Financial Performance - The company's operating revenue for the first half of 2017 was ¥2,158,570,260.89, a decrease of 5.90% compared to ¥2,293,809,609.84 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2017 was ¥589,602,788.22, down 20.22% from ¥739,007,756.18 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 17.57% to ¥343,176,059.67 from ¥291,880,855.95 in the same period last year[17]. - The net cash flow from operating activities for the first half of 2017 was ¥1,368,913,242.08, representing a significant increase of 90.23% compared to ¥719,612,859.75 in the previous year[17]. - Basic earnings per share decreased by 21.88% to CNY 0.25 compared to the same period last year[18]. - Diluted earnings per share also decreased by 21.88% to CNY 0.25 compared to the same period last year[18]. - The weighted average return on equity decreased by 1.40 percentage points to 4.18%[18]. - The company achieved operating revenue of 2.16 billion RMB, a year-on-year decrease of 5.90%[39]. - The net profit attributable to shareholders was 590 million RMB, down 20.22% compared to the previous year, primarily due to investment income from the transfer of Guosheng Securities in the same period last year[31]. - The company reported a significant decrease in long-term borrowings by 36.02% to approximately 906 million yuan, due to repayments of bank loans[51]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,943,358,005.29, a slight decrease of 0.23% from ¥32,017,867,941.45 at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were ¥14,043,874,384.65, a decrease of 1.09% from ¥14,199,176,829.89 at the end of the previous year[17]. - The company's debt-to-asset ratio increased by 0.50 percentage points to 51.52%, indicating a stable debt repayment capability[31]. - The total liabilities rose to CNY 16,455,747,402.71 from CNY 16,334,885,559.08, representing an increase of approximately 0.7%[113]. - The company's equity decreased to CNY 15,487,610,602.58 from CNY 15,682,982,382.37, a decline of about 1.2%[113]. Revenue Segments - The revenue from the highway business segment was approximately 1.47 billion RMB, with a gross margin of 57.22%, a decrease of 2.18% year-on-year[39]. - The revenue from fuel sales increased by 3.79% to 410.68 million RMB, attributed to rising prices of finished oil products[39]. - Toll service revenue was 1.471 billion yuan, a year-on-year decrease of 33 million yuan, influenced by the opening of new highways and increased traffic on certain routes[41]. - Engineering revenue decreased to 230 million yuan, down 70 million yuan year-on-year, attributed to a slowdown in highway construction and fewer projects[41]. Government Support and Risks - The company received fiscal support of 278 million yuan from the Jiangxi provincial government during the reporting period[49]. - The company faces risks from macroeconomic changes that could impact toll revenue, with a focus on analyzing regional economic conditions to mitigate these effects[62]. - Financial risks are present due to increasing funding needs and rising financial costs, prompting the company to optimize its financial structure and reduce capital costs[63]. - The company has detailed potential risks in its report, particularly in the section discussing future development and risk factors[4]. Corporate Governance and Shareholder Information - The company did not propose any profit distribution plan or capital reserve transfer to share capital during the reporting period[2]. - The company held its 2016 annual general meeting on March 28, 2017, with 293 participants representing 1,257,744,759 shares, accounting for 53.86% of the total share capital[67]. - The largest shareholder, Jiangxi Highway Investment Group, holds 1,213,856,322 shares, accounting for 51.98% of total shares[89]. - The company has committed to not competing with its controlling shareholder in any business within Jiangxi Province for 30 years[70]. Accounting Policies and Financial Reporting - The financial report was not audited, but the management team confirmed the accuracy and completeness of the financial report[5]. - The financial statements are prepared based on the actual transactions and events, adhering to the accounting standards issued by the Ministry of Finance[146]. - The company follows specific accounting policies and estimates related to revenue recognition and impairment of financial assets[148]. - The company recognizes financial instruments as either financial assets or liabilities upon entering into contracts[157]. Investment and Capital Expenditures - The company has engaged in various financing methods to invest in and acquire highways, enhancing its operational capacity[24]. - The total estimated cost for the Nanchang to Jiujiang Expressway expansion project is 6.524 billion RMB, with cumulative investments reaching 1.074 billion RMB as of June 30, 2017, including 534 million RMB invested during the reporting period[57]. - The company decided to increase the registered capital of its subsidiary Shanghai Jiarong by 1 billion RMB, raising its registered capital from 800 million RMB to 1.08 billion RMB, with a direct ownership stake of 97.22%[56]. Operational Transactions and Related Parties - The company has ongoing operational transactions with its parent company, primarily related to highway construction project payments[76]. - The company’s financial and operational transactions with related parties are not expected to adversely affect its financial condition[76]. - The company’s total receivables from related parties include significant amounts from its parent company, totaling 82,074.08 million RMB[75]. Miscellaneous - The company has maintained its core business in highway operation, engineering, and refined oil sales without changes during the reporting period[23]. - The company launched a new service brand "Satisfaction Gan-Yue" on January 20, 2017, to enhance customer experience[34]. - The company has introduced several new brands in its service areas, including McDonald's and local specialties, to improve commercial offerings[33].

