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。 江西赣粤高速公路股份有限公司第八届董事会第十八次会议于 2023 年 8 月 8 日以通讯表决方式召开，本次会议于 2023 年 8 月 7 日 以直接送达和邮件方式发出会议通知和材料。应参加会议投票表决的 董事 8 人，实际收回有效表决票 8 张，符合《公司法》和《公司章程》 的有关规定。会议以书面表决方式审议通过以下议案： 一、审议通过《关于修订<经理层选聘工作办法>的议案》； | 证券代码:600269 | 股票简称:赣粤高速 编号:临2023-025 | | --- | --- | | 债券代码:122317 | 债券简称:14 赣粤 02 | 江西赣粤高速公路股份有限公司 第八届董事会第十八次会议决议公告 四、审议通过《关于聘任公司总经理的议案》； 接控股股东江西省交通投资集团有限责任公司的通知，因工作岗 位调整，李诺先生不再担任公司总经理。 表决情况：8 票同意、0 票反对、0 票弃权。 二、审议通过《关于修订<总经理工作细则>的议案》； 表决情况：8 票同意 ...

证券代码:600269 股票简称:赣粤高速 编号:临 2023-016 债券代码:122317 债券简称:14 赣粤 02 江西赣粤高速公路股份有限公司 关于参加 2023 年江西辖区上市公司投资者 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 完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，公司将参加由江西证监局、 江西省上市公司协会与深圳市全景网络有限公司联合举办的"2023 年江西辖区上市公司投资者集体接待日活动"，现将相关事项公告如 下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（https://rs.p5w.net），或关注微信公众号：全景财经，或下 载全景路演APP，参与本次互动交流，活动时间为2023年5月19日（周 五）14:30-17:00。届时公司高管将在线就公司2022年度业绩、公司 治理、发展战略、经营状况、融资计划和可持续发展等投资者关心的 问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 江西赣粤高速公路股份有限公司董事会 2023 年 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,555,995,831.31, representing a decrease of 17.30% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was ¥423,144,746.54, an increase of 27.40% year-on-year[5] - Basic and diluted earnings per share were both ¥0.18, reflecting a year-on-year increase of 28.57%[5] - The company reported a total comprehensive income of ¥411,949,432.27 for the quarter, down from ¥659,887,086.19 in the same period last year[15] - Net profit for Q1 2023 reached ¥454,240,268.03, an increase of 22.9% from ¥369,387,106.34 in Q1 2022[33] - The company achieved an investment income of ¥14,235,218.59 in Q1 2023, a significant increase from ¥1,170,429.11 in Q1 2022[33] - The company's total revenue from sales and services received in Q1 2023 was $710.90 million, down from $743.93 million in Q1 2022, reflecting a decrease of approximately 4.4%[46] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥607,852,344.68, marking a significant increase of 46.95% compared to the previous year[5] - Cash inflow from operating activities for Q1 2023 was approximately $1.91 billion, a decrease of 18.83% compared to $2.35 billion in Q1 2022[17] - Net cash flow from operating activities for Q1 2023 was $612.50 million, a decrease of 18.9% compared to $755.62 million in Q1 2022[46] - Cash and cash equivalents increased to ¥4,338,153,687.77 from ¥1,692,978,709.34 at the end of the previous year[12] - Cash and cash equivalents at the end of Q1 2023 amounted to ¥4,335,215,588.19, up from ¥3,983,119,774.29 at the end of 2022[36] - The company reported a net cash outflow from investing activities of ¥145,963,185.72 in Q1 2023, compared to a net inflow of ¥300,003,416.57 in Q1 2022[36] - The company’s cash flow from financing activities included a 120% increase in cash received from bond issuance, reflecting a strategy to enhance liquidity[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥37,343,694,099.79, up 7.88% from the end of the previous year[6] - The company's total liabilities increased to RMB 9.65 billion from RMB 7.77 billion, indicating a rise in financial obligations[31] - The company's total assets as of March 31, 2023, were ¥30,433,430,333.16, compared to ¥28,297,495,999.17 at the end of 2022[38] - Current liabilities rose to $8.66 billion, up from $7.23 billion, indicating an increase of about 19.8%[39] Shareholder Information - The company had a total of 67,864 common shareholders at the end of the reporting period[8] - The company has a significant shareholder, Jiangxi Provincial Transportation Investment Group, holding 47.52% of shares[27] - The company’s equity structure includes various state-owned and private shareholders, with no reported pledges or restrictions on shares[27] Investment and Growth - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[61] - The company signed a syndicated loan agreement totaling RMB 9.7 billion for the expansion project of the Zhangshu to Jian Highway[29] Expenses - Total operating costs for Q1 2023 were ¥1,063,930,195.43, down 21.0% from ¥1,346,510,770.54 in Q1 2022[33] - The company's financial expenses decreased to RMB 111,843,129.21 in Q1 2023 from RMB 122,065,065.71 in Q1 2022[33] - The company's financial expenses decreased to RMB 84,738,159.77 in Q1 2023 from RMB 93,663,738.09 in Q1 2022[61] - The tax expense for Q1 2023 was RMB 133,678,317.59, compared to RMB 65,863,525.91 in Q1 2022, indicating a higher tax burden[61]

