Anhui Gourgen Traffic Construction Co.Ltd(603815) : the net profit in the first quarter of 2022 is expected to increase by 35% - 50% year-on-year

Anhui Gourgen Traffic Construction Co.Ltd(603815) ( Anhui Gourgen Traffic Construction Co.Ltd(603815) ) on March 29, the company issued the announcement of pre increase of performance in the first quarter of 2022. According to the preliminary calculation of the financial department, the operating revenue in the first quarter of 2022 is expected to be 856 million yuan to 954.77 million yuan, an increase of 30% to 45% year-on-year after retrospective adjustment of the data in the same period last year; The net profit attributable to the shareholders of the listed company is expected to reach 28.82 million yuan to 32.02 million yuan, with a year-on-year increase of 35% to 50% after retrospective adjustment of the data in the same period last year; It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will be 28.38 million yuan to 31.54 million yuan, an increase of 35% to 50% year-on-year after retrospective adjustment of the data in the same period last year.

Anhui Gourgen Traffic Construction Co.Ltd(603815) said that the main reasons for the expected increase of performance in this period include: first, benefiting from the implementation of the national infrastructure investment policy in moderate advance, the prosperity of the company's industry has improved, and the amount of new contract orders in 2021 was 8.155 billion yuan (excluding the amount of new M & A companies and PPP projects), which effectively guaranteed the sufficient construction projects and the steady growth of main business during the reporting period. As of the date of this announcement, the amount of new contract orders of the company in 2022 was 1.79 billion yuan, and the business situation continued to improve. Second, during the reporting period, the company's non-public fund-raising projects were steadily constructed and achieved better income and net profit.

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