OVERSEAS REGULATORY ANNOUNCEMENT
THIRD QUARTERLY REPORT FOR 2021
In accordance with the requirements of the Shanghai Stock Exchange ("SSE"), Guangshen Railway Company Limited (the "Company") is required to issue a third quarterly report.
The financial information set out in this quarterly report has not been audited, and has been prepared in accordance with the PRC Enterprise Accounting Standards.
This announcement is made in accordance with Rule 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
I. | IMPORTANT NOTICE: |
(1) | The board of directors, supervisory committee, directors, supervisors and senior management of the Company warrant that the contents of this quarterly report are authentic, accurate and complete, and there are no misrepresentations or misleading statements contained in or material omissions from this quarterly report, and severally and jointly accept the related legal responsibility. |
(2) | Mr. Wu Yong, Chairman of the Company, Mr. Hu Lingling, General Manager, Mr. Luo Xinpeng, Chief Accountant and Mr. Liu Qiyi, Chief of Finance Department hereby declare that the authenticity, accuracy and completeness of the financial statements contained in this quarterly report are warranted. |
(3) | Whether the third quarterly financial statements were audited |
☐ Yes ☒ No
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II. | Principal financial information |
(1) | Principal Accounting Information and Financial Indicators |
Unit: ¥ Currency: RMB
Items | This reporting period |
Increase/ decrease as compared with the corresponding period of last year (%) |
From the beginning of the year to the end of the reporting period |
Increase/ decrease from the beginning of the year to the end of the reporting period compared with the corresponding period of last year (%) | ||||||||||||
Revenues from operation | 5,279,474,277 | 29.03 | 14,947,451,817 | 29.43 | ||||||||||||
Net profit attributable to shareholders of listed company | (260,456,104 | ) | N/A | (255,283,646 | ) | N/A | ||||||||||
Net profit attributable to shareholders of listed company after extraordinary gain or loss | (263,998,947 | ) | N/A | (255,659,310 | ) | N/A | ||||||||||
Net cash flow from operating activities | N/A | N/A | 301,893,875 | (71.60 | ) | |||||||||||
Basic earnings per share (¥/share) | (0.037 | ) | N/A | (0.036 | ) | N/A | ||||||||||
Diluted earnings per share (¥/share) | (0.037 | ) | N/A | (0.036 | ) | N/A | ||||||||||
Weighted average return on net assets (%) | (0.93 | ) | N/A | (0.91 | ) | N/A |
At the end of this reporting period |
At the end of last year |
Increase/ decrease at the end of the reporting period compared with the end of last year (%) | ||||||||||
Total assets | 37,467,765,557 | 36,780,451,862 | 1.87 | |||||||||
Owners' equity attributable to shareholders of the listed company | 28,016,100,897 | 28,192,839,252 | (0.63 | ) |
Note: (1) | "This reporting period" refers to the three-month period from the beginning of this quarter to the end of this quarter, the same as below; |
(2) | Return on net assets represents the difference between the amounts of "Increase/decrease as compared with the same period of last year (%)". |
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(2) | Extraordinary gain or loss items and amounts |
Unit: ¥ Currency: RMB
Items | Amount for this reporting period |
Amount from the beginning of the year to the end of the reporting period | ||||||
Gain or loss on disposal of non- current assets (including the write-off portion of the provision for impairment of assets) | (1,148,281 | ) | (15,632,513 | ) | ||||
Government grants included in profit or loss for the period, other than government grants closely related to the normal operation of the Company and granted on an on-going basis in accordance with specific standard amount or quantity in compliance with national policies | 2,650,248 | 9,945,967 | ||||||
Other non-operating income and expenses other than aforesaid items | 2,743,628 | 6,246,125 | ||||||
Less: Effect of income tax | 670,314 | 118,932 | ||||||
Effect of minority interests (after tax) | 32,438 | 64,983 | ||||||
Total | 3,542,843 | 375,664 |
Note: Extraordinary losses are expressed in negative figures.
