罗建成先生在担任本公司副总经理期间，一直勤勉履行 高级管理人员的职责。本公司董事会对罗先生多年来对本公 司经营发展作出的贡献表示衷心感谢！ 广深铁路股份有限公司（以下简称"本公司"）董事会于 2024 年 9 月 25 日收到副总经理罗建成先生的辞任函，由于 工作变动，罗先生申请辞去本公司副总经理的职务。 根据《公司法》《公司章程》等规定，罗建成先生的辞任 函自送达本公司董事会时生效。罗先生辞去副总经理职务不 会对本公司相关工作及生产经营带来影响。 罗建成先生已确认与董事会和公司并无不同意见，亦无 任何其他事项须提请本公司股东注意。 A 股简称：广深铁路 股票代码：601333 公告编号：2024-023 广深铁路股份有限公司 关于高级管理人员辞任的公告 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。 特此公告。 广深铁路股份有限公司董事会 2024 年 9 月 26 日 ...

INTERIM REPORT 2024 半年度報告 [股份代號：00525] (111 N n/0000 n 重要提示 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 、 公司董事長韋皓、總經理陳少宏、總會計師羅新鵬及財務部長劉啟義聲明：保證本半年度報告中財務報 告的真實、準確、完整。 五 、 公司董事會決定本報告期不進行利潤分配或公積金轉增股本。 六 、 前瞻性陳述的風險聲明 ✓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 ...

Investment Rating - The report maintains a "Recommended" investment rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [1][17]. Core Views - The company reported a revenue of 12.925 billion and a net profit of 910 million for the first half of 2024, showing a year-on-year increase of 4.4% and 34.7% respectively. In Q2 alone, revenue was 6.324 billion with a net profit of 365 million, reflecting a year-on-year increase of 1.4% and 34.2% [2]. - The growth in passenger transport revenue is driven by increased operations of intercity trains and direct trains, while freight revenue has declined due to a significant drop in the volume of bulk commodities transported [2]. - The report suggests that the company's ongoing upgrades to direct trains and the future renovation projects at key stations will provide new growth opportunities [2]. Financial Summary - For the first half of 2024, the company achieved a total revenue of 12.925 billion, with a net profit of 910 million, marking a 34.7% increase year-on-year [2]. - Passenger transport revenue reached 5.465 billion, up 2.7% year-on-year, while freight revenue fell to 790 million, down 15.1% [2]. - The company's gross margin improved to 10.6%, an increase of 2.5 percentage points year-on-year, with operating costs growing at a slower pace than revenue [2]. - The earnings per share (EPS) for 2024-2026 are projected to be 0.20, 0.22, and 0.23 respectively, with corresponding price-to-earnings (PE) ratios of 16, 15, and 14 [2][3]. Valuation and Target Price - The target price for the company's stock is set at 4.63, representing a potential upside of 40% from the current price of 3.30 [5]. - The report suggests a price-to-book (PB) ratio of 1.2 times the expected net asset value for 2024, indicating the company is a potential undervalued asset [2].

华福证券 当前价格： 3.47 元 目标价格： 4.22 元 基本数据 总股本/流通股本(百万股) 7,083.54/5,652.24 流通 A 股市值(百万元) 19,613.26 每股净资产(元) 3.80 资产负债率(%) 28.36 一年内最高/最低价(元) 3.80/2.45 广深铁路（601333.SH） 业绩兑现亮眼，直通车具备弹性 投资要点： 事件： 广深铁路发布 2024 半年报。2024H1 公司实现营收 129.2 亿元，同 比+4.4%；归母净利润 9.1 亿元，同比+34.7%。其中，24Q2 实现营收 63.2 亿元，同比+1.4%；归母净利润 3.7 亿元，同比+34.1%。 24H1 归母净利润提升显著，高基数下 24H2 业绩预计环比走弱 24H1 公司总营收 129.2 亿元，同比+4.4%，其中：1）客运业务收 入 54.6 亿元，同比+2.7%，占总营收比 42%。2）路网清算业务收入 60.3 亿元，同比+9.7%，占总营收比 47%。3）货运业务收入 7.9 亿元，同 比-15.1%，占总营收比 6%。 成本费用管控良好下（营业成本同比+1.5%，管理费用率/财务费 ...

