证券代码：600033 证券简称：福建高速 公告编号：临 2025-022 福建发展高速公路股份有限公司 2024年年度权益分派实施公告 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法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.05元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | A 股 | 2025/7/10 | － | 2025/7/11 | 2025/7/11 | 差异化分红送转：否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 6 月 18 日召开的2024年年度股东大会审议通 过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本2,744, ...

Core Viewpoint - Fujian Expressway has experienced a decline for four consecutive trading days, with a cumulative drop of -1.67% [1] Company Overview - Fujian Development Expressway Co., Ltd. was established with the approval of the Fujian Provincial Government and involves multiple founding entities including Fujian Provincial Highway Co., Ltd. and others [1] - The company is part of the broader infrastructure sector in Fujian province, focusing on highway development and management [1] Fund Activity - Huashan Fund's Huashan Ju You Selected Mixed Fund has entered the top ten shareholders of Fujian Expressway, marking a new investment in the first quarter of this year [1] - The fund has achieved a year-to-date return of 2.19%, ranking 3285 out of 4557 in its category [1] Fund Manager Profile - The fund manager, Rao Xiaopeng, has a master's degree and over 11 years of experience in the investment management industry [3][4] - Rao has held various positions in different fund management companies, including roles as a research analyst and fund manager, before joining Huashan Fund in 2015 [3][4] Fund Management Company - Huashan Fund Management Co., Ltd. was established in June 1998, with a diverse ownership structure including major shareholders such as Guotai Junan Securities and others [4]

Core Viewpoint - The legal opinion letter confirms that the 2024 annual general meeting of Fujian Development Highway Co., Ltd. is scheduled for June 18, 2025, and that the meeting's procedures and results comply with relevant laws and regulations [1][4][6]. Group 1: Meeting Announcement and Procedures - The board of directors is the convener of the meeting, which will take place at 14:30 on June 18, 2025, at a specified location in Fuzhou [4][5]. - The meeting will utilize a combination of on-site and online voting methods, with specific time slots for online voting provided [5][6]. - The legal opinion letter verifies that the meeting's convening and holding procedures are in accordance with applicable laws, regulations, and the company's articles of association [6][7]. Group 2: Attendance and Voting - A total of 405 participants, representing 1,591,338,026 shares (57.9849% of the total share capital), attended the meeting either in person or via online voting [7][8]. - The meeting's voting process involved both on-site and online votes, with results announced immediately after the voting concluded [8][9]. - The voting results showed overwhelming support for the proposals, with significant percentages of shares voting in favor [8][9][10]. Group 3: Conclusion - The legal opinion concludes that all aspects of the meeting, including the convening, attendance, and voting procedures, comply with legal and regulatory requirements, rendering the resolutions valid [13].

Meeting Overview - The shareholders' meeting was held on June 18, 2025, at Linpu Plaza, Fuzhou [1] - The attendance rate of shareholders was 57.9849% [1] - The meeting was conducted in compliance with the Company Law and Articles of Association, combining on-site and online voting [1] Voting Results - All non-cumulative voting proposals were approved with significant majority support, including: - Proposal 1: 99.4138% in favor [1] - Proposal 2: 99.4430% in favor [1] - Proposal 3: 99.4160% in favor [1] - Proposal 4: 98.8571% in favor [1] - The cash dividend proposal received unanimous support from shareholders holding over 5% of ordinary shares [2] Legal Compliance - The meeting's procedures were confirmed to be in accordance with legal regulations and the company's governing documents by the appointed lawyers [3]

证券代码：600033 证券简称：福建高速 公告编号：临 2025-021 福建发展高速公路股份有限公司 2024年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议由公司董事会召集，由董事长方晓东先生主持，会议采用现场投票 和网络投票相结合的方式召开。本次会议的召集、召开和表决方式符合《公司法》 及《公司章程》的规定。 （五）公司董事、监事和董事会秘书的出席情况 1、公司在任董事11人，出席9人，董事李晟先生和杨建国先生因工作原因未 出席； （一）股东大会召开的时间：2025 年 6 月 18 日 （二）股东大会召开的地点：福州市仓山区城门镇林浦路 367 号林浦广场 5 号楼 9 层会议室 2、公司在任监事7人，出席5人，监事李文海先生和高莹女士因工作原因未 出席； 3、公司总经理钟永元先生、董事会秘书杨帆先生出席会议；财务负责人郑 建雄先生列席会议。 本次会议是否有否决议案：无 一、 会议召开和出席情况 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | ...