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(3) | Changes of key accounting items and financial indicators and reasons for changes |
☒ Applicable ☐ Not applicable
Items | Movement (%) | Major Reason | ||||
Net profit attributable to shareholders of listed company _ This reporting period (July to September) | N/A | Operating revenue increased from July to September and the increase was greater than the increase in operating costs. | ||||
Net profit attributable to shareholders of listed company after extraordinary gain or loss _ This reporting period (July to September) | N/A | Same as above. | ||||
Basic earnings per share _ This reporting period (July to September) | N/A | Same as above. | ||||
Diluted earnings per share _ This reporting period (July to September) | N/A | Same as above. | ||||
Weighted average return on net assets _ This reporting period (July to September) | N/A | Same as above. | ||||
Net profit attributable to shareholders of listed company _ From the beginning of the year to the end of the reporting period (January to September) | N/A | Operating revenue increased from January to September and the increase was greater than the increase in operating costs. | ||||
Net profit attributable to shareholders of listed company after extraordinary gain or loss _ From the beginning of the year to the end of the reporting period (January to September) | N/A | Same as above. | ||||
Basic earnings per share _ From the beginning of the year to the end of the reporting period (January to September) | N/A | Same as above. | ||||
Diluted earnings per share _ From the beginning of the year to the end of the reporting period (January to September) | N/A | Same as above. | ||||
Weighted average return on net assets _ From the beginning of the year to the end of the reporting period (January to September) | N/A | Same as above. | ||||
Net cash flow from operating activities _ From the beginning of the year to the end of the reporting period (January to September) | (71.60 | ) | Resulted from increase in operating cash outflow. |
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III. | INFORMATION OF SHAREHOLDERS |
(1) | Total number of ordinary shareholders and number of preference shareholders with restored voting rights and shareholdings of the top ten shareholders |
Unit: Share
Total number of ordinary shareholders at the end of the reporting period | 193,859 | Total number of preference shareholders with restored voting rights at the end of the reporting period (if any) | N/A | |||
Shareholdings of the top ten shareholders |
Name of shareholder | Nature of shareholder | Number of shares held |
Shareholding percentage (%) |
Number of shares with selling restriction held |
Share pledged, marked or frozen | |||||||||||||||||
Status of shares | Number | |||||||||||||||||||||
China Railway Guangzhou Group Co., Ltd. | State-owned legal person | 2,629,451,300 | 37.12 | - | Nil | - | ||||||||||||||||
HKSCC NOMINEES LIMITED (note) | Foreign legal person | 1,478,777,859 | 20.88 | - | Nil | - | ||||||||||||||||
Lin Naigang | Domestic natural person | 124,000,000 | 1.75 | - | Nil | - | ||||||||||||||||
Hong Zejun | Domestic natural person | 105,000,000 | 1.48 | - | Nil | - | ||||||||||||||||
Li Wei | Domestic natural person | 35,946,201 | 0.51 | - | Nil | - | ||||||||||||||||
Taiyuan Iron and Steel (Group) Co., Ltd. | State-owned legal person | 30,771,989 | 0.43 | - | Nil | - | ||||||||||||||||
Harvest Fund - Agricultural Bank of China - Harvest CSI Financial Asset Management Plan | Other | 28,101,600 | 0.40 | - | Nil | - | ||||||||||||||||
Yinhua Fund - Agricultural Bank of China - Yinhua CSI Financial Assets Management Scheme | Other | 26,814,300 | 0.38 | - | Nil | - | ||||||||||||||||
Central European Fund - Agricultural Bank of China - Central European CSI Financial Asset Management Plan | Other | 26,436,800 | 0.37 | - | Nil | - | ||||||||||||||||
Southern Asset Management - Agricultural Bank of China - Southern CSI Financial Assets Management Scheme | Other | 24,907,300 | 0.35 | - | Nil | - |
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Top ten holders of shares without selling restrictions
