越秀交通基建年度报告2025

234614206163668297103104105107108110200 24 524.2641.483.5607.7 100%90%100%100%55%100%100%30%35%24.30%(1)27.78%(2)30%23.63%45% 11 234 5867 9 10 111221314 185% 224 42.5(G4)105106 324114 42.1 22.024 15.8 6.5 215.2 499522 98.1 36.01323(G4)(G50) 54.8 109.7 38.5(G4) (G4)(G45)(G0421)(G55)(G36)(G30)64.3 (G30)(S82)(S60)(G45)61.0 (G55)(S49)(S88)(S83)106.5 46.5 (G80)22 —(G1011)60.68 85% 43.312.0%5.3318.9%7.128.4%4.63 0.130.120.250.223670.2% (GDP)5.0%140 3.62,0008,00090051710.3%114.95973.2%274,1164.6%432.979,510.7 12.0% 1,153.585%——G1011 Baa2BBB GDP4.5%5.0% 40944.3%87.364.2%202520264%5% REITs 1. 43.312.0%37.4514.8%7.128.4% 2. 85%100%20 3. 4. 5. AI (2)55% (GDP)1,401,8795.0% 3.9%5.1%4.8%5.5%5.6% GDP4.5%5.0% 7.128.4% 22%+7 AIAI98%+10 1.211.6% ETC99.65%98.55% 1741398 1,153.585%1212.8 AI 2 123 1 (1)97% (2) (3) (4) 2 3 4 (1)55% (2)a.86b.64c.64d.86 (3)18.446% (4)a.1b.79 (5)2525 (6)24 (7) (8)109.7 (9)AB 278.61.9%299,4941.3% 27.31.8%17,6520.4% 72.32.1%71,8890.2% 89.93.3%25,8751.7% 78.62.4%32,7202.8% 55% 144.11.5%37,5444.5% 197.10.2%30,4772.9% 83.822.9%52,3062.5% 86.522.5%58,91113.9% 105.84.1%28,39920.0% ETC19 59.71.2%33,6523.9% 137.41.5%95,9860.1% 220.814.3%83,76613.2% 29.03.2%18,4032.9% 188.18.8%52,7597.0% 12.610.2%32223.9% 10.56.4 12.0%43.315.2%13.918.9%5.33 4.75 18.9%1.79 0.130.11450.130.120.120.10910.120.10970.250.22360.250.229770.2%58.5% 43.342.58,234 42.537.912.2% (2)60% 8,2348,0894,0153,8173,3613,493 24.220.219.6%24.155.9%3.6 19.118.43.6%18.944.1%3.6 (1)(2)55%(3)60% 2.782.986.9% 2.419,7092.652.6566,584 2,2362,97824.9% 2,5334.8111.6%4.252.51%2.92% 49.2%1.61.074,292 1.9%7,094141.4%2,334REIT0.2%86620.0%6471,5891,8072684,5604.1%6,933 3.3320.1%2.66 5.336.5718.9%1.79 (2)55% (3)60% 49.2%1.61.074,292 7271,8198664582,4066,584 0.130.11450.130.120.120.10910.120.10970.250.22360.250.229770.2%58.5% 374.00.3%307.5316.319.520.129.719.8 215.82.4%95.1111.59.995.065.156.11.01.028.529.9 4.20158.3154.1120.0118.5 29.719.899.8% 30.826.634.930.04.143.37 8.7213.010.516.49001.652.132,2943,001250,000248,0009,398 12.217.626.311.318.034.73.824.224.375.383.213.891.01.01,2351,22220.01,00026.942.89.8419.34.991.01.01.92 0.50.433.622.563.552.629.719.849.137.018.925.25.019.118.0 9.06.9 22.0%18.9% 4.43.7 9.06.6 10.516.4(1)6.635.37(2)3.734.59(3)1,5392,7706.14 (1)(2)100%109.720 