於中華人民共和國註冊成立的股份有限公司 2024 年 度 報 告 Qilu Expressway Company Limited 齊魯高速公路股份有限公司 Annual Report 年度報告 2024 目錄 | 定義及技術語表 | 2 | | --- | --- | | 公司資料 | 10 | | 董事長致辭 | 12 | | 財務摘要 | 15 | | 管理層討論與分析 | 16 | | 企業管治報告 | 27 | | 董事、監事及高級管理人員簡介 | 54 | | 董事會報告 | 73 | | 監事會報告 | 110 | | 獨立核數師報告 | 113 | | 合併損益及其他綜合收益表 | 118 | | 合併財務狀況表 | 119 | | 合併權益變動表 | 121 | | 合併現金流量表 | 122 | | 財務報表附註 | 124 | 二零二四年年度報告 2 定義及技術語表 「2024年度股東會」 本公司將於2025年6月26日（星期四）召開及舉行之2024年度股東會 或其續會 「2024年度末期股息」 董事會建議以每股人民幣0.1元（含稅）現金股息形式向股東支付的末 期股息 「2024年至202 ...

Financial Performance - Revenue increased by approximately 25.19% to approximately RMB 7,021,823 thousand[3] - Profit attributable to owners of the parent decreased by approximately 7.74% to approximately RMB 484,586 thousand[3] - Earnings per share was approximately RMB 0.23, down from RMB 0.25 in the previous year[4] - Total other income and gains increased to RMB 107,465 thousand in 2024 from RMB 71,454 thousand in 2023, representing a growth of 50.4%[31] - Pre-tax profit decreased to RMB 657,269 thousand in 2024 from RMB 713,591 thousand in 2023, a decline of 7.9%[36] - The net profit for Jinan Xinyue in 2024 was RMB 2,003,000, down 55.7% from RMB 4,519,000 in 2023[45] - The net profit attributable to the parent company was approximately RMB 484,586 thousand, a decrease of about 7.74% from RMB 525,260 thousand last year, mainly due to reduced toll revenue from the Jizhao Highway expansion project[78] Revenue Breakdown - Customer contract revenue reached RMB 7,020,098,000, with significant contributions from construction and other services amounting to RMB 5,975,302,000[27] - Revenue from highway operations was RMB 1,044,796,000, while construction and other businesses contributed RMB 5,975,302,000[27] - The construction and other business segment generated revenue of approximately RMB 5,975,302 thousand, up about 33.92% from RMB 4,461,812 thousand last year, driven by the expansion project and other construction activities[69] - The company's revenue for 2024 was RMB 43,807,000, a decrease of 1.7% from RMB 44,555,000 in 2023[45] Assets and Liabilities - Total non-current assets increased to RMB 19,013,898 thousand from RMB 12,601,803 thousand[5] - Total current liabilities rose significantly to RMB 4,851,534 thousand from RMB 1,722,537 thousand[6] - Net current liabilities amounted to RMB 2,789,814 thousand compared to net current assets of RMB 182,692 thousand in the previous year[6] - Total assets less current liabilities increased to RMB 16,224,084 thousand from RMB 12,784,495 thousand[6] - Total equity attributable to owners of the parent increased to RMB 6,083,759 thousand from RMB 5,924,955 thousand[6] Financial Reporting Standards - The group has adopted new and revised Hong Kong Financial Reporting Standards, including HKFRS 16 and HKAS 1, with no impact on the financial position or performance[12] - The group has reassessed its liability terms and conditions as of January 1, 2023, and found that the classification of liabilities remains unchanged after the initial application of the revisions[12] - The company expects no significant impact on its financial statements from the recent amendments to Hong Kong Financial Reporting Standards[22] - The amendments to financial reporting standards clarify the treatment of financial assets and liabilities, with no expected significant impact on the group's financial statements[21] Dividends - Proposed final dividend for the year 2024 is RMB 0.1 per share (tax included)[3] - Proposed final dividend per ordinary share is RMB 0.100 in 2024, down from RMB 0.150 in 2023, reflecting a total of RMB 200,000 thousand compared to RMB 300,000 thousand in the previous year[36] - The board of directors proposed a final cash dividend of RMB 0.1 per share, totaling RMB 200,000,000 for the fiscal year ending December 31, 2024[107] - The dividend distribution plan will be submitted for approval at the 2024 Annual General Meeting scheduled for June 26, 2025[108] Investments and Projects - The company has made significant investments in urban renewal projects, including RMB 400,000,000 in a comprehensive development project and RMB 280,000,000 in a marine information industry project[51] - The company invested RMB 100,000,000 in the Pingdu Water Supply Pipeline project with a fixed return rate of 10%, expecting a total amount of RMB 101,190,000 by December 31, 2024[52] - The Jinan to Heze expressway expansion project has a total estimated investment of RMB 18.6 billion and spans 152.7 kilometers, expanding from a four-lane to an eight-lane highway[95] - The group achieved a cumulative investment completion of RMB 13.096 billion for the Jinan to Heze expressway expansion project by the end of 2024, with RMB 4.151 billion invested in 2024 alone[96] Employee and Operational Metrics - Employee compensation expenses totaled approximately RMB 230,855 thousand, an increase from RMB 203,667 thousand in the previous year[82] - The group employed a total of 672 employees as of December 31, 2024, down from 696 employees as of December 31, 2023[82] - The average daily traffic for Jizhao Expressway was approximately 37,233 vehicles, while for Deshang Expressway it was about 54,997 vehicles, and for Xinnan Expressway it was around 11,006 vehicles[87] Compliance and Governance - The company has adopted all applicable provisions of the Corporate Governance Code and has complied with the standards set forth[104] - The company has confirmed compliance with the standards for securities transactions by directors and supervisors[105]

