证券代码：600020 证券简称：中原高速 公告编号：临 2024－061 河南中原高速公路股份有限公司（以下简称"公司"）董事郭本锋先生因达 到法定退休年龄，不再担任公司第七届董事会董事、副总经理职务。 2024 年 11 月 2 日 根据《公司法》、《公司章程》等有关规定，郭本锋先生的离任不会导致公司 董事会成员低于法定最低人数，不会影响公司董事会的正常运作。公司将按照法 定程序尽快完成董事的补选工作。 1 郭本锋先生在任职期间恪尽职守、勤勉尽责，为促进公司科学决策、合规经 营、稳健发展发挥了积极作用。公司及董事会对郭本锋先生做出的贡献表示衷心 感谢！ 河南中原高速公路股份有限公司 关于董事、副总经理退休的公告 特此公告。 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。 河南中原高速公路股份有限公司董事会 ...

证券代码：600020 证券简称：中原高速 公告编号：临 2024-060 河南中原高速公路股份有限公司 关于召开 2024 年第四次临时股东大会的通知 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法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第四次临时股东大会 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 11 月 15 日 至 2024 年 11 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东大会召开日期：2024年11月15日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的 ...

证券代码：600020 证券简称：中原高速 公告编号：临 2024－059 河南中原高速公路股份有限公司 关于计提资产减值准备的公告 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。 河南中原高速公路股份有限公司(以下简称"公司")为真实、公允地反映公 司财务状况，依据《企业会计准则》及公司会计政策等相关规定，基于审慎性原 则，对截至 2024 年 9 月 30 日合并报表范围内的各项资产进行全面清查和减值测 试，对合并报表范围内可能发生资产减值损失的有关资产计提相应减值准备。 一、计提资产减值准备内容 （三）固定资产减值损失 公司对固定资产于资产负债表日存在减值迹象的，进行减值测试。减值测试 结果表明资产的可收回金额低于其账面价值的，按其差额计提减值准备，并计入 减值损失。经测试，公司 2024 年 1-9 月计提报废固定资产减值损失 25.02 万元。 三、本次预计计提减值准备对公司的影响 公司本期拟计提信用减值及资产减值准备合计 8,591.56 万元。本期计提减 值准备的资产项目包括应收账款、其他应收款、固定资产， ...

证券代码：600020 证券简称：中原高速 公告编号：临 2024－058 河南中原高速公路股份有限公司 第七届监事会第二十次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 （一）审议通过《关于公司 2024 年第三季度报告的议案》。 经审查，监事会未发现 2024 年第三季度报告的编制和审议程序存在违反法 律、法规、公司章程或公司内部管理制度规定的情形；未发现报告的内容和格式 存在不符合中国证监会和证券交易所的规定的情形，其所包含的信息从各个方面 真实地反映出公司 2024 年第三季度的主要经营情况和财务状况等事项；在提出 本意见前，未发现参与报告编制和审议的人员有违反保密规定的行为；未发现报 告所载资料存在虚假记载、误导性陈述或者重大遗漏。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 特此公告。 （一）河南中原高速公路股份有限公司(以下简称"公司")第七届监事会第 二十次会议的召开符合法律、行政法规、部门规章、规范性文件和《公司章程》 的规定。 （二）会议通知及相关材料 ...

证券代码：600020 证券简称：中原高速 公告编号：临 2024－057 河南中原高速公路股份有限公司 第七届董事会第三十一次会议决议公告 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。 一、董事会会议召开情况 （一）河南中原高速公路股份有限公司(以下简称"公司")第七届董事会第 三十一次会议的召开符合法律、行政法规、部门规章、规范性文件和《公司章程》 的规定。 （二）会议通知及相关材料已于 2024 年 10 月 18 日、10 月 22 日以专人或 传真、电子邮件方式发出。 本议案已经第七届董事会审计委员会第三十一次会议审议通过，同意提交公 司董事会审议。 表决结果：同意 11 票，反对 0 票，弃权 0 票。 （二）审议通过《关于补选公司第七届董事会独立董事的议案》。 经公司 2024 年第五次独立董事专门会议审核、董事会审议，同意周俊先生 为公司独立董事候选人，任期至第七届董事会届满。独立董事候选人的简历附后。 本议案需提交公司股东大会审议。 表决结果：同意 11 票，反对 0 票，弃权 0 票。 （三）会议于 ...

