半年度報告 [ 股份代號：00525 ] 廣 深 鐵 路 2025 年 半 年 度 報 告 重要提示 ✓適用 □不適用 本半年度報告中如有涉及未來計劃、發展戰略等前瞻性描述，均不構成公司對投資者的實質承諾，投資者及 相關人士均應當對此保持足夠的風險認識，並且應當理解計劃、預測與承諾之間的差異。 七、 是否存在被控股股東及其他關聯方非經營性佔用資金情況 否 八、 是否存在違反規定決策程序對外提供擔保的情況 否 九、 是否存在半數以上董事無法保證公司所披露半年度報告的真實性、準確性和完整性 否 十、 重大風險提示 公司已在本半年度報告中詳細描述未來可能面對的風險，請查閱「董事會報告（含管理層討論與分析）」章節 中「可能面對的風險」部分的相關內容。 001 一、 本公司董事會（「董事會」）、監事會及董事、監事、高級管理人員保證本半年度報告內容的真實性、準確性、 完整性，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二、 公司全體董事出席審議本半年度報告的董事會會議。 三、 本半年度報告中的財務報告按照中國企業會計準則編製，並且未經審計。 四、 公司董事長蔣輝、總經理陳少宏、總會計師羅新鵬及財務 ...

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文件的內容概不負責，對 其準確性或完整性亦不發表任何聲明，幷明確表示，概不對因本檔全部或任何部份內 容而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：00525） 承董事會命 廣深鐵路股份有限公司 唐向東 公司秘書 中國·深圳 2025 年 8 月 28 日 於本公告發出之日，本公司董事會成員包括： | 執行董事 | | 非執行董事 | | 獨立非執行董事 | | --- | --- | --- | --- | --- | | 蔣 | 輝 | 胡 | 丹 | 湯小凡 | | 陳少宏 | | 張 | 哲 | 邱自龍 | | 周尚德 | | | | 王 琴 | 於其他市場發佈的公告 广深铁路股份有限公司 本公告乃根據《香港聯合交易所有限公司證券上市規則》第 13.10B 條而作出。 市值管理办法 茲載列廣深鐵路股份有限公司（「本公司」）在上海證券交易所網站刊登的《市值管 理辦法》，僅供參閱。 第一条 为加强广深铁路股份有限公司（以下简称"公 司"）市值管理，提升投资价值与股东回报，依据《中华人 民共和 ...

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文件的內容概不負責，對 其準確性或完整性亦不發表任何聲明，幷明確表示，概不對因本檔全部或任何部份內 容而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：00525） 於其他市場發佈的公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第 13.10B 條而作出。 茲載列廣深鐵路股份有限公司（「本公司」）在上海證券交易所網站刊登的《第十屆 董事會第十五次會議決議公告》，僅供參閱。 承董事會命 廣深鐵路股份有限公司 唐向東 公司秘書 中國·深圳 2025 年 8 月 28 日 於本公告發出之日，本公司董事會成員包括： | 執行董事 | | 非執行董事 | | 獨立非執行董事 | | --- | --- | --- | --- | --- | | 蔣 | 輝 | 胡 | 丹 | 湯小凡 | | 陳少宏 | | 張 | 哲 | 邱自龍 | | 周尚德 | | | | 王 琴 | 证券代码：601333 证券简称：广深铁路 公告编号：2025-012 （一）会议的召开符合《中华人民共和国公司法》、本公司《 ...

Core Viewpoint - The company reported a revenue increase of 8.08% year-on-year, reaching 13.969 billion RMB, and a net profit increase of 21.55%, amounting to 1.109 billion RMB for the first half of 2025 [1] Revenue and Profit Summary - The company's operating revenue for the period was 13.969 billion RMB, reflecting an 8.08% increase compared to the previous year [1] - The net profit attributable to shareholders was 1.109 billion RMB, which is a 21.55% increase year-on-year [1] - Basic earnings per share were reported at 0.1565 RMB [1] Passenger Volume and Revenue Analysis - There was a decline in passenger volume, attributed to the opening of new high-speed rail lines such as the Meilong and Guangshan railways, which led to adjustments in the railway operation schedule and a decrease in the number of trains operated [1] - Despite the decrease in passenger volume, the company adapted to market demand by increasing services such as the direct train from Guangzhou East to Hong Kong West Kowloon, resulting in significant revenue growth from direct and long-distance cross-line trains [1] - Overall, the company managed to achieve growth in passenger revenue despite the challenges faced in the traditional routes [1]

