法律意见书 二〇二四年四月 北京市中伦（广州）律师事务所 北京市中伦（广州）律师事务所 关于广州地铁设计研究院股份有限公司 2023 年度股东大会的 关于广州地铁设计研究院股份有限公司 2023 年度股东大会的 法律意见书 致：广州地铁设计研究院股份有限公司 北京市中伦（广州）律师事务所（以下简称"本所"）受广州地铁设计研究 院股份有限公司（以下简称"公司"）委托，指派徐子林律师、蔡慧怡律师（以 下简称"本所律师"）对公司召开的 2023 年度股东大会（以下简称"本次股东 大会"）进行见证。本所律师根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股东大会规则》《深圳证券交易所上市公司股东大会网 络投票实施细则》等法律规定以及《广州地铁设计研究院股份有限公司章程》（以 下简称"《公司章程》"）、《广州地铁设计研究院股份有限公司股东大会议事 规则》的规定，对公司本次股东大会的召集和召开程序、出席会议人员资格（但 不包含网络投票股东资格）、召集人的资格、股东大会的表决程序、表决结果等 事宜的合法有效性进行了核查和见证，并根据对事实的了解和法律的理解出具本 法律意见书。 本所律师同意将本法律意见书 ...

证券代码：003013 证券简称：地铁设计 公告编号：2024-024 广州地铁设计研究院股份有限公司 2023 年度股东大会决议公告 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。 特别提示 1.本次股东大会不存在否决议案的情形。 一、会议召开和出席情况 1.召开时间 （1）现场会议召开时间：2024 年 4 月 24 日（星期三）下午 15:00。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 4 月 24 日上午 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券 交易所互联网投票系统投票的时间为 2024 年 4 月 24 日 9:15-15:00。 2.现场会议地点：广东省广州市越秀区环市西路 204 号公司会议室。 3.会议召开方式：现场表决与网络投票相结合的方式。 4.召集人：广州地铁设计研究院股份有限公司（以下简称"公司"）董事会。 5.主持人：公司董事长农兴中先生。 6.本次会议的召集、召开符合《中华人民共和国公司法》、《上市公司股东 大会规则》、《深圳证券交易所股票上市规则 ...

公 司 研 究 | --- | --- | |-------------------------|-------------| | 日期 | 2024/4/22 | | 当前股价 ( 元 ) | 15.22 | | 一年最高最低 ( 元 ) | 20.40/12.86 | | 总市值 ( 亿元 ) | 60.88 | | 流通市值 ( 亿元 ) | 60.88 | | 总股本 ( 亿股 ) | 4.00 | | 流通股本 ( 亿股 ) | 4.00 | | 近 3 个月换手率 (%) | 51.14 | -32% -24% -16% -8% 0% 8% 16% 2023-04 2023-08 2023-12 地铁设计 沪深300 相关研究报告 《湾区轨交设计龙头，能源改造业务 构建第二增长曲线—公司首次覆盖报 告》-2023.7.20 公司 2024 年一季度实现营业收入 6.12 亿元，同比增长 1.18%；实现归母净利润 1.04 亿元，同比增长 3.41%；实现每股收益 0.26 元，经营性现金流净额-5.11 亿 元，同比-10.87%；销售毛利率和销售净利率分别提升 0.35 和 0.32 个百分点 ...