Financial Performance - The company's operating revenue for Q3 2024 was CNY 1,961,641,384.73, representing a 40.56% increase compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was CNY 207,241,082.57, a decrease of 28.67% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 198,174,230.67, down 29.92% from the previous year[2]. - The basic earnings per share for Q3 2024 was CNY 0.0779, reflecting a decline of 32.32% compared to the same period last year[3]. - The weighted average return on equity decreased by 0.78 percentage points to 1.57% for Q3 2024[3]. - The company reported a net profit of CNY 6.25 billion for the first three quarters of 2024, compared to CNY 5.86 billion in the same period of 2023, representing a growth of approximately 6.7%[17]. - The company's net profit for the first three quarters of 2024 was approximately CNY 909.40 million, down 4.7% from CNY 954.17 million in the first three quarters of 2023[25]. - The total operating profit for the first three quarters of 2024 was approximately CNY 1.18 billion, a slight decrease of 2.7% compared to CNY 1.21 billion in the same period of 2023[25]. Revenue and Costs - The company's main business revenue for the transportation industry reached ¥3,374,655,427.01, with a year-on-year increase of 22.32%, while the cost of main business was ¥1,543,209,318.68, reflecting a decrease of 4.67%[13]. - The total number of common shareholders at the end of the reporting period is 57,808, with the largest shareholder, Henan Transportation Investment Group Co., Ltd., holding 1,013,313,285 shares, representing 45.09% of the total[7]. - The company reported a total main business income of ¥4,626,971,761.95 for the period, with a total cost of ¥2,763,525,722.14, resulting in a combined year-on-year increase of 22.32% in revenue and 52.27% in costs[13]. - Total operating revenue for Q3 2024 reached CNY 4,705,412,258.51, an increase from CNY 3,852,669,705.81 in Q3 2023, representing a growth of approximately 22.1%[18]. - Total operating costs increased to CNY 3,661,640,647.76 from CNY 2,842,688,656.23, marking a rise of about 28.8%[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 51,206,756,353.32, an increase of 2.29% from the end of the previous year[3]. - As of September 30, 2024, total assets amounted to CNY 51.21 billion, an increase from CNY 50.06 billion as of December 31, 2023, reflecting a growth of approximately 2.3%[15]. - Total liabilities reached CNY 36.08 billion, compared to CNY 35.30 billion, reflecting a growth of about 2.2%[16]. - The total liabilities increased to 35,646,453,137.28 RMB, compared to 34,585,051,834.49 RMB in the previous year, representing an increase of about 3.08%[24]. - The company's equity attributable to shareholders increased to CNY 15.13 billion from CNY 14.76 billion, a rise of approximately 2.5%[16]. - The total equity increased to 13,628,029,387.44 RMB, compared to 13,178,442,670.19 RMB in the previous year, reflecting an increase of about 3.42%[24]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 1,631,245,216.27, down 22.03% year-on-year[2]. - Cash flow from operating activities for the first nine months of 2024 was CNY 1,631,245,216.27, down from CNY 2,092,258,222.88 in the same period of 2023, a decrease of approximately 22.0%[20]. - The net cash flow from investment activities was -1,895,518,569.00 RMB, indicating a significant outflow compared to the previous period's outflow of -714,165,843.49 RMB[22]. - The cash inflow from financing activities totaled 13,142,410,000.00 RMB, compared to 8,563,954,321.20 RMB in the previous year, indicating a substantial increase of about 53.80%[22]. - The cash outflow for financing activities was 264,713,785.39 RMB, compared to 1,424,631,711.01 RMB in the previous year, showing a decrease in outflow[22]. Shareholder Information - The second-largest shareholder, China Merchants Highway Network Technology Holdings Co., Ltd., holds 346,704,888 shares, accounting for 15.43%[7]. - The top ten shareholders include several institutional investors, with the largest being state-owned entities, indicating strong institutional support[7]. - The company has no known related party relationships among its major shareholders, ensuring independent operations[10]. - The company has not engaged in any share lending or borrowing activities that would affect the shareholding structure during the reporting period[10]. Investment and Development - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and service offerings[17]. - The company’s research and development expenses remained minimal at CNY 850,000 for the first three quarters of 2024, indicating a focus on cost management[25].

证券代码：600020 证券简称：中原高速 公告编号：临 2024－056 河南中原高速公路股份有限公司 2024 年 9 月份通行费收入和交通量数据公告 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。 河南中原高速公路股份有限公司（以下简称"公司"）2024 年 9 月份通行 费收入为 403,739,450.41 元，各路段情况如下： | 路段 | 通行费收入 | 交通量 | | --- | --- | --- | | | （元） | （折算数，台次） | | 京港澳高速公路郑州至漯河段 | 178,907,724.87 | 3,016,830 | | 京港澳高速公路漯河至驻马店段 | 43,123,517.43 | 1,578,000 | | 郑栾高速公路郑州至尧山段 | 69,191,872.83 | 789,652 | | 郑州至民权高速公路 | 47,444,820.50 | 955,113 | | 德上高速公路永城段 | 9,188,834.10 | 404,997 | | 商丘至登封高速公路 | 55,8 ...

