| --- | --- | --- | --- | |--------------|--------|--------------------|----------------| | | | | | | 证券代码： | 600020 | 证券简称：中原高速 | | | 优先股代码： | 360014 | 优先股简称：中原优 | 1 | | 公司债代码： | 143213 | 公司债简称： | 17 豫高速 | | 公司债代码： | 143495 | 公司债简称： | 18 豫高 01 | | 公司债代码： | 143560 | 公司债简称： | 18 豫高 02 | 公告编号：临 2019－035 河南中原高速公路股份有限公司 | --- | --- | |----------------------------------------------------------------------|-------| | 关于参加河南上市公司投资者网上集体接待日活动的公告 | | | 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 ...

Financial Performance - Net profit attributable to shareholders rose by 80.30% to CNY 462.37 million year-on-year[12] - Operating revenue increased by 31.34% to CNY 1.73 billion compared to the same period last year[12] - Basic earnings per share increased by 80.28% to CNY 0.2057 per share compared to the previous year[12] - The weighted average return on net assets increased by 2.55 percentage points to 4.78%[12] - Toll revenue increased by CNY 166 million, a year-on-year increase of 15.78%[12] - The company delivered residential properties, contributing an additional CNY 113 million to net profit attributable to the parent company[12] - The company's operating revenue for the current period reached RMB 1,729,800,306.95, representing a 31.34% increase compared to RMB 1,317,040,211.66 in the previous period[26] - The company reported a 100.82% increase in income tax expenses, amounting to RMB 139,511,195.05, attributed to an increase in total profit[28] - The company experienced a 67.06% rise in taxes and surcharges, totaling RMB 38,462,249.95, due to increased tax liabilities from recognized revenue[26] - The company recorded a 66.22% increase in other income, amounting to RMB 14,062,405.25, mainly from government subsidies[28] - The net profit for the current period is 463,710,085.00 RMB, compared to 259,872,748.48 RMB in the previous period, representing an increase of approximately 78.3%[52] - The total comprehensive income for the current period is 470,602,842.71 RMB, up from 264,083,863.39 RMB in the previous period, indicating a growth of about 78.3%[52] Assets and Liabilities - Total assets increased by 0.96% to CNY 50.63 billion compared to the end of the previous year[12] - Total current assets reached ¥6,629,521,620.27, up from ¥5,895,205,267.70, indicating an increase of 12.45% year-over-year[34] - Long-term equity investments increased to ¥4,402,299,105.68 from ¥4,337,058,048.11, reflecting a growth of 1.51%[34] - Total liabilities stood at ¥38,943,057,074.70, slightly up from ¥38,936,720,717.06, indicating a marginal increase of 0.01%[40] - Total liabilities amounted to CNY 35,216,870,625.02, slightly up from CNY 35,047,316,466.10, indicating a marginal increase of approximately 0.5%[47] - The company has a short-term loan of ¥1.75 billion and accounts payable of approximately ¥1.61 billion[72] - The company has a long-term loan of approximately ¥20.94 billion and bonds payable of approximately ¥4.79 billion[72] Cash Flow - Cash flow from operating activities increased by 3.33% to CNY 896.86 million year-on-year[12] - Cash received from operating activities increased by 56.21% to RMB 150,158,903.35 from RMB 96,127,868.00, mainly due to increased rental income[28] - The net cash flow from operating activities amounted to ¥896,861,546.13, an increase from ¥867,985,158.99 in the previous year, reflecting a growth of approximately 1.01%[62] - Cash inflow from operating activities was ¥1,208,378,559.00, an increase from ¥1,148,126,293.30 year-over-year[64] - The company reported a net increase in cash and cash equivalents of ¥619,427,285.17, compared to ¥4,764,660,544.27 in the previous year[64] Shareholder Information - The total number of shareholders reached 95,477 by the end of the reporting period[18] - The largest shareholder, Henan Transportation Investment Group Co., Ltd., holds 45.09% of the shares[18] Investment Activities - There were no significant changes in the company's investment activities, with cash paid for investments decreasing by 97.98% to ¥904,153.25[32] - Investment income decreased by 43.33% to RMB 59,422,497.89 from RMB 104,849,899.85, primarily due to reduced returns from a subsidiary[28] - Cash inflow from investment activities totaled ¥3,153,654.69, significantly down from ¥45,479,890.36 year-over-year[62] - The net cash flow from investment activities was -¥216,737,902.31, compared to -¥333,585,648.68 in the previous year, showing an improvement[62] Financial Adjustments - The company has made adjustments to its financial reporting format in accordance with new financial instrument standards effective January 1, 2019[74]

