独立黄真提名人声明与承诺 提名人中国铁路投资集团有限公司,现提名曾辉祥为京沪高 __ 速铁路股份有限公司董事会独立董事候选人,并已充分了解被提 名人职业、学历、职称、详细的工作经历、全部兼职、有无重大 失信等不良记录等情况。被提名人已同意出任京沪高速铁路股份 有限公司董事会独立董事候选人(参见该独立董事候选人声明)。 提名人认为,被提名人具备独立董事任职资格,与京沪高速铁路 股份有限公司之间不存在任何影响其独立性的关系,具体声明并 承诺如下: 一、被提名人具备上市公司运作的基本知识,熟悉相关法律、 行政法规、规章及其他规范性文件,具有 5年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已于 2023年 11月参加完成上海证券交易所浦江大 讲堂独立董事履职学习平台的课程学习,于 2023年12月14日 至 12 月 27 日参加上海证券交易所 2023 年第 6 期上市公司独立 董事后续培训（培训证书编号:D23060061） 二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务 ...

公司第四届监事会任期已经届满，根据《公司法》和《公 司章程》有关规定，公司监事会进行换届选举。 推荐王海霞女士、林强先生、刘玉宝先生、王伟强先生 为公司第五届监事会监事候选人（简历附后）。 证券代码：601816 证券简称：京沪高铁 公告编号：2024-043 京沪高速铁路股份有限公司 第四届监事会第二十二次会议决议公告 本公司监事会及全体监事保证公告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。 京沪高速铁路股份有限公司（以下简称公司）第四届监 事会第二十二次会议于 2024 年 11 月 28 日以书面方式发出 通知，于 2024 年 12 月 9 日以通讯形式召开。本次会议应参 加表决监事 5 人，实际参加表决监事 5 人。会议召开符合《公 司法》等法律法规和《公司章程》的规定，合法有效。 会议审议通过了以下议案。 一、审议通过了《关于选举公司第五届监事会监事的议 案》 本议案尚需提交公司股东大会审议。 附件 截至本公告日，上述监事候选人未持有公司股份，亦未 受过中国证监会及其他有关部门的处罚和证券交易所惩戒， 任期将自公司股东大会审议通过之日起至公司第 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2024-041 京沪高速铁路股份有限公司 关于选举职工董事、职工监事的公告 本公司董事会及全体董事保证公告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。 根据《公司章程》有关规定，鉴于公司第四届董事会任 期已经届满，京沪高速铁路股份有限公司（以下简称公司） 于近日召开职工大会，选举严佐魁先生为公司第五届董事会 职工董事，选举郑勇先生、裘韬先生、杨靖先生为公司第五 届监事会职工监事，任期与第五届董事会、监事会一致。简 历附后。 特此公告。 京沪高速铁路股份有限公司董事会 2024 年 12 月 6 日 附件： 严佐魁先生，大学本科学历，理学学士学位，工商管理 硕士，正高级政工师。历任中国铁道建筑总公司团工委助理 政工师、工程承包部项目部助理政工师、办公室助理政工师、 政工师，海外公司办公室副主任、团委书记（2001 年 3 月至 2004年12月，在对外经济贸易大学工商管理专业在职学习， 取得工商管理硕士学位），中国土木工程集团公司党委工作 部副部长（2007 年 10 月至 2008 年 1 月，中央党校 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2024-040 京沪高速铁路股份有限公司 关于以集中竞价方式回购股份的进展公告 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： 截至 2024 年 11 月 30 日，京沪高速铁路股份有限公司 （以下简称公司）通过集中竞价方式 已累计回 购股份 8,255,200 股，占公司总股本比例约为 0.0168%，回购成交的 最高价为 5.72 元/股，最低价为 5.20 元/股，支付的资金总额为 44,087,935.39 元（不含交易费用）。 一、回购股份的基本情况 公司分别于 2024 年 4 月 29 日和 2024 年 5 月 30 日召开了 第四届董事会第二十三次会议和 2023 年年度股东大会，审议 通过了《关于回购公司股份的议案》，同意公司使用自有资金 10 亿元，以集中竞价交易方式回购公司股份，回购的股份将 全部注销并减少注册资本。回购价格不超过人民币 5.87 元/股 （含），具体回购股份的数量以回购期限届满时实际回购的股 份数量为准。回购期 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2024-039 京沪高速铁路股份有限公司 第四届董事会第二十六次会议决议公告 本公司董事会及全体董事保证公告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。 京沪高速铁路股份有限公司（以下简称公司）第四届董 事会第二十六次会议于 2024 年 11 月 20 日以书面方式发出 通知，经全体董事一致同意，于 2024 年 11 月 27 日以通讯 形式召开。本次会议应参加表决董事 9 人，实际参加表决董 事 9 人，会议召开符合《公司法》等法律法规和《公司章程》 的规定，合法有效。 会议审议通过了以下议案。 一、审议通过了《关于聘任公司副总经理的议案》 根据《公司法》等法律法规和《公司章程》的规定，经 公司总经理提名、董事会提名委员会审核通过，同意聘任严 佐魁先生担任公司副总经理（简历附后），任期自本次董事会 审议通过之日起至第四届董事会任期届满之日止。截至本公 告日，严佐魁先生未持有公司股份，亦未受过中国证监会及 其他有关部门的处罚和证券交易所惩戒。 表决情况：有权表决票数 9 票，同意 9 票，反对 0 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2024-038 京沪高速铁路股份有限公司 关于召开 2024 年第三季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。 举行 2024 年第三季度业绩说明会，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 年前三季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，在信息披露允许的范围内就投资者 普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2024 年 12 月 5 日（星期四）上 午 09:00-10:00 （二）会议召开地点：上证路演中心 （三）会议召开方式：网络文字互动 重要内容提示： 京沪高速铁路股份有限公司（以下简称公司）已于 2024 年 10 月 31 日发布了公司 2024 年第三季度报告，为便于广 大投资者更全面深入地了解公司 2024 年前三季度经营成果 及财务状况，公司计划于 2024 年 12 月 5 日上午 09:00-10:00 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][7]. Core Views - The company achieved a revenue of 32.355 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 4.77%. The net profit attributable to shareholders reached 10.015 billion yuan, up 12.35% year-on-year [2]. - In Q3 2024, the company reported a revenue of 11.493 billion yuan, a