| 姓名╱名稱 | H股持股量 | | --- | --- | | 身份證號碼╱護照號碼 | 聯絡電話 | | 通訊地址 | | 日期： 股東簽名： 備註： (1) 凡持有本公司H股股份並於二零二五年十二月二日（星期二）登記在冊之股東，有權填寫此確認出席回執及參 加臨時股東大會並於會上投票。 (2) 請用正楷填寫本回執。複印回執亦屬有效。 (3) 請提供身份證（或護照）複印件。 (4) 請提供本公司相關股份的股份證書的複印件。 (5) 必須於二零二五年十二月二日（星期二）或之前以親遞、郵遞（以當地郵戳日期為準）或傳真的方式將填妥並經 簽署的回執連同上述第(3)段及第(4)段所述文件交回本公司H股過戶登記處，即香港中央證券登記有限公司， 地址為香港灣仔皇后大道東183號合和中心17樓1712至1716號舖。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：00525） 出席臨時股東大會回執 根據廣深鐵路股份有限公司（「本公司」）公司章程和《中華人民共和國公司法》及有關規定，凡 欲參加本公司於二零二五年十二月四日（星期四）上午九時三十分，在中華人民共和國廣東省深 圳市羅湖區和平路1052號3樓會議室舉行臨 ...

東大會（「臨時股東大會」）（或其任何續會），並代表本人╱吾等於臨時股東大會依照下列指示就臨時股東大會通告所列出的議案投票，如果未有填上指示，則由本人╱吾等之 代表酌情決定如何投票或放棄投票。 | | 毋須採用累積投票制投票的決議案 | 贊成 | 反對 | | 棄權 | （附註4） | （附註4） | （附註4） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 普通決議案： | | | | | | | | | | 1. | (a) 批准本公司與中國國家鐵路集團有限公司於二零二五年九月二十五日訂立的綜合服務框架協 議（「綜合服務框架協議」），擬據此進行的持續關連交易，以及根據綜合服務框架協議於截 | | | | | | | | | | 至二零二八年十二月三十一日止三個財政年度進行的持續關連交易的建議年度上限；及 | | | | | | | | | | (b) 授權本公司任何一名董事代表本公司簽立其全權酌情認為屬必須、可取、適當或權宜的所有 其他文件及協議，並作出有關行動或事宜，以執行及╱或落實綜合服務框架協議項下的交 | | | | | | ...

重要文件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢股票經紀或其他註冊證券交易商、銀 行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有廣深鐵路股份有限公司的股份，應立即將本通函及隨附的投票代理委 託書送交買方或承讓人或經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買方或承讓人。 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通函的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不對本通函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。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：00525） (1) 持續關連交易 (2) 建議修訂《公司章程》及其附件並取消監事會 (3) 建議委任非執行董事 及 (4) 臨時股東大會通告 獨立董事委員會及獨立股東的 獨立財務顧問 董事會函件載於本通函第4至26頁。獨立董事委員會向獨立股東發出推薦意見的函件載於本通函第 IBC-1至IBC-2頁。建泉融資向獨立董事委員會及獨立股東發出意見的函件載於本通函第IFA-1至 IFA-21頁。 本公司謹訂於二零二五年十二月四日（星期四 ...

(一)股东大会类型和届次 证券代码：601333 证券简称：广深铁路 公告编号：2025-023 广深铁路股份有限公司 关于召开2025年第一次临时股东大会的通知 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 2025年第一次临时股东大会 (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：2025 年 12 月 4 日 9 点 30 分 召开地点：广东省深圳市罗湖区和平路 1052 号本公司三楼会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 12 月 4 日至2025 年 12 月 4 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 ...