Financial Performance - The company achieved a net profit of CNY 1,077,885,095.45 for the year 2018, with a 10% statutory reserve fund provision of CNY 107,788,509.55, resulting in distributable profits of CNY 970,096,585.90[7]. - The company's operating revenue for 2018 was CNY 5,776,036,469.33, a decrease of 7.42% compared to 2017[27]. - The net profit attributable to shareholders for 2018 was CNY 798,804,153.45, down 30.41% year-on-year[27]. - The total profit amounted to CNY 1.122 billion, down 24.14% year-on-year, while net profit was CNY 804 million, a decline of 31.15%[53]. - The company's total assets at the end of 2018 were CNY 50,147,838,115.17, a decline of 9.57% from the previous year[27]. - The net assets attributable to shareholders decreased by 24.59% to CNY 11,117,210,976.08 at the end of 2018[27]. - The return on equity (ROE) for 2018 was 4.06%, down 4.06 percentage points from the previous year[53]. - The company reported a significant decrease in investment income from joint ventures, impacting overall profitability[27]. Dividend Distribution - The total number of ordinary shares at the end of 2018 was 2,247,371,832, with a cash dividend distribution of CNY 245,038,188.70 to ordinary shareholders, equating to CNY 1.09 per 10 shares (tax included)[10]. - The company plans to pay a fixed dividend of CNY 98,600,000 for 17 million preferred shares, with an additional CNY 48,628,494.80 to be distributed from the remaining profits[10]. - In 2018, the company reported a cash dividend of 1.09 RMB per 10 shares, amounting to 245,038,188.70 RMB, representing 53.13% of the net profit attributable to ordinary shareholders[116]. - The company distributed cash dividends of 1.68 RMB per 10 shares, totaling 377,558,470.90 RMB for the year 2017, with a payout ratio of 43.02% of the net profit attributable to ordinary shareholders[115]. Risk Management - The company has provided a detailed analysis of potential risks in its future development within the report[13]. - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements in the annual report[12]. - The company is sensitive to macroeconomic changes, which may impact toll revenue due to the slowing domestic economic growth[108]. - The company faces risks from industry policy changes, including the potential reduction of toll fees and the cancellation of provincial toll stations, which could affect its main revenue source[111]. - The company is committed to improving safety in highway operations and enhancing network security risk management capabilities[107]. - The company emphasizes the importance of analyzing industry policy adjustments to develop appropriate strategies and measures[111]. Operational Efficiency - The company plans to focus on improving operational efficiency and exploring new market opportunities in the coming year[27]. - The company is focusing on high-quality development and optimizing asset quality through various measures[47]. - The company has implemented a "three-long system" to enhance operational management and ensure road safety[47]. - The company aims to enhance its investment management system to improve market-oriented levels and investment returns, focusing on diversified business development[107]. - The company plans to strictly manage budgets and improve financing efficiency to reduce financial costs and open new profit channels[107]. Corporate Governance - The company’s independent directors confirmed that the profit distribution plan complies with relevant regulations and does not harm the interests of the company and its shareholders[11]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[13]. - The company has committed to avoid competition with its controlling shareholder, Henan Transportation Investment Group, ensuring no competitive projects will be developed[121]. - The controlling shareholder, Henan Transportation Investment Group, holds 1,013,313,285 shares, representing 45.09% of the total shares[188]. Social Responsibility - The company has established three funding programs for poverty alleviation, with a total of over 300,000 RMB allocated to support agricultural development and education for impoverished households[168]. - The company has implemented over 10 infrastructure improvement projects, including road safety and clean water initiatives, enhancing the living conditions of local communities[167]. - The company has actively engaged in social responsibility initiatives, including the establishment of a tourism company and the development of leisure agriculture projects[166]. - The company has focused on transforming traditional agriculture into economic crop cultivation, providing over 200,000 RMB in subsidies to encourage this shift among local farmers[168]. - The company has received recognition for its rural tourism initiatives, being approved as an AAA-rated tourist attraction by the Jiyuan City Tourism Development Committee[169]. Investment and Financing - The company issued CNY 28 billion in corporate bonds and CNY 18 billion in short-term financing notes to optimize its debt structure[51]. - The company signed fixed asset financing contracts totaling RMB 12.5 billion and RMB 29.5 billion, using the toll rights of the Zhengzhou Airport to Luohe section as collateral[83]. - The company has established a pledge guarantee using toll rights from the Zhengmin Expressway for fixed asset loans[80]. - The company is exploring new investment areas to strengthen its leading position in venture capital, real estate, and financial sectors[107]. Audit and Compliance - The company’s financial report received a standard unqualified audit opinion from its accounting firm[4]. - The company has appointed a new accounting firm with an audit fee of 1.52 million CNY for the financial audit and 550,000 CNY for internal control audit[134].