国浩律师（福州）事务所 关 于 福建发展高速公路股份有限公司 目 录 2024 年年度股东大会 之 法律意见书 福州市台江区望龙二路 1 号 IFC 福州国际金融中心 43 层 邮编：350004 43/F,International Financial Center,No.1 Wanglong 2nd Avenue, Taijiang District, Fuzhou,350004,P.R.China 电话/Tel: (+86)(591) 88115333 传真/Fax: (+86)(591) 8833 网址/Website:http://www.grandall.com.cn 2025 年 6 月 国浩律师（福州）事务所 股东大会法律意见书 | 一、本次股东大会的召集、召开程序 | 2 | | --- | --- | | 二、本次股东大会召集人和出席会议人员的资格 | 3 | | 三、本次股东大会的表决程序和表决结果 | 4 | | 四、结论 | 7 | 国浩律师（福州）事务所 关于福建发展高速公路股份有限公司 2024 年年度股东大会之法律意见书 致：福建发展高速公路股份有限公司 福建发展高速公路股份有 ...

Group 1 - The report highlights the steady growth in highway traffic volume, with a focus on the valuation recovery of H-shares and the systemic revaluation of A-shares, recommending specific stocks such as Zhejiang Huhangyong, Wantong Expressway, and Ninghu Expressway [3][4][32] - The railway passenger transport sector is experiencing structural changes in customer demographics, leading to a stable growth outlook, with a shift in valuation logic from PE to DCF and EV/EBITDA [3][4][56] - The railway freight sector is benefiting from the transformation of logistics and adjustments in railway freight pricing policies, with steady growth in freight volume and turnover, although the growth rate remains low [3][4][75] Group 2 - The logistics industry is being empowered by AI, which enhances traffic efficiency through the integration of traffic data models and optimization algorithms, allowing leading companies to expand their market share [3][4][105] - The report notes that the number of vehicles in China has reached 353 million by 2024, reflecting a year-on-year growth of 10.31%, indicating a robust demand for transportation services [5][11] - The report discusses the ongoing digital transformation in the railway sector, aiming for comprehensive digitization and intelligent upgrades by 2027, which will enhance operational efficiency [107][108]

Core Viewpoint - Fujian Development Highway Co., Ltd. has announced corrections to its 2023 and 2024 annual reports, clarifying that these corrections do not affect the financial statements or the operational performance for the respective years [1][7]. Summary of Corrections 1. Corrections to the 2023 Annual Report - The company corrected data in the "Management Discussion and Analysis" section regarding asset and liability analysis, specifically in the "Assets and Liabilities Status" subsection [1][4]. - Key corrections include: - Cash and cash equivalents increased to 1,149,023,312.52, representing 6.86% of total assets, up from 787,705,901.71 (4.75%), a change of 45.87% [1][3]. - Other current assets corrected to 9,864,874.77 (0.06%), up from 4,043,497.08 (0.02%), reflecting a 143.97% increase [1][3]. - Investment properties adjusted to 215,557,571.26 (1.29%), down from 222,920,050.66 (1.34%), a decrease of 3.30% [1][3]. - Construction in progress increased to 133,904,622.12 (0.80%), up from 118,201,458.75 (0.71%), a rise of 13.29% [1][3]. - Research and development expenses increased to 29,402,320.19 (0.18%), up from 16,499,864.27 (0.10%), a growth of 78.20% [1][4]. 2. Corrections to the 2024 Annual Report - Similar corrections were made in the 2024 annual report, maintaining the same structure and adjustments as the 2023 report [7][8]. - Notable changes include: - Cash and cash equivalents for 2024 reported at 1,995,529,098.57 (11.54%), an increase of 42.42% from the previous year [5][6]. - Investment properties for 2024 reported at 233,600,230.57 (1.35%), reflecting a 7.72% increase [5][7]. - Construction in progress for 2024 reported at 333,595,439.49 (1.93%), a significant increase of 59.86% [5][7]. - Other comprehensive income improved to 38,246,713.50 (0.22%), a recovery from -165,497,525.91 (-0.99%) in the previous year, indicating a change of 123.11% [6][7]. Additional Notes - The company expressed apologies for any inconvenience caused by these corrections and emphasized its commitment to enhancing the quality of information disclosure in the future [7][8].

证券代码：600033 证券简称：福建高速 编号：临 2025-020 福建发展高速公路股份有限公司 关于 2023 年、2024 年年度报告更正的公告 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法律责任。 福建发展高速公路股份有限公司（以下简称公司）分别于 2024 年 4 月 18 日、2025 年 4 月 19 日披露了公司《2023 年年度报告》《2024 年年度报告》。 经核查，公司披露的 2023 年、2024 年年度报告个别数据有误，现对相关信息进 行更正。本次更正不涉及对公司财务报表的调整，不会对公司 2023 年、2024 年 年度的经营业绩造成影响。 一、更正内容 | 项目名称 | 本期期末数 | 本期期 末数占 总资产 | 上期期末数 | 上期期末 数占总资 | 本期期末 金额较上 期期末变 | | | --- | --- | --- | --- | --- | --- | --- | | | | 的比例 | | 产的比例 | 动比例 | 情况说明 | | | | | | （%） | | | | | | （%） ...

