TigerResearch/tigerbot-earning-plugin huggingface dataset:
4,443,518,724.27 4,030,343,799.24 1,852,612,486.85 1,211,556,201.62 902,052,548.93
Subsidiaries obtained or disposed in the reporting period
Applicable □Not applicable Company name
Way of acquiring and disposing of subsidiary corporations within the reporting period
Impact on the whole producing operation and performance
Guangdong Expressway
Technology Investment Co., Ltd.
This transaction does not have a significant impact on the overall production and operation of the
company, and increases the company's current net profit by 24.89 million yuan.
Particulars about theMutual holding companies
1. According to the informal letter No. 24-[2022] Yue Transportation Operation-"Notice of the Department of Transportation of Guangdong Province on Issues Concerning the Expiration of Toll Collection of Guangfo Expressway" issued by Guangdong Provincial Department of Transportation, Guangfo Expressway shall stop toll collection from 0:00 on March 3, 2022. Retain the existing toll facilities and operate as usual in a zero-rate manner, exempt vehicle tolls for all vehicles passing this road section, and collect vehicle tolls on behalf for other road sections. After the toll collection is stopped, Guangfo Expressway Co., Ltd shall continue to be responsible for the management and maintenance of Guangfo Expressway.
X. Structured subject situation controlled by the company
XI.Prospect for future development of the Company
The year of 2023 is the first year of fully implementing the spirit of the 20th Party Congress, the year of connecting link in the Fourteenth Five-Year Plan, and the crucial year for the Company's high-quality development, in which the Company will thoroughly study and implement the spirit of the 20th Party Congress, determine the goal of the Fourteenth Five-Year Plan, make scientific plans and make overall plans, and show new achievements in business management, investment and merger, and high-quality development to ensure a good start in 2023. The overall goal in 2023 is to achieve an operating income of RMB 4.683 billion and control the operating cost within RMB 1.811 billion.
1.Increase the reserve of high-quality highway projects, actively plan the investment and acquisition of high-quality highway projects inside and outside the Communications Group, and strive to increase the holding of high-quality highway projects.
2. Seize the historical opportunity of expressway reconstruction and expansion projects and actively participate in the investment opportunities of the holding company's reconstruction and expansion projects. Actively carry out the preliminary research work of the reconstruction and expansion project of Guangzhou- Zhaoqing Expressway and the reconstruction and expansion project of Guangzhou-Huizhou Expressway; Continue to follow up the construction progress of Jingzhu Expressway Guangzhu Section, Jiangmen- Zhongshan Expressway, Huizhou-Shenzhen Expressway reconstruction and expansion projects and other continuation projects, and manage the fund planning to ensure the fund demand for project construction.
3. Promote the implementation of strategic emerging industry projects. Relying on the platform of Yuegao Capital, deeply explore the investment opportunities of high-quality enterprises in scientific and technological innovation and R&D in the seven sectors of the three main businesses of the Communications Group, and focus on planning the extended layout of the industrial chain, expanding collaborative business, promoting the project implementation and cultivating the development momentum.
XII. Structured subject situation controlled by the company
Recepti on time
Place of reception
Way of recepti on
Types of visitors
Visitors received
Main contents discussed and information provided
April27,2022
Meeting Room of the
Industrial securities telephone research
meeting:Wang Chunhuan, Industrial securities;Wu
Xiongwei Capital Dynamics AssetManagement (HK) Pte Ltd;Shan Dan HMOUNT AssetManagement (HK)
Limited;Bin Yan Zhongtai Secutities;Zhang Shuoyuan Zhongtai Securities;Shen Yuchen Bank of China
InvestmentManagement; Xia Heyang Engine Fund; Li Yanguang Huatai Self
support;Lin Xiaying Huatai Securities;Yao Shuang
BNBWealthManagement; Pu Xiaoting Pinan Assets Management;Tian
Zhaofeng Topsperity
Securities;Zang Hailiang YideWwalth ;Chen
Weichong Genghis Khan
Fund;Wei Songhui Baorun Group;Wang Yicheng
Nomura Oriental asset management
The company‘s operating si tuation in the first quarter o f 2022, the main work com pleted, the progress of parti cipating in investment, reco nstruction and expansion pr ojects, and the company‘s d evelopment plan and work priorities.
1. The main content of
research:1. the
daily operation; 2. the company's financial data analysis;3.
development strategy; 4.
analysis on the industry.
