四川成渝高速公路股份有限公司 独立董事 2023 年度述职报告 作为四川成渝高速公路股份有限公司（以下简称"本公司" 或"公司"）的独立董事，现就 2023 年度履行职责情况报告如 下： 一、独立董事的基本情况 （一）个人履历及兼职情况 张清华，48 岁，毕业于西南交通大学，桥梁与隧道工程博 士学位，桥梁工程教授。1998 年 7 月至 2000 年 8 月，任中铁四 局集团有限公司助理工程师，项目总工；2006 年 5 月至今，历 任西南交通大学讲师、副教授、教授；2022 年 8 月至 2022 年 11 月，任本公司第七届董事会独立董事，2022 年 11 月至今，任本 公司第八届董事会独立董事，2023 年 10 月至今，任西南交通大 学基建规划与校园管理处处长。于 2024 年 1 月 4 日，张清华先 生申请辞任本公司独立非执行董事、薪酬与考核委员会主任委员、 战略委员会委员以及审计委员会委员之职务，张清华先生之辞任 将在本公司选举产生新任独立非执行董事委任生效之后正式生 效。 （二）独立性情况 经过独立性自查，独立董事具备独立性，不存在影响其独立 性的情况。 二、独立董事年度履职概况 （一）出席 ...

四川成渝高速公路股份有限公司 独立董事 2023 年度述职报告 一、独立董事的基本情况 积极参加股东大会、董事会并认真审议会议议题。2023 年 度公司共召开了 4 次股东大会，9 次董事会会议。积极参加审计 委员会、薪酬与考核委员会共计 7 次，其中审计委员会 6 次，主 要审议公司定报相关事宜的议案，并表述同意；薪酬与考核委员 会 1 次，主要审议关于周华先生薪酬建议的议案，并表示同意。 在会议召开前，公司提前通知并提供相关的资料，我认真了 解公司生产经营情况，仔细阅读有关资料，并与相关人员沟通。 在会上认真听取并审议每一个议题，积极参与讨论并提出合理的 建议，为公司董事会做出科学决策起到了积极作用。本公司在 2023 年度召开的股东大会、董事会等会议符合法定程序，重大 经营决策事项和其它重大事项均履行了相关程序，合法有效。 2023 年度，我对公司董事会各项议案及公司其它事项没有提出 异议的情况，未发生反对或弃权表决情况。 （一）个人履历及兼职情况 步丹璐，45 岁，毕业于西南财经大学，博士学位，教授， 博士生导师，注册会计师，注册税务师。2016 年 12 月至 2023 年 2 月，任北方化学工业股 ...

Core Viewpoint - Sichuan Chengyu Expressway (00107) has seen a significant increase of over 5%, currently trading at 2.75 HKD with a transaction volume of 5.91 million HKD, indicating strong market interest in the stock [1] Industry Summary - CITIC Securities suggests that the highway sector may offer better allocation value compared to cyclical high dividend yield stocks due to its more stable cash flow and lower valuation [1] - In a low interest rate environment, proactive dividend policies are expected to serve as a tool for state-owned enterprises' market value management, potentially becoming a key performance indicator for "Zhong Te Gu" [1] - The highway sector is characterized by strong stability due to its volume-price cash flow features, and expansion through reconstruction and extension of toll collection periods enhances growth potential, making it a rare asset in a low interest rate context [1] - The firm believes that the concept of user payment is likely to become deeply ingrained in China, similar to mature markets like the U.S., while the annual revenue gap for Chinese highways is approximately 400 billion, suggesting that toll rates are expected to rise steadily in the future [1] - Reviewing the valuation expansion of leading highway companies, increasing dividend rates and EPS growth are seen as critical factors [1]

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。 (股份編號：00107) 2023年第三季度報告 本 公 告 乃 由 四 川 成 渝 高 速 公 路 股 份 有 限 公 司（「本公司」或「公 司」）根 據 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則 第13.09條及香港法例 第571章《證 券 及 期 貨 條 例》第XIVA部 作 出。 本公司的2023年 第 三 季 度 財 務 資 料 未 經 審 核，乃 根 據 中 國 企 業 會 計 準 則 編 製。 一. 重要提示 • 公 司 董 事（「董 事」）會（「董事會」）、監 事 會 及 董 事、監 事、高 級 管 理人員保證2023年第三 季 度 報 告（「季度報告」或「報 告」）內 容 的 真實、準確、完整，不存在虛假記載、誤導性陳述或者重大遺漏， 並 承 擔 個 別 和 連 帶 的 法 律 責 ...

