[中报]粤高速Ｂ(200429):2024年半年度报告摘要（英文版）
Guangdong Provincial Expressway Development Co., Ltd. Summary of the 2024 Semi-Annual Report I. Important Notice The semi-annual report summary provided here is derived from the complete semi-annual report. For a comprehensive understanding of the company's operational results, financial status, and future development plans, investors should carefully read the full text of the semi-annual report on the media designated by the Securities Regulatory Commission. All directors have attended the board meeting to review this report. Non-standard Audit Opinion Notice □ Applicable□√ Not applicable The profit distribution plan or capital reserve conversion to share capital plan reviewed by the board of directors for the reporting period. □ Applicable□√ Not applicable The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital. The preferred share profit distribution plan for this reporting period approved by the board of directors. □ Applicable□√ Not applicable ⅡBasic Information of the Company 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
In Shares
The situation of shareholders holding more than 5% of the shares, the top 10 shareholders, and the top 10 holders of unrestricted tradable shares participating in the securities lending business through the securities lending and borrowing system. □ Applicable□√ Not applicable Changes in the top 10 shareholders and the top 10 holders of unrestricted tradable shares due to the lending/return of shares in the securities lending and borrowing system compared to the previous period. □ Applicable□√ Not applicable 4. V. 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. Table of the total number of preferred shareholders and the shareholding situation of the top 10 preferred shareholders. □Applicable √Not applicable The Company had no preferred shares in the reporting period 6. The situation of bonds outstanding on the approval and release date of the semi-annual report √ Applicable □ Not applicable (1) Basic Information of Bonds
(2) Main accounting data and financial indicators of the Company in recent two years by the end of the reporting period
Ⅲ Important Events After the deliberation and approval of the third extraordinary general meeting of shareholders Ltd. held by Guangdong Provincial Expressway Co., Ltd. in cash in 2020 (hereinafter referred to as the "Transaction"). The Company signed the "Profit Compensation Agreement between Guangdong Provincial Expressway Development Co., Ltd. and Guangdong Provincial Expressway Co., Ltd." (hereinafter referred to as the "Profit Compensation Agreement") with Provincial Company, and Provincial Company made a commitment to the net profit of Guanghui Company in 2020, 2021 and 2022 (hereinafter referred to as the "Performance Commitment Period"). After the deliberation and approval of the first extraordinary general meeting of shareholders in 2023, the Company signed the Supplementary Agreement to the Profit Compensation Agreement between Guangdong Provincial Expressway Development Co., Ltd. and Guangdong Provincial Expressway Co., Ltd. (hereinafter referred to as the "Supplementary Agreement") with Provincial Company, and the performance commitment period was adjusted to 2020, 2021 and 2023. According to the "Special Audit Report on the Realization of the Profit Forecast of Guangdong Guanghui Expressway Co., Ltd." (No. 310039(2024)Yongzheng Zhuanzi ) issued by Yongtuo Certified Public Accountants (LLP) on March 15, 2024, in 2020, 2021 and 2023, Guanghui Company had achieved a net profit of 2,951,041,600 yuan after deducting non-recurring gains and losses, and in the performance commitment period of 2020, 2021, and 2023, the promised cumulative net profit after deducting non-recurring gains and losses realized was 2,999,265,700 yuan. The cumulative actual profit was 48,224,100 yuan less than the cumulative amount promised, which had triggered the provisions of Article 2.3 of the Profit Compensation Agreement and Article 2.1 of the Supplementary Agreement, and the Provincial Company shall pay performance compensation to the Company. According to the formula for calculating the amount of performance commitment compensation agreed in the above agreement, the amount of performance commitment compensation payable by Provincial Company was RMB 40,092,886.12. As of July 2, 2024, the Company has received the above-mentioned performance commitment compensation paid by Provincial Company. According to the accounting standards, the material asset restructuring in 2020 was a business combination under the common control, and the amount of performance commitment compensation was offset by the difference between the initial investment cost and the cash paid at that time to adjust the capital reserve, and the relevant accounting treatment had been reflected in the 2023 annual report, and the performance compensation received this time increases the monetary funds of the current period and reduces other receivables by 40,092,886.12 yuan each, which will not affect the Company's current profit and total assets. The provincial expressway company’s performance commitment compensation obligation for the major asset restructuring project in 2020 has been fulfilled. 中财网
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