Dividend Distribution - The company plans to distribute a cash dividend of 3.25 RMB per 10 shares to all shareholders, based on a total of 1,039,516,992 shares [4]. - The company plans to distribute a cash dividend of 3.25 yuan per 10 shares, totaling 337,843,022.40 yuan, which represents 100% of the distributable profit [131]. - The total distributable profit available to shareholders is 5,814,673,475.84 yuan, with a net profit of 937,498,837.56 yuan for the year 2024 [131]. Business Operations and Strategy - The company has exited the rail transit business as of February 2024, focusing on highway operations, financing leasing, and commercial factoring [14]. - The company is actively pursuing market expansion strategies, particularly in the renewable energy sector, aiming for a 20% increase in market share by 2025 [10]. - The company is exploring potential mergers and acquisitions to enhance its operational capabilities and market presence, targeting a completion by Q3 2025 [10]. - The company is focusing on the transportation infrastructure sector, particularly the highway segment, which is expected to see continued investment growth [24]. - The company is committed to enhancing its operational capabilities in the financing leasing and commercial factoring sectors, which are crucial for supporting small and medium-sized enterprises [26]. - The company is actively pursuing mergers and acquisitions in the new energy sector, particularly in the charging and battery swapping business, to enhance its investment in high-quality assets along the industry chain [91]. - The company aims to solidify its low-risk business foundation by deepening relationships with low-risk customer segments, including state-owned enterprises in Dongguan, and optimizing cooperation with high-quality central state-owned enterprises using products like "Town Street Treasure" as a low-risk business cornerstone [90]. Financial Performance - The company reported a significant increase in user data, with a year-over-year growth of 15% in active users across its platforms [10]. - The company’s total revenue for the fiscal year was reported at 2.5 billion RMB, reflecting a 10% increase compared to the previous year [10]. - In 2024, the company achieved operating revenue of CNY 1.69 billion, a decrease of 63.91% compared to the previous year [16]. - The net profit attributable to shareholders was CNY 955.20 million, an increase of 43.26% year-on-year [16]. - The net cash flow from operating activities reached CNY 1.37 billion, a significant increase of 253.10% compared to the previous year [16]. - The company reported a basic earnings per share of CNY 0.9087, reflecting a year-on-year increase of 53.99% [16]. - The company reported zero revenue from PPP project construction services, down from ¥2.97 billion in 2023, marking a 100% decline [46]. - The financing leasing business generated operating revenue of 71.942 million, with a net profit of 51.976 million [33]. Asset Management - Total assets at the end of 2024 amounted to CNY 17.37 billion, down 40.86% from the previous year, primarily due to the company's exit from the construction of Line 1 [17]. - The company’s total assets decreased due to the exclusion of the construction company from the consolidated scope, impacting various asset categories [68]. - Long-term receivables increased by 9.31% to ¥3,841,421,235.87, while long-term equity investments decreased by 30.83% to ¥2,951,685,170.86 due to the same exclusion [69]. - The company plans to optimize its asset structure and improve resource utilization efficiency through the sale of non-core assets [156]. Risk Management - The company has identified key risks in its operational strategy, including regulatory changes and market competition, and has outlined mitigation strategies [4]. - The company is addressing risks related to highway toll policies and standards, which are determined by government authorities, and is working on the Dongguan-Shenzhen highway expansion project to extend the toll collection period [92]. - The company emphasizes strict risk control mechanisms, including project credit risk management and project classification tracking, to navigate the competitive landscape of financing leasing and commercial factoring [92]. Corporate Governance - The company has established a compliance management system and is continuously optimizing its internal control mechanisms [133]. - The company has a structured remuneration decision-making process based on performance and relevant regulations [114]. - The company has established a sound corporate governance structure, with no issues requiring rectification during the reporting period [139]. - The company maintains independence from its controlling shareholders in personnel, assets, business, organization, and finance, ensuring a complete and independent operational structure [98]. Employee Management - The total number of employees at the end of the reporting period is 971, with 690 in the parent company and 281 in major subsidiaries [125]. - The professional composition includes 676 production personnel, 17 sales personnel, 57 technical personnel, 23 financial personnel, and 198 administrative personnel [125]. - A total of 836 training sessions were conducted, with 230 participants in specialized training programs aimed at enhancing professional skills and overall quality [127]. Social Responsibility - The company actively engaged in social responsibility initiatives, including organizing 10 volunteer service activities benefiting over 1,000 individuals [141]. - The company purchased approximately 440,000 yuan worth of poverty alleviation agricultural products from Guizhou and Guangdong, supporting rural revitalization efforts [142]. Financial Reporting and Audit - The company’s financial report has been audited by a reputable firm, ensuring the accuracy and completeness of the financial statements [15]. - The audit opinion was a standard unqualified opinion, indicating fair presentation of financial statements [188]. - The internal control audit report was disclosed on April 8, 2025, with a standard unqualified opinion issued [138]. Shareholder Information - The total number of shares is 1,039,516,992, with 1,039,515,642 being unrestricted shares, representing 100% of the total [164]. - The largest shareholder, Dongguan Transportation Investment Group, holds 41.81% of the shares, totaling 434,671,714 shares [166]. - The number of shareholders increased from 29,348 to 30,457 during the reporting period [166].

