CE (A 环境、社会及治理(ESG)报告 东 莞 发 展 控 股 股 份 有 限 公 司 股票代码: 000828.SZ 关注官方微信 东莞发展控股股份有限公司 地址：广东省东莞市南城街道东莞大道南城段116号轨道交通大厦2号楼3601室 电话：0769-88999292 网址：http://www.dgholdings.cn ONTEME | 报告开篇 | 01 | | --- | --- | | 关于本报告 | 01 | | 董事长致辞 | 03 | | 走进公司 | 05 | | 可持续发展(ESG) 管理 | 09 | | ESG管理架构 | 09 | | 议题重要性评估 | 09 | | 利益相关方沟通 | 11 | | 实质性议题重要性结论 | 12 | | 公司治理 13 规范治理,筑牢稳健发展强根基 | | --- | | 治理架构 15 | | 商业道德 18 | | 合规经营 23 | | 风险管理 25 | | 数据安全与隐私保护 26 | | 知识产权保护 28 | | 党建引领 29 | | 产品责任 | 45 | | --- | --- | | 品质服务,打造出行用能新体验 | ...

股票代码：000828 股票简称：东莞控股 公告编号：2025-033 东莞发展控股股份有限公司 第八届董事会第四十四次会议决议公告 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"）第八届 董事会第四十四次会议，于 2025 年 7 月 23 日以通讯方式召开，应到 会董事 7 名，实际到会董事 7 名，会议主持人为公司董事长王崇恩先 生。会议的召开符合《中华人民共和国公司法》和本公司章程的规定， 决议合法有效。本次会议作出了如下决议： 一、以同意票 7 票，反对票 0 票，弃权票 0 票，审议通过了《关 于公开挂牌转让松山湖小贷公司 20%股权的议案》。 同意公司按不低于评估价 4,812.15 万元公开挂牌转让持有的东 莞市松山湖小额贷款股份有限公司 20%股权。授权公司经营层结合实 际情况及有关规定开展挂牌及股权转让工作。 此议案的具体内容详见公司同日在《证券时报》《中国证券报》 及巨潮资讯网披露的《关于公开挂牌转让松山湖小贷公司 20%股权的 公告》（公告编号：2025-034）。 二、以同意票 7 ...

