Financial Performance - The company's operating revenue for 2021 was CNY 1,830,660,433.50, an increase of 6.25% compared to CNY 1,722,894,807.58 in 2020[19]. - Net profit attributable to shareholders increased by 24.37% to CNY 701,738,628.22 from CNY 564,253,591.67 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 168.39% to CNY 594,956,334.62, compared to CNY 221,676,560.09 in 2020[21]. - Cash flow from operating activities increased by 105.81% to CNY 1,599,001,011.86, up from CNY 776,929,936.95 in 2020[21]. - Basic and diluted earnings per share rose by 24.36% to CNY 0.6234, compared to CNY 0.5013 in 2020[20]. - The weighted average return on equity increased by 1.49 percentage points to 13.85% from 12.36% in the previous year[20]. - The company's total revenue for 2021 was 1.831 billion RMB, an increase of 6.25% year-on-year, with toll revenue rising by 33.32% to 1.216 billion RMB, while logistics trade revenue decreased by 10.14% to 501 million RMB[40]. - The net profit for 2021 was 700 million RMB, reflecting a year-on-year increase of 24.77%, and the net profit attributable to the parent company was 702 million RMB, up 24.37% year-on-year[41]. Dividend and Retained Earnings - The company plans to distribute a cash dividend of 1.88 yuan per 10 shares, totaling 211,618,828.78 yuan, with a cash dividend ratio of 30.16%[6]. - As of December 31, 2021, the company has retained undistributed profits amounting to 2,833,152,035.75 yuan[6]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[4]. - The board of directors and management have confirmed the accuracy and completeness of the financial report[5]. - The company is committed to ensuring the financial report's authenticity, accuracy, and completeness[5]. - The company has not violated decision-making procedures for external guarantees[8]. - There are no significant risks or non-operating fund occupation by controlling shareholders reported[8]. - The company has not disclosed any major risk warnings in the report[8]. Operational Highlights - The increase in operating revenue was primarily due to the normalization of toll fees after the impact of COVID-19 in the previous year[21]. - In 2021, the company achieved operating revenue of 1.831 billion yuan, exceeding the annual target of 1.45 billion yuan by 126.25%[30]. - The total profit reached 808 million yuan, surpassing the annual target of 600 million yuan by 134.63%[30]. - Toll revenue for 2021 was 1.2157711 billion yuan, a year-on-year increase of 33.32%[35]. - The Jin Qiao Logistics Park achieved a revenue growth of 13.55% in 2021, with cold storage revenue increasing by 20.24%[35]. Strategic Initiatives - The company plans to leverage its unique position as the only publicly listed toll road operator in Guangxi to expand its business[33]. - The company is focusing on upgrading logistics parks and enhancing service quality to increase customs revenue and profits[69]. - The company plans to enhance highway service area operations, property management, and traffic technology as part of its dual-core strategy focusing on highways and logistics[68]. - The company aims to improve toll station efficiency and public satisfaction while expanding its road-related economic activities[69]. Market and Competition - The company faces competition from the expanding high-speed rail network, which may impact highway traffic volumes[66]. - The company recognizes opportunities from the integration with the Guangdong-Hong Kong-Macao Greater Bay Area and the development of the Western Land-Sea New Corridor[66]. - The company is facing increased market competition due to the growing number of logistics parks in Nanning and Pingxiang, leading to a more challenging environment for cold storage projects[71]. Governance and Management - The company has established a comprehensive corporate governance structure, ensuring clear responsibilities among its decision-making and supervisory bodies[74]. - The company has implemented a performance evaluation and incentive mechanism to assess annual performance and determine compensation for management[76]. - The company emphasizes maintaining the rights of stakeholders, including shareholders, creditors, and employees, while seeking policy support from local governments[77]. - The controlling shareholder, Guangxi Jiaotong Group, has committed to avoiding competition with the company by not participating in similar business activities and will communicate with the company regarding any competitive projects[78]. Legal Matters - The company is involved in multiple significant litigation and arbitration matters, indicating ongoing legal challenges[141]. - The company is involved in multiple loan contract disputes with various entities, indicating potential financial strain or operational challenges[142]. - The company has disclosed ongoing litigation and arbitration cases, which may impact its financial stability and future performance[143]. - The company is currently involved in multiple legal disputes, with various amounts claimed and court rulings issued[145]. Employee and Training Initiatives - The company’s training program achieved a 100% coverage rate for management personnel, with an average of over 90 training hours per person[118]. - The company held two employee representative meetings in 2021, addressing 11 employee proposals, resulting in increased employee satisfaction and cohesion[123]. Financial Position and Assets - The company has a total of 12 directors and supervisors, with varying levels of remuneration, the highest being 688,300 CNY for the chairman[80]. - The company has retained Rongcheng Accounting Firm for auditing services, with a fee of 650,000 yuan for the annual audit[140]. - The company has a total accounts receivable balance of ¥1,686,403,933.37, with a bad debt provision of ¥375,099,019.60[199]. - The balance of loans and advances issued was ¥136,571,366.06, with a loan impairment provision of ¥99,153,222.10[199].

