Financial Performance - The company achieved operating revenue of RMB 9,245,691,000 in 2024, a decrease of 0.53% compared to RMB 9,295,304,000 in 2023[6]. - Net profit attributable to shareholders was RMB 1,145,049,000, down 50.80% from RMB 2,327,197,000 in the previous year[6]. - The weighted average return on equity decreased to 5.31% in 2024, down from 11.99% in 2023, a decline of 6.68 percentage points[7]. - Basic earnings per share fell to RMB 0.441, a decrease of 55.09% from RMB 0.982 in the previous year[7]. - The company reported a significant decline in revenue from real estate development, which fell by 67.38% to CNY 29,262 thousand due to a decrease in the number of units delivered[82]. - Investment income decreased by 31.88% to 1,025,126 thousand RMB from 1,504,853 thousand RMB in the previous year[79]. - Operating costs increased by 6.30% to 6,324,399 thousand RMB from 5,949,384 thousand RMB in the previous year[79]. - The net cash flow from operating activities was 3,717,306 thousand RMB, down 9.22% from 4,094,812 thousand RMB in the previous year[79]. Shareholder Information - The company plans to distribute a cash dividend of RMB 0.244 per share for the year ending December 31, 2024, totaling approximately RMB 619,236,894.99[5]. - As of the end of 2024, the total number of shareholders was 16,781, with 16,540 being A-share shareholders and 241 being H-share shareholders[8]. - The top three shareholders held 82.37% of the total shares, with HKSCC NOMINEES LIMITED holding 33.47%[8]. - The company has maintained a continuous cash dividend distribution for 27 years since its listing, adhering to a policy that emphasizes reasonable shareholder returns while ensuring sustainable operations[139]. Assets and Liabilities - The total assets at the end of 2024 were RMB 67,558,030,948.58, showing a slight increase of 0.07% from RMB 67,507,469,090.77 at the end of 2023[7]. - The total interest-bearing liabilities increased by approximately 1.18% to 32,057,208 thousand RMB as of December 31, 2024, compared to 31,684,662 thousand RMB at the end of 2023[110]. - The company's asset-liability ratio was 59.74%, an increase from 58.53% at the end of the previous year[116]. - The net debt to equity ratio stood at 108.03%, compared to 106.18% at the end of the previous year[116]. - The group’s cash and cash equivalents increased by 35.13% to 2,908,582 thousand RMB compared to 2,152,368 thousand RMB at the end of the previous period[110]. Business Segments and Operations - The company's main revenue and profit source is the toll road business, which is crucial for regional economic development and transportation efficiency[13]. - The company aims to enhance its core business segments of toll roads and environmental protection, focusing on digital transformation to create a "Smart Deep Highway"[13]. - The environmental business segment includes solid waste resource processing and clean energy generation, aligning with national green transformation goals[12]. - The group currently operates 16 toll road projects with a total mileage of approximately 613 kilometers, primarily located in Shenzhen and the Guangdong-Hong Kong-Macao Greater Bay Area, showcasing strong regional advantages[20]. - The company is committed to sustainable development solutions, emphasizing innovation, intelligence, and efficiency in urban infrastructure[13]. Digital Transformation and Innovation - The company plans to extend its service offerings to include digital technology and financial services, enhancing operational efficiency[12]. - The group has developed a road network monitoring and command dispatch system platform, which is now operational, providing smart applications for network operation monitoring and management[20]. - The company is advancing digital transformation initiatives, including the application of digital technologies in highway construction and environmental protection operations to reduce costs and improve management[34]. - The company has a 51% stake in a digital technology company, which has developed 1 invention patent, 6 software copyrights, and 6 utility model patents during the reporting period[72]. Future Outlook and Strategic Plans - The company plans to focus on enhancing its toll road business and expanding into integrated clean energy sectors, leveraging opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area[144]. - The approved capital expenditure plan for 2025-2027 is approximately CNY 20.6 billion, aimed at various construction projects including environmental initiatives[147]. - The company plans to invest approximately RMB 8.447 billion in the construction of the third phase of the Shenzhen Outer Ring Expressway, with 14.3% of the project completed as of the reporting period[44]. - The company is focusing on risk management by integrating it into strategic decision-making, particularly concerning policy, operational management, financing, and construction management risks[149]. Environmental and Clean Energy Initiatives - The company is committed to sustainability and has obtained ISCC certification, enhancing its international brand image[184]. - The company’s clean energy projects have a total installed capacity of approximately 668 MW, with wind power revenue impacted by decreased wind resources and increased curtailment rates[57]. - The solid waste resource treatment and clean energy generation sectors are supported by national policies, aligning with the group's resource advantages and operational management model[21]. - The company is expanding its waste oil recycling network to improve profitability in its kitchen waste treatment projects[154]. Legal and Compliance Matters - The company is currently in a pre-trial mediation process regarding a lawsuit filed by the infrastructure and environmental company for performance compensation obligations[167]. - The audit committee has reviewed and confirmed the financial statements and annual report for 2024[170]. - The company has fully adopted the corporate governance code as per the listing rules, with no significant deviations noted[173].

