StockAbbreviation:GuangdongExpresswayA,GuangdongExpresswayBStockCode:000429,200429AnnouncementNo.:2026-010
GuangdongProvincialExpresswayDevelopmentCo.，Ltd.
TheFirstQuarterlyReport2026
TheCompanyanditsdirectorsherebyguaranteethatthecontentofinformationdisclosureisreal,accurate,completeandfreefromanyfalserecord,misleadingrepresentationormaterialomissions.
ImportantNotes
1.TheBoardofDirectors,directors,andseniormanagementguaranteethattheinformationpresentedinthisreportistrue,accurateandcompletewithoutfalserecords,misleadingstatementsormaterialomissions,andwillundertakeindividualandjointlegalliabilities.
1.TheBoardofDirectorsoftheCompanyanditsdirectorsandseniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.
2.PersoninchargeoftheCompany,Personinchargeofaccountingandpersoninchargeofaccountingorgan(accountingofficer)herebyconfirmthatthefinancialinformationofthisQuarterlyReportisauthentic,accurateandcomplete.
3.Thefirstquarterlyreportauditedornot
□Yes√No
I.Mainfinancialdata(i)MainaccountingdataandfinancialindexesWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot
□Yes?No
| Thisperiod | Sameperiodoflastyear | Changesofthisperiodoversameperiodoflastyear（％） | |
| Operatingrevenue（Yuan） | 1,078,049,945.69 | 1,049,919,860.48 | 2.68% |
| Netprofitattributabletotheshareholdersofthelistedcompany（Yuan） | 451,885,742.49 | 657,482,517.83 | -31.27% |
| Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan） | 449,746,316.20 | 399,682,317.42 | 12.53% |
| Netcashgeneratedfrom/usedinoperatingactivities（Yuan） | 1,297,578,966.29 | 1,404,783,085.32 | -7.63% |
| Basicearningpershare(Yuan/Share) | 0.22 | 0.31 | -29.03% |
| Dilutedgainspershare(Yuan/Share) | 0.22 | 0.31 | -29.03% |
| Weightedaveragereturnonequity（%） | 3.99% | 6.10% | -2.11% |
| Endofthisperiod | Endoflastperiod | Changesofthisperiod-endoversameperiod-endoflastyear(%) | |
| Totalassets（Yuan） | 28,265,215,689.09 | 26,790,914,410.82 | 5.50% |
| Netassetsattributabletotheshareholdersofthelistedcompany（Yuan） | 11,523,402,993.17 | 11,116,100,975.79 | 3.66% |
(ii)Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Item | Currentamount | Note |
| Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionis | -563,913.74 |
| made) | ||
| Governmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 3,838.71 | |
| Fundsoccupationfeeschargedtonon-financialenterprises,recognizedincurrentprofitorloss | 1,519,528.30 | |
| Netamountofnon-operatingincomeandexpenseexcepttheaforesaiditems | 1,587,446.32 | |
| Othernon-recurringGains/lossitems | 771,649.98 | |
| Less:Influencedamountofincometax | 828,937.59 | |
| Influencedamountofminorshareholders’equity(aftertax) | 350,185.69 | |
| Total | 2,139,426.29 | -- |
Othergains/lossesitemsthatconformtothedefinitionofnon-recurringgains/losses:
□Applicable?NotapplicableTheCompanydoesnothaveothergains/lossesitemsthatconformtothedefinitionofnon-recurringgains/lossesInformationonthedefinitionofnon-recurringprofit(gain)/lossthatlistedintheQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---Extraordinary(non-recurring)Profit(gain)/lossastherecurringprofit(gain)/loss
□Applicable?NotapplicableTheCompanydoesnothaveanynon-recurringprofit(gain)/losslistedundertheQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---Extraordinary(non-recurring)Profit(gain)/lossdefinedasrecurringprofit(gain)/loss(iii)Particularsaboutmaterialchangesinitemsofmainaccountingstatementandfinancialindexandexplanationsofreasons
√Applicable□NotapplicableI.Itemsofbalancesheetascomparedwiththebeginningofthisyear.
(1)Accountreceivable
Anincreaseof30.11millionyuanor31.13%overthebeginningoftheyear,Themainreasonistheincreaseintollrevenuespendingliquidation..