Financial Performance - The company achieved operating revenue of CNY 3.05 billion in 2023, a year-on-year increase of 14.14%[30]. - Net profit attributable to shareholders reached CNY 902.26 million, up 7.36% compared to the previous year[30]. - Basic earnings per share increased to CNY 0.3288, reflecting a growth of 7.38% year-on-year[22]. - The weighted average return on equity rose to 8.18%, an increase of 0.29 percentage points from the previous year[22]. - Cash flow from operating activities amounted to CNY 2.10 billion, representing a 19.17% increase year-on-year[22]. - The company reported a significant increase in toll revenue, with a total of CNY 3.01 billion, up 14.11% year-on-year[30]. - The total operating cost was 1.51 billion RMB, reflecting a year-on-year growth of 12.85%[37]. - Net profit reached 1.15 billion RMB, up 8.29% compared to the previous year[37]. - The total revenue for the current period reached 194,326,300, with a year-on-year increase of 4.43% compared to 186,080,410 from the previous year[44]. Dividend and Profit Allocation - The company plans to distribute a cash dividend of 1.2 yuan per 10 shares based on a total share capital of 2.7444 billion shares, subject to shareholder approval[4]. - The company has reported a 10% allocation of the net profit for the year to statutory surplus reserves[4]. - The total cash dividend amount accounted for 36.50% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which was 902,256,084.22 RMB[108]. - The company implemented a cash dividend policy, distributing a total of 411,660,000 RMB in cash dividends based on 2,744,400,000 shares, at a rate of 1.5 RMB per 10 shares[103]. - The company plans to maintain a cash distribution of at least 30% of the annual distributable profit over the next three years, contingent on good financial and cash conditions[103]. Audit and Compliance - The company has received a standard unqualified audit report from Huaxing Accounting Firm[3]. - The company has confirmed that there are no instances where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[7]. - The company has not violated decision-making procedures for external guarantees[6]. - The company has established various specialized committees to oversee strategic planning, nominations, compensation, and auditing[70]. - The audit report confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2023[157]. Governance and Management - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with governance requirements[69]. - The company has implemented a robust information disclosure system to maintain transparency and protect shareholder rights[72]. - The company has established various internal management systems to maintain control over its subsidiaries, ensuring compliance with governance and financial standards[111]. - The company has not faced any major changes in competition or business operations from its controlling shareholders[74]. - The company has not reported any changes in shareholding for its directors and senior management during the reporting period[78]. Strategic Initiatives and Future Outlook - The company is focusing on enhancing service quality and operational efficiency through various measures, including optimizing service quality and cost reduction[31]. - The company is actively exploring expansion opportunities and improving sustainable development capabilities through project upgrades and financing[31]. - The company aims to leverage technological advancements in smart transportation to improve operational efficiency and service quality, aligning with national policy initiatives[58]. - Future outlook suggests a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[80]. - The company plans to enhance its operational management and focus on the main business of highway management, aiming to improve toll collection efficiency and service quality in 2024[60]. Risks and Challenges - The company acknowledges risks from macroeconomic fluctuations and industry policy changes, particularly regarding the expiration of toll road charges and the need for updated regulatory frameworks[63]. - The company faces a risk of traffic diversion due to the expanding highway network, which may impact existing routes[64]. - A special risk control team will be established to enhance investment decision-making and risk assessment processes[66]. - The company’s main business structure is heavily reliant on highway toll revenue, posing investment risks due to regulatory impacts[65]. Employee and Compensation - The total remuneration for the chairman, Fang Xiaodong, during the reporting period was 616,500 CNY[78]. - The total remuneration for the general manager, Zhong Yongyuan, during the reporting period was 155,500 CNY[78]. - The total remuneration for the independent director, Li Yun, during the reporting period was 36,000 CNY[78]. - The total remuneration for the employee supervisor, Li Wenhai, during the reporting period was 588,600 CNY[78]. - The company’s salary distribution policy considers operational performance and individual contributions, ensuring internal and external equity in compensation[101]. Investments and Assets - The company has invested in Xiamen International Bank, Haixia Insurance, and Industrial Bank, yielding good investment returns[34]. - The company operates a total of 282 kilometers of highways, with no new highway mileage added during the reporting period[33]. - The company has not made any new equity investments during the reporting period[53]. - The total assets at the end of the current period were 1,149,023,312.52, with a notable increase in cash reserves[50]. - The company’s total assets for Fujian Province Fuquan Expressway Co., Ltd. reached RMB 7.94 billion, with a net asset of RMB 6.63 billion and a revenue of RMB 1.632 billion in 2023, resulting in a net profit of RMB 661 million[56]. Cash Flow and Financial Position - The company’s cash flow from operating activities was CNY 324,344,700, indicating positive cash generation despite losses[196]. - The company reported a net cash outflow from investing activities of ¥639,009,402.31, worsening from a net outflow of ¥233,290,166.75 in 2022[182]. - The total amount raised from bond issuance was CNY 100,000,000, with all funds utilized as planned[150]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%[154]. - The company’s total liabilities decreased to ¥3,170,617,972.62 in 2023 from ¥3,422,601,377.98 in 2022, reflecting a reduction of about 7.3%[170].