Core Viewpoint - Dongguan Holdings (000828) plans to publicly transfer 20% equity stake in Songshan Lake Microfinance Company at a base price of 48.1215 million yuan to optimize its asset structure [1] Group 1: Company Actions - The transaction has been approved by the company's board of directors and does not require approval from the shareholders' meeting [1] - If the transaction is successful, the company will no longer hold any equity in Songshan Lake Microfinance Company [1] Group 2: Shareholding Structure - The shareholding structure of Songshan Lake Microfinance Company includes Dongguan Garden Greening Engineering Co., Ltd. holding 20%, Dongguan Development Holdings Co., Ltd. holding 20%, Guangdong Huihua Construction Engineering Co., Ltd. holding 15%, and several individuals holding the remaining stakes [1]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery sector shows significant divergence in June data, with a focus on the industry's anti-involution process [3] - The express logistics market is expanding, supported by the national strategy to boost domestic demand, with a year-on-year growth of 15.8% in express delivery volume in June 2025 [5] - The performance of major express companies varies, with SF Express maintaining a business volume growth rate of over 30%, while other companies like YTO Express and Yunda Express show slower growth [4][5] Summary by Sections Express Logistics - In June 2025, the total express delivery volume reached 16.87 billion pieces, a year-on-year increase of 15.8%, with total revenue of 126.32 billion yuan, up 9.0% [5][24] - Major express companies' performance in June: YTO Express (2.627 billion pieces, +19.34%), Yunda Express (2.173 billion pieces, +7.41%), SF Express (1.460 billion pieces, +31.77%) [4][28] - The market share for these companies is 15.6% for YTO, 12.9% for both Yunda and Shentong, and 8.7% for SF Express [4] Air Transportation - The air travel sector is expected to benefit from macroeconomic recovery, with a year-on-year increase of 4.4% in passenger transport volume in June 2025 [52] - Major airlines are projected to improve their performance in Q2 2025 due to better supply-demand dynamics and lower oil prices [8] Shipping and Ports - The shipping sector is anticipated to benefit from OPEC+ production increases and a favorable economic environment, with a focus on crude oil transportation [16] - The Baltic Dry Index (BDI) increased by 27.8% week-on-week, indicating a recovery in the bulk shipping market [11][68] - Container throughput at Chinese ports showed a slight increase in cargo volume but a decrease in container throughput [81] Road and Rail - In June 2025, road freight volume increased by 2.86% year-on-year, while rail freight volume rose by 7.36% [45] - National logistics operations are running smoothly, with a slight increase in freight truck traffic [14] Supply Chain Logistics - Companies like Shenzhen International and Debon Logistics are expected to benefit from strategic transformations and improved profitability [15]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The report highlights the need for the express delivery industry to shift towards high-quality development, as the State Post Bureau opposes "involution" competition and aims to improve service quality [4] - The express delivery sector is currently experiencing a decline in per-package revenue, with major companies like Zhongtong, Yuantong, Yunda, and Shentong showing year-on-year decreases in revenue per package [4] - Jitu's Southeast Asian market has seen significant growth, with a total package volume of 7.392 billion pieces in Q2 2025, a year-on-year increase of 23.5% [5] - The airline industry is expected to benefit from macroeconomic recovery, with long-term supply-demand trends indicating potential for growth [12] - The shipping sector is anticipated to improve due to OPEC+ production increases and the Federal Reserve's interest rate cuts, with specific recommendations for companies like China Merchants Energy and COSCO Shipping [12] Summary by Sections Express Delivery - The express delivery market is facing intense competition, with major players experiencing a decline in revenue per package [4] - The report suggests that regulatory changes could help improve the situation by reducing low-cost competition and enhancing the performance of leading companies [4][12] Airline Industry - The airline sector is characterized by long-term low supply growth, but demand is expected to benefit from macroeconomic recovery [12] - Key companies to watch include China National Aviation Holding, Southern Airlines, and HNA Group [12] Shipping and Ports - The report indicates a positive outlook for oil transportation due to OPEC+ production increases and potential interest rate cuts [12] - Recommendations include focusing on companies like China Merchants Energy and COSCO Shipping for their growth potential in the shipping market [12] Road and Rail - The report notes that the Daqin Railway experienced a year-on-year decrease in freight volume in June 2025, while overall logistics operations remain stable [11][12] - Companies like Zhongyuan Expressway and Sichuan Chengyu are highlighted for their growth potential due to infrastructure developments [12]

Group 1 - Jinlong Co., Ltd. announced the public transfer of 300 million shares of Dongguan Securities, representing 20% of its total share capital, through the Shanghai United Assets and Equity Exchange [1] - The transaction was completed with Dongguan Jinkong acquiring 194 million shares (12.9%) and Dongguan Holdings acquiring 106 million shares (7.1%), with a total transaction value of 2.272 billion yuan [1] - The assessed value of Dongguan Securities' total equity as of the end of 2023 is 11.39 billion yuan, with a value increase rate of 24.98%, and the transaction was completed at the reference bottom price [1] Group 2 - Dongguan Holdings stated that the acquisition of Dongguan Securities is related to its stable operating conditions and ongoing IPO process, with the company rated as A-class in the last three years [2] - Dongguan Securities reported revenues of 2.299 billion yuan and 2.155 billion yuan for 2022 and 2023, respectively, with net profits of 791 million yuan and 635 million yuan [2] - The projected revenue for Dongguan Securities in 2024 is 2.753 billion yuan, representing a year-on-year growth of 27.73%, with a net profit of 923 million yuan, a 45.4% increase [2]