Financial Performance - The company's operating revenue for Q3 2021 was ¥461,831,590.03, a decrease of 10.09% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥183,581,364.97, down 58.66% year-on-year[6]. - The basic earnings per share for the quarter was ¥0.1631, reflecting a decline of 58.66% compared to the previous year[6]. - The net profit attributable to shareholders decreased by 58.66% compared to the same period last year, primarily due to the recognition of investment income from the transfer of equity in subsidiaries in the previous year[10]. - Basic and diluted earnings per share decreased by 58.66% compared to the same period last year, primarily due to the previous year's investment income from equity transfers[10]. - Net profit for Q3 2021 was ¥586,392,254.44, compared to ¥477,983,649.64 in Q3 2020, reflecting an increase of approximately 22.7%[22]. - Total comprehensive income for the third quarter of 2021 reached ¥586,392,254.44, compared to ¥477,983,649.64 in the same period of 2020, representing an increase of approximately 22.7%[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,825,912,872.21, representing a decrease of 6.21% from the end of the previous year[6]. - The company's total assets decreased to ¥9,825,912,872.21 from ¥10,476,847,270.94, a decline of about 6.2%[19]. - Total liabilities decreased to ¥4,673,557,866.92 from ¥5,741,038,003.64, a reduction of approximately 18.6%[18]. - Total liabilities were reported at ¥5,741,038,003.64, with current liabilities totaling ¥1,305,236,127.36[30]. - Long-term borrowings stood at ¥3,631,000,000.00, indicating a stable long-term financing structure[30]. - Total non-current assets reached ¥7,716,643,911.82, with fixed assets contributing ¥5,357,397,454.54[29]. Shareholder Information - The equity attributable to shareholders increased to ¥5,216,504,946.01, an increase of 8.67% compared to the previous year[6]. - The total number of ordinary shareholders at the end of the reporting period was 44,545[12]. - The largest shareholder, Guangxi Transportation Investment Group Co., Ltd., holds 410,318,662 shares, accounting for 36.45% of total shares[13]. - The second-largest shareholder, China Merchants Highway Network Technology Holdings Co., Ltd., holds 15,596,712 shares, accounting for 13.86% of total shares[13]. - Total equity attributable to shareholders was ¥4,800,424,922.52, reflecting a solid equity base[30]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥1,219,507,064.63, an increase of 128.31% year-on-year[6]. - Net cash flow from operating activities for the first three quarters of 2021 was ¥1,219,507,064.63, significantly higher than ¥534,149,138.53 in the same period of 2020, marking an increase of 128.5%[26]. - Cash inflow from operating activities totaled ¥1,954,961,169.90 in the first nine months of 2021, compared to ¥1,449,248,384.00 in 2020, reflecting a growth of 35%[26]. - Cash outflow from operating activities decreased to ¥735,454,105.27 in 2021 from ¥915,099,245.47 in 2020, a reduction of approximately 19.6%[26]. - Cash flow from financing activities showed a net outflow of ¥1,343,238,259.63 in 2021, compared to a net outflow of ¥501,731,709.43 in 2020, indicating increased financing activities[27]. Investment and Expenses - The company reported non-recurring gains of ¥23,423,516.79 for the quarter, down from ¥72,768,925.00 in the previous year[9]. - The company's investment income for the first three quarters was ¥267,232,471.80, down from ¥355,971,122.33, indicating a decrease of about 25%[21]. - The company reported a significant decrease in financial expenses, down to ¥94,918,996.87 from ¥157,655,578.82, a reduction of approximately 39.7%[21]. - The company’s credit impairment losses increased to -¥122,475,015.46 from -¥3,737,548.76, indicating a significant rise in credit losses[22]. Retained Earnings and Standards - The company reported a retained earnings figure of ¥2,616,091,231.79, indicating strong profitability retention[30]. - The implementation of new leasing standards resulted in an increase of ¥132,930.08 in right-of-use assets[31]. - Non-current liabilities increased by ¥67,294.08 due to the new leasing standards[31].

