[中报]粤高速Ｂ(200429):2022年半年度报告（英文版）
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时间：2022年08月26日 22:02:30 中财网 |
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原标题:粤高速Ｂ:2022年半年度报告（英文版）
GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
TheSemi-AnnualReport2022
August2022
I.ImportantNotice,TableofContentsandDefinitions
TheBoardofDirectors,theSupervisoryCommitteeaswellasalldirectors,supervisorsandseniormanagementstaffofthe Companywarrantthatthis Reportis factual, accurateandcomplete withoutanyfalse record,misleadingstatementormaterialomission.Andtheyshallbejointlyandseverallyliableforthat.Mr.MiaoDeshan,Companyprincipal,Mr.WangChunhua,GeneralManager,Mr.LuMing,Chiefoftheaccountingwork,Ms.ZhouFang,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisSemi-annualreport.Allthedirectorshaveattendedthemeetingoftheboardmeetingatwhichthisreportwasexamined.TheCompanyhasnoplanofcashdividendscarriedout,bonusissuedandcapitalizingofcommonreserveseither.TableofContents
I.ImportantNotice,TableofcontentsandDefinitions
II.CompanyProfile&FinancialHighlights.
III.ManagementDiscussion&Analysis
IV.CorporateGovernance
V.Environmental&SocialResponsibility
VI.ImportantEvents
VII.ChangeofsharecapitalandshareholdingofPrincipalShareholdersVIII.SituationofthePreferredShares
IX.CorporateBond
X.FinancialReport
Documentsavailableforinspection
1.Accountingstatementscarriedwithpersonalsignaturesandsealsoflegalrepresentative,ChiefFinancialofficer
andFinancialPrincipal.
2.OriginalofAuditors’ReportcarriedwiththesealofCertifiedPublicAccountantsaswellaspersonalsignatures
ofcertifiedPublicaccountants.
Definition
| Termstobedefined | Refersto | Definition | | Reportingperiod | Refersto | January1,2022toJune30,2022 | | Reportingdate | Refersto | Thesemi-annualreportofthecompany
wasapprovedbytheboardofdirectors
of2022,thatis,August26,2022 | | YOY | Refersto | ComparedwithJanuary-June2021 | | TheCompany/ThisCompany | Refersto | GuangdongProvincialExpressway
DevelopmentCo.,Ltd. | | FokaiBranch | Refersto | GuangdongProvincialExpressway
DevelopmentCo.,Ltd.FokaiBranch | | GuangfoCompany | Refersto | GuangdongGuangfoExpresswayCo.,
Ltd. | | GuanghuiCompany | Refersto | GuangdongGuanghuiExpresswayCo.,
Ltd. |
II.CompanyProfile&FinancialHighlights.
1.CompanyProfile
| Stockabbreviation: | ExpresswayA,ExpresswayB | Stockcode： | 000429,200429 | | Stockexchangeforlisting | ShenzhenStockExchange | | | | NameinChinese | 广东省高速公路发展股份有限公司 | | | | AbbreviationofRegistered
Company(ifany) | 粤高速 | | | | Englishname(Ifany) | GuangdongProvincialExpresswayDevelopmentCo.Ltd | | | | Englishabbreviation(Ifany) | GPED | | | | LegalRepresentative | MiaoDeshan | | |
2.Contactpersonandcontactmanner
| | Boardsecretary | SecuritiesaffairsRepresentative | | Name | YangHanming | LiangJirong | | Contactaddress | 46/F,LitongPlaza,No.32,ZhujiangEast
Road,ZhujiangNewCity,Tianhe
District,Guangzhou | 45/F,LitongPlaza,No.32,ZhujiangEast
Road,ZhujiangNewCity,Tianhe
District,Guangzhou | | Tel | 020-29004619 | 020-29004523 | | Fax | 020-38787002 | 020-38787002 | | E-mail | [email protected] | [email protected] |
3.Other
1).Wayofcontact
Whetherregistrationsaddress,officesaddressandcodesaswellaswebsiteandemailoftheCompanychangedinreportingperiodornot
□Applicable√Notapplicable
Registrationsaddress,officesaddressandcodesaswellaswebsiteandemailoftheCompanyhasnochangeinreportingperiod,foundmoredetailsinannualreport2021.
