Financial Performance - The company's operating revenue for the first half of 2023 was CNY 576.20 million, representing a year-on-year increase of 19.82% compared to CNY 480.87 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2023 was CNY 232.52 million, up 32.35% from CNY 175.68 million in the previous year[21]. - The basic earnings per share for the first half of 2023 was CNY 0.12, reflecting a 33.33% increase from CNY 0.09 in the same period last year[21]. - The weighted average return on net assets increased to 5.07%, up 0.85 percentage points from 4.22% in the previous year[21]. - The net cash flow from operating activities for the first half of 2023 was CNY 259.22 million, a significant increase of 54.43% compared to CNY 400.31 million in the previous year[21]. - Operating revenue reached CNY 57,619.85 million, an increase of 19.82% year-on-year[29]. - Net profit attributable to shareholders was CNY 23,251.82 million, reflecting a year-on-year growth of 32.35%[29]. - Earnings per share increased to CNY 0.12, up 33.33% compared to the previous year[29]. - The net asset return rate improved to 5.07%, an increase of 0.85 percentage points[29]. - The company reported a total comprehensive income of ¥248,395,663.69 for the first half of 2023, compared to ¥185,109,291.85 in the same period of 2022, marking a 34.14% increase[106]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5.89 billion, a decrease of 2.32% from CNY 6.03 billion at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were CNY 4.70 billion, an increase of 5.20% from CNY 4.47 billion at the end of the previous year[21]. - The company achieved total assets of CNY 589,148.88 million, a decrease of 2.32% year-on-year[29]. - Total liabilities decreased to CNY 831,792,752.07 from CNY 1,220,227,091.06, indicating a significant reduction of approximately 31.88%[95]. - The company's equity increased to CNY 5,059,696,071.44 from CNY 4,811,300,407.75, showing an increase of around 5.15%[95]. - The total owner's equity at the end of the reporting period is CNY 4,569,452,201.63, an increase from CNY 4,416,752,388.06 at the end of the previous year, representing a growth of approximately 3.46%[118]. Cash Flow - The company's cash flow from operating activities was CNY 400,306,448.91, a significant increase of 54.43% year-on-year[32]. - The total cash inflow from operating activities for the first half of 2023 was CNY 443,018,028.66, an increase of 15.3% compared to CNY 384,852,499.27 in the same period of 2022[112]. - The net cash flow from operating activities reached CNY 306,339,123.85, up by 33.1% from CNY 230,037,937.54 year-on-year[112]. - The cash outflow for investment activities was CNY 453,370.01, significantly lower than CNY 25,812,187.00 in the same period last year, reflecting a strategic reduction in investment spending[112]. - The total cash outflow from financing activities was ¥814,798,227.05, slightly down from ¥815,366,920.47 in the previous year, indicating stable financing management[109]. Operational Efficiency - The company’s toll revenue increased due to traffic flow recovery, following a decrease in the previous year due to macroeconomic conditions[32]. - The company implemented a 24-hour command and dispatch system to enhance operational efficiency[29]. - R&D expenses decreased by 64.15% due to some costs being capitalized, compared to all being expensed in the previous year[33]. Corporate Governance and Compliance - The company held its first extraordinary general meeting of shareholders on January 18, 2023, to approve various proposals including participation in PPP project investments and the reappointment of auditing firms[44]. - The company is focused on establishing a sound corporate governance structure in compliance with the regulations of the China Securities Regulatory Commission[56]. - The company has committed to maintaining independence in business, assets, finance, personnel, and organization from its controlling shareholders and related parties[56]. - The company has not reported any significant guarantees during the reporting period[57]. Risks and Challenges - The company faces risks related to highway industry policies, which may impact toll revenue due to changes in traffic flow and toll rates[41]. - Financial risks are heightened due to reliance on a single industry, with uncertainties in toll revenue and operational conditions expected in 2023[41]. - The company is challenged by insufficient innovation capabilities and modernization in highway management, impacting its operational efficiency[42]. Related Party Transactions - The company has committed to minimizing related party transactions with Jilin Expressway during the reporting period and strictly adhering to relevant laws and regulations[56]. - The company has engaged in related party transactions totaling 32,331,991 yuan for various services provided and received[68]. - The company has not disclosed any significant related party transactions during the reporting period[70]. Legal Matters - The company has not reported any new significant litigation or arbitration matters during the reporting period[59]. - The company is involved in ongoing litigation related to a previous case with a total amount of approximately 3.2 million USD[59]. - The company must also pay interest on the aforementioned amount from June 1, 2003, to September 1, 2006, calculated at the People's Bank of China’s overdue loan interest rate[62]. Shareholder Information - The company has 45,741 ordinary shareholders as of the end of the reporting period[79]. - The top shareholder, Jilin Province Expressway Group Co., Ltd., holds 1,027,598,219 shares, accounting for 54.35% of total shares[81]. - The second largest shareholder, China Merchants Highway Network Technology Holdings Co., Ltd., holds 265,528,042 shares, representing 14.04%[81]. Strategic Initiatives - The company is committed to enhancing ecological protection through ongoing greening projects and improving road maintenance for better environmental integration[52]. - The company is actively promoting consumption assistance to support poverty alleviation and rural revitalization by sourcing agricultural products from impoverished areas[53]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards and regulations[128][131]. - The company recognizes cash and cash equivalents as cash on hand and deposits available for payment[141]. - Revenue is recognized when the company fulfills its performance obligations, primarily from highway tolls and electromechanical engineering services[192].