四川成渝高速公路股份有限公司 ( (在中華人民共和國註冊成立之股份有限公司) (股份 编 號：00107) 2023 中 期 報 告 目錄 釋義 2 公司資料 12 公司簡介 16 中期簡明財務信息 18 股本變動及主要股東持股情況 116 董事、監事及高級管理人員情況 120 管理層討論與分析 121 其他重要事項 159 報告期後事項 168 釋義 機場高速 成都機場高速公路 城北出口高速 成都城北出口高速公路 成樂高速 四川成樂（成都－樂山）高速公路 成仁高速 成自瀘赤（成都－自貢－瀘州－赤水）高速公 路成都至眉山（仁壽）段 成雅高速 四川成雅（成都－雅安）高速公路 成渝高速 成渝（成都－重慶）高速公路（四川段） 遂廣高速 四川遂廣（遂寧－廣安）高速公路 遂西高速 四川遂西（遂寧－西充）高速公路 二繞西高速 成都第二繞城高速公路西段 天邛高速 天邛（天府新區－邛崍）高速公路 於本章節中，釋義乃按英文版本(A-Z)排序。 一. 道路項目名稱 四川成渝高速公路股份有限公司 2 釋義（續） 機場高速公司 成都機場高速公路有限責任公司 城北公司 成都城北出口高速公路有限公司 成渝贏創投資 成都成渝贏創股權投資合 ...

Financial Performance - The company's revenue for the six months ended June 30, 2023, was RMB 5,657,375,000, representing an increase of 28.0% compared to RMB 4,433,927,000 for the same period in 2022[2]. - Gross profit for the same period was RMB 1,566,668,000, up 38.3% from RMB 1,133,283,000 in 2022[2]. - The net profit attributable to the owners of the company was RMB 780,353,000, a significant increase of 84.2% compared to RMB 423,813,000 in the previous year[2]. - The company reported a total comprehensive income of RMB 821,602,000 for the period, compared to RMB 463,846,000 in 2022, reflecting a growth of 77.1%[3]. - The company’s basic and diluted earnings per share for the period were RMB 0.255, compared to RMB 0.139 in 2022, reflecting an increase of 83.5%[3]. - The company reported a total of RMB 16,938 thousand in other rental income for the six months ended June 30, 2023, compared to RMB 9,738 thousand in the same period of 2022, marking an increase of about 74%[28][29]. - The company reported a profit of RMB 1,195,682 million for the six months ended June 30, 2023, with notable contributions from the highway and transportation service segments[23]. - The group reported a profit for the period of RMB 827,511 thousand, an increase of RMB 361,712 thousand compared to RMB 465,799 thousand in the same period last year, with highway segment profit rising by 88.03% to RMB 1,033,579 thousand[87]. Assets and Liabilities - The total assets as of June 30, 2023, amounted to RMB 66,583,000,000, a decrease from RMB 72,468,000,000 at the end of 2022[4]. - Current assets totaled RMB 5,605,213,000, an increase from RMB 5,240,887,000 in the previous year[5]. - The company’s non-current liabilities increased to RMB 33,764,253,000 from RMB 29,866,773,000 in 2022, indicating a rise of 12.7%[6]. - The total liabilities as of June 30, 2023, were RMB 40,044,585,000, up from RMB 34,588,353,000 as of December 31, 2022, indicating a rise of approximately 15.5%[27][28]. - The net current liabilities of the group amounted to RMB 675,119,000, compared to net current assets of RMB 519,307,000 as of December 31, 2022[8]. - Total liabilities as of June 30, 2023, were RMB 1,299 million, significantly up from RMB 44 million as of December 31, 2022[16]. - The company’s long-term borrowings without collateral increased to RMB 6,616,700,000 as of June 30, 2023, compared to RMB 2,710,950,000 at the end of 2022, showing a significant rise[62]. Revenue Segments - Segment revenue for the highway division was RMB 2,361,466 million, contributing significantly to the total segment revenue of RMB 5,657,375 million for the six months ended June 30, 2023[23]. - The revenue from toll fees in the highway segment was RMB 2,361,466 thousand for the six months ended June 30, 2023, compared to RMB 1,935,991 thousand for the same period in 2022, reflecting an increase of about 22%[29][31]. - The engineering construction segment generated revenue of RMB 2,032,462 thousand for the six months ended June 30, 2023, compared to RMB 1,381,960 thousand in the same period of 2022, indicating a growth of approximately 47%[29][31]. - The transportation logistics segment saw a remarkable increase in revenue of 3,757.85%, reaching RMB 312,177 thousand, primarily due to the company's active development of the North Grain South Transport project[81]. - The engineering construction segment's revenue rose by 47.07% to RMB 2,032,462 thousand, with significant contributions from service concession contracts and third-party construction projects[81]. Investments and Acquisitions - The group acquired 81% and 19% stakes in Sichuan Rongcheng Second Ring Expressway Development Co., Ltd. from Sichuan Shudao Expressway Group Co., Ltd. and Sichuan Road and Bridge Construction Group Co., Ltd. on April 30, 2023[9]. - The acquisition was accounted for under the merger accounting method as per the Hong Kong Institute of Certified Public Accountants guidelines, consistent with previous