（於開曼群島註冊成立之有限公司） 股份代號：737（港幣櫃檯）及80737（人民幣櫃檯） ( 於中華人民共和國註冊成立的股份有限公司 ) (股份代號：00548) Shenzhen Investment Holdings Bay Area Development Company Limited 深 圳 投 控 灣 區 發 展 有 限 公 司 聯合公告 沿江項目貨車運輸收費調整結束 本聯合公告乃由深圳高速公路集團股份有限公司（「深高速」）及深圳投控灣區發展有限 公司（「灣區發展」，深高速擁有約 71.83%權益之附屬公司）自願作出。 按照深圳市交通運輸局（原深圳市交通運輸委員會）與深圳市廣深沿江高速公路投資有 限公司（「沿江公司」，灣區發展和深高速分別擁有其 51%和 49%權益）簽訂的有關協議， 據此廣深沿江高速公路深圳段（「沿江項目」）實施貨車運輸收費調整：自 2018 年 3 月 1 日至 2024 年 12 月 31 日，沿江項目通行的貨車按正常收費標準的 50%收取通行費，深 圳市交通運輸局就此項減免的通行費給予沿江公司補償。 深高速及灣區發展各自之董事會謹此公告，根據近日收到的深圳市交通運輸局通知， ...

Financial Performance - Net profit attributable to shareholders for Q3 2024 was RMB 600.16 million, a decline of 1.55% compared to the same period last year [4]. - Operating revenue for Q3 2024 was RMB 2.10 billion, down 6.39% year-on-year [4]. - The company reported a total net profit of RMB 1.37 billion for the first nine months of 2024, a decrease of 10.71% compared to the same period last year [4]. - Total operating revenue for the first nine months of 2024 was RMB 5,859,778,932.60, a decrease of 8.0% compared to RMB 6,371,288,240.00 in the same period of 2023 [27]. - Net profit for the first nine months of 2024 was RMB 1,500,641,474.24, a slight decrease of 3.7% from RMB 1,558,580,959.78 in 2023 [27]. - Basic and diluted earnings per share for the first nine months of 2024 were both RMB 0.566, down from RMB 0.642 in the same period of 2023 [28]. - The total comprehensive income for the first nine months of 2024 was RMB 1,347,431,676.64, an increase from RMB 1,227,044,364.20 in 2023 [28]. - The company reported investment income of RMB 801,076,752.19, up from RMB 642,835,759.51 in the same period last year [27]. Asset and Liability Management - As of September 30, 2024, total assets decreased by 1.19% to RMB 66.71 billion from RMB 67.51 billion at the end of 2023 [3]. - Total liabilities decreased to RMB 38,957,652,482.96 from RMB 39,508,787,105.65, reflecting a reduction of approximately 1.4% [24]. - Short-term borrowings significantly decreased to RMB 3,784,150,417.85 from RMB 11,105,625,836.85, a decline of about 66.0% [24]. - Long-term borrowings increased to RMB 14,419,081,986.43 from RMB 9,567,707,809.79, indicating a rise of approximately 50.5% [24]. - The equity attributable to shareholders decreased to RMB 22,231,331,626.09 from RMB 22,357,997,457.11, a decline of about 0.6% [26]. - The company's total assets amounted to RMB 66,705,407,211.40, down from RMB 67,507,469,090.77, representing a decrease of approximately 1.2% [25]. Cash Flow Analysis - The net cash flow from operating activities for the first nine months of 2024 was RMB 2.75 billion, reflecting a decrease of 8.05% [3]. - Cash flow from operating activities generated a net amount of RMB 2,751,908,590.91, a decrease from RMB 2,992,715,053.98 in the previous year [29]. - Cash flow from investing activities showed a net inflow of RMB 234,871,765.72, compared to RMB 62,751,299.49 in the same period of 2023 [29]. - Cash flow from financing activities resulted in a net outflow of RMB 2,044,139,432.37, an improvement from a net outflow of RMB 3,276,066,981.44 in the previous year [30]. Shareholder Information - The total number of shareholders as of the report date was 18,128, with 17,889 being A-share shareholders [6]. - The largest shareholder, HKSCC Nominees Limited, holds 33.46% of the shares [6]. - The company plans to issue up to approximately 654 million A-shares, with total fundraising adjusted to no more than 4.703 billion RMB for investment in external projects and repayment of interest-bearing debts [18]. - The company has extended the validity period of the shareholder meeting resolution for the issuance of new shares by 12 months to facilitate the fundraising process [18]. Project and Operational Highlights - The company processed 365.93 thousand tons of organic waste in Q3 2024, with total operating revenue reaching RMB 182,202.27 thousand for the same period [15]. - The company reported a total revenue of RMB 25,728.36 thousand for the Guiyang project in Q3 2024, with a year-to-date revenue of RMB 71,989.48 thousand [14]. - The average daily mixed traffic volume for the Meiguan Expressway was 179 thousand vehicles in Q3 2024, showing an increase from 165 thousand vehicles in the same period last year [11]. - The company