公司前次主体信用评级结果为 AA+，本次上调为 AAA，评级上 调展现出公司综合实力的提升，有利于公司降低融资成本，拓宽融资 渠道，对公司长期健康可持续发展具有积极意义。 特此公告 股票代码：000828 股票简称：东莞控股 公告编号：2025-022 东莞发展控股股份有限公司 关于公司主体信用评级上调为 AAA 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。 东莞发展控股股份有限公司（以下简称"公司""本公司"）近期收 到联合资信评估股份有限公司对本公司的主体信用评级结果。联合资 信评估股份有限公司对本公司的信用状况进行了综合分析和评估，经 信用评级委员会审定，确定公司主体长期信用等级为 AAA，评级展 望为稳定。 东莞发展控股股份有限公司董事会 2025 年 4 月 28 日 1 / 1 ...

股票代码：000828 股票简称：东莞控股 公告编号：2025-023 东莞发展控股股份有限公司 关于召开 2024 年度及 2025 年第一季度 网上业绩说明会的公告 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。 东莞发展控股股份有限公司（以下简称"公司""本公司"）已 于 2025 年 4 月 8 日及 2025 年 4 月 28 日在巨潮资讯网分别披露了《东 莞控股 2024 年年度报告》《东莞控股 2025 年第一季度报告》。 为便于广大投资者进一步了解公司2024 年度及2025年第一季度 经营情况，公司定于 2025 年 5 月 9 日举行 2024 年度及 2025 年第一 季度网上业绩说明会。本次网上业绩说明会将采用网络远程的方式举 行，投资者可登录"约调研"小程序参与互动交流。为广泛听取投资 者的意见和建议，提前向投资者征集问题，提问通道自发出公告之日 起开放。 一、说明会时间和方式 召开时间：2025 年 5 月 9 日下午 15:00-17:00 召开方式：网络互动方式 二、公司出席人员 公司董事长王崇恩先生；公司董事、副总裁、董事会秘 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥365,624,276.17, a decrease of 10.95% compared to ¥410,576,498.83 in the same period last year[5]. - Net profit attributable to shareholders decreased by 45.58% to ¥219,083,118.27 from ¥402,591,873.66 year-on-year[5]. - Basic and diluted earnings per share fell by 44.10% to ¥0.2108 from ¥0.3771 in the same period last year[5]. - The net profit for the current period is CNY 213,030,552.18, a decrease of 46.5% compared to CNY 397,697,666.31 in the previous period[19]. - The total comprehensive income for the current period is CNY 200,782,528.55, down from CNY 404,510,804.09 in the previous period, reflecting a decline of 50.5%[20]. - Basic and diluted earnings per share for the current period are both CNY 0.2108, compared to CNY 0.3771 in the previous period, representing a decrease of 44.0%[20]. Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥387,884,407.88, compared to a negative cash flow of ¥743,149,397.05 in the previous year, marking a 152.19% increase[5]. - Cash flow from operating activities for the current period is CNY 387,884,407.88, a significant improvement from a negative cash flow of CNY -743,149,397.05 in the previous period[21]. - Cash flow from investing activities shows a net outflow of CNY -410,174,121.23, compared to a net outflow of CNY -370,293,625.26 in the previous period[21]. - Cash flow from financing activities results in a net outflow of CNY -166,782,283.53, contrasting with a net inflow of CNY 18,933,154.94 in the previous period[21]. Assets and Liabilities - Total assets at the end of the reporting period increased by 0.84% to ¥17,516,029,881.76 from ¥17,369,370,373.16 at the end of the previous year[5]. - Total liabilities decreased to RMB 7,355,472,230.26 from RMB 7,409,105,250.22, indicating a reduction of 0.7%[17]. - Non-current assets totaled RMB 11,480,338,362.44, an increase from RMB 10,829,378,279.75 at the beginning of the period[16]. - The company reported a decrease in short-term borrowings to RMB 1,601,142,628.22 from RMB 1,667,149,438.24, a decline of 4.0%[16]. - The company’s long-term borrowings increased slightly to RMB 4,495,724,721.27 from RMB 4,459,488,389.45, an increase of 0.8%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,348[12]. - The largest shareholder, Dongguan Transportation Investment Group, holds 41.81% of the shares, totaling 434,671,714 shares[13]. - Shareholders' equity attributable to the parent company rose by 2.10% to ¥10,043,431,371.24 from ¥9,836,596,276.60 at the end of the previous year[5]. - Total equity attributable to shareholders increased to RMB 10,043,431,371.24 from RMB 9,836,596,276.60, reflecting a growth of 2.1%[17]. Expenses - The company reported a 51.46% decrease in income tax expenses, amounting to ¥58,492,877.36 compared to ¥120,508,434.42 in the previous year[11]. - The management expenses for the current period are CNY 23,542,974.38, down from CNY 26,343,645.83 in the previous period, indicating a reduction of 10.6%[19]. - The financial expenses, including interest expenses, decreased to CNY 3,445,293.36 from CNY 15,479,426.88, showing a reduction of 77.7%[19]. Investment Income - Investment income dropped significantly by 84.90% to ¥46,002,278.44 from ¥304,749,668.43 year-on-year, primarily due to the exit from the Dongguan Rail Transit Line 1 project[11]. - The investment income for the current period is CNY 46,002,278.44, a significant decrease from CNY 304,749,668.43 in the previous period, reflecting a decline of 84.9%[19]. Revenue and Costs - Total operating revenue for the current period was RMB 365,624,276.17, a decrease of 10.9% compared to RMB 410,576,498.83 in the previous period[18]. - Total operating costs for the current period were RMB 142,204,139.25, down 20.2% from RMB 178,136,690.09 in the previous period[18]. - The total revenue from sales of goods and services received in cash is CNY 340,603,996.90, slightly up from CNY 338,438,542.30 in the previous period[20]. - Accounts receivable decreased to RMB 33,481,309.02 from RMB 42,508,042.13, reflecting a decline of 21.3%[15]. - The company’s inventory decreased to RMB 1,061.95 from RMB 2,510.14, indicating a significant reduction[16].