financial statements[9]. - The company completed the acquisition of 81% and 19% equity in Rongcheng Errao Company for a total consideration of RMB 5,903,000,000, enhancing its control over toll highways in Sichuan Province[65]. - The company has established a good credit relationship with financial institutions, allowing it to enjoy favorable loan interest rates, with available loan credit limits of RMB 49.702 billion for the next one to two years[99]. Operational Highlights - The overall average daily traffic volume for the Chengyu Expressway was 20,636 vehicles, an increase of 7.78% compared to the same period in 2023[69]. - The toll revenue from the Chengren Expressway increased by 39.50% year-on-year, amounting to RMB 477,746 thousand[69]. - The toll revenue from the Chengle Expressway increased by 20.58% year-on-year, totaling RMB 262,766 thousand[69]. - The company aims to focus on value creation and expand its core highway investment and operation, while also exploring new quality road projects[104]. - The company plans to enhance its new energy sector by developing a "charging, battery bank + battery swap, hydrogen energy" industrial cluster[104]. Governance and Compliance - The company has established a comprehensive governance structure, continuously improving its internal audit and risk management systems[115]. - The company adheres to the corporate governance code and has no significant discrepancies with the requirements of the corporate governance standards[116]. - The audit committee consists of three independent non-executive directors, confirming the unaudited interim financial information as of June 30, 2023[117]. - The company is committed to continuous improvement in governance to enhance shareholder value[115]. - The company has confirmed compliance with the standards for securities trading by directors and supervisors, with no violations reported[118]. Employee and Social Responsibility - Employee compensation totaled approximately RMB 317,939 thousand during the reporting period, with the company's own employee compensation amounting to about RMB 156,359 thousand[112]. - The workforce consisted of 4,603 employees, including 3,231 production personnel and 663 technical personnel[110]. - The company strictly adheres to labor protection policies and provides various social insurance for its employees[113]. - The company organized various training programs, with a total of 19,559 participants, including 8,831 from the company and its subsidiaries[114].

Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,989,710,755.95, representing a decrease of 1.26% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company reached RMB 436,477,960.34, an increase of 73.58% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 416,658,010.91, up 75.75% from the previous year[5] - The basic earnings per share for the period was RMB 0.1427, reflecting a 73.60% increase compared to the same period last year[5] - The diluted earnings per share also stood at RMB 0.1427, marking a 73.60% increase year-on-year[5] - The weighted average return on net assets was 2.31%, an increase of 0.87 percentage points[5] - In Q1 2023, the net profit for Q1 2023 was 467,446,931.86 CNY, compared to 266,967,024.84 CNY in Q1 2022, indicating a year-over-year increase of about 75%[31] - Earnings per share (EPS) for Q1 2023 was 0.1427 CNY, up from 0.0822 CNY in Q1 2022, reflecting a growth of approximately 73%[34] - Operating profit for Q1 2023 reached 553,131,894.61 CNY, compared to 328,316,941.70 CNY in Q1 2022, marking an increase of around 68%[30] Cash Flow and Assets - The net cash flow from operating activities was RMB 667,406,119.33, down 6.79% compared to the previous year[5] - As of March 31, 2023, total current assets increased to CNY 5,545,705,380.65 from CNY 3,970,037,430.35 as of December 31, 2022, representing a growth of approximately 39.6%[20] - Cash and cash equivalents rose significantly to CNY 3,395,311,534.69 from CNY 2,552,133,327.65, marking an increase of about 33.1%[20] - Total non-current assets reached CNY 36,776,827,926.78, up from CNY 36,287,297,539.95, indicating a growth of approximately 1.4%[21] - Total liabilities increased to CNY 23,135,335,903.36 from CNY 21,536,718,999.98, reflecting a rise of about 7.4%[24] - The company generated cash inflows from operating activities totaling 1,807,538,582.14 CNY in Q1 2023, down from 1,970,325,675.15 CNY in Q1 2022, a decrease of about 8%[36] - The net increase in cash and cash