2017 年第一季度报告 公司代码：600269 公司简称：赣粤高速 江西赣粤高速公路股份有限公司 2017 年第一季度报告 1 / 20 | 一、重要提示 | | 3 | | --- | --- | --- | | | 二、公司基本情况 | 3 | | 三、重要事项 | | 5 | | 四、附录 | | 8 | 2017 年第一季度报告 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司董事长吴克海先生、总经理谭生光先生、总经济师邹龙赣先生及财务部经理胡晶女士保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 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 | 31,625,396,795.73 | 32,017,867,9 ...

Financial Performance - The company's operating revenue for 2016 was approximately ¥4.55 billion, a decrease of 17.21% compared to ¥5.50 billion in 2015[20]. - Net profit attributable to shareholders increased by 45.69% to approximately ¥1.04 billion from ¥712 million in 2015[20]. - Basic earnings per share rose to ¥0.44, reflecting a 46.67% increase from ¥0.30 in 2015[21]. - The weighted average return on equity improved to 7.71%, an increase of 2.04 percentage points from 5.67% in 2015[21]. - The company's total assets at the end of 2016 were approximately ¥32.02 billion, a 3.09% increase from ¥31.06 billion at the end of 2015[20]. - Cash flow from operating activities was approximately ¥1.70 billion, down 10.46% from ¥1.90 billion in 2015[20]. - The company's net assets attributable to shareholders increased by 10.63% to approximately ¥14.20 billion from ¥12.83 billion in 2015[20]. - The company's EBITDA for 2016 was approximately CNY 3.06 billion, representing a 19.66% increase compared to CNY 2.56 billion in 2015[178]. Dividend Policy - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling 350,311,052.10 RMB, which represents 33.77% of the net profit attributable to shareholders in the consolidated financial statements[2]. - In 2016, the company declared a cash dividend of 1.50 CNY per share, maintaining the same amount as in 2015, with a total distribution of 350,311,052.10 CNY to shareholders[95]. - The company has a cash dividend policy that mandates a minimum of 10% of distributable profits to be distributed as cash dividends annually, with a cumulative distribution of 782.36 million RMB over the last three years[93]. Assets and Liabilities - As of December 31, 2016, the company's total assets amounted to 32.018 billion RMB, an increase of 0.959 billion RMB from the beginning of the year[43]. - The company's total liabilities were 16.335 billion RMB, a decrease of 0.308 billion RMB, resulting in a debt-to-asset ratio of 51.02%, down by 2.56 percentage points[43]. - The company's current assets totaled RMB 3.854 billion, up from RMB 3.621 billion at the start of the year, reflecting a growth of approximately 6.43%[192]. - The company's non-current assets reached RMB 28.164 billion, compared to RMB 27.438 billion at the beginning of the year, indicating an increase of about 2.65%[192]. - Total liabilities were RMB 16.335 billion, a slight decrease from RMB 16.643 billion at the beginning of the year, representing a reduction of approximately 1.85%[193]. - The company's equity totaled RMB 15.682 billion, reflecting a stable position compared to the previous year[193]. Revenue Streams - The company achieved over ¥3 billion in vehicle passage service revenue for the year[32]. - The company achieved operating revenue of 