粤高速Ｂ：2025年三季度报告（英文版）

TheThirdQuarterlyReport2025 TheCompanyanditsdirectorsherebyguaranteethatthecontentofinformationdisclosureisreal,accurate,completeandfreefromanyfalserecord,misleadingrepresentationormaterialomissions. ImportantNotes 1.The Board of Directors and its directors,senior executives should guarantee the reality,accuracy andcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint. 2.PersoninchargeoftheCompany,Personinchargeofaccountingandpersoninchargeofaccountingorgan(accountingofficer)herebyconfirmthatthefinancialinformationofthisQuarterlyReportisauthentic,accurateandcomplete. 3.TheThirdquarterlyreportauditedornot□Yes√No I.Mainfinancialdata (i)Mainaccountingdataandfinancialindexes Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot √Applicable□Notapplicable InRMB □Applicable√Notapplicable Therearenoothergains/lossesitemsthatmeetthedefinitionofnon-recurringgains/lossesintheCompany.Explaintheitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss□Applicable√NotapplicableTherearenoitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss (iii)Particularsaboutmaterialchangesinitemsofmainaccountingstatementandfinancialindexandexplanationsofreasons √Applicable□Notapplicable 1.Itemsofbalancesheetascomparedwiththebeginningofthisyear. （1）MonetaryfundsItincreased by 1,169.52 million yuan or27.26%over the beginning of the year,It’s mainly due to the comprehensiveimpactofvariouscashflowactivities. （2）AccountreceivablesItincreasedby33.49millionyuanor40.66%overthebeginningoftheyear,Themainreasonistheincreaseintollrevenuependingsettlement.（3）OtherreceivablesItincreased by 110.66 million yuan or 74.34%over the beginning of the year,It’s mainly due to thecomprehensiveimpactofthesubsidiaryGuangfoExpresswayCo.,Ltd.'sreversaloftheaccruedprovisionforbaddebtsofmanagementandmaintenanceexpensesandthereceiptofworkingcapitaladvances,aswellasthesubsidiaryYuegaoCapitalHoldings(Guangzhou)Co.,Ltd.'sreceiptofthetransactionamountforequitytransferofHunanLianzhiTechnologyCo.,Ltd.（4）LongtermshareequityinvestmentItincreasedby936.82millionyuanor28.11%overthebeginningoftheyear,It’smainlyduetothattheCompanychangedtheaccountingmethodofitsequityinvestmentinGuangdongGuangleExpresswayCo.,Ltd.totheequitymethod.（5）OtherequityinstrumentsinvestmentItdecreasedby920.5millionyuanor52.04%overthebeginningoftheyear,ThemainreasonisthedecreaseinthefairvalueoftheCompany'sholdingsinEverbrightBankshares,aswellasthedecreaseincostsandfairvaluechangesduetochangingtheaccountingmethodoftheCompany'sequityinvestmentinGuangdongGuangleExpresswayCo.,Ltd.totheequitymethod.（6）ConstructioninprogressItincreasedby1,203.52millionyuanor45.15%overthebeginningoftheyear，It’smainlyduetotheincreasedexpenditureon the reconstruction and expansion project of the subsidiary Jingzhu ExpresswayGuangzhou-ZhuhaiSectionCo.,Ltd.（7）AccountpayableItdecreasedby82.03millionyuanor36.28%overthebeginningoftheyear,It’smainlyduetothedecreaseinconstructionpayablesbythesubsidiaryGuangdongGuanghuiExpresswayCo.,Ltd.andtheFo-kaibranchcompany.（8）TaxpayableItincreasedby111.64millionyuanor84.74%overthebeginningoftheyear，It’smainlyduetotheprovisionforincometaxpayableincreaseswiththeincreaseintaxableincome.（9）Non-currentliabilityduewithin1yearItdecreasedby747.73millionyuanor73.51%overthebeginningoftheyear,It’smainlyduetothattheCompanyredeemedtheduemedium-termnotes.（10）DeferredincomeItincreasedby515millionyuanor100.59%overthebeginningoftheyear，It’smainlyduetothatthesubsidiaryJingzhuExpressway Guangzhou-Zhuhai Section Co.,Ltd.received subsidies from the Nansha DistrictgovernmentandmadepaymentfortheconstructionoftheHengliInterchangeconnectingline. 2.Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear (1)Operatingincome Thedecreaseof139.81millionyuanor3.99%overthesameperiodoflastyear,which’smainlyduetothecombinedimpactofthefollowingfactors:1)TheGuangzhou-ZhuhaisectionoftheBeijing-ZhuhaiExpresswayisaffectedbytheopeninganddiversionoftheShenzhen-ZhongshanCorridor,theZhongkaiExpresswayandtheSouth-CentralExpressway,and the toll revenue decreases;2)Affected by the opening of the Shenzhen-ZhongshanCorridorandtheclosureoftheLianhuashanTunnelforthereconstructionandexpansionofthe Jianghe Expressway,thetraffic flowof FokaiExpressway has decreasedandthe toll revenue hasdecreased.3)GuanghuiExpresswayismainlyaffectedbythenaturalgrowthoftrafficvolumeandthechangeoftrafficflowstructure,withaslightincreaseinthetrafficflowofmediumandlong-distancepassengercarsandanincreaseintollrevenue. (2)Lossofcreditimpairment Thedecreaseof392.35millionyuanor592.76%overthesamep