2024 年 4 月 12 日，广深铁路股份有限公司（以下简称 "本公司"或"公司"）董事会和监事会收到董事兼总经理胡酃 酃先生的辞任函和监事陈少宏先生的辞任函。胡酃酃先生因 退休申请辞去本公司董事、总经理、董事会薪酬委员会委员 和董事会提名委员会委员的职务，陈少宏先生因工作需要申 请辞去本公司监事的职务。 根据《中华人民共和国公司法》等有关法律法规及《公司 章程》的规定，胡酃酃先生和陈少宏先生的辞任不会导致公 司董事会和监事会成员低于法定人数，不会影响董事会、董 事会专门委员会和监事会的正常运作及本公司的正常经营。 胡酃酃先生和陈少宏先生的辞任均自送达本公司董事会和 监事会时生效。 胡酃酃先生和陈少宏先生均已确认与本公司并无不同意 见，亦无任何其他事项须提请本公司董事会、监事会注意。 胡酃酃先生和陈少宏先生在担任本公司相关职务期间恪尽 职守、勤勉尽责，本公司、本公司董事会和监事会谨此对胡 酃酃先生和陈少宏先生的辛勤工作及作出的贡献表示衷心 感谢！ A 股简称：广深铁路 股票代码：601333 公告编号：2024-011 广深铁路股份有限公司 关于董事兼总经理、监事辞任的公告 本公司董事会及全体董事保证本公告 ...

Financial Performance - The company's operating revenue for 2023 reached RMB 26,194,898 thousand, representing a 31.35% increase compared to RMB 19,943,430 thousand in 2022[18]. - The operating profit for 2023 was RMB 1,538,460 thousand, a significant recovery from an operating loss of RMB 2,552,035 thousand in 2022[18]. - The net profit attributable to shareholders for 2023 was RMB 1,058,289 thousand, compared to a net loss of RMB 1,994,665 thousand in the previous year[18]. - Total assets at the end of 2023 amounted to RMB 37,234,948 thousand, a slight increase of 0.52% from RMB 37,041,376 thousand at the end of 2022[20]. - Total liabilities decreased by 7.68% to RMB 10,882,952 thousand in 2023 from RMB 11,788,175 thousand in 2022[20]. - The company's basic earnings per share for 2023 was RMB 0.15, recovering from a loss of RMB 0.28 per share in 2022[18]. - The company reported a total revenue of RMB 26.195 billion, an increase of 31.35% compared to RMB 19.943 billion in the previous year[34]. - The operating cost for 2023 was RMB 24.897 billion, reflecting a 10.31% increase from RMB 22.570 billion in the previous year[34]. - The net cash flow from operating activities was RMB 1,116,365,000, a turnaround from a negative cash flow of RMB 193,449,000 in the previous year[35]. - Cash and cash equivalents increased by 14.07% to CNY 1,482,463,000 from CNY 1,299,635,000 in the previous year[55]. Dividend Policy - The board proposed a cash dividend of RMB 0.07 per share for the fiscal year 2023, totaling RMB 495,847,590 based on a total share capital of 7,083,537,000 shares as of December 31, 2023[3]. - The company maintained a stable dividend policy, having distributed approximately RMB 12.3 billion in cash dividends from 1996 to 2019, but did not declare dividends from 2020 to 2022 due to operational pressures[26]. - The total cash dividend amount for the year is RMB 495,848,000, which accounts for 46.85% of the net profit attributable to ordinary shareholders in the consolidated financial statements[173]. - The company has a cash dividend policy that stipulates a minimum annual payout ratio of 30% of distributable profits, with a cumulative cash distribution over three consecutive years not less than 30% of the average annual distributable profits[170]. Governance and Compliance - The company has established an internal control system that complies with international standards and regulatory requirements, covering various aspects such as investment management, information disclosure, and financial reporting[178]. - The company has continuously improved its corporate governance structure and internal control systems since its listing in 1996[100]. - The board of directors consists of 9 members, including 3 independent non-executive directors, meeting the requirement of at least one-third independence[190]. - The company has adhered to the corporate governance code as outlined by the stock exchange, with no significant deviations reported[183]. - The company has not faced any penalties from regulatory authorities in the past three years[135]. - The company confirmed that there were no external guarantees during the reporting period[150]. - The company has complied with all relevant laws and regulations that have a significant impact on its operations during the reporting period[78]. Risk Management - The company has established a financial risk management program to minimize potential adverse effects from foreign exchange, interest rate, credit, and liquidity risks[68]. - The company emphasizes the importance of risk management training for all employees to enhance their awareness and ability to manage risks[179]. - The company will closely monitor macroeconomic conditions and adjust its development strategy accordingly to mitigate risks associated with economic downturns[66]. Operational Highlights - The company operates a total railway mileage of 481.2 kilometers, connecting key regions in Guangdong Province, enhancing its strategic position in the railway network[15]. - The company has expanded its railway operation services, now covering multiple railways including the Wuguang Railway and the Guangzhou-Zhuhai Intercity Railway, contributing to new business growth[17]. - In 2023, the company achieved a passenger volume of 59.315 million, representing a year-on-year increase of 123.69%[25]. - The company plans to achieve a passenger volume of 64.5 million and a cargo volume of 15.95 million tons in 2024[65]. - The company is focused on improving operational efficiency by integrating passenger and freight transport capabilities[67]. Employee and Management - The total number of employees at the company and its main subsidiaries is 37,906[164]. - Employee compensation is closely linked to economic and labor efficiency, with total wages and benefits being contingent on the company's operational performance[166]. - The company has a structured evaluation mechanism for senior management, linking their performance to various operational metrics such as freight volume and profit[176]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 452.6 million[110]. Future Outlook - The company is optimistic about the economic recovery and aims to support national strategies while enhancing service quality and safety in 2024[30]. - The company is focused on deepening reforms and innovations in the railway sector to align with national development goals in 2024[30]. - The company is investing $50 million in research and development for new technologies aimed at enhancing operational efficiency[116]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[116].