Qilu Expressway Company Limited 齊魯高速公路股份有限公司 於中華人民共和國註冊成立的股份有限公司 Interim Report 中期報告 2024 股份代號：1576 中 期 報 告 2024 目錄 2 釋義 公司資料 管理層討論與分析 其他資料 獨立審閱報告 中期簡明合併損益及綜合收益表 中期簡明合併財務狀況表 中期簡明合併權益變動表 中期簡明合併現金流量表 中期簡明合併財務資料附註 | --- | |-------| | | | 5 | | 7 | | 18 | | 23 | | 24 | | 25 | | 27 | | 28 | | 30 | 釋義 在本報告中，除非文義另有所指，下列詞語具有如下含義： 「2023年度股東大會」 本公司於2024年6月26日召開及舉行之2023年度股東大會 「審計委員會」 董事會審計委員會 「董事會」 本公司董事會 「本公司」 齊魯高速公路股份有限公司，於2016年12月6日在中國成立的股份有限公司 「公司法」 《中華人民共和國公司法》 「控股股東」 具有《上市規則》賦予該詞彙的涵義 「《企業管治守則》」 載於《上市規則》附錄C1的《企業管 ...

Financial Performance - The company reported unaudited interim results for the six months ended June 30, 2024, with a focus on compliance with Hong Kong Stock Exchange regulations[1]. - The company's operating revenue for the reporting period was approximately RMB 2,807,598 thousand, an increase of about 69.45% compared to RMB 1,656,842 thousand in the same period last year[13]. - The company reported a total revenue of approximately RMB 2,807,598 thousand, representing a year-on-year increase of about 69.45%[29]. - The gross profit was approximately RMB 356,274 thousand, reflecting a year-on-year decline of about 20.98%, with a gross margin of 12.69%, down approximately 15 percentage points from 27.21% in the previous year[29]. - The net profit attributable to the parent company was approximately RMB 248,588 thousand, a decrease of about 17.27% from RMB 300,473 thousand in the same period last year[21]. - The total comprehensive income for the six months ended June 30, 2024, was RMB 248,588 thousand, compared to RMB 300,473 thousand for the same period in 2023, reflecting a decrease of approximately 17.24%[57]. - Basic earnings per share for the period was RMB 0.12, compared to RMB 0.15 in the same period last year, reflecting a 20% decrease[54]. - The company reported a decrease in pre-tax profit to RMB 334,469 thousand for the six months ended June 30, 2024, down from RMB 401,583 thousand in the previous year, representing a decline of approximately 16.67%[58]. - The total income tax expense for the period was RMB 81,604,000, compared to RMB 103,238,000 for the same period in 2023, indicating a decrease of 21%[72]. Revenue Sources - Toll revenue from the Jizhao Expressway was approximately RMB 230,140 thousand, a decrease of about 33.79% from RMB 347,572 thousand in the previous year[13]. - Revenue from the Deshang Expressway (Liaocheng to Fan County section) was approximately RMB 230,860 thousand, down about 7.46% from RMB 249,462 thousand year-on-year[13]. - Revenue from the Xinnan Expressway was approximately RMB 22,503 thousand, a decrease of about 13.58% from RMB 26,039 thousand in the same period last year[13]. - The company recorded construction and sales revenue of approximately RMB 2,322,692 thousand, an increase of about 125.03% from RMB 1,032,166 thousand year-on-year, mainly due to the Jizhao Expressway expansion project[13]. - Rental income for the reporting period was approximately RMB 992 thousand, a decrease of about 23.93% from RMB 1,304 thousand in the previous year, primarily due to reduced income from advertising and communication signal transmission pipeline rentals[14]. Traffic Volume - Daily traffic volume on the Jizhao Expressway decreased from approximately 48,300 vehicles to about 31,200 vehicles during the reporting period[13]. - Daily traffic volume on the Deshang Expressway decreased from approximately 58,700 vehicles to about 52,900 vehicles during the reporting period[13]. - Daily traffic volume on the Xinnan Expressway decreased from approximately 11,600 vehicles to about 10,100 vehicles during the reporting period[13]. - In the first half of 2024, traffic volume on Jihe Expressway, Deshan Expressway (Liaocheng to Fanxian section), and Xinnan Expressway was approximately 31,206 vehicles, 52,931 vehicles, and 10,109 vehicles per day, respectively[30]. Corporate Governance - The company is focused on maintaining compliance with corporate governance codes as outlined in the Hong Kong Stock Exchange regulations[5]. - The company is committed to maintaining high standards of corporate governance and has adopted all applicable provisions of the Corporate Governance Code[50]. - The board will continue to review and enhance