4.555 billion yuan, with toll revenue reaching 3.096 billion yuan, a year-on-year increase of 8.35%, marking a historical high[40]. - The company sold 132,000 tons of refined oil, generating sales revenue of 760 million yuan, while service area revenue reached 122 million yuan, a year-on-year increase of 20%[41]. - The toll service revenue reached 3.036 billion RMB, an increase of 0.179 billion RMB, driven by significant growth in several highways[49]. Financial Management and Risks - The company has provided a detailed description of potential risks in the report, particularly in the section discussing future development[4]. - The company acknowledges risks from macroeconomic changes that may impact toll revenue, and plans to analyze regional economic conditions to mitigate these effects[88]. - Financial risks are anticipated due to increasing funding needs, and the company will optimize its financial structure to lower capital costs[88]. - The company recognizes the challenges of high debt burdens and increasing financial costs affecting performance growth[82]. Corporate Governance - The company has received a standard unqualified audit report from Da Xin Accounting Firm[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[4]. - The company has established a performance evaluation system for senior management, with a performance reward fund incentive plan approved in December 2016, set to last for 5 years[163]. - The company has maintained a positive integrity status, with no significant debts or court judgments unmet during the reporting period[100]. Strategic Initiatives - The company actively participated in the restructuring of Huasheng Co., contributing an investment income of 547 million yuan[40]. - The company is positioned strategically within the national highway network, enhancing its competitive advantage in highway investment and management[38]. - The company plans to focus on quality improvement and network enhancement in highway construction, with an expected addition of over 5,000 kilometers of new highways in 2017[65]. - The company aims to leverage the integration strategy of Changjiu and Changfu to create new revenue and investment opportunities[82]. Employee and Management Information - The number of employees in the parent company is 2,395, while the total number of employees in the parent company and major subsidiaries is 3,558[147]. - The company has established a salary system linked to economic responsibility assessments for senior management[148]. - The total pre-tax remuneration for the chairman and general manager is 41.14 million yuan each[136]. - The company has implemented a performance incentive plan allowing for cash rewards up to 30% of the previous year's total salary for eligible employees[165].

2016 年第三季度报告 1.3 公司董事长吴克海、总经理谭生光、总经济师邹龙赣及财务部经理胡晶保证季度报告中财务 报表的真实、准确、完整。 江西赣粤高速公路股份有限公司 2016 年第三季度报告 1 / 24 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 11 | 2016 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 公司代码：600269 公司简称：赣粤高速 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 24 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 31,927,697,751.56 31,058,830,809.42 2.80 归属于上市公 ...