Core Viewpoint - Guangshen Railway Company reported a revenue of 13.969 billion yuan for the first half of 2025, reflecting an 8.08% year-on-year increase, while net profit attributable to shareholders rose by 21.55% to 1.109 billion yuan, with basic earnings per share at 0.1565 yuan [1] Revenue Analysis - The increase in overall passenger revenue was attributed to the company's proactive response to market demand changes, despite a decline in passenger volume [1] - The company organized additional services such as direct trains from Guangzhou East to Hong Kong West Kowloon and cross-line trains, which significantly boosted revenue from these routes [1] Passenger Volume and Operations - The decline in passenger volume was primarily due to the opening of new high-speed rail lines, which led to adjustments in train schedules and a reduction in the number of certain services [1] - The company experienced a decrease in passenger numbers and revenue from existing services like the Guangzhou (East) to Shenzhen intercity trains and long-distance trains, as their occupancy rates fell [1]

Core Viewpoint - Guangshen Railway Co., Ltd. reported a revenue increase of 8.08% year-on-year, reaching RMB 13.969 billion for the six months ending June 30, 2025, indicating strong operational performance [1] Financial Performance - The net profit attributable to shareholders increased by 21.55% year-on-year, amounting to RMB 1.109 billion [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 17.44% year-on-year, totaling RMB 1.058 billion [1] - Basic earnings per share were reported at RMB 0.1565 [1]

（三）会议于 2025 年 8 月 28 日 9:30 分在本公司以现场加通讯的方式召开。 （四）会议由董事长蒋辉先生主持，会议应出席的董事人数为 8 名，实际出 席会议的董事为 8 名，监事和高管列席了会议。 二、董事会会议审议情况 证券代码：601333 证券简称：广深铁路 公告编号：2025-012 广深铁路股份有限公司 第十届董事会第十五次会议决议公告 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、准确性和完整性法律责任。 一、董事会会议召开情况 （一）会议的召开符合《中华人民共和国公司法》、本公司《章程》的规定。 （二）会议通知和材料于 2025 年 8 月 13 日以书面文件形式发出。 本公司对所拥有的京广铁路大朗站至棠溪站南场部分既有房屋建构筑物、铁路线 路和设施设备资产予以处置。有关详情可查阅与本公告同日披露在上海证券交易 所（http://www.sse.com.cn）及香港联交所披露易（http://www.hkexnews.hk/）网 站上的《关于京广铁路大朗站至棠溪站南场部分资产处置的公告》。 特此公告。 广深铁路股份有限公司董事 ...

公司代码：601333(A 股)/00525(H 股) 公司简称：广深铁路 广深铁路股份有限公司2025 年半年度报告 重要提示 广深铁路股份有限公司 Guangshen Railway Company Limited （于中华人民共和国注册成立之股份有限公司） 2025 年半年度报告 2025 年 8 月 28 日 一、 本公司董事会（「董事会」）、监事会及董事、监事、高级管理人员保证本半年度报告内容的真 实性、准确性、完整性，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、 公司全体董事出席审议本半年度报告的董事会会议。 三、 本半年度报告中的财务报告按照中国企业会计准则编制，并且未经审计。 四、 公司董事长蒋辉、总经理陈少宏、总会计师罗新鹏及财务部长邓宇晖声明：保证本半年度报告 中财务报告的真实、准确、完整。 五、 公司董事会决定本报告期不进行现金分红，也不进行利润分配或公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告中如有涉及未来计划、发展战略等前瞻性描述，均不构成公司对投资者的实质承 诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计 ...