achieved a daily toll revenue of RMB 3,460 thousand for the Outer Ring project in Q3 2024, compared to RMB 3,202 thousand in the same period last year, reflecting a growth of approximately 8% [11]. - The average daily toll revenue for the Jiangjiang project was RMB 2,391 thousand in Q3 2024, up from RMB 1,915 thousand in the same period last year, indicating a significant increase of about 25% [11]. - The company’s revenue from the Nanning project was RMB 24,653.78 thousand in Q3 2024, with a year-to-date revenue of RMB 73,459.46 thousand [14]. - The company holds a 100% stake in the Dezhou project, which generated RMB 8,808.58 thousand in revenue for the year-to-date period [14]. - The company’s average daily toll revenue for the Longda Expressway was RMB 450 thousand in Q3 2024, slightly up from RMB 434 thousand in the same period last year [11]. - The company’s revenue from the trial operation of the Guangming Environmental Park reached RMB 14,889.57 thousand for the year-to-date period [15]. Financing Activities - The company completed the issuance of the second phase of ultra-short-term financing bonds on July 22, 2024, with a scale of 1.5 billion RMB and a coupon rate of 1.75% [21]. - The company completed the issuance of the first phase of medium-term notes on October 18, 2024, with a scale of 500 million RMB and an interest rate of 2.16% [21]. - The company issued 1 billion RMB in wealth management products, with a return of 4.91 million RMB during the reporting period [21]. Wind Power Generation - The company reported wind power generation data for Q3 2024, with total on-grid electricity of 400,854.46 MWh and wind power business revenue of 125.81 million RMB for the first nine months of 2024 [17]. - The company’s Xinjiang Mu Lei project generated 554,642.46 MWh of on-grid electricity, contributing 251.78 million RMB in revenue for the first nine months of 2024 [17]. - The company’s Baotou South Wind project generated 95,339.37 MWh of on-grid electricity in Q3 2024, with revenue of 31.32 million RMB [17]. - The company’s subsidiary, Huai'an Zhongheng, holds a 20% stake, contributing 22.79 million RMB in revenue for Q3 2024 [17].

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2024, representing a year-on-year increase of 15% compared to the same period in 2023[2]. - The company anticipates a revenue growth target of 12% for the full year 2024, driven by increased traffic and new projects[4]. - The company provided a revenue guidance of 3 billion RMB for the full year 2024, which reflects an expected growth rate of 15%[12]. - The company reported a total revenue of approximately 1.5 billion RMB for the first half of 2024, representing a year-on-year increase of 12%[12]. - The company's operating revenue for the first half of 2024 was RMB 3,756,892,301.30, a decrease of 8.92% compared to RMB 4,124,879,965.28 in the same period of 2023[27]. - Net profit attributable to shareholders for the first half of 2024 was RMB 773,857,169.47, down 16.72% from RMB 929,275,101.01 in the first half of 2023[27]. - Basic earnings per share for the first half of 2024 was RMB 0.312, down 18.75% from RMB 0.384 in the first half of 2023[27]. - The company achieved a total revenue of RMB 3.757 billion in the reporting period, a year-on-year decrease of 8.92%[47]. - Toll revenue accounted for approximately RMB 2.434 billion, representing 64.78% of total revenue, while environmental business revenue was about RMB 735 million, contributing 19.56%[47]. Traffic and User Engagement - User traffic on the expressways increased by 10% in the first half of 2024, with an average daily traffic volume reaching 1.5 million vehicles[3]. - User data indicates that the active users on the company's platforms have reached 5 million, a growth of 20% compared to the previous year[12]. - Daily average traffic volume on toll roads in the Guangdong-Shenzhen area was reported, with Meiguan Expressway at 158 thousand vehicles, showing a decrease of 1.2% year-on-year[49]. Infrastructure Development - The company plans to expand its expressway network by 200 kilometers by the end of 2025, focusing on key economic zones[5]. - The company has successfully completed the construction of 51 kilometers of new highway, which is expected to improve