证券代码：003013 证券简称：地铁设计 公告编号：2024-023 广州地铁设计研究院股份有限公司 关于召开 2023 年度股东大会的提示性公告 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。 广州地铁设计研究院股份有限公司（以下简称"公司"）于 2024 年 3 月 30 日公告披露了《关于召开 2023 年度股东大会的通知》（公告编号：2024-016）。 现将本次股东大会的有关事项再次提示如下： 一、召开会议基本情况 1.股东大会届次：2023 年度股东大会 2.股东大会的召集人：公司董事会，公司第二届董事会第十九次会议于 2024 年 3 月 29 日召开，审议通过《关于提请召开 2023 年度股东大会的议案》。 3.会议召开的合法、合规性：本次会议的召集程序符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 4.会议召开的日期、时间： （2）通过深圳证券交易所互联网投票系统投票的时间为：2024 年 4 月 24 日 9:15-15:00。 5.会议的召开方式：本次股东大会采取现场表决与网络投票相结合的方式召 开。公司将通过深圳 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥611,922,851.78, representing a 1.18% increase compared to ¥604,813,176.24 in the same period last year[5]. - Net profit attributable to shareholders was ¥104,089,282.07, up 3.41% from ¥100,658,867.97 year-on-year[5]. - Basic earnings per share increased by 4.00% to ¥0.26 from ¥0.25 in the same period last year[5]. - Total operating revenue for Q1 2024 was CNY 611,922,851.78, an increase of 1.83% compared to CNY 604,813,176.24 in Q1 2023[21]. - Net profit for Q1 2024 reached CNY 105,524,220.55, representing a 4.26% increase from CNY 102,350,560.62 in Q1 2023[23]. - Earnings per share for Q1 2024 was CNY 0.26, compared to CNY 0.25 in Q1 2023, indicating a growth of 4%[24]. Cash Flow and Investments - The net cash flow from operating activities was -¥511,449,750.21, a decrease of 10.87% compared to -¥461,300,999.46 in the previous year[5]. - Cash received from sales of goods and services increased by 35.30% to ¥412,092,473.70, attributed to higher contract collections[9]. - Cash paid for purchasing goods and services rose by 33.80% to ¥164,910,149.04, reflecting increased contract payments[9]. - The company reported a significant increase in investment payments of 100% to ¥9,045,000.00, indicating increased external investments[9]. - Cash outflow from investing activities totaled CNY 86,549,945.23, significantly higher than CNY 35,518,053.20 in the previous period, marking an increase of 143%[26]. - The company experienced a net cash decrease of CNY -540,803,846.62 during the period[26]. Assets and Liabilities - Total assets decreased by 6.88% to ¥5,369,970,988.34 from ¥5,766,522,863.68 at the end of the previous year[5]. - Total liabilities decreased to CNY 2,744,285,768.30 in Q1 2024 from CNY 3,312,249,064.19 in Q1 2023, a reduction of approximately 17.15%[20]. - The company's cash and cash equivalents decreased to CNY 3,541,119,252.03 from CNY 4,016,090,833.92, a decline of about 11.85%[20]. - Cash and cash equivalents decreased from 1,323,538,849.41 RMB to 782,735,002.79 RMB[18]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,822[11]. - Guangzhou Metro Group holds 77.75% of shares, totaling 311,003,108 shares[11]. - The company plans to adjust the use of raised funds, reducing the investment in the "Information System Upgrade Project" by 89.1062 million RMB[13]. - The company is planning a shareholder dividend return plan for the next three years (2024-2026)[16]. Research and Development - The company has undergone high-tech enterprise certification, valid for three years, enhancing its R&D capabilities[15]. - Research and development expenses for Q1 2024 were CNY 31,810,376.01, up from CNY 28,020,230.40 in Q1 2023, reflecting an increase of 13.5%[21]. Credit and Risk Management - The company reported a significant increase in credit impairment losses, which rose to CNY 19,693,314.84 from CNY 1,765,826.25, indicating a substantial increase in credit risk[23]. Accounting and Auditing - The company has not undergone an audit for the first quarter report[27]. - The company plans to implement new accounting standards starting in 2024[27].

证券代码：003013 证券简称：地铁设计 公告编号：2024-022 广州地铁设计研究院股份有限公司 关于会计政策变更的公告 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。 广州地铁设计研究院股份有限公司（以下简称"公司"）根据财政部发布的 《关于印发〈企业会计准则解释第 17 号〉的通知》（财会〔2023〕21 号）的要 求变更会计政策，根据《深圳证券交易所股票上市规则》等相关规定，公司本次 会计政策变更事项属于根据法律、行政法规或者国家统一的会计制度要求的会计 政策变更，无需提交公司董事会、股东大会审议，不会对公司财务状况、经营成 果和现金流量产生重大影响。 一、本次会计政策变更的概述 （二）变更前采用的会计政策 变更前，公司执行财政部发布的《企业会计准则——基本准则》和各项具体 会计准则、企业会计准则应用指南、企业会计准则解释公告及其他相关规定。 （三）变更后采用的会计政策 本次会计政策变更后，公司按照《企业会计准则解释第 17 号》的相关规定 执行；其他未变更部分，公司仍按照财政部前期发布的《企业会计准则——基本 准则》和各项具体会计准则、企业会计准 ...