2).Informationinquiry
Whetherinformationdisclosureandpreparationplacechangedinreportingperiodornot□Applicable√Notapplicable
Noneoftheofficialpresses,website,andplaceofenquiryhasbeenchangedinthesemireportperiod.FordetailspleasefindtheAnnualReport2021.
3).Otherrelevantinformation
Didanychangeoccurtootherrelevantinformationduringthereportingperiod?□Applicable√Notapplicable
4.SummaryofAccountingDataandFinancialIndicators
Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdata□Yes√No
| | Reportingperiod | Sameperiodoflastyear | YoY+/-（%） | | Operatingincome（yuan） | 2,057,420,809.68 | 2,488,474,669.81 | -17.32% | | Netprofitattributabletothe
shareholdersofthelisted
company（yuan） | 773,786,851.68 | 848,860,350.64 | -8.84% | | Netprofitafterdeductingof
non-recurringgain/loss
attributabletothe
shareholdersoflisted
company（yuan） | 743,090,095.19 | 842,743,158.64 | -11.82% | | Cashflowgeneratedby
businessoperation,net
（yuan） | 1,443,551,266.30 | 1,815,293,217.25 | -20.48% | | Basicearningper
share(yuan/Share) | 0.37 | 0.41 | -9.76% | | Dilutedgainsper
share(yuan/Share) | 0.37 | 0.41 | -9.76% | | Weightedaverage
income/assetratio（%） | 8.45% | 10.16% | -1.71% | | | Asattheendofthereporting
period | Asattheendoflastyear | YoY+/-（%） | | Grossassets（yuan） | 19,737,220,017.64 | 18,875,766,799.31 | 4.56% | | Shareholders’equity
attributabletoshareholdersof
thelistedcompany（yuan） | 8,549,301,415.60 | 8,982,437,985.17 | -4.82% |
5.Differencesbetweenaccountingdataunderdomesticandoverseasaccountingstandards1).SimultaneouslypursuanttobothChineseaccountingstandardsandinternationalaccountingstandardsdisclosed
inthefinancialreportsofdifferencesinnetincomeandnetassets.
□Applicable□√Notapplicable
None
2).DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderoverseasandChineseaccountingstandards.
□Applicable√Notapplicable
None
6.Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Items | Amount | Note | | Non-currentassetdisposal
gain/loss(includingthewrite-offpartfor
whichassetsimpairmentprovisionis
made) | 447,880.54 | | | Governmentsubsidiesrecognizedin
currentgainandloss(excludingthose
closelyrelatedtotheCompany’s
businessandgrantedunderthestate’s
policies) | 7,349,285.08 | | | Netamountofnon-operatingincomeand
expenseexcepttheaforesaiditems | 2,881,455.61 | | | Othernon-recurringGains/lossitems | 14,393,329.63 | | | Less:Influencedamountofincometax | -8,354,389.12 | | | Influencedamountofminor
shareholders’equity(aftertax) | 2,729,583.49 | | | Total | 30,696,756.49 | |
Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition□Applicable√Notapplicable
None
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 oninformationdisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.
□Applicable√Notapplicable
NoneofNon-recurringgain/lossitemsrecorgnizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.III.ManagementDiscussion&Analysis
Ⅰ.MainBusinesstheCompanyisEngagedinDuringtheReportPeriod
TheCompany'smainbusinessindevelopingandoperatingexpresswayandbigbridges.ItisoneofthemaininstitutionsofdevelopingexpresswayandbigbridgeinGuangdongExpresswaySystem.Theexpresswayindustryistheindustryhelpedbygovernment.
