1 上交所 601107 联交所 00107 股份代码： 目錄CONTENTS | 關於本報告 | 02 | | --- | --- | | 董事長致辭 | 04 | | 關於成渝公司 | 06 | | 可持續發展戰略 | 09 | | 利益相關方溝通 | 10 | | 實質性議題分析 | 12 | | 績效與附錄 | 46 | | --- | --- | | 關鍵量化績效表 | 46 | | 索引表 | 51 | 環境 | 應對氣候變化 | 16 | | --- | --- | | 環境影響管理 | 18 | | 能源與資源管理 | 21 | | 生態系統和生物多樣性保護 | 22 | | 迴圈經濟 | 23 | 社會 | 職業健康與安全 | 26 | | --- | --- | | 科技創新 | 28 | | 產品及服務品質保障 | 29 | | 人才吸引、培養及賦能 | 30 | | 員工權益保障 | 32 | | 社區關係及公益慈善 | 34 | 治理 | 公司治理 | 38 | | --- | --- | | 合規運營及管理 | 39 | | 潔從業 | 43 | | 資訊安全與客戶隱私保護 | 4 ...

Financial Performance - The company reported a revenue of RMB 1.2 billion for the fiscal year, representing a year-over-year increase of 15%[12]. - The company achieved a net revenue of approximately RMB 10,247.4 million in 2024, a year-on-year decrease of about 11.51%[46]. - The company's net profit attributable to owners for 2024 is approximately RMB 1,449,447 thousand, representing a year-on-year increase of about 21.72%[25]. - Basic earnings per share for 2024 are estimated at RMB 0.474, compared to RMB 0.389 in 2023[25]. - The total revenue for the year ended December 31, 2024, was RMB 10,247.4 million, a decrease of 11.5% from RMB 11,580.9 million in 2023[66]. - The net income attributable to the company's owners for 2024 was RMB 1,449.4 million, representing an increase of 21.7% compared to RMB 1,190.8 million in 2023[66]. Market Expansion and Strategy - The company is expanding its market presence by entering three new provinces, aiming for a 10% market share in these regions within two years[8]. - A strategic acquisition of a local competitor was completed, expected to enhance operational efficiency and increase market share by 5%[7]. - New product launches are expected to contribute an additional RMB 300 million in revenue, with a focus on innovative technology solutions[9]. - The company plans to implement a new customer loyalty program, projected to increase repeat purchases by 15%[5]. - The company aims to enhance core competitiveness and focus on project investment and service assurance to drive high-quality development[41]. Investment and Development - Research and development investment increased by 30% to RMB 150 million, focusing on sustainable technologies[6]. - The company has completed public waterway investment of RMB 268 billion in 2024, contributing to a historical investment milestone of over RMB 1 trillion since the 14th Five-Year Plan[28]. - The company has a strategic focus on green energy investments and comprehensive resource development along expressway corridors[17]. - The company aims to optimize the structure of the green energy industry and enhance operational quality, including the development of distributed solar storage projects and hydrogen refueling stations[104]. Operational Efficiency - The company aims to reduce operational costs by 10% through process optimization and technology integration[3]. - The company is committed to enhancing operational efficiency through the restructuring of its management divisions[22]. - Operating expenses decreased by 16.78% to RMB 7,800,424 thousand, with significant reductions in construction costs and maintenance expenses[72]. Shareholder Returns and Dividends - The board approved a dividend of RMB 0.50 per share, reflecting a commitment to returning value to shareholders[4]. - The board has proposed a final cash dividend of RMB 0.29 per share for 2024, totaling approximately RMB 886,837 thousand, which accounts for 65.13% of the distributable profits[25]. - Cash dividends will be distributed annually, with a minimum of 30% of distributable profits allocated for cash dividends when conditions are met[128]. Governance and Compliance - The company has established a comprehensive corporate governance structure, including a board of directors and various committees, to enhance governance practices and shareholder value[111]. - The company has implemented a brand strategy to expand its brand influence and strengthen internal cultural values[114]. - The company has established a Compliance Committee and appointed a Chief Compliance Officer to enhance compliance management and internal control systems[117]. - The company emphasizes equal treatment of all shareholders, ensuring that minority shareholders can fully exercise their rights and participate in decision-making[121]. Risk Management - The company faces various risks, including policy, market, financial, and management risks, and has established a systematic risk management mechanism to address these[199]. - The company has conducted a self-assessment of its risk management and internal control effectiveness, with a standard unqualified audit report from an external auditor[118]. - The company is committed to continuous improvement of its risk management and internal control systems to ensure effective governance and operational efficiency[118]. Economic Environment - The total domestic GDP for 2024 is RMB 134.91 trillion, with a growth rate of 5% compared to the previous year[26]. - The overall economic environment in 2024 showed a GDP growth of 5.0%, contributing to a 0.74% increase in toll revenue for the group[55].