operational efficiency[10]. - The company plans to invest 1 billion RMB in infrastructure development over the next three years to support its expansion strategy[12]. - The Outer Ring Expressway project, crucial for the Guangdong-Hong Kong-Macao Greater Bay Area, is progressing with approximately 4.9% of construction completed as of the reporting period, with an investment of approximately RMB 8.447 billion approved for Phase III[55]. - The board approved an investment of approximately RMB 19.23 billion for the expansion of the Airport Expressway, which will significantly improve traffic capacity and support regional transportation needs[57]. Strategic Partnerships and Acquisitions - A strategic partnership with local governments aims to enhance infrastructure development, with an estimated investment of RMB 500 million over the next three years[8]. - The company is exploring potential acquisitions in the logistics sector to diversify its business operations[5]. - The company has initiated a strategic acquisition of a logistics firm valued at 500 million RMB to enhance its supply chain capabilities[12]. Research and Development - The company has allocated RMB 300 million for research and development of environmentally friendly road construction materials in 2024[7]. - Research and development expenses have increased by 30% to 150 million RMB, focusing on innovative technologies for infrastructure projects[12]. - The company has designed an organic waste processing capacity exceeding 6,900 tons per day, focusing on providing harmless treatment for organic solid waste and household garbage[62]. Environmental Initiatives - The company is focusing on expanding its environmental and clean energy businesses alongside its toll road operations[33]. - The group has made significant investments in the solid waste resource treatment and clean energy sectors, aligning with national policies that support these industries[36]. - The company’s subsidiary, Lande Environmental, operates 20 organic waste treatment projects with a design capacity of over 4,800 tons per day, although it has not yet achieved profitability in the first half of 2024[63]. Financial Management and Capital Structure - The company has unused bank credit lines amounting to 42.73 billion RMB, a decrease of 1.01 billion RMB from the previous year[118]. - The company plans to allocate approximately 10.752 billion RMB for capital expenditures by the end of 2026, focusing on various engineering projects[119]. - The company issued short-term financing bonds and corporate bonds to optimize debt structure and replenish working capital during favorable market conditions[121]. - The company plans to issue up to approximately 654 million A-shares, raising a total of no more than 4.9 billion yuan for investment in external projects and repayment of interest-bearing debts[139]. Corporate Governance and Investor Relations - The company has established a mechanism for direct communication with investors, responding to over 50 inquiries and hosting 24 investor visits in the first half of 2024[173]. - The company is focused on enhancing corporate governance practices, complying with both domestic and international regulations[172]. - The company has committed to adhering to new regulatory requirements from the China Securities Regulatory Commission regarding immediate return measures and will issue supplementary commitments if necessary[171]. Employee Engagement and Training - As of June 30, 2024, the group had a total of 7,049 employees, including 1,827 management and professional staff, and 5,222 frontline operational staff[175]. - The company implemented 113 training programs during the reporting period, with approximately 5,437 participants, covering topics such as legal regulations and risk management[176].

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。 (於中華人民共和國註冊成立的股份有限公司) (股份代號：00548) 2024 年半年度業績初步公告 一、 重要提示 1.1 重要提示 本公司 2024 年半年度業績初步公告摘自本公司 2024 年半年度報告全文，投資者欲了解 詳細內容，應當仔細閱讀將刊載於上交所網站 http://www.sse.com.cn 及聯交所網站 http://www.hkexnews.com.hk 的半年度報告全文。 本公司 2024 年半年度財務報表按照中國企業會計準則編制，並同時遵循香港公司條例 以及上市規則的披露要求。 除特別說明外，本公告中之金額幣種為人民幣。 1.2 公司簡介 | --- | --- | --- | |------------------|----------------------|----------------------| | 股票種類 | A 股 | H 股 | | 股票簡稱 | 深高速 ...