2021 年半年度报告 公司代码：600368 公司简称：五洲交通 广西五洲交通股份有限公司 2021 年半年度报告 1 / 159 2021 年半年度报告 重要提示 三、本半年度报告未经审计。 四、 公司负责人周异助 、主管会计工作负责人韩钢 及会计机构负责人（会计主管人员）玉莉声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略规划等前瞻性陈述及相应的警示陈述，不构成公司对 外投资者的实质性承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 无 2 / 159 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半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。 | 第一节 ...

公司代码：600368 公司简称：五洲交通 广西五洲交通股份有限公司 2021 年第一季度报告 1 / 29 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 4 | | 三、 | 重要事项 7 | | 四、 | 附录 12 | 2021 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 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 张毅 | 董事 | 其他公务 | 韩钢 | | 林森 | 董事 | 其他公务 | 王东 | | 孙泽华 | 独立董事 | 其他公务 | 咸海波 | 1.3 公司负责人周异助、主管会计工作负责人韩钢及会计机构负责人（会计主管人员） 2021 年第一季度报告 玉莉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。 1.5 释义 3 / 29 在本报告书中，除非 ...

2020 年年度报告 公司代码：600368 公司简称：五洲交通 广西五洲交通股份有限公司 2020 年年度报告 1 / 258 2020 年年度报告 重要提示 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 以截至 2020 年 12 月 31 日总股本 1,125,632,068 股为基数，以未分配利润向全 体股东每 10 股派发现金红利 1.51 元（含税）。以上共计分配 169,970,442.27 元， 剩余未分配利润 2,528,718,839.62 元结转以后年度。本年度公司现金分红比例为 30.12%。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略规划等前瞻性陈述及相应的警示陈述，不 构成公司对外投资者的实质性承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露年度报告的真实性、准确性和完整 性 否 十、 重大风险提示 在本报告书中，除非文义另有所指，下列词语具有如下含义： | 常用词语释义 | | | | - ...

2020 年第三季度报告 公司代码：600368 公司简称：五洲交通 广西五洲交通股份有限公司 2020 年第三季度报告 1 / 31 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 4 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 13 | 2020 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。 1.3 公司负责人周异助、主管会计工作负责人韩钢及会计机构负责人（会计主管人员）玉莉保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 1.5 释义 在本报告书中，除非文义另有所指，下列词语具有如下含义： 常用词语释义 | 五洲交通、公司 | 指 | 广西五洲交通股份有限公司 | | --- | --- | --- | | 交投集团 | 指 | 广西交通投资集团有限公司(五洲交通控股股东) | | 招商公路 | 指 | 招商局公路网络 ...

2020 年半年度报告 公司代码：600368 公司简称：五洲交通 广西五洲交通股份有限公司 2020 年半年度报告 1 / 182 2020 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半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、 本半年度报告未经审计。 四、 公司负责人周异助、主管会计工作负责人韩钢及会计机构负责人（会计主管人员）玉莉声明： 保证半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 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略规划等前瞻性陈述及相应的警示陈述，不构成 对投资者的实质承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 无 十、 其他 □适用 √不适用 2 / 182 | 第一节 | 释义 4 | | --- | --- | | 第二节 | 公司 ...

2020 年第一季度报告 公司代码：600368 公司简称：五洲交通 广西五洲交通股份有限公司 2020 年第一季度报告 1 / 27 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 10 | 2020 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 1.5 释义 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 | 10,779,821,220.76 | 10,942,124,188.30 | -1.48 | | 归属于上市公 | 4,290,959,847.55 | 4,321,162,918.78 | -0.70 | | 司股东的净资 | | | | | 产 | | | | 3 / 27 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 ...

2019 年年度报告 公司代码：600368 公司简称：五洲交通 广西五洲交通股份有限公司 2019 年年度报告 1 / 256 2019 年年度报告 重要提示 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 以截至 2019 年 12 月 31 日总股本 1,125,632,068 股为基数，以未分配利润向全 体股东每 10 股派发现金红利 0.8 元（含税）,共计分配 90,050,565.44 元，剩余未分 配利润 2,187,181,934.22 元结转以后年度。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略规划等前瞻性陈述及相应的警示陈述，不 构成公司对外投资者的实质性承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 无 2 / 256 一、 本公司董事会、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、 容 ...