(2)Othernon-currentassets
Anincreaseof769.54millionyuanor92.57%overthebeginningoftheyear,MainlyduetotheimpactofthereclassificationofadvancepaymentsforreconstructionandexpansionprojectsbyGuangdongGuanghuiExpresswayCo.,Ltd.
(3)Taxesandfeespayable
Anincreaseof65.51millionyuanor37.51%overthebeginningoftheyear,Mainlyduetotheimpactoftheprovisionofincometaxbytheparentcompanyandeachsubsidiary.II.Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear
(1)FinancialexpensesThedecreaseof50.22millionyuanor209.74%overthesameperiodoflastyear,MainlyduetothecontrollingsubsidiaryGuangdongGuanghuiExpresswayCo.,Ltd.receivedinterestincomefromtimedepositsduringthecurrentperiod.
(2)LossofcreditimpairmentThedecreaseof326.69millionyuanor97.87%overthesameperiodoflastyear,MainlyduetotheholdingsubsidiaryGuangfoExpresswayCo.,Ltd.hadaclearsourceoffundsforadvancemaintenanceexpensesinthesameperiodlastyear,resultinginthereversalof342.94millionyuanofbaddebtprovisionsaccruedindividuallyforpreviouslyadvancedmaintenanceexpenses,whereasinthecurrentperiodwasnotaffectedbythisfactor.
(3)Netprofit
Thedecreaseof260.02millionyuanor29.35%overthesameperiodoflastyear,Mainlyduetothereversalofbaddebtprovisionsof342.94millionyuanbytheholdingsubsidiaryGuangfoExpresswayCo.,Ltd.inthesameperiodlastyear,aswellasthecombinedeffectsofincreasedoperatingincomeandreducedfinancialexpensesduringthecurrentperiod.
(4)OtherComprehensiveIncomeThedecreaseof15.65millionyuanor54.06%overthesameperiodoflastyear,MainlyduetothefairvalueoftheCompany'sholdingsinEverbrightBanksharesdeclinedinthecurrentperiod,andtheCompanyrecognizedanincreaseinothercomprehensiveincomebasedonitsequityinterestinGuoyuanSecurities,resultinginaYOYincreaseincomprehensiveincome.III.Notesofmainitemsofcashflowstatement
(1)CashreceivedfromrecoveringinvestmentInthecurrentperioditdecreasedby107.11millionyuanYOY,mainlybecauseinthesameperiodlastyear,thewholly-ownedsubsidiaryYuegaoCapitalHoldings(Guangzhou)Co.,Ltd.receivedthepaymentfortheequitytransferofHunanLianzhiTechnologyCo.,Ltd.,whichdidnotoccurinthecurrentperiod.
(2)CashreceivedfrominvestmentincomeItdecreasedby26.78millionyuanor50.44%YOY,Themainreasonisadecreaseindividendsreceivedfromshare-participatingcompanies.
(3)Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassetsItincreasedby733.81millionyuanor141.07%YOY,Themainreasonisanincreaseinexpenditurefortheexpansionandreconstructionprojectsofcontrollingsubsidiaries.
(4)CashreceivedfromloansItdecreasedby1,505millionyuanor69.84%YOY,Themainreasonisadecreaseintheamountofloansborrowedduringthecurrentperiod.