Financial Performance - The company reported a total revenue of RMB 5.2 billion for the fiscal year 2023, representing a year-on-year increase of 12%[1]. - The company reported a net profit of RMB 1.5 billion, a 15% increase compared to the previous fiscal year[1]. - The company's operating revenue for 2023 was RMB 9,295,304,371.69, a decrease of 0.82% compared to RMB 9,372,582,546.59 in 2022[41]. - Net profit attributable to shareholders for 2023 was RMB 2,327,197,196.81, representing a 15.41% increase from RMB 2,016,496,533.08 in 2022[41]. - The average return on equity increased to 11.99% in 2023, up by 2.06 percentage points from 9.93% in 2022[41]. - The company reported a significant increase of 82.38% in net profit after deducting non-recurring gains and losses, reaching RMB 2,240,100,027.08 in 2023[41]. - The company proposed a final cash dividend of RMB 0.55 per share, totaling approximately RMB 1.20 billion, which represents 56.03% of the net profit attributable to ordinary shareholders[56]. - The company achieved a net profit attributable to shareholders of 2,327,197 thousand yuan in 2023, representing a year-on-year increase of 15.41% compared to 2,016,497 thousand yuan in 2022[118]. Revenue Sources - Revenue from toll fees amounted to approximately CNY 5.375 billion, accounting for 57.82% of total revenue[77]. - Revenue from clean energy and solid waste resource processing businesses reached approximately CNY 1.618 billion, representing 17.41% of total revenue[77]. - The average daily toll revenue for the Meiguan Expressway in 2023 was RMB 427.4 thousand, up from RMB 373.2 thousand in 2022[47]. - The average daily toll revenue for the Guangshen Expressway in 2023 was RMB 7,923.8 thousand, up from RMB 6,186.4 thousand in 2022[47]. Traffic and Operations - User traffic on the expressways increased by 15% compared to the previous year, with an average daily traffic volume reaching 1.2 million vehicles[1]. - The average daily traffic volume and toll revenue for various toll road projects in 2023 showed significant growth, with the Guangdong-Shenzhen region's average daily traffic volume increasing by 19.1% for Meiguan Expressway and toll revenue rising by 14.5%[81]. - The Outer Ring Project in the Guangdong province experienced a 26.9% increase in average daily traffic volume and a 25.0% increase in toll revenue, reflecting its importance in the regional transportation network[84]. - The overall toll revenue in the Shenzhen region increased by over 18% during the reporting period, driven by the recovery of logistics and public travel demand[84]. Strategic Initiatives - The company has set a target for revenue growth of 10% for the next fiscal year, driven by ongoing infrastructure projects and increased traffic[1]. - New technology initiatives include the implementation of smart toll collection systems, expected to reduce wait times by 30%[1]. - The company plans to expand its market presence by entering two new provinces in 2024, aiming to increase its operational network by 20%[1]. - A strategic acquisition of a logistics company is in progress, projected to enhance operational efficiency and contribute an additional RMB 300 million in revenue annually[1]. Environmental and Infrastructure Projects - The company has allocated RMB 200 million for research and development of environmentally friendly road construction materials in the upcoming year[1]. - The company is actively involved in the development of the Shenzhen Bay Area, with a focus on infrastructure and investment projects[20]. - The company is engaged in the investment, construction, and management of toll roads and large environmental protection businesses, including solid waste resource treatment and clean energy generation[38]. - The company is focusing on solid waste resource treatment and clean energy generation, aligning with national policies supporting ecological civilization construction[71]. Financial Stability and Management - The gross profit margin improved to 45%, up from 42% in the previous year, reflecting better cost management and operational efficiencies[1]. - The debt-to-asset ratio improved to 58.53% in 2023 from 60.46% in 2022, indicating better financial stability[50]. - The company has a comprehensive management experience and resources to support project development and management, road maintenance, engineering management, and industrial finance services[38]. - The company has established a compliance risk identification and early warning mechanism to strengthen compliance management across key areas such as investment and procurement[78]. Future Outlook - Future outlook remains positive, with management expressing confidence in achieving a compound annual growth rate (CAGR) of 8% over the next five years[1]. - The company plans to continue expanding its toll road network and enhance operational efficiency through cost management strategies[125]. - The company is focusing on enhancing its core toll road business through digitalization and smart management practices[57]. - The company anticipates economic uncertainties in 2024, including geopolitical tensions and fluctuations in interest and exchange rates, which may impact traffic volume and waste processing[185].