Core Insights - Dongguan Holdings reported a significant decline in revenue for 2024, with total operating income of 1.692 billion yuan, a year-on-year decrease of 63.91%, while net profit increased by 43.26% to 955 million yuan, highlighting challenges in business transformation and market competition [1] Highway Business - The highway business remains the core revenue source, generating toll income of 1.323 billion yuan, accounting for 78.19% of total revenue, but this represents a 3.06% year-on-year decrease due to increased rainfall and the opening of the third phase of the Dongguan-Fan Highway, which diverted traffic [4] - The operational period for the Dongguan-Shenzhen Highway will expire on June 30, 2027, prompting the company to initiate expansion projects with an expected investment of 17.584 billion yuan, of which only 2.673 billion yuan has been completed, posing financial pressure and potential policy risks regarding toll extension [4] New Energy Business - The new energy vehicle charging and swapping business performed poorly, with total revenue of 86 million yuan, representing 5.10% of total revenue, while losses from the subsidiaries amounted to 24.66 million yuan and 3.71 million yuan respectively, primarily due to reduced bus operations, intensified market competition, and revenue recognition issues [5] - Despite launching the "Super Easy Charge" brand and accelerating the development of an integrated charging model, the company still faces fierce competition and weak market share and profitability in the new energy sector [5] Financial Investment Business - The financial investment segment, which includes financing leasing and commercial factoring, reported mixed results, with revenue from leasing at 71.942 million yuan and net profit of 51.976 million yuan, while factoring incurred a loss of 27.8847 million yuan due to impairment provisions [6] - The company’s reliance on investment income is significant, with total investment income from joint ventures and associates rising by 35.21% to 228 million yuan, and Dongguan Securities achieving a net profit of 923 million yuan, up 45.40%, indicating vulnerability to fluctuations in investment performance [6] Overall Challenges - Dongguan Holdings faces multiple challenges in 2024, including a substantial revenue decline, expanding losses in the new energy sector, and increased risks in financial investments, necessitating a search for new opportunities in business transformation, risk management, and market competition to achieve sustainable development [6]

Core Viewpoint - Dongguan Development Holdings Co., Ltd. reported significant changes in its financial data for 2024, with a notable 63.91% decrease in operating revenue, while net cash flow from operating activities increased by 253.10%, indicating substantial shifts in business structure and cash flow management [1] Revenue and Profitability - Operating revenue decreased to ¥1,691,945,551.38, down 63.91% from ¥4,688,423,749.59 in 2023, primarily due to the exit from the first-line construction company and the cessation of recognizing PPP project construction service income [2] - Net profit attributable to shareholders rose to ¥955,199,043.56, a 43.26% increase from ¥666,761,777.08 in 2023, driven by investment income from exiting the first-line construction company and the absence of impairment losses from the previous year [3] - Deducting non-recurring gains and losses, net profit increased by 34.63% to ¥826,577,012.62, indicating improved core business profitability [4] Earnings Per Share - Basic earnings per share increased by 53.99% to ¥0.9087, while the diluted earnings per share also showed significant growth, reflecting the overall improvement in profitability [5] Expense Analysis - Sales expenses remained at zero, indicating a stable strategy in sales channel development [6][7] - Management expenses decreased by 3.24% to ¥110,068,772.58, suggesting cost control measures were implemented [8] - Financial expenses increased by 10.45% to ¥43,732,375.50, primarily due to changes in interest income and expenses related to business scale [10] Research and Development - R&D expenses significantly decreased by 52.63% to ¥4,125,615.76, raising concerns about future innovation and business expansion sustainability [11] Cash Flow Analysis - The net increase in cash and cash equivalents was ¥893,843,656.42, a significant improvement from a net decrease of ¥1,981,979,763.04 in the previous year [12] - Cash flow from operating activities surged by 253.10% to ¥1,372,796,339.89, indicating enhanced cash generation capabilities [12] - Cash flow from investment activities showed a net inflow of ¥2,035,298,901.88, largely due to asset disposals [13] - Cash flow from financing activities resulted in a net outflow of ¥2,514,253,875.84, highlighting increased pressure on debt repayment [14]