TheCompanyismainlyengagedintollingandmaintenanceofGuangfoExpressway,FokaiExpressway,JingzhuExpressway Guangzhu Section and Guanghui Expressway investment in technological industriesand provision of relevant consultation while investing in
ShenzhenHuiyanExpresswayCo.,Ltd., GuangdongJiangzhongExpresswayCo.,Ltd.,ZhaoqingYuezhaoExpresswayCo.,Ltd.,GanzhouKangdaExpressway,GanzhouGankangExpresswayCo.,Ltd.,GuangdongYuekeTechnologyPettyLoanCo.,Ltd.,GuangdongGuangleExpresswayCo.,Ltd.,GuoyuanSecuritiesCo.,Ltd.,HunanLianzhiTechnology Co.,Ltd., SPICYuetongQiyuan Chip PowerTechnologyCo.,Ltd.andCMSTNanjingIntelligentLogisticsTechnologyCo.,Ltd.
Asoftheendofthereportingperiod,thecompany’sshare-controlledexpresswayis306.78km,andtheshare-participationexpresswayis295.88km.
II.AnalysisOncoreCompetitiveness
The toll revenueofexpressway industry mainlydepends onthe regionaleconomic development. Theregionaleconomyisthecriticalfactorthatinfluencesthetrafficvolume.TheGuangfoexpresswayandtheFokaiexpressway,controlledbythecompany,arepartoftheNationalExpresswayNetworkPlanning-“Fiveverticalandseven horizontal”, Jingzhu Expressway Guangzhu Section is a fast and convenient expressway, Guanghui
Expresswayisanimportantsectionofthenationalkeyhighway-the15thHengshanweitoYunnanQingshuihehighway,Andmanyofthecompany’sequity-participationexpresswaysthatarepartofthemainskeletonoftheGuangdong Provincial Expressway Planning-“Ten vertical and five horizontal”, which provides a strong
guaranteeforstabletrafficvolume.Meanwhile,theregionaleconomyisthecriticalfactorthatinfluencesthetrafficvolume,asGuangdongprovinceistheeconomicallydevelopedregion,withyears’continuoushighgrowthofGDP,sothatprovidesthestablerisingdemandforthecompany.
III.Mainbusinessanalysis
Ⅰ.General
Whetherthesameasthemainbusinessdisclosureengagedinthecompanyduringthereportingperiod□Yes√No
| | Volumeofvehicletraffic
inthefirsthalfyearof
2022 | Tollincomein
thefirsthalfyear
of2022 | Tollincomeinthefirsthalfyear
of2022（Tenthousand） | Increase
/Decrease(%） | | GuangfoExpressway | 36,349,485 | -4.69% | 6,478.10 | -69.88% | | FokaiExpressway | 37,500,754 | -8.92% | 63,696.56 | -7.31% | | JingzhuExpressway
GuangzhuEastSection | 27,536,144 | -21.64% | 43,747.12 | -20.00% | | GuanghuiExpressway | 36,098,312 | -7.20% | 88,041.38 | -11.22% | | HuiyanExpressway | 21,272,389 | -17.25% | 9,689.71 | -16.91% | | YuezhaoExpressway | 16,371,410 | -11.35% | 22,496.53 | -14.39% | | Jiangzhong | 26,079,442 | -20.08% | 17,686.08 | -24.39% | | | Volumeofvehicletraffic
inthefirsthalfyearof
2022 | Tollincomein
thefirsthalfyear
of2022 | Tollincomeinthefirsthalfyear
of2022（Tenthousand） | Increase
/Decrease(%） | | Expressway | | | | | | GuangleExpressway | 18,846,126 | -4.96% | 154,513.17 | -5.50% | | KangdaExpressway | 590,955 | -20.49% | 13,786.32 | -8.14% | | GangkangExpressway | 1,917,372 | -21.25% | 9,019.62 | -8.89% |
Note：GuangfoExpresswaystoppedtollcollectionfrom00:00onMarch3,2022.Duringthereportingperiod,thetrafficflowfromJanuarytoAprildeclinedbyvaryingdegreesduetotheslowdownineconomicgrowth,theepidemicpreventionandcontrolmeasuresinShenzhen,DongguanandZhuhaiin GuangdongProvince,theextreme weatherandotherfactors.Thetraffic volumeofGuanghuiExpressway andJingzhu Expressway Guangzhu Section that are theCompany's holdings-are adjacenttoShenzhenandDongguandecreasedsignificantly.WiththeeffectivecontroltotheepidemicinMay,theDragonBoatFestivalholidayandthecollegeentranceexaminationandtheseniorhighschoolentranceexaminationended,thewillingnessofthemassesfortravelhasincreased,andthetrafficflowofvarioussectionshasshownatrendofrecovery.
