证券代码：601107 证券简称：四川成渝 四川成渝高速公路股份有限公司 投资者关系活动记录表 投资者关系活动类别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他（请文字说明其他活动内容） 形式 现场 网上 电话会议 华创证券 梁婉怡 参与单位名称及人员姓名 时间 2024年4月30日 10:00-11:00 地点 公司会议室 ...

Q1 实现归母净利 3.9 亿，基数因素导致同比 下降，财务费用持续降低，持续"强推" 公司公告 2024 年一季度报告：1）Q1 实现营业收入 20.1 亿元，同比减少 8.52%， 我们认为主要因改扩建项目进度推进，建造服务收入下滑所致，该业务系因会 计准则要求同步列示收入与成本，毛利基本为 0。2）Q1 实现归母净利润 3.9 亿元，同比减少 13.2%；实现扣非净利润 3.8 亿元，同比减少 12.2%。我们预 计基数因素较多，其一公司并购二绕西高速增加贷款导致财务费用增长，其二 23Q1 是收到威斯腾项目司法重整全部应收款，转回计提减值 0.34 亿元，其三 24Q1 雨雪等天气及假期免费通行时间增加影响部分通行费收入。3）24Q1 业 绩 3.91 亿元，高于 23Q2-Q4，分别为 3.43 亿、3.39 亿及 0.68 亿。Q1 毛利润 8.3 亿元，同比持平，我们预计公司路产利润保持稳健。 值得关注：财务费用持续降低。公司因 23Q1 收购二绕高速（23Q2 并表）导 致财务费用上升，但此后逐季下降。24Q1 财务费用 2.08 亿元，23Q2-Q4 分别 为 3.29、2.26、2.19 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,012,495,619.91, representing a decrease of 8.52% compared to CNY 2,200,028,152.83 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2024 was CNY 391,428,528.81, down 13.20% from CNY 450,937,140.56 in the previous year[5]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.1280, reflecting a decrease of 13.22% from CNY 0.1475 in the previous year[5]. - Total revenue for Q1 2024 was CNY 2,012,495,619.91, a decrease of 8.54% compared to CNY 2,200,028,152.83 in Q1 2023[28]. - Net profit for Q1 2024 was CNY 406,578,028.41, down 15.59% from CNY 481,447,410.75 in Q1 2023[30]. - Earnings per share for Q1 2024 was CNY 0.1280, compared to CNY 0.1475 in Q1 2023, reflecting a decrease of 25.5%[32]. - Operating costs for Q1 2024 totaled CNY 1,544,639,222.82, down from CNY 1,687,500,714.78 in Q1 2023[27]. - Other comprehensive income after tax for Q1 2024 was CNY 4,686,303.34, compared to a loss of CNY 728,793.45 in Q1 2023[30]. Cash Flow - The net cash flow from operating activities was CNY 799,025,576.88, a decline of 10.20% compared to CNY 889,737,469.36 in the same period last year[5]. - Cash flow from operating activities in Q1 2024 was CNY 2,192,390,888.57, slightly lower than CNY 2,300,246,027.64 in Q1 2023[34]. - Cash flow from financing activities included cash received from borrowings of $1,585,410,000.00 in Q1 2024, down from $1,840,530,000.00 in Q1 2023[37]. - Total cash outflow from operating activities in Q1 2024 was $1,393,365,311.69, slightly lower than $1,410,508,558.28 in Q1 2023[35]. - Cash paid for taxes in Q1 2024 was $113,363,782.50, a decrease of 11.7% compared to $128,405,410.60 in Q1 2023[35]. - Cash and cash equivalents at the end of Q1 2024 totaled $2,666,369,525.39, down 22.4% from $3,438,742,033.60 at the end of Q1 2023[39]. Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 58,956,655,615.06, an increase of 2.25% from CNY 57,659,428,648.86 at the end of the previous year[5]. - The total liabilities of the company as of March 31, 2024, were RMB 41,871,460,664.40, compared to RMB 40,986,152,245.87 as of December 31, 2023[25]. - The company's long-term borrowings increased to RMB 34,452,374,509.70 as of March 31, 2024, from RMB 33,069,964,509.70 as of December 31, 2023, reflecting an increase of approximately 4.2%[25]. - The company's accounts payable decreased to RMB 1,351,849,976.46 as of March 31, 2024, from RMB 1,668,579,487.69 as of December 31, 2023, indicating a reduction of approximately 19%[23]. - The company's total current liabilities decreased to RMB 5,908,621,614.72 as of March 31, 2024, from RMB 6,289,096,911.03 as of December 31, 2023, showing a decline of approximately 6%[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 40,580, including 40,327 A-share shareholders and 253 H-share shareholders[15]. - Sichuan Transportation Investment Group holds 1,218,979,662 shares, accounting for 39.86% of the total shares[10]. - HKSCC NOMINEES LIMITED holds 887,454,700 shares, representing 29.02% of the total shares[10]. - The top three shareholders collectively own 90.61% of the total shares, indicating a high concentration of ownership[10]. - The report indicates that there are no significant changes in the participation of major shareholders in margin financing and securities lending activities[14]. Government Grants and Non-Recurring Items - The company recognized government grants amounting to CNY 7,304,775.21 related to normal business operations[6]. - The total amount of non-recurring gains and losses for the period was CNY 10,834,862.34 after tax adjustments[8]. - The company has not listed any extraordinary gains or losses that are significant according to the relevant disclosure guidelines[9]. Project Investments - The Chengle Expressway expansion project has a total length of 136.1 km and an estimated total investment of approximately RMB 251.5 billion, with cumulative investment completed by March 31, 2024, amounting to approximately RMB 119.36 billion[16]. - The Tianqiong Expressway project has a total length of about 42 km and an estimated total investment of approximately RMB 86.85 billion, with cumulative investment completed by March 31, 2024, amounting to approximately RMB 55.25 billion[17].