证券代码：600020 证券简称：中原高速 公告编号：临 2024－055 河南中原高速公路股份有限公司 关于独立董事辞职的公告 特此公告。 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。 河南中原高速公路股份有限公司董事会 河南中原高速公路股份有限公司（以下简称"公司"）董事会于今日收到独 立董事宋公利先生提交的书面辞职报告。宋公利先生因年纪原因，申请辞去公司 独立董事及董事会战略委员会、审计委员会、薪酬与考核委员会委员职务。 2024 年 10 月 9 日 鉴于宋公利先生的辞职将导致公司独立董事人数低于董事会成员人数的三 分之一，根据《公司法》、《上市公司独立董事管理办法》及《公司章程》等有关 规定，公司董事会将按规定尽快提名新的独立董事候选人，提交股东大会选举。 在新任独立董事任职前，宋公利先生仍将继续履行公司独立董事及相关董事会专 门委员会委员职责。 1 公司及董事会对宋公利先生在任职期间对公司发展所做出的重要贡献表示 衷心感谢！ ...

Investment Rating - Buy (First Coverage) with a target price of 4.71 yuan for the next 6 months [1] Core Views - The company is the leading road and bridge operator in Henan Province, with toll revenue accounting for nearly 80% of total revenue in H1 2024 [1] - The company has completed the integration of its real estate sector by transferring equity to Henan Jiaotou Yikang Investment Development Co Ltd [1] - The company has implemented an active dividend policy, with a dividend payout ratio exceeding 40% for the first time, offering a dividend yield of approximately 4% [1] Company Overview - The company operates key highways in Henan Province, including Airport Expressway, Zhengzhou-Zhumadian section of Jinggang'ao Expressway, and Zhengzhou-Yaoshan section of Zheng-Luan Expressway, with a total managed mileage of 808 kilometers [1] - The company's core business is toll collection, which provides stable income and profit, with toll revenue accounting for nearly 80% of total revenue in H1 2024 [1] Industry Analysis - The highway industry has weak cyclicality and strong risk resistance, with China's highway construction investment reaching 1.6 trillion yuan in 2023, maintaining a high level despite a 1.9% year-on-year decline [1] - Highway demand is expected to remain stable, supported by further improvements in road infrastructure and the central government's policy of "seeking progress while maintaining stability" [1] Real Estate Sector Integration - The company's real estate business adopts a rolling development model, with projects mainly located in Zhengzhou and third- and fourth-tier cities [1] - Real estate sales revenue declined from 850 million yuan in 2021 to 210 million yuan in 2023, with gross margins also decreasing from 47.5% to 26.6% over the same period [1] - The company has completed the integration of its real estate sector by transferring equity to Henan Jiaotou Yikang Investment Development Co Ltd [1] Financial Optimization and Dividend Policy - The company has optimized its debt structure, replacing 4.91 billion yuan of long-term debt in H1 2024, saving 60 million yuan in interest expenses [1] - The company has implemented an active dividend policy, with a dividend payout ratio exceeding 40% for the first time, offering a dividend yield of approximately 4% [1] Profit Forecast and Valuation - The company's revenue is expected to be 5.55 billion yuan, 5.58 billion yuan, and 5.67 billion yuan for 2024, 2025, and 2026, respectively, with net profit attributable to shareholders of 870 million yuan, 930 million yuan, and 990 million yuan [1] - The company's PB ratio is expected to be 0.7x, 0.7x, and 0.6x for 2024, 2025, and 2026, respectively, with a target price of 4.71 yuan based on a 0.9x PB ratio for 2024 [1] Key Financial Data - Toll revenue for 2021-2023 and H1 2024 was 4.63 billion yuan, 3.63 billion yuan, 4.62 billion yuan, and 2.15 billion yuan, respectively [1] - The company's comprehensive gross margin was 41.2%, 20.5%, 41.8%, and 46.8% for 2021-2023 and H1 2024, respectively [1] - The company's debt-to-asset ratio was 73.51%, 74.60%, 70.51%, and 70.38% at the end of 2021-2023 and H1 2024, respectively [1]

证券代码：600020 证券简称：中原高速 公告编号：临 2024－054 河南中原高速公路股份有限公司 2024 年 8 月份通行费收入和交通量数据公告 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。 河南中原高速公路股份有限公司（以下简称"公司"）2024 年 8 月份通行 费收入为 437,436,017.67 元，各路段情况如下： | 路段 | 通行费收入 | 交通量 | | --- | --- | --- | | | （元） | （折算数，台次） | | 京港澳高速公路郑州至漯河段 | 186,305,381.49 | 3,139,060 | | 京港澳高速公路漯河至驻马店段 | 43,986,268.45 | 1,602,948 | | 郑栾高速公路郑州至尧山段 | 87,354,463.78 | 984,408 | | 郑州至民权高速公路 | 49,680,476.58 | 999,238 | | 德上高速公路永城段 | 10,212,807.15 | 440,730 | | 商丘至登封高速公路 | 59, ...