equivalents for Q1 2023 was 843,160,207.04, contrasting with a decrease of -384,879,910.53 in Q1 2022, showing a positive cash position[40] Shareholder Information - The total number of common shareholders at the end of the reporting period was 48,196, including 47,942 A-share shareholders and 254 H-share shareholders[16] - Sichuan Transportation Investment Group holds 1,157,865,662 shares, accounting for 37.86% of total shares[13] - HKSCC NOMINEES LIMITED holds 887,404,700 shares, representing 29.02% of total shares[13] - The top ten shareholders hold a total of 2,740,000,000 shares, which is approximately 89.39% of the total shares[15] - The company has not disclosed any related party relationships among the top shareholders[14] Investment Projects - The Chengle Expressway expansion project has an estimated total investment of approximately RMB 251.5 billion, with cumulative investment completed as of March 31, 2023, amounting to RMB 10.34 billion[17] - The Tianqiong Expressway BOT project has an estimated total investment of approximately RMB 86.85 billion, with cumulative investment completed as of March 31, 2023, amounting to RMB 3.146 billion[18] - The Chengle Expressway expansion project is expected to alleviate traffic pressure and improve overall traffic capacity and service levels[17] - The project company for the Tianqiong Expressway was established with a registered capital of RMB 1.737 billion, of which the company subscribed RMB 1.42434 billion[18] Expenses and Costs - Total operating costs for Q1 2023 were CNY 1,497,116,484.94, down from CNY 1,704,728,358.79 in Q1 2022, representing a decrease of about 12.2%[27] - Research and development expenses for Q1 2023 were CNY 76,427,558.61, compared to CNY 102,212,967.84 in Q1 2022, a reduction of approximately 25.3%[28] - Interest expenses decreased to 89,656,885.15 CNY in Q1 2023 from 116,037,558.30 CNY in Q1 2022, a reduction of about 23%[30] - Cash outflow for purchasing fixed assets and other long-term assets in Q1 2023 was 1,200,340,004.64, an increase from 950,775,036.67 in Q1 2022, suggesting increased capital expenditure[38] - Cash paid for financing activities in Q1 2023 was 478,850,228.47, slightly lower than 506,639,111.39 in Q1 2022, indicating a reduction in financing costs[39]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2022, representing a year-on-year increase of 15%[19]. - The company reported a total revenue of 8 billion RMB for the fiscal year ending December 31, 2022[21]. - The company achieved a net revenue of approximately RMB 9,763,056 thousand in 2022, representing a year-on-year growth of about 10.56%[41]. - The company's net profit attributable to shareholders for 2022 was approximately RMB 764,821 thousand, a decrease of 59.12% year-on-year[29]. - Basic earnings per share for 2022 were approximately RMB 0.25, compared to RMB 0.612 in 2021[29]. - The company's total comprehensive income for the year was RMB 828,647 thousand, down from RMB 2,154,187 thousand in the previous year, marking a decline of 61.5%[182]. - The group's profit for the year was RMB 816,875 thousand, a decrease of 58.13% compared to RMB 1,951,016 thousand in the previous year[65]. - The company's pre-tax profit for 2022 was RMB 1,088,979 thousand, down from RMB 2,288,196 thousand in 2021, indicating a decrease of approximately 52.4%[57]. Revenue Segmentation - The highway segment reported a net revenue of approximately RMB 3,102,301 thousand, a decline of about 10.49% compared to the previous year[41]. - The new energy technology segment generated a net revenue of approximately RMB 11,665 thousand, marking a significant increase of 46,556% year-on-year[42]. - The transportation logistics segment saw a remarkable revenue increase of approximately 780.60%, reaching RMB 322,397 thousand[41]. - The engineering construction segment achieved a net revenue of approximately RMB 4,210,364 thousand, reflecting a year-on-year growth of about 61.26%[41]. Dividend and Shareholder Returns - The company declared a final dividend of RMB 0.15 per share, subject to approval at the upcoming annual general meeting[19]. - The board has proposed a final cash dividend of RMB 0.10 per share, totaling approximately RMB 305,806 thousand, which accounts for 47.96% of the distributable profits[29]. - The board has approved a dividend payout of 1.5 billion RMB, reflecting a commitment to returning value to shareholders[23]. - The proposed final cash dividend for the fiscal year 2022 is RMB 