(5)CashpaidforsettlingdebtsItdecreasedby2,340.05millionyuanor97.40%YOY,Themainreasonisthatinthesameperiodlastyear,theCompany'sheadquarterandthesubsidiaryBeijingZhuhaiExpresswayGuangzhuSectionCompanyrepaidloansandmedium-termnotes.II.ShareholdersInformation(i)Totalnumberofcommonshareholdersandpreferenceshareholderswithvotingrightsrecoveredandtoptencommonshareholders
InShares
| Totalnumberofcommonshareholdersattheperiod-end | 53,905 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 | ||||
| Sharesheldbythetop10shareholders（Excludingshareslentthroughrefinancing) | |||||||
| Shareholdername | Propertiesofshareholder | Shareproportion% | Quantity | AmountoftradableshareswithConditionalheld | Pledgingorfreezing | ||
| Statusoftheshares | Quantity | ||||||
| GuangdongCommunicationGroupCo.,Ltd. | State-ownedlegalperson | 24.56% | 513,485,480 | 410,105,738 | Notapplicable | 0 | |
| GuangdongHighwayConstructionCo.,Ltd, | State-ownedlegalperson | 22.30% | 466,325,020 | 0 | Notapplicable | 0 | |
| ShangdongTonghuiCapitalInvestmentGroupCo.,Ltd. | State-ownedlegalperson | 9.68% | 202,429,927 | 0 | Notapplicable | 0 | |
| GuangdongProvincialFreewayCo.,Ltd. | State-ownedlegalperson | 2.53% | 52,937,491 | 19,582,228 | Notapplicable | 0 | |
| ChinaConstructionBank－ | Other | 2.04% | 42,564,029 | 0 | Not | 0 | |
| Huatai-PineBridgeCSIDividendLowVolatilityExchange-TradedOpen-EndIndexSecuritiesInvestmentFund | applicable | |||||||
| ChinaPacificLifeInsuranceCo.,Ltd.-ChinaPacificLifeEquityDividendProduct(LifeProprietaryTrading)EntrustedInvestment(ChangjiangPension) | Other | 1.83% | 38,312,274 | 0 | Notapplicable | 0 | ||
| ChinaMerchantsSecuritiesCo.,Ltd. | State-ownedlegalperson | 0.82% | 17,166,094 | 0 | Charge | 5,251,450 | ||
| OrientSecurities | State-ownedlegalperson | 0.78% | 16,314,748 | 0 | Notapplicable | 0 | ||
| XinyueCo.,Ltd. | Overseaslegalperson | 0.63% | 13,201,086 | 0 | Notapplicable | 0 | ||
| HKSCC | Overseaslegalperson | 0.62% | 13,001,793 | 0 | Notapplicable | 0 | ||
| SharesheldbytheTop10ShareholdersofNon-restrictedshares(ExcludingshareslentthroughrefinancingandTopmanagementlock-instock) | ||||||||
| Shareholders’Names | Numberofthenon-restrictedsharesheld | Sharetype | ||||||
| Sharetype | Quantity | |||||||
| GuangdongHighwayConstructionCo.,Ltd, | 466,325,020 | RMBCommonshares | 466,325,020 | |||||
| ShangdongTonghuiCapitalInvestmentGroupCo.,Ltd. | 202,429,927 | RMBCommonshares | 202,429,927 | |||||
| GuangdongCommunicationGroupCo.,Ltd. | 103,379,742 | RMBCommonshares | 103,379,742 | |||||
| ChinaConstructionBank－Huatai-PineBridgeCSIDividendLowVolatilityExchange-TradedOpen-EndIndexSecuritiesInvestmentFund | 42,564,029 | RMBCommonshares | 42,564,029 | |||||
| ChinaPacificLifeInsuranceCo.,Ltd.-ChinaPacificLifeEquityDividendProduct(LifeProprietaryTrading)EntrustedInvestment(ChangjiangPension) | 38,312,274 | RMBCommonshares | 38,312,274 | |||||
| GuangdongProvincialFreewayCo.,Ltd. | 33,355,263 | RMBCommonshares | 33,355,263 | |||||
| ChinaMerchantsSecuritiesCo.,Ltd. | 17,166,094 | RMBCommonshares | 17,166,094 | |||||
| OrientSecurities | 16,314,748 | RMBCommonshares | 16,314,748 | |||||
| XinyueCo.,Ltd. | 13,201,086 | Foreignsharesplacedindomesticexchange | 13,201,086 | |||||
| HKSCC | 13,001,793 | RMBCommonshares | 13,001,793 | |||||
| Relatedoracting-in-concertpartiesamongshareholdersabove | GuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd.，GuangdongProvincialFreewayCo.,Ltd.andXinyueCo.,Ltd.,ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformation | |||||||
| aboutChangeinShareholdingofShareholdersofListedCompanies. | |
| Participationoftop10unconditionalcommonshareshareholdersinsecuritiesmargintrading(ifany) | None |
Informationofshareholdersholdingmorethan5%oftheshares,thetop10shareholdersandthetop10shareholdersofunrestrictedtradablesharesparticipatinginthelendingofsharesinsecuritieslendingandborrowingbusiness
