证券代码：000828 证券简称：东莞控股 公告编号：2025-061 东莞发展控股股份有限公司 2025 年第四次临时股东大会决议公告 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 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。 特别提示： 1、本次股东大会未出现否决提案的情形。 1、会议召开时间 （1）现场会议召开时间：2025 年 11 月 17 日 15:00。 （2）网络投票时间： 通过深圳证券交易所交易系统投票的具体时间为：2025 年 11 月 17 日上午 9:15—9:25，9:30—11:30，下午 13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 11 月 17 日 9:15—15:00 的任意时间。 2、现场会议召开地点：东莞市南城街道轨道交通大厦 37 楼 1 号 会议室。 3、召开方式：本次股东大会采取现场投票与网络投票相结合的 方式召开。 4、召集人：东莞发展控股股份有限公司（以下简称"公司"）董 事会。 5、主持人：董事长李斌峰先生。 1 / 4 本次股东大会的召 ...

关于东莞发展控股股份有限公司 2025 年第四次临时股东大会的 法律意见书 二〇二五年十一月 1 北京德和衡（广州）律师事务所 关于东莞发展控股股份有限公司 2025 年第四次临时股东大会的法律意见书 北京德和衡（广州）律师事务所 德和衡证见意见（2025）顾第 348【883】号 致：东莞发展控股股份有限公司 北京德和衡（广州）律师事务所（以下简称"本所"）接受东莞发展控股股 份有限公司（以下简称"公司"）的委托，指派本所律师出席并见证了公司召开 2025 年第四次临时股东大会。根据《中华人民共和国公司法》（以下简称《公 司法》）、《中华人民共和国证券法》（以下简称《证券法》）、中国证券监督 管理委员会《上市公司股东大会规则》（以下简称《股东大会规则》）等法律法 规、规范性法律文件及现行有效的《东莞发展控股股份有限公司章程》（以下简 称《公司章程》）的规定，就本次临时股东大会的召集和召开程序、出席和列席 本次临时股东大会的人员资格、本次临时股东大会的表决程序、表决结果的合法 性、有效性进行见证，并出具法律意见书。 本所律师依据本法律意见书出具日之前已经发生或存在的事实及中国现行 法律法规及规范性文件发表法律 ...

证券代码：000828 证券简称：东莞控股 公告编号：2025-062 公司董事、副总裁、董事会秘书林永森先生将参加业绩说明会， 回答投资者问题。 三、投资者参与方式 东莞发展控股股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 | 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 10 月 30 日在巨潮资讯网（http://www.cninfo.com.cn）披露 《公司 2025 年第三季度报告》。 为便于广大投资者进一步了解公司 2025 年第三季度经营情况， 公司定于 2025 年 11 月 21 日（星期五）举行 2025 年第三季度业绩说 明会。本次网上业绩说明会将采用网络互动的方式举行，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 11 月 21 日下午 15:00-16:00 召开方式：网络互动方式 二 ...

Core Insights - The railway and highway sector experienced a decline of 0.59% on November 17, with Chongqing Road and Bridge leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Sector Performance - Notable gainers in the railway and highway sector included: - Fujian Expressway (600033) with a closing price of 3.95, up 3.13% and a trading volume of 1.0689 million shares, totaling 420 million yuan in transaction value [1] - Fulin Yuantong (002357) closed at 11.10, up 1.46% with a trading volume of 270,200 shares, amounting to 307 million yuan [1] - Hunan Investment (000548) closed at 6.01, up 1.01% with a trading volume of 128,600 shares, totaling 76.9436 million yuan [1] - Major decliners included: - Chongqing Road and Bridge (600106) closed at 6.29, down 2.78% with a trading volume of 284,000 shares [2] - Dongguan Holdings (000828) closed at 11.62, down 2.02% with a trading volume of 90,900 shares [2] - Anhui Expressway (600012) closed at 15.00, down 1.64% with a trading volume of 90,800 shares [2] Capital Flow - The railway and highway sector saw a net outflow of 286 million yuan from major funds, while retail investors contributed a net inflow of 184 million yuan [2]

证券日报网讯东莞控股（000828）11月13日在互动平台回答投资者提问时表示，截至11月10日，公司股 东人数为25，518户。 ...

Group 1 - The company Dongguan Holdings reported that as of October 31, the number of shareholders was 25,492 [2]

Core Viewpoint - Dongguan Holdings is a significant player in the transportation infrastructure sector in Dongguan, with dual core businesses in transportation infrastructure and financial investment, benefiting from state-owned background and regional resource advantages [1] Group 1: Business Performance - For Q3 2025, the company's revenue was 1.184 billion yuan, ranking 14th in the industry, significantly lower than the top player Shandong Expressway at 16.841 billion yuan and the second player Ninghu Expressway at 12.981 billion yuan [2] - The main revenue sources included toll income of 627 million yuan (81.86%), factoring business income of 71.285 million yuan (9.31%), and new energy vehicle charging business income of 41.723 million yuan (5.45%) [2] - The net profit for the same period was 824 million yuan, ranking 11th in the industry, below the top player China Merchants Highway at 4.423 billion yuan and the second player Ninghu Expressway at 4.037 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 37.15%, down from 46.14% year-on-year and below the industry average of 41.31%, indicating relatively low debt pressure [3] - The gross profit margin for Q3 2025 was 69.72%, slightly up from 69.50% year-on-year and significantly higher than the industry average of 46.20%, reflecting strong profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.31% to 25,700, while the average number of circulating A-shares held per account increased by 2.36% to 40,400 [5] - The top ten circulating shareholders included Hong Kong Central Clearing Limited, which held 8.304 million shares, down by 3.4623 million shares from the previous period [5] Group 4: Management Profile - The controlling shareholder is Dongguan Transportation Investment Holding Group Co., Ltd., with the actual controller being the Dongguan Municipal Government State-owned Assets Supervision and Administration Commission [4] - The chairman, Li Binfeng, has a rich background in economic law and has held various significant positions within the Dongguan Transportation Investment Group [4] Group 5: Future Outlook - Dongguan Holdings is expected to maintain stable investment returns, with projected net profits for 2025 to 2027 at 1.025 billion, 984 million, and 995 million yuan respectively [5][6] - The company is focusing on optimizing its asset structure and has increased its stake in Dongguan Securities to 27.1% [5]

