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 等內容而引致之任何損失承擔任何責任。 安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） 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13.10(B)條而作出。 茲載列安徽皖通高速公路股份有限公司（「本公司」）在中國大陸報章及上海證券交 易所網站發佈的的公告如下，僅供參閱。 關於業績說明會召開情況的公告 承董事會命 安徽皖通高速公路股份有限公司 公司秘書 李忠成 2025年4月29日 中國安徽省合肥市 截止本公告日，本公司董事會成員包括執行董事汪小文（主席）、余泳、陳季平及吳長明；非執行 董事楊旭東及杜漸；以及獨立非執行董事章劍平、盧太平及趙建莉。 | 证券代码：600012 | 证券简称：皖通高速 | 公告编号：临2025-019 | | --- | --- | --- | | 债券代码：242121 | 债券 ...

Group 1 - The stock price of Anhui Wantuo Expressway (00995.HK) closed at HKD 11.760 on April 29, reflecting a 1.03% increase from the previous trading day, with an intraday high of HKD 11.960, marking a new high in nearly a year [1] - The net capital inflow on that day was HKD 0.535 million, with a total of HKD 5.774 million flowing in and HKD 5.239 million flowing out [1] Group 2 - Anhui Wantuo Expressway Co., Ltd. was established on August 15, 1996, and is the first expressway company listed in Hong Kong, as well as the only publicly listed expressway company in Anhui Province [2] - The company primarily engages in the investment, construction, operation, and management of toll roads within Anhui Province, generating revenue through toll fees for vehicles [2] - The company owns or has partial rights to several expressways in Anhui, including the G40 Huhang Expressway, G50 Huhang Expressway segments, and the Anqing Yangtze River Bridge, among others [2] - The company also provides management services for approximately 4,163 kilometers of expressways on behalf of Anhui Transportation Holding Group and its subsidiaries [2] - Additionally, the company is exploring advertising, quasi-financial services, and fund investment businesses to expand its profit margins and achieve sustainable development [2]