Year-on-yearchangeofmainfinancialdata
InRMB
| | Thisreportperiod | Sameperiodlast
year | YOY
change
（%） | Causechange | | Operatingincome | 2,057,420,809.68 | 2,488,474,669.81 | -17.32% | GuangfoExpresswaystoppedtoll
collectionfrom00:00onMarch3,
2022,andthetollsdecreasedYOY;due
totheimpactoftheepidemic,the
trafficflowontheexpressway
decreasedYOY,andthetollsdecreased
YOY. | | Operatingcost | 696,143,722.50 | 889,127,742.43 | -21.70% | FokaiExpresswayhadadjustextended
thetollperiodsinceJunelastyear,and
inthefirsthalfof2022,the
depreciationofFokaiExpresswayhad
decreasedYOY;thedeclineintoll
revenuehadledtoadeclineinroad
depreciation. | | Administrative
expenses | 85,773,267.04 | 93,357,035.39 | -8.12% | | | Financialexpenses | 87,302,056.62 | 120,868,584.07 | -27.77% | ThedoubleimpactoftheYOYdecline
inborrowingsandthedeclinein
interestrates. | | Incometaxexpenses | 290,240,426.63 | 354,025,065.47 | -18.02% | | | R&DInvestment | 1,368,887.22 | | | Mainlyduetothelaborcostsandrelate
dexpensesofprojectdeveloperssucha
s"ResearchontheUnattendedSystem
ofExpresswaySmartTollStations","R
esearchandDevelopmentofKeyTech
nologiesforRemixedIn-
PlaceHeatRegenerationinExpresswa
yCoveredandOverpavedRoads",etc. | | Cashflowgeneratedby
businessoperation,net | 1,443,551,266.30 | 1,815,293,217.25 | -20.48% | Mainlyduetothedeclineintoll
revenue. | | Netcashflow
generatedby
investment | -274,972,125.19 | -158,820,398.94 | -73.13% | Disposeof100%equityofGuangdong
ExpresswayTechnologyInvestment | | | | | | Co.,Ltd.,thecashdividendsofthe
participatingcompanies
aredistributedearlierthanthesamepe
riodandthenewexternalequity
investmentinthisperiod. | | Netcashflow
generatedbyfinancing | -80,767,682.59 | -936,574,211.78 | 91.38% | Mainlyduetothepaymentofthe
remaining21%equitypurchase
paymentofGuangdongGuanghui
ExpresswayCo.,Ltd.inthesame
periodlastyear,buttherewasnoneof
thisinthisyear. | | Netincreasingofcash
andcashequivalents | 1,087,811,458.52 | 719,898,606.53 | 51.11% | Thecombinedeffectofoperating
activities,investmentactivities,and
financingactivities. |
MajorchangestotheprofitstructureorsourcesoftheCompanyinthereportingperiod□Applicable√Notapplicable
None.