its corporate governance system to ensure compliance with the Corporate Governance Code[50]. - The company has confirmed that all directors and supervisors complied with the standards of the Model Code regarding securities transactions during the reporting period[50]. - The company aims to enhance shareholder value and accountability through effective corporate governance systems[50]. Shareholder Information - The company has a significant shareholder, Shandong Expressway Co., Ltd., which holds approximately 38.93% of the issued shares[8]. - Major shareholders include Shandong Expressway holding 38.93% and China COSCO Shipping Group holding 30% of H-shares[43]. - The company reported a total of 121,500,000 shares held by three major shareholders, each representing approximately 6.08% of the total issued share capital[44]. - Prudential Corporation Holdings Limited and its affiliates collectively hold 103,750,000 shares, accounting for about 5.19% of the total issued share capital[44]. - The company has no treasury shares and did not engage in any stock transactions during the reporting period[47]. Investments and Projects - The company is involved in the operation and management of the Jinan to Heze Expressway, which spans approximately 153.6 kilometers[6]. - The company is actively involved in the expansion and improvement of expressway projects, including the Jinan to Heze expressway upgrade[6]. - The total investment for the Jihe Expressway expansion project is estimated at RMB 18.6 billion, with a total length of 152.7 kilometers, expanding from a four-lane to an eight-lane highway[36]. - As of the reporting period, the project has completed investments of approximately RMB 28.56 billion, with cumulative investments reaching RMB 118.01 billion[36]. - The project has achieved 94.83% completion for subgrade works, 89.36% for pavement works, and 90.02% for bridge and culvert works[36]. Employee Information - The company employed a total of 672 employees as of June 30, 2024, down from 702 employees a year earlier, with total employee compensation expenses of approximately RMB 108,201 thousand[25]. Cash Flow and Financial Position - Cash generated from operating activities for the six months ended June 30, 2024, was RMB 201,360 thousand, significantly lower than RMB 524,781 thousand in the previous year, indicating a decrease of approximately 61.73%[58]. - The company reported a net cash outflow from investing activities of RMB 1,542,214 thousand for the six months ended June 30, 2024, compared to RMB 1,686,598 thousand in the same period of 2023[59]. - Financing activities generated a net cash inflow of RMB 1,919,922 thousand for the six months ended June 30, 2024, an increase from RMB 1,028,525 thousand in the previous year[59]. - Total liabilities increased to RMB 10,644,842 thousand from RMB 8,455,016 thousand at the end of 2023, indicating a rise in financial obligations[56]. - The company reported a total dividend payable of RMB 225,000 thousand as of June 30, 2024, with no previous amount recorded as of December 31, 2023[93]. Related Party Transactions - The company engaged in significant transactions with related parties, indicating a strong reliance on these relationships for revenue generation and operational support[88]. - Total income from related party transactions was RMB 157,804,000, compared to RMB 103,013,000 in the same period last year, indicating a year-on-year increase of about 53%[88]. - The total expenses related to transactions with subsidiaries of the ultimate holding company were RMB 924,604,000, a substantial rise from RMB 291,510,000 in the previous year, reflecting an increase of approximately 216%[90].

Qilu Expressway Company Limited 齊 魯 高 速 公 路 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） 股份代號：1576 2023 年 報 目錄 定義及技術語表 2 公司資料 11 董事長致辭 13 財務摘要 16 管理層討論與分析 17 企業管治報告 28 董事、監事及高級管理人員簡介 55 董事會報告 75 監事會報告 116 獨立核數師報告 120 合併損益表 126 合併財務狀況表 127 合併權益變動表 129 合併現金流量表 130 財務報表附註 133 二零二三年年度報告 2 「2021年至2023年金融服務框架協議」 本公司與威海市商業銀行於2021年8月31日訂立的金融服務框架協議 「2021年至2023年綜合服務框架協議」 本公司與山東高速集團訂立的日期為2021年6月18日的協議，內容有 關於截至2023年12月31日止三個年度山東高速集團及其相關下屬單 位會向本集團提供公路業務經營綜合服務 「2023年度股東大會」 本公司將於2024年6月26日（星期三）召開及舉行之2023年度股東大 會或其續會 「2023年德上及莘南高速服務協議 ...