2.Primary data investigation:
Public information company regularly reports
August29,2022
Huatai Securities telephone research meeting:Huatai Securuties Lin Xiaying; BNBWealthManagement; Yao Shuang;Chang Jiang Securities Lu Sijia;Guotai Junan Yue Xin, Yin Jiaqi; Guosen Securities Zeng
Fanji;Eastmoney Securities Jiang Nan;Everbright
Securities Cheng Xinning Huatai Securities telephone research meeting:
The company’s operati ng conditions in the firs t half of 2022, , the progr ess of participating in inves tment, reconstruction and e xpansion projects, and the c ompany‘s development pla n and work priorities.
IV. Corporate Governance
I. General situation
The Company strictly followed the requirement of laws and regulations in <company law>,< the Securities Law>,< Code of Corporate Governance for Listed Companies in China>, <Stock Listing Rules> etc. and kept on improving corporate governance structures, improving normative operation level. Company had stipulated rules such as <articles of association>, rules of procedures in three meetings, working guide of special committee in board of directors, working guide of general manager etc. and internal control system basically covering all operating management such as company financial management, investment management, information disclosure, related transaction, external guarantee, fund raising, compliance risk management etc. All rules are well implemented.
In the report period, strictly following the relevant provisions of “Company Law”and “Regulations”, the shareholder’s meeting of our bank effectively performed the functions. The board of directors is to be responsible for the shareholder’s meeting, to take the ultimate responsibility for the bank’s operation and management and to convene a meeting as well as performing the function and power according to legal procedure. In line with the attitude which is responsible for all shareholders and keeping in close contact and communication with the board of directors and the management, the board of supervisors carries out the assessment work on duty exercising for the board of directors and the board of supervisors, effectively performing functions and obligations of supervision.
Does there exist any difference in compliance with the corporate governance , the PRC Company Law and the relevant provisions of CSRC,
There exist no difference in compliance with the corporate governance , the PRC Company Law and the relevant provisions of CSRC.
II. Independence and Completeness in business, personnel , assets, organization and finance
1. Independent business
The Company is mainly engaged in tolling and maintenance of Guangfo Expressway, Fokai Expressway,Jingzhu Expressway Guangzhu Section and Guanghui Expressway investment in technological industries
and provision of relevant consultaion while investing in Shenzhen Huiyan Expressway Co., Ltd., Guangzhou Guanghui Expressway Co., Ltd.., Guangdong Jiangzhong Expressway Co.Ltd., Zhaoqing Yuezhao Expressway Co., Ltd.,Ganzhou Kangda Expressway , Ganzhou Gankang Expressway Co., Ltd.,Guangdong Yueke Technology Petty Loan Co., Ltd., Guangdong Guangle Expressway Co.,Ltd., Guoyuan Securities Co., Ltd, Hunan Lianzhi Technology Co., Ltd., SPIC Yuetong Qiyuan Chip Power Technology Co., Ltd., CMST Nanjing Intelligent Logistics Technology Co., Ltd.and Shenzhen Garage Electric Pile Technology Co., Ltd.
The Company has outstanding main operation, independent and complete business and the ability of independent operation. All business decisions of the Company were made independently, being completely separated from the shareholder with actual control. Related transactions were carried out in light of the principle of fair transaction, which did not harm the interests of the Company and other shareholders of the Company. The content of related transactions was fully, timely and accurately disclosed, which did not have negative influence on the Company.
2. Complete assets
The relationship of the Company's property right is clear. The assets injected by shareholders in the Company are independent and complete and have clear property right. All capital was paid up and relevant formalities of property right change were settled.
3. Independent personnel
As for personnel relationship, the general manager, deputy general managers, the secretary to the board of directors and financial controller of the Company were full-time employees and received salary from the Company, who did not concurrently hold positions at the parent company.
All directors and supervisors of the Company were elected through legal procedure. The general manager, deputy general managers, chief accountant, chief economic engineer and chief engineer were directly appointed by the board of directors. Other managerial personnel of all levels were directly appointed by the general manager. The Company owns independent power of personnel appointment and removal.
4. Independent finance
The Company, including subsidiaries established independent accounting department ,independent accounting system and regulations on financial management.
The Company independently opened bank account and did not deposit funds in the accounts of the finance company or settlement center of the majority shareholder. The Company independently paid tax. The Company's financial decisions were independently made. The majority shareholder did not interfere with the use of funds by listed companies.