河南中原高速公路股份有限公司 2018 年第三季度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2018 年第三季度报告 2018 年 10 月 30 日 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 河南中原高速公路股份有限公司 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | | | | | 末增减(%) | | 总资产 | 48,893,240,316.47 | 50,241,039,695.83 | | -2.68 | | 归属于上市公司股东的净资产 | 11,673,038, ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,591,236,770.67, a decrease of 20.41% compared to CNY 3,255,851,062.82 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was CNY 626,512,724.42, down 19.30% from CNY 776,388,218.03 in the previous year[19]. - Basic earnings per share for the first half of 2018 were CNY 0.1910, down 15.19% from CNY 0.2252 in the same period last year[20]. - The total operating revenue for the company was CNY 2,557,587,653.70, with a gross profit margin of 56.01%, reflecting a year-on-year decrease of 20.77% in revenue and a decrease of 30.39% in costs[42]. - The company reported a decrease in refined oil sales revenue to CNY 218,839,313.79, with a gross profit margin of 20.59%, down 4.94 percentage points year-on-year[43]. - The company reported a total comprehensive income of CNY 509,145,206.70, down from CNY 907,095,072.11 in the previous year[154]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 91.46% to CNY 1,839,313,229.73, compared to CNY 960,694,090.14 in the same period last year[19]. - Cash inflow from financing activities totaled CNY 9,540,395,800.00, an increase of 10.9% from CNY 8,604,020,000.00 in the previous year[160]. - Cash and cash equivalents at the end of the period were CNY 2,111,826,199.63, down from CNY 2,265,322,322.76 at the end of the previous period[160]. - The net cash flow from investing activities was CNY -90,645,659.24, an improvement from CNY -1,331,364,818.11 in the same period last year[160]. - The company maintained a loan repayment rate of 100% during the reporting period[137]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 49,711,699,283.17, a decrease of 1.05% from CNY 50,241,039,695.83 at the end of the previous year[19]. - The company's long-term equity investment amounted to 4,935.81 million RMB, a decrease of 284.62 million RMB or 5.45% compared to the beginning of the period[53]. - The debt-to-asset ratio rose to 76.02%, an increase of 2.52 percentage points from the previous year, mainly due to the repurchase of preferred shares[137]. - Total liabilities increased from CNY 36,928,885,247.44 to CNY 37,790,293,953.35, an increase of approximately 2.33%[146]. - Owner's equity decreased from CNY 13,312,154,448.39 to CNY 11,921,405,329.82, a decline of about 10.45%[147]. Investments and Development Strategy - The company has a diversified development strategy, with a focus on toll road operations and investments in banking, trust, insurance, and real estate[26]. - The company aims to enhance its core business while expanding into diversified fields, maintaining a strong focus on toll road management[28]. - The company has implemented measures to improve toll collection efficiency and service quality, contributing to stable revenue growth[33]. - The company is actively developing leisure tourism, with Wangzhuang Village being established as a 3A-level tourist attraction[97]. - The company has established various partnerships for investment management and consulting services across multiple investment centers[56]. Risk Management - The company faces risks from macroeconomic changes, which may impact toll revenue due to a slowdown in economic growth[60]. - Financing risks have emerged due to tighter monetary policies and increased financing costs, necessitating careful financial management[63]. - The company plans to closely monitor policy trends and adjust strategies to mitigate revenue loss and protect investor interests[61]. - Operational management risks include challenges from