证券研究报告 公 2024年03月31日 司 报 告 广深铁路(601333) 行 业： 交通运输/铁路公路 │ 公 投资评级： 增持（维持） 司 当前价格： 2.96元 客运需求回暖，23 年公司扭亏为盈 年 目标价格： 3.40元 报 点 事件： 评 基本数据 2023 年，公司全年实现营收 261.9亿元，同比增长31.4%，实现归母净利 总股本/流通股本(百万股) 7,083.54/7,083.54 润 10.6亿元，同比转亏为盈（2022年亏损19.9亿元）。其中，2023年四 流通A股市值(百万元) 16,730.62 季度公司实现营收 70.2 亿元，同比增长 49.2%，实现归母净利润 0.39 亿 元，2022年同期亏损10.0亿元。2023年公司每股派发现金股利0.07元， 每股净资产(元) 3.73 分红率约为47%。 资产负债率(%) 29.23 ➢ 铁路客运需求回暖带动公司客运及路网清算服务收入同步回升 一年内最高/最低(元) 4.29/2.38 2023年伴随前期外部影响因素消除，深港口岸以及过港直通车恢复通行， 公司管内车站旅客发送量回暖，2023 年合计发送旅客 5931.5 ...

2024年3月29日 公司研究 生产经营恢复，主营业务毛利率转正 ——广深铁路（601333.SH）2023 年报点评 要点 A 股：增持（维持） ◆事件：公司发布2023年报。公司23年年实现营业收入262亿元，同比增长 当 前价：2.99元 31.4%；实现归母净利润10.6亿元，较上年同期（亏损20亿）扭亏为盈；实现 H 股：增持（维持） 扣非归母净利润9.3亿元，较上年同期（亏损20亿）扭亏为盈。2023年第四季 度，公司实现收入70.2亿元，同比增长49.2%，环比增长3.2%；实现归母净 当前：1.77港元 利润0.39亿元，较上年同期（亏损10亿）扭亏为盈，环比下降89%；实现扣 作者 非归母净亏损0.65亿元，较上年同期（亏损10亿）大幅收窄，环比由盈转亏。 分析师：程新星 ◆旅客发送量恢复相对较慢，新开线路推动公司客运收入增长。公司23年旅客 执业证书编号：S0930518120002 发送量约5,932万人次，同比上涨124%，恢复至19年同期的70%，其中城际 021-52523841 chengxx@ebscn.com 列车、其他车旅客发送量分别约2,340万、3,512万人次，分别同 ...

