Jiangsu Ning—Shanghai Expressway (00177) disclosed the preliminary announcement of the 2023 annual results. The group achieved operating revenue of 15.192 billion yuan (RMB, same below) during the reporting period, an increase of 14.61% over the previous year. Net profit attributable to shareholders of listed companies was 4.413 billion yuan, an increase of 18.51% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 4.175 billion yuan, an increase of 21.93% over the previous year. Earnings per share were $0.8760. The proposed cash dividend is $0.47 per share (tax included).
During the reporting period, the group achieved toll revenue of about 9.511 billion yuan, an increase of about 29.88% over the previous year. Toll revenue accounted for about 62.61% of the Group's total revenue. Among them, the average daily toll revenue of the Shanghai-Nanjing Expressway was about 14.3861 million yuan, an increase of about 22.66% over the previous year. In addition, the Group's supporting services business achieved revenue of approximately RMB 1,844 billion, an increase of 64.05% over the same period last year.