ComponentofBusinessIncome
InRMB
| | Thisreportperiod | | Sameperiodlastyear | | Increase/decrease | | | Amount | Proportion | Amount | Proportion | | | Totaloperating
revenue | 2,057,420,809.68 | 100% | 2,488,474,669.81 | 100% | -17.32% | | Industry | | | | | | | Highway
transportations | 2,019,631,631.41 | 98.16% | 2,440,717,934.74 | 98.08% | -17.25% | | Other | 37,789,178.27 | 1.84% | 47,756,735.07 | 1.92% | -20.87% | | Product | | | | | | | Highway
transportations | 2,019,631,631.41 | 98.16% | 2,440,717,934.74 | 98.08% | -17.25% | | Other | 37,789,178.27 | 1.84% | 47,756,735.07 | 1.92% | -20.87% | | Area | | | | | | | Guangfo
Expressway | 64,781,007.00 | 3.15% | 215,068,229.34 | 8.64% | -69.88% | | FokaiExpressway | 636,965,610.55 | 30.96% | 687,165,042.12 | 27.61% | -7.31% | | Jingzhu
Expressway
GuangzhuSection | 437,471,193.16 | 21.26% | 546,816,777.61 | 21.98% | -20.00% | | Guanghui
Expressway | 880,413,820.70 | 42.79% | 991,667,885.67 | 39.85% | -11.22% | | Other | 37,789,178.27 | 1.84% | 47,756,735.07 | 1.92% | -20.87% |
SituationofIndustry,ProductandDistrictOccupyingtheCompany’sBusinessIncomeandOperatingProfitwithProfitover10%
√Applicable□Notapplicable
InRMB
| | Turnover | Operationcost | Gross
profit
rate(%) | Increase/decrea
seofrevenuein
thesameperiod
oftheprevious
year(%) | Increase/decrea
seofbusiness
costoverthe
sameperiodof
previousyear
(%) | Increase/decrea
seofgross
profitrateover
thesameperiod
oftheprevious
year(%) | | Industry | | | | | | | | Highway
transportations | 2,019,631,631.41 | 678,568,987.99 | 66.40% | -17.25% | -21.12% | 1.65% | | Product | | | | | | | | Highway
transportations | 2,019,631,631.41 | 678,568,987.99 | 66.40% | -17.25% | -21.12% | 1.65% | | Area | | | | | | | | Fokai
Expressway | 636,965,610.55 | 248,227,488.15 | 61.03% | -7.31% | -31.90% | 14.07% | | Jingzhu
Expressway
Guangzhu
Section | 437,471,193.16 | 144,124,522.57 | 67.06% | -20.00% | -1.95% | -6.06% | | Guanghui
Expressway | 880,413,820.70 | 269,464,772.31 | 69.39% | -11.22% | -11.66% | 0.15% |
Undercircumstancesofadjustmentinreportingperiodforstatisticscopeofmainbusinessdata,adjustedmainbusinessbasedonlatestonyear’sscopeofperiod-end.
□Applicable√Notapplicable
Anyover30%YoYMovementsinthedataaboveandwhy
√Applicable□Notapplicable
1.AccordingtotheinformalletterNo.24-[2022]YueTransportationOperation-"NoticeoftheDepartmentofTransportationofGuangdongProvinceonIssuesConcerningtheExpirationofTollCollectionofGuangfoExpressway"issuedbyGuangdongProvincialDepartmentofTransportation,GuangfoExpresswayshallstoptollcollectionfrom0:00onMarch3,2022.TheoperatingincomeofGuangfoCompanyhaddroppedby69.88%YOY.
2.ThetollperiodofFokaiExpresswayhasbeenextendedsinceJunelastyear.Inthefirsthalfof2022,thedepreciationofFokaiExpresswaydecreasedYOY.Meanwhile,thetollrevenuedeclinedandtheroadpropertydepreciationalsodecreased.Tosumup,theoperatingcostofFokaiBranchdecreasedby31.90%YOY.IV.Non-corebusinessanalysis
√Applicable□Notapplicable
InRMB
| | Amount | Ratiointotal
profit | Note | Whetherbesustainable | | Investment
Income | 162,384,354.53 | 12.01% | Itisduetotheoperation
accumulationofparticipant
companies | Exceptforthedisposalgains
obtainedfromthedisposalof
subsidiaries,otherswere
sustainable. | | Non-
operating
income | 5,821,631.65 | 0.43% | Mainlyinsuranceclaimsandroad
propertyclaims | Notsustainable | | Non-
operating
expenses | 2,955,659.39 | 0.22% | Mainlyroadpropertyrepairexpenses | Notsustainable | | Otherincome | 8,178,352.38 | 0.61% | Mainlyisamortizationand
cancellationofprovincialboundary
Tollstationsubsidies. | Sustainable |
V.ConditionofAssetandLiabilities
1.ConditionofAssetCausingSignificantChange
InRMB
| | EndofReportingperiod | | Endofsameperiodoflastyear | | Changein
percentage
(%) | Reasonfor
significant
change | | | Amount | Asapercentage
oftotal | Amount | Asa
percentageof | | | | | | assets(%) | | totalassets(%) | | | | Monetaryfund | 4,044,215,849.0
7 | 20.49% | 2,956,404,390.55 | 15.66% | 4.83% | | | Accounts
receivable | 125,230,522.84 | 0.63% | 159,053,399.87 | 0.84% | -0.21% | | | Contractassets | | | 5,286,462.45 | 0.03% | -0.03% | | | Inventories | | | 640,079.66 | 0.00% | 0.00% | | | Investmentreal
estate | 2,778,704.17 | 0.01% | 2,889,263.41 | 0.02% | -0.01% | | | Long-term
equity
investment | 2,820,130,077.4
0 | 14.29% | 2,627,130,681.24 | 13.92% | 0.37% | | | Fixedassets | 10,148,446,100.