Financial Performance - Basic earnings per share for the first half of 2016 was CNY 0.32, an increase of 77.78% compared to CNY 0.18 in the same period last year[20] - Diluted earnings per share for the first half of 2016 was also CNY 0.32, reflecting the same growth of 77.78% year-on-year[20] - The weighted average return on net assets increased by 2.18 percentage points to 5.58% from 3.40% in the previous year[20] - The basic earnings per share after deducting non-recurring gains and losses was CNY 0.12, a decrease of 14.29% from CNY 0.14 in the same period last year[20] - The weighted average return on net assets after deducting non-recurring gains and losses decreased by 0.46 percentage points to 2.20% from 2.66%[20] - Net profit attributable to shareholders increased by 73.48% to RMB 739 million, primarily due to a gain of RMB 547 million from the transfer of Guosheng Securities equity[26] - The net profit excluding non-recurring gains and losses was RMB 291 million, down 12.30% year-on-year[26] - The company achieved a toll service revenue of RMB 1.50 billion, marking an 8.19% increase year-on-year[26] - The company achieved a total traffic service revenue of CNY 1.504 billion for the first half of 2016, representing an 8.19% increase compared to the same period last year, and completed 51.27% of the annual target of CNY 2.96 billion[34] - The investment income for the period was CNY 559.07 million, a significant increase of 2720.97% compared to CNY 19.82 million in the previous period, primarily due to the sale of the entire stake in Guosheng Securities[38] Revenue and Costs - The company reported a revenue of RMB 2.29 billion for the first half of 2016, a decrease of 1.20% compared to the same period last year[26] - Total operating revenue for the current period is CNY 2,293,809,609.84, a decrease of 1.2% from CNY 2,321,715,723.02 in the previous period[110] - Total operating costs increased to CNY 1,873,589,316.60, up 2.4% from CNY 1,820,167,298.69 in the previous period[110] - Operating profit rose significantly to CNY 979,290,433.07, compared to CNY 521,366,755.03 in the previous period, marking an increase of 87.7%[110] - The company reported a significant decrease in sales expenses, which rose to CNY 12,434,439.63 from CNY 11,986,755.60, reflecting a 3.7% increase[110] Assets and Liabilities - The company's total assets reached RMB 31.74 billion, an increase of 2.20% from the end of the previous year[26] - Total liabilities amounted to RMB 16.67 billion, slightly up from RMB 16.64 billion at the beginning of the year, indicating a marginal increase of 0.15%[103] - The company’s total liabilities increased significantly, with long-term payables rising by CNY 1 billion, or 641.71%, due to funds received for the Changjiu Expressway expansion project[37] - The company’s cash paid for purchasing goods and services decreased by 35.14%, from CNY 1.33 billion to CNY 864.39 million, attributed to reduced investment in expressway construction projects[40] Cash Flow - The net cash flow from operating activities was RMB 719 million, a decrease of 7.68% compared to the same period last year[31] - Cash flow from operating activities saw a significant decrease of 81.62%, dropping from CNY 380.38 million to CNY 69.92 million, mainly due to the exclusion of certain companies from the consolidation scope[39] - Cash flow from operating activities generated CNY 719,612,859.75, slightly down from CNY 779,456,556.53 in the previous period[116] - Cash inflow from financing activities increased to CNY 2,700,000,000.00 from CNY 1,200,000,000.00, with a net cash inflow of CNY 53,308,953.11 compared to a net outflow of CNY 298,519,864.95 last year[120] Investments - The company is actively pursuing expansion in the financial sector, having approved an investment of RMB 436.72 million in Hengbang Insurance, increasing its stake to 20%[28] - Long-term equity investments rose by CNY 438.40 million, or 160.88%, primarily due to investments in Hengbang Insurance[36] - The company reported a total investment in financial assets of CNY 2,086,214,168.46, with a gain of CNY 320,039,513.01 during the reporting period[46] Shareholder Information - The company distributed a cash dividend of RMB 1.50 per 10 shares, totaling RMB 350,311,052.10, based on a total share capital of 2,335,407,014 shares as of December 31, 2015[54] - The company has not proposed any profit distribution or capital reserve transfer plan for the half-year period[55] - The total number of shareholders was 112,859, with no changes in the total number of shares and capital structure during the reporting period[76][75] - The largest shareholder, Jiangxi Provincial Highway Investment Group, held 1,213,856,322 shares, accounting for 51.98% of the total shares, with no changes during the reporting period[78] Corporate Governance - The company maintained a "no error" information disclosure record, having issued 33 temporary announcements in the first half of the year[70] - The company held one annual general meeting, four board meetings, and three supervisory board meetings during the reporting period, ensuring clear responsibilities among governance bodies[70] - The company has committed to not competing with its controlling shareholder in any business development within Jiangxi Province[68] Accounting Policies - The financial statements are prepared based on actual transactions and in accordance with the accounting standards issued by the Ministry of Finance[135] - The company adheres to specific accounting policies for revenue recognition and other transactions based on its operational characteristics[137] - The company recognizes revenue from sales of goods when the risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[189] Taxation - The company has a corporate income tax rate of 25% for most subsidiaries, with a reduced rate of 15% for Jiangxi Fangxing Technology Co., Ltd.[200] - The company transitioned from business tax to value-added tax for highway toll services and construction services starting May 1, 2016[200]

2016 年第一季度报告 公司代码：600269 公司简称：赣粤高速 江西赣粤高速公路股份有限公司 2016 年第一季度报告 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 9 | 2016 年第一季度报告 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司董事长吴克海、总经理谭生光、总经济师邹龙赣及财务部经理胡晶保证季度报告中财务 报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司主要财务数据和股东变化 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 | 31,485,283 ...

