Guangdong Provincial Expressway Development Co., Ltd.
The Semi-Annual Report 2023
August 2023
I. Important Notice, Table of Contents and Definitions
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of the Company warrant that this Report is factual, accurate and complete without any false record,
misleading statement or material omission. And they shall be jointly and severally liable for that.
Mr.Miao Deshan, Company principal , Mr. Wang Chunhua, General Manager, Mr. Lu Ming, Chief of the
accounting work, Ms.Zhou Fang, Chief of the accounting organ (chief of accounting ) hereby confirm the
authenticity and completeness of the financial report enclosed in this Semi-annual report.
All the directors have attended the meeting of the board meeting at which this report was examined.
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 Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
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 and 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 Refers to January 1, 2023 to June 30,2023
The semi-annual report of the company was
Reporting date Refers to approved by the board of directors of 2023, that is,
August 28, 2023
YOY Refers to Compared with January-June 2022
The Company, This Company, The Refers to Guangdong Provincial Expressway Development
Group, Guangdong Expressway Co.,Ltd.
Guangfo Company Refers to Guangdong Guangfo Expressway Co., Ltd.
Guanghui Company Refers to Guangdong Guanghui Expressway Co., Ltd.
Provincial Expressway Refers to Guangdong Provincial Expressway Co., Ltd.
II. Company Profile & Financial Highlights.
1.Company Profile
Stock abbreviation: Expressway A, Expressway B Stock code 000429、200429
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 Provincial Expressway Development Co.,Ltd.
English abbreviation (If any) GPED
Legal Representative Miao Deshan
2. Contact person and contact manner
Board secretary Securities affairs Representative
Name Yang Hanming Liang Jirong
46/F
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