河南中原高速公路股份有限公司 2019 年第三季度报告 公司代码：600020 公司简称：中原高速 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2019 年第三季度报告 2019 年 10 月 28 日 1 / 28 河南中原高速公路股份有限公司 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 三、 重要事项 四、 附录 目录 2 / 28 河南中原高速公路股份有限公司 2019 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 未出席董事姓名 未出席董事职务 未出席原因的说明 被委托人姓名 王 辉 董事 工作原因 陈 伟 1.3 公司负责人马沉重、主管会计工作负责人王铁军、彭武华及会计机构负责人（会计主管人员） 冯莉保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 3,269,350,264.36, representing a year-on-year increase of 20.93% compared to CNY 2,703,532,542.18[20] - Net profit attributable to shareholders of the listed company reached CNY 858,766,971.14, up 41.00% from CNY 609,058,846.18 in the same period last year[23] - The net profit after deducting non-recurring gains and losses was CNY 812,875,960.91, an increase of 33.16% compared to CNY 610,434,786.82 in the previous year[23] - The basic earnings per share increased to CNY 0.3382, reflecting an 84.51% rise from CNY 0.1833 in the same period last year[23] - The weighted average return on net assets rose to 7.75%, an increase of 4.19 percentage points compared to 3.56% in the previous year[23] - The total operating revenue for the first half of 2019 was RMB 3,269,350,264.36, an increase of 21% compared to RMB 2,703,532,542.18 in the same period of 2018[181] - The total profit for the period was CNY 1,110,968,543.86, compared to CNY 771,840,360.11 in the previous year, reflecting a growth of 43.9%[187] Revenue Sources - Toll revenue increased by 14.84% due to higher traffic volume during the reporting period[23] - Real estate sales revenue from the subsidiary Yingdi Real Estate surged by 163.32% year-on-year due to the delivery of residential properties[23] - The net profit attributable to the parent company was ¥859 million, up 41.00% year-on-year, driven by a 14.84% increase in toll revenue and a 163.32% increase in real estate sales from the subsidiary[46] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 50,620,677,317.49, a slight increase of 0.94% from CNY 50,147,838,115.17 at the end of the previous year[23] - The company's total liabilities reached ¥40,407,778,328.79, compared to ¥38,936,720,717.06 in the previous period, indicating a rise in liabilities[173] - The company's equity attributable to shareholders decreased to ¥10,118,341,306.92 from ¥11,117,210,976.08, reflecting a decline of approximately 9%[173] Cash Flow - The net cash flow from operating activities was CNY 2,008,517,679.62, showing a decrease of 1.05% compared to CNY 2,029,881,195.72 in the previous year[23] - Cash inflows from operating activities amounted to CNY 3,400,574,688.71, compared to CNY 3,120,362,920.24 in the same period last year, indicating an increase of about 9.0%[192] - The net cash flow from financing activities was CNY -583,368,582.73, an improvement from CNY -1,774,901,371.89 in the previous year, indicating a reduction in cash outflow by approximately 67.1%[195] Investments and Financing - The company expanded its financing channels, ensuring timely funding and smooth loan replacements, achieving the lowest borrowing rate in the industry during the low-interest window[45] - The company issued three bonds with a total balance of CNY 48 billion, with interest rates ranging from 4.95% to 5.67%[145] - The company successfully repaid CNY 5.406 billion in bank loans and interest during the first half of 2019[159] Corporate Governance - The company has made commitments regarding the independence of its operations and management, ensuring no interference from controlling shareholders[86] - The company appointed Deloitte Touche Tohmatsu as the financial auditor for the 2019 fiscal year, with total audit fees amounting to RMB 1.86 million, including RMB 1.31 million for financial audit and RMB 0.55 million for internal control audit[91] - The company has committed to avoiding competition with its major shareholder, Henan Transportation Investment Group, as per agreements made in 2010 and 2016[89] Shareholder Information - The largest shareholder, Henan Transportation Investment Group Co., Ltd., holds 1,013,313,285 shares, accounting for 45.09% of the total shares[120] - The company issued 34 million preferred shares at a price of 100 yuan each, with a coupon rate of 5.8%[126] - The total number of preferred shareholders as of the reporting period was 6[127] Risk Management - The company is exposed to macroeconomic risks that could impact toll revenue due to fluctuations in transportation demand[77] - Industry policy risks include potential changes in toll collection regulations that may affect the company's primary revenue source from vehicle tolls[78] - The company is actively monitoring economic conditions to mitigate the impact of macroeconomic changes on its performance[77] Community Engagement - The company actively engages in targeted poverty alleviation efforts, focusing on the development of rural tourism and collective economy to enhance community well-being[110] - The company has established a leadership group for poverty alleviation, directly supporting Wangzhuang Village in Jiyuan City[109] - The company plans to continue exploring rural tourism and industrial development to promote common prosperity in Wangzhuang Village[115]

