粤高速Ｂ：2025年半年度报告

TheSemi-AnnualReport2025 August2025 I.ImportantNotice,TableofContentsandDefinitions TheBoardofDirectors,theSupervisoryCommitteeaswellasalldirectors,supervisorsandseniormanagementstaffoftheCompanywarrantthatthisReportisfactual,accurateandcompletewithoutanyfalserecord,misleadingstatementormaterialomission.Andtheyshallbejointlyandseverallyliableforthat. Mr.MiaoDeshan,Companyprincipal,Mr.LuMing,Chiefoftheaccountingwork,Ms.YanXiaohong,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisSemi-annualreport. Allthedirectorshaveattendedthemeetingoftheboardmeetingatwhichthisreportwasexamined. ThetollrevenuesofExpresswayismainsourceofthemajorbusinessincomeofthecompany,Thechargestandardofvehicletollmustbesubmittedtothesamelevelpeople'sgovernmentforreviewandapprovalafterthetransportregulatory department of province,autonomous region or municipality directly under the centralgovernmentinconjunctionwiththepriceregulatorydepartmentatthesamelevelconsenteduponexamination.Therefore,theadjustmenttrendofthechargepriceandthechargepriceifhasthecorrespondingadjustmentinthefuturepricelevelwhenthecostofthecompanyrisesstilldependontheapprovalofrelevantnationalpoliciesandgovernmentdepartments,and the company isn't able to make timely adjustment to the charge standard inaccordancewiththeitsownoperationcostorthechangeofmarketsupplydemand.So,thechangeofchargepolicyandtheadjustmentofchargestandardalsohaveinfluenceontheexpresswaysoperatedbythecompanytosomeextent.So,thechargingpolicychangesandchargesadjustmentwillaffectthehighwaysoperationofthecompany. TheCompanyhasnoplanofcashdividendscarriedout,bonusissuedandcapitalizingofcommonreserveseither. TableofContents I.ImportantNotice,TableofcontentsandDefinitionsII.CompanyProfile&FinancialHighlights.III.ManagementDiscussion&AnalysisIV.CorporateGovernance,Environmental&SocialResponsibilityV.ImportantEventsVI.ChangeofsharecapitalandshareholdingofPrincipalShareholdersVII.CorporateBondVIII.FinancialReportIXOtherSubmittedDate Documentsavailableforinspection 1.Accountingstatementscarriedwithpersonalsignaturesandsealsoflegalrepresentative,ChiefFinancialofficerandFinancialPrincipal. 2..ThetextsofalltheCompany'sdocumentspubliclydisclosedonthenewspapersandperiodicalsdesignatedbyChinaSecuritiesRegulatoryCommissioninthereportperiod. Definition II.CompanyProfile&FinancialHighlights. 1.CompanyProfile 2.Contactpersonandcontactmanner 3.Other 1).Wayofcontact Whetherregistrationsaddress,officesaddressandcodesaswellaswebsiteandemailoftheCompanychangedinreportingperiodornot □Applicable√NotapplicableRegistrationsaddress,officesaddressandcodesaswellaswebsiteandemailoftheCompanyhasnochangeinreportingperiod,foundmoredetailsinannualreport2024. 2).Informationinquiry Whetherinformationdisclosureandpreparationplacechangedinreportingperiodornot□Applicable√Notapplicable Noneoftheofficialpresses,website,andplaceofenquiryhasbeenchangedinthesemireportperiod.FordetailspleasefindtheAnnualReport2024. 3).Otherrelevantinformation Didanychangeoccurtootherrelevantinformationduringthereportingperiod? □Applicable√Notapplicable 4.SummaryofAccountingDataandFinancialIndicators Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdata□Yes√No 1).Simultaneouslypursuant to both Chinese accounting standards and international accountingstandardsdisclosedinthefinancialreportsofdifferencesinnetincomeandnetassets. □Applicable□√Notapplicable None 2).DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderoverseasandChineseaccountingstandards. □Applicable√NotapplicableNone 6.Itemsandamountofnon-currentgainsandlosses √Applicable□Notapplicable InRMB Explaintheitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss □Applicable√NotapplicableTherearenoitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss. III.ManagementDiscussion&Analysis Ⅰ.MainBusinesstheCompanyisEngagedinDuringtheReportPeriod TheCompanyismainlyengagedintollingandmaintenanceofGuangfoExpressway,FokaiExpressway,JingzhuExpresswayGuangzhuSectionandGuanghuiExpressway investmentintechnologicalindustriesandprovisionofrelevantconsultationwhileinvestinginShenzhenHuiyanExpresswayCo.,Ltd.,GuangdongJiangzhongExpresswayCo.,Ltd.,Zhaoqing Yuezhao Expressway Co.,Ltd.,Ganzhou Kangda Expressway,GanzhouGankangExpresswayCo.,Ltd.,GuangdongYuepuTechnologyPettyLoanCo.,Ltd.,GuangleExpresswayCo.,Ltd.,GuoyuanSecuritiesCo.,Ltd.,GarageelectricpileHolding(Shenzhen)Co.,Ltd.andSPICYuetongQiyuanChipPowerTechnologyCo.,Ltd.. Asoftheendofthereportingperiod,thecompany’sshare-controlledexpresswayis306.78km,andtheshare-participationexpresswayis295.88km. II.AnalysisOncoreCompetitiven