□Applicable?NotapplicableThetop10shareholdersandthetop10shareholdersofunrestrictedtradableshareshavechangedcomparedwiththepreviousperiodduetothesecuritieslending/returning,
□Applicable?Notapplicable(ii)Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable?NotapplicableIII.Otherimportantmatters
□Applicable?NotapplicableIV.Quarterlyfinancialstatements（i）Financialstatement
1.ConsolidatedbalancesheetPreparedby：GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
InRMB
| Item | Endingbalance | Openingbalance |
| Currentasset： | ||
| Monetaryfund | 7,043,882,769.90 | 6,545,379,942.11 |
| Settlementprovision | ||
| Outgoingcallloan | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 126,805,323.25 | 96,702,638.20 |
| Financingreceivable | ||
| Prepayments | 6,354,677.17 | 9,701,427.59 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 662,427,595.41 | 607,031,326.53 |
| Including：Interestreceivable | ||
| Dividendreceivable | 77,581,050.32 | 0.00 |
| Repurchasingoffinancialassets |
| Item | Endingbalance | Openingbalance |
| Inventories | ||
| Including：Dataresources | ||
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | ||
| Othercurrentasset | 8,683,142.94 | 7,909,725.13 |
| Totalofcurrentassets | 7,848,153,508.67 | 7,266,725,059.56 |
| Non-currentassets： | ||
| Loansandpaymentonother’sbehalfdisbursed | ||
| Creditor'sInvestment | ||
| OtherCreditor'sInvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 4,347,674,796.45 | 4,362,638,936.45 |
| Otherequityinstrumentsinvestment | 824,781,882.33 | 890,653,266.65 |
| Othernon-currentfinancialassets | 195,219,767.35 | 195,219,767.35 |
| Propertyinvestment | 1,949,513.36 | 2,004,792.98 |
| Fixedassets | 8,018,228,088.02 | 8,268,301,855.93 |
| Constructioninprogress | 5,222,664,906.24 | 4,760,350,219.82 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | 1,374,045.22 | 3,850,889.14 |
| Intangibleassets | 172,621,441.43 | 178,707,658.07 |
| Including：Dataresources | 2,380,000.00 | 2,507,500.00 |
| Developmentexpenses | ||
| Including：Dataresources | ||
| Goodwill | ||
| Long-germexpensestobeamortized | ||
| Deferredincometaxasset | 31,688,201.87 | 31,138,740.44 |
| Othernon-currentasset | 1,600,859,538.15 | 831,323,224.43 |
| Totalofnon-currentassets | 20,417,062,180.42 | 19,524,189,351.26 |
| Totalofassets | 28,265,215,689.09 | 26,790,914,410.82 |
| Currentliabilities | ||
| Short-termloans | 259,163,958.01 | 259,163,958.03 |
| LoanfromCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 155,678,614.32 | 219,716,016.18 |
| Advancereceipts | 527,625.00 | 276,083.20 |
| Contractliabilities | ||
| Sellingofrepurchasedfinancialassets | ||
| Deposittakingandinterbankdeposit | ||
| Entrustedtradingofsecurities | ||
| Entrustedsellingofsecurities |
| Item | Endingbalance | Openingbalance |
| Employees’wagepayable | 20,984,436.88 | 22,045,085.09 |
| Taxpayable | 240,170,906.20 | 174,658,322.38 |
| Otheraccountpayable | 666,160,332.49 | 292,377,860.50 |
| Including：Interestpayable | ||
| Dividendpayable | 35,609,240.86 | 36,900,482.45 |
| Feesandcommissionspayable | ||
| Reinsurancefeepayable | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 260,601,040.10 | 293,845,219.93 |
| Othercurrentliability | 163,225.27 | 123,420.61 |
| Totalofcurrentliability | 1,603,450,138.27 | 1,262,205,965.92 |
| Non-currentliabilities： | ||
| Reservefundforinsurancecontracts | ||
| Long-termloan | 10,655,022,138.04 | 10,036,331,513.04 |
| Bondpayable | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | 75,448.77 | 0.00 |
| Long-termpayable | 2,022,210.11 | 2,022,210.11 |
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 1,042,956,627.79 | 994,833,116.03 |
| Deferredincometaxliability | 274,535,083.84 | 291,774,306.12 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 11,974,611,508.55 | 11,324,961,145.30 |