证券代码:600269 股票简称:赣粤高速 编号:临 2023-015 债券代码:122317 债券简称:14 赣粤 02 江西赣粤高速公路股份有限公司 关于召开2022 年度业绩说明会的公告 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。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 26 日（星期三）至 5 月 5 日（星期 五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 gygs@600269.cn 进行提问。公司将在说明会上对投资 者普遍关注的问题进行回答。 公司已于 2023 年 3 月 21 日发布公司 2022 年年度报告，为便于 广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况， 公司计划于 2023 年 5 月 8 日（星期一）上午 9:00-10:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网 ...

Financial Performance - The company's operating revenue for 2022 was CNY 6,758,397,140.68, representing a 5.11% increase compared to CNY 6,429,549,627.37 in 2021[24] - The net profit attributable to shareholders of the listed company decreased by 21.99% to CNY 695,973,133.38 from CNY 892,110,483.76 in the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 736,976,011.44, down 28.68% from CNY 1,033,407,951.05 in 2021[24] - The net cash flow from operating activities was CNY 2,575,132,841.17, a decrease of 23.84% compared to CNY 3,381,184,029.48 in 2021[24] - The total assets at the end of 2022 were CNY 34,614,676,647.01, a decrease of 1.28% from CNY 35,063,364,506.58 at the end of 2021[24] - The net assets attributable to shareholders of the listed company increased by 3.32% to CNY 16,830,407,691.97 from CNY 16,289,479,358.32 in the previous year[24] - The company's operating revenue reached RMB 6.758 billion, marking a new high, with a net profit attributable to shareholders of RMB 696 million[35] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 737 million, with earnings per share of RMB 0.30[35] - The toll service revenue was RMB 3.362 billion, a decrease of 7.69% compared to 2021, but an increase of 9.70% compared to 2019[35] - The net cash flow from operating activities was RMB 413.63 million, showing a significant decrease from RMB 991.85 million in the previous year[35] - The weighted average return on net assets was 4.21%, down 1.36 percentage points from the previous year[45] - The basic earnings per share decreased by 21.05% from RMB 0.38 in 2021 to RMB 0.30 in 2022[45] Investment and Financing - The company successfully registered CNY 60 billion in corporate bonds and CNY 40 billion in short-term financing bonds, enhancing its financing capabilities[60] - The company issued CNY 15 billion in short-term financing bonds and CNY 5 billion in medium-term notes, with the latter achieving the lowest interest rate for similar bonds in the province's history[60] - The company has a remaining unused bank credit limit of CNY 35.57 billion as of December 31, 2022, providing substantial liquidity for future projects[60] - The company has approved an investment of 13.295 billion yuan for the expansion project of the Zhangshu to Jian Highway, with a cumulative investment of 504 million yuan completed by December 31, 2022[111] - The company has also approved an estimated investment of 2.297 billion yuan for the second phase of the Nanchang to Zhangshu Highway expansion, with a cumulative investment of 44 million yuan completed by December 31, 2022[111] - The company has signed a loan agreement for CNY 1.2 billion with a bank for the purpose of replacing self-funded portions of highway expansion projects, indicating ongoing investment in infrastructure[128] Operational Management - The company is actively optimizing its industrial layout and enhancing operational management to adapt to market changes[35] - The company plans to enhance operational management by improving budget management and data monitoring to optimize operations, aiming for increased revenue and reduced costs[168] - The company is focusing on transformation and upgrading, driving dual engines of industrial operation and capital operation to enhance operational efficiency and expand capital operations[141] - The highway business remains the foundation, aiming for steady development and quality improvement to continuously provide profits[141] - Smart transportation is a key future development area, with increased investment in critical elements to form core competitiveness[141] Corporate Governance - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[3] - The company received recognition for its board of directors and best practices in corporate governance during the year[55] - The company has a strong governance structure with independent directors and specialized committees in place[192] - The management team consists of experienced professionals with backgrounds in finance, engineering, and law, enhancing the company's strategic capabilities[186] - The company has a structured remuneration decision-making process, linking compensation to operational performance and various business metrics[159] - The company emphasizes the importance of risk management and auditing, with a dedicated risk control and audit department