证券代码：003013 证券简称：地铁设计 公告编号：2024-020 广州地铁设计研究院股份有限公司 关于开立现金管理专用结算账户及使用部分闲置 募集资金进行现金管理的进展公告 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。 广州地铁设计研究院股份有限公司（以下简称"公司"）于 2024 年 3 月 29 日召开了第二届董事会第十九次会议和第二届监事会第十八次会议，审议通过了 《关于使用部分闲置募集资金进行现金管理的议案》，为提高公司资金的使用效 率，同意公司在确保不影响募集资金投资项目建设和公司正常经营的情况下，使 用不超过人民币 10,300 万元的闲置募集资金进行现金管理，自公司董事会审议 通过之日起 12 个月内有效，有效期内资金可滚动使用；投资的品种为安全性高、 流动性好、单项产品期限最长不超过 12 个月的投资产品；由董事会授权董事长 在授权额度范围内行使决策权并签署相关合同文件或协议资料，由公司管理层组 织相关部门具体实施。具体内容详见公司 2024 年 3 月 30 日在《证券时报》、 《中国证券报》和巨潮资讯网（http://www.cni ...

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Investment Rating - The investment rating for the company is "Buy" (maintained) [3][10]. Core Views - The company has achieved continuous growth in net profit for eight consecutive years, with a focus on core business development in subway design consulting [8][10]. - Revenue and profit have both increased, with all segments showing improved gross margins [9][10]. - The company has adjusted its profit forecasts for 2024-2026, expecting net profits of 5.93 billion, 6.25 billion, and 6.42 billion respectively, with corresponding EPS of 1.48, 1.56, and 1.61 [10]. Financial Performance Summary - In 2023, the company achieved operating revenue of 2.573 billion, a year-on-year increase of 3.92%, with the breakdown of revenue sources being 86.92% from surveying and design, 7.35% from planning consulting, and 5.64% from engineering contracting [9]. - The net profit attributable to the parent company was 432 million, reflecting a year-on-year growth of 8.01%, with an EPS of 1.08 [9]. - The gross margin and net profit margin were 37.2% and 17.1%, respectively, both showing improvements compared to the previous year [9]. - The company has made provisions for asset impairment of approximately 126 million, a year-on-year increase of 168% [9]. Business Development and Market Expansion - The company has successfully opened three major subway lines and is advancing design tasks for 46 lines across 46 cities [11]. - It has won the overall design package project for the Changsha to Ningxiang line and signed cooperation agreements in new markets such as Hong Kong and Colombia [11]. - The company has established a wholly-owned subsidiary for energy management in subway systems and is involved in new energy storage initiatives [11]. Financial Forecasts - The financial forecasts for 2024-2026 indicate a steady increase in revenue and net profit, with expected revenues of 2.824 billion, 3.031 billion, and 3.153 billion respectively [12]. - The projected net profit for 2024 is 593 million, with a year-on-year growth of 37.3% [12]. - Key financial ratios such as ROE and net profit margin are expected to remain stable, indicating a solid financial outlook [12].