承董事會命 四川成渝高速公路股份有限公司 姚建成 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 董事會會議召開日期 四 川 成 渝 高 速 公 路 股 份 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」） 謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 四 月 二 十 九 日（星 期 二）舉 行 董 事 會 會 議，藉 以（其 中 包 括）審 議 及 批 准 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 三 月 三 十 一 日 止 三 個 月 的 未 經 審 計 第 一 季 度 業 績 及 其 刊 發。 執行董事兼聯席公司秘書 中華人民共和國 • 四川省 • 成都市 二零二五年四月十五日 於 本 公 告 之 日，董 事 會 成 員 包 括：執 行 董 事 羅 祖 義 先 生（董 事 長）、游 志 明 先 生（副 董 事 長）、馬 永 菡 女 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任 何 損 失 承 擔 任 何 責 任。 一. 監 事 及 監 事 會 主 席 辭 任；及 二. 推舉監事代行監事會主席職責 羅 先 生 在 擔 任 監 事 及 監 事 會 主 席 期 間，恪 盡 職 守、勤 勉 盡 責，以 其 專 業 知識和豐富的工作經驗，為本公司的合規運營和監督工作做出了重要貢獻。 董事會及監事會謹此向羅先生於其任職期間對本公司的發展所作出的 寶 貴 貢 獻 表 示 衷 心 的 感 謝！ 推舉監事代行監事會主席職責 鑒 於 新 任 監 事 會 主 席 的 選 舉 尚 需 經 過 相 應 的 法 定 程 序，根 據 相 關 法 律 法 規 及 本 公 司《公 司 章 程》相 關 規 定，本 公 司 半 數 以 上 的 監 事 共 同 推 舉 監 事 李 桃 女 士 代 為 履 行 監 事 會 主 席 職 務，自 二 零 二 五 年 四 月 十 四 日 起 至 ...

Group 1 - Sichuan Chengyu Expressway Company Limited is the only A+H share listed infrastructure company in Western China, established in 1997, and serves as the only highway industry platform for Shudao Group [2] - The company primarily engages in the investment, construction, and operation of provincial expressway projects, green energy investments, and comprehensive resource development along the routes, managing 18 subsidiaries [2] - The total mileage of operational expressways has exceeded 900 kilometers, including major routes centered around provincial capitals, with high-quality construction recognized by multiple national awards [2] Group 2 - The company has accelerated the construction of the first large-scale "four-to-eight" expansion project in Sichuan, with significant progress on various segments [2] - To ensure sustainable high-quality development, the company is developing a road-related economic platform through exclusive establishment, joint ventures, and direct acquisitions in areas like fuel sales and service area operations [2] - As of the first half of 2024, the company's total assets reached 60.161 billion yuan, and net assets were 16.624 billion yuan, representing a 23-fold and 11-fold increase since its establishment, respectively [2] Group 3 - The company has been recognized for its asset quality and profit metrics, consistently ranking high among over 170 listed companies in the province and maintaining an AAA credit rating in the capital market for five consecutive years [2] - It has received numerous accolades, including being listed in Fortune's China 500 and various provincial rankings, along with over 50 national and provincial awards for excellence [2]