led by a staff supervisor[156] Market Expansion and Development - The company plans to expand its highway network to over 7,500 kilometers by 2025, with investments exceeding CNY 200 billion[61] - The company is actively pursuing strategic partnerships and financing opportunities to support its growth initiatives and infrastructure projects[60] - The company is focusing on increasing land reserves and innovating marketing strategies to accelerate project turnover[121] - The company is committed to the development of smart transportation and the integration of new technologies such as big data and artificial intelligence into its operations[119] - The company aims to enhance its service offerings in the tourism and hospitality sectors, reflecting a diversification strategy[164] Risk Management - The company has disclosed potential risks in its future development discussions[5] - The company acknowledges macroeconomic risks, including geopolitical conflicts and global inflation, which may impact toll service revenue[170] - The company will closely monitor industry policies and maintain communication with government departments to mitigate policy risks[170] - The company has established a risk assessment report for its financial subsidiary, indicating a proactive approach to managing financial risks[164] Research and Development - The company's R&D expenses for the period amounted to ¥73,358,013.56, representing 1.09% of total revenue[72] - The total number of R&D personnel is 210, accounting for 7.08% of the company's total workforce[72] - The company completed 25 research projects and obtained 36 patents and 17 software copyrights[82] - The company is actively exploring new technologies such as AI and 5G in its smart transportation initiatives[66] Tax and Cash Flow - The company reported a significant increase in tax refunds received, totaling CNY 52,754,742.43 in 2022, compared to CNY 1,061,854.74 in 2021, representing a year-on-year growth of 4,868.17%[125] - Investment income received in cash rose to CNY 33,378,599.76 in 2022, up 155.49% from CNY 13,064,592.76 in 2021, primarily due to large certificate interest received[125] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets increased by 96.17% to CNY 1,050,842,429.35 in 2022 from CNY 535,672,239.43 in 2021, attributed to increased funding for highway project construction[125] - The company has experienced a significant decrease in cash and cash equivalents due to the repayment of interest-bearing liabilities[102] Human Resources - The total pre-tax remuneration for senior management during the reporting period amounted to CNY 5.56 million[151] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 5.5612 million yuan[159] - The company emphasizes the importance of human resources and talent development within its organizational strategy[186]

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,329,814,546.28, a decrease of 8.08% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2022 was ¥140,003,422.85, an increase of 47.43% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥272,064,543.25, reflecting a 9.52% increase compared to the previous year[6] - The basic earnings per share for Q3 2022 was ¥0.06, up 50.00% from the same period last year[7] - The diluted earnings per share for Q3 2022 was also ¥0.06, marking a 50.00% increase year-on-year[7] - The weighted average return on equity for Q3 2022 was 0.86%, an increase of 0.28 percentage points compared to the previous year[7] - Total operating revenue for the first three quarters of 2022 reached RMB 4,412,352,057.48, an increase of 6.5% compared to RMB 4,145,554,447.48 in the same period of 2021[33] - Net profit attributable to shareholders of the parent company was RMB 690,037,715.33, representing a 14.4% increase from RMB 603,018,234.47 in the same period of 2021[34] - The company achieved a gross profit of RMB 1,823,015,257.11, with a gross profit margin of approximately 41.3%[33] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥2,179,945,494.20, a decrease of 7.62% compared to the previous year[6] - The company reported a net cash flow from operating activities of RMB 2,179,945,494.20, a decrease of 7.6% compared to RMB 2,359,655,520.20 in the previous year[39] - Cash inflow from investment activities totaled RMB 862,686,595.15, compared to RMB 647,593,220.08 in the previous year[39] - The net cash flow from investing activities was -$928.22 million, compared to -$517.97 million in the previous period, indicating a decline of approximately 79.4%[40] - Cash flow from investing activities for the first three quarters of 2022 was -CNY 327,992,574.92, compared to -CNY 75,559,613.90 in the