| --- | --- | --- | --- | |--------------|--------|--------------------|----------------| | | | | | | 证券代码： | 600020 | 证券简称：中原高速 | | | 优先股代码： | 360014 | 优先股简称：中原优 | 1 | | 公司债代码： | 143213 | 公司债简称： | 17 豫高速 | | 公司债代码： | 143495 | 公司债简称： | 18 豫高 01 | | 公司债代码： | 143560 | 公司债简称： | 18 豫高 02 | 公告编号：临 2019－035 河南中原高速公路股份有限公司 | --- | --- | |----------------------------------------------------------------------|-------| | 关于参加河南上市公司投资者网上集体接待日活动的公告 | | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 | | | 或者重大遗漏，并对其内容的真实性、准确性和完整性承 ...

Financial Performance - Net profit attributable to shareholders rose by 80.30% to CNY 462.37 million year-on-year[12] - Operating revenue increased by 31.34% to CNY 1.73 billion compared to the same period last year[12] - Basic earnings per share increased by 80.28% to CNY 0.2057 per share compared to the previous year[12] - The weighted average return on net assets increased by 2.55 percentage points to 4.78%[12] - Toll revenue increased by CNY 166 million, a year-on-year increase of 15.78%[12] - The company delivered residential properties, contributing an additional CNY 113 million to net profit attributable to the parent company[12] - The company's operating revenue for the current period reached RMB 1,729,800,306.95, representing a 31.34% increase compared to RMB 1,317,040,211.66 in the previous period[26] - The company reported a 100.82% increase in income tax expenses, amounting to RMB 139,511,195.05, attributed to an increase in total profit[28] - The company experienced a 67.06% rise in taxes and surcharges, totaling RMB 38,462,249.95, due to increased tax liabilities from recognized revenue[26] - The company recorded a 66.22% increase in other income, amounting to RMB 14,062,405.25, mainly from government subsidies[28] - The net profit for the current period is 463,710,085.00 RMB, compared to 259,872,748.48 RMB in the previous period, representing an increase of approximately 78.3%[52] - The total comprehensive income for the current period is 470,602,842.71 RMB, up from 264,083,863.39 RMB in the previous period, indicating a growth of about 78.3%[52] Assets and Liabilities - Total assets increased by 0.96% to CNY 50.63 billion compared to the end of the previous year[12] - Total current assets reached ¥6,629,521,620.27, up from ¥5,895,205,267.70, indicating an increase of 12.45% year-over-year[34] - Long-term equity investments increased to ¥4,402,299,105.68 from ¥4,337,058,048.11, reflecting a growth of 1.51%[34] - Total liabilities stood at ¥38,943,057,074.70, slightly up from ¥38,936,720,717.06, indicating a marginal increase of 0.01%[40] - Total liabilities amounted to CNY 35,216,870,625.02, slightly up from CNY 35,047,316,466.10, indicating a marginal increase of approximately 0.5%[47] - The company has a short-term loan of ¥1.75 billion and accounts payable of approximately ¥1.61 billion[72] - The company has a long-term loan of approximately ¥20.94 billion and bonds payable of approximately ¥4.79 billion[72] Cash Flow - Cash flow from operating activities increased by 3.33% to CNY 896.86 million year-on-year[12] - Cash received from operating activities increased by 56.21% to RMB 150,158,903.35 from RMB 96,127,868.00, mainly due to increased rental income[28] - The net cash flow from operating activities amounted to ¥896,861,546.13, an increase from ¥867,985,158.99 in the previous year, reflecting a growth of approximately 1.01%[62] - Cash inflow from operating activities was ¥1,208,378,559.00, an increase from ¥1,148,126,293.30 year-over-year[64] - The company reported a net increase in cash and cash equivalents of ¥619,427,285.17, compared to ¥4,764,660,544.27 in the previous year[64] Shareholder Information - The total number of shareholders reached 95,477 by the end of the reporting period[18] - The largest shareholder, Henan Transportation Investment Group Co., Ltd., holds 45.09% of the shares[18] Investment Activities - There were no significant changes in the company's investment activities, with cash paid for investments decreasing by 97.98% to ¥904,153.25[32] - Investment income decreased by 43.33% to RMB 59,422,497.89 from RMB 104,849,899.85, primarily due to reduced returns from a subsidiary[28] - Cash inflow from investment activities totaled ¥3,153,654.69, significantly down from ¥45,479,890.36 year-over-year[62] - The net cash flow from investment activities was -¥216,737,902.31, compared to -¥333,585,648.68 in the previous year, showing an improvement[62] Financial Adjustments - The company has made adjustments to its financial reporting format in accordance with new financial instrument standards effective January 1, 2019[74]