0.10 per share, totaling approximately RMB 305,806 thousand, which represents 47.96% of the distributable profits calculated under Chinese accounting standards[178]. Operational Developments - User traffic on the highways managed by the company increased by 10% compared to the previous year, with an average daily traffic volume of 150,000 vehicles[19]. - The company plans to expand its highway network by 300 kilometers over the next three years, focusing on underserved regions[19]. - The company has launched a new mobile app that has already attracted 500,000 downloads within the first month, aimed at improving customer engagement[19]. - The company is exploring public-private partnership (PPP) projects to fund future infrastructure developments, with an initial investment of RMB 300 million planned[19]. - The company plans to launch a new expressway service model aimed at improving customer satisfaction by Q3 2023[22]. Strategic Initiatives - A merger with Sichuan Railway Industry Investment Group is expected to be finalized by Q3 2023, which will enhance operational capabilities[19]. - The company has completed a strategic acquisition of a local construction firm for 300 million RMB to enhance project delivery capabilities[22]. - The company is committed to achieving a good start for the "14th Five-Year Plan" and completing the three-year action plan for state-owned enterprise reform[28]. - The company aims to enhance its competitive advantage in the traditional core business while fostering innovation and reform[28]. Market Expansion and Future Outlook - The company has set a target for a revenue growth of 20% for the upcoming fiscal year, driven by new projects and expansions[19]. - Market expansion plans include entering two new provinces by the end of 2023, targeting a 20% increase in market share[23]. - Future outlook includes a focus on sustainable infrastructure development, aligning with national policies[23]. - The company aims to innovate in technology and promote low-carbon smart engineering, including the development of intelligent construction equipment and a comprehensive management platform for highway operations[36]. Risk Management and Compliance - The company is actively promoting compliance management and risk prevention measures to ensure stable development[33]. - The company acknowledges the ongoing challenges in the macroeconomic environment, including high global inflation and domestic economic pressures, while maintaining confidence in the resilience and potential of the Chinese economy[35]. - The company is committed to improving financial management and risk prevention through budget assessments and the promotion of financial digital transformation[36]. - The company has established a comprehensive risk management and internal control system, ensuring the effectiveness of financial, operational, and regulatory controls[147]. Corporate Governance - The company has established a comprehensive governance structure, including various committees to enhance corporate governance practices[89]. - The board has established four specialized committees to assist in fulfilling its responsibilities effectively[111]. - The company emphasizes the importance of independent non-executive directors in maintaining the overall interests of the company and protecting shareholders' rights[112]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the standards set by the stock exchange[123]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an ESG leadership group to oversee environmental, social, and governance matters, with the chairman leading the initiative[175]. - The ESG working office is responsible for establishing a comprehensive ESG data account and setting ESG performance goals[176]. - The company is committed to optimizing its risk management and internal control systems continuously, ensuring clear responsibilities and efficient execution[93].

证券代码：601107 证券简称：四川成渝 公告编号：2023-016 四川成渝高速公路股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 四川成渝高速公路股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日披露了公司 2022 年年度报告。为便于广大投资者更加全面深入地了解公司经 营成果、财务状况、发展战略等情况，公司定于 2023 年 04 月 21 日（星期五） 会议召开时间：2023 年 04 月 21 日（星期五）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会议问题征集：投资者可于 2023 年 04 月 21 日（星期五）15:00 前访问 网址 https://eseb.cn/13N2f58g2R2 或使用微信扫描下方小程序码进行会 前提问，或通过公司邮箱 db@cygs.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 15:00-16:00 举行 2022 年度业绩暨现金分红说明会，就投资者关心的问题进行交 流，广泛听取投资者的意见和建议。 二、说明会召开的时间、地点和方式 ...