same period of 2021[58] Assets and Liabilities - The total assets attributable to shareholders at the end of the reporting period were ¥35,214,517,177.25, a slight increase of 0.43% from the end of the previous year[7] - As of September 30, 2022, total current assets decreased to ¥8,261,247,990.09 from ¥8,899,513,805.31, a decline of approximately 7.16% year-over-year[25] - Total non-current assets increased to ¥26,953,269,187.16 from ¥26,163,850,701.27, an increase of approximately 3%[28] - Total liabilities decreased slightly to ¥16,514,845,681.79 from ¥16,932,478,497.70, a reduction of about 2.5%[30] - The company's total equity increased to ¥18,699,671,495.46 from ¥18,130,886,008.88, reflecting an increase of approximately 3.13%[30] - The total assets decreased to $28.95 billion from $29.91 billion, showing a reduction of about 3.2%[48] - The total liabilities decreased to $13.53 billion from $14.73 billion, indicating a decline of approximately 8.1%[48] - The total equity increased to $15.42 billion from $15.18 billion, reflecting a growth of about 1.6%[50] Shareholder Information - The total number of common shareholders at the end of the reporting period was 70,918[15] - The largest shareholder, Jiangxi Provincial Transportation Investment Group, holds 1,109,774,225 shares, accounting for 47.52% of total shares[18] Expenses and Impairments - The company reported a significant increase in non-current asset disposal gains, contributing to the overall profit growth[13] - Credit impairment losses amounted to -458.25 million, mainly due to the provision for impairment of prepaid accounts[15] - Asset impairment losses were 147.37 million, primarily due to a decrease in contract assets[15] - Research and development expenses increased to RMB 26,530,129.54, up from RMB 24,579,272.95 in the same period of 2021[33] - The company reported a decrease in financial expenses, with interest expenses at CNY 351,384,508.39, down from CNY 403,607,682.13 in the same period of 2021[52] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[35]

Financial Performance - Operating revenue rose by 14.22% to CNY 3,082,537,511.20, while net profit attributable to shareholders increased by 8.26% to CNY 550,034,292.48[20]. - Basic earnings per share increased by 9.09% to CNY 0.24 compared to the same period last year[19]. - The company achieved operating revenue of 3.08 billion yuan, a year-on-year increase of 14.22%[36]. - Net profit attributable to shareholders reached 550 million yuan, up 8.26% year-on-year[31]. - The company reported a net profit after deducting non-recurring gains and losses for the first half of the year was approximately ¥542.71 million, a decrease of 4.38% year-on-year[93]. - The company reported a profit margin of approximately 19.5% for the first half of 2022, compared to 20.9% in the same period last year[102]. - The company recorded a comprehensive income of CNY 777,917,316.26 for the first half of 2022, compared to CNY 550,034,292.48 in the same period of 2021, indicating a growth of 41.3%[115]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 16.61% to CNY 1,405,482,007.50 compared to the previous year[20]. - The company's cash and cash equivalents increased by 50.19% year-on-year, reaching approximately RMB 4.18 billion, primarily due to government subsidies and the recovery of investment funds from subsidiaries[38]. - The company reported a net cash flow from operating activities of approximately ¥1.41 billion, a decrease of 16.6% compared to ¥1.69 billion in the first half of 2021[109]. - The total cash inflow from operating activities was CNY 1,867,199,672.43, up from CNY 1,497,941,258.72 in the previous year, reflecting a growth of 24.7%[113]. - Cash and cash equivalents at the end of the period amounted to approximately ¥4.17 billion, an increase from ¥3.79 billion at the end of the first half of 2021[110]. - The company reported a net cash outflow from financing activities of approximately ¥265.98 million, an improvement from a net outflow of ¥302.40 million in the first half of 2021[110]. Investments and Acquisitions - The company is involved in the acquisition of a 50.43% stake in Guosheng Jinkong, which will change its controlling shareholder[22]. - The company is actively pursuing investment opportunities in smart transportation and new energy sectors, with a focus on high-growth industries[35]. - The total investment for the highway expansion project is estimated at RMB 13.295 billion, with cumulative investment completed as of June 30, 2022, at RMB 82 million[42]. - The company has ongoing projects with estimated total investments of RMB 1.784 billion and RMB 638 million for highway upgrades, with minimal investments completed to date[42]. Shareholder Information - The company distributed a cash dividend of 1.20 RMB per 10 shares, totaling 280,248,841.68 RMB for the year 2021[6]. - The total number of ordinary shareholders as of the end of the reporting period is 71,014[82]. - Jiangxi Provincial Transportation Investment Group holds 1,109,774,225 shares, accounting for 47.52% of total shares[83]. - The company has no changes in share capital structure during the reporting period[82]. - The company has issued bonds with a total balance of 23 billion RMB, with interest rates ranging from 3.85% to 6.09%[89]. Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[5]. - The company faces macroeconomic risks due to geopolitical conflicts and inflation, impacting highway service revenue[49]. - The company is exposed to industry policy risks related to toll pricing and regulations, which are subject to government changes[49]. - Financial control risks are present as the company anticipates increased funding needs due to ongoing highway expansion projects[49]. Accounting Policies and Financial Reporting - The financial report was approved by the board of directors on August 30, 2022, ensuring compliance with accounting standards[124]. - The company's accounting policies are aligned with the relevant accounting standards, ensuring accurate financial reporting[126]. - The company recognizes revenue when control of goods or services is transferred to customers, based on the transaction price allocated to the performance obligation[194]. - The company employs a perpetual inventory system for tracking inventory levels[155]. Future Plans and Strategies - The company aims to develop a modern highway system in Jiangxi Province by 2025, with a target of over 7,500 kilometers of operational highways[26]. - The company has outlined its future plans and strategies, emphasizing the importance of investor awareness regarding risks[4]. - The company plans to continue expanding its market presence and enhancing its product offerings in response to digital economy trends[33].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,881,381,588.07, representing a year-on-year increase of 33.17%[6] - The net profit attributable to shareholders for Q1 2022 was ¥332,141,787.99, showing a significant increase of 89.78% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥363,602,518.84, up by 15.59% year-on-year[6] - Basic and diluted earnings per share for Q1 2022 were both ¥0.14, marking a 100% increase[6] - Total revenue for Q1 2022 reached ¥1,881,381,588.07, an increase of 33.1% compared to ¥1,412,750,235.11 in Q1 2021[32] - Operating profit for Q1 2022 was ¥499,932,632.05, a significant increase from ¥179,843,788.47 in Q1 2021[32] - The total profit amounted to ¥501,863,908.68, an increase of 65.8% compared to ¥302,457,283.33 from the previous year[34] - Net profit reached ¥369,387,106.34, up 72.2% from ¥214,496,178.41 in the same period last year[34] - Total comprehensive income was ¥659,887,086.19, significantly higher than ¥191,098,859.57 from the previous year[34] Cash Flow - The net cash flow from operating activities decreased by 52.90% to ¥413,634,022.39[6] - The net cash flow from operating activities was ¥413,634,022.39, a decrease of 53.0% compared to ¥878,229,833.66 from the previous year[38] - Cash inflow from operating activities totaled CNY 1,068,877,159.24, up 18.7% from CNY 900,553,116.79 in the previous year[58] - Net cash flow from operating activities was CNY 755,623,740.51, an increase of 27.4% compared to CNY 593,012,265.20 from the previous year[58] - Cash inflow from investment activities was CNY 266,412,347.93, significantly higher than CNY 102,958,332.00 in the previous year[58] - Net cash flow from investment activities improved to CNY 8,284,191.58, compared to a negative CNY 146,471,748.19 in the same period last year[60] - Cash inflow from financing activities reached CNY 1,910,000,000.00, an increase of 59.5% from CNY 1,195,250,000.00 in the previous year[60] - The net cash flow from financing activities was CNY 287,808,051.38, recovering from a negative CNY 212,850,400.62 in the previous year[60] Assets and Liabilities - Total assets at the end of Q1 2022 reached ¥36,138,562,810.13, an increase of 3.07% from the end of the previous year[9] - Total current assets as of March 31, 2022, amounted to ¥9,915,982,059.11, an increase from ¥8,899,513,805.31 as of December 31, 2021, representing a growth of approximately 11.4%[23] - Total liabilities amounted to ¥17,341,373,221.23, compared to ¥16,932,478,497.70, indicating a rise of 2.4%[28] - Total assets increased to ¥36,138,562,810.13 from ¥35,063,364,506.58, reflecting