Financial Performance - The company's operating revenue for 2015 was CNY 5,501.6 million, representing a 34.83% increase compared to CNY 4,080.5 million in 2014[20]. - Net profit attributable to shareholders was CNY 712.1 million, a 2.39% increase from CNY 695.5 million in 2014[20]. - The net profit after deducting non-recurring gains and losses was CNY 364.7 million, a decrease of 31.58% from CNY 532.9 million in 2014[20]. - The cash flow from operating activities was CNY 1,899.3 million, up 22.05% from CNY 1,556.2 million in 2014[20]. - Basic earnings per share remained at CNY 0.30, while diluted earnings per share also stayed at CNY 0.30[21]. - The weighted average return on equity decreased to 5.67%, down 0.19 percentage points from 5.86% in 2014[21]. - The total assets at the end of 2015 were CNY 31,058.8 million, a slight increase of 0.77% from CNY 30,820.7 million in 2014[20]. - The company's total assets reached 31.1 billion RMB by the end of 2015, an increase of 67.3% compared to the end of the previous five-year plan[46]. Dividend Policy - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling 350,311,052.10 RMB, which represents 49.19% of the net profit attributable to shareholders[2]. - The company has committed to a cash dividend policy, distributing at least 10% of the annual distributable profit, with a total cash dividend of CNY 233.54 million in 2014, accounting for 33.58% of the net profit attributable to shareholders[97]. - The company has distributed a total of CNY 784.70 million in cash dividends over the last three years, exceeding the average distributable profit by 3.85%[97]. Risk Management - The company has provided a detailed description of potential risks in its management discussion and analysis section[4]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[3]. - The company faces challenges including rising operational costs and financial expenses, which have impacted profit growth[88]. - The company has faced risks including macroeconomic changes affecting transportation demand and financial risks due to increasing funding needs and rising financial costs[92]. Corporate Governance - The company received a standard unqualified audit report from Da Xin Accounting Firm[4]. - The company's financial report is guaranteed to be true, accurate, and complete by its board of directors[4]. - The company has not faced any major litigation or arbitration matters during the reporting period[109]. - There are no instances of the company or its controlling shareholders failing to fulfill court judgments or significant debts during the reporting period[109]. - The company has established a governance mechanism that clearly defines the responsibilities and powers of its decision-making and supervisory bodies[168]. - The company has not faced any regulatory penalties from securities regulatory authorities during the reporting period[172]. Strategic Initiatives - The company aims to leverage the "Internet + Transportation" initiative to enhance its competitive edge and drive growth in the transportation sector[87]. - The company plans to enhance its highway business management and service levels while exploring development opportunities in LNG refueling stations, charging piles, and photovoltaic power generation along highways[89]. - The company will focus on the expansion of new industries, particularly in finance, internet+, tourism, and real estate, to establish strategic new business segments[89]. - The company aims to optimize asset management by enhancing market development capabilities of subsidiaries and ensuring synchronized growth in operating income and net profit[91]. Financing Activities - The company issued CNY 7 billion seven-year corporate bonds, which were listed for trading on the Shanghai Stock Exchange[32]. - The company has secured a total bank credit line of 41.087 billion RMB and completed financing of 4.386 billion RMB during the reporting period[52]. - The company is actively exploring low-cost, low-risk financing methods to support its operational and strategic development needs[91]. Operational Highlights - The company managed a total of 796 kilometers of highways, accounting for 15.64% of the total operational highways in Jiangxi Province[39]. - The company successfully completed the expansion projects of Chang-Zhang Expressway and Chang-Jiu Expressway during the reporting period[51]. - The company