Financial Performance - The company achieved operating revenue of CNY 4.08 billion in 2014, an increase of 4.27% compared to the previous year[37]. - Net profit attributable to shareholders was CNY 695.48 million, reflecting a growth of 6.40% year-on-year[37]. - Operating costs rose to CNY 2.37 billion, an increase of 9.45% year-on-year, primarily due to increased traffic and depreciation[37]. - The company’s basic earnings per share were CNY 0.30, up 7.14% from the previous year[30]. - Toll service revenue reached 2.644 billion RMB, up 5.28% year-on-year, primarily driven by increased traffic from the opening of the Jiujiang Yangtze River Second Bridge and Changliu Expressway[42]. - Engineering revenue decreased to 1.068 billion RMB, a decline of 15.72% year-on-year, mainly due to a reduction in external contracts undertaken by engineering subsidiaries[42]. - The net cash flow from operating activities was 1.556 billion RMB, down 3.62% from 1.615 billion RMB in the previous year, attributed to increased guarantee payments for highway construction projects[46]. - The net cash flow from investment activities improved by 34.04%, reaching -2.148 billion RMB, compared to -3.257 billion RMB last year, due to the recovery of principal from financial products[46]. - The net cash flow from financing activities increased by 25.53% to 820.845 million RMB, primarily due to bond issuance[47]. Capital Structure and Financing - The company successfully issued two bonds totaling CNY 28 billion, with a 7-year bond at an interest rate of 5.74% and a 10-year bond at 6.09%[38]. - The company received a total of CNY 23.47 billion in bank credit lines in 2014 to support its funding needs[38]. - The company has allocated CNY 600 million to a principal-protected bank product with a 54-day term, yielding a profit of CNY 4.26 million[65]. - The company has a total of CNY 1.2 billion in principal-protected bank products across various banks, with profits ranging from CNY 491,506.85 to CNY 4.26 million depending on the investment duration[66]. - The company aims to optimize its debt structure to reduce financial risks, maintaining a reasonable asset-liability ratio despite increasing debt levels[76]. - The company's total liabilities at the end of the reporting period amounted to 16.645 billion RMB, with a debt-to-asset ratio of 54.01%[109]. - Non-current liabilities totaled 11.316 billion RMB, primarily consisting of corporate bonds and medium-term notes at 7.728 billion RMB[109]. - Current liabilities reached 5.329 billion RMB, with short-term bank loans accounting for 650.5 million RMB and project engineering payables at 2.226 billion RMB[109]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling 233,540,701.40 yuan, which accounts for 33.58% of the net profit attributable to shareholders[2]. - The company plans to maintain a cash dividend distribution policy, with a minimum of 10% of the distributable profit to be distributed as cash dividends each year, and a cumulative distribution of at least 30% of the average annual distributable profit over the last three years[81]. - In 2014, the company distributed cash dividends totaling CNY 198.51 million, which accounted for 30.37% of the net profit attributable to shareholders in the consolidated financial statements[81]. - The company has committed to a cash dividend policy that has resulted in a cumulative cash distribution of CNY 784.70 million over the last three years, representing 89% of the average annual distributable profit[81]. Business Operations and Strategy - The company continues to engage in the investment, construction, management, toll collection, and maintenance of expressways[20]. - The company has not reported any changes in its main business since its listing[20]. - The company emphasizes the importance of risk awareness regarding future plans and development strategies[3][10]. - The company aims to enhance project management and has made progress on key construction projects, including the Changjiu expansion project[50]. - The company is focusing on technological innovation, implementing 27 new energy-saving and emission-reduction technologies in its engineering projects[51]. - The company anticipates challenges in revenue growth due to changes in road network structure and toll policies, impacting its main income source from toll services[73]. - The company plans to explore new profit growth points by leveraging its expertise in expressway construction and management, focusing on modern logistics, financial investment, and real estate[74]. - The company is adapting to the new normal of economic development, which includes a shift to medium-high growth in the expressway industry[72]. Related