Financial Performance - The company's operating revenue for 2023 was ¥2,573,335,245.12, representing a 3.92% increase compared to ¥2,476,263,826.10 in 2022[17]. - The net profit attributable to shareholders for 2023 was ¥431,858,408.64, an increase of 8.01% from ¥399,837,098.45 in 2022[17]. - The basic earnings per share for 2023 was ¥1.08, up 8.00% from ¥1.00 in 2022[17]. - The total assets at the end of 2023 reached ¥5,766,522,863.68, a 17.60% increase from ¥4,903,466,605.12 at the end of 2022[17]. - The net assets attributable to shareholders increased by 11.65% to ¥2,412,599,428.80 at the end of 2023 from ¥2,160,844,470.22 at the end of 2022[17]. - The cash flow from operating activities for 2023 was ¥184,906,067.53, a decrease of 46.05% compared to ¥342,752,936.66 in 2022[17]. - The weighted average return on equity for 2023 was 18.89%, down from 19.59% in 2022[17]. - The total profit reached 501 million yuan, marking a 9.15% increase compared to the previous year, and net profit was 439 million yuan, up 8.21% year-on-year[54]. Revenue Breakdown - The main business revenue was ¥2,571,065,243.17, accounting for 99.91% of total revenue, with a year-on-year growth of 3.91%[67]. - Revenue from engineering general contracting surged by 80.66% to ¥145,234,052.45, compared to ¥80,391,613.90 in the previous year[65]. - Revenue from planning consulting increased significantly by 53.88%, reaching ¥189,173,047.00, up from ¥122,933,657.47[65]. - Revenue from Guangdong Province increased by 19.90% to ¥1,835,392,335.86, while revenue from outside Guangdong Province decreased by 21.95% to ¥737,942,909.26[65]. Cash Flow and Investments - The cash flow from operating activities turned positive in Q4 2023, amounting to ¥835,386,165.80, compared to negative cash flows in the previous three quarters[21]. - Investment cash inflow surged by 341.66% to ¥4,006,125.00 in 2023, compared to ¥907,070.00 in 2022[98]. - The net cash flow from investment activities worsened by 102.27%, resulting in a deficit of ¥311,879,805.25 in 2023[98]. - Financing cash inflow increased significantly by 6,040.82% to ¥300,900,000.00 in 2023, compared to ¥4,900,000.00 in 2022[98]. Market Expansion and Strategic Initiatives - The company successfully expanded into new markets, including signing a cooperation agreement in Ho Chi Minh City, Vietnam, and establishing Guangzhou Kehui Energy Co., Ltd. to explore new business models[54]. - The company is actively pursuing overseas projects, including consulting for the Macau East Line and the Alexandria tram renovation in Egypt[61]. - The company plans to invest in new technologies to support ongoing and future projects, aiming for innovation in design and execution[76]. - The company aims to enhance research and innovation efforts to promote the transformation of research results and cultivate new business[126]. Research and Development - The company invests at least 3% of its annual revenue in R&D, fostering continuous technological innovation and collaboration with domestic and international research institutions[50]. - The company's research and development expenses increased by 3.36% to ¥115,421,863.75 compared to the previous year[90]. - The number of R&D personnel increased to 574 in 2023, up by 2.87% from 558 in 2022, with a higher proportion of R&D staff now at 27.45% of total employees[96]. - The company is committed to strengthening its research and development capabilities by investing in high-end talent and specialized equipment[141]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations[158]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[155]. - The company has independent management personnel who do not hold positions in the controlling shareholders' enterprises[161]. - The company has implemented a "Quality Return Dual Improvement" action plan, although details on its effectiveness were not disclosed[150]. Employee and Talent Management - The total number of employees at the end of the reporting period is 2,091, with 1,918 from the parent company and 173 from major subsidiaries[198]. - The professional composition includes 1,653 technical personnel, 201 production staff, 59 sales personnel, 48 financial staff, and 130 administrative staff[198]. - The company emphasizes the importance of talent retention and plans to improve its talent attraction and incentive systems to maintain its competitive edge[144]. - The company conducted 789 training sessions during the reporting period, with a total of 26,537 participants and 87,174 total training hours[200]. Future Outlook - The company aims to optimize its capital operations and equity structure to support the implementation of its "14th Five-Year Plan" and enhance core competitiveness[136]. - The company's revenue target for 2024 is expected to reach CNY 286,500 million, with a profit target of CNY 55,500 million[139]. - The company plans to enhance collaboration across various regions to ensure timely completion of multiple rail projects, including the Suzhou and Ningbo lines[135]. - The company is focusing on diversifying its business to mitigate risks associated with fluctuations in infrastructure investment and increasing competition in the industry[140][141].