45 | 51.42% | 10,639,272,192.02 | 56.36% | -4.94% | | | Constructionin
process | 475,554,879.75 | 2.41% | 351,130,455.06 | 1.86% | 0.55% | | | Userightassets | 8,937,861.63 | 0.05% | 14,100,325.01 | 0.07% | -0.02% | | | Shore-term
loans | 320,266,666.67 | 1.62% | | | 1.62% | | | Contract
liabilities | | | 22,000.00 | 0.00% | 0.00% | | | Long-term
borrowing | 4,534,385,100.0
0 | 22.97% | 4,572,621,200.00 | 24.22% | -1.25% | | | Leaseliabilities | 222,305.08 | 0.00% | 2,773,459.76 | 0.01% | -0.01% | |
2.Mainassetsoverseas
□Applicable√Notapplicable
3.AssetandLiabilitiesMeasuredbyFairValue
√Applicable□Notapplicable
InRMB
| Items | Openingamount | Gain/Lossonfair
valuechangein
thereporting
period | Cumulativefair
valuechange
recordedinto
equity | Impairment
provisionsin
thereporting
period | Purchased
amountinthe
reportingperiod | Sold
amountin
the
reporting
period | Other
chang
e | Closingamount | | Financialassets | | | | | | | | | | 1.Tradingfinancialassets(excludingderivative
financialassets | | | | | 91,000,000.00 | | | 91,000,000.00 | | 4.Otherequityinstrumentinvestment | 1,577,175,826.05 | | 208,999,143.47 | | | | | 1,524,908,322.00 | | Subtotaloffinancialassets | 1,577,175,826.05 | | 208,999,143.47 | | 91,000,000.00 | | | 1,615,908,322.00 | | Totaloftheabove | 1,577,175,826.05 | | 208,999,143.47 | | 91,000,000.00 | | | 1,615,908,322.00 | | Financialliabilities | 0.00 | | | | | | | 0.00 |
Otherchange
DidanysignificantchangeoccurtotheattributeoftheCompany’smainassetmeasurementduringthereportingperiod?