Name of shareholder | Number of shares held without selling restrictions | Class and number of shares | ||||||||
Class | Number | |||||||||
China Railway Guangzhou Group Co., Ltd. | 2,629,451,300 | RMB ordinary shares | 2,629,451,300 | |||||||
HKSCC NOMINEES LIMITED (Note) | 1,478,777,859 | RMB ordinary shares | 61,859,560 | |||||||
Overseas listed foreign shares | 1,416,918,299 | |||||||||
Lin Naigang | 124,000,000 | RMB ordinary shares | 124,000,000 | |||||||
Hong Zejun | 105,000,000 | RMB ordinary shares | 105,000,000 | |||||||
Li Wei | 35,946,201 | RMB ordinary shares | 35,946,201 | |||||||
Taiyuan Iron and Steel (Group) Co., Ltd. | 30,771,989 | RMB ordinary shares | 30,771,989 | |||||||
Harvest Fund - Agricultural Bank of China - Harvest CSI Financial Asset Management Plan | 28,101,600 | RMB ordinary shares | 28,101,600 | |||||||
Yinhua Fund - Agricultural Bank of China-Yinhua CSI Financial Assets Management Scheme | 26,814,300 | RMB ordinary shares | 26,814,300 | |||||||
Central European Fund - Agricultural Bank of China - Central European CSI Financial Asset Management Plan | 26,436,800 | RMB ordinary shares | 26,436,800 | |||||||
Southern Asset Management - Agricultural Bank of China - Southern CSI Financial Assets Management Scheme | 24,907,300 | RMB ordinary shares | 24,907,300 | |||||||
Statement regarding the connected relationship or acting in concert arrangements of the above shareholders |
The Company is not aware of any of the above shareholders being connected or acting in concert as defined in the "Administrative Measures on Acquisitions of Listed Companies" (《上市公司收購管 理辦法》). | |||||||||
Description of the top ten shareholders and top ten shareholders holding shares without selling restrictions participate in margin financing and securities lending and refinancing business (if any) |
Li Wei holds a total of 35,946,201 shares of the Company, including 3,938,201 shares held through ordinary securities accounts and 32,008,000 shares held through credit securities accounts. |
Note: | 61,859,560 A shares and 1,416,918,299 H shares of the Company were held by HKSCC NOMINEES LIMITED in the capacity of various clients. |
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IV. | Other Reminders |
☐ Applicable ☒ Not applicable
V. | Quarterly Financial Statements |
(1) | Type of Audit Opinion |
☐ Applicable ☒ Not applicable
(2) | Financial Statements |
Combined Balance Sheet
30 September, 2021
Prepared by: Guangshen Railway Company Limited Unit: ¥ Currency: RMB Audit type: Unaudited
Items | 30 September 2021 | 31 December 2020 | ||||||
Current Asset: | ||||||||
Bank balances and cash | 1,530,410,316 | 1,545,232,043 | ||||||
Trade receivables | 4,818,838,268 | 3,721,676,955 | ||||||
Prepayments | 8,298,037 | 5,124,452 | ||||||
Other receivables | 363,084,654 | 595,861,776 | ||||||
Inventories | 299,285,647 | 296,405,900 | ||||||
Other current assets | 51,724,355 | 94,535,587 | ||||||
Total current assets | 7,071,641,277 | 6,258,836,713 |
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Combined Balance Sheet (Continued)
30 September, 2021
Prepared by: Guangshen Railway Company Limited Unit: ¥ Currency: RMB Audit type: Unaudited
Items | 30 September 2021 | 31 December 2020 | ||||||
Non-current assets: | ||||||||
Debt Investments | 160,000,000 | 160,000,000 | ||||||
Long-term receivables | 19,430,221 | 23,733,581 | ||||||
Long-term equity investments | 221,440,642 | 196,848,985 | ||||||
Investment in other equity instruments | 377,631,199 | 377,631,199 | ||||||
Fixed assets | 23,061,347,188 | 23,016,083,082 | ||||||
Constructions-in-progress | 2,532,726,055 | 2,778,675,953 | ||||||
Right-of-use assets | 1,341,301,976 | 1,352,498,274 | ||||||
Intangible assets | 1,793,683,001 | 1,831,303,551 | ||||||
Goodwill | 281,254,606 | 281,254,606 | ||||||
Long-term prepaid expenses | 66,867,483 | 43,888,542 | ||||||
Deferred income tax assets | 507,891,423 | 422,953,733 | ||||||
Other non-current assets | 32,550,486 | 36,743,643 | ||||||
Total non-current assets | 30,396,124,280 | 30,521,615,149 | ||||||
Total assets | 37,467,765,557 | 36,780,451,862 | ||||||
Current liabilities: | ||||||||
Trade payables | 5,271,849,726 | 4,988,615,141 | ||||||
Contract liabilities | 91,856,401 | 215,305,381 | ||||||