Financial Performance - Operating revenue for the first nine months rose by 28.35% to CNY 1,599,224,942.28 year-on-year [9]. - Net profit attributable to shareholders increased by 60.43% to CNY 445,635,486.62 compared to the same period last year [9]. - Basic earnings per share reached CNY 0.7599, reflecting a 191.37% increase year-on-year [9]. - The company reported a net profit of CNY 855,419,517.14 for the first nine months, a substantial increase of 191.37% compared to the previous year [9]. - Total operating revenue for Q3 2019 reached ¥566.50 million, a 37.7% increase from ¥411.57 million in Q3 2018 [37]. - Net profit attributable to shareholders for the first three quarters of 2019 was ¥2.32 billion, compared to ¥1.86 billion in the same period of 2018, reflecting a growth of 24.6% [34]. - The total operating profit for Q3 2019 was approximately CNY 106.58 million, compared to CNY 70.67 million in Q3 2018, reflecting a year-over-year increase of 50.9% [39]. - The net profit attributable to the parent company for the first three quarters of 2019 reached CNY 851.82 million, up from CNY 288.74 million in the same period of 2018, representing a growth of 195.5% [39]. Asset Management - Total assets increased by 4.55% to CNY 11,084,953,873.71 compared to the end of the previous year [9]. - The net asset attributable to shareholders increased by 20.36% to CNY 4,298,883,038.55 compared to the end of the previous year [9]. - The company reported a 100% decrease in assets held for sale, attributed to the confirmation of asset transfers [16]. - Total assets increased to ¥8.33 billion in Q3 2019, compared to ¥7.80 billion in Q3 2018, marking a growth of 6.8% [34]. - Long-term equity investments increased significantly, reflecting the confirmation of equity transfers [16]. Cash Flow - Cash flow from operating activities decreased by 34.67% to CNY 532,742,993.38 compared to the previous year [9]. - The net cash flow from operating activities for the first nine months of 2019 was CNY 532,742,993.38, down from CNY 815,453,954.29 in the same period last year, representing a decline of about 34.7% [46]. - Cash inflow from operating activities increased significantly to ¥1,442,708,907.38, up 108.06% from ¥693,065,947.24 year-on-year [47]. - Cash outflow from operating activities increased significantly to ¥1,287,384,846.26, compared to ¥218,835,062.29 in the previous year, marking a rise of 487.73% [47]. - Cash received from interest, fees, and commissions decreased by 67.41% to ¥490,435.54 from ¥1,504,798.89, due to reduced loan issuance by subsidiaries [18]. Shareholder Information - Total number of shareholders reached 69,445 [13]. - The largest shareholder, Guangxi Transportation Investment Group, holds 410,318,662 shares, representing 36.45% of total shares [13]. Investment and Financing Activities - The company obtained cash from borrowings amounting to ¥1,166,250,000.00, a 547.92% increase from ¥180,000,000.00 in the previous year [18]. - The company raised CNY 1,166,250,000.00 through financing activities in 2019, compared to CNY 180,000,000.00 in the same period last year, marking a substantial increase in financing efforts [46]. - The company provided guarantees totaling ¥290 million for mortgage loans related to its real estate projects [19]. Legal and Regulatory Matters - The company is actively taking measures to protect the rights of shareholders amid ongoing litigation, with updates to be disclosed as the case progresses [24]. - The company is pursuing legal action for a profit claim of ¥34,856,900.00 against Huang Haile and Guangxi Aorun Investment Management Co., Ltd. [22]. Operational Costs and Expenses - Operating costs for the first nine months of 2019 increased by 61.66% to ¥875,412,081.22 compared to ¥541,519,212.31 in 2018, primarily due to growth in trading business and increased costs from real estate sales [17]. - Tax and additional charges rose by 34.17% to ¥11,178,026.04 from ¥8,331,098.83, mainly due to increased real estate sales revenue [17]. - The company incurred a tax expense of CNY 2.77 million in Q3 2019, compared to CNY 18.24 million in Q3 2018, which is a decrease of 84.8% [39]. Impairment and Losses - The company reported a 193.59% increase in asset impairment losses, totaling -¥19,834,878.78, attributed to impairment provisions for long-term equity investments [17]. - The company reported asset impairment losses of CNY 24,194,355.41 in Q3 2019, which may impact future profitability [42]. - The company reported a credit impairment loss of ¥10.71 million in Q3 2019, contrasting with a gain of ¥0.87 million in Q3 2018, indicating a shift in asset quality [38].