| Totalofliability | 13,578,061,646.82 | 12,587,167,111.22 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 782,913,494.32 | 782,912,515.57 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 209,291,212.13 | 253,875,915.99 |
| Specialreserve | ||
| Surplusreserves | 1,870,662,965.01 | 1,870,662,965.01 |
| Commonriskprovision | ||
| Retainedprofit | 6,569,729,195.71 | 6,117,843,453.22 |
| Totalofowner’sequitybelongtotheparentcompany | 11,523,402,993.17 | 11,116,100,975.79 |
| Minorityshareholders’equity | 3,163,751,049.10 | 3,087,646,323.81 |
| Totalofowners’equity | 14,687,154,042.27 | 14,203,747,299.60 |
| Totalofliabilitiesandowners’equity | 28,265,215,689.09 | 26,790,914,410.82 |
LegalRepresentative:MiaoDeshanPersoninchargeofaccounting：LuMingPersoninchargeofaccountingorgan:YanXiaohong
2.ConsolidatedIncomeStatement
InRMB
| Item | Currentperiod | Lastperiod |
| I.Incomefromthekeybusiness | 1,078,049,945.69 | 1,049,919,860.48 |
| Including：Businessincome | 1,078,049,945.69 | 1,049,919,860.48 |
| Interestincome | ||
| Insurancefeeearned | ||
| Feeandcommissionreceived | ||
| II.Totalbusinesscost | 362,097,893.67 | 407,481,347.85 |
| Including：Businesscost | 342,608,678.17 | 338,635,448.36 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Netamountofwithdrawalofinsurancecontractreserve | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 4,274,113.69 | 4,466,278.48 |
| Salesexpense | ||
| Administrativeexpense | 41,491,418.01 | 40,089,667.30 |
| R&Dcosts | 0.00 | 346,586.56 |
| Financialexpenses | -26,276,316.20 | 23,943,367.15 |
| Including：Interestexpense | 39,996,779.95 | 32,850,030.82 |
| Interestincome | 66,306,372.63 | 8,956,507.39 |
| Add:Otherincome | 775,488.69 | 1,127,804.85 |
| Investmentgain（“-”forloss） | 84,018,394.61 | 74,072,953.26 |
| Including:investmentgainsfromaffiliates | 57,797,097.19 | 49,606,439.08 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | 7,104,317.28 | 333,794,178.81 |
| Impairmentlossofassets | ||
| Assetsdisposalincome | -257,946.49 | |
| III.Operationalprofit（“-”forloss） | 807,592,306.11 | 1,051,433,449.55 |
| Add：Non-operationalincome | 1,678,554.32 | 650,252.30 |
| Less:Non-operatingexpense | 397,075.25 | 678,192.15 |
| Item | Currentperiod | Lastperiod |
| IV.Totalprofit(“-”forloss) | 808,873,785.18 | 1,051,405,509.70 |
| Less：Incometaxexpenses | 182,883,317.40 | 165,393,595.18 |
| V.Netprofit | 625,990,467.78 | 886,011,914.52 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | 625,990,467.78 | 886,011,914.52 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| 1.Netprofitattributabletotheownersofparentcompany | 451,885,742.49 | 657,482,517.83 |
| 2.Minorityshareholders’equity | 174,104,725.29 | 228,529,396.69 |
| VI.Netafter-taxofothercomprehensiveincome | -44,584,703.86 | -28,939,230.17 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | -44,584,703.86 | -28,939,230.17 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -46,468,740.04 | -12,377,325.98 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | 2,934,798.20 | 3,502,382.74 |
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -49,403,538.24 | -15,879,708.72 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | 1,884,036.18 | -16,561,904.19 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | 1,884,036.18 | -16,561,904.19 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | 581,405,763.92 | 857,072,684.35 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 407,301,038.63 | 628,543,287.66 |
| Totalcomprehensiveincomeattributableminorityshareholders | 174,104,725.29 | 228,529,396.69 |
| VIII.Earningspershare | ||
| （I）Basicearningspershare | 0.22 | 0.31 |
| (II)Dilutedearningspershare | 0.22 | 0.31 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:MiaoDeshanPersoninchargeofaccounting：LuMingPersoninchargeofaccountingorgan:YanXiaohong