Core Viewpoint - Dongguan Holdings reported a decline in revenue for the first three quarters of 2025, but showed an increase in net profit, indicating improved profitability despite lower sales [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 1.184 billion yuan, a year-on-year decrease of 9.88% [1] - The net profit attributable to shareholders was 836 million yuan, reflecting a year-on-year increase of 15.01% [1] - The non-recurring net profit was 833 million yuan, up 38.57% year-on-year [1] - Basic earnings per share were 0.8039 yuan, an increase of 16.69% year-on-year [1] - The weighted average return on equity was 8.31%, up 0.81 percentage points year-on-year [1] Quarterly Analysis - In Q3 2025, the company reported operating revenue of 418 million yuan, a year-on-year decrease of 12.18% but a quarter-on-quarter increase of 4.56% [1] - The net profit attributable to shareholders for Q3 was 303 million yuan, a year-on-year increase of 6.47% but a quarter-on-quarter decrease of 3.20% [1] - The non-recurring net profit for Q3 was 305 million yuan, up 7.51% year-on-year but down 1.45% quarter-on-quarter [1] Investment Management - The company optimized its asset structure and improved investment efficiency by increasing its stake in Dongguan Securities to 27.1% through the acquisition of 7.1% of its shares [1] - Investment income from joint ventures and associates for the first three quarters was 234 million yuan, a year-on-year increase of 70.07% [1] - In Q3, investment income from joint ventures and associates was 123 million yuan, a significant year-on-year increase of 147.99% [1] Cash Flow and Cost Management - The net cash flow from operating activities for the first three quarters was 1.644 billion yuan, a year-on-year increase of 192.21% [2] - The gross profit margin was approximately 69.7%, an increase of 1.6 percentage points year-on-year [2] - Total expenses for the period were 78 million yuan, a decrease of 33 million yuan year-on-year [2] Shareholder Returns - The company committed to a cash dividend of no less than 0.475 yuan per share annually for the next three years (2025-2027), translating to an estimated dividend yield of about 4.0% based on the closing price of 11.99 yuan on October 29, 2025 [2] Profit Forecast and Valuation - The profit forecast for 2025-2027 has been adjusted, with expected net profits of 1.025 billion, 984 million, and 995 million yuan respectively [3] - Expected earnings per share for the same period are projected to be 0.99, 0.95, and 0.96 yuan, with corresponding PE ratios of 12.2X, 12.7X, and 12.5X [3] - The investment rating is maintained at "Buy" [3]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative performance increase of over 15% compared to the benchmark index within the next 6 to 12 months [4][9]. Core Views - The company has shown stable main business operations with significant growth in investment income, leading to an upward revision of the annual profit forecast [4]. - The company plans to distribute dividends to shareholders, committing to a minimum cash dividend of 0.475 CNY per share over the next three years, which corresponds to an estimated dividend yield of approximately 4.0% based on the current share price [6][4]. Financial Performance Summary - For the first three quarters of 2025, the company reported operating revenue of 1.184 billion CNY, a year-on-year decrease of 9.88%, while the net profit attributable to shareholders was 836 million CNY, an increase of 15.01% year-on-year [6]. - The company’s net cash flow from operating activities significantly improved, reaching 1.644 billion CNY, a year-on-year increase of 192.21% [6]. - The gross profit margin for the first three quarters was approximately 69.7%, reflecting a year-on-year increase of 1.6 percentage points [6]. Profit Forecast and Valuation - The revised profit forecast estimates the company's net profit attributable to shareholders for 2025-2027 to be 1.025 billion CNY, 984 million CNY, and 995 million CNY respectively, with corresponding earnings per share of 0.99 CNY, 0.95 CNY, and 0.96 CNY [4][6]. - The price-to-earnings (P/E) ratios based on the closing price on October 29, 2025, are projected to be 12.2X, 12.7X, and 12.5X for the years 2025, 2026, and 2027 respectively [4][6].

Market Overview - The railway and highway sector experienced a decline of 0.35% on the trading day, with Shentong Metro leading the losses [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the railway and highway sector included: - Jilin Expressway (601518) with a closing price of 3.00, up 5.63% on a trading volume of 803,800 shares and a turnover of 240 million yuan [1] - Chongqing Road and Bridge (600106) closed at 6.84, up 4.91% with a trading volume of 558,900 shares and a turnover of 375 million yuan [1] - Conversely, Shentong Metro (600834) led the declines, closing at 8.90, down 3.68% with a trading volume of 119,800 shares and a turnover of 108 million yuan [2] Capital Flow - The railway and highway sector saw a net outflow of 210 million yuan from institutional investors, while retail investors contributed a net inflow of 324 million yuan [2] - Specific stock capital flows included: - Chongqing Road and Bridge (600106) had a net inflow of 28.18 million yuan from institutional investors, while retail investors had a net outflow of 25.08 million yuan [3] - Jilin Expressway (601518) showed a significant retail net inflow, indicating strong interest from individual investors [3]