Shandong Hi-Speed Company Limited(600350) 4 announced the results of the first quarter of 2022 on the evening of April 27. During the reporting period, the company realized an operating income of 3.557 billion yuan and a net profit attributable to the parent of 718 million yuan, with a year-on-year increase of 4.73% and 5.36% respectively, and an earnings per share of 0.129 yuan.
In the first quarter of 2022, Shandong Hi-Speed Company Limited(600350) scientifically coordinated the epidemic prevention and control, production and operation, overcome various difficulties, operated smoothly and orderly, and basically achieved the goal of “a good start and a stable opening in the first quarter”.
In terms of road and bridge operation, the company overcame the impact of the epidemic and deeply implemented the road length system, all-weather traffic, bridge and tunnel safety management and digital improvement. The toll revenue showed a good momentum from January to February. Although affected by the epidemic in Shandong Province in March, the expected goal was achieved on the whole. In the first quarter, the toll revenue (including tax) was 1.935 billion yuan (excluding Qilu Expressway), The average daily toll income (including tax) was 214968 million yuan (excluding Qilu Expressway), a year-on-year increase of 2.98%. Among them, the relevant sections of Beijing Taiwan Expressway increased the most, realizing a toll income of 374 million yuan, with a year-on-year increase of 51.99%, mainly due to the reconstruction and expansion of deqi section of Beijing Taiwan Expressway on July 16, 2021 and the temporary resumption of two-way traffic in the reconstruction and expansion project of Ji Tai section of Beijing Taiwan Expressway from November 18, 2021 to February 10, 2022. In addition, during the reporting period, Qilu Expressway Co., Ltd. achieved a revenue of 377 million yuan and a profit of 172 million yuan.
During the reporting period, the construction of Shandong Hi-Speed Company Limited(600350) project was carried out in an orderly and smooth manner. In the first quarter, the company coordinated the work of “anti epidemic situation” and “stable construction”, actively carried out the labor competition activity of “100 day hard work in spring”, and the Jitai project quickly resumed work and production, completing the quarterly construction task 10 days in advance; At the same time, the company made every effort to promote the implementation of Qiji project and the completion acceptance of Jiqing. The reconstruction and expansion project of Jiqing was successfully named as the national “safety project of highway and water transportation project construction project in 2019”.
It is worth noting that the company made steady progress in its investment and operation in the first quarter, focused on improving the efficiency of project decision-making and the conversion rate of reserve projects, increased pressure and speed in the main business investment, financial investment and fund projects, achieved an investment income of 239 million yuan, a year-on-year increase of 23.60%, and achieved the expected goal. Among them, the long-term equity investment income calculated by the equity method is 138 million yuan, the investment income of trading financial assets during the holding period is 06 million yuan, and the interest income of bond investment during the holding period is 94 million yuan.
In addition, rail transit has also played a positive role in supporting the company’s net profit. In the first quarter, rail transit achieved an operating revenue of 846 million yuan and a net profit of 104 million yuan, a year-on-year increase of 28.91%. Specifically, the railway transportation revenue reached 525 million yuan, basically the same as the same period last year, and the net profit was 78 million yuan, a year-on-year increase of 77.83%; The product manufacturing sector achieved a cumulative revenue of 255 million yuan, a year-on-year increase of 51.97%, and a net profit of 39 million yuan; The cumulative revenue of economic, trade, logistics and other sectors was 65 million yuan.
Shandong Hi-Speed Company Limited(600350) said that the company will continue to focus on the construction of all-weather traffic, road length system and standardized system, ensure revenue and increase toll revenue, seize the opportunity of the country and Shandong Province to vigorously promote the construction of transportation infrastructure, constantly create new profit growth points, ensure the completion of annual production and operation tasks, realize the high-quality development of the company and bring long-term and stable returns to shareholders.