1、公司 2023 年半年度报告的全文及摘要编制和审议程序符合国家相关法 律、法规及《公司章程》的各项规定； 证券代码：601518 证券简称：吉林高速 公告编号：临 2023-020 第四届监事会第二次会议决议公告 本公司监事会及全体监事保证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。 一、监事会会议召开情况 吉林高速公路股份有限公司（以下简称公司）于 2023 年 8 月 21 日以通讯方 式召开第四届监事会第二次会议，应参会监事 3 人, 实际参会监事 3 人。本次会 议的召集和召开符合《公司法》及相关法律法规和《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事投票表决，审议通过如下议案并形成决议： （一）吉林高速公路股份有限公司 2023 年半年度报告及摘要 根据《证券法》《公开发行证券的公司信息披露内容与格式准则第 3 号—半 年度报告的内容与格式（2021 年修订）》的有关要求，监事会对公司 2023 年半 年度报告全文及摘要发表如下审核意见： 吉林高速公路股份有限公司 2、公司 2023 年半年度报告全文及摘要的内容和格式 ...

证券代码：601518 证券简称：吉林高速 公告编号：临 2023-019 吉林高速公路股份有限公司 第四届董事会第二次会议决议公告 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、准确性和完整性承担法律责任。 一、董事会会议召开情况 吉林高速公路股份有限公司（以下简称公司）于 2023 年 8 月 21 日以通讯方 式召开第四届董事会第二次会议。本次会议应参会董事 7 人，实际参会董事 7 人。会议的召集和召开符合《公司法》及相关法律法规和《公司章程》的有关规 定。 二、董事会会议审议情况 经与会董事审议、投票表决，审议通过如下议案并形成决议： （一）吉林高速公路股份有限公司 2023 年半年度报告及摘要 表决结果：同意 7 票 反对 0 票 弃权 0 票 详见公司同日披露于《中国证券报》《上海证券报》及上海证券交易所网站 （http://www.sse.com.cn）内容。 （二）关于修订《吉林高速公路股份有限公司章程》的议案 表决结果：同意 7 票 反对 0 票 弃权 0 票 本项议案尚需提交公司股东大会审议。 具体内容详见同日披露于上海证券交易所网 ...

证券代码：601518 证券简称：吉林高速 公告编号：临 2023-021 吉林高速公路股份有限公司 关于修订公司章程的公告 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。 吉林高速公路股份有限公司（以下简称公司）于 2023 年 8 月 21 日以通讯方 式召开第四届董事会第二次会议，审议通过了《关于修订<公司章程>的议案》， 该项议案尚需提交公司 2023 年第二次临时股东大会审议。 一、修改公司股份变动内容 按照公司 2022 年年度股东大会审议通过的《2022 年度利润分配及资本公积 金转增股本的预案》,公司以总股本 1,350,395,121 股为基数，以资本公积金向 全体股东每 10 股转增 4 股。公司于 2023 年 6 月 29 日完成了 2022 年度权益分派 的实施工作，以资本公积金向全体股东转增合计 540,158,048 股。公司总股本由 原来的 1,350,395,121 股，转增后总股本增加至 1,890,553,169 股。现将《公 司章程》对应的内容修订如下： 《公司章程》原条款： | 股 东 ...