achieved toll service revenue of ¥2,857,000,000, an increase of ¥213,000,000, attributed to higher traffic volumes and marketing efforts[59]. - The company has established a strong pipeline of projects, indicating a robust outlook for future earnings and market expansion[110]. Shareholder Information - The largest shareholder, Jiangxi Provincial Highway Investment Group, holds 1,213,856,322 shares, representing 51.98% of total shares[137]. - The total number of ordinary shareholders increased from 121,016 to 123,464 during the reporting period[135]. - The company has no other corporate shareholders holding more than 10% of shares as of the report date[145]. Employee and Management Structure - The total number of employees in the parent company is 2,573, and in major subsidiaries, it is 1,321, resulting in a total of 3,894 employees[163]. - The company has implemented a salary system linked to economic responsibility assessments for senior management, ensuring compliance with national laws and regulations[164]. - The total remuneration for all directors, supervisors, and senior management was 3.4239 million yuan[157]. Audit and Compliance - The company's internal control audit received a standard unqualified opinion from the auditing firm[182]. - The independent directors did not raise any objections to board resolutions during the reporting period[177]. - The audit committee convened 6 meetings, reviewing 13 proposals and effectively supervising external audit institutions and internal controls[179].

| 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 11 | 江西赣粤高速公路股份有限公司 2015 年第三季度报告 1 / 24 2015 年第三季度报告 2015 年第三季度报告 一、 重要提示 公司代码：600269 公司简称：赣粤高速 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 24 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 30,301,234,917.32 30,820,729,046.40 -1.69 归属于上市公司股东的净资产 12,454,917,217.13 12,346,250,243.16 0.88 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金流量净额 1,645,292,570.60 1,160,802,962.33 41.74 年初至报告期末 （1- ...

Financial Performance - Basic earnings per share for the first half of 2015 were CNY 0.18, a decrease of 5.26% compared to CNY 0.19 in the same period last year[21] - Diluted earnings per share for the first half of 2015 were also CNY 0.18, reflecting a 5.26% decline from CNY 0.19 year-on-year[21] - The weighted average return on net assets was 3.40%, down by 0.38 percentage points from 3.78% in the previous year[21] - The return on net assets after deducting non-recurring gains and losses was 2.66%, a decrease of 0.20 percentage points from 2.86% in the same period last year[21] - Net profit attributable to shareholders was RMB 425.98 million, a decrease of 2.96% compared to the same period last year[27] - The net profit excluding non-recurring gains and losses was RMB 332.82 million, showing a slight increase of 0.17% year-on-year[27] - The company achieved operating revenue of RMB 2.32 billion in the first half of 2015, a year-on-year increase of 30.96%[27] - Cash flow from operating activities was RMB 779.46 million, down 4.57% from the previous year[27] - The company reported a significant decrease in cash received from investment recoveries, totaling ¥1,420,000,000.00, down 45.38% from ¥2,600,000,000.00, mainly due to reduced redemptions of principal-protected financial products[42] - The company’s cash flow from operating activities increased by 33.56% to ¥2,356,123,330.39, compared to ¥1,764,063,494.24 in the previous period, attributed to higher toll service and engineering income[42] Revenue and Costs - The company's operating revenue for the current period reached ¥2,321,715,723.02, an increase of 30.96% compared to ¥1,772,877,247.40 in the previous period, primarily due to increased toll service and engineering income[39] - Operating costs rose to ¥1,378,629,852.97, reflecting a 59.52% increase from ¥864,255,318.37, driven by the growth in revenue and depreciation from construction projects[39] - Total operating revenue for the first half of 2015 reached ¥2,321,715,723.02, an increase of 30.96% compared to ¥1,772,877,247.40 in the same period last year[109] - Total operating costs amounted to ¥1,820,167,298.69, up 39.00% from ¥1,309,052,344.43 in the previous year[109] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 31.54 billion, an increase of 2.32% from the end of the previous year[27] - The company's total liabilities reached ¥17,105,544,110.06, up from ¥16,644,845,483.03 at the start of the year, indicating a growth in financial obligations[102] - The company's total equity stood at ¥14,429,797,426.23, compared to ¥14,175,883,563.37 at the beginning of the year, indicating a growth in shareholder value[102] - The company's total assets as of the end of the reporting period were ¥27,540,915,767.07, compared to ¥26,985,458,561.36 at the beginning of the period[106] Shareholder Information - The company distributed a cash dividend of 1.00 RMB per 10 shares, totaling 233,540,701.40 RMB, which represents 33.58% of the net profit attributable to shareholders[60] - The total number of shareholders as of the end of the reporting period is 132,605[87] - The largest shareholder, Jiangxi Provincial Highway Investment Group Co., Ltd., holds 1,213,856,322 shares, representing 51.98% of the total shares[88] - The company has not experienced any changes in its total share capital or share structure during the reporting period[85] Corporate Governance - The company’s chairman and senior management confirmed the accuracy and completeness of the financial report[5] - The company is committed to improving its corporate governance structure in accordance with relevant regulations and has developed a dividend return plan for 2015-2017 to protect the rights of minority shareholders[78] - The company’s board of directors has confirmed that there are no discrepancies in the actual status of its corporate governance structure compared to the requirements of the Corporate Governance Code[79] - The company has made a commitment not to compete with the Provincial Highway Group in any business development within Jiangxi Province[80] Investment and Projects - The company is actively pursuing strategic transformation and investment in emerging industries and modern transportation logistics[29] - The company has cumulative investments of CNY 364,811.35 million in the Changzhang Expressway expansion project, with CNY 56,538.98 million invested during the report period[58] - The company has invested CNY 300,000,000.00 from a total fundraising of CNY 2,800,000,000.00, with CNY 2,200,000,000.00 allocated for debt repayment and CNY 600,000,000.00 for working capital[55] - The company won bids for multiple highway construction projects, with total bid amounts reaching 1,135,911,738 RMB[65] Financial Reporting and Audit - The company’s half-year report was not audited, ensuring transparency in financial reporting[5] - The financial report was approved by the board of directors on August 14, 2015, indicating timely financial disclosures[139] - The company decided to renew the appointment of Da Xin Accounting Firm for the 2015 financial audit and internal control audit, with total fees not exceeding RMB 1.4 million (RMB 900,000 for financial audit and RMB 500,000 for internal control audit)[77] Cash Flow and Financing Activities - The cash flow from financing activities resulted in a net outflow of approximately ¥239 million, compared to a net inflow of ¥270 million in the same period last year[116] - The company reported a net cash flow from financing activities of -¥298,519,864.95, compared to a positive cash flow of ¥362,996,788.92 in the same period last year[118] - Cash inflow from financing activities totaled ¥1,200,000,000.00, a decrease of 61.1% compared to ¥3,087,600,000.00 in the previous year[118] Accounting Policies - The financial statements are prepared based on the actual transactions and events, adhering to the accounting standards issued by the Ministry of Finance[141] - The company follows specific accounting policies for revenue recognition and impairment of financial assets, including provisions for bad debts and inventory[143] - Revenue from sales is recognized when the risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[195] - The company recognizes real estate sales revenue when the main risks and rewards of ownership are transferred to the buyer, and all payments are received or expected to be recoverable[196]

| 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 江西赣粤高速公路股份有限公司 2015 年第一季度报告 公司代码：600269 公司简称：赣粤高速 2015 年第一季度报告 一、 重要提示 2015 年第一季度报告 1 / 19 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 | 31,231,407,444.67 | 30,820,729,046.40 | | 1.33 | | 归属于上市公司 | 12,719,330,475.99 | 12,346,250,243.16 | | 3.02 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 570,791,089.64 | 388,597,108.00 | | ...