Financial Performance - The company's operating revenue for 2023 reached CNY 26,194,897,332, representing a 31.35% increase compared to CNY 19,943,429,883 in 2022[14]. - The net profit attributable to shareholders for 2023 was CNY 1,058,289,071, a significant recovery from a loss of CNY 1,994,665,063 in 2022[14]. - The net cash flow from operating activities for 2023 was CNY 1,116,364,342, compared to a negative cash flow of CNY 193,449,258 in 2022[14]. - The basic earnings per share for 2023 was CNY 0.15, recovering from a loss of CNY 0.28 in 2022[15]. - The weighted average return on equity increased to 4.09% in 2023, up 11.69 percentage points from -7.60% in 2022[15]. - The total assets at the end of 2023 were CNY 37,234,946,966, a slight increase of 0.52% from CNY 37,041,375,827 at the end of 2022[14]. - The company's operating cost for 2023 was RMB 24.553 billion, an increase of 9.98% compared to RMB 22.326 billion in the previous year[25]. - The company reported an operating profit of RMB 1.468 billion in 2023, recovering from an operating loss of RMB 2.544 billion in the previous year[24]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.07 per share, totaling RMB 495,847,590 based on a total share capital of 7,083,537,000 shares as of December 31, 2023[3]. - The company has not distributed cash dividends from 2020 to 2022 due to external pressures, despite a history of 24 consecutive years of cash dividends prior to that[20]. - The company has cumulatively distributed approximately RMB 12.3 billion in dividends since its listing, maintaining a stable and predictable dividend policy[49]. Audit and Compliance - The company has received a standard unqualified audit report from PwC, ensuring the accuracy and completeness of the financial report[2]. - The board of directors has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[4]. - The company has not violated decision-making procedures in providing guarantees[4]. - The company has confirmed that all directors can guarantee the authenticity and completeness of the annual report[4]. - The company has engaged PwC as its domestic auditor and RSM as its overseas auditor, ensuring compliance with auditing standards[12]. Operational Highlights - The company operates a total railway mileage of 481.2 kilometers, connecting major regions in Guangdong Province[13]. - The company has expanded its railway operation services to multiple lines, enhancing its growth potential in the Guangdong-Hong Kong-Macao Greater Bay Area[13]. - In 2023, the company achieved a passenger volume of 59.315 million, a year-on-year increase of 123.69%, and a cargo volume of 16.0325 million tons, a decrease of 3.27%[20]. - The company aims to enhance its governance and operational efficiency through various board meetings and strategic decisions made throughout the year[20]. Risk Management - The company has outlined potential risks in its annual report, which should be reviewed in the "Board Report" section[5]. - The company is exposed to foreign exchange risks primarily related to USD and HKD, but does not currently use financial instruments to hedge these risks[55]. - The company is committed to enhancing its governance capabilities and improving management systems to mitigate operational risks[45]. Future Outlook - The company plans to continue focusing on high-quality development and enhancing service capabilities in 2024, aligning with national strategies and economic policies[21]. - The company plans to achieve a passenger volume of 64.5 million and a cargo volume of 15.95 million tons in 2024[45]. - The company provided a positive outlook for 2024, projecting a revenue growth of 12% and aiming to reach 11.2 billion yuan[75]. Employee and Governance - The total number of employees at the company and its main subsidiaries is 37,906[100]. - The board consists of 9 members, including 3 independent non-executive directors, meeting the requirement of at least one-third independence[118]. - The company has established a clear division of responsibilities between the chairman and the general manager, ensuring balanced power distribution[125]. - The company has implemented a performance-based compensation policy closely linked to economic and labor efficiency[101]. Environmental and Social Responsibility - The company invested RMB 23.13 million in environmental protection during the reporting period[139]. - The company reduced carbon emissions by 42,000 tons during the reporting period through various measures, including prioritizing electric locomotives and promoting energy-saving practices[143]. - The company’s environmental protection unit, Guangzhou Locomotive Depot, is listed as a key pollutant discharge unit and is committed to fulfilling its environmental responsibilities[140].