广深铁路股份有限公司 2025 年第一次临时股东大会 文 件 目 录 一、表决办法 二、议案 1.关于与中国国家铁路集团有限公司持续关联交易的议 案 2.关于修订公司章程并取消监事会的议案 3.关于修订《股东大会议事规则》的议案 4.关于修订《董事会议事规则》的议案 5.关于采用累积投票制选举本公司第十届董事会两名董 事（非执行）的议案 广深铁路股份有限公司 2025 年第一次临时股东大会资料：表决办法 广深铁路股份有限公司 2025 年第一次临时股东大会表决办法 一、本次会议以现场投票和网络投票相结合的方式进行 表决。公司将通过上海证券交易所的交易系统向 A 股股东提 供网络投票平台，股东可以通过该交易系统参加网络投票。 二、股东或股东代理人在表决时，以其所代表的有表决 权的股份数额行使表决权，每一股份有一票表决权。 三、本次会议共 5 项议题，其中： 第 1 项为普通决议案，须由出席会议的股东或股东代理 人所持有效表决权股份总数的 1/2 以上赞成方为通过。其中， 中国铁路广州局集团有限公司（"广铁集团"）作为本公司的 关联股东，须于本项议题的表决时予以回避，其所代表的有 表决权的股份数不计入有效表决权总 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company reported a revenue of 7.265 billion yuan for Q3 2025, representing a year-on-year increase of 2.2%. The net profit attributable to shareholders increased significantly by 17.0% to 347 million yuan, largely due to receiving 372 million yuan in land compensation. However, the non-recurring net profit dropped by 84.5% to 45 million yuan when excluding this compensation [2][4]. - The company is transitioning from a resource-based model to an operator model, focusing on high-speed rail operations. This transformation is expected to enhance business and valuation, although it may involve short-term pain due to the exit from conventional rail services and the cultivation of high-speed rail operations [6][10]. - The company anticipates profit growth from 1.44 billion yuan in 2025 to 1.77 billion yuan in 2027, with corresponding price-to-earnings ratios of 15x, 13x, and 12x respectively [6]. Summary by Sections Financial Performance - In Q3 2025, the company experienced a decline in passenger traffic across various services: intercity passengers down 11.7%, direct passengers down 7.3%, and long-distance trains down 21.6%. Despite this, the revenue increased by 2.2% to 7.265 billion yuan, while operating costs rose by 7.9% [2][4][11]. - The company received 372 million yuan in asset disposal income due to land requisition, which significantly impacted the financial results [4]. Business Transformation - The company is actively transforming its business model from traditional rail services to high-speed rail operations, which is expected to lead to a revaluation of its business. This transition is seen as a necessary response to the technological revolution in the rail industry [6][10]. - The company has begun upgrading its infrastructure, with the I and II line quality improvement projects passing inspection in September 2025, which is expected to increase operational costs in the short term [6][10]. Future Outlook - The company is projected to see a gradual increase in profits over the next few years, with estimates of 1.44 billion yuan in 2025, 1.65 billion yuan in 2026, and 1.77 billion yuan in 2027, indicating a positive growth trajectory [6][10].

Core Points - The Guangzhou-Shenzhen Intercity Railway has undergone quality improvement, increasing its operational speed to 200 km/h, reducing travel time to 57 minutes, and enhancing service frequency with trains departing every 5 minutes during peak hours [1][2][3] - The railway connects key cities in the Guangdong-Hong Kong-Macao Greater Bay Area, facilitating regional transportation and supporting national strategic initiatives [2][5] - The introduction of flexible ticket pricing and new ticket products aims to enhance passenger convenience and cater to high-frequency travelers [4][7] Group 1: Operational Enhancements - The railway's speed has been upgraded to 200 km/h, allowing for a travel time reduction of 3 minutes compared to previous operations [2][3] - A total of 178 train services will be operated daily, with an average frequency of one train every 13 minutes, significantly improving capacity and efficiency [3][6] - The number of direct trains between Guangzhou East and Shenzhen has increased, with peak service intervals reduced to every 30 minutes [3][6] Group 2: Ticketing Innovations - The railway continues to implement a market-based pricing mechanism, offering discounts of up to 25% on ticket prices, with special products for frequent travelers [4][5] - A new regular ticket option allows for 60 trips within 30 days at a significant discount, enhancing affordability for commuters [4][6] - Single ticket purchases now allow for immediate boarding without prior ticket collection, streamlining the travel process [4][8] Group 3: Connectivity and Integration - The Guangzhou-Shenzhen Intercity Railway serves as a crucial hub, linking multiple high-speed rail lines and enhancing regional connectivity [5][6] - The railway's integration with other transport networks facilitates efficient passenger transfers across the Greater Bay Area and beyond [5][6] - The improved service supports cross-border travel, particularly with the implementation of policies that enhance travel between Shenzhen and Hong Kong [7][8]