股票代码：000828 股票简称：东莞控股 公告编号：2025-016 东莞发展控股股份有限公司 关于会计差错更正及追溯调整的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、本次会计差错更正及追溯调整影响公司 2023 年、2024 年前 三季度的合并利润表、合并现金流量表，将导致公司 2023 年营业收 入、营业成本同时减少 69,275,023.70 元，2024 年前三季度营业收入、 营业成本同时减少 58,030,203.66 元，对公司净利润无影响。 2、本次会计差错更正及追溯调整不影响合并资产负债表、合并 所有者权益相关科目，不影响母公司财务报告数据信息，不会导致公 司已披露的年度报告出现盈亏性质的改变，不会对公司当期及后期财 务状况和生产经营产生重大影响。 东莞发展控股股份有限公司（以下简称"公司""本公司"）于 2025 年 4 月 7 日召开第八届董事会第四十一次会议，审议通过了《关于会 计差错更正及追溯调整的议案》，同意根据《企业会计准则第 28 号 ——会计政策、会计估计变更及差错更正》及中国证监会《公开发行 证 ...

东莞发展控股股份有限公司 二〇二四年度 审计报告 致同会计师事务所（特殊普通合伙） 目 录 我们审计了东莞发展控股股份有限公司（以下简称东莞控股公司）财务 报表，包括 2024 年 12月 31 日的合并及公司资产负债表，2024 年度的合并及公 司利润表、合并及公司现金流量表、合并及公司股东权益变动表以及相关财 务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编 制，公允反映了东莞控股公司 2024 年 12 月 31 日的合并及公司财务状况以及 2024 年度的合并及公司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的 "注册会计师对财务报表审计的责任"部分进一步阐述了我们在这些准则下 的责任。按照中国注册会计师职业道德守则，我们独立于东莞控股公司，并 履行了职业道德方面的其他责任。我们相信，我们获取的审计证据是充分、 适当的，为发表审计意见提供了基础。 | 审计报告 | 1-6 | | --- | --- | | 合并及公司资产负债表 | 1-2 | | 合并及公司利润表 | 3 | | 合并及公司现金流量表 | 4 ...

东莞发展控股股份有限公司2024年度 独立董事述职报告（李希元） 作为东莞发展控股股份有限公司（以下简称"公司"）的独立董 事，本人严格根据《公司法》《证券法》《上市公司独立董事管理办 法》《公司章程》等法律、法规的规定和要求，认真、勤勉履职，按 时积极参加公司股东大会、董事会及专门委员会会议，对公司董事会 审议的相关事项发表公正、客观的独立意见，有效维护公司和股东的 合法权益，充分发挥独立董事在公司治理中的重要作用。 一、独立董事的基本情况 （一）个人履历 作为公司独立董事，本人拥有专业资质及能力，在从事的专业领 域积累了丰富的经验。本人个人工作履历、专业背景以及任职情况如 下： 李希元，工学博士，教授级高级工程师。历任广东省晶通公路工 程建设集团有限公司总经理，广东省高速公路发展股份有限公司总经 理、董事长，广东省路桥建设发展有限公司董事长，广东省国资委专 职外部董事（分别派驻广东省建筑工程集团有限公司、广东省铁路投 资集团有限公司、广东省航运集团有限公司任外部董事）。现任本公 司独立董事，兼任广州港集团有限公司、广州高新技术产业集团有限 公司、中山翠亨集团有限公司外部董事，佛山电器照明股份有限公司 及深 ...

东莞发展控股股份有限公司2024年度 独立董事述职报告（刘恒） 2024 年度，本人在担任东莞发展控股股份有限公司（以下简称 "公司""本公司"）独立董事期间，始终严格遵守《公司法》《上 市公司治理准则》及《上市公司独立董事管理办法》等法律法规，秉 持客观公正立场，全面履行独立董事应尽义务。在履职过程中，通过 定期审阅公司经营报告、跟踪公司动态及公司战略实施，持续关注企 业运营的实际情况。在审议议案时，基于专业判断独立发表意见并行 使表决权。本人始终将维护公司资产安全、保障全体股东特别是中小 投资者的合法权益作为核心履职准则，切实发挥独立董事的作用，助 力上市公司规范运作与可持续发展。 一、独立董事的基本情况 （一）2024 年度出席会议及表决情况 1、出席董事会、股东大会的情况 2024 年度，公司共召开 13 次董事会，4 次股东大会（其中，1 次年度股东大会，3 次临时股东大会）。 在召开各项会议前，本人均收到并详细审阅了公司依法提前准备 的会议材料；会议上，本人认真审议每项议案，积极参与议案讨论， 独立提出审核建议或意见，对相关事项发表独立意见。 （一）个人履历 刘恒，经济学博士、中山大学法学院教授， ...

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