QILU EXPRESSWAY Reports Fiscal Year Results: Net Profit and Total Comprehensive Income at 383 Million Yuan, Down 20.98% Year-on-Year

Stock News03-31

QILU EXPRESSWAY (01576) announced its annual results for the fiscal year. The group recorded revenue of 2.375 billion yuan, representing a decrease of 66.18% compared to the previous year. The profit for the year attributable to owners of the parent and total comprehensive income amounted to 383 million yuan, a decline of 20.98% year-on-year. Earnings per share were 0.18 yuan. The board proposed a final dividend of 0.120 yuan per share. According to the announcement, the decrease in revenue was primarily due to a decline in construction business revenue recognized following the completion of the expansion and upgrade project. Specifically, the group recognized revenue of 15.115 million yuan for the Jining-Heze Expressway expansion project under Hong Kong Financial Reporting Standard 15 – Revenue from Contracts with Customers.

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