证券代码：601518 证券简称：吉林高速 公告编号：临 2023-023 吉林高速公路股份有限公司 关于更换公司总经理的公告 本公司董事会及全体董事保证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。 由于工作调整，吉林高速公路股份有限公司（以下简称公司）董事会于近日 收到蒋涛先生递交的《关于申请辞去总经理职务的报告》。蒋涛先生在辞去总经 理职务后，仍担任公司董事长及其他职务，并提名鲁明威先生（简历附后）担任 公司总经理职务。 2023 年 8 月 21 日，公司召开第四届董事会第二次会议，审议通过了《关 于更换公司总经理的议案》，经公司第四届董事会提名委员会审核无异议，同意 聘任鲁明威先生为公司总经理，任期自本次董事会会议审议通过之日起至第四届 董事会届满之日止。同时，鲁明威先生辞去公司副总经理职务。 公司独立董事就《关于更换公司总经理的议案》发表了同意的独立意见：公 司聘任总经理的提名和表决程序符合有关法律法规及《公司章程》的规定，合法 有效。经审阅，鲁明威先生具备担任总经理职务的专业素质和工作能力，符合任 职资格，不存在《公司法》规定的限制情 ...

证券代码：601518 证券简称：吉林高速 公告编号：临 2023-022 吉林高速公路股份有限公司 关于召开 2023 年第二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 召开的日期时间：2023 年 9 月 7 日 14 点 00 分 召开地点：吉林省长春市经开区浦东路 4488 号公司四楼会议室 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。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 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 无 二、 会议审议事项 股东大会召开日期：2023年9月7日 本次股 ...

公司聘任总经理的提名和表决程序符合有关法律法规及《公司章 程》的规定，合法有效。经审阅，鲁明威先生具备担任总经理职务的 专业素质和工作能力，符合任职资格，不存在《公司法》规定的限制 情形及被中国证监会确定为市场禁入者，也未曾受到中国证监会和上 海证券交易所的任何处罚和惩戒，符合《公司法》和《公司章程》等 有关规定。我们同意《关于更换公司总经理的议案》。 独立董事： 战国义 房绍坤 林建忠 2023 年 8 月 21 日 吉林高速公路股份有限公司独立董事关于对 第四届董事会第二次会议相关事项的独立意见 根据《上海证券交易所股票上市规则》《公司章程》《独立董事制 度》等相关规章制度的有关规定，作为公司的独立董事，现就公司第 四届董事会第二次会议审议的相关事项发表独立意见如下： 一、关于修订《吉林高速公路股份有限公司企业负责人薪酬管理 办法》的议案 修订《吉林高速公路股份有限公司企业负责人薪酬管理办法》是 结合公司实际情况制定，符合国家有关法律、法规及《公司章程》等 规定，有利于促进公司持续健康发展。我们同意此项议案。 二、关于更换公司总经理的议案 ...

（问题征集专题页面二维码，扫码自动匹配移动端） 证券代码：601518 证券简称：吉林高速 公告编号：临 2023-015 吉林高速公路股份有限公司 关于参加网上集体业绩说明会的公告 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个别及连带责任。 为进一步加强与投资者的互动交流，吉林高速公路股份有限公司（以下简称 公司）将参加由吉林证监局、吉林省证券业协会、深圳市全景网络有限公司共同 举办的"2023 年吉林辖区上市公司网上集体业绩说明会"，现将有关事项公告如 下： 本次集体业绩说明会将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆"全景网投资者关系互动平台（http://ir.p5w.net）"参与 公司业绩说明会，时间为 2023 年 5 月 22 日（星期一）14:00 至 16:00。 届时公司董事长、总经理蒋涛先生及董事会秘书、财务总监隋庆先生将通过 网络在线问答互动的形式，与投资者就 2022 年经营业绩等投资者关注的问题进 行交流。期间，公司高管将全程在线，实时回答投资者的提问。 投资者可于2023 年 ...