□Yes√No
3.Assetsrightrestrictiontillendofreportingperiod
ThebalanceofrestrictedbankdepositsattheendoftheperiodwasRMB1,221,200.00,whichwasthelandreclamationfunddepositedintothefundcustodyaccount
forthereconstructionandexpansionprojectofsanbaotoshuikousectionofFokaiExpressway.VI.Investmentsituation
1.General
√Applicable□Notapplicable
| CurrentInvestmentAmount(Yuan) | Sameperiodoflastyear(Yuan) | Changerate | | 250,000,000.00 | 0.00 | 0.00% |
2.ConditionofAcquiringSignificantShareRightInvestmentduringtheReportPeriod□Applicable√Notapplicable
3.SituationoftheSignificantNon-equityInvestmentUndergoingintheReportPeriod□Applicable√Notapplicable
4.InvestmentofFinancialAsset
（1）Securitiesinvestment
√Applicable□Notapplicable
InRMB
| Security
category | Securit
ycode | Stock
Abbreviati
on: | Initialinvestment
cost | Mode of
accounting
measureme
nt | Bookvalue
balanceatthe
beginningofthe
reportingperiod | Changes
in fair
value of
the this
period | Cumulativefair
valuechangesin
equity | Purch
ase
amou
ntin
the
this
period | Sale
amou
ntin
the
this
perio
d | Gain/lossofthe
reportingperiod | Bookvaluebalance
attheendofthe
reportingperiod | Accounti
ngitems | Sour
ces
of
fund
s | | Domesticand
foreignstocks | 601818 | Everbright
Bank | 517,560,876.80 | FVM | 781,046,414.08 | | 190,556,504.64 | | | 47,286,243.74 | 708,117,381.44 | Other
equity
instrumen
t
investme
nts | Self | | Total | 517,560,876.80 | -- | 781,046,414.08 | 0.00 | 190,556,504.64 | 0.00 | 0.00 | 47,286,243.74 | 708,117,381.44 | -- | -- | | | | DisclosureDateofAnnouncementon
SecuritiesInvestmentApprovedbythe
BoardofDirectors | July22,2009 | | | | | | | | | | | | | | DisclosureDateofAnnouncementon
SecuritiesInvestmentApprovedbythe
ShareholdersMeeting(Ifany) | August7,2009 | | | | | | | | | | | | |
（2）InvestmentinDerivatives
□Applicable√Notapplicable
TheCompanyhadnoinvestmentinderivativesinthereportingperiod.
5.Applicationoftheraisedcapital
□Applicable√Notapplicable
TheCompanyhadnoapplicationoftheraisedcapitalinthereportingperiod.VII.Salesofmajorassetsandequity
1.Salesofmajorassets
□Applicable√Notapplicable
TheCompanyhadnosalesofmajorassetsinthereportingperiod.
2.Salesofmajorequity
□Applicable√Notapplicable
VIII.AnalysisoftheMainShareHoldingCompaniesandShareParticipatingCompanies√Applicable□Notapplicable
SituationofMainSubsidiariesandtheJoint-stockCompanywithover10%netprofitinfluencingtotheCompanyInRMB
| Company
Name | Company
type | Leadingproductsandservices | Registered
capital | Totalassets | Netassets | OperatingIncome | Operatingprofit | NetProfit | | Jingzhu
Expresswa
y
Guangzhu
Section
Co.,Ltd. | Subsidiary | Theoperationandmanagementof
GuangzhuExpresswayandprovision
ofsupportingservicesincluding
fueling,salvageandsupplyofparts
andcomponents | RMB580
million | 2,193,057,129.55 | 850,830,359.39 | 452,938,785.68 | 259,757,572.13 | 193,087,643.23 | | Guangdong
Guanghui
Expresswa
yCo.,Ltd. | Sharing
company | Investment in and construction of
Guanghui Expressway Co., Ltd. and
supportingfacilities,thetollcollection
and maintenance management of
GuanghuiExpressway,TheGuanghui
Expressway's supporting gas station,
salvation,vehiclemaintenance,vehicle
transport, catering, warehousing
investmentanddevelopment | RMB2.352
billion | 4,679,611,380.04 | 4,138,588,813.90 | 893,298,497.64 | 625,554,983.27 | 469,177,363.59 |
Subsidiariesobtainedordisposedinthereportingperiod
√Applicable□Notapplicable
| Companyname | Way of acquiring and disposing of
subsidiary corporations within the
reportingperiod | Impactonthewholeproducingoperation
andperformance | | GuangdongExpresswayTechnology
InvestmentCo.,Ltd. | Sales | Thistransactiondoesnothavea
significantimpactontheoverall
productionandoperationofthe
company,andincreasesthecompany's
currentnetprofitby24.89millionyuan. |
ParticularsabouttheMutualholdingcompanies
1.AccordingtotheinformalletterNo.24-[2022]YueTransportationOperation-"NoticeoftheDepartmentofTransportationofGuangdongProvinceonIssuesConcerningtheExpirationofTollCollectionofGuangfoExpressway"issuedbyGuangdongProvincialDepartmentofTransportation,GuangfoExpresswayshallstoptollcollectionfrom0:00onMarch3,2022.Retaintheexistingtollfacilitiesandoperateasusualinazero-ratemanner,exemptvehicletollsforallvehiclespassingthisroadsection,andcollectvehicletollsonbehalfforother
roadsections.Afterthetollcollectionisstopped,GuangfoExpresswayCo.,LtdshallcontinuetoberesponsibleforthemanagementandmaintenanceofGuangfoExpressway.