Financial Performance - Operating revenue for the first quarter of 2024 was RMB 2.04 billion, representing a year-on-year increase of 7.06%[6] - Net profit attributable to shareholders reached RMB 471 million, up 6.42% from the same period last year[6] - Basic and diluted earnings per share for the first quarter were both RMB 0.195, reflecting a growth of 7.03%[6] - Total operating revenue for Q1 2024 reached RMB 2,037,983,716.92, a 7.06% increase from RMB 1,903,638,574.41 in Q1 2023[25] - Net profit for Q1 2024 was RMB 512,669,617.76, up 9.43% from RMB 468,505,606.61 in Q1 2023[25] - Operating profit for Q1 2024 was RMB 634,811,192.70, representing a 7.17% increase compared to RMB 592,266,796.17 in Q1 2023[25] - Total operating costs for Q1 2024 were RMB 1,708,887,872.93, up 12.01% from RMB 1,525,339,731.31 in Q1 2023[25] - Investment income for Q1 2024 was RMB 366,047,458.02, a significant increase from RMB 205,830,603.52 in Q1 2023[25] - Total comprehensive income for Q1 2024 was RMB 474,681,285.95, down from RMB 708,832,729.06 in Q1 2023[26] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 67.42 billion, a decrease of 0.13% from December 31, 2023[4] - The company's total liabilities decreased to approximately 39.01 billion RMB as of March 31, 2024, from approximately 39.51 billion RMB at the end of December 2023, a reduction of about 1.3%[24] - The company's long-term investments increased to approximately 19.74 billion RMB as of March 31, 2024, compared to approximately 18.72 billion RMB at the end of December 2023, reflecting a growth of about 5.4%[23] - The company's total equity of approximately 28.41 billion RMB as of March 31, 2024, compared to approximately 27.99 billion RMB at the end of December 2023, an increase of about 1.5%[24] - The total current assets reached approximately 8.24 billion RMB, up from approximately 6.95 billion RMB at the end of December 2023, indicating an increase of about 18.5%[23] Cash Flow - Net cash flow from operating activities was RMB 761 million, down 24.97% year-on-year due to delayed freight compensation and other factors[5][10] - Cash flow from operating activities in Q1 2024 was RMB 760,626,644.48, down 25% from RMB 1,013,802,070.16 in Q1 2023[27] - Cash flow from investing activities generated RMB 672,220,430.43 in Q1 2024, a significant improvement from a negative RMB 297,860,123.80 in Q1 2023[27] - The company's cash and cash equivalents increased to approximately 3.36 billion RMB as of March 31, 2024, compared to approximately 2.15 billion RMB at the end of December 2023, representing a growth of about 56%[23] - The company reported a decrease in cash and cash equivalents at the end of Q1 2024 to RMB 3,235,689,796.04 from RMB 3,538,404,110.36 at the end of Q1 2023[27] Shareholder Information - The total number of shareholders as of the reporting period was 18,715, with 18,471 being A-share shareholders[11] - The largest shareholder, HKSCC Nominees Limited, held 33.46% of the shares, followed by Shenzhen Xintong Industrial Development Co., Ltd. with 30.03%[12] Project and Operational Highlights - The average daily mixed traffic volume for the Meiguan Expressway in Shenzhen was 154,000 vehicles, generating a daily toll revenue of RMB 402,000 for Q1 2024[14] - The average daily mixed traffic volume for the Guangzhou-Shenzhen Expressway was 584,000 vehicles, with a daily toll revenue of RMB 7,540,000 for Q1 2024[15] - The total organic waste processing volume for the Guizhou project was 38.89 thousand tons, resulting in an operating revenue of RMB 21,266.43 thousand for Q1 2024[17] - The total operating revenue from the organic waste projects amounted to RMB 153,855.61 thousand, with a total processing volume of 331.93 thousand tons for Q1 2024[18] - The wind power project in Baotou generated 152,329.61 MWh of electricity, contributing RMB 46,563.58 thousand in revenue for Q1 2024[19] - The Xinjiang project produced 145,265.46 MWh of electricity, resulting in revenue of RMB 65,458.73 thousand for Q1 2024[19] - The average daily toll revenue for the Qinglian Expressway was RMB 2,059,000 with a traffic volume of 55,000 vehicles for Q1 2024[15] - The average daily toll revenue for the Longda Expressway was RMB 406,000 with a traffic volume of 159,000 vehicles for Q1 2024[14] Strategic Initiatives - The company plans to issue up to approximately 654 million A-shares, raising a total of up to 4.9 billion RMB for investment in external projects and repayment of interest-bearing debts[21] - The public REIT "Yifangda Shen Gaoshu REIT" raised a total of 2.0475 billion RMB, with a final sale price of 6.825 RMB per share, and the company participated in a strategic placement of 120 million shares, accounting for 40% of the total[21] - The company completed the acquisition of 100% equity in Zhangshu Gaochuan New Energy Co., Ltd. on December 1, 2023, which will be included in the consolidated financial statements[20] - The company reduced its stake in the Yichang project from 100% to 40% as of March 21, 2024, and will no longer consolidate its financial statements[16] Inventory and Borrowings - The company’s inventory decreased slightly to approximately 1.34 billion RMB as of March 31, 2024, from approximately 1.36 billion RMB at the end of December 2023, a decline of about 1.3%[23] - The company’s short-term borrowings increased to approximately 11.32 billion RMB as of March 31, 2024, compared to approximately 11.11 billion RMB at the end of December 2023, an increase of about 1.9%[24] - The company has invested 150 million RMB in low-risk financial products during the reporting period, generating a return of approximately 1.79 million RMB[21]

智通财经APP讯，深圳高速公路股份(00548)发布公告，根据公司于近日收到的《关于同意深圳高速公路 集团股份有限公司向专业投资者公开发行公司债券注册的批复》(证监许可[2024]576 号)(该批复)，中国 证券监督管理委员会已同意公司向专业投资者公开发行面值总额不超过人民币 80 亿元的公司债券(公司 债券)的注册申请。根据该批复，公司可自该批复之日起 24 个月内分期发行公司债券。公司债券的发行 应根据公司债券的募集说明书进行。 ...