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,012,495,619.91, representing a decrease of 8.52% compared to CNY 2,200,028,152.83 in the same period last year[10]. - Net profit attributable to shareholders was CNY 391,428,528.81, down 13.20% from CNY 450,937,140.56 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was CNY 380,593,666.47, a decrease of 12.22% compared to CNY 433,596,787.00 in the previous year[10]. - Basic and diluted earnings per share were both CNY 0.1280, down 13.22% from CNY 0.1475 in the previous year[10]. - The total operating profit for Q1 2024 was approximately ¥488.94 million, a decrease from ¥573.75 million in Q1 2023, representing a decline of about 14.8%[57]. - Net profit attributable to shareholders of the parent company for Q1 2024 was approximately ¥391.43 million, down from ¥450.94 million in Q1 2023, reflecting a decrease of around 13.1%[57]. - The comprehensive income attributable to the parent company's owners for Q1 2024 was approximately ¥396.11 million, compared to ¥450.21 million in Q1 2023, indicating a decline of about 12%[60]. - The total profit for Q1 2024 was approximately ¥492.09 million, down from ¥574.61 million in Q1 2023, representing a decline of about 14.4%[57]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 799,025,576.88, reflecting a decline of 10.20% from CNY 889,737,469.36 in the same quarter last year[10]. - Cash flow from operating activities for Q1 2024 was approximately ¥799.03 million, a decrease from ¥889.74 million in Q1 2023, representing a decline of about 10.2%[66]. - Cash flow from investing activities for Q1 2024 showed a net outflow of approximately ¥1.00 billion, compared to a net outflow of about ¥1.15 billion in Q1 2023, indicating an improvement of around 12.7%[66]. - Cash flow from financing activities for Q1 2024 was a net inflow of approximately ¥887.81 million, down from ¥1.11 billion in Q1 2023, reflecting a decrease of about 20.1%[66]. - The ending cash and cash equivalents balance for Q1 2024 was approximately ¥2.67 billion, compared to ¥3.44 billion at the end of Q1 2023, a decrease of about 22.4%[67]. - The company's cash and cash equivalents increased to approximately RMB 2.67 billion from RMB 1.98 billion as of December 31, 2023, representing a growth of about 34.5%[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 58,956,655,615.06, an increase of 2.25% from CNY 57,659,428,648.86 at the end of the previous year[10]. - Total liabilities rose to CNY 41,871,460,664.40 in Q1 2024, compared to CNY 40,986,152,245.87 in Q1 2023, indicating an increase of 2.16%[49]. - Shareholder equity increased to CNY 17,085,194,950.66 in Q1 2024 from CNY 16,673,276,402.99 in Q1 2023, a growth of 2.48%[49]. - The total current assets reached approximately RMB 5.34 billion, up from RMB 4.13 billion, indicating an increase of around 29.3%[44]. - The company's inventory rose to approximately RMB 241.64 million, compared to RMB 119.82 million, reflecting a significant increase of about 101.9%[44]. Investments and Projects - Cumulative investment in the Chengle Expressway expansion project reached approximately RMB 119.36 billion as of March 31, 2024[39]. - The Tianqiong Expressway BOT project has accumulated an investment of approximately RMB 55.25 billion as of March 31, 2024[40]. - The estimated total investment for the Chengle Expressway expansion project is RMB 251.5 billion, with a total length of 136.1 kilometers[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,580, with the largest shareholder holding 39.86% of the shares[24]. - As of March 31, 2024, the total number of common shareholders was 40,580, including 40,327 A-share shareholders and 253 H-share shareholders[30]. - The company has not identified any related party relationships among the top shareholders as of the report date[31]. Company Operations - The company has not reported any significant new product developments or market expansions during this quarter[24]. - The company is focusing on cost control measures as indicated by the reduction in operating costs and financial expenses[54]. - Future outlook includes potential market expansion and new product development, although specific details are not provided in the current data[54].