Financial Performance - The company's operating revenue for the first quarter of 2025 reached RMB 2,821,340,301.98, representing a 95.33% increase compared to RMB 1,286,864,373.72 in the same period last year[9] - Net profit attributable to shareholders was RMB 551,150,344.38, a 5.19% increase from RMB 459,671,340.30 year-on-year[9] - Basic and diluted earnings per share increased to RMB 0.3323, up 5.19% from RMB 0.2771 in the same period last year[9] - The company reported total revenue of RMB 2,821,340,301.98 for Q1 2025, a significant increase of 95.1% compared to RMB 1,444,388,625.27 in Q1 2024[43] - The company reported a net profit of RMB 13,538,910.64 for Q1 2025, compared to RMB 11,830,380.30 in Q1 2024, reflecting an increase of 14.5%[43] - Operating profit for Q1 2025 was approximately ¥746.77 million, an increase of 4.82% compared to ¥712.29 million in Q1 2024[44] - Net profit for Q1 2025 reached ¥554.81 million, up 2.67% from ¥539.01 million in Q1 2024[44] - Total comprehensive income for Q1 2025 was ¥498.40 million, a decrease of 7.54% from ¥539.01 million in Q1 2024[45] Cash Flow and Investments - The net cash flow from operating activities was RMB 870,334,507.72, reflecting a 10.17% increase from RMB 674,132,876.34 in the previous year[9] - Cash flow from operating activities for Q1 2025 was ¥870.33 million, an increase of 10.16% compared to ¥790.00 million in Q1 2024[48] - Cash flow from investing activities for Q1 2025 showed a net outflow of ¥633.15 million, worsening from a net outflow of ¥139.27 million in Q1 2024[48] - Cash flow from financing activities for Q1 2025 resulted in a net inflow of ¥452.99 million, compared to a net inflow of ¥225.45 million in Q1 2024, indicating a significant increase[49] - The company received cash from borrowings amounting to ¥5.08 billion in Q1 2025, a substantial increase from ¥400 million in Q1 2024[49] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 29,001,383,861.13, marking a 5.46% increase from RMB 24,414,336,538.24 at the end of the previous year[12] - The company's total liabilities increased to RMB 15,370,624,468.73 as of March 31, 2025, compared to RMB 9,596,629,676.59 at the end of 2024, marking a rise of 60.5%[40] - The company's non-current assets totaled RMB 23,713,611,387.73 as of March 31, 2025, up from RMB 21,861,490,305.89 at the end of 2024, indicating an increase of 8.4%[39] - The company's equity attributable to shareholders decreased to RMB 12,100,900,720.63 as of March 31, 2025, from RMB 16,376,960,138.34 at the end of 2024, a decline of 26.2%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,889[18] - The top shareholder, Anhui Provincial Transportation Holding Group, holds 524,644,220 shares, accounting for 31.63% of the total[19] - The company has no known related relationships among the top shareholders, ensuring independent shareholder actions[23] Traffic and Toll Revenue - The average daily traffic volume for the He Ning Expressway increased by 11.28% year-on-year, with toll revenue reaching RMB 377.86 million, up 9.33%[25] - The Xuan Guang Expressway reported a 17.23% increase in traffic volume, with toll revenue rising by 34.26% to RMB 10.38 million[25] - The total toll revenue for the reporting period was RMB 1,292.68 million, reflecting a 9.07% increase compared to the previous year[25] Policy and Discounts - The total amount of policy-based fee reductions during the reporting period reached RMB 264 million, including RMB 39 million for approximately 52,700 vehicles in the green channel[26] - During the Spring Festival, the traffic flow of small passenger cars (7 seats or fewer) on the company's managed roads reached 3.1967 million vehicles, resulting in a fee exemption of approximately RMB 137 million[26] - The ETC discount amounted to RMB 82 million, with RMB 47 million attributed to the Anhui transportation card for trucks, accounting for 57.14% of the total ETC reductions[26] - The company implemented a toll discount policy effective April 1, 2025, offering a 15% discount for certain vehicles on most highways in Anhui Province[35] Acquisitions and Projects - The company completed the acquisition of 100% equity in two subsidiaries, which are now fully owned, impacting the financial data for the first quarter of 2025[12] - Following the acquisition of 100% equity in Anhui Fuzhou Expressway Co., Ltd. and Anhui Sixu Expressway Co., Ltd., the company's total highway mileage increased to 745 kilometers[34] - The estimated total investment for the G50 Hu-Yu Expressway expansion project is RMB 12.303 billion, with the company's own capital contribution of approximately RMB 2.461 billion, representing 20% of the total investment[29] - The estimated total investment for the S62 Bozhou to Dancheng Expressway project is approximately RMB 3.08 billion, with the company's capital contribution of about RMB 215.6 million[34] Financial Activities - The company completed the issuance of RMB 2 billion rural revitalization corporate bonds, with a total issuance scale of RMB 1.3 billion at a coupon rate of 1.99% and RMB 700 million at a rate of 2.15%[32] - The company participated in a specific A-share stock issuance project, with an investment amount of RMB 503 million[15] - The company participated in the subscription of shares in Shenzhen Expressway Group, investing RMB 502.82 million for 38,179,196 shares at a price of RMB 13.17 per share, resulting in a 1.50% stake in the company[33]

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 21.75 CNY, representing a 25% upside from the current price of 17.45 CNY [2][10]. Core Viewpoints - The report emphasizes that high-quality development of listed companies is the foundation of market value management, highlighting that 安徽省内唯一的公路类上市公司 (the only highway listed company in Anhui Province) has a leading ROE of 12.8% in 2024, placing it among the top three in the industry [6][8]. - The report discusses the importance of shareholder returns and increasing dividend ratios as effective methods for achieving positive feedback in market value management, noting that since the company increased its dividend payout ratio in 2021, its market value has significantly improved [11][60]. - The support from major shareholders and the company's proactive efforts to strengthen its platform for sustainable development are also highlighted as key factors in enhancing market value potential [11][60]. Financial Performance Summary - The company is projected to achieve total revenue of 7,092 million CNY in 2024, with a year-on-year growth of 6.9%. However, a decline of 5.0% is expected in 2025, followed by a recovery in 2026 and 2027 with growth rates of 2.1% and 6.5%, respectively [2][23]. - The net profit attributable to shareholders is forecasted to be 1,669 million CNY in 2024, with a slight increase of 0.5% year-on-year. The net profit is expected to grow by 11.7% in 2025 and 6.8% in 2026, before declining by 2.5% in 2027 [2][30]. - The company maintains a healthy financial structure with an asset-liability ratio of 39.13% in 2024, which is relatively stable compared to other major companies in the industry [2][34]. Market Position and Competitive Advantage - The company operates approximately 609 kilometers of toll roads and manages a total of 5,411 kilometers, showcasing its significant presence in the Anhui province highway sector [6][16]. - The report notes that the company's toll revenue per kilometer is among the highest in the industry at 629,000 CNY/km, compared to the industry average of 517,000 CNY/km in 2024, indicating a competitive advantage in pricing [8][45]. - The top three revenue-generating toll roads contribute 71.57% of the company's gross profit, demonstrating the importance of these assets to overall financial performance [40][43]. Investment Recommendations - The report suggests that the company will maintain a dividend payout ratio of no less than 60% from 2025 to 2027, which is expected to yield a dividend yield of 3.9% based on projected net profits [10][11]. - The anticipated acquisitions of 阜周公司 and 泗许公司 in 2025 are expected to further enhance the company's revenue and profit potential, contributing positively to its financial outlook [9][10].