[Important Notice](index=2&type=section&id=Important%20Notice) This semi-annual report contains forward-looking statements that do not constitute substantive commitments, and investors should be aware of risks [Overview](index=2&type=section&id=Important%20Notice-Overview) This semi-annual report contains forward-looking statements, does not constitute substantive commitments, and investors should be aware of risks; the board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness; financial statements are prepared under Chinese accounting standards and are unaudited; the board decided against cash dividends, profit distribution, or capitalization issue for this period - Forward-looking statements in this semi-annual report do not constitute substantive commitments by the company to investors, who should maintain risk awareness[5](index=5&type=chunk) - The company's Board of Directors, Supervisory Board, and directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content[6](index=6&type=chunk) - The financial report in this semi-annual report is prepared in accordance with Chinese Enterprise Accounting Standards and is unaudited[6](index=6&type=chunk) - The company's Board of Directors decided not to distribute cash dividends, profit, or convert capital reserves into share capital for the current reporting period[6](index=6&type=chunk) [Section I Definitions](index=4&type=section&id=Section%20I%20Definitions) This section defines common terms used in the report, ensuring consistent understanding for readers [Definitions of Common Terms](index=4&type=section&id=Definitions%20of%20Common%20Terms) This chapter provides definitions for common terms used in the report, including company names, reporting periods, stock types, and regulatory bodies, to ensure consistent understanding - The reporting period refers to the six months from January 1 to June 30, **2025**, and the prior corresponding period refers to the six months from January 1 to June 30, **2024**[8](index=8&type=chunk) - The company's controlling shareholder is China Railway Guangzhou Group Co., Ltd. (Guangzhou Railway Group), and the actual controller is China State Railway Group Co., Ltd. (China Railway Group)[8](index=8&type=chunk) [Section II Company Profile and Key Financial Indicators](index=5&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, contact details, stock profile, and key financial performance metrics [I. Company Information](index=5&type=section&id=I.%20Company%20Information) Guangshen Railway Company Limited is a joint-stock company established in China, with Jiang Hui as its legal representative - The company's Chinese name is Guangshen Railway Company Limited, and its legal representative is Jiang Hui[10](index=10&type=chunk) [II. Contact Person and Information](index=5&type=section&id=II.%20Contact%20Person%20and%20Information) Company Secretary Tang Xiangdong and Securities Affairs Representative Deng Yanxia manage investor relations, with disclosed contact address, phone, and email - The Board Secretary is Tang Xiangdong, and the Securities Affairs Representative is Deng Yanxia, with contact phone and email disclosed[11](index=11&type=chunk) [III. Brief Introduction to Changes in Basic Information](index=5&type=section&id=III.%20Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) The company's registered and office addresses remain unchanged at No. 1052 Heping Road, Luohu District, Shenzhen, Guangdong Province - The company's registered and office addresses have not changed historically[12](index=12&type=chunk) [IV. Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=6&type=section&id=IV.%20Brief%20Introduction%20to%20Changes%20in%20Information%20Disclosure%20and%20Document%20Storage%20Locations) The company designates several newspapers and websites for information disclosure, with no changes in disclosure or storage locations during the reporting period - The company designates multiple newspapers and websites for information disclosure, with no changes in information disclosure or document storage locations during the reporting period[13](index=13&type=chunk) [V. Company Stock Overview](index=6&type=section&id=V.%20Company%20Stock%20Overview) The company's A-shares are listed on the Shanghai Stock Exchange (stock code 601333), and H-shares are listed on the Hong Kong Stock Exchange (stock code 00525) Company Stock Overview | Stock Type | Listing Exchange | Stock Abbreviation | Stock Code | | :--- | :--- | :--- | :--- | | A-shares | SSE | Guangshen Railway | 601333 | | H-shares | HKEX | Guangshen Railway Shares | 00525 | [VI. Other Relevant Information](index=7&type=section&id=VI.%20Other%20Relevant%20Information) The company has appointed Deloitte Touche Tohmatsu Certified Public Accountants LLP as its accounting firm and Haiwen Law Firm as its legal counsel - The company has appointed Deloitte Touche Tohmatsu Certified Public Accountants LLP as its accounting firm, with Huang Tianyi and Chen Wanlin as signing accountants[14](index=14&type=chunk) - The company has appointed Beijing Haiwen (Shenzhen) Law Firm as its Chinese legal counsel and Haiwen Law Firm (Limited Liability Partnership) as its Hong Kong legal counsel[14](index=14&type=chunk) [VII. Key Accounting Data and Financial Indicators](index=8&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 **2025**, the company's operating revenue increased by **8.08%** to **13.97 billion yuan**, and net profit attributable to shareholders increased by **21.55%** to **1.11 billion yuan** Key Accounting Data (H1 2025 vs. Prior Corresponding Period) | Key Accounting Data | Current Period (Jan-Jun) (RMB yuan) | Prior Corresponding Period (RMB yuan) | Change from Prior Corresponding Period (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 13,968,981,131 | 12,924,720,330 | 8.08 | | Total Profit | 1,388,551,911 | 1,273,716,090 | 9.02 | | Net Profit Attributable to Shareholders of the Listed Company | 1,108,915,456 | 912,281,244 | 21.55 | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-Recurring Gains and Losses | 1,058,194,826 | 901,055,681 | 17.44 | | Net Cash Flow from Operating Activities | 1,822,525,971 | 1,110,360,142 | 64.14 | Key Financial Indicators (H1 2025 vs. Prior Corresponding Period) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Corresponding Period | Change from Prior Corresponding Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.1565 | 0.1288 | 21.51 | | Diluted Earnings Per Share (yuan/share) | 0.1565 | 0.1288 | 21.51 | | Basic Earnings Per Share Excluding Non-Recurring Gains and Losses (yuan/share) | 0.1494 | 0.1272 | 17.45 | | Weighted Average Return on Net Assets (%) | 4.03 | 3.43 | Increased by 0.60 percentage points | | Weighted Average Return on Net Assets Excluding Non-Recurring Gains and Losses (%) | 3.85 | 3.39 | Increased by 0.46 percentage points | [VIII. Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=10&type=section&id=VIII.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) The company reports no differences in accounting data under domestic and overseas accounting standards - The company has no differences in accounting data under domestic and overseas accounting standards[18](index=18&type=chunk) [IX. Non-Recurring Gains and Losses Items and Amounts](index=10&type=section&id=IX.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, total non-recurring gains and losses amounted to **50.72 million yuan**, primarily from government grants and disposal of non-current assets Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (RMB yuan) | | :--- | :--- | | Disposal gains/losses on non-current assets | 3,475,656 | | Government grants recognized in current profit or loss | 70,947,967 | | Other non-operating income and expenses | (4,621,668) | | Less: Income tax impact | 19,060,063 | | Impact on minority interests (after tax) | 21,262 | | Total | 50,720,630 | [Section III Board of Directors' Report (Including Management Discussion and Analysis)](index=11&type=section&id=Section%20III%20Board%20of%20Directors'%20Report%20%28Including%20Management%20Discussion%20and%20Analysis%29) This section provides a comprehensive discussion and analysis of the company's industry, main business, operating performance, financial position, and future outlook [I. Description of the Company's Industry and Main Business During the Reporting Period](index=11&type=section&id=I.%20Description%20of%20the%20Company's%20Industry%20and%20Main%20Business%20During%20the%20Reporting%20Period) The railway industry, a national economic artery, saw growth in both passenger and freight volumes in H1 **2025**, with the company primarily operating railway passenger and freight transport services [(I) Industry Overview](index=11&type