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching RMB 1.2 billion in 2023[4]. - The company's net profit attributable to shareholders for 2023 was approximately RMB 1,190,814,000, representing a year-on-year increase of 89.95%[26]. - Basic earnings per share for 2023 were approximately RMB 0.389, compared to RMB 0.205 in 2022 (restated)[26]. - The company's total revenue for 2023 was approximately RMB 11,580,867 thousand, representing a year-on-year increase of about 11.15%[35]. - The highway segment generated revenue of approximately RMB 4,721,287 thousand, with a year-on-year growth of approximately 25.39%[35]. - The new energy technology segment achieved revenue of approximately RMB 64,845 thousand, reflecting a significant year-on-year increase of approximately 455.89%[35]. - The traffic logistics segment reported revenue of approximately RMB 718,809 thousand, marking a year-on-year growth of approximately 122.96%[35]. - The profit for the year was RMB 1,266,768 thousand, representing an increase of 86.52% from RMB 679,161 thousand in the previous year[60]. - The company's total comprehensive income for the year was RMB 1,262,399 thousand, up from RMB 690,933 thousand in the previous year, representing an 82.5% increase[175]. - The company's income tax expense for 2023 was RMB 302,540 thousand, up from RMB 247,880 thousand in 2022, which is a 21.9% increase[175]. Operational Developments - User data showed a 20% growth in traffic volume on major highways, with an average daily traffic of 150,000 vehicles[4]. - The company plans to expand its highway network by 10% over the next three years, focusing on key routes in Sichuan province[4]. - New technology initiatives include the implementation of smart toll systems, expected to reduce congestion by 30%[4]. - A new highway project connecting Chengdu to Leshan is set to commence in Q3 2024, with an estimated cost of RMB 500 million[4]. - The company has completed significant investments in infrastructure, including 624 kilometers of new expressways in Sichuan Province during the year[27]. - The company operates 140 charging stations within its road network, with over 1,000 charging points, leading in Sichuan province[30]. - The company is focused on expanding its core business of highway investment, construction, and management while developing green energy industries[25]. Strategic Initiatives - The company is exploring strategic partnerships for potential mergers and acquisitions to enhance its market position[4]. - The company aims to enhance its resource advantages and optimize its industrial layout amid a complex macroeconomic environment[31]. - The company plans to strengthen risk management in key areas such as investment and safety production to mitigate existing and potential risks[30]. - The company is committed to green development and has completed provincial ecological and environmental inspections[30]. - The company aims to complete over RMB 260 billion in transportation construction investment in Sichuan Province in 2024[32]. - The company is focused on addressing key issues such as main business expansion, profit growth, and upgrading of driving forces[32]. Governance and Compliance - The company has established a comprehensive governance structure, including a board of directors, supervisory board, and management team, enhancing corporate governance practices[84]. - The company treats all shareholders equally, ensuring that minority shareholders can fully exercise their rights and participate in decision-making[90]. - The company emphasizes a stable profit distribution policy, prioritizing cash dividends over stock dividends, with a minimum cash dividend ratio of 30% of distributable profits[92][95]. - The company has developed a complete risk management and internal control system, which has been effective in managing operational risks[88]. - The company has received a standard unqualified audit opinion on the effectiveness of its internal controls related to financial reporting[88]. - The company emphasizes the importance of compliance with legal regulations and internal governance practices[108]. Market and Economic Context - In 2023, the GDP of Sichuan Province exceeded RMB 6 trillion, growing by 6%, ranking first among the top ten economic provinces in China[27]. - The overall economic environment in 2023 saw a GDP growth of 5.2% in China, contributing positively to the group's toll revenue performance[44]. - The provincial government plans to expand the highway network to 20,000 km by 2035, which may create both opportunities and challenges for the company's existing routes[158]. - The company is closely monitoring macroeconomic trends and their impact on highway traffic volume, which is highly correlated with domestic GDP[157]. Risk Management - The company faces significant risks including policy changes, market fluctuations, and operational limitations, which could impact its ability to achieve business objectives[152]. - The company emphasizes strengthening its risk management mechanisms to address potential financial and operational risks[152]. - The financing risk is increasing due to the growing demand for external financing, with domestic bank loan costs being relatively high[161]. - The company has implemented effective tax risk prevention measures, including strengthening tax regulation training and hiring tax consulting services[162]. Shareholder Engagement - The company encourages shareholder participation in meetings, providing opportunities for direct communication regarding business performance and future prospects[98]. - The company maintains complete operational independence from its major shareholders, ensuring no interference in decision-making or financial management[91]. - The company’s major shareholders include Shudao Group and China Merchants Highway Company, with no conflicts of interest reported[91]. Future Outlook - Future guidance indicates an expected revenue growth of 12% for 2024, driven by increased traffic and new projects[4]. - The company aims to enhance communication with government and industry peers to adapt to changes in road network planning and maintain operational efficiency[159]. - The company is exploring PPP models for infrastructure project investments to create sustainable growth points[165].

