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2021 Interim Results Preliminary Announcement

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2021 Interim Results Preliminary Announcement Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 深圳高速公路股份有限公司 SHENZHEN EXPRESSWAY COMPANY LIMITED (a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 00548) 2021 Interim Results Preliminary Announcement I. Important Notice 1.1 Important Notice 2021 Interim Results Preliminary Announcement of the Company is extracted from full Interim Report 2021 of the Company. For detailed information, investor shall read the full interim report to be published on the website of SSE at http://www.sse.com.cn and HKEx at http://www.hkexnews.com.hk. The 2021 interim financial statements of the Company were prepared in accordance with CASBE, and also were complied with the disclosure requirements under the Hong Kong Companies Ordinance and the Listing Rules. Unless otherwise stated, the amounts stated in this announcement are in RMB. 1.2 Basic Information of the Company Type of share A Share H Share Abbreviation Shenzhen Expressway Shenzhen Expressway Stock code 600548 00548 Listing exchanges SSE HKEx Contacts and details Secretary of the Board Securities Officer Name GONG Tao Tao GONG Xin, XIAO Wei Telephone (86) 755-8285 3330 (86) 755-8285 3338 Fax (86) 755-8285 3400 E-mail [email protected] - 1 - II. Interim Profit Distribution Proposal The Board does not recommend any payment of 2021 interim dividend (2020 Interim: Nil), nor does it recommend any conversion of capital reserve into share capital. III. Principal Financial Data and Information of the Shareholders 3.1 Principal Financial Data During the Reporting Period, the Group recorded revenue of RMB4,211,138,000, representing a YOY increase of 142.50%, mainly due to the Toll-free Policy during the Epidemic in the corresponding period of last year, resulting in a YOY increase of 119.81% in the toll revenue of the Group’s comparable ancillary toll highways for the current period. Moreover, Guilong Development Project, the environmental protection business and the newly opened Outer Ring Phase I also contributed to the growth of the Group’s revenue. In the first half of 2021, the Group recorded net profit attributable to owners of the Company “( net profit”) of RMB1,219,331,000 (2020 interim (restated): RMB52,679,000), representing a YOY increase of 2,214.65%, mainly due to the Toll-free Policy during the Epidemic resulting in the decrease in the toll revenue from toll highways operated and invested by the Group in the corresponding period of last year. Unit: RMB As at 31 Dec 2020 As at 30 Jun 2021 (Audited) Change (Unaudited) (%) After adjustment Before adjustment Total assets 57,329,026,624.77 55,144,962,042.63 55,144,962,042.63 3.96 Owners’ equity attributable to 23,241,957,173.15 23,042,941,782.92 23,042,941,782.92 0.86 owners of the Company 2020 Interim 2021 Interim (Unaudited) Change (Unaudited) (%) After adjustment Before adjustment Revenue 4,211,137,979.84 1,736,562,664.28 1,686,872,482.94 142.50 Net profit attributable to owners of the Company/(loss 1,219,331,455.86 52,678,854.97 43,922,935.74 2,214.65 shown with“-”) Net profit attributable to owners of the Company 1,188,909,972.81 -11,753,811.56 -11,753,811.56 N/A - excluding non-recurring items/(loss shown with“-”) Net cash flows from operating 1,733,606,302.66 -15,013,487.59 -157,417,600.95 N/A activities Return on equity - weighted Increase 5.79 0.29 0.24 average (%) 5.50 pct.pt Earnings per share - basic (RMB/share) /(loss shown 0.517 0.024 0.020 2,054.17 with“-”) Earnings per share - diluted (RMB/share) /(loss shown 0.517 0.024 0.020 2,054.17 with“-”) 1. At the end of November 2020, Longda Company was consolidated into the Group’s financial statements as entity under common control. According to the relevant requirements of the accounting standards for business enterprises, the Company retroactively adjusted the data of the consolidated financial statements for the same period of last year. 2. The Company carried out financing by issuance of the RMB4 billion perpetual bonds in December 2020, which were included in other equity instruments. According to relevant regulations, the impact of the perpetual bonds has been deducted in the calculation of the above earnings per share and weighted average return on net assets. - 2 - 3.2 Information of the Total Number of Shareholders and the Top Ten Shareholders As at the end of the Reporting Period, based on the shareholders’ registers provided by the share registrars and the transfer offices of the Company in the PRC and Hong Kong, the information of the total number of shareholders and the top ten shareholders of the Company were as follows: Unit: share Total number of shareholders The Company had 18,587 shareholders in total, as at the end of the Reporting Period including 18,348 holders of A Shares and 239 holders of H Shares. The top ten shareholders as at the end of the