5. Independent organization
The board of directors, the supervisory committee and other internal organs of the Company operated independently. Its organs are complete and independent.
III. Horizontal Competitions
IV. Annual GeneralMeeting and Extraordinary Shareholders’Meetings in the Reporting Period
1.Annual GeneralMeeting
Type of meeting
Investor participation ratio
Meeting Date
Disclosure index
2021 Shareholders’ general meeting
Shareholders’ General
17,2022
18,2022
The meeting examined and adopted the Proposal Concerning FinalAccounting Report for 2021,
The meeting examined and adopted the Proposal Concerning Preplan for Profit Distribution for2021,The meeting examined and adopted the Proposal Concerning Overall budget report of the Company for 2022,The meeting examined and adopted theWork Report of the Board of Directors for2021,The meeting examined and adopted theWork Report of the supervisory Committee for 2021,The meeting examined and adopted Annual Report for 2021 and its summary, The meeting examined and adopted the Proposal for Hiring the 2022 Annual Financial Report Audit Agency, The meeting examined and adopted the Proposal for Hiring the 2022 Internal ControlAudit Institution,The meeting examined and adopted the Proposal regarding the election of Mr. Kuang Yu as director of the ninth board of directors of the Company.
The First provisional shareholders’General meeting of 2022
Provisional shareholders’ General
August19,2022
August20,2022
The meeting examined and adopted the Proposal on electing Mr. Miao Deshan as a director of the ninth Meeting of the board of directors of the Company, The meeting examined and adopted the Proposal on electingMr. He Sen as a Supervisor of the ninth supervisory committee of the Company
The Second provisional shareholders’General meeting of 2022
September20,2022
September21,2022
The meeting examined and adopted of the Proposal on the General Election of the Company's Board of Directors, The meeting examined and adopted of the Proposal on the General Election of the Company's Supervisory Committee, The meeting examined and adopted of the Proposal on the Remuneration of Directors of the Tenth Board of Directors of the Company.
The Third provisional shareholders’General meeting of 2022
November7,2022
November8,2022
The meeting examined and adopted the Proposal on Amending Part of the Articles of Association of the Company, The meeting examined and adopted the Proposal on Amending of Independent director system of Guangdong Provincial Expressway Development Co., Ltd.,The meeting examined and adopted the Proposal on Increasing Capital to Beijing-Zhuhai Expressway Guangzhu Section Co., Ltd. to Invest in the Reconstruction and Expansion Project of Nansha-Zhuhai Section of Guangzhou-Macao Expressway.
The Fourth provisional shareholders’General meeting of 2022
December29,2022
December30,2022
TheMeeting examined and adopted the Proposal on the Amendment of the Rules of Procedure of the Board of Directors of Guangdong Provincial Expressway Development Co., Ltd.
2. Request for extraordinary general meeting by preferred stockholders whose voting rights restore□Applicable √Not applicable
V. Information about Directors, Supervisors and Senior Executives
1.Basic situation
Name Positions
Office status
Sex Age
Starting date of tenure
Expiry date of tenure
Shares held at the year- begin(share)
number of shares held in the current period(shar es)
Number of shares reduced in the current period(shar es)
changes(sh ares)
Number of shares held at the end of the
period(shar es)
Reasons for
increase or
decrease of shares
Miao Deshan Board Chairman
Male 51
September20,2025
Wang Chunhua
Director, General Manager
Male 58
16,2013
135,100 135,100
LuMing Director, Chief accountant
Male 44
December25,2020
Zuo Jiang
Director, Deputy General Manager
Female 50
October19,2015
Cheng Rui Director
Male 48
Septembe r 20,2022
Zeng Zhijun Director
Male 52
December4,2017
You Xiaocong Director
Male 55
Novembe r 2,2020
Yao Xuechang Director
Wu Hao Director
Kuang Yu Director
Male 37
Zhang Hua Independent director
Male 57
Liu Zhong Hua Independent director
Zeng Xiaoqing Independent director
Female 53
20,2019
You Dewei Independent director
Male 54
YuMingyuan Independent director
Male 60
He Sen
Chairman of the
Male 49
Xiaobing
Female 51
Ke Lin Supervisor
Septembe r 15,2017
Deng Yunfeng Supervisor
Male 47
December23,2021
Zhou Dong Supervisor
Female 52
Septembe r 9,2022
Luo Baoguo Deputy GeneralManager
Yang Hanming Secretary to the Board
Male 53
August28,2017
Zhou Yisan legal counsel
Male 42
Zheng Renfa Board Chairman
Dimis sion
January4,2017
24,2022
ChenMin Director
Male 59
19,2017
Ren Hua Director
22,2021
Huang Hai Director
21,2016
February2,2022
Gu Naikang Independent director
Bao Fangzhou Independent director
Changwen
20,2022
25,2022
Zhou Yisan Supervisor
Septembe r 9,2019
September9,2022
Cheng Rui Deputy GeneralManager
He Bing legal counsel
Female 55
23,2012
29,2022
Total -- -- -- -- -- -- 135,100 0 0 0 135,100 --
During the reporting period, whether there is dismissal of directors and supervisors and decruitment of senior managers
√Yes □No
1. Mr. Huang Hai, the Director, resigned from the Board of Directors and the Remuneration and
Assessment Committee of the Company on February 24, 2022 due to work adjustment any position in the Company after he resignation.
