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2020 Semi-Annual Report of Shandong Hi- Speed Company Limited

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2020 Semi-Annual Report of Shandong Hi- Speed Company Limited Semi-annual Report for 2020 Company Code: 600350 Abbreviation of Company: SDHS 2020 Semi-annual Report of Shandong Hi- speed Company Limited 1 / 251 Semi-annual Report for 2020 Notes I. The Board of Directors, Board of Supervisors, directors, supervisors and executives of the Company guarantee the truthfulness, accuracy and completeness without any false or misleading statements or material omissions herein, and shall bear joint and several legal liabilities. II. All directors of the Company attended the Board meeting. III. The semi-annual report has not been audited. IV. Sai Zhiyi, the Company leader, Lyu Sizhong, the person in charge of accounting work, Zhou Liang, the chief accountant, and Chen Fang, the person in charge of accounting organization (accountant in charge) hereby declare that the financial statement in the semi-annual report is true, accurate and complete. V. The profit distribution plan or common reserves capitalizing plan during the reporting period reviewed by the Board of Directors In the first half of 2020, the Company will not make profit distribution and common reserves capitalizing. VI. Risk declaration of forward-looking statements √ Applicable □ Not applicable The Company declares that the “forward-looking statements” of development strategies, future operation plans and so on herein do not constitute material commitment of the Company to investors, and we request investors to pay attention to investment risks. There is no obligation on the Company to update or amend any forward-looking statement therein in public for any new information, future event for other reasons; there is no responsibility on the Company and other employee or contact of the Company for any commitment statement of the future performance of the Company or any such statement. VII. Whether the Company's controlling shareholder or any of its affiliates misappropriates the Company's funds for non-operating purposes? No VIII. Whether the Company provides external guarantees in violation of the stipulated decision- making procedures? No 2 / 251 Semi-annual Report for 2020 IX. Major risk warning The Company has detailed and analyzed the possible latent risks in the operation and development of the Company and proposed risk precaution measures in the section of "Operation Discussion and Analysis" herein, and we request investors' attention. X. Others √ Applicable □ Not applicable 3 / 251 Semi-annual Report for 2020 CONTENTS Section I Definitions .................................................................................................................... 5 Section II Company Profile and Major Financial Indicators ................................................... 7 Section III Business Summary of the Company ........................................................................ 12 Section IV Operation Discussion and Analysis ......................................................................... 15 Section V Material Matters ....................................................................................................... 34 Section VI Changes in Ordinary Shares and Shareholders ...................................................... 64 Section VII Related Situation of Preferred Shares ..................................................................... 68 Section VIII Directors, Supervisors, Senior Management .......................................................... 68 Section IX Relevant Situation of Corporate Bonds .................................................................. 71 Section X Financial Statement .................................................................................................. 71 Section XI List of Documents Available for Inspection .......................................................... 252 4 / 251 Semi-annual Report for 2020 Section I Definitions In the report, unless the context otherwise requires, the following expressions shall have the following definitions: Definitions of Frequently-used Terms The Company, the Group, Company, refer to Shandong Hi-speed Company Limited Shandong Hi-Speed Shandong Hi-Speed Group, Hi-Speed Group, refer to Shandong Hi-Speed Group Co., Ltd. Group Company China Merchants Expressway, CMET, China refer to China Merchants Expressway Network & Merchants Huajian Technology Holdings Co., Ltd. Xuyu Company refer to Shandong Hi-Speed Henan Xuyu Highway Co., Ltd. Weilai Company refer to Shandong Hi-Speed Weilai Highway Co., Ltd Yunguan Company refer to Shandong Hi-Speed Highway Operation Management Co., Ltd. Investment Company refer to Shandong Hi-Speed Investment Development Co., Ltd. Jinan Construction Company refer to Shandong Hi-Speed Jinan Investment