广深铁路股份(00525) - 2025 - 中期业绩

Important Notice This semi-annual report contains forward-looking statements that do not constitute substantive commitments, and investors should be aware of risks Overview This semi-annual report contains forward-looking statements, does not constitute substantive commitments, and investors should be aware of risks; the board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness; financial statements are prepared under Chinese accounting standards and are unaudited; the board decided against cash dividends, profit distribution, or capitalization issue for this period - Forward-looking statements in this semi-annual report do not constitute substantive commitments by the company to investors, who should maintain risk awareness[5] - The company's Board of Directors, Supervisory Board, and directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content[6] - The financial report in this semi-annual report is prepared in accordance with Chinese Enterprise Accounting Standards and is unaudited[6] - The company's Board of Directors decided not to distribute cash dividends, profit, or convert capital reserves into share capital for the current reporting period[6] Section I Definitions This section defines common terms used in the report, ensuring consistent understanding for readers Definitions of Common Terms This chapter provides definitions for common terms used in the report, including company names, reporting periods, stock types, and regulatory bodies, to ensure consistent understanding - The reporting period refers to the six months from January 1 to June 30, 2025, and the prior corresponding period refers to the six months from January 1 to June 30, 2024[8] - The company's controlling shareholder is China Railway Guangzhou Group Co., Ltd. (Guangzhou Railway Group), and the actual controller is China State Railway Group Co., Ltd. (China Railway Group)[8] Section II Company Profile and Key Financial Indicators This section provides an overview of the company's basic information, contact details, stock profile, and key financial performance metrics I. Company Information Guangshen Railway Company Limited is a joint-stock company established in China, with Jiang Hui as its legal representative - The company's Chinese name is Guangshen Railway Company Limited, and its legal representative is Jiang Hui[10] II. Contact Person and Information Company Secretary Tang Xiangdong and Securities Affairs Representative Deng Yanxia manage investor relations, with disclosed contact address, phone, and email - The Board Secretary is Tang Xiangdong, and the Securities Affairs Representative is Deng Yanxia, with contact phone and email disclosed[11] III. Brief Introduction to Changes in Basic Information The company's registered and office addresses remain unchanged at No. 1052 Heping Road, Luohu District, Shenzhen, Guangdong Province - The company's registered and office addresses have not changed historically[12] IV. Brief Introduction to Changes in Information Disclosure and Document Storage Locations The company designates several newspapers and websites for information disclosure, with no changes in disclosure or storage locations during the reporting period - The company designates multiple newspapers and websites for information disclosure, with no changes in information disclosure or document storage locations during the reporting period[13] V. Company Stock Overview The company's A-shares are listed on the Shanghai Stock Exchange (stock code 601333), and H-shares are listed on the Hong Kong Stock Exchange (stock code 00525) Company Stock Overview | Stock Type | Listing Exchange | Stock Abbreviation | Stock Code | | :--- | :--- | :--- | :--- | | A-shares | SSE | Guangshen Railway | 601333 | | H-shares | HKEX | Guangshen Railway Shares | 00525 | VI. Other Relevant Information The company has appointed Deloitte Touche Tohmatsu Certified Public Accountants LLP as its accounting firm and Haiwen Law Firm as its legal counsel - The company has appointed Deloitte Touche Tohmatsu Certified Public Accountants LLP as its accounting firm, with Huang Tianyi and Chen Wanlin as signing accountants[14] - The company has appointed Beijing Haiwen (Shenzhen) Law Firm as its Chinese legal counsel and Haiwen Law Firm (Limited Liability Partnership) as its Hong Kong legal counsel[14] VII. Key Accounting Data and Financial Indicators In H1 2025, the company's operating revenue increased by 8.08% to 13.97 billion yuan, and net profit attributable to shareholders increased by 21.55% to 1.11 billion yuan Key Accounting Data (H1 2025 vs. Prior Corresponding Period) | Key Accounting Data | Current Period (Jan-Jun) (RMB yuan) | Prior Corresponding Period (RMB yuan) | Change from Prior Corresponding Period (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 13,968,981,131 | 12,924,720,330 | 8.08 | | Total Profit | 1,388,551,911 | 1,273,716,090 | 9.02 | | Net Profit Attributable to Shareholders of the Listed Company | 1,108,915,456 | 912,281,244 | 21.55 | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-Recurring Gains and Losses | 1,058,194,826 | 901,055,681 | 17.44 | | Net Cash Flow from Operating Activities | 1,822,525,971 | 1,110,360,142 | 64.14 | Key Financial Indicators (H1 2025 vs. Prior Corresponding Period) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Corresponding Period | Change from Prior Corresponding Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.1565 | 0.1288 | 21.51 | | Diluted Earnings Per Share (yuan/share) | 0.1565 | 0.1288 | 21.51 | | Basic Earnings Per Share Excluding Non-Recurring Gains and Losses (yuan/share) | 0.1494 | 0.1272 | 17.45 | | Weighted Average Return on Net Assets (%) | 4.03 | 3.43 | Increased by 0.60 percentage points | | Weighted Average Return on Net Assets Excluding Non-Recurring Gains and Losses (%) | 3.85 | 3.39 | Increased by 0.46 percentage points | VIII. Differences in Accounting Data Under Domestic and Overseas Accounting Standards The company reports no differences in accounting data under domestic and overseas accounting standards - The company has no differences in accounting data under domestic and overseas accounting standards[18] IX. Non-Recurring Gains and Losses Items and Amounts During the reporting period, total non-recurring gains and losses amounted to 50.72 million yuan, primarily from government grants and disposal of non-current assets Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (RMB yuan) | | :--- | :--- | | Disposal gains/losses on non-current assets | 3,475,656 | | Government grants recognized in current profit or loss | 70,947,967 | | Other non-operating income and expenses | (4,621,668) | | Less: Income tax impact | 19,060,063 | | Impact on minority interests (after tax) | 21,262 | | Total | 50,720,630 | Section III Board of Directors' Report (Including Management Discussion and Analysis) This section provides a comprehensive discussion and analysis of the company's industry, main business, operating performance, financial position, and future outlook I. Description of the Company's Industry and Main Business During the Reporting Period The railway industry, a national economic artery, saw growth in both passenger and freight volumes in H1 2025, with the company primarily operating railway passenger and freight transport services [(I) Industry Overview](index=11&type