粤高速Ｂ:2023年年度报告(英文版)

【摘要】GuangdongProvincialExpresswayDevelopmentCo.,Ltd.2023AnnualReportMarch2024I.ImportantNotice,TableofContentsandDefinitions...

Guangdong Provincial Expressway Development Co., Ltd.

                2023 Annual Report

                      March 2024


          I. Important Notice, Table of Contents and Definitions

The Board of Directors and the directors, Supervisory Committee and supervisors and Senior Executives of the
Company hereby warrant that at the year , there are no misstatement, misleading representation or important
omissions in this report and shall assume joint and several liability for the authenticity, accuracy and
completeness of the contents hereof.

    Mr.Miao Deshan, The Company leader, Mr. Wang Chunhua, General Manager, Mr. Lu Ming, Chief
financial officer and the Ms.Yan Xiaohong, the person in charge of the accounting department (the person in
charge of the accounting )hereby confirm the authenticity and completeness of the financial report enclosed in
this annual report.

All the directors attended the board meeting for reviewing the Annual Report.

The toll revenues of Expressway is main source of the major business income of the company , The charge
standard of vehicle toll must be submitted to the same level people's government for review and approval after the
transport regulatory department of province, autonomous region or municipality directly under the central
government in conjunction with the price regulatory department at the same level consented upon examination.
Therefore, the adjustment trend of the charge price and the charge price if has the corresponding adjustment in the
future price level when the cost of the company rises still depend on the approval of relevant national policies and
government departments, and the company isn't able to make timely adjustment to the charge standard in
accordance with the its own operation cost or the change of market supply demand. So, the change of charge
policy and the adjustment of charge standard also have influence on the expressways operated by the company to
some extent. So, the charging policy changes and charges adjustment will affect the highways operation of the
company.

    The profit distribution proposal reviewed and approved by the boarding meeting was summarized as follows:
2,090,806,126 for the base, the Company would distribute cash dividend to all the shareholders at the rate of
CNY 5.47 for every 10 shares (with tax inclusive) , 0 bonus shares （including tax）and no reserve would be
converted into share capital.


                  Table of Contents

I.Important Notice, Table of contents and Definitions

II. Company Profile & Financial Highlights.

III. Management Discussion & Analysis
IV. Corporate Governance
V. Environmental & Social Responsibility
VI. Important Events

VII. Change of share capital and shareholding of Principal Shareholders

VIII. Situation of the Preferred Shares

IX. Corporate Bond
X. Financial Report


                              Documents available for inspection

1. Accounting statements carried with personal signatures and seals of legal representative, General Manager,
Chief Financial officer（Chief accountant）,the person in charge of the accounting department (the person in
charge of the accounting )Financial Principal .

2. Original of Auditors’ Report carried with the seal of Certified Public Accountants as well as personal signatures
of certified Public accountants.

3. The texts of all the Company's documents publicly disclosed on the newspapers and periodicals designated by
China Securities Regulatory Commission in the report period.


                        Definition

  Terms to be defined      Refers to                                  Definition

Reporting period, This        Refers to    January 1, 2023 to December 31, 2023

year

Reporting date              Refers to    The annual report of the company was approved by the board of directors on 2023,
                                      that is 15 20, 2024

YOY                      Refers to    Compared with 2022

The Company ,This

Company, Guangdong        Refers to    Guangdong Provincial Expressway Development Co.,Ltd.

Expressway

Communication Group        Refers to    Guangdong Communication Group Co., Ltd.

Provincial Freeway          Refers to    Guangdong Provincial Freeway Co.,Ltd.

Guangfo Company          Refers to    Guangdong Guangfo Expressway Co., Ltd.

Guangdong Expressway      Refers to    Yuegao Capital Investment (Guangzhou) Co., Ltd.

Capital

Guanghui Company          Refers to    Guangdong Guanghui Expressway Co., Ltd.

Guangzhu East Company      Refers to    Jingzhu Expressway Guangzhu Section Co., Ltd.


II. Company Profile & Financial Highlights.

1.Company Profile

Stock abbreviation:                Expressway A,        Stock code                000429, 200429

                              Expressway B

Stock exchange for listing          Shenzhen Stock Exchange

Name in Chinese                  广东省高速公路发展股份有限公司

Abbreviation of Registered          粤高速

Company (if any)

English name (If any)              Guangdong