Co., Ltd. Zhangqiu Company refer to Shandong Hi-Speed Zhangqiu Property Development Co., Ltd. Industrial Corporation refer to Shandong Hi-Speed Industrial Development Co., Ltd. Shengbang Company refer to Jinan Shengbang Real Estate Co., Ltd. Xicheng Real Estate refer to Shandong Hi-Speed Xicheng Property Co., Ltd. Huibo Real Estate refer to Jinan Huibo Real Estate Co., Ltd. Jitai Mining refer to Shandong Hi-Speed Jitai Mining Investment Co., Ltd. Environmental Technology refer to Shandong Hi-speed Environmental Technology Co., Ltd. Henan Development Company, Henan refer to Shandong Hi-Speed Henan Development Co., Company Ltd. Hengshao Company refer to Hunan Hengshao Expressway Co., Ltd. Shenzhen Company refer to Shandong Hi-Speed (Shenzhen) Investment Co., Ltd. Hesheng Company, Yantai Hesheng refer to Yantai Hesheng Real Estate Development Co., Ltd. Lijin Bridge Company refer to Shandong Lijin Huanghe Highway and Bridge Co., Ltd. Transport Service Company refer to Shandong Hi-Speed Qilu Construction Transport Administration Service Co., Ltd. Weihai Shanghang refer to Weihai City Commercial Bank Dongxing Securities refer to Dongxing Securities Company, Ltd. Changying Company refer to Shandong Hi-Speed Changying Equity Investment Management Co., Ltd. Fulongma refer to Fujian Longma Environmental Sanitation Equipment Co., Ltd. Wujing Company refer to Hubei Wujing Expressway Development Co., Ltd Changying Jinpeng refer to Qingdao Changying Jinpeng Investment Partnership (Limited Partnership) Changying Jinhai refer to Jinan Changying Jinhai Investment Partnership 5 / 251 Semi-annual Report for 2020 (Limited Partnership) Changying Jin'an refer to Jinan Changying Jin'an Investment Partnership (Limited Partnership) Changying Jincheng refer to Jinan Changying Jincheng Equity Investment Partnership (Limited Partnership) Puyuan Real Estate refer to Jinan Puyuan Property Co., Ltd. Reconstruction and Extension of Jinan- refer to Jinan-Qingdao Expressway Reconstruction and Qingdao Expressway, Reconstruction and Extension Project Extension Project of Jinan-Qingdao Expressway Reconstruction and Extension of Dezhou- refer to Reconstruction and Extension Project of Qihe Section of Beijing-Taibei Expressway, Dezhou(border Between Shandong and Reconstruction and Extension of Beijing- Hebei)-Qihe Section of Beijing-Taibei Taibei Expressway, Reconstruction and Expressway Extension Project of Dezhou-Qihe Section of Beijing-Taibei Expressway, Reconstruction and Extension Project of Beijing-Taibei Expressway Jijin Company refer to Jiyuan City Jijin Expressway Co., Ltd. Logistics Group refer to Shandong High-Speed Logistics Group Co., Ltd. Sichuan Company refer to Shandong Hi-speed Sichuan Industrial Development Co., Ltd. ShineWing refer to Shinewing Certified Public Accountants (Special Partnership) Rail Transit, Rail Transit Group refer to Shandong Hi-Speed Rail Transit Group Co., Ltd. Construction Management Group refer to Shandong Hi-Speed Construction Management Group Co., Ltd Luyu Company refer to Luzhou Southeast Expressway Development Co., Ltd. 6 / 251 Semi-annual Report for 2020 Section II Company Profile and Major Financial Indicators I. Company Information Chinese Name of the Company Shandong Hi-speed Company Limited Abbreviation of Chinese Name 山东高速 English Name of the Company Shandong Hi-speed Company Limited Abbreviation of English Name of the SDHS Company Legal Representatives of the Company Sai Zhiyi II. Contact Person and Contact Information Secretary of Board of Directors Representative of Securities Affairs Name Sui Rongchang Cheng Huai Contact Address No. 5006 Aoti Middle Road, No. 5006 Aoti Middle Road, Jinan, Shandong, P. R. C. Jinan, Shandong, P. R. C. Tel 0531-89260052 0531-89260052 Fax 0531-89260050 0531-89260050 E-mail sdhs@sdecl. com. cn sdhs@sdecl. com. cn III. Change on Basic Information Registered Address of the Company Block A, Qixing Jixiang Building, No. 29 Wenhua East Road, Jinan, Shandong, China Postal Code of the Registered Address 250014 Office Address No. 5006 Aoti Middle Road, Jinan, Shandong, P. R. C. Postal Code of the Office Address 250101 Company Website http: www. sdecl. com. cn E-mail sdhs@sdecl. com. cn IV. Change on Information Disclosure and Place for Inspection Name of Newspapers Designated for Information China Securities Journal, Shanghai Securities Disclosure News, Securities Times Website Designated by CSRC for Publishing the www.sse.com.cn Semi-annual Report Place for Inspection of Semi-annual Report No. 5006, Aoti Middle Road, Jinan City, Shandong Province, Shanghai Stock Exchange V. Basic Information of the Company's Shares Place of Listing Stock Type of Stock of the Company's Stock Abbreviation Abbreviation Shares Code Shares Before Change A Share Shanghai Stock 山东高速 600350 Shandong Exchange Infrastructure VI. Other Relevant Information □ Applicable √ Not applicable
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