Staff remuneration payable | 467,491,717 | 442,701,969 | ||||||
Tax payable | 57,252,229 | 63,638,806 | ||||||
Other payables | 1,318,161,659 | 1,357,761,713 | ||||||
Other non-current liabilities | 4,654,040 | 14,833,718 | ||||||
Non-current liabilities due within one year | 62,727,500 | 61,880,000 | ||||||
Total current liabilities | 7,273,993,272 | 7,144,736,728 |
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Combined Balance Sheet (Continued)
30 September, 2021
Prepared by: Guangshen Railway Company Limited Unit: ¥ Currency: RMB Audit type: Unaudited
Items | 30 September 2021 | 31 December 2020 | ||||||
Non-current liabilities: | ||||||||
Lease liabilities | 1,319,973,120 | 1,315,693,163 | ||||||
Deferred income | 838,161,209 | 104,938,887 | ||||||
Deferred income tax liabilities | 57,043,016 | 58,912,559 | ||||||
Total non-current liabilities | 2,215,177,345 | 1,479,544,609 | ||||||
Total liabilities | 9,489,170,617 | 8,624,281,337 | ||||||
Owners' equity (or shareholders' equity): | ||||||||
Paid-in capital (or share capital) | 7,083,537,000 | 7,083,537,000 | ||||||
Capital reserves | 11,562,657,448 | 11,562,657,448 | ||||||
Other comprehensive income | 181,940,940 | 181,940,940 | ||||||
Appropriative reserves | 79,382,523 | - | ||||||
Surplus reserves | 3,084,484,724 | 3,084,484,726 | ||||||
Retained earnings | 6,024,098,262 | 6,280,219,138 | ||||||
Total equity attributable to owners of the parent (or shareholders' equity) | 28,016,100,897 | 28,192,839,252 | ||||||
Minority interests | (37,505,957 | ) | (36,668,727 | ) | ||||
Total owners' equity (or shareholders' equity) | 27,978,594,940 | 28,156,170,525 | ||||||
Total liabilities and owners' equity (or shareholders' equity) | 37,467,765,557 | 36,780,451,862 |
Chairman: Wu Yong General Manager: Hu Lingling
Chief Accountant: Luo Xinpeng Chief of Finance Department: Liu Qiyi
- 9 -
Combined Statement of Profit
January to September 2021
Prepared by: Guangshen Railway Company Limited Unit: ¥ Currency: RMB Audit type: Unaudited
Items | First three quarters of 2021 (January to September) |
First three quarters of 2020 (January to September) | ||||||
I. Total revenues from operation | 14,947,451,817 | 11,548,681,016 | ||||||
Include: Revenues from operation | 14,947,451,817 | 11,548,681,016 | ||||||
II. Total operating costs | 15,318,144,339 | 12,985,021,964 | ||||||
Include: Operating costs | 15,085,154,253 | 12,727,034,730 | ||||||
Business tax and surcharges | 37,816,207 | 20,532,021 | ||||||
Management expenses | 165,186,966 | 215,249,930 | ||||||
Finance costs | 29,986,913 | 22,205,283 | ||||||
Include:Interest expense | 50,643,028 | 43,225,843 | ||||||
Interest income | 22,025,689 | 22,330,939 | ||||||
Loss from credit impairment (loss denoted by "-") | 3,924,763 | (10,554,166 | ) | |||||
Add: Other gains | 9,945,967 | 14,004,435 | ||||||
Gains from investments (loss denoted by "-") | 34,393,484 | 24,680,727 | ||||||
Include: Gains from investments in associates and joint ventures | 24,591,656 | 16,945,457 | ||||||
III. Profit from operation (loss denoted by "-") | (322,428,308 | ) | (1,408,209,952 | ) | ||||
Add: Non-operating income | 9,054,470 | 6,359,748 | ||||||
Less: Non-operating expenses | 18,869,057 | 34,732,323 | ||||||
IV. Gross profit (gross loss denoted by "-") | (332,242,895 | ) | (1,436,582,527 | ) | ||||
Less: Income tax expenses | (76,122,019 | ) | (320,702,731 | ) |
- 10 -
Combined Statement of Profit (Continued)
January to September 2021
Prepared by: Guangshen Railway Company Limited Unit: ¥ Currency: RMB Audit type: Unaudited
Items | First three quarters of 2021 (January to September) |
First three quarters of 2020 (January to September) | ||||||
V. Net profit (net loss denoted by "-") | (256,120,876 | ) | (1,115,879,796 | ) | ||||
(I) Classification by continuous operations | ||||||||
1. Net profit from continuous operations (net loss denoted by "-") | (256,120,876 | ) | (1,115,879,796 | ) | ||||
2. Net profit from discontinued operations (net loss denoted by "-") | - | - | ||||||
(II) Classification by ownership | ||||||||
1. Net profit attributable to shareholders of the parent (net loss denoted by "-") | (255,283,646 | ) | (1,116,783,823 | ) | ||||