证券代码：601107 证券简称：四川成渝 四川成渝高速公路股份有限公司 投资者关系活动记录表 投资者关系活动类别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他（请文字说明其他活动内容） 线上参与四川成渝2023年度业绩暨现金分红说明会的全体投资者 参与单位名称及人员姓名 2024年04月18日 15:00-16:00 时间 价值在线（https://www.ir-online.cn/）视频展示＋网络互动 地点 董事长 罗祖义 副董事长、总经理 游志明 ...

2023 年年度股东大会 会议资料 现场会议召开时间：2024 年 5 月 23 日（星期四）15:00 网络投票时间：自 2024 年 5 月 23 日 至 2024 年 5 月 23 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票 时 间 为 股 东 大 会 召 开 当 日 的 交 易 时 间 段 ， 即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投 票时间为股东大会召开当日的 9:15-15:00。 会议地点：四川省成都市武侯祠大街 252 号 四川成渝高速公路股份有限公司四楼 420 会议室 四川成渝高速公路股份有限公司 SICHUAN EXPRESSWAY COMPANY LIMITED 会议资料目录 页码 | 一、会议须知 | 1-2 | | --- | --- | | 二、会议议程 | 3-4 | | 三、投票表格填写说明 | 5-7 | 议案八：《关于聘任立信会计师事务所（特殊普通合伙）为本公司二〇二四 年度境内审计师的议案》。 议案九：《关于聘任罗兵咸永道会计师事务所为本公司二〇二四年度境外审 计师的议案》。 议案十：《关于注册发 ...

证券代码：601107 证券简称：四川成渝 公告编号：2024-024 四川成渝高速公路股份有限公司 关于召开 2023 年年度股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年年度股东大会 股东大会召开日期：2024年5月23日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2024 年 5 月 23 日 15 点 00 分 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七) 涉及公开征集股东投票权 不涉及 二、 会议审议事项 召开地点：四川省成都市武侯祠大街 252 号本公司四楼 420 会议室 (五) 网络投票的系统、起止 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 四川成渝高速公路股份有限公司 姚建成 聯席公司秘書 中華人民共和國 • 四川省 • 成都市 二零二四年四月十五日 於 本 公 告 之 日，董 事 會 成 員 包 括：執 行 董 事 羅 祖 義 先 生（董 事 長）、游 志 明 先 生（副 董 事 長）及 馬 永 菡 女 士，非 執 行 董 事 吳 新 華 先 生（副 董 事 長）、 李 成 勇 先 生 及 陳 朝 雄 先 生，獨 立 非 執 行 董 事 余 海 宗 先 生、步 丹 璐 女 士、 張 清 華 先 生 及 周 華 先 生。 * 僅供識別 董事會會議召開日期 四 川 成 渝 高 速 公 路 股 份 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」） 謹 此 宣 佈，本 公 司 將 於 二 零 二 四 年 四 月 二 十 九 日（星 期 一）舉 行 董 事 會 會 ...

证券代码：601107 证券简称：四川成渝 公告编号：2024-023 四川成渝高速公路股份有限公司 关于召开2023年度业绩暨现金分红说明会的公告 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法律责任。 重要内容提示： 一、说明会类型 四川成渝高速公路股份有限公司（以下简称"公司"）已于 2024 年 3 月 28 日披露了公司 2023 年年度报告及其摘要。为便于广大投资者更加全面深入地了 解公司经营成果、财务状况、发展战略等情况，公司定于 2024 年 4 月 18 日（星 期四）15:00-16:00 在"价值在线"（www.ir-online.cn）召开 2023 年度业绩暨 会议召开时间：2024 年 4 月 18 日（星期四）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：视频展示＋网络互动方式 会议问题征集： 投资者可于 2024 年 4 月 18 日 前 访 问 网 址 https://eseb.cn/1dvvwwkhdLO 或使用微信扫描下方小程序码进行会前提 问， ...