a growth of 3.1%[28] - Total liabilities increased to approximately $15.26 billion, compared to $14.73 billion, indicating a rise of about 3.6%[47] Shareholder Information - The company is undergoing a significant ownership change, with the Jiangxi Provincial Government planning to transfer 90% of the controlling shareholder's equity to another state-owned enterprise[19] - The top ten shareholders include Jiangxi Provincial Transportation Investment Group Co., Ltd., holding 47.52% of shares, and Jiangxi Highway Development Co., Ltd., holding 0.32%[18] - The company has not disclosed any significant changes in the status of its major shareholders during the reporting period[18] - The company has not provided any specific guidance for future performance or new product developments in this report[19] Costs and Expenses - The company experienced a 60.12% rise in operating costs, attributed to the growth in competitive business revenue[12] - Total operating costs for Q1 2022 were ¥1,346,510,770.54, up 44.8% from ¥929,316,245.21 in Q1 2021[32] - Research and development expenses for Q1 2022 were ¥7,482,032.69, a decrease of 12.8% from ¥8,585,830.36 in Q1 2021[32] - Financial expenses for Q1 2022 were ¥122,065,065.71, down from ¥134,876,752.55 in Q1 2021[32] Investment and Equity - The company reported a 43.37% increase in cash and cash equivalents, primarily due to the reserve for bond redemption[10] - The company’s investment income increased by 113.19%, driven by profit growth from joint ventures[12] - The company reported a significant increase in other equity instrument investments, rising to ¥770,025,069.56 from ¥415,989,988.18, a growth of about 85.0%[23] - The company raised ¥1,500,000,000.00 from bond issuance, an increase from ¥1,000,000,000.00 in the previous year[39] - The ending balance of cash and cash equivalents was CNY 2,845,890,661.09, up from CNY 1,513,373,645.30 in the previous year, reflecting a growth of 88.0%[60]

Financial Performance - The company's operating revenue for 2021 was CNY 6,429,549,627.37, representing a 26.92% increase compared to CNY 5,065,987,167.33 in 2020[28]. - Net profit attributable to shareholders for 2021 was CNY 892,110,483.76, a 69.37% increase from CNY 526,719,832.06 in 2020[28]. - The net profit after deducting non-recurring gains and losses reached CNY 1,033,407,951.05, marking a significant increase of 311.92% compared to CNY 250,876,028.50 in 2020[28]. - The net cash flow from operating activities was CNY 3,381,184,029.48, up 45.26% from CNY 2,327,695,225.25 in 2020[28]. - Basic earnings per share for 2021 were CNY 0.38, a 65.22% increase from CNY 0.23 in 2020[30]. - The weighted average return on equity increased to 5.57%, up by 2.24 percentage points from 3.33% in 2020[30]. - The company's toll revenue increased by 35.84% compared to 2020, driven by enhanced marketing efforts and improved toll capacity[30]. - The company achieved a record revenue of 6.43 billion RMB in 2021, representing a year-on-year growth of 26.92%[51]. - Net profit attributable to shareholders reached 892 million RMB, up 69.37% compared to the previous year[51]. - The net profit excluding non-recurring gains and losses hit a ten-year high of 1.033 billion RMB, with a remarkable growth of 311.92%[51]. - Toll service revenue reached 3.642 billion RMB, increasing by 35.84% year-on-year, exceeding the board's target of 3.5 billion RMB[53]. Dividend Distribution - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling 280,248,841.68 RMB, which accounts for 31.41% of the net profit attributable to shareholders in the consolidated financial statements[6]. - The company distributed a cash dividend of 2.00 yuan per 10 shares, totaling 467,081,402.80 yuan, which accounts for 88.68% of the net profit attributable to shareholders[170]. - The company has cumulatively distributed cash dividends totaling RMB 5.09 billion since its listing[71]. - The company has a cash dividend policy approved for the years 2021-2023, ensuring clear standards and procedures for profit distribution[170]. Audit and Compliance - The company received a standard unqualified audit report from Da Xin Certified Public Accountants[5]. - The company’s management has confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company strictly follows accounting standards for fair value measurement and disclosure requirements[104]. - The company has committed to adhering to new accounting standards and has reflected its financial status accurately in all significant aspects[153]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[179]. - The company reported no significant litigation or arbitration matters during the year[196]. - There