广深铁路股份有限公司 市值管理办法 第二条 市值管理是指公司以提升质量为基础，通过战 略管理行为增强投资价值与股东回报能力，促进市值合理反 映内在价值，投资价值合理反映公司质量。 第三条 公司需坚守诚实守信、规范运作、专注主业、 稳健经营理念，提升经营质量。同时做好投资者关系管理与 信息披露，必要时采取措施提振投资者信心，推动市值管理 工作扎实有序开展。 第四条 公司开展市值管理的基本原则： （一）依法合规原则：严格遵守法律法规、监管规定及 公司章程，确保市值管理行为合法合规。 （二）价值创造原则：聚焦高质量发展，通过市场拓展、 改革创新、管理优化等实现可持续发展，夯实市值基础。 （三）科学合理原则：尊重市场规律，运用科学方法监 测评估市值，动态调整管理策略。 （四）诚实守信原则：如实披露信息，切实履行承诺， 维护健康市场生态，赢得投资者信任。 第二章 职责分工 （2025 年 8 月 28 日第十届董事会第十五次会议审议通过） 第一章 总则 第一条 为加强广深铁路股份有限公司（以下简称"公 司"）市值管理，提升投资价值与股东回报，依据《中华人 民共和国公司法》《中华人民共和国证券法》《上市公司监 管指引第 ...