证券简称：粤高速 A 、粤高速 B 证券代码： 000429、 200429 公告编号： 2023-011 广东省高速公路发展股份有限公司 关于召开业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、会议召开情况 根据中国证监会《上市公司投资者关系管理工作指引》等相关规定，为了 便于广大投资者更全面深入地了解广东省高速公路发展股份有限公司（以下简 称"公司"）2022 年度及 2023 年一季度业绩和经营情况，公司将于 2023 年 5 月 31 日（星期三）下午 15:00-17:00 在"全景网"提供的平台召开业绩说明会， 投资者可登录全景网"投资者互动平台"（http://ir.p5w.net）参与本次业绩说明 会。公司《2022 年年度报告》及《2023 年一季度报告》已刊登在《证券时报》、 《中国证券报》、《上海证券报》和巨潮资讯网（www.cninfo.com.cn），敬请 投资者查阅。 二、参会人员 出席本次业绩说明会的人员包括： 1、汪春华先生（董事、总经理）； 2、陆明先生（董事、财务总监）； 3、张华先生（独立董事）； 4 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,154,573,212.16, representing an increase of 8.30% compared to CNY 1,066,130,065.73 in the same period last year[5] - The net profit attributable to shareholders was CNY 409,848,394.33, a decrease of 4.77% from CNY 430,950,001.90 in the previous year[5] - The basic earnings per share decreased by 4.76% to CNY 0.20, down from CNY 0.21 in the same period last year[5] - The weighted average return on equity was 4.42%, a slight decrease of 0.26% compared to 4.68% in the previous year[5] - The company reported a comprehensive income total of CNY 555,537,475.72 for Q1 2023, slightly down from CNY 568,083,203.85 in Q1 2022, indicating a decrease of around 2.2%[18] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.20, down from CNY 0.21 in Q1 2022, reflecting a decline of approximately 4.8%[18] - Operating profit for Q1 2023 was CNY 739,601,642.65, compared to CNY 723,344,486.24 in Q1 2022, which is an increase of about 2.3%[17] Cash Flow and Investments - The net cash flow from operating activities increased by 27.15% to CNY 980,823,464.23, up from CNY 771,364,037.16 year-on-year[5] - The company received government subsidies amounting to CNY 10 million during the reporting period, contributing to an increase in cash flow from operating activities[8] - Operating cash inflow for the current period was CNY 1,297,322,335.74, an increase of 12.2% compared to CNY 1,156,510,647.54 in the previous period[19] - Cash outflow for purchasing goods and services decreased to CNY 61,222,267.53 from CNY 80,841,548.96, a reduction of 24.3%[19] - Cash inflow from financing activities increased to CNY 415,149,134.48, compared to CNY 47,470,400.00 in the previous period[20] - Net cash flow from financing activities was CNY 203,003,959.46, a significant improvement from -CNY 144,391,644.31 in the previous period[20] - The net increase in cash and cash equivalents for the current period was CNY 1,026,003,505.54, compared to CNY 502,256,715.99 in the previous period[20] - The ending balance of cash and cash equivalents was CNY 5,310,691,736.87, up from CNY 3,457,439,906.54 year-over-year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,216,591,605.79, reflecting a growth of 4.68% from CNY 20,267,197,153.88 at the end of the previous year[5] - Total current assets increased to CNY 5,475,574,340.27 from CNY 4,443,234,121.21, representing a growth of approximately 23.3%[13] - Cash and cash equivalents rose to CNY 5,318,381,890.76, up from CNY 4,290,581,490.78, indicating an increase of about 23.9%[13] - Total liabilities increased to CNY 8,200,569,255.00 from CNY 7,099,357,000.00, representing a growth of about 15.5%[14] - Total liabilities increased to CNY 9,406,384,924.44 at the end of Q1 2023, up from CNY 8,900,016,808.85 at the beginning of the year, reflecting a rise of approximately 5.7%[17] - Total equity attributable to shareholders of the parent company rose to CNY 9,479,621,311.52, compared to CNY 9,075,573,967.32 at the beginning of the year, marking an increase of about 4.4%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,973, with the top ten shareholders holding a combined 81.4%[10] - The largest shareholder, Guangdong Provincial Transportation Group Co., Ltd., holds 24.56% of the shares, totaling 513,485,480 shares[10] Future Plans - The company plans to continue expanding its market presence and investing in infrastructure projects to support future growth[9] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[12] Other Financial Metrics - The company reported a significant increase in other non-current financial assets, rising by 78.90% to CNY 80 million due to equity subscription in a subsidiary[8] - The company experienced a 41.02% decrease in investment income, down CNY 40 million due to the absence of previous year's gains from the sale of a subsidiary[8] - Long-term equity investments reached CNY 2,979,737,415.50, compared to CNY 2,923,368,667.84 at the beginning of the year, showing an increase of about 1.9%[14] - The company reported a tax expense of CNY 179,255,029.20 for Q1 2023, up from CNY 147,321,272.38 in Q1 2022, indicating an increase of approximately 21.7%[17] Audit Status - The first quarter report was not audited, indicating a preliminary financial status[21]

Financial Performance - The company's operating revenue for 2022 was approximately ¥4.17 billion, a decrease of 21.17% compared to ¥5.29 billion in 2021[14]. - The net profit attributable to shareholders for 2022 was approximately ¥1.28 billion, down 24.90% from ¥1.70 billion in 2021[14]. - The net cash flow from operating activities was approximately ¥2.75 billion, reflecting a decline of 25.01% compared to ¥3.67 billion in 2021[14]. - Basic earnings per share for 2022 were ¥0.61, a decrease of 24.69% from ¥0.81 in 2021[14]. - The weighted average return on equity for 2022 was 14.30%, down from 20.11% in 2021, indicating a decrease of 5.81%[14]. - The company reported non-operating income and expenses totaling -¥34,529,792.44 for 2022, compared to a positive amount of ¥7,315,342.58 in 2021, indicating a significant deterioration in non-operating performance[18]. - The company achieved a gross profit margin of 62.15% in the highway transportation sector, a decrease of 1.60% from the previous year[27]. - The company reported a net profit for the period of approximately CNY 1.79 billion, with a net cash flow from operating activities of CNY 2.75 billion[40]. - The company reported a net profit increase of CNY 24.89 million from the sale of Guangdong Highway Technology Investment Co., Ltd.