are no risks of delisting or bankruptcy restructuring faced by the company[196]. - The company has no major related party transactions that have not been disclosed in temporary announcements[199]. Strategic Developments - The company’s actual controlling shareholder will change to Jiangxi State-owned Capital Operation Holding Group after the transfer of 90% equity from Jiangxi Provincial Transportation Investment Group[9]. - The company signed a highway operation management service agreement with its controlling shareholder, aimed at reducing operational costs and enhancing network efficiency[57]. - The company plans to spin off the smart transportation subsidiary, Fangxing, to strengthen its strategic layout in this sector[62]. - The company has initiated the preliminary work for the spin-off listing of its subsidiary, Fangxing Company, which completed its restructuring and registration with a new registered capital of 1.29 billion yuan[113]. - The company is actively pursuing new technology development and market expansion strategies[146]. - The company plans to invest in the expansion and reconstruction of highways, which is expected to enhance traffic capacity and service levels[155]. Risk Management - The company emphasizes the importance of investor awareness regarding investment risks related to forward-looking statements[7]. - The company has detailed potential risks in the section discussing future development and analysis[8]. - The company faces macroeconomic risks due to uncertainties such as pandemic fluctuations and monetary policy shifts, which may impact toll service revenue growth[120]. - The company is investing in smart transportation and diversified business areas, which may yield uncertain returns, necessitating enhanced risk assessment and management processes[120]. - The company will focus on collaboration with specialized enterprises to mitigate investment risks in new projects[120]. Employee and Governance - The total number of employees in the parent company and major subsidiaries is 3,220, with 2,267 in the parent company and 953 in subsidiaries[157]. - The professional composition includes 1,527 production personnel (47%), 230 sales personnel (7%), 1,023 technical personnel (32%), 130 financial personnel (4%), and 310 administrative personnel (10%)[157][163]. - The educational background of employees shows 148 with postgraduate degrees or above, 873 with bachelor's degrees, 1,174 with associate degrees, and 1,025 with vocational or lower education[157]. - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board, ensuring clear responsibilities and effective operations[123]. - The board of directors has not faced any objections regarding company matters during the reporting period[156]. - The company has maintained a strong attendance record at board meetings, with no directors missing consecutive meetings[150]. Environmental Initiatives - The company has implemented measures to reduce carbon emissions, including promoting energy-saving awareness among employees and utilizing technology for green development, achieving approximately 50% energy savings by replacing incandescent bulbs with LED lights[181]. - The company has established photovoltaic carports at some toll stations to charge electric vehicles, maximizing the use of clean solar energy[181]. - The company has committed to using energy-efficient materials and technologies in real estate projects, achieving energy savings of over 50% in individual projects[181]. - The company has installed oil and gas recovery devices at all gas stations to effectively prevent air pollution from gas emissions[180]. - The company has enhanced its highway greening efforts, including replanting dead or damaged trees and installing noise barriers to minimize the impact on nearby residents[180]. - The company has set up energy-saving supervisors in various units to monitor and correct wasteful practices, such as leaving windows open while air conditioning is on[181]. - The company has engaged in extensive consultations with local forestry departments to create a landscape plan that integrates highway greening with the natural environment[185]. Financing and Investment - The company successfully completed financing of 5.395 billion yuan, with an average financing cost of 2.75%, saving nearly 80 million yuan in financing costs[62]. - The company plans to issue short-term financing bonds and medium-term notes to meet funding needs based on project progress and liquidity requirements[119]. - The company has committed to optimizing its capital structure and enhancing investment capabilities across various sectors, including financial investments in