170.2172.695.1111.59.995.065.156.199.7%0.3%99.7%0.3%43.9%50.9%2.40%2.72%92.32.772.42%2.70%3.84%1.8%2.91%3.97%1.93%2.87%1.56%1.69%2.31%2.64% 100.0% 82.281.4 2,2672,076 13.21 (i) (ii)30% (iii) 5,000 20252024ESG2025IADA The International Annual Report Design Awards:1.Integrated presentationSilver2.Cover designSilver3.Interior designBronze 20 47123000987.SZ 47662620 54123Housemaster Holdings Limited 48 5017 8030 78393123 64 57GLP 13.51B(1) C1 C.2.1 C.2.1 83(www.yuexiutransportinfrastructure.com) 3.09D (1)(2)(3)(4)(5) ESGESG (1)(2)(3)3.09F C.2.1 (www.yuexiutransportinfrastructure.com) (a) (b) (c) 1,2601,007 (a) (b) (c) (d) C3 123662640515 2,980,000969,000 2932 13 571 www.yuexiutransportinfrastructure.com 2174(3)3100 (1) (2) 16017A (3) 50%60% 103 愨1617 2060 23 41 2,589,048,0001,881,483,000 6365 99102 39(A)8 37(b)(c) 178 151,061,372,0001,262,996,00037(c)14A 11,815,00012,275,00012,757,0008,093,0002,246,00037(b) 14A (a)(b)(c) 300074014A.56(i)(ii)(iii)(iv) 3068,023,122200 3069,094,417190 14.2214A.8114A37(b) 50%536,170,000 14A.10114 85% 85%1,153.50(G1011) 14A14 30723,192,596 14A.10114 T4 3714A 1325 26.924.992829 XV352 (1)1,673,162,295(2)264,000164,000100,000(3) 4,025,392,913 XV352 336 (1)(2)113,266,0001752,792,20044.99% (2)739,526,2008,653Housemaster Holdings LimitedGreenwood Pacific Limited739,517,547 (3)250,975,000224,684,00026,291,000 (4)1,673,162,295 336 1. 2. 3. (i)(ii)5%(iii)(i)(ii) 4. 1.00 5. (a)(b)(c) 6. 1710%167,316,229159,367,100163,944,164 163,993,8529.80% 7. (12)1% (a)17.02(2)(d)17.02(4) (c) 8. (28) 9. 1.41025% 2.41025% 3.41025% 4. (i)25% (A)(I)22.55%(II)(B)(I) 4.65%(II)(C)85%(D)30%(E)(I)(II)(III) (ii)25% (A)25%B8025%(B)(I)(II)(III) 5.6. 30% Ernst & Young27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 103199 90 P04796 1 Clarendon House, 2 ChurchStreet, Hamilton, HM 11, Bermuda16017A 2 (a) (i) (ii) 2,988,904,0001,992,201,0002,594,725,0001,132,712,000 (iii) 2 (a) (iv) 21 1028*211819979711179107 2 (a) (iv) 18111818818733341818 18 2 (b) (i) (ii) 20%50%2(b)(iv) (iii) 11 2(b)(iv) 2 (b) (iv) 2(k) (v) 2 (b) (vi) (c) 2 (d) (e) (i) (ii) 2 (e) (iii) (iv) 2 (f) (g) 2(k) 2 (h) 5 (i) 2(k) (j) 2 (k) (l) (i) 2 (l) (ii) (iii) 2 (l) (iii) (m) 93.1(b) (n) 3030 (o) (p) (q) 12 2 (r) (s) (t) 2 (u) 2 (v) (w) 2 (w) 1212 (x) 2 (y) (i)(ii)(iii) 2 (y) (iv)(v) (z) (aa) (ab) 2 (ac) (a)(i)(ii)(iii)(b)(i)(ii)(iii)(iv)(v)(vi)(a)(vii)(a)(i)(viii) 2 (ad