Financial Performance - The company's operating revenue for Q1 2025 reached ¥2,821,340,301.98, representing a 95.33% increase compared to ¥1,286,864,373.72 in the same period last year[4] - Net profit attributable to shareholders was ¥551,150,344.38, a 5.19% increase from ¥459,671,340.30 year-on-year[4] - Basic and diluted earnings per share both stood at ¥0.3323, up 5.19% from ¥0.2771 in the same period last year[5] - Total revenue for Q1 2025 reached CNY 2,821,340,301.98, a significant increase of 95.1% compared to CNY 1,444,388,625.27 in Q1 2024[36] - Net profit for Q1 2025 was CNY 554,813,222.40, representing a slight increase of 2.5% from CNY 539,006,430.21 in Q1 2024[37] Cash Flow and Liquidity - The net cash flow from operating activities was ¥870,334,507.72, reflecting a 10.17% increase from ¥674,132,876.34 in the previous year[5] - Operating cash flow for Q1 2025 was CNY 870,334,507.72, an increase from CNY 790,001,454.11 in Q1 2024, representing a growth of approximately 10.4%[40] - Cash and cash equivalents rose to CNY 4,974,667,815.13 from CNY 4,820,589,842.07 at the end of 2024[33] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 2,848,505,391.76, compared to CNY 1,838,557,023.85 at the end of Q1 2024, representing an increase of approximately 55.0%[41] Assets and Liabilities - Total assets increased by 5.46% to ¥29,001,383,861.13 from ¥24,414,336,538.24 at the end of the previous year[5] - Total liabilities increased to CNY 15,370,624,468.73 as of March 31, 2025, compared to CNY 9,596,629,676.59 at the end of 2024[34] - Long-term borrowings increased to CNY 9,322,355,476.36 as of March 31, 2025, compared to CNY 6,382,090,813.04 at the end of 2024[34] Operational Highlights - The company completed the acquisition of 100% equity in two highway companies, which will enhance its operational capacity and market presence[6] - The company’s construction service revenue increased significantly due to the completion of the Xuan-Guang Highway expansion project, contributing to the rise in operating income[10] - The average daily traffic volume for the G50 Hu-Yu Expressway from Guangde to Xuancheng was 52,896 vehicles, representing an increase of 11.28% compared to the same period last year[17] - The company reported a 17.23% increase in traffic volume for the Xuan-Guang Expressway, with an average daily traffic of 24,456 vehicles[17] Toll Revenue and Policies - The total toll revenue for the same expressway was RMB 37.79 million, up 9.33% year-on-year[17] - The company provided a total of RMB 264 million in policy-related fee reductions during the reporting period, including RMB 39 million for green channel vehicles[18] - The company has implemented an 85% discount policy for trucks using Anhui Transportation Cards, which has attracted more trucks to use the expressways[18] - The company has reduced tolls for small passenger vehicles during the Spring Festival, resulting in a waived amount of approximately RMB 137 million[18] Investments and Acquisitions - The estimated total investment for the G50 Hu-Yu Expressway expansion project is RMB 12.303 billion, with a capital contribution of approximately RMB 2.461 billion, accounting for 20% of the total investment[21] - The company won the bid for the S62 Bozhou to Dancheng Expressway project, with an estimated total investment of approximately RMB 3.08 billion, and the company's capital contribution is about RMB 215.6 million[26] - The company completed the acquisition of 100% equity in Anhui Fuzhou Expressway Co., Ltd. and Anhui Sixu Expressway Co., Ltd., increasing its total highway mileage to 745 kilometers[28] - The company issued RMB 2 billion in rural revitalization bonds, with the first tranche having a total issuance of RMB 1.3 billion at a coupon rate of 1.99%[23][24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,889, with 15,829 A-share shareholders and 60 H-share shareholders[15] - The company's major shareholders include Anhui Provincial Transportation Holding Group Co., Ltd., holding 31.63% of shares, and HKSCC NOMINEES LIMITED, holding 29.49%[15] Other Financial Metrics - The company reported non-recurring gains of ¥82,620,180.29, primarily from government subsidies and fair value changes of financial assets[8] - The company reported a decrease in other comprehensive income, with a net loss of CNY 56,409,762.09 in Q1 2025[37] - The total equity attributable to shareholders decreased to CNY 12,100,900,720.63 from CNY 16,376,960,138.34 at the end of 2024[34]