Financial Reporting - The company reported unaudited half-year results for the period ending June 30, 2024[1]. - The board confirmed the accuracy and completeness of the financial report, with no false statements or significant omissions[4]. - The financial report was prepared in accordance with Chinese accounting standards and remains unaudited[4]. - The company has detailed potential risks in the "Board Report" section of the half-year report[5]. - The financial statements were approved by the board on August 28, 2024, ensuring timely reporting of the company's financial health[116]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring compliance and transparency in financial reporting[117]. - The company has evaluated its ability to continue as a going concern for the next 12 months, with no significant doubts identified[118]. - The accounting basis is primarily historical cost, with provisions for impairment where necessary, reflecting prudent financial management[119]. - The company has not reported any changes in accounting policies or prior period adjustments, ensuring consistency in financial reporting[108]. Financial Performance - The company's operating revenue for the first half of 2024 reached CNY 12,924,720,330, representing a 4.40% increase compared to CNY 12,380,539,699 in the same period last year[24]. - Net profit attributable to shareholders was CNY 912,281,244, a significant increase of 34.65% from CNY 677,497,226 year-on-year[24]. - The net cash flow from operating activities amounted to CNY 1,110,360,142, reflecting a 36.87% increase compared to CNY 811,230,621 in the previous year[24]. - Basic earnings per share rose to CNY 0.1288, up 34.73% from CNY 0.0956 in the same period last year[26]. - Operating profit reached RMB 1.27 billion, up 36.35% from RMB 933 million year-on-year[31]. - Total profit for the period amounted to RMB 1,273,716,090, compared to RMB 945,207,624 in 2023, reflecting a year-on-year increase of 34.7%[102]. - Total comprehensive income for the period from January 1 to June 30, 2024, was RMB 911,514,749, an increase from RMB 691,356,303 in the same period of 2023, representing a growth of approximately 31.8%[105]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 37,513,156,357, a 0.75% increase from CNY 37,234,946,966 at the end of the previous year[25]. - The total current assets as of June 30, 2024, amounted to RMB 10,168,492,934, an increase from RMB 8,798,279,200 as of December 31, 2023, reflecting a growth of approximately 15.6%[96]. - Cash and cash equivalents increased significantly to RMB 2,564,088,371 from RMB 1,482,463,336, representing a growth of about 73.1%[96]. - The company's total liabilities decreased to RMB 10,241,824,883 as of June 30, 2024, from RMB 10,470,676,935 as of December 31, 2023, representing a reduction of approximately 2.2%[101]. - The company's asset-liability ratio was 28.36%, calculated based on the end-of-period liabilities divided by total assets[51]. Shareholder Information - The company has a total of 161,843 common shareholders as of the end of the reporting period[84]. - The largest shareholder, China Railway Guangzhou Bureau Group Co., Ltd., holds 2,629,451,300 shares, representing 37.12% of the total shares[85]. - The company has maintained compliance with public shareholding requirements, ensuring sufficient public float[93]. - The company reported a profit distribution of 495,847,590 RMB to shareholders, indicating a strong return on investment[109]. Governance and Compliance - The board of directors includes both executive and independent non-executive members, ensuring diverse oversight[2]. - The audit committee, composed of three independent non-executive directors, is responsible for reviewing financial performance and internal controls[60]. - The company plans to enhance governance and improve information disclosure quality to ensure compliance with legal and regulatory requirements[47]. - The company completed various governance improvements, including internal control evaluations and board member elections, to ensure sustainable development[54]. Operational Highlights - The company is actively involved in providing railway operation services for multiple railways, enhancing its operational capacity and market presence[30]. - In the first half of 2024, the national railway transported 2.096 billion passengers, marking an 18.4% year-on-year increase[29]. - The total freight transported by the national railway was 2.513 billion tons, showing a 0.6% increase compared to the previous year[29]. - The company plans to adapt to market demands by increasing the number of intercity and direct trains to enhance passenger service offerings[34]. Risk Management - The company faced macroeconomic risks that could adversely affect its operational performance and financial condition if the economic climate deteriorates[50]. - The company has established a financial risk management procedure to minimize potential adverse impacts on financial performance from various financial risks[50]. - The company did not use any financial instruments to hedge foreign exchange risks, primarily monitoring foreign currency transactions and the scale of foreign currency assets and liabilities[52]. Employee Information - The total number of employees at the end of the reporting period was 36,437, a decrease of 1,469 from the previous year, primarily due to natural attrition from retirement[71]. - The total amount paid to employees in wages and benefits during the reporting period was approximately RMB 4.087 billion[71]. - The company provided a total of 436,952 training sessions for employees, completing 50% of the annual training plan, with training expenses amounting to approximately RMB 18.468 million[74]. Related Party Transactions - The company engaged in related party transactions with the controlling shareholder, Guangtie Group, totaling RMB 1,919,070,406 for service acceptance and RMB 303,887,616 for network clearing services[79]. - The company has confirmed compliance with the Hong Kong Stock Exchange's related party transaction regulations, ensuring fair pricing principles are followed[78]. - The company has a commitment to not engage in competitive business activities within its operational scope, as per the agreement with Guangtie Group[76]. Future Outlook - The company anticipates continued growth in railway transportation market demand, particularly in passenger services, in the second half of 2024[47]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[103]. - The company is exploring potential mergers and acquisitions to strengthen its market position and enhance competitive advantages[112].