Core Viewpoint - Jinlong Co., Ltd. has announced the public transfer of its 300 million shares in Dongguan Securities, representing 20% of the total share capital of Dongguan Securities [1] Summary by Relevant Sections - **Transaction Details** - The company has publicly listed the transfer of 300 million shares of Dongguan Securities on the Shanghai United Assets and Equity Exchange [1] - After the transaction, the company will still hold 300 million shares in Dongguan Securities, maintaining its 20% stake [1] - **Buyers and Share Distribution** - The buyers of the shares are Dongguan Financial Holdings and Dongguan Holdings, with Dongguan Financial Holdings acquiring 194 million shares (12.9% of Dongguan Securities' total share capital) and Dongguan Holdings acquiring 106 million shares (7.1% of Dongguan Securities' total share capital) [1] - **Financial Aspects** - The total transaction price for the shares is 2.272 billion yuan, and both buyers have paid the full transfer price as per the share transfer agreement [1] - The transfer of the underlying assets has been completed [1]

Group 1 - The core viewpoint of the articles highlights Dongguan Holdings' recent stock performance, with a closing price of 10.81 yuan, an increase of 1.12%, and a rolling PE ratio of 14.56, marking a new low in 120 days [1][2] - The total market capitalization of Dongguan Holdings is reported at 11.237 billion yuan, with the company ranking 9th in the railway and highway industry, which has an average PE ratio of 25.68 and a median of 17.17 [1][2] - As of the first quarter of 2025, six institutions hold shares in Dongguan Holdings, with a total holding of 74.3281 million shares valued at 7.438 billion yuan [1] Group 2 - Dongguan Holdings' main business operations include highway management, new energy vehicle charging and swapping, financing leasing, and commercial factoring [1] - The company has been recognized for its contributions, being listed among the "Top 500 Enterprises in Guangdong" for three consecutive years and receiving multiple awards for its performance and ESG practices [1] - The latest financial results show a revenue of 366 million yuan for the first quarter of 2025, a year-on-year decrease of 10.95%, and a net profit of 219 million yuan, down 45.58% from the previous year, with a gross profit margin of 69.42% [2]

Group 1 - The company, Dongguan Development Holdings Co., Ltd., has successfully acquired a 7.1% stake in Dongguan Securities through a joint venture with Dongguan Financial Holdings Group, purchasing 10,650 million shares for a total price of 806,472,741 yuan [1] - The acquisition was approved by the company's board and shareholders, and the share transfer agreement has been signed, becoming effective upon approval from the China Securities Regulatory Commission [1] - Following the completion of the transaction, the company now holds a total of 40,650 million shares in Dongguan Securities, representing a 27.1% ownership stake [1]

Group 1 - The company plans to transfer a large-denomination certificate of deposit worth 200 million RMB to its affiliate, Dongguan City Road and Bridge Investment Construction Co., Ltd., at par value [1][2] - The transaction is classified as a related party transaction since the counterparty is a wholly-owned subsidiary of the company's controlling shareholder, Dongguan Transportation Investment Group Co., Ltd. [1][2] - The board of directors approved the transaction with unanimous support, ensuring compliance with relevant regulations [1][4] Group 2 - Dongguan City Road and Bridge Investment Construction Co., Ltd. has total assets of 39.267 billion RMB and net assets of 15.963 billion RMB as of March 31, 2025 [2] - The company reported a net profit of 1.5 million RMB for the first quarter of 2025, with total revenue of 1.004 billion RMB [2] - The transfer of the certificate of deposit is expected to enhance the company's capital efficiency and support its business development [4][6] Group 3 - The pricing for the transfer of the certificate of deposit is based on market principles, ensuring fairness and no detriment to the company or its shareholders [4] - The independent directors unanimously agreed that the transaction adheres to legal and regulatory requirements and will not affect the company's independence [4][6] - The total amount of related party transactions with Dongguan Transportation Investment Group and its subsidiaries has reached 172 million RMB since the beginning of the year [4]