Party Transactions - The company expects to engage in daily related party transactions amounting to approximately RMB 1.28 billion for the year 2014, with signed contracts totaling RMB 497.6 million during the reporting period[88]. - Of the signed contracts, RMB 305.4 million is for engineering construction (including raw material procurement), RMB 161.5 million for electromechanical construction, RMB 5.3 million for supervision, and RMB 25.5 million for other services[88]. - The total amount of related party debts and credits at the end of the reporting period is RMB 4.695 billion, with RMB 1.545 billion provided to controlling shareholders and subsidiaries[90]. - The company has no significant related party transactions involving asset acquisitions or sales[89]. - The company’s related party transactions are primarily for operational purposes, mainly involving engineering project payments[90]. Corporate Governance - The company has established good cooperative relationships with multiple commercial banks, enhancing its debt repayment capacity[109]. - The company has maintained a strict insider information management system, with no regulatory actions taken against it during the reporting period[174]. - The company ensures equal treatment of all shareholders, particularly minority shareholders, in major decision-making processes[168]. - The company’s board of directors and supervisory board are composed in accordance with legal requirements, ensuring compliance and effective governance[169]. - The company has implemented a performance evaluation and incentive mechanism, including plans for long-term incentives such as equity incentives[172]. Audit and Compliance - The company has received a standard unqualified audit report from Da Xin Accounting Firm[4]. - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring the reliability of the financial statements[196]. - The company reported a fair representation of its financial status as of December 31, 2014, in accordance with accounting standards[198]. - There were no significant accounting errors or omissions reported during the period[191]. - The company maintained strict internal control measures to prevent significant misstatements in financial reporting[195]. Employee and Workforce - The total number of employees in the parent company is 2,587, with a total of 3,864 employees across the parent and major subsidiaries[160]. - The company has a core technical team that has not changed as of the end of the reporting period[159]. - The total remuneration for all directors, supervisors, and senior management was 4.6194 million yuan[157]. - The company plans to hold 21 training sessions throughout the year, aiming to train 1,480 employees[163]. - The company has established a minimum wage standard for employees that is not lower than the local provincial standards[167].

2014 年第三季度报告 江西赣粤高速公路股份有限公司 2014 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 | 2014 年第三季度报告 一、 重要提示 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 | | 度末增减(%) | 本报告期末比上年 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 总资产 | 30,893,760,672.15 | | 28,119,207,772.98 | | | | 9.87 | | 归属于上市公司股东的净资产 | 11,972,869,322.99 | | 11,427,047,511.92 | | | | 4.78 | | | 年初至报告期末 | | 上年初至上年报告期末 | | 比上年同期增减(%) | | | | | （1-9 ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 1,772,877,247.40, a decrease of 0.82% compared to CNY 1,787,558,235.07 in the same period last year[22]. - Net profit attributable to shareholders for the first half of 2014 was CNY 438,960,529.74, down 3.83% from CNY 456,438,346.24 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 332,263,137.02, a decrease of 5.76% compared to CNY 352,571,254.44 in the same period last year[22]. - Basic earnings per share for the first half of 2014 were CNY 0.19, down 5.00% from CNY 0.20 in the same period last year[20]. - The weighted average return on net assets was 3.78%, a decrease of 0.33 percentage points compared to 4.11% in the previous year[20]. - The company achieved operating revenue of CNY 1.77 billion, a decrease of 0.82% compared to the same period last year[27]. - The net profit attributable to shareholders was CNY 439 million, down 3.83% from the previous year, while the net profit excluding non-recurring gains and losses was CNY 332 million, a decrease of 5.76%[27]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 8.70% to CNY 816,762,196.64, compared to CNY 751,423,375.81 in the previous year[22]. - The company reported a net cash flow from operating activities of CNY 817 million, an increase of 8.70% year-on-year[29]. - The company’s cash flow from financing activities saw a significant decrease, with cash received from bond