increasing traffic volume and the need for effective emergency response strategies[62]. - The company has provided a detailed analysis of potential risks in its future development in the report[6]. Corporate Governance and Shareholder Meetings - The first extraordinary general meeting in 2018 was held on January 16, with 12 shareholders participating, representing 1,364,918,574 shares, accounting for 60.73% of the total share capital[68]. - The company approved the issuance of ultra-short-term financing bonds during the meetings[68][69]. - The company’s articles of association were revised in multiple meetings throughout 2018[68][70]. - The company appointed Da Cheng Accounting Firm as the financial and internal control auditor for the year 2018, with total audit fees amounting to RMB 2.07 million[74]. - The company has committed to avoid competition with its controlling shareholder, Henan Transportation Investment Group, ensuring no overlap in business operations[72]. Social Responsibility and Community Engagement - The company is committed to improving infrastructure and living conditions in impoverished areas as part of its corporate social responsibility initiatives[93]. - Approximately 30 million RMB was invested in environmental improvement projects in Wangzhuang Village, including the installation of safety barriers and the construction of a senior care facility[93]. - The company has established a long-term mechanism to ensure that poverty alleviation efforts are sustainable, focusing on 12 registered impoverished households in Wangzhuang Village[93]. - Future poverty alleviation plans focus on strengthening grassroots organizations and promoting employment and income growth through targeted measures[99]. - The company emphasizes the importance of learning and development within the party organization, conducting multiple training sessions[96]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period was 95,688[108]. - The largest shareholder, Henan Transportation Investment Group Co., Ltd., holds 1,013,313,285 shares, accounting for 45.09% of total shares[110]. - The company has a total of 1,013,313,285 shares held by Henan Transportation Investment Group, accounting for a significant portion of the total shares[111]. - The top ten unrestricted shareholders include China Merchants Highway Network Technology Holdings Co., Ltd. with 346,704,888 shares, representing a substantial stake[111]. - The company has not reported any related party transactions among the top ten shareholders[116]. Financial Instruments and Accounting Policies - The financial statements comply with the enterprise accounting standards, reflecting the company's financial status as of June 30, 2018, and the results for the first half of 2018[188]. - The company's accounting policies include specific methods for fixed asset depreciation and revenue recognition tailored to its operational characteristics[187]. - Minority interests are separately presented in the consolidated balance sheet under shareholders' equity, and the share of net profit attributable to minority interests is shown in the consolidated income statement[197]. - Cash and cash equivalents include cash on hand and deposits that are readily available for payment[199]. - Financial instruments are defined as contracts that create financial assets for one entity and financial liabilities or equity instruments for another[200].

河南中原高速公路股份有限公司 2018 年第一季度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2018 年第一季度报告 2018 年 4 月 25 日 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 河南中原高速公路股份有限公司 2018 年第一季度报告 一、 重要提示 2.1 主要财务数据 | 单位：元 币种：人民币 | | --- | | | | | 本报告期末比 | | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 上年度末增减 | | | | | (%) | | 总资产 | 54,756,128,648.35 | 50,241,039,695.83 | 8.99 | | 归属于上市公司股东的净资产 | 13,547,563,440.63 | 13,264,933,141.89 ...