2. Mr. Zheng Renfa, Chairman of the Board of Directors, resigned as Chairman and Director of the
Company on April 24, 2022 due to job transfer, and also resigned as Chairman of the Strategy Committee and Risk Management Committee of the Board of Directors. After his resignation,Mr. Zheng Renfa will not hold other positions in the company.
3. Mr. Cheng Rui, the Deputy General Manager, resigned from the Board of Directors of the Company on June 17, 2022 due to job transfer.
4.Mr. Jiang Changwen, the supervisory board chairman, resigned as Chairman and Supervisor of the Board of Supervisors of the Company on July 25, 2022 due to job transfer any position in the Company after he resignation..
5. Ms. He Bing, the General Counsel, has reached the retirement age and resigned as the General Counsel from the Board of Directors of the Company on July 29, 2022. Ms. He Bing will not hold any position in the Company after her resignation.
1.Changes of directors, supervisors and senior executives√Applicable □Not applicable
Name Positions Types Date Reason
Zheng Renfa Board Chairman Dimission April 24,2022 Job change
ChenMin Director Left for term expiration September 20,2022 Left for term expiration Ren Hua Director Left for term expiration September 20,2022 Left for term expiration Huang Hai Director Dimission February 24,2022 Job change
Gu Naikang Independent director Left for term expiration September 20,2022 Left for term expiration Bao Fangzhou Independent director Left for term expiration September 20,2022 Left for term expiration
Jiang Changwen
Dimission July 25,2022 Job change
Zhou Yisan Supervisor Left for term expiration September 9,2022 Left for term expiration Cheng Rui
Deputy General Manager
Dimission June 17,2022 Job change
He Bing legal counsel Dimission July 29,2022 Retirement
2.Posts holding
Mr.Miao Deshan,He served as Chairman of the Board, Secretary of the Party Committee of the Company, with bachelor degree. Bachelor of Engineering degree, senior engineer. From June 2011 to July 2022, he served successively as Deputy General Manager, Chief Engineer, Deputy Secretary of the Party Committee, Director and GeneralManager of Guangdong Communications Industrial Investment Co., Ltd. has been the Chairman of the Company since August 19, 2022. He is also the Director of SPIC Yuetong Qiyuanxin Power Technology Co., Ltd., the Company's shareholding company, and the Legal Representative and Executive Director of Yuegao Capital Holdings (Guangzhou) Co., Ltd.
Mr.Wang Chunhua, He served as Director and GeneralManager of the Company, deputy secretary of the Party Committee of the Company. Master Degree, senior engineer and senior economic engineer, Since September2006, he served as Deputy General Manager of the Company.From March 2013 to October 2015, He served as director and Deputy General Manager of the Company, Since October 2015, He served as Director and General director of the Company, and hold a concurrent post of vice chairman of Shenzhen Huiyan Expressway Co., Ltd. and Chairman and Legal representative of Guangfo Expressway .
Mr. Lu Ming, from March 2009 to December 2020, served as the Manager, Deputy Business Director and Business Director of the Financial Management Department of Guangdong Communications Group Co., Ltd., and from December 2018 to December 2019, he served as the first secretary of the Party Branch of Yinghuai Management Office of Guangdong Nanyue Communications Longhuai Expressway Management Center. Since December 25, 2020, he has served as the Chief Accountant of the Company, and since February 3, 2021, he has served as a Director of the Company. He also serves as the Vice Chairman of Ganzhou Nankang–Dayu Expressway Co., Ltd., the Company's shareholding company, the Director of Guangdong Yuepu Microfinance Co., Ltd., the Chairman of Beijing-Zhuhai Expressway Guangzhou-Zhuhai Section Co., Ltd. and Guangdong Guangzhou-Huizhou Expressway Co., Ltd.