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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1576） 2023年度業績公告 及 建議派發2023年度末期股息 | --- | --- | |-------|---------------------------------------------------------------------------------| | | | | 概要 | | | • | 收入上升約 91.34% 至約人民幣 5,608,829 千元。 | | • | 歸屬於母公司擁有人的年內利潤及總綜合收益下降約 32.80% 至約人民幣 525,260 千元。 | | • | 每股盈利為約人民幣 0.25 元。 | | • | 建議派發 2023 年度末期股息每股人民幣 0.15 元（含稅）。 | 1 2023年度業績 533,903 780,056 歸屬於母公司普通股持有人的每股收益 基本 －年內利潤 8 人民 ...

智通财经APP讯，齐鲁高速(01576)发布公告，公司于2024年2月1日分别收到公司股东山东高速股份有限 公司及国能电力技术工程有限公司的通知，分别拟将其持有公司7.79亿股及1.22亿股境内未上市股(境内 未上市股)(合共为9亿股境内未上市股，为公司总股本中所有境内未上市股)转为公司境外上市股份(即公 司H股)，在联交所上市及流通(H股全流通)，并授权公司作出相关申请(转换及上市)。 截至本公告日期，公司尚未就H股全流通向中国证监会提出申请，且H股全流通以及转换及上市的实施 计划详情尚未落实。 ...

Qilu Expressway Company Limited 齊魯高速公路股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 股份代號：1576 2023 #期報告 目錄 5 7 17 22 中期簡明合併損益及綜合收益表 23 中期簡明合併財務狀況表 24 中期簡明合併權益變動表 26 27 2 釋義 公司資料 管理層討論與分析 其他資料 中期財務資料審閱報告 中期簡明合併現金流量表 29 中期簡明合併財務資料附註 釋義 在本報告中，除非文義另有所指，下列詞語具有如下含義： 「2022年度股東大會」 本公司於2023年6月27日召開及舉行之2022年度股東大會 「審計委員會」 董事會審計委員會 「董事會」 本公司董事會 「本公司」 齊魯高速公路股份有限公司，於2016年12月6日在中國成立的股份有限公司 「公司法」 《中華人民共和國公司法》 「控股股東」 具有《上市規則》賦予該詞彙的涵義 「《企業管治守則》」 載於《上市規則》附錄十四的《企業管治守則》 「德上及莘南高速」 德上高速（聊城至范縣段）和莘南高速的合稱 「德上高速（聊城至范縣段）」 一條起始於山東省聊城市高速西環，終於莘縣古城鎮與范縣顏村鋪 ...

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。 Qilu Expressway Company Limited 齊魯高速公路股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1576) 截至2023年6月30日止六個月之中期業績公告 齊魯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 公司及其附屬公司截至2023年6月30日止六個月之未經審計中期業績。本中期業 績公告列載本公司截至2023年6月30日止六個月之中期報告（「2023中期報告」）全 文，並符合香港聯合交易所有限公司證券上市規則中有關上市發行人中期業績初 步公告附載的資料之要求及已經本公司審計委員會審閱。 2023年中期報告的印刷版本將會隨後寄發予本公司股東，屆時亦可在披露易網 站 www.hkexnews.hk 及本公司網站 www.qlecl.com 閱覽。 承董事會命 齊魯高速公路股份有限公司 董事長 王振江 中國山東 2023年8月 ...

於中華人民共和國註冊成立的股份有限公司 2022 年 報 目錄 | 定義及技術語表 | 2 | | --- | --- | | 公司資料 | 10 | | 董事長致辭 | 12 | | 財務摘要 | 16 | | 管理層討論與分析 | 17 | | 企業管治報告 | 29 | | 董事、監事及高級管理人員簡介 | 54 | | 董事會報告 | 74 | | 監事會報告 | 114 | | 環境、社會及管治報告 | 117 | | 獨立核數師報告 | 182 | | 合併損益及其他綜合收益表 | 188 | | 合併財務狀況表 | 189 | | 合併權益變動表 | 191 | | 合併現金流量表 | 192 | | 財務報表附註 | 195 | 二零二二年年度報告 2 定義及技術語表 「2021年至2023年金融服務框架協議」 本公司與威海市商業銀行於2021年8月31日訂立的金融服務框架協議 「2021年至2023年綜合服務框架協議」 本公司與山東高速集團訂立的日期為2021年6月18日的協議，內容有 關於截至2023年12月31日止三個年度山東高速集團及其相關下屬單 位會向本集團提供公路業務經營綜合服務 ...