Financial Performance - Revenue increased by approximately 10.56% to approximately RMB 9,763,056 thousand[2] - Profit attributable to owners decreased by approximately 59.12% to approximately RMB 764,821 thousand[2] - Earnings per share decreased by approximately 59.15% to approximately RMB 0.250[2] - Proposed final cash dividend for 2022 is RMB 0.10 per share (tax included), down from RMB 0.11 per share in 2021[2] - Gross profit for the year was RMB 1,628,756 thousand, down from RMB 2,133,313 thousand in 2021[3] - Other income and gains decreased significantly to RMB 271,250 thousand from RMB 1,153,472 thousand[3] - Total comprehensive income for the year was RMB 828,647 thousand, down from RMB 2,154,187 thousand in 2021[4] - Total revenue for 2022 reached RMB 9,591,906 thousand, an increase of 11.4% from RMB 8,606,123 thousand in 2021[26] - The adjusted profit before tax for the group was RMB 1,088,979 thousand, reflecting a significant increase in profitability compared to the previous year[17] - The company reported a total liability of RMB 21,348,017 thousand, with the Highway segment accounting for RMB 19,854,206 thousand[18] Segment Performance - For the year ended December 31, 2022, total segment revenue reached RMB 9,763,056 thousand, with the highest contribution from the Highway segment at RMB 3,102,301 thousand[17] - The segment profit for the Highway division was RMB 1,018,147 thousand, indicating a robust performance despite market challenges[17] - Customer contract revenue from toll fees amounted to RMB 3,102,301 thousand, while construction services generated RMB 4,210,364 thousand in 2022[27] - The engineering construction segment achieved revenue of approximately RMB 4,210,364 thousand, reflecting a year-on-year growth of about 61.26%[70] - The highway segment reported revenue of approximately RMB 3,102,301 thousand, a year-on-year decrease of about 10.49%[70] Assets and Liabilities - Non-current assets totaled RMB 35,218,523 thousand, an increase from RMB 33,357,866 thousand in 2021[5] - Current liabilities totaled RMB 3,729,995 thousand, up from RMB 3,432,636 thousand in 2021[6] - Total equity attributable to owners was RMB 17,805,667 thousand, compared to RMB 17,364,995 thousand in 2021[6] - The total assets of the group as of December 31, 2022, were approximately RMB 40,068,636 thousand, with a net asset value of approximately RMB 18,720,619 thousand[65] - The total liabilities of the company stood at RMB 22,199,036 thousand as of December 31, 2021[22] Cash Flow and Financing - The net cash outflow from operating activities for the year was RMB 1,911,580 thousand, an improvement of RMB 173,105 thousand compared to the previous year's outflow of RMB 2,084,685 thousand[106] - The net cash inflow from investing activities was RMB 228,318 thousand, a decrease of RMB 1,672,920 thousand compared to the previous year[107] - The total bank loans amounted to RMB 17,871,410 thousand, with RMB 1,865,449 thousand due within one year, RMB 5,152,245 thousand due within five years, and RMB 10,853,716 thousand due after five years[111] - The group has secured a loan credit limit of RMB 43.859 billion from financial institutions for the next one to two years[111] Strategic Initiatives - The company aims to strengthen its core business in highway investment, construction, and management while developing green energy initiatives focused on charging and hydrogen energy[69] - The company plans to continue expanding its presence in the New Energy Technology sector, reflecting a strategic shift towards sustainable growth[17] - The company is focusing on expanding its new energy sector, including the construction of charging stations and the development of a smart energy management platform[116] - The company is actively exploring market expansion channels and seeking quality mature road assets to promote the scale of road assets[116] Governance and Compliance - The company has adopted and complied with the corporate governance code as per the Stock Exchange listing rules, ensuring improved governance standards[127] - The audit committee, composed of three independent non-executive directors, has reviewed the annual performance for the year ending December 31, 2022, and confirmed compliance with applicable accounting standards[128] - The company has established a set of conduct rules that meet or exceed the standards set by the Standard Code regarding securities trading by directors and supervisors[129] Employee and Training - As of December 31, 2022, the total employee salary expenses amounted to approximately RMB 564.723 million, with RMB 303.487 million attributed to the company itself[124] - The company has a total of 4,150 employees, including 2,842 production personnel and 586 technical personnel[122] - The company has organized various training programs, with a total participation of 21,575 person-times in skills and professional training during the reporting period[126]