Financial Performance - The company achieved a net profit of CNY 1,077,885,095.45 for the year 2018, with a 10% statutory reserve fund provision of CNY 107,788,509.55, resulting in distributable profits of CNY 970,096,585.90[7]. - The company's operating revenue for 2018 was CNY 5,776,036,469.33, a decrease of 7.42% compared to 2017[27]. - The net profit attributable to shareholders for 2018 was CNY 798,804,153.45, down 30.41% year-on-year[27]. - The total profit amounted to CNY 1.122 billion, down 24.14% year-on-year, while net profit was CNY 804 million, a decline of 31.15%[53]. - The company's total assets at the end of 2018 were CNY 50,147,838,115.17, a decline of 9.57% from the previous year[27]. - The net assets attributable to shareholders decreased by 24.59% to CNY 11,117,210,976.08 at the end of 2018[27]. - The return on equity (ROE) for 2018 was 4.06%, down 4.06 percentage points from the previous year[53]. - The company reported a significant decrease in investment income from joint ventures, impacting overall profitability[27]. Dividend Distribution - The total number of ordinary shares at the end of 2018 was 2,247,371,832, with a cash dividend distribution of CNY 245,038,188.70 to ordinary shareholders, equating to CNY 1.09 per 10 shares (tax included)[10]. - The company plans to pay a fixed dividend of CNY 98,600,000 for 17 million preferred shares, with an additional CNY 48,628,494.80 to be distributed from the remaining profits[10]. - In 2018, the company reported a cash dividend of 1.09 RMB per 10 shares, amounting to 245,038,188.70 RMB, representing 53.13% of the net profit attributable to ordinary shareholders[116]. - The company distributed cash dividends of 1.68 RMB per 10 shares, totaling 377,558,470.90 RMB for the year 2017, with a payout ratio of 43.02% of the net profit attributable to ordinary shareholders[115]. Risk Management - The company has provided a detailed analysis of potential risks in its future development within the report[13]. - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements in the annual report[12]. - The company is sensitive to macroeconomic changes, which may impact toll revenue due to the slowing domestic economic growth[108]. - The company faces risks from industry policy changes, including the potential reduction of toll fees and the cancellation of provincial toll stations, which could affect its main revenue source[111]. - The company is committed to improving safety in highway operations and enhancing network security risk management capabilities[107]. - The company emphasizes the importance of analyzing industry policy adjustments to develop appropriate strategies and measures[111]. Operational Efficiency - The company plans to focus on improving operational efficiency and exploring new market opportunities in the coming year[27]. - The company is focusing on high-quality development and optimizing asset quality through various measures[47]. - The company has implemented a "three-long system" to enhance operational management and ensure road safety[47]. - The company aims to enhance its investment management system to improve market-oriented levels and investment returns, focusing on diversified business development[107]. - The company plans to strictly manage budgets and improve financing efficiency to reduce financial costs and open new profit channels[107]. Corporate Governance - The company’s independent directors confirmed that the profit distribution plan complies with relevant regulations and does not harm the interests of the company and its shareholders[11]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[13]. - The company has committed to avoid competition with its controlling shareholder, Henan Transportation Investment Group, ensuring no competitive projects will be developed[121]. - The controlling shareholder, Henan Transportation Investment Group, holds 1,013,313,285 shares, representing 45.09% of the total shares[188]. Social Responsibility - The company has established three funding programs for poverty alleviation, with a total of over 300,000 RMB allocated to support agricultural development and education for impoverished households[168]. - The company has implemented over 10 infrastructure improvement projects, including road safety and clean water initiatives, enhancing the living conditions of local communities[167]. - The company has actively engaged in social responsibility initiatives, including the establishment of a tourism company and the development of leisure agriculture projects[166]. - The company has focused on transforming traditional agriculture into economic crop cultivation, providing over 200,000 RMB in subsidies to encourage this shift among local farmers[168]. - The company has received recognition for its rural tourism initiatives, being approved as an AAA-rated tourist attraction by the Jiyuan City Tourism Development Committee[169]. Investment and Financing - The company issued CNY 28 billion in corporate bonds and CNY 18 billion in short-term financing notes to optimize its debt structure[51]. - The company signed fixed asset financing contracts totaling RMB 12.5 billion and RMB 29.5 billion, using the toll rights of the Zhengzhou Airport to Luohe section as collateral[83]. - The company has established a pledge guarantee using toll rights from the Zhengmin Expressway for fixed asset loans[80]. - The company is exploring new investment areas to strengthen its leading position in venture capital, real estate, and financial sectors[107]. Audit and Compliance - The company’s financial report received a standard unqualified audit opinion from its accounting firm[4]. - The company has appointed a new accounting firm with an audit fee of 1.52 million CNY for the financial audit and 550,000 CNY for internal control audit[134].

