067,570.38 in Q1 2020, indicating rising operational expenses[45] Future Outlook - The company expects significant growth in operating performance year-on-year due to the recovery of toll collection business[28] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[58] Other Financial Metrics - The company reported a net loss from non-operating income of CNY -20,230,898.45, primarily due to various non-recurring expenses[15] - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company maintained a strong capital reserve of CNY 1,721,492,674.94, unchanged from the previous period, ensuring financial stability[40]