Ms. Zuo Jiang, Deputy General Manager of the Company, member of the Party Committee and employee director of the company. Master of Economics, Senior Economist, Qualified as Legal Adviser of the Enterprise, Secretary of the Board of Directors. He has been working in the Company since 1994. He has been theMinister of Securities Affairs of the Company since 1999. He has been the Secretary of the Board of Directors and Director of Securities Affairs Department since March 2006. From October 2015 to July 2016, he was the Deputy General Manager and Secretary of the Board of Directors And Minister of Securities Affairs. Since October 2015, he has been the Deputy General Manager of the Company, and hold a concurrent post of Director of Yueke Technology Petty Loan Co., Ltd., director of Guoyuan Securities Co., Ltd. and General Manager, Party branch secretary of Yuegao Capital lnvestment (Guangzhou)Co., Lt6d.
Mr. Cheng Rui, Director of the Company, holds a master's degree in business administration, an economist, with the Corporate Legal Adviser and Lawyer qualification.From August 2017 to May 2022, he served as Deputy General Manager of Guangdong Expressway Development Co., Ltd., during which, from May 2019 to August 2021, he was appointed as the First Secretary of the Party Organization in Shanhu Village, Jinhe Town, Jiexi County, Jieyang City.Since May 2022 till now, he has served as the Director of Legal Affairs Department of Guangdong Communications Group Co., Ltd. He has been the director of the Company since September 20,2022.
Mr. Zeng Zhijun, economist, is a director of the Company, with master degree. Since June 2010, he has served as the deputy chief economist of Guangdong Provincial Expressway Co., Ltd. From January 2015 to September 2015, he served as Minister of Investment Planning Department of Guangdong Provincial Expressway Co., Ltd; since September 2015, he has served as Minister of Legal Affairs Department of Guangdong Provincial Expressway Co., Ltd. ,Since September 2020, He serves as Minister of personnel resource department,Since December 4, 2017, he serves as Director of the Company.
Mr.You Xiaocong, senior accountant,is the director of the Company, with bachelor degree. From May 2015 to December 2021, he served as the director and chief accountant of Guangdong Provincial Highway Construction Co., Ltd., and since December 2021, he has served as the director, chief accountant, and member of the party committee of Guangdong Provincial Highway Construction Co., Ltd. He has served as director of the Company since November 2, 2020.
Mr. Yao Xuechang, Director of the Company, Bachelor Degree, MBA, Senior Engineer of road and bridge, served as the Director and Deputy Secretary of the Party Branch of the Reconstruction and Expansion Project Management Office of the Southern Section of Foshan-Kaiping Expressway from October 2015 to February2020. From February 2020 to October 2021, he successively served as the Director and Deputy Secretary of the Party Branch of Zhongshan-Jiangmen Expressway Reconstruction and Expansion Management Office, Deputy Secretary and Director of the Party Branch of the Reconstruction and Expansion Project Management Office of the Southern Section of Foshan-Kaiping Expressway, director and deputy secretary of the Party branch of the Guangzhou-Zhuhai Expressway Reconstruction and Expansion Management Office. Since October 2021, he has served as the Deputy Secretary and Director of the Party Branch of the Reconstruction and Expansion Management Office of the Guangzhou-Zhuhai section of Beijing-Zhuhai Expressway and the Director of the Reconstruction and Expansion Project Management Office of the Southern Section of Foshan-Kaiping Expressway.He has been the Director of the Company since September 20, 2022.
Ms.Wu Hao,She is the director of the Company,with bachelor degree. From February 2012 to May 2020, She successively served as deputy manager of the finance department, deputy manager of the investment business department, and manager of the investment business department of Shandong Expressway Investment Development Co., Ltd. She has served as the deputy general manager and member of party committee of Shandong Expressway Investment Development Co., Ltdsince May 2020. From November 2, 2020, he has served as director of the Company.
Mr Kuang Yu, Director of the Company, holds a master's degree in economics.He started working in 2011 and is currently the securities affairs representative of Poly Development Holding Group Co., Ltd. and the Department Manager of the Capital Operation Department of the Board Office.He has been the Director of the Company sinceMay 17, 2022.