股票代码：000828 股票简称：东莞控股 上市地点：深圳证券交易所 广发证券股份有限公司 关于 东莞发展控股股份有限公司 对控股子公司减资暨重大资产重组 （六）本独立财务顾问提请广大投资者认真阅读上市公司董事会发布的《东 莞发展控股股份有限公司对控股子公司减资暨重大资产重组报告书（草案）（修 订稿）》和与本次交易有关的审计报告、评估报告、法律意见书等文件全文。 之 2024 年度持续督导报告书 独立财务顾问 二〇二五年四月 声明 广发证券股份有限公司（以下简称"广发证券"或"本独立财务顾问"）接 受东莞发展控股股份有限公司（以下简称"东莞控股"或"公司"或"上市公司"） 的委托，担任东莞控股对控股子公司减资暨重大资产重组的独立财务顾问。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司重大 资产重组管理办法》《深圳证券交易所股票上市规则》等相关法律法规的规定， 按照证券业公认的业务标准、道德规范，本着诚实信用、勤勉尽责的态度，遵循 客观、公正原则，在审慎核查的基础上，本独立财务顾问出具了东莞控股对控股 子公司减资暨重大资产重组之 2024 年度持续督导报告书（以下简称"本报告书"）。 本独立财 ...

路产改扩建回报率高于行业，绝对额分红彰显股东回报。莞深高速改扩建工程预计于2028 年12 月建成 通车，据东莞控股公告，莞深高速改扩建项目前期批复额为175.8 亿元，资本金比例25%，基于LPR （长期贷款利率为4.3%）情况下测算IRR 为5.7%，而近年来利率水平持续下降，从东莞交投集团近期 债务发行情况来看，基本利率水平均在2%左右，若按现行利率水平测算，预计IRR 仍有提升空间。东 莞控股承诺2025-2027 年每年累计现金分红不少于0.475 元/股，同时当前公司资产负债率较低，现金流 良好，公司回报股东的意愿较强，远期看分红有维持稳定的能力。 东莞控股为东莞市属国有控股上市公司，近几年聚焦高速主业经营、持续剥离非主业。未来公司主业经 营稳定，核心路产莞深高速区位优势明显，改扩建回报高于行业平均水平。公司发布25-27 年股东回报 计划，承诺绝对值分红、股息率吸引力较高。 秉承"一体两翼"业务布局，持续聚焦主业经营。东莞控股经营管理莞深高速公路（含龙林高速公路支 线）资产55.7 公里，收费经营期均为25 年，该资产作为粤港澳大湾区交通动脉的重要组成部分，区位 优势明显。2022 年及以后，公 ...