Reporting Period Number of Number of Nature of Number of restricted Name of shareholder Percentage shares pledged shareholders shares held circulating or frozen shares held Overseas HKSCC NOMINEES LIMITED note 33.46% 729,704,042 － Unknown legal person Xin Tong Chan Development (Shenzhen) State-owned 30.03% 654,780,000 － None Company Limited legal person Shenzhen Shen Guang Hui Highway Development State-owned 18.87% 411,459,887 － None Company Limited legal person China Merchants Expressway Network ＆ State-owned 4.18% 91,092,743 － None Technology Holdings Co.,Ltd. legal person Guangdong Roads and Bridges Construction State-owned 2.84% 61,948,790 － None Development Company Limited legal person Domestic China Merchants Bank - SSE Dividend Trading non-state-owned 1.67% 36,423,660 － Unknown Open Index Securities Investment Fund legal person Domestic Hong Kong Central Clearing Company Limited non-state-owned 0.53% 11,529,040 － Unknown legal person Overseas natural AU SIU KWOK 0.50% 11,000,000 － Unknown person Domestic natural MO JING XIAN 0.48% 10,574,590 － Unknown person Domestic natural ZHANG PING YING 0.35% 7,709,665 － Unknown person XTC Company and SGH Company are connected persons under the same control of Shenzhen International. Connected relationship or There is no connected relationship among the state-owned shareholders concerted action relationship in the above table. The Company did not notice any connected among the abovementioned shareholders relationship among the other abovementioned shareholders or any connected relationship among the abovementioned state-owned shareholders and other shareholders. Note: The H shares held by HKSCC NOMINEES LIMITED were held on behalf of various clients. - 3 - IV. Management Discussion and Analysis In order to achieve the Company’s strategic goal of transformation and upgrading, in addition to upgrading and consolidating the core business of toll highway, the Group prudently seeks opportunities for cooperation with leading and branded enterprises in the general-environmental protection industry to enter the environmental protection and clean energy business sector from a high starting point, thereby establishing the current business landscape with toll highway and general-environmental protection as its dual core businesses. In recent years, the Group adheres to a market-oriented, specialised and industrialised approach to continuously adjust and integrate its internal organisational structure and functions. It has gradually established various business platforms for urban infrastructure, environmental protection, operation, construction and new energy which include the Investment Company, a company principally engages in the business of expanding infrastructure construction market as well as joint comprehensive development of land; the Operation Development Company, a company principally engages in the provision of highway operation, maintenance management services and intelligent transportation business; the Environmental Company, a company principally engages in the expansion of businesses relating to the environmental protection industry such as recovery and solid waste management; the Construction Development Company, a company principally engages in the provision of project construction management services; the Infrastructure and Environmental Protection Company, a company, located in the Shenshan Special Cooperation Zone, engages in the provision of large-scale infrastructure construction management services for the cooperation zone and the project investment within the cooperation zone, and the New Energy Company, a company principally engages in the expansion of businesses relating to wind energy and other new energy. The Group has also set up the industry financial management department in 2020, which would act as a consolidated management platform of the Group for the industrial-financial integration business. Through the aforesaid business platform, the Group will give full play to its own competitive advantages in infrastructure investment and finance, construction, operation and integrated management. The Group will also actively extend its business scope to the upstream and downstream of the industrial chain of its dual core businesses and develop other service-oriented businesses, such as operation maintenance, intelligent transportation / environmental protection system, engineering consulting, urban comprehensive services and industrial finance, striving for greater rooms for the development of the Group’s operation. 4.1 Business Review At the current stage, the Group’s revenues and profits are mainly derived from toll highway operations and investments, and the profit contribution of environmental protection and new energy business is gradually emerging. In addition, the Group provides outstanding construction management and highway operation management services for the government and other enterprises.
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