Core Viewpoint - The article discusses the acquisition of Sichuan Chengyu Highway Co., Ltd. by Shudao Investment Group, highlighting the completion of the asset transfer and the ongoing compliance with regulatory requirements for the acquisition process [1][4][24]. Group 1: Acquisition Overview - On April 2, 2021, Sichuan Transportation Investment Group and Sichuan Railway Industry Investment Group signed a merger agreement, leading to the establishment of Shudao Group [1]. - Shudao Group holds a total of 1,096,769,662 shares in Sichuan Chengyu, representing a 35.86% ownership stake [1]. Group 2: Regulatory Compliance - Shudao Group received a written approval from the Hong Kong Securities and Futures Commission on May 27, 2021, exempting it from making a mandatory offer [2]. - Sichuan Chengyu has published multiple announcements regarding the strategic restructuring and acquisition process on the Shanghai Stock Exchange [2][3]. Group 3: Financial Advisor's Opinion - The financial advisor confirmed that the asset transfer procedures have been completed and that both the acquirer and the listed company have fulfilled their disclosure obligations [5][24]. Group 4: Commitments and Future Plans - Shudao Group has made commitments to avoid related party transactions and maintain the independence of Sichuan Chengyu [6]. - There are currently no plans to change the main business operations of Sichuan Chengyu, and any future adjustments will comply with legal requirements [9][11]. Group 5: Corporate Governance - Sichuan Chengyu has established a sound corporate governance structure and internal control system, complying with the regulations set by the China Securities Regulatory Commission [24].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 茲 載 列 四 川 成 渝 高 速 公 路 股 份 有 限 公 司（「本公司」）在 上 海 證 券 交 易 所 網 站 發 佈 的《中 國 國 際 金 融 股 份 有 限 公 司 關 於 蜀 道 投 資 集 團 有 限 責 任 公 司 豁免要約收購四川成渝高速公路股份有限公司的持續督導意見》，僅供參閱。 承董事會命 四川成渝高速公路股份有限公司 姚建成 執行董事兼聯席公司秘書 中華人民共和國 • 四川省 • 成都市 二零二五年四月十一日 於 本 公 告 之 日，董 事 會 成 員 包 括：執 行 董 事 羅 祖 義 先 生（董 事 長）、游 志 明 先 生（副 董 事 長）、馬 永 菡 女 士、姚 建 成 先 生 及 毛 渝 茸 女 士，非 執 行 董 事 楊 少 軍 先 生（副 董 事 長）、李 成 勇 先 生 及 陳 朝 雄 先 生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 於 本 公 告 之 日，董 事 會 成 員 包 括：執 行 董 事 羅 祖 義 先 生（董 事 長）、游 志 明 先 生（副 董 事 長）、馬 永 菡 女 士、姚 建 成 先 生 及 毛 渝 茸 女 士，非 執 行 董 事 楊 少 軍 先 生（副 董 事 長）、李 成 勇 先 生 及 陳 朝 雄 先 生，獨 立 非 執 行 董 事 余 海 宗 先 生、步 丹 璐 女 士、周 華 先 生 及 姜 濤 先 生。 * 僅供識別 | 证券代码：601107 | 证券简称：四川成渝 | 公告编号：2025-018 | | --- | --- | --- | | 债券代码：241012.SH | 债券简称：24成渝01 | | | 债券代码：102485587 | ...

Group 1 - The core viewpoint of the news is that Sichuan Chengyu is implementing various measures to optimize costs and increase profits in 2024, with significant growth in traffic and toll revenue due to the completion of the Chengle Expressway expansion [1] - The company is focusing on cost control and financial optimization to reduce losses in the Suiguang-Suixi project, while still achieving profitability in the Rongcheng Second Ring Road despite macroeconomic challenges [1] - The company is benefiting from the growth of the new energy vehicle market and internal management improvements, leading to a turnaround in profitability for Shudao New Energy [1] - The profits of Zhonglu Energy and Chengya Oil Company have improved due to increased oil sales and refined management practices [1] - The company plans to focus on its core business, enhance maintenance management, and expand comprehensive energy development and service-oriented businesses, while maintaining a high dividend payout ratio and steadily advancing asset injections [1] Group 2 - Beijing Hanhe Capital Management Co., Ltd. is a member of the China Securities Investment Fund Industry Association, established in January 2013, and obtained a private investment fund management license in June 2014 [2] - Hanhe Capital adheres to a long-term value investment philosophy, emphasizing that without a long-term perspective, there can be no victory [2] - The company aims to build an investment philosophy based on long-term thinking, achieving long-term win-win outcomes with excellent enterprises [2] - Hanhe Capital's value proposition includes ultra-long-term, exquisite, and sustainable principles, ensuring alignment of interests between the management and investors by not charging fixed management fees [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲 載 列 四 川 成 渝 高 速 公 路 股 份 有 限 公 司（「本公司」）在 上 海 證 券 交 易 所 網 站 發 佈 的《四 川 成 渝 高 速 公 路 股 份 有 限 公 司 投 資 者 關 係 活 動 記 錄 表》，僅 供 參 閱。 承董事會命 四川成渝高速公路股份有限公司 姚建成 執行董事兼聯席公司秘書 中華人民共和國 • 四川省 • 成都市 二零二五年四月二日 於 本 公 告 之 日，董 事 會 成 員 包 括：執 行 董 事 羅 祖 義 先 生（董 事 長）、游 志 明 先 生（副 董 事 長）、馬 永 菡 女 士、姚 建 成 先 生 及 毛 渝 茸 女 士，非 執 行 董 事 楊 少 軍 先 生（副 董 事 長）、李 成 勇 先 ...