[54]. - The company reported a significant turnover in its board and supervisory committee, with multiple members resigning due to term expiration or job changes[66]. Assets and Liabilities - The total assets at the end of 2022 were approximately ¥20.27 billion, an increase of 7.37% from ¥18.88 billion at the end of 2021[14]. - The total liabilities of the company as of December 31, 2022, were CNY 8,898,300,392.25, an increase from CNY 7,554,777,641.18 at the beginning of the year[173]. - The company's total equity increased to CNY 11,368,896,761.63 from CNY 11,320,989,158.13, showing a slight growth in shareholder value[173]. - The company's accounts receivable increased to CNY 4.29 billion, representing 21.17% of total assets, up from 15.66% at the beginning of the year[42]. - The company's long-term borrowings increased to CNY 5.57 billion, representing 27.47% of total liabilities, up from 24.22% at the beginning of the year[42]. - The company's total equity at the end of 2022 was CNY 9,113,285,048.28, compared to CNY 8,849,719,956.95 at the end of 2021, reflecting an increase of about 3%[176]. Cash Flow - Operating cash inflow decreased by 21.11% to ¥4,397,687,883.80 in 2022 compared to ¥5,574,328,005.11 in 2021[38]. - The net cash flow from operating activities decreased by 25.01% to ¥2,752,026,558.38 in 2022 from ¥3,669,744,721.16 in 2021[38]. - The net cash flow from financing activities improved by 86.45% in 2022, primarily due to a reduction in cash outflow for financing activities[39]. - The ending balance of cash and cash equivalents increased to ¥4,284,688,231.33 in 2022 from ¥2,955,183,190.55 in 2021, marking a growth of approximately 45%[184]. - The net increase in cash and cash equivalents surged by 1119.66% to ¥1,329,505,040.78 in 2022, reflecting changes in cash flow from operating, investing, and financing activities[39]. Investments and Projects - The company invested in two new projects in 2022, including Nanjing Smart Logistics Technology Co., Ltd. and Shenzhen Charging Pile Technology Co., Ltd., to support sustainable development[24]. - The company completed the transfer of 100% equity in Guangdong Gaokao Technology Investment Co., Ltd. to optimize its asset structure[31]. - The company plans to actively pursue investment and mergers in high-quality expressway projects within and outside the transportation group[55]. - The company plans to negotiate performance commitments related to the impact of public health events on Guanghui's performance, as per the profit compensation agreement[116]. - The company plans to invest approximately CNY 34.14 billion in the expansion project of the Guangao Expressway from Nansha to Zhuhai, based on an estimated investment of CNY 154.25 billion approved by the Guangdong Provincial Development and Reform Commission[133]. Research and Development - The number of R&D personnel increased to 25 in 2022 from 12 in 2021, representing a growth of 108.33%[37]. - R&D investment amounted to ¥14,591,773.12 in 2022, up 4.41% from ¥13,974,899.53 in 2021, with R&D investment as a percentage of operating revenue rising to 0.35% from 0.26%[37]. - The company is researching new UHPP and NovaChip ultra-thin wearing layer technologies to improve the performance of asphalt wearing layers[35]. - The company has allocated RMB 200 million for research and development in new infrastructure technologies over the next two years[76]. Governance and Management - The company has established a robust governance structure in compliance with relevant laws and regulations, ensuring effective operational management[58]. - The company has maintained a close communication with the supervisory board to fulfill its oversight responsibilities effectively[58]. - The company is committed to enhancing its governance structure through the appointment of qualified independent directors[63]. - The management team is expected to drive future growth and strategic initiatives following the recent changes[65]. - The company has established a management system for external donations and a salary management method for its management team[79]. Market and Competitive Position - The company has a strong competitive position due to its highways being located in economically vibrant regions, which supports stable traffic flow and toll revenue growth[22]. - The company is significantly impacted by the 10% reduction in toll fees for freight vehicles, effective from October 1, 2022, which is expected to affect Q4 2022 toll revenue[20]. - The company aims to achieve a total revenue of CNY 4.683 billion in 2023, with operating costs controlled within CNY 1.811 billion[55]. - Future guidance suggests a projected revenue growth of 12% for 2023, driven by increased traffic and new project completions[76]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥4.28 per 10 shares, based on a total of 2,090,806,126 shares[3]. - The company distributed a cash dividend of 894,865,021.93 CNY, which represents 100% of the total profit distribution[92]. - The total number of shares outstanding is 2,090,806,126, with 21.01% being restricted shares and 78.99% being unrestricted shares[137]. - The largest shareholder, Guangdong Provincial Transportation Group Co., holds 24.56% of the shares, totaling 513,485,480 shares[140]. Compliance and Risk Management - The company has established a compliance management system and a debt management system to enhance governance and risk management[80]. - The company is focusing on risk management and has confirmed a risk assessment report from Guangdong Transportation Group Financial Co., Ltd.[79]. - The company has committed to providing accurate and complete information regarding its transactions, ensuring no misleading statements or omissions[105]. - The company has pledged to maintain its independence post-major asset restructuring, ensuring separation in assets, personnel, finance, and operations, effective since June 26, 2015[106].