Financial Performance - The company's operating revenue for 2023 reached RMB 26,194,898, an increase of 31.35% compared to RMB 19,943,430 in 2022[14]. - The operating profit for 2023 was RMB 1,538,460, recovering from an operating loss of RMB 2,552,035 in 2022[14]. - The net profit attributable to shareholders for 2023 was RMB 1,058,289, compared to a net loss of RMB 1,994,665 in the previous year[14]. - The company achieved a basic earnings per share of RMB 0.15 in 2023, a significant improvement from a loss of RMB 0.28 in 2022[14]. - The company reported a total comprehensive income of RMB 1,067,484 thousand for the year, compared to a total comprehensive loss of RMB 1,993,647 thousand in 2022[188]. - The company reported a profit for the year of RMB 1,058,289,000, which is consistent with the previous year's profit[190]. Dividend Policy - The board of directors proposed a final cash dividend of RMB 0.07 per share for the year 2023, totaling RMB 495,847,590 based on a total share capital of 7,083,537,000 shares as of December 31, 2023[3]. - The total cash dividend amount for the year is RMB 495,848,000, which accounts for 46.85% of the net profit attributable to ordinary shareholders in the consolidated financial statements[100]. - The company has maintained a stable and predictable dividend policy since its listing in 1996, with cumulative dividends amounting to approximately RMB 12.3 billion, except for the years 2020 to 2022 due to the pandemic impact[45]. Governance and Compliance - The company assures the accuracy and completeness of the annual report, with no false statements or significant omissions[3]. - The audit report issued by PricewaterhouseCoopers confirmed a standard unqualified opinion for the financial statements[3]. - The company has complied with all relevant laws and regulations that significantly impact its operations during the reporting period[48]. - The company emphasizes continuous improvement in governance and internal control to promote sustainable development[54]. - The board of directors includes both executive and independent non-executive members, ensuring diverse oversight[2]. - The company has established an internal control system that complies with international standards and regulatory requirements, covering various aspects such as investment management, information disclosure, budget management, and financial reporting[102]. Risk Management - The company has established a financial risk management program to minimize potential adverse impacts from various financial risks[44]. - The company faces macroeconomic risks that could adversely affect its financial performance if economic conditions decline[43]. - The company has implemented a fraud prevention and control framework, including a whistleblower hotline and email for reporting ethical violations[124]. Operational Highlights - In 2023, the company achieved a passenger volume of 59.315 million, a year-on-year increase of 123.69%[19]. - The company has expanded its railway operation services, now covering multiple railways including the Wuguang Railway and the Guangzhou-Zhuhai Intercity Railway, contributing to new business growth[13]. - The company operates a total railway mileage of 481.2 kilometers, connecting key regions in Guangdong Province[12]. - The company is focused on enhancing service quality and efficiency to increase high-value cargo transportation, contributing to revenue growth[27]. Future Outlook - The outlook for 2024 emphasizes a commitment to high-quality sustainable development and support for national strategies[21]. - The company plans to continue enhancing corporate governance and operational efficiency through various board meetings and strategic decisions[19]. - The company plans to achieve a passenger volume of 64.5 million and a cargo volume of 15.95 million tons in 2024[41]. Shareholder Engagement - The company has maintained close communication with investors to enhance recognition of its investment value through various channels, including performance briefings and investor-specific calls[45]. - The company encourages shareholder participation in meetings, having held 1 shareholder meeting during the reporting period, with provisions for shareholders to submit proposals and inquiries[135]. - The company has established effective communication channels with investors, including a dedicated investor hotline and email, and regularly holds performance briefings to engage with investors[132]. Related Party Transactions - The company confirmed that all related party transactions complied with the Hong Kong Stock Exchange Listing Rules and were executed according to the signed agreement with China Railway Group[144]. - Independent non-executive directors confirmed that all ongoing related party transactions were conducted in the ordinary course of business and on fair and reasonable terms[148]. - The company engaged in related party transactions amounting to RMB 1,345,046,000 for service provision with China Railway Group and its subsidiaries, following the established pricing principles[145]. Employee and Management Structure - The total number of employees at the company and its major subsidiaries is 37,906, with 17,320 in passenger and freight operations[95]. - The company has a total of 161 employees with postgraduate degrees and 5,237 with bachelor's degrees, reflecting a diverse educational background among its workforce[95]. - The company is led by a diverse team of executives with extensive experience in the railway industry, including the current chairman and general manager, who have held significant positions in various railway organizations[61]. Financial Position - Total assets at the end of 2023 were RMB 37.235 billion, an increase of 0.52% compared to the end of 2022[15]. - Total liabilities decreased by 7.68% to RMB 10.883 billion at the end of 2023[15]. - Shareholders' equity (excluding minority interests) increased by 4.35% to RMB 26.390 billion[15]. - The company's asset-liability ratio at the end of the reporting period was 29.23%[48].