Financial Performance - In 2017, Henan Zhongyuan Expressway Company achieved a net profit of CNY 902,918,965.31, with a statutory reserve of 10% amounting to CNY 90,291,896.53[5] - The total distributable profit for shareholders at the end of 2017 was CNY 2,859,776,758.05, after accounting for previous dividends and retained earnings[5] - The company distributed a total of CNY 378,586,213.76 in cash dividends to ordinary shareholders, equating to CNY 1.68 per 10 shares[7] - For preferred shareholders, a total of CNY 337,627,112.06 was distributed, including a fixed dividend of CNY 197,200,000 scheduled for June 29, 2018[7] - The remaining undistributed profit carried forward to the next year was CNY 456,694,745.19, with no capital reserve conversion planned for 2017[7] - The company’s board confirmed that the profit distribution plan complies with relevant regulations and does not harm the interests of the company and its shareholders[8] - The company’s financial report received a standard unqualified audit opinion from its accounting firm[4] - The company's operating revenue for 2017 was CNY 5,846,531,115.32, representing a 48.63% increase compared to CNY 3,933,738,587.32 in 2016[24] - Net profit attributable to shareholders for 2017 was CNY 1,172,908,071.01, a 56.78% increase from CNY 748,139,907.67 in 2016[24] - The basic earnings per share for 2017 was CNY 0.4016, up 92.16% from CNY 0.2090 in 2016[25] - The weighted average return on equity increased to 9.69% in 2017, up 4.27 percentage points from 5.42% in 2016[25] - Cash flow from operating activities for 2017 was CNY 2,916,034,752.17, a decrease of 13.48% compared to CNY 3,370,506,797.32 in 2016[24] - Total assets at the end of 2017 were CNY 50,241,039,695.83, an increase of 3.89% from CNY 48,357,630,468.73 at the end of 2016[24] - The net assets attributable to shareholders at the end of 2017 were CNY 13,264,933,141.89, an increase of 8.22% from CNY 12,257,907,249.48 at the end of 2016[24] Operational Highlights - The company recognized significant real estate revenue from its subsidiary, contributing to the net profit increase[24] - The company opened new highway sections, leading to increased toll revenue[24] - The company achieved operating revenue of 5.847 billion RMB, with toll revenue of 4.026 billion RMB, representing a year-on-year growth of 16.37%[43] - As of the end of 2017, the total operational mileage reached 815 kilometers, accounting for 12% of the total highway mileage in Henan province[37] - The company’s asset scale surpassed 50 billion RMB for the first time[37] - The company completed the construction of the Zhengzhou section of the Shangdeng Expressway on September 26, 2017, marking it as the first expressway project completed in the province for the year[44] - The company managed to recover 3.5122 million RMB in toll fees by addressing 118,000 instances of toll evasion[44] Business Expansion and Strategy - The company is actively expanding its business scope beyond toll road management to include equity investment, real estate development, and engineering supervision[37] - The company plans to leverage its strategic location in Henan to enhance its role in national transportation networks, particularly under the Belt and Road Initiative[40] - The company is focusing on the development of smart transportation and efficient logistics as part of its future growth strategy[38] - The company plans to expand its highway network, with a target of adding 5,000 kilometers of new highways in 2018, aligning with national transportation development goals[75] - The company is committed to enhancing its operational efficiency through supply-side structural reforms in the transportation sector, as emphasized in national policy directives[75] - The company is exploring market opportunities for PPP projects as part of its strategic development[91] Financial Management and Investments - The company raised 13.2 billion RMB in financing throughout the year, with a net increase of 2.661 billion RMB after repaying maturing debts[49] - The company is focused on diversifying operations to enhance profitability and market competitiveness, particularly in strategic emerging industries[94] - The company aims to enhance financing capabilities by exploring various capital operation methods, including debt-to-equity swaps and leasing[94] - The company plans to optimize its debt structure by increasing the proportion of direct financing and long-term debt while reducing short-term debt to mitigate liquidity risks[94] - The company has engaged in multiple financing agreements, including a 44.25 billion yuan syndicated loan, to support its infrastructure projects and operational needs[71][72] Corporate Governance and Compliance - The company is committed to enhancing its governance structure by integrating party leadership into corporate governance, as mandated by national regulations[43] - The company has established a long-term commitment to avoid competition with its parent company, ensuring no conflicts arise in business operations[106] - The company has a structured governance framework that adheres to relevant laws and regulations, ensuring