[Important Disclosures](index=1&type=section&id=Important%20Disclosures) The company's board, supervisory board, and senior management affirm the truthfulness, accuracy, and completeness of this quarterly report - The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and bear corresponding legal responsibilities[2](index=2&type=chunk) - The company's head, chief accountant, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3](index=3&type=chunk) - These quarterly financial statements are unaudited[4](index=4&type=chunk) [Key Financial Data](index=1&type=section&id=Key%20Financial%20Data) The company achieved strong growth in Q1 2023, with significant increases in revenue, net profit, and operating cash flow, while maintaining a stable asset and equity base [Key Accounting Data and Financial Indicators](index=1&type=section&id=(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Q1 2023 saw robust performance with significant growth in operating revenue, net profit, and operating cash flow, reflecting strong business recovery Core Financial Indicators for Q1 2023 | Indicator | Current Period | Year-on-year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 281,828,452.45 Yuan | 25.26% | | Net Profit Attributable to Shareholders of the Listed Company | 121,454,531.95 Yuan | 43.06% | | Net Cash Flow from Operating Activities | 169,046,414.04 Yuan | 608.33% | | Basic Earnings Per Share (Yuan/share) | 0.09 Yuan | 50.00% | | Weighted Average Return on Net Assets | 2.68% | Increased 0.64 percentage points | Key Balance Sheet Indicators at Period End | Indicator | End of Current Period | Change from End of Previous Year (%) | | :--- | :--- | :--- | | Total Assets | 6,129,482,959.85 Yuan | 1.62% | | Equity Attributable to Shareholders of the Listed Company | 4,592,616,712.80 Yuan | 2.72% | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=(II)%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Non-recurring gains and losses totaled **15,839.82 Yuan** in the reporting period, with minimal impact on net profit, primarily from government grants offset by minor non-operating expenses Details of Non-recurring Gains and Losses | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Government Grants Included in Current Profit and Loss | 35,482.69 | | Other Non-operating Income and Expenses | -14,075.82 | | Less: Income Tax Impact | 6,285.41 | | Less: Impact on Minority Interests (After Tax) | -718.36 | | **Total** | **15,839.82** | [Analysis of Changes in Key Financial Indicators](index=2&type=section&id=(III)%20Analysis%20of%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Key financial indicators grew significantly due to improved operating environment, increased traffic flow, and internal financial optimization, driving profit growth and improved operating cash flow - Operating revenue increased by **25.26%**, primarily due to lower toll revenue in the same period last year caused by reduced traffic flow influenced by Jilin Province's macroeconomic environment[7](index=7&type=chunk) - Net profit attributable to the parent company increased by **43.06%** due to three main factors: 1) increased toll revenue in the current period; 2) deferred expenses in the same period last year; and 3) reduced financial expenses in the current period resulting from early repayment of syndicated loans in September last year[7](index=7&type=chunk) - Net cash flow from operating activities increased by **608.33%** primarily due to two reasons: 1) increased toll fee settlement received in the current period compared to the same period last year; and 2) payment of previously deferred taxes in the same period last year according to policy[7](index=7&type=chunk) [Shareholder Information](index=3&type=section&id=Shareholder%20Information) The company's shareholder structure remains stable with **43,964** common shareholders, and the top two state-owned corporate shareholders collectively holding over **68%** of shares, ensuring a solid controlling position [Shareholding Status of Shareholders](index=3&type=section&id=(I)%20Total%20Number%20of%20Common%20Shareholders%2C%20Number%20of%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Shareholding%20of%20Top%20Ten%20Shareholders) As of the reporting period end, the company had **43,964** common shareholders, with the top two state-owned corporate shareholders collectively holding over **68%** of shares, maintaining a stable and solid controlling position - The total number of common shareholders at the end of the reporting period was **43,964**[9](index=9&type=chunk) Shareholding of Top Two Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage (%) | | :--- | :--- | :--- | | Jilin Provincial Expressway Group Co., Ltd. | State-owned Legal Entity | 54.35% | | China Merchants Highway Network Technology Holdings Co., Ltd. | State-owned Legal Entity | 14.04% | [Other Reminders](index=4&type=section&id=Other%20Reminders) The