Financial Performance - The company achieved operating revenue of RMB 9,295,304,371.69 in 2023, a decrease of 0.82% compared to RMB 9,372,582,546.59 in 2022, but a growth of 3.16% when excluding the impact of the Wuhuang Expressway[5]. - Net profit attributable to shareholders reached RMB 2,327,197,196.81, representing a 15.41% increase from RMB 2,016,496,533.08 in 2022[6]. - The total assets at the end of 2023 were RMB 67,507,469,090.77, a decrease of 2.45% from RMB 69,204,698,015.50 in 2022[6]. - The equity attributable to shareholders increased by 4.73% to RMB 22,357,997,457.11 from RMB 21,348,467,566.83 in 2022[6]. - The net cash flow from operating activities was RMB 4,094,812,227.87, reflecting a 21.53% increase from RMB 3,369,490,111.19 in 2022[6]. - Basic earnings per share increased by 17.04% to RMB 0.982 from RMB 0.839 in 2022[6]. - The company reported a significant increase of 82.38% in net profit attributable to shareholders after excluding non-recurring gains and losses, reaching RMB 2,240,100,027.08[6]. - The company plans to distribute a cash dividend of RMB 0.55 per share for the fiscal year 2023, totaling approximately RMB 1,199,423,679.30, up from RMB 0.462 per share in 2022[4]. Business Operations - The company's main revenue and profit sources are from toll road operations and investments, with increasing contributions from the environmental protection business[12]. - The company operates 16 toll road projects with a total controlled mileage of approximately 660 kilometers, primarily located in Shenzhen and the Guangdong-Hong Kong-Macao Greater Bay Area, indicating strong regional advantages[16]. - The company is focusing on expanding its dual main business areas of toll roads and environmental protection, while also extending its services in infrastructure management and digital technology[11]. - The company is actively developing project management and financial services based on its core business operations[12]. - The company is committed to enhancing its operational development space by integrating various service-oriented businesses[11]. Market Environment - In 2023, China's GDP reached 126.06 trillion yuan, reflecting a year-on-year growth of 5.2%, which supports stable growth in logistics and transportation demand[14]. - The total import and export value of China's foreign trade in 2023 was 41.76 trillion yuan, with a year-on-year growth of 0.2%, indicating resilience in the economy[14]. - The geopolitical tensions and global inflation risks have accelerated changes in the global economic landscape, impacting the company's operational environment[14]. Environmental Initiatives - The environmental protection business includes solid waste resource processing and clean energy generation, which are gradually contributing to the company's revenue[12]. - The company is focusing on solid waste resource treatment and clean energy generation, aligning with national policies supporting ecological civilization construction[17]. - The company is leveraging its resource advantages and operational management model to expand into the environmental protection and clean energy sectors through strategic partnerships and acquisitions[17]. Traffic and Toll Revenue - The average daily traffic volume for the Yichang project increased by 10.4% to 61 thousand vehicles, with toll revenue rising by 11.7% to RMB 1,184 thousand[26]. - The average daily traffic volume for the Changsha Ring Road grew by 16.6% to 96 thousand vehicles, while toll revenue increased by 12.2% to RMB 730 thousand[26]. - The overall toll revenue in the Shenzhen area increased by over 18% during the reporting period[30]. - The average daily traffic volume for the Guangshen Expressway rose by 19.9% to 632 thousand vehicles, with toll revenue increasing by 28.1% to RMB 7,924 thousand[28]. Investment and Financing - The company plans to issue up to approximately 654 million A-shares to raise a total of no more than RMB 4.9 billion for the investment in the Outer Ring project and repayment of interest-bearing debts[35]. - The company has maintained a high credit rating and good relationships with financial institutions, ensuring smooth financing channels for development[65]. - The company has secured contracts worth approximately RMB 29 million for road maintenance projects, demonstrating strong performance in operational management[53]. Digital Transformation - The company has developed a road network monitoring and command scheduling system platform, which is now operational, enhancing network operation monitoring and management[16]. - The company is promoting the application of smart technologies in the transportation sector, responding to government initiatives for modernization[15]. - The group is advancing digital transformation by integrating innovative technologies into traditional highway construction and environmental protection operations[24]. Future Outlook - The company plans to enhance digital transformation in financial management to improve budget management and reduce financial risks[114]. - The company aims to expand its toll road business through new construction and renovation projects, with major projects like the Outer Ring Phase III expected to commence construction within the year[114]. - The company expects stable main business revenue and operating costs for 2024, focusing on cost reduction and efficiency improvement in the toll road business[114].