high-growth industries[115]. - The company is actively working on the construction, marketing, and settlement of existing real estate projects to accelerate the turnover of inventory and improve cash flow[119]. - The company has established a strategic partnership with Sinopec for wholesale oil trade, aiming to enhance revenue from the energy sector[59]. Research and Development - The company launched 18 research projects in the smart transportation field, achieving a record number of projects under development[59]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing operational efficiency[139]. - The company's R&D expenses amounted to CNY 60,661,618.58, representing 0.94% of total operating revenue[85]. - The company has implemented 185 training projects in 2021, with a total of 6,996 participants, covering various fields including corporate governance and financial investment[167][169].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,446,748,083.21, a decrease of 5.77% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was ¥94,960,262.77, down 69.34% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥248,405,097.45, a decrease of 6.50% compared to the same period last year[7]. - The basic earnings per share for Q3 2021 was ¥0.04, a decline of 69.23% year-on-year[10]. - Total operating revenue for the first three quarters of 2021 reached RMB 4,145,554,447.48, a 24.5% increase from RMB 3,326,976,126.09 in the same period of 2020[36]. - Operating profit for the first three quarters of 2021 was RMB 826,861,065.49, compared to a loss of RMB 42,129,760.25 in the same period of 2020[36]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was RMB 603,018,234.47, significantly up from RMB 99,982,981.69 in the same period of 2020[37]. - The company recorded a total comprehensive income of RMB 629,553,008.20 for the first three quarters of 2021, compared to RMB 128,082,478.51 in the same period of 2020[37]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥34,704,962,798.74, a decrease of 1.87% compared to the end of the previous year[10]. - The company's total assets amounted to CNY 34.70 billion, a decrease from CNY 35.36 billion at the end of 2020, representing a decline of approximately 1.87%[28]. - The company's total liabilities were CNY 16.90 billion, a decrease from CNY 17.62 billion, representing a decline of about 4.1%[32]. - The company reported a significant reduction in short-term borrowings, which decreased to CNY 450.43 million from CNY 2.05 billion, a decline of approximately 78.05%[32]. - The company's long-term borrowings decreased to CNY 246.95 million from CNY 536 million, a decline of about 54.0%[32]. - Total liabilities amounted to approximately $17.62 billion, a slight decrease from $17.66 billion in the previous period[52]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,359,655,520.20, an increase of 57.65%[10]. - Cash flow from operating activities for the first three quarters of 2021 was RMB 2,359,655,520.20, an increase from RMB 1,496,759,575.11 in the same period of 2020[42]. - The net cash flow from investing activities was -$517.97 million, compared to -$89.87 million in the previous period, indicating a significant increase in investment outflows[44]. - The net increase in cash and cash equivalents was $125.86 million, a sharp decline from $2.38 billion in the prior period[44]. - The ending balance of cash and cash equivalents stood at $2.61 billion, down from $4.42 billion in the previous period, representing a decrease of approximately 41%[44]. Income and Expenses - The company incurred operating expenses of 3,997.50 million, largely due to an increase in fixed asset scrapping[17]. - The total tax expenses for the current period were recorded at -63.68 million, reflecting a decrease in realized profits[17]. - The company reported a significant increase in other income, totaling 548.36 million, primarily from tax contribution awards received by subsidiaries[17]. - Research and development expenses increased to RMB 24,579,272.95 in the first three quarters of 2021, compared to RMB 22,446,601.72 in the same period of 2020[36]. - The company’s financial expenses decreased to RMB 399,569,772.34 in the first three quarters of 2021, down from RMB 429,610,346.33 in the same period of 2020[36]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 71,892, with the largest shareholder holding 47.52% of the shares[20]. - The company's equity attributable to shareholders reached CNY 15.98 billion, slightly up from CNY 15.90 billion, indicating an increase of approximately 0.52%[32]. - The total owner's equity attributable to the parent company was approximately $15.90 billion, unchanged[52].