广深铁路股份有限公司 对会计师事务所 2023 年度履职情况评估报告 根据中华人民共和国财政部、国务院国有资产监督管理委员会及中国证券监督 管理委员会颁布的《国有企业、上市公司选聘会计师事务所管理办法》，广深铁路 股份有限公司（以下简称"公司"或"本公司"）对会计师事务所 2023 年度履职情况 进行评估，具体情况如下： 一、会计师事务所基本情况 1.普华永道中天会计师事务所（特殊普通合伙）（以下简称：普华永道中天） 普华永道中天为本公司 2023 年度境内财务报告与内部控制提供审计服务。 普华永道中天会计师事务所（特殊普通合伙）（以下简称：普华永道中天）前 身为 1993 年 3 月 28 日成立的普华大华会计师事务所，经批准于 2000 年 6 月更名 为普华永道中天会计师事务所有限公司；经 2012 年 12 月 24 日财政部财会函 [2012]52 号批准，于 2013 年 1 月 18 日转制为普华永道中天会计师事务所（特殊普 通合伙）。注册地址为中国（上海）自由贸易试验区陆家嘴环路 1318 号星展银行 大厦 507 单元 01 室。 普华永道中天拥有会计师事务所执业证书，具备从事 H 股企业审 ...

广深铁路股份有限公司 2023 年度社会责任报告 2024 年 3 月 28 日 | | | | 一、 | 董事长致辞 | 1 | | --- | --- | --- | | 二、 | 董事会声明 | 3 | | 三、 | 公司社会责任观 | 3 | | 四、 | 规范运作与诚信经营 | 6 | | 五、 | 安全保障与客货运输 | 12 | | 六、 | 环境保护与节能减排 | 20 | | 七、 | 社会公益与员工权益 | 24 | | 八、 | 报告说明 | 32 | 一、董事长致辞 2023 年，是全面贯彻落实党的二十大精神的开局之年，也 是"十四五"规划承上启下的重要一年。在这一年里，广深铁 路以习近平新时代中国特色社会主义思想为指引，在国铁集 团、广铁集团的支持指导下，坚持稳中求进的工作总基调，贯 彻落实公司股东大会、董事会的决策部署，推动公司各项工作 高质量发展，积极践行企业社会责任，为服务和支撑中国式现 代化建设贡献一份力量。 这一年，公司客运把握发展机遇，全年完成完成旅客发送 量 5,931.50 万人，同比增长 123.69%，铁路货运积极推动向现代 物流转型发展，大力发展集装化运输、多式 ...

广深铁路股份有限公司 独立董事 2023 年度述职报告 （汤小凡） 各位股东： 本人汤小凡，现任广深铁路股份有限公司（"公司"）独立董事、公司审核委员会及薪酬委员会 主席、提名委员会委员。2023年，本人恪尽职守、勤勉尽责，严格遵循《公司法》、《证券法》、 上交所《股票上市规则》、港交所《证券上市规则》等法律法规和公司《章程》、《独立董事工作 制度》的规定，充分发挥独立董事作用，促进公司规范运作，切实维护公司、股东特别是中小股东 的合法权益。现就本人2023年度履职情况报告如下: 一、 基本情况 （一） 出席董事会及其专门委员会、独立董事专门会议及股东大会情况 2023年，本人出席了公司全年召开的全部6次董事会会议（九届十六次董事会、九届十七次董 事会、十届一次至四次董事会）、1次股东大会（2022年股东周年大会）、6次审核委员会会议、2 次薪酬委员会会议和2次提名委员会会议；未有召开独立董事专门会议的情况。在2023年6月15日召 开的公司十届一次董事会会议上，本人被任命为公司审核委员会主席及审核委员会财务专家、薪酬 委员会主席。本人积极出席各次会议，主持召开有关审核委员会及薪酬委员会会议，依法依规、独 立 ...

第十届董事会第六次会议决议公告 A 股简称：广深铁路 股票代码：601333 公告编号：2024-006 广深铁路股份有限公司 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。 广深铁路股份有限公司（以下简称"本公司"）第十届 董事会第六次会议于 2024 年 3 月 28 日（星期四）上午九时 三十分在中国广东省深圳市和平路 1052 号以现场加通讯的 方式举行。会议通知已于 2024 年 3 月 13 日以书面文件形式 发出。本次会议应出席董事 9 人，亲自出席董事 9 人。公司 董事长韦皓先生主持了会议，董事胡酃酃先生、罗敬伦先生、 胡丹先生、张哲先生、周尚德先生、汤小凡先生、邱自龙先 生和王琴女士亲自参加了会议。本公司监事和高级管理人员 列席了会议。会议的召开符合《中华人民共和国公司法》和 本公司《章程》的有关规定。会议通知所列的各项议题经逐 项审议均获得全票通过，有关主要事项决议公告如下： 一、通过公司分别按中国会计准则及国际会计准则编 制的经审计 2023 年度财务报告并提请股东周年大会对该等 报告予以审议批准 ...