Financial Performance - Operating revenue for Q3 2023 was RMB 2.25 billion, down 11.98% compared to RMB 2.55 billion in Q3 2022[6] - Net profit attributable to shareholders for Q3 2023 was RMB 609.62 million, a significant decline of 47.87% from RMB 1.16 billion in Q3 2022[6] - The basic earnings per share for Q3 2023 was RMB 0.258, down 49.90% from RMB 0.512 in Q3 2022[7] - The weighted average return on net assets decreased to 3.29% in Q3 2023, down 2.68 percentage points from 6.11% in Q3 2022[7] - Net profit attributable to shareholders decreased by 47.87% in the current reporting period[10] - Basic earnings per share for the current reporting period fell by 49.90%[10] - Total operating revenue for the first nine months of 2023 was RMB 6,371,288,240, a decrease of 4.14% compared to RMB 6,646,320,880 in the same period of 2022[26] - Net profit attributable to shareholders for the first nine months of 2023 was RMB 1,538,899,495.84, a decline of 23.7% from RMB 2,018,234,710.82 in 2022[26] Assets and Liabilities - As of September 30, 2023, total assets amounted to RMB 67.36 billion, a decrease of 2.67% from RMB 69.20 billion at the end of 2022[4] - Total liability of RMB 40,129,397,053.23 as of September 30, 2023, down from RMB 41,840,560,313.98 at the end of 2022[25] - Current liabilities decreased to RMB 20,956,932,131.97 from RMB 23,243,350,594.23, reflecting a reduction of 9.83%[25] - Total current assets decreased from 9.3 billion RMB on December 31, 2022, to 8.21 billion RMB as of September 30, 2023, representing a decline of approximately 11.6%[24] - Cash and cash equivalents decreased from 3.64 billion RMB to 3.41 billion RMB, a decline of about 6.2%[24] - Long-term receivables increased from 2.15 billion RMB to 2.27 billion RMB, an increase of approximately 5.5%[24] Cash Flow - The net cash flow from operating activities for the first nine months of 2023 was RMB 2.99 billion, an increase of 15.67% from RMB 2.59 billion in the same period of 2022[5] - Cash inflow from operating activities for January to September 2023 was RMB 6,171,271,475.15, an increase from RMB 5,905,977,990.46 in the same period of 2022, representing a growth of approximately 4.5%[28] - Net cash flow from operating activities increased to RMB 2,992,715,053.98 in 2023 from RMB 2,587,314,668.15 in 2022, reflecting a growth of about 15.7%[28] - Cash inflow from investment activities surged to RMB 3,247,585,255.61 in 2023, compared to RMB 1,615,388,068.45 in 2022, marking a significant increase of approximately 100.9%[28] - Cash inflow from financing activities decreased to RMB 17,117,634,438.95 in 2023 from RMB 20,058,047,950.17 in 2022, a decline of about 9.7%[28] - Net cash flow from financing activities worsened to -RMB 3,276,066,981.44 in 2023, compared to -RMB 1,106,442,440.92 in 2022, indicating a deeper cash outflow[28] Shareholder Information - The total number of shareholders as of the reporting period was 15,329, with 15,085 being A-share shareholders[11] - HKSCC Nominees Limited holds 33.47% of the shares, making it the largest shareholder[12] Project and Investment Updates - The company plans to invest approximately RMB 8.447 billion in the third phase of the Outer Ring Expressway project, which is expected to enhance the overall economic and social benefits of the project[19] - The company has approved a plan to issue up to 654,231,097 A-shares, aiming to raise no more than RMB 6.5 billion for investment in the Outer Ring project and debt repayment[20] - The company is actively promoting the REITs pilot application for the Yiyang to Changde Expressway, which is expected to enhance infrastructure investment opportunities[20] - The company is collaborating with Shenzhen City on the PPP project for the Jihe Expressway, which has been terminated but is under review for adjustments[19] Revenue from Projects - The organic waste treatment projects processed a total of 318.31 thousand tons in Q3 2023, with a revenue of RMB 147,302.18 thousand for the first nine months of 2023[16] - The total operating revenue from the organic waste treatment projects for the first nine months of 2023 reached RMB 412,671.97 thousand, showing significant growth compared to previous periods[16] - The wind power projects generated 150,169.65 MWh of electricity in Q3 2023, contributing RMB 44,398.50 thousand in revenue for the same period[17] - The company’s total electricity generation from wind power projects for the first nine months of 2023 was 1,346,000 MWh, with total revenue of RMB 373,000 thousand[17][18] Financial Instruments and Bonds - The company issued a total of 1.5 billion RMB in super short-term financing bonds on August 10, 2023, with a maturity of 270 days and an interest rate of 2.25%[21] - The company has a total medium-term note registration quota of 5 billion RMB, and issued 1 billion RMB in medium-term notes on September 4-5, 2023, with a maturity of 5 years and an interest rate of 3.05%[22] - The company issued green corporate bonds worth 550 million RMB on October 17-18, 2023, with a maturity of 3 years and an interest rate of 2.88%[22] - The company has a total of 41 billion RMB in green bond issuance capacity available within 24 months from the approval date[22] - The company has no overdue principal or income from its financial products as of the end of the reporting period[21] Research and Development - The company reported a significant decrease in research and development expenses to RMB 19,799,494.56 from RMB 26,730,061.43, indicating a strategic shift in investment[26]