the protection of stakeholders' rights[187] - The company has established a robust information disclosure system, ensuring timely, fair, and accurate disclosure of significant information in compliance with regulatory requirements[193] - The company emphasizes the protection of stakeholders' rights and actively collaborates to promote sustainable and healthy development, as highlighted in the 2017 social responsibility report[192] Social Responsibility and Community Engagement - The company was recognized for its contributions to poverty alleviation, successfully lifting all identified impoverished households out of poverty[50] - The company achieved a total of 7 households (25 individuals) lifted out of poverty in 2017, with a poverty incidence rate below 2%[137] - The company invested in infrastructure, constructing 0.5 kilometers of roads and improving water safety for five villages, enhancing living conditions[133] - The company established a fund to support the cultivation of over 100 acres of economic crops, including peaches, grapes, and walnuts[134] - The company organized over 10 recreational activities, including cooking and fishing competitions, to promote local tourism[135] Future Outlook - In 2018, the company expects to achieve operating revenue of 5.64 billion yuan, with toll revenue projected at 4.347 billion yuan and cost expenses at 5.087 billion yuan, leading to an estimated net profit of 601 million yuan and a net profit attributable to the parent company of 590 million yuan[92] - The company plans to continue its investment strategy in joint ventures and infrastructure projects to enhance growth prospects[78] - The company aims to optimize the quality of its main business assets and upgrade its diversified industrial layout, focusing on the integration of "highway + internet + finance + capital" to enhance overall strength and profitability[91] - The company anticipates a revenue growth of 12% for the upcoming fiscal year, driven by increased traffic and operational efficiencies[176] Employee and Management Information - The total number of employees in the parent company is 3,356, with a combined total of 3,724 employees including major subsidiaries[182] - The company has implemented a salary policy that includes base salary, performance pay, and bonuses, while also providing social insurance and housing fund contributions for all employees[183] - Approximately 2,000 training sessions were conducted throughout the year to enhance the skills and management capabilities of employees[184] - The management team has extensive experience in the transportation and engineering sectors, contributing to strategic decision-making[170] Related Party Transactions - The company expects to engage in related party transactions amounting to RMB 184.5 million in 2017, with actual transactions during the reporting period totaling RMB 116.46 million[116] - The actual related party transactions included RMB 100.45 million for maintenance services, RMB 12.86 million for leasing land and buildings, RMB 1.38 million for equipment leasing and technical services, and RMB 1.76 million for product sales[117] - The company has strictly adhered to laws and regulations regarding related party transactions, ensuring fairness and timely disclosure without harming the interests of the company and its shareholders[191]

河南中原高速公路股份有限公司 2017 年第三季度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 公司债代码：143213 公司债简称：17 豫高速 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2017 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人金雷、主管会计工作负责人马沉重、王继东及会计机构负责人（会计主管人员） 冯莉保证季度报告中财务报表的真实、准确、完整。 1.4 公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 2017 年 10 月 30 日 1 / 22 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 河南中原高速公路股份有限公司 2017 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述 ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 3,255,851,062.82, representing an increase of 81.10% compared to CNY 1,797,863,140.82 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 776,388,218.03, a year-on-year increase of 104.64% from CNY 379,394,321.36[20]. - The net profit after deducting non-recurring gains and losses was CNY 763,527,697.82, up 104.82% from CNY 372,779,218.49 in the previous year[20]. - The total profit reached 975 million yuan, reflecting a growth of 112.46% year-on-year[34]. - Net profit amounted to 787 million yuan, marking a 107.94% increase from the previous year[34]. - The company achieved operating revenue of 3.256 billion yuan, an increase of 81.10% compared to the same period last year[34]. - The net profit attributable to the parent company was CNY 776 million, up 104.64% year-on-year, primarily due to an increase in toll revenue by CNY 290 million, up 17.88%[39]. - The company reported a significant increase in expected liabilities by 464.10% to CNY 1.12 million from CNY 198,608.57, mainly due to provisions for pending litigation[45]. - The company reported a total comprehensive income of CNY 907,095,072.11 for the first half of 2017, compared to CNY 404,969,203.27 in the same period last year[130]. - The company reported a significant increase in other receivables, which