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 等內容而引致之任何損失承擔任何責任。 安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） 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13.10(B)條而作出。 茲載列安徽皖通高速公路股份有限公司（「本公司」）在中國大陸報章及上海證券交 易所網站發佈的的公告如下，僅供參閱。 關於召開業績說明會的公告 承董事會命 安徽皖通高速公路股份有限公司 关于召开业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 会议召开时间：2025 年 4 月 29 日（星期二）15:00-16:00 公司秘書 李忠成 2025年4月22日 中國安徽省合肥市 截止本公告日，本公司董事會成員包括執行董事汪小文（主席）、 ...

本文源自：金融界 截至4月22日收盘，安徽皖通高速公路（00995.HK）报11.520港元，较上个交易日上涨0.17%，当日盘中 最高价触及11.800港元，创近一年新高。 资金流向方面，当日主力流入323.172万港元，流出407.836万港元，净流出84.66万港元。 安徽皖通高速公路股份有限公司("本公司")于1996年8月15日在中华人民共和国安徽省注册成立,是中国 第一家在香港上市的公路公司,亦为安徽省内唯一的公路类上市公司。1996年11月13日本公司发行的 4.9301亿股H股在香港联合交易所有限公司上市。2003年1月7日本公司发行的2.5亿股A股在上海证券交 易所上市。。本公司的主营业务为投资、建设、运营及管理安徽省境内的部分收费公路。本公司通过投 资建设、收购或合作经营等多种方式获得经营性公路资产,为过往车辆提供通行服务,按照收费标准收取 车辆通行费,并对运营公路进行养护维修和安全维护。收费公路是周期长、规模大的交通基础设施,具有 资金密集型特点,投资回收期长,收益相对比较稳定。本公司拥有合宁高速公路(G40沪陕高速合宁段)、 205国道天长段新线、高界高速公路(G50沪渝高速高界段)、 ...

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。 安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） 董事會召開日期 安徽皖通高速公路股份有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，定於 2025年4月28日（星期一）舉行董事會會議，以審議及批准本公司及其附屬公司截至 2025年3月31日止第一季度未經審計業績及其他相關事項（如適用）。 承董事會命 安徽皖通高速公路股份有限公司 公司秘書 李忠成 中國安徽省合肥市 2025年4月14日 截至本公告日，董事會成員包括執行董事汪小文（主席）、余泳、陳季平及吳長明； 非執行董事楊旭東及杜漸；以及獨立非執行董事章劍平、盧太平及趙建莉。 ...

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 等內容而引致之任何損失承擔任何責任。 安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） (1)第十屆董事會第十一次會議決議公告 (2)關於增發H股股份暨關聯交易的公告 (3)關於股東回報規劃（2025–2027年）的公告 承董事會命 安徽皖通高速公路股份有限公司 公司秘書 海外監管公告 李忠成 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10(B)條而作出。 2025年4月11日 茲載列安徽皖通高速公路股份有限公司（「本公司」）在中國大陸報章及上海證券交 易所網站發佈的的公告如下，僅供參閱。 截止本公告日，本公司董事會成員包括執行董事汪小文（主席）、余泳、陳季平及吳長明；非執行 董事楊旭東及杜漸；以及獨立非執行董事章劍平、盧太平及趙建莉。 | 股票代码：600012 | 股票简称：皖通高速 | | | 编号：临 | 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，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等 內容而引致的任何損失承擔任何責任。 本規劃仍須經股東在本公司股東大會上批准。載有（其中包括）本規劃詳情之通函 及股東大會通告將於適當時候寄發予股東。 安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） 關於建議股東回報規劃（2025–2027年）的公告 安徽皖通高速公路股份有限公司（「本公司」）董事會（「董事會」）謹此公佈，董事會 於2025年4月11日通過三年（2025年至2027年）股東回報規劃（「規劃」）。根據中國 證券監督管理委員會《關於進一步落實上市公司現金分紅有關事項的通知》、《上市 公司監管指引3號－上市公司現金分紅》以及本公司章程細則（「公司章程」）的相關 規定，本公司制定了本規劃。 根據本規劃，本公司可以現金、股票或現金與股票相結合的方式或相關法律、法 規、規章及規範性文件准許的其他方式進行利潤分配。在2025年 ...