3.ConsolidatedCashflowstatement
InRMB
| Item | Currentperiod | Lastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 1,078,329,856.02 | 1,038,833,821.80 |
| Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
| Netincreaseofloansfromcentralbank | ||
| Netincreaseofinter-bankloansfromotherfinancialbodies | ||
| Cashreceivedagainstoriginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofclientdepositandinvestment | ||
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofinter-bankfundreceived | ||
| Netincreaseofrepurchasingbusiness | ||
| Netcashreceivedbyagentinsecuritiestrading | ||
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 572,282,237.02 | 692,535,548.90 |
| Sub-totalofcashinflow | 1,650,612,093.04 | 1,731,369,370.70 |
| Cashpaidforpurchasingofmerchandiseandservices | 64,233,127.46 | 57,702,696.63 |
| Netincreaseofclienttradeandadvance | ||
| Netincreaseofsavingsincentralbankandbrothercompany | ||
| Cashpaidfororiginalcontractclaim | ||
| NetincreaseforOutgoingcallloan | ||
| Cashpaidforinterest,processingfeeandcommission | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtostaffsorpaidforstaffs | 115,507,663.42 | 117,462,236.47 |
| Taxespaid | 155,905,453.70 | 131,685,911.17 |
| Othercashpaidforbusinessactivities | 17,386,882.17 | 19,735,441.11 |
| Sub-totalofcashoutflowfrombusinessactivities | 353,033,126.75 | 326,586,285.38 |
| Netcashgeneratedfrom/usedinoperatingactivities | 1,297,578,966.29 | 1,404,783,085.32 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | 0.00 | 107,111,100.00 |
| Cashreceivedasinvestmentgains | 26,312,469.12 | 53,088,314.76 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 433,893.00 | 38,881.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | 47,730.00 | 4,422.50 |
| Sub-totalofcashinflowduetoinvestmentactivities | 26,794,092.12 | 160,242,718.26 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 1,253,970,419.41 | 520,162,310.59 |
| Cashpaidasinvestment | ||
| Netincreaseofloanagainstpledge | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities |
| Item | Currentperiod | Lastperiod |
| Sub-totalofcashoutflowduetoinvestmentactivities | 1,253,970,419.41 | 520,162,310.59 |
| Netcashflowgeneratedbyinvestment | -1,227,176,327.29 | -359,919,592.33 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | 0.00 | 35,000,000.00 |
| Including:Cashreceivedasinvestmentfromminorshareholders | 0.00 | 35,000,000.00 |
| Cashreceivedasloans | 650,000,000.00 | 2,155,000,000.00 |
| Otherfinancing–relatedcashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 650,000,000.00 | 2,190,000,000.00 |
| Cashtorepaydebts | 62,398,750.00 | 2,402,446,800.00 |
| Cashpaidasdividend,profit,orinterests | 162,717,548.61 | 170,386,547.17 |
| Including:Dividendandprofitpaidbysubsidiariestominorshareholders | 98,000,000.00 | 103,600,000.00 |
| Othercashpaidforfinancingactivities | 2,906,080.83 | 2,822,352.15 |
| Sub-totalofcashoutflowduetofinancingactivities | 228,022,379.44 | 2,575,655,699.32 |
| Netcashflowgeneratedbyfinancing | 421,977,620.56 | -385,655,699.32 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 492,380,259.56 | 659,207,793.67 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 6,492,074,956.46 | 4,259,653,084.58 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 6,984,455,216.02 | 4,918,860,878.25 |
（ii）TheCompanystartedimplementingtheupdatedaccountingstandardscommencingfrom2026andadjustedtherelevantitemsinthefinancialstatementsatthebeginningoftheveryyearinvolvedintheinitialimplementationofthesaidstandards
□Applicable?Notapplicable(iii)Auditors'ReportIstheFirstQuarterlyReportbeaudited?
□Yes√NoTheFirstQuarterlyreportisnotaudited.
TheBoardofDirectorsofGuangdongProvincialExpresswayDevelopmentCo.,Ltd.
April30,2026