IX．StructuredvehiclecontrolledbytheCompany
□Applicable√Notapplicable
X.RisksfacingtheCompanyandcountermeasures
Thecompany’sprofitsmainlycomefromtheexpresswaytollsrevenueandthetollchargingstandardsshallbeexaminedbythetrafficauthorityoftheprovincial,autonomousregionandthedirect-controlledmunicipalitypeople’s governments together with the same-level pricing authority and then submitted to the same-level
people’sgovernmentforapproval.Therefore,thechargingpriceadjustmenttrendandthepossibilityofthechargingpriceadjustmentuponrisingofthecommoditypriceandthecompanycostinthefuturearestillsubjecttorelevantnationalpoliciesandtheapprovalofthegovernmentaldepartment.Andthecompanycan’tadjustthechargingstandardspromptlybasedonitsownoperationcostorthemarketsupply-demandchanges.Inconclusion,thechargingpolicieschangeandthechargingstandardsadjustmenthavetheinfluenceontheexpresswaybusinessofthecompanytosomeextent.
IV.CorporateGovernance
I.AnnualGeneralMeetingandProvisionalShareholders’MeetingsintheReportingPeriod1.AnnualGeneralMeeting
| Meeting | Type | Investor
participation
ratio | Convened
date | Disclosure
date | Indextodisclosedinformation | | 2021
Shareholders’
general
meeting | Annual
Sharehold
ers’
General
Meeting | 66.50% | May
17,2022 | May18,2022 | 1.The meeting examined and adopted the
ProposalConcerningFinalAccountingReportfor
2021.2.Themeetingexaminedandadoptedthe
Proposal Concerning Preplan for Profit
Distributionfor2021.3.Themeetingexamined
and adopted the Proposal Concerning Overall
budget report of the Company for 2022.4.The
meetingexaminedandadoptedtheWorkReport
oftheBoardofDirectorsfor2021.5.Themeeting
examinedandadoptedtheWorkReportofthe
supervisoryCommitteefor2021.6.Themeeting
examinedandadoptedAnnualReportfor2021
anditssummary.7.Themeetingexaminedand
adoptedtheProposalforHiringthe2022Annual
Financial ReportAuditAgency.8.The meeting
examinedandadoptedtheProposalforHiringthe
2022 Internal Control Audit Institution.9.The
meeting examined and adopted the Proposal
regarding the election of Mr. Kuang Yu
asdirectoroftheninthboardofdirectorsoftheC
ompany.10.Themeeting examined and adopted
theProposalregardingtheelectionofMs.Wang
Xiaobing as Supervisor of the ninth board of
supervisorsoftheCompany. |
2. Preferred shareholders with the restoration of voting rights made a request for the Special Meeting of
Shareholders
□Applicable√Notapplicable
II.Changeinsharesheldbydirectors,supervisorsandseniorexecutives√Applicable□Notapplicable
| Name | Positions | Types | Date | Reason | | HuangHai | Director | Left | February24,2022 | Jobchange | | ZhengRenfa | Chairman | Left | April26,2022 | Jobchange | | ChengRui | DeputyGeneral | Dismiss | June17,2022 | Jobchange | | KuangYu | Director | Elected | May17,2022 | Electedbythe
shareholders'general
meeting | | WangXiaobing | Supervisor | Elected | May17,2022 | Electedbythe
shareholders'general
meeting |
III.Pre-planforprofitallocationandturningcapitalreserveintosharecapitalforthereportingperiod□Applicable√Notapplicable（未完）
|
|