company completed the absorption merger of two subsidiaries during the reporting period, streamlining internal resource allocation and management structure [Subsidiary Merger and Integration](index=4&type=section&id=Other%20Important%20Information%20Regarding%20the%20Company's%20Operating%20Performance%20During%20the%20Reporting%20Period%20Requiring%20Investor%20Attention) The company completed the absorption merger of its controlling subsidiary Jigaokianfang by its wholly-owned subsidiary Kowei Transportation, finalizing all related industrial and commercial changes and deregistration to optimize internal resource allocation - The company's controlling subsidiary, Jigaokianfang, underwent a merger and integration with its wholly-owned subsidiary, Kowei Transportation, with Kowei Transportation absorbing Jigaokianfang[11](index=11&type=chunk) - As of now, Jigaokianfang has completed deregistration, and the industrial and commercial changes for Kowei Transportation after the merger have been finalized[11](index=11&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=Quarterly%20Financial%20Statements) The quarterly financial statements provide a detailed overview of the company's financial position, operating performance, and cash flows for the period [Consolidated Balance Sheet](index=4&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2023, total assets reached **6.13 billion Yuan** (+**1.62%**), total liabilities were **1.19 billion Yuan** (-**2.48%**), and equity attributable to owners of the parent company rose **2.72%** to **4.59 billion Yuan**, reflecting a robust financial structure Key Balance Sheet Items (As of March 31, 2023) | Item | Period-end Balance (Yuan) | Change from Beginning of Year | | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,099,150,081.53 | +166,161,798.86 | | Total Assets | 6,129,482,959.85 | +97,955,461.04 | | Total Liabilities | 1,189,928,587.12 | -30,298,503.94 | | Equity Attributable to Owners of the Parent Company | 4,592,616,712.80 | +121,454,531.95 | [Consolidated Income Statement](index=7&type=section&id=Consolidated%20Income%20Statement) In Q1 2023, total operating revenue was **281.83 million Yuan** (+**25.26%**), with operating profit growing **43.88%** and net profit attributable to the parent company surging **43.06%** to **121.45 million Yuan**, driven by revenue growth and reduced financial expenses, demonstrating enhanced profitability Key Income Statement Items (Q1 2023) | Item | Amount for Current Period (Yuan) | Amount for Same Period Last Year (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 281,828,452.45 | 224,988,108.35 | | Total Operating Costs | 117,269,477.73 | 110,624,437.49 | | Financial Expenses | -1,076,276.41 | 13,375,947.31 | | Total Profit | 164,638,077.71 | 114,396,166.87 | | Net Profit Attributable to Owners of the Parent Company | 121,454,531.95 | 84,899,801.00 | [Consolidated Cash Flow Statement](index=9&type=section&id=Consolidated%20Cash%20Flow%20Statement) The company demonstrated strong cash generation in Q1 2023, with net cash flow from operating activities reaching **169.05 million Yuan**, a substantial increase from **23.87 million Yuan** in the prior year, primarily due to higher cash received from sales, resulting in a robust period-end cash and cash equivalents balance of **1.10 billion Yuan** Key Cash Flow Statement Items (Q1 2023) | Item | Amount for Current Period (Yuan) | Amount for Same Period Last Year (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 169,046,414.04 | 23,865,525.19 | | Net Cash Flow from Investing Activities | -2,180,509.77 | -23,421,179.00 | | Net Cash Flow from Financing Activities | -4,522.08 | -16,943,380.56 | | Net Increase in Cash and Cash Equivalents | 166,861,382.19 | -16,499,034.37 |

Financial Performance - The company's operating revenue for 2022 was CNY 1,459,140,786.21, representing a 14.71% increase compared to CNY 1,272,016,930.56 in 2021[23] - The net profit attributable to shareholders for 2022 was CNY 393,637,825.25, which is a 23.62% increase from CNY 318,435,546.63 in 2021[23] - The net profit after deducting non-recurring gains and losses was CNY 393,192,987.49, up 25.07% from CNY 314,366,830.49 in the previous year[23] - Basic and diluted earnings per share for 2022 were CNY 0.29, an increase of 20.83% from CNY 0.24 in 2021[24] - The company achieved a total revenue of 1.459 billion RMB in 2022, representing a year-on-year increase of 14.71%[30] - Net profit attributable to shareholders reached 394 million RMB, up 23.62% compared to the previous year[30] - The weighted average return on equity rose to 9.18%, an increase of 1.05 percentage points from the previous year[30] - The toll revenue increased to CNY 110,559,000, a growth of 2.24% from CNY 108,133,000, primarily due to traffic flow increase and government policies[45] Cash Flow and Assets - The net cash flow from operating