Financial Performance - The company's operating revenue for the first half of 2024 was RMB 12.92 billion, an increase of 4.40% compared to RMB 12.38 billion in the same period last year [19]. - The net profit attributable to shareholders for the first half of 2024 was RMB 912.28 million, representing a growth of 34.65% from RMB 677.50 million in the previous year [19]. - The net cash flow from operating activities reached RMB 1.11 billion, up 36.87% from RMB 811.23 million year-on-year [20]. - The basic earnings per share for the first half of 2024 was RMB 0.1288, a 34.73% increase compared to RMB 0.0956 in the same period last year [15]. - The total assets at the end of the reporting period were RMB 37.51 billion, a slight increase of 0.75% from RMB 37.23 billion at the end of the previous year [14]. - The company experienced a 1.52% increase in operating costs, totaling RMB 11.55 billion compared to RMB 11.38 billion in the previous year [20]. - The company reported a significant increase in tax expenses, rising by 273.94% to RMB 42,035,202 due to increased operating income [26]. Operational Highlights - The total passenger volume for the national railway in the first half of 2024 was 2.096 billion, an increase of 18.4% year-on-year [17]. - The company reported a decrease in long-distance train revenue due to a reduction in the number of cross-line trains operated [21]. - Other business revenue, including train maintenance and catering, was RMB 637 million, a slight increase of 0.71% from RMB 633 million in the previous year [21]. - Passenger revenue for the current period reached RMB 5,464,855,914, a year-on-year increase of 2.72% compared to RMB 5,320,155,709 [22]. - The number of passengers sent increased by 31.34% to 34,686,083 from 26,409,651 in the same period last year [22]. - Freight revenue decreased by 15.12% to RMB 789,766,152 from RMB 930,400,696, with freight volume down by 18.87% to 6,529,176 tons [23]. - Revenue from network clearing and other transportation services increased by 9.74% to RMB 6,032,860,284 compared to RMB 5,497,209,654 [24]. Governance and Compliance - The company aims to enhance governance and improve information disclosure quality to ensure compliance with legal and regulatory requirements [33]. - The company has adhered to the corporate governance code and has not encountered any significant deviations or violations [44]. - The board consists of nine members, including three independent non-executive directors, ensuring diverse expertise and experience [45]. - The audit committee, composed of three independent non-executive directors, has reviewed the company's financial performance and internal controls [46]. - The remuneration committee is responsible for reviewing and recommending the remuneration of directors and supervisors based on market conditions and company performance [47]. - The nomination committee discusses and proposes candidates for directors and senior management positions [48]. Shareholder Information - The total number of ordinary shareholders reached 161,843 by the end of the reporting period [73]. - China Railway Guangzhou Group Co., Ltd. holds 2,629,451,300 shares, accounting for 37.12% of the total shares [74]. - HKSCC NOMINEES LIMITED holds 1,417,572,999 shares, representing 20.01% of the total shares [74]. - The company has no significant changes in share capital structure during the reporting period [73]. - The public shareholding ratio complies with the regulations for maintaining sufficient public float [82]. Risk Management - The company has detailed potential risks in the "Board Report (including Management Discussion and Analysis)" section of the report [4]. - The company faces macroeconomic risks that could adversely affect its operational performance and financial condition [34]. - The company has not utilized any financial instruments to hedge foreign exchange risks, primarily monitoring foreign currency transactions [38]. Accounting and Financial Reporting - The financial report for the first half of 2024 was prepared in accordance with Chinese accounting standards and remains unaudited [2]. - There were no changes in accounting policies or significant accounting errors during the reporting period [39]. - The company’s accounting policies comply with the requirements of the accounting standards, reflecting the financial position as of June 30, 2024, and the results for the period from January 1 to June 30, 2024 [109]. - The company’s accounting year aligns with the calendar year, running from January 1 to December 31 [110]. Employee Information - As of the end of the reporting period, the total number of employees is 36,437, a decrease of 1,469 from the previous year due to natural attrition from retirements [60]. - The total salary and benefits paid to employees during the reporting period amounted to approximately RMB 4.087 billion [61]. - The company completed 50% of its annual training plan, with 436,952 person-times participating in various vocational training programs, and training expenses were approximately RMB 18.468 million [63]. Related Party Transactions - The total amount of related party transactions with China Railway Group and its subsidiaries for services provided was approximately RMB 2.04 billion [68]. - The company received approximately RMB 5.42 billion in passenger income and RMB 789.77 million in freight income from China Railway Group and its subsidiaries [69]. - The company paid RMB 32.64 million in rent for land use rights to China Railway Group during the reporting period [70]. - The company has no significant impact on its operating results and financial status from related party debts and credits [71]. Future Outlook - The company plans to leverage the recovering passenger flow to boost its passenger transport business and optimize transport organization [33]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [90].