issuance dropping by CNY 3,500,000,000.00, a decline of 70% year-on-year[33]. - The company issued CNY 15 billion in targeted financing tools to ensure timely debt repayment and maintain liquidity, with total financing of CNY 30.88 billion in the first half[26]. - The company received a total of CNY 218.66 billion in comprehensive bank credit lines to support daily operations and project construction[26]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 28,709,151,612.90, an increase of 2.10% from CNY 28,119,207,772.98 at the end of the previous year[22]. - The total liabilities amounted to 15.168 billion RMB, with a debt-to-asset ratio of 52.83%[86]. - Non-current liabilities totaled 9.965 billion RMB, primarily consisting of corporate bonds and medium-term notes amounting to 4.953 billion RMB, project loans of 400 million RMB, and syndicated loans of 1.6016 billion RMB[86]. - The company's total liabilities reached CNY 15.17 billion, up from CNY 14.79 billion, indicating an increase of about 2.6%[112]. - The total equity attributable to shareholders was CNY 11.67 billion, compared to CNY 11.43 billion at the beginning of the year, representing a growth of approximately 2.1%[112]. Investments and Projects - The company is actively exploring investment opportunities in areas such as financial integration, equity investments, and new energy to create new profit growth points[28]. - Significant progress was made in key projects, with the Chang-Zhang and Chang-Jiu expansion projects nearing completion, and 50% of the road widening work completed[27]. - The company reported a total investment of CNY 724 million for the Chang-Zhang Expressway expansion project, with cumulative investment reaching CNY 266.48 million as of June 30, 2014[58]. - The company invested a total of 34,159.37 million yuan in the Chang-Jiu Highway expansion project as of June 30, 2014, with an additional investment of 8,979.59 million yuan during the reporting period[59]. Financial Management - The financial expenses increased by 10.33% due to rising financing costs, while management expenses decreased by 15.64% due to improved budget management[30]. - The company has established good cooperative relationships with multiple commercial banks, ensuring a solid debt repayment capability[87]. - The company maintained a AAA credit rating from Dagong Global Credit Rating Co., Ltd., indicating strong creditworthiness[87]. Shareholder Information - The cash dividend distributed to shareholders for the year 2013 was 198,509,596.19 yuan, representing 30.37% of the net profit attributable to shareholders[60]. - The company distributed CNY 198,509,596.19 to shareholders during the current period, which is a reduction from the previous year's distribution of CNY 352,646,459.11, showing a decrease of approximately 43.7%[141]. - The total number of shareholders at the end of the reporting period was 125,637, with the largest shareholder holding 51.98% of the shares[94]. Regulatory and Compliance - There were no significant lawsuits, arbitrations, or media disputes during the reporting period[65]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[139]. - The audit fee for the 2014 semi-annual report was 45万元, with a prior payment of 90万元 for the 2013 annual report audit[83]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern and comply with the requirements of the Accounting Standards for Business Enterprises[151]. - The company’s accounting period aligns with the calendar year, from January 1 to December 31[152]. - Financial assets are classified at initial recognition as either fair value through profit or loss, held-to-maturity investments, loans and receivables, or available-for-sale financial assets[163].

| 一、 | 重要提示 2 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 600269 江西赣粤高速公路股份有限公司 2014 年第一季度报告 一、 重要提示 2 600269 江西赣粤高速公路股份有限公司 2014 年第一季度报告 二、 公司主要财务数据和股东变化 江西赣粤高速公路股份有限公司 600269 2014 年第一季度报告 | | | 2.1 主要财务数据 扣除非经常性损益项目和金额： 单位：元 币种:人民币 | 项目 | 本期金额 | | --- | --- | | | （1－3 月） | | 非流动资产处置损益 | 0 | | 计入当期损益的政府补助，但与公司正常经 营业务密切相关，符合国家政策规定、按照 | 1,100,000.00 | | 一定标准定额或定量持续享受的政府补助 | | | 除外 | | | 除同公司正常经营业务相关的有效套期保 | 5,066,027.40 | | 值业务外，持有交易性金融资产、交易性金 | | | 融负债产生的公允价值变动损益，以及处置 | | | 交易性金融资 ...

江西赣粤高速公路股份有限公司 2013 年年度报告 2013 年年度报告 江西赣粤高速公路股份有限公司 600269 - 1 - 江西赣粤高速公路股份有限公司 2013 年年度报告 重要提示 一、 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 大信会计师事务所(特殊普通合伙)为本公司出具了标准无保留意见的审计报告。 四、 公司董事长黄铮先生、总经理谭生光先生及财务部经理胡晶女士声明：保证年度报告 中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案： 公司拟以 2013 年 12 月 31 日的总股本 2,335,407,014 股为基数，向全体股东每 10 股派 发现金红利 0.85 元（含税）。派发现金红利总额为 198,509,596.19 元。当年现金分红数额占 合并报表中归属于上市公司股东净利润的 30.37%，当年可供分配现金分红率为 26.69%。剩 余可分配利润留待以后年度分配。公司拟不实施资本公积金转增股本。 ...