河南中原高速公路股份有限公司 2018 年第三季度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2018 年第三季度报告 2018 年 10 月 30 日 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 河南中原高速公路股份有限公司 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | | | | | 末增减(%) | | 总资产 | 48,893,240,316.47 | 50,241,039,695.83 | | -2.68 | | 归属于上市公司股东的净资产 | 11,673,038, ...

河南中原高速公路股份有限公司 2018 年半年度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2018 年半年度报告 2018 年 8 月 15 日 1 / 172 河南中原高速公路股份有限公司 2018 年半年度报告 重要提示 无。 六、 前瞻性陈述的风险声明 √适用 □不适用 本年度报告中所涉及的发展战略、未来计划等前瞻性描述不构成本公司对投资者的实质承诺 ，敬请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中对可能面对的风险进行了详细分析和描述，敬请查阅第四节"经营情况的 讨论与分析"中关于公司未来发展的讨论与分析中可能面对的风险部分的内容。 十、 其他 □适用 √不适用 2 / 172 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并 ...

河南中原高速公路股份有限公司 2017 年年度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2017 年年度报告 2018 年 4 月 25 日 1 / 205 河南中原高速公路股份有限公司 2017 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 致同会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人金雷、主管会计工作负责人马沉重、王继东及会计机构负责人（会计主管人员） 冯莉声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经致同会计师事务所（特殊普通合伙）审计，河南中原高速公路股份有限公司（母公司）2017 年实现净利润 902,918,965.31 元，计提 10%法定公积金 ...

河南中原高速公路股份有限公司 2018 年第一季度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2018 年第一季度报告 2018 年 4 月 25 日 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 河南中原高速公路股份有限公司 2018 年第一季度报告 一、 重要提示 2.1 主要财务数据 | 单位：元 币种：人民币 | | --- | | | | | 本报告期末比 | | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 上年度末增减 | | | | | (%) | | 总资产 | 54,756,128,648.35 | 50,241,039,695.83 | 8.99 | | 归属于上市公司股东的净资产 | 13,547,563,440.63 | 13,264,933,141.89 ...

河南中原高速公路股份有限公司 2017 年第三季度报告 公司代码：600020 公司简称：中原高速 优先股代码：360014 优先股简称：中原优 1 公司债代码：143213 公司债简称：17 豫高速 河南中原高速公路股份有限公司 HENANZHONGYUAN EXPRESSWAYCOMPANY LIMITED 2017 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人金雷、主管会计工作负责人马沉重、王继东及会计机构负责人（会计主管人员） 冯莉保证季度报告中财务报表的真实、准确、完整。 1.4 公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 2017 年 10 月 30 日 1 / 22 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 河南中原高速公路股份有限公司 2017 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述 ...