decline of 0.94% year-on-year, and a net profit of 3.658 billion yuan, down 3.17% year-on-year [2]. - The company has committed to a 50% dividend payout ratio and plans to repurchase shares, indicating a strong commitment to shareholder returns [6][7]. Financial Performance Summary - For the first three quarters of 2024, the company incurred operating costs of 16.771 billion yuan, a year-on-year increase of 1.45%, resulting in a gross profit of 15.584 billion yuan, which is an 8.60% increase year-on-year. The gross margin stood at 48.17%, up 1.70 percentage points year-on-year [3]. - The company’s financial projections for 2024-2026 estimate net profits of 12.759 billion yuan, 13.847 billion yuan, and 14.701 billion yuan respectively, with corresponding PE ratios of 21.5X, 19.8X, and 18.6X [7]. - The report highlights a significant improvement in the performance of the company's subsidiary, Jingfu Anhui, which turned a profit in Q3 2024 after previous losses [3][5]. Market Dynamics - The implementation of a floating ticket pricing mechanism since December 2020 has positively impacted the company's revenue, with ticket prices for certain routes increasing significantly over the years [4]. - The report anticipates that as the macroeconomic environment improves and the railway network expands, the company's performance is expected to show steady growth, supported by potential increases in ticket prices and capacity [7].

Investment Rating - The investment rating for the company is "Buy" and is maintained [3][5]. Core Views - The report highlights a slowdown in railway passenger growth, with a 0.9% year-on-year decline in operating revenue to 11.493 billion yuan and a 3.2% decrease in net profit to 3.658 billion yuan for Q3 2024 [3][4]. - Passenger demand growth is slowing down, with a 6.8% year-on-year increase in passenger volume, but a 3.3 percentage point decline compared to the previous quarter [3][4]. - The report indicates that long-distance railway passenger demand may be affected by competition from airlines, particularly on the Beijing-Shanghai route, where average ticket prices fell by 40% year-on-year while passenger volume increased by 22.1% [3][4]. Summary by Sections Financial Performance - In Q3 2024, the company achieved operating revenue of 11.493 billion yuan, a decrease of 0.9% year-on-year, while operating costs rose by 0.7% to 5.794 billion yuan [4][5]. - The net profit attributable to shareholders was 3.658 billion yuan, down 3.2% year-on-year, with minority interests contributing 0.15 billion yuan [4][5]. - The company’s total profit from the Beijing-Shanghai line was 4.951 billion yuan, a decrease of 3.7% compared to Q3 2023 [4][5]. Growth Prospects - The company is expected to see a gradual increase in net profit, with projections of 12.84 billion yuan, 14.49 billion yuan, and 16.35 billion yuan for 2024, 2025, and 2026 respectively, corresponding to PE ratios of 21.6, 19.2, and 17.0 [5][6]. - The report emphasizes the natural geographical advantages of the Beijing-Shanghai high-speed railway, which connects two major economic regions, and anticipates continued growth in passenger traffic from these areas [5][6]. Cost Management - The company has managed to reduce its period expenses by 16.3% year-on-year to 639 million yuan, while financial expenses have decreased due to improvements in the balance sheet [4][5]. - The report notes that the company’s fixed sales, management, and R&D expenses have remained stable, contributing to overall cost control [4][5].