rose to ¥719,804,804.41 from ¥64,440,149.91, a growth of over 1000%[122]. Cash Flow and Assets - The net cash flow from operating activities was CNY 960,694,090.14, a decrease of 25.22% compared to CNY 1,284,700,800.40 in the same period last year[20]. - The company's cash and cash equivalents increased by 31.60% to CNY 2.28 billion, primarily due to early repayment of loans[44]. - The company's inventory decreased by 38.04% to CNY 880.75 million from CNY 1.42 billion, primarily due to revenue recognition from its subsidiary Yingdi Real Estate[45]. - The company's total assets at the end of the reporting period were CNY 49,392,219,536.52, reflecting a 2.14% increase from CNY 48,357,630,468.73 at the end of the previous year[20]. - The total liabilities increased to CNY 36,665,204,859.81 from CNY 36,069,665,939.75, marking an increase of approximately 1.6%[124]. - Total current assets increased to ¥4,127,232,737.09 from ¥3,442,344,279.10, representing a growth of approximately 20%[122]. - The total owner's equity rose to ¥12,727,014,676.71 from ¥12,287,964,528.98, indicating an increase of approximately 3.6%[124]. Investments and Projects - The company is actively involved in the construction of new highways, with a planned investment of 150 billion yuan in highway construction during the "13th Five-Year Plan" period[29]. - The total investment in the Zheng-Luo Expressway project reached 9.631 billion RMB, with a cumulative actual investment of 38.99 billion RMB[56]. - The company has completed multiple highway projects, with a total investment of 45.523 billion RMB across various projects[57]. - The company invested 500 million RMB to establish Henan Asset Management Co., holding a 10% stake with a subscription price of 1 RMB per share[54]. - The company has reported a total of RMB 1,216.63 million in receivables from related parties, with a net change of RMB -460.61 million during the reporting period[85]. Risk Management - The company faces risks from industry policies affecting toll revenue, particularly due to free passage policies for small vehicles during holidays and the "green channel" policy for fresh agricultural products[67]. - The company plans to implement measures to mitigate policy risks, including monitoring government policies and enhancing revenue collection through initiatives like "ETC leakage prevention" and "truck leakage prevention"[68]. - Financing risks are significant due to the capital-intensive nature of highway infrastructure, with increasing reliance on external financing[70]. - The company will actively explore new financing channels to meet project construction and operational needs while managing financial forecasts[70]. Governance and Compliance - The company committed to maintaining independence in operations, finance, and management from its controlling shareholder, ensuring no interference in business decisions[76]. - The controlling shareholder pledged not to engage in any competitive activities with the company, including the development of competing road and bridge projects[76]. - The company has established a governance structure with 17 functional departments and 15 subsidiaries, including real estate and investment management[155]. - The company appointed Zhihong Accounting Firm as the financial and internal control auditor for 2017, with total audit fees amounting to RMB 1.99 million[78]. Social Responsibility - The company coordinated over CNY 15 million for poverty alleviation efforts, reducing the number of impoverished households from 38 to 7[36]. - The company has engaged in various poverty alleviation initiatives, including the construction of community service centers and the establishment of agricultural cooperatives[91]. - The company has invested ¥14.85 million in poverty alleviation efforts during the reporting period[93]. Financial Instruments and Accounting - Financial instruments are recognized when the company becomes a party to the financial contract, with specific conditions for derecognition of financial assets and liabilities outlined[178]. - The company assesses the carrying amount of financial assets for impairment, recognizing impairment losses when objective evidence indicates a decline in expected future cash flows[187]. - The company measures financial liabilities at fair value with changes recognized in profit or loss, including trading liabilities and those designated at fair value at initial recognition[185]. - The company applies the effective interest method for subsequent measurement of other financial liabilities, with transaction costs included in the initial recognition amount[184].

2017 年第一季度报告 2017 年 4 月 25 日 1 / 20 河南中原高速公路股份有限公司 2017 年第一季度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 河南中原高速公路股份有限公司 HENAN ZHONGYUAN EXPRESSWAY COMPANY LIMITED | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 7 | | 四、附录 | 10 | 河南中原高速公路股份有限公司 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 说明：报告期，归属于上市公司股东的净利润同比上升 179.01%，主要原因为（1）通行费收入较 上年增加 1.28 亿元，同比上升 16.18%；（2）英地置业商品房交付使用增加报告期归属于母公司 所有者的净利润 2.03 亿元。 3 / 20 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 49,788,116,347.60 48,357,630,468.73 2.96 归属于 ...