[中报]粤高速Ｂ(200429):2023年半年度报告摘要（英文版）
Summary of 2023Semi-Annual Report of Guangdong Provincial Expressway Development Co., Ltd. 1 Important notes The summary is abstract from full-text of semi-annual report, for more details information , investors should found in the full-text of annual report that published on website of Shenzhen Stock Exchange and other website appointed by CSRC. All the directors have attended the meeting of the board meeting at which this report was examined Non-standard audit advice □ Applicable √ Not applicable The Board of Directors considered the plan for the distribution of ordinary shares in the reporting period or the plan for the transfer of capital reserve. □ Applicable √ Not applicable The company plans not to send cash dividends, do not send bonus shares, not to increase the share capital. The Board of Directors decided to adopt the Preplan Preference Share Profit Distribution Plan for the reporting period □ Applicable √ Not applicable II Company basic information 1. Company Profile
2.Summary of Accounting Data and Financial Indicators Whether it has retroactive adjustment or re-statement on previous accounting data √Yes □ No Retroactive adjustment or restatement of causes Accounting policy change
16Interpretation of Accounting Standards for Business Enterprises (No. 31[2022]Cai Hui).According to the relevant requirements of the No. 16 Interpretation of Accounting Standards for Business Enterprises, the Company shall make corresponding adjustments to the relevant accounting policies originally adopted. Adopted by the resolution of the seventh meeting of the 10th session of the Board of Directors of the Company on March 20, 2023, the Company implements the relevant provisions of the No. 16 Interpretation of Accounting Standards for Business Enterprises from January 1, 2023. 3.Number of shareholders and shareholding In share
4. Change of the controlling shareholder or the actual controller Change of the controlling shareholder in the reporting period □ Applicable √ Not Applicable There was no any change of the controlling shareholder of the Company in the reporting period. Change of the actual controller in the reporting period □ Applicable √ Not applicable There was no any change of the actual controller of the Company in the reporting period. 5.The total number of shareholders of the Company's preferred shares and the shareholdings of the top 10 preferred shareholders The Company did not have any preferred shareholding in the report period. 6、Bonds existing on the approval date of semi annual report √Applicable □ Not applicable
2、Financial indicators as of the end of the reporting period
In 2020, the Company acquired the 21% stake of Guangdong Guanghui Expressway Co., Ltd. held by Guangdong Provincial Freeway Co., Ltd. in cash. The Company signed the "Profit Compensation Agreement between Guangdong Provincial Expressway Development Co., Ltd. and Guangdong Provincial Freeway Co.,Ltd." (hereinafter referred to as the "Profit Compensation Agreement") with the Guangdong Provincial Freeway Co.,Ltd.and Guangdong Expressway, which made commitment on the future profitability of Guanghui Company. In view of the fact that during the performance compensation period, due to the impact of domestic macroeconomic fluctuations, the net profit realized by Guanghui Company after deducting non-recurring profits and losses during the performance compensation period did not reach the cumulative forecast net profit, which triggered the compensation obligation stipulated in the Profit Compensation Agreement. In order to safeguard the long-term interests of the Company and its shareholders, especially small and medium-sized shareholders, taking into account the relevant arrangements of the two parties under the original agreement, and in accordance with the relevant requirements of the Administrative Measures for the Restructuring of Major Assets of Listed Companies and the consultation between the parties to the original agreement, the "Proposal on Changing the Performance Commitment of Major Asset Restructuring Project in 2020 and Sinning the Supplementary Agreement to the Profit Compensation Agreement " was deliberated and adopted in the 10thmeeting (interim) of the 10th Board of Directors of the Company , agreeing to change the performance commitment of major asset restructuring project in 2020 and sign the Supplementary Agreement to the Profit Compensation Agreement with the Provincial Expressway. The performance compensation period for this restructuring had been adjusted to 2020, 2021, and 2023. The Provincial Expressway promised that the net profit accumulated by Guanghui Expressway after deducting non-recurring profits and losses in the three years of 2020, 2021 and 2023 shall not be less than 2,999,265,700 yuan. [The "Proposal on Changing the Performance Commitment of Major Asset Restructuring Project in 2020 and Sinning the Supplementary Agreement to the Profit Compensation Agreement " was deliberated and passed in the Company's first extraordinary general meeting of shareholders in 2023]. For details of the matter, please refer to the "Announcement on Changing the Performance Commitment of Major Asset Restructuring Project in 2020" disclosed on Cninfo Information Network (www.cninfo.com.cn)(Announcement No.: 2023-18) on August 8, 2023, and the "Announcement of Resolution of the First Provisional General Meeting of Shareholders in 2023" disclosed on August 24, 2023. 中财网
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