2. Profit or loss of minority shareholders (net loss denoted by "-") | (837,230 | ) | 904,027 | |||||
VI. Net other comprehensive income after tax | - | - | ||||||
VII. Total comprehensive income | (256,120,876 | ) | (1,115,879,796 | ) | ||||
(I) Total comprehensive income attributable to owners of the parent | (255,283,646 | ) | (1,116,783,823 | ) | ||||
(II) Total comprehensive income attributable to minority shareholders | (837,230 | ) | 904,027 | |||||
VIII. Earnings per share: | ||||||||
(I) Basic earnings per share (¥/share) | (0.036 | ) | (0.158 | ) | ||||
(II) Diluted earnings per share (¥/share) | (0.036 | ) | (0.158 | ) |
Chairman: Wu Yong General Manager: Hu Lingling
Chief Accountant: Luo Xinpeng Chief of Finance Department: Liu Qiyi
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Combined Cash Flow Statement
January to September 2021
Prepared by: Guangshen Railway Company Limited Unit: ¥ Currency: RMB Audit type: Unaudited
Items | First three quarters of 2021 (January to September) |
First three quarters of 2020 (January to September) | ||||||
I. Cash flows from operating activities: | ||||||||
Cash received from sales of goods or rendering of services | 11,854,204,007 | 8,893,639,316 | ||||||
Cash received relating to other operating activities | 113,794,407 | 198,938,081 | ||||||
Sub-total of cash inflows from operating activities | 11,967,998,414 | 9,092,577,397 | ||||||
Cash paid for goods purchased and services accepted | 5,260,908,117 | 2,591,999,085 | ||||||
Cash paid to and on behalf of employees | 5,859,496,580 | 4,909,426,045 | ||||||
Tax paid | 338,828,531 | 438,955,284 | ||||||
Cash paid relating to other operating activities | 206,871,311 | 89,136,261 | ||||||
Sub-total of cash outflows from operating activities | 11,666,104,539 | 8,029,516,675 | ||||||
Net cash flows from operating activities | 301,893,875 | 1,063,060,722 | ||||||
II. Cash flows from investing activities: | ||||||||
Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 93,806,738 | 132,134,054 | ||||||
Cash received from gains from investments | 9,801,829 | 7,735,270 | ||||||
Sub-total of cash inflows from investing activities | 103,608,567 | 139,869,324 | ||||||
Cash paid to construct fixed assets, intangible assets and other long-term assets | 420,324,169 | 702,121,464 | ||||||
Cash paid relating to investments | - | 26,586,470 | ||||||
Cash paid relating to other investing activities | - | 220,000,000 | ||||||
Sub-total of cash outflows from investing activities | 420,324,169 | 948,707,934 | ||||||
Net cash flows from investing activities | (316,715,602 | ) | (808,838,610 | ) |
- 12 -
Company Cash Flow Statement (Continued)
January to September 2021
Prepared by: Guangshen Railway Company Limited Unit: ¥ Currency: RMB Audit type: Unaudited
Items | First three quarters of 2021 (January to September) |
First three quarters of 2020 (January to September) | ||||||
III. Cash flows from financing activities: | ||||||||
Cash for distribution of dividends, profits or repayment of interest payments | - | 266,065,203 | ||||||
Cash paid relating to other financing activities | - | 45,562,500 | ||||||
Sub-total of cash outflows from financing activities | - | 311,627,703 | ||||||
Net cash flows from financing activities | - | (311,627,703 | ) | |||||
IV. Effect of foreign exchange rate changes on cash and cash equivalents | - | - | ||||||
V. Net increase in cash and cash equivalents | (14,821,727 | ) | (57,405,591 | ) | ||||
Add: Balance of cash and cash equivalents at the beginning of the period | 1,705,232,043 | 1,562,333,604 | ||||||
VI. Balance of cash and cash equivalents at the end of the period | 1,690,410,316 | 1,504,928,013 |
Chairman: Wu Yong General Manager: Hu Lingling
Chief Accountant: Luo Xinpeng Chief of Finance Department: Liu Qiyi
(3) | Relevant Information on the adjustment to the implementation of the financial statements at the beginning of such year for the first time against initial application of the new lease standards since 2021 |
☐ Applicable ☒ Not applicable
Board of Directors
Guangshen Railway Company Limited
28 October 2021
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Guangshen Railway Co. Ltd. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 20:11:56 UTC.