广深铁路股份有限公司 内幕信息及知情人管理制度 第三条 公司监事会应当对内幕信息及知情人管理制度实施情况进行监 督。 第四条 为尽可能减少和避免发生内幕交易的风险，公司应依照相关法 律法规规定及时披露相关信息。 第二章 内幕信息及内幕信息知情人 （2009年10月28日第五届董事会第十三次会议通过） （2012年3月27日第六届董事会第六次会议修订） （2013年8月22日第六届董事会第十五次会议修订） （2024年8月28日第十届董事会第九次会议修订） 第一章 总则 第一条 为进一步完善广深铁路股份有限公司（以下简称"公司"）的内 幕信息管理制度，做好内幕信息保密工作，防范内幕信息知情人员滥用知情权、 泄露内幕信息、进行内幕交易，根据《中华人民共和国证券法》、（"《证券法》"）、 中国证券监督管理委员会（"中国证监会"）《上市公司信息披露管理办法》和 《上市公司监管指引第5号——上市公司内幕信息知情人登记管理制度》、香港联 合交易所有限公司（"香港联交所"）《证券上市规则》、香港证券及期货事务监 察委员会（"香港证监会"）《证券及期货条例》（香港法例第571章）和《内幕消 息披露指引》等法律法规、规范性文件 ...

证券代码：601333 证券简称：广深铁路 公告编号：2024-020 广深铁路股份有限公司 关于召开 2024 年半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法律责任。 重要内容提示： 投资者可于 2024 年 08 月 22 日(星期四)至 08 月 28 日(星期三)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 ir@gstlgs.com 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。 广深铁路股份有限公司（以下简称"公司"）将于 2024 年 8 月 29 日发布公司 2024 年半 年度报告，为便于广大投资者更全面深入地了解公司 2024 年半年度经营成果、财务状况， 公司计划于 2024 年 08 月 29 日下午 16:00-17:00 举行 2024 年半年度业绩说明会，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络互动形式召开，公司将针对 2024 年半年度的经营成果及财务 指标的具体情况与投资者进行互动交流和沟通，在信息 ...

Summary of Conference Call Company or Industry Involved - The conference call is organized by a securities research institute, specifically targeting institutional investors and invited clients [1] Core Points and Arguments - The content of the call emphasizes that the opinions expressed by third-party guests are personal views and do not constitute specific investment advice regarding securities at particular price points or market conditions [1] Other Important but Possibly Overlooked Content - The call is restricted to signed institutional investors and invited guests, indicating a focus on a select audience for the information shared [1]

证券代码：601333 证券简称：广深铁路 公告编号：2024--019 广深铁路股份有限公司 2023 年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利 0.07 元（含税） 截至股权登记日（2024 年 8 月 15 日）下午上海证券交易所收市后，在中国证券登记结算 有限责任公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本7,083,537,000股为基数，每股派发现金红利0.07 元（含税），共计派发现金红利 495,847,590 元。 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/8/15 | － | 2024/8/16 | 2024/8/16 | 差异化分红送转： 否 一、通过分配方案的股东大会届次和日期 本次利润分配方案经广深 ...