证券研究报告 | 公司深度报告 2025 年 04 月 17 日 东莞控股（000828.SZ） 聚焦高速主业，承诺绝对分红提升股东回报 周期/交通运输 东莞控股为东莞市属国有控股上市公司，近几年聚焦高速主业经营、持续剥离 非主业。未来公司主业经营稳定，核心路产莞深高速区位优势明显，改扩建回 报高于行业平均水平。公司发布 25-27 年股东回报计划，承诺绝对值分红、股 息率吸引力较高。 ❑ 风险提示：宏观经济下行导致车流量下降、收费政策变化、改扩建效果不及 预期。 财务数据与估值 | 会计年度 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 4688 | 1692 | 1560 | 1548 | 1548 | | 同比增长 | 14% | -64% | -8% | -1% | 0% | | 营业利润(百万元) | 773 | 1189 | 1180 | 1174 | 1271 | | 同比增长 | -25% | 54% | -1% | -1% | 8% | | 归母净利润( ...

然后后续的话我会针对目前实际上比较关心我们公司几个问题统一向这个管理层提问那首先的话请这个林总能不能稍微详细的介绍一下我们公司的基本情况包括我们的主营业务还有我们这几年其实剥离了一些资产然后以及的话我们其实前天晚上是公告了我们的未来三年收工计划能不能把这些情况都跟大家详细的讲讲谢谢 王总谢谢各位投资人大家下午好我现在跟大家报告一下东莞控股的大致的经营情况以及2024年的年报的情况那么大家可能有些投资人可能看过我们的年报就是东莞控股它的主要的业务包括高速公路的经营管理新能源汽车的充放电的服务 融资出令和商业保理那么基本上就是这么三大块业务那么之前呢我们在在在之前的几年呢其实我们有做过一些投资包括我们投资并成为东莞的这个这个叫地铁一号线的那个最大的股东是把它那个并表但是这个呢 在去年 在今年的年初我们就把它卖给了政府收 去年对 把它卖给了政府收了 回收了我们的成本以及一些资金的补偿大概40个亿左右吧那么去年我们还做了还组织了一些投资主要是两个金融公司的股权一个是登网信托 22%的股权是卖给我们的控股股东另外是一个东莞的一个长安深圳银行的股权那么在高速公路方面我们现在是经营着这个莞生高速的127 37东城段以及龙宁 ...

近日，东莞控股公开2024年度报告，报告显示，2024年，公司实现营业收入16.92亿元，同比下降 63.91%，公司总资产173.69 亿元，同比下降40.86%。虽然营收、总资产大幅下跌，但去年东莞控股实 现归母净利润9.55亿元，同比增43.26%。东莞控股表示，净利润增长是由于公司退出一号线建设公司获 得投资收益且上年出售东莞信托股权计提减值。 年报显示，东莞控股多项主营业务表现不佳，其中，莞深高速通行费收入同比减少，金融投资业务方 面，控股子公司宏通保理净利润-2,788.47万元。 值得一提的是，东莞控股新能源汽车充换电业务总体亏损，负责该业务的两家下属公司康亿创公司、东 能公司，净利润均为负值。此外，去年，东莞在新能源业务方面的研发费用同比减少52.63%。 营收、总资产大幅下跌 多项主营业务业绩下滑 2024年，东莞控股实现营业收入16.92亿元，同比下降 63.91%，2024年末，公司总资产173.69 亿元，同 比下降 40.86%。针对营业收入和总资产大幅下降的原因，东莞控股解释称，这是由于公司退出一号线 建设公司所致。若上年同期扣除确认的轨道 PPP 建设服务收入，2024 年收入同 ...

南方财经全媒体记者程浩 东莞报道 4月8日，东莞发展控股股份有限公司（以下简称"东莞控股"）披露2024年年报，交出了一份"冰火两重 天"的成绩单。报告显示，公司2024年实现营业收入16.92亿元，同比下降 63.91%；归母净利润为9.55亿 元，同比增长43.26%；扣非归母净利润为8.27亿元，同比增长34.63%。 年报显示，目前东莞控股的高速公路主业萎缩，新兴业务贡献有限。莞深高速2024年通行费收入13.23 亿元（占总营业收入的78.19%），同比下滑3.06%，新能源业务缺乏规模效应，金融业务与主业协同性 弱，多元化业务呈现青黄不接。去年东莞控股通过处置东莞信托等资产获得4.43亿元投资收益，占利润 总额37%，掩盖了主营业务的疲软。 投资收益托底掩盖主营业务疲软 年报显示，报告期东莞控股从事的业务包括高速公路经营管理、新能源汽车充换电、融通租赁及商业保 理业务。 报告期内，考虑到轨道业务的投资压力及风险，东莞控股退出轨道交通业务，不再持有一号线建设公司 股权。2024年末，公司总资产173.69亿元，同比下降40.86%；2024年公司实现营业收入16.92亿元，同 比下降63.91%，东 ...

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].