一、回购股份的基本情况 公司分别于 2024 年 4 月 29 日和 2024 年 5 月 30 日召开了 第四届董事会第二十三次会议和 2023 年年度股东大会，审议 通过了《关于回购公司股份的议案》，同意公司使用自有资金 10 亿元，以集中竞价交易方式回购公司股份，回购的股份将 全部注销并减少注册资本。回购价格不超过人民币 5.87 元/股 （含），具体回购股份的数量以回购期限届满时实际回购的股 份数量为准。回购期限为自公司股东大会审议通过回购方案之 日起不超过 12 个月，即自 2024 年 5 月 30 日至 2025 年 5 月 30 日。 证券代码：601816 证券简称：京沪高铁 公告编号：2024-037 京沪高速铁路股份有限公司 关于以集中竞价方式回购股份的进展公告 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： 截至 2024 年 10 月 31 日，京沪高速铁路股份有限公司 （以下简称公司）通过集中竞价方式 已累计回 购股份 7,176,300 股，占公司总股本比例约为 0.0146%， ...

Summary of Conference Call Company and Industry - The conference call primarily discusses the performance of the **Beijing-Shanghai High-Speed Railway** and its operational metrics for the third quarter and the first ten months of the year. Key Points and Arguments Operational Performance - In Q3, the number of trains on the Beijing-Shanghai line decreased by **4.4%** year-on-year, with a similar decline in passenger volume and turnover, both also down by **4.4%** [1] - Passenger turnover decreased by **8%**, and the seat occupancy rate fell by **2.9 percentage points** [1] - Average ticket prices dropped by **3.2%**, and average passenger kilometers decreased by **3.7%** [2] - For cross-line trains, the number of trains increased by **3.3%**, and the distance traveled increased by **4.5%** [2] Year-to-Date Performance - For the first ten months, the number of trains on the main line decreased by **1.5%**, with passenger volume down by **3%** and passenger turnover down by **4.7%** [2] - The seat occupancy rate improved by **0.4%**, while average ticket prices and distances traveled both decreased by **1%** and **1.7%**, respectively [2] Factors Influencing Performance - The third quarter is typically the best for the transportation industry due to summer travel and holiday traffic; however, this year faced challenges due to high temperatures and economic conditions affecting consumer travel willingness [3][4] - The high base from last year, which saw a strong rebound in travel demand post-COVID, contributed to the decline in performance this year [3][4] - New high-speed rail lines opened in the central and western regions of China have shifted passenger traffic away from the Beijing-Shanghai line, impacting its growth [4][5] Specific Passenger Trends - There was a notable decline in student and child ticket sales, with student tickets down by **10%** and child tickets down by **8%** [5][6] - Business travel remained stable, with the primary decline in passenger numbers attributed to leisure and family travel [6] Economic Context - The overall economic environment has led to a shift in travel preferences, with consumers opting for shorter trips rather than long-distance travel [7] - The competitive landscape with airlines has not significantly impacted high-speed rail, as rail remains a more economical option during peak travel times [10][11] Future Outlook - The company anticipates that the performance will improve in the coming years, particularly with the opening of new lines that will enhance connectivity and passenger flow [17][18] - The financial health of the company appears stable, with ongoing efforts to manage debt and operational costs effectively [22][23] Financial Metrics - The company reported a total interest-bearing debt of approximately **51.2 billion** CNY, with a significant portion attributed to the construction of fixed assets [22] - The average funding cost is around **3%**, with efforts to reduce this through refinancing and favorable loan terms [23] Dividend Policy - The company maintains its dividend policy, planning to distribute **50%** of the annual profit to shareholders every three years [26] Additional Important Information - The call highlighted the importance of understanding seasonal and cyclical trends in passenger travel, which can significantly affect operational metrics year-on-year [8][9] - The management emphasized that the decline in ticket prices is primarily due to changes in travel behavior rather than structural changes in pricing strategy [9][10]