Core Viewpoint - The Guangzhou-Shenzhen Intercity Railway (GZ-SZ Intercity) has completed its quality improvement project, allowing trains to operate at a maximum speed of 200 km/h starting from November 5, enhancing capacity and efficiency in passenger transport [1][2]. Group 1: Project Completion and Enhancements - The quality improvement project for the GZ-SZ Intercity I and II lines was initiated in April and involved upgrades to tracks, bridges, power supply, and communication systems [1]. - Comprehensive testing of the trains was conducted in September, confirming that all systems met the requirements for operating at 200 km/h [1]. - Following the upgrades, the daily train schedule has been optimized, increasing the number of trains from 151 to 178, with trains departing every 13 minutes on average, and as frequently as every 5 minutes during peak hours [1]. Group 2: Ticket Pricing and Revenue - The GZ-SZ Intercity will continue to implement a market-based pricing mechanism, offering discounts based on passenger flow, with the lowest fare set at 75% of the published price [2]. - Regular ticket products have been introduced for frequent travelers, with discounts of up to 38% for 30-day/60-trip tickets [2]. - In the first half of 2025, the GZ-SZ Intercity generated a revenue of 1.319 billion yuan, accounting for 23.49% of the total passenger revenue of 5.616 billion yuan for the Guangzhou-Shenzhen Railway [2]. Group 3: Passenger Volume Trends - The passenger volume on the GZ-SZ Intercity has seen a decline, with a 5.65% year-on-year decrease in the first half of the year, attributed to competition from new rail lines [3]. - The railway has historically been a leader in modernization, being the first semi-high-speed railway in China, but has faced challenges due to aging infrastructure and policy changes leading to reduced speeds over the years [3]. Group 4: Financial Performance - The Guangzhou-Shenzhen Railway reported a revenue of 21.234 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 6.01% [4]. - The net profit attributable to shareholders increased by 20.43% to 1.456 billion yuan, while the net profit excluding non-recurring items decreased by 7.56% to 1.103 billion yuan [4].

Core Points - The new train schedule for the Guangzhou-Shenzhen Railway aims to enhance travel efficiency, convenience, and comfort, further promoting the integration of the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1: Train Operation Enhancements - The train speed and frequency have been upgraded, with the fastest travel time between Shenzhen and Guangzhou East now at 56 minutes, a 6.7% improvement [1] - The average number of daily trains has increased to 178, with trains running every 13 minutes and the shortest interval reduced to 5 minutes, creating a "just-in-time" operation model [1] Group 2: Ticketing and Accessibility - The Guangzhou-Shenzhen Railway has introduced various ticketing options, including "regular tickets" and "single tickets," with discounts of up to 38% for 30-day/60-trip regular tickets, catering to daily commuters [2] - Single tickets remain valid all day, providing flexibility for travelers at nine designated stations [2] Group 3: Connectivity and Network Integration - The new schedule adds 36 direct train services between Guangzhou East and Futian Station, allowing for point-to-point travel between key business districts, saving at least 30 minutes compared to previous routes [4] - The Guangzhou-Shenzhen Railway complements the Guangzhou-Shenzhen-Hong Kong High-Speed Railway, focusing on short-distance travel with high frequency, thus meeting the needs of commuters and business travelers [4]

Core Points - The new train schedule for the Guangzhou-Shenzhen Railway has been implemented, enhancing both speed and frequency of service [1][4][9] Speed Enhancement - The fastest travel time between Shenzhen and Guangzhou East is now 56 minutes, representing a 6.7% improvement [1] - A "1-hour commuting circle" is established between the central business districts of Guangzhou (Tianhe CBD) and Shenzhen (Futian CBD, Luohu District) [1] Frequency Improvement - The average number of daily train services has increased to 178, with trains departing every 13 minutes on average [1] - The minimum interval between train departures has been reduced to 5 minutes, facilitating a more convenient "on-demand" service model [1] Ticketing and Accessibility - The railway has introduced various ticketing options, including "regular tickets" and "single journey tickets," with discounts of up to 38% for 30-day/60-trip regular tickets [4] - Single journey tickets remain valid all day, allowing passengers to board any train on the same day at designated stations [4][9] Connectivity and Network Integration - The new schedule complements the Guangzhou-Shenzhen-Hong Kong High-Speed Railway and the Ganzhou-Shenzhen High-Speed Railway, covering 14 stations and creating a comprehensive transportation network [4][9] - Enhanced connections to other transport hubs, such as Guangzhou Station and Baiyun Airport, enable seamless transfers between different modes of transport [4][9]