activities decreased by 18.02% to CNY 643,618,310.12 from CNY 785,068,322.30 in 2021[23] - The total assets at the end of 2022 were CNY 6,031,527,498.81, a decrease of 9.24% from CNY 6,645,888,737.79 at the end of 2021[23] - The net assets attributable to shareholders increased by 8.79% to CNY 4,471,162,180.85 from CNY 4,109,933,833.88 in 2021[23] - Total assets decreased from CNY 6,645,888,737.79 in 2021 to CNY 6,031,527,498.81 in 2022, a decline of approximately 9.2%[195] - Current assets decreased from CNY 1,511,059,177.23 in 2021 to CNY 1,196,669,951.28 in 2022, representing a reduction of about 20.8%[194] - Cash and cash equivalents decreased from CNY 1,155,027,083.66 in 2021 to CNY 932,988,282.67 in 2022, a decrease of approximately 19.3%[194] - Accounts receivable increased from CNY 106,506,929.65 in 2021 to CNY 174,087,550.84 in 2022, an increase of about 63.5%[194] - Inventory decreased significantly from CNY 222,006,405.77 in 2021 to CNY 64,799,149.86 in 2022, a decline of approximately 70.8%[194] Operational Efficiency - The company saved a total of CNY 49.87 million in interest expenses through effective capital operations, including early repayment of loans totaling CNY 750 million[32] - The company implemented cost-saving measures, resulting in a 19.85% reduction in management expenses to CNY 69,611,080.88 from CNY 86,850,831.53[44] - Financial expenses decreased significantly by 53.99% to CNY 30,599,659.83 from CNY 66,503,331.59 due to early repayment of loans[44] - The gross profit margin for highway toll business increased by 3.47 percentage points, while the electromechanical engineering business saw a decrease of 0.77 percentage points[48] - The total R&D expenditure accounted for 0.55% of the operating revenue, indicating a focus on innovation despite overall revenue growth[53] Strategic Initiatives - The company plans to enhance management and service through technology, aiming to leverage digitalization and smart infrastructure to counter economic pressures[71] - The company is adjusting its development strategy to align with the overall growth of the highway industry in Jilin Province, focusing on high-quality development goals by 2025[68] - The company is committed to diversifying its operations to mitigate risks associated with reliance on a single industry, aiming for a multi-faceted development strategy[73] - The company is focused on highway development, management, and maintenance, with a diverse range of business activities including logistics and infrastructure services[161] Governance and Compliance - The company held 4 shareholder meetings during the reporting period, ensuring compliance with legal regulations and protecting the rights of minority shareholders[76] - The board of directors convened 9 meetings, with the audit committee meeting 5 times, ensuring effective governance and oversight[77] - The supervisory board held 5 meetings, fulfilling its supervisory responsibilities and safeguarding the interests of all shareholders[78] - The company emphasizes effective communication with investors, enhancing their understanding of the company through performance briefings[78] - The company has not faced any penalties from securities regulatory agencies in the past three years[94] Shareholder Information - The total number of ordinary shareholders increased from 44,520 to 46,532 by the end of the reporting period[157] - The largest shareholder, Jilin Provincial Highway Group Co., Ltd., holds 733,998,728 shares, accounting for 54.35% of the total shares[159] - The second-largest shareholder, China Merchants Highway Network Technology Holdings Co., Ltd., holds 189,662,887 shares, representing 14.04%[159] - The total number of shares held by the top ten shareholders includes significant stakes from various institutional investors, with the largest being state-owned entities[160] Legal Matters - The company has not faced any major litigation or arbitration matters during the reporting period[130] - The subsidiary Jilin Donggao Technology Oil Co., Ltd. has filed a lawsuit against Dalian Bonded Zone Landa International Trade Co., Ltd. for not receiving a VAT invoice, claiming an amount of CNY 38.561 million[133] - The court ruled that if the defendant fails to provide the VAT invoice, they must pay the corresponding tax amount to the plaintiff[133] - The subsidiary is currently undergoing bankruptcy liquidation procedures, and the related progress is detailed in the report[134] Environmental and Social Responsibility - The company invested CNY 5.489 million in environmental protection during the reporting period[120] - The company continues to enhance its greening efforts, including tree replanting and flower planting, to improve the environment for public transportation[121] - The company published its 2022 Social Responsibility Report on April 15, 2023, in compliance with national laws and regulations[122]