Shenzhen : Overseas Regulatory Announcement - 2015 Annual Results Preliminary Announcement of Shenzhen Expressway Company Limited

深圳高速公路股份有限公司

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.

(incorporated in Bermuda with limited liability)

(Stock Code: 00152) (the "Company")‌

OVERSEAS REGULATORY ANNOUNCEMENT

The document attached hereto is the 2015 Annual Results Preliminary Announcement released by Shenzhen Expressway Company Limited, a subsidiary of the Company.

Hong Kong, 18 March 2016

As at the date of this announcement, the board of directors of the Company consists of Messrs. Gao Lei, Li Jing Qi, Zhong Shan Qun, Liu Jun and Li Lu Ning as executive directors, Dr. Yim Fung, JP as non-executive director and Messrs. Leung Ming Yuen, Simon, Ding Xun and Nip Yun Wing as independent non-executive directors.

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)

2015 Annual Results Preliminary Announcement

1. Important Notice

2. 2015 Annual Results Preliminary Announcement of the Company is extracted from full Annual Report 2015 of the Company. For detailed information, investor shall read the full annual report to be published on the website of SSE at http://www.sse.com.cn and HKEx at http://www.hkexnews.com.hk.

   All the information to accompany preliminary announcement of results for the financial year required under Appendix 16 to the Listing Rules was included in the 2015 Annual Results Preliminary Announcement published on the website of HKEx.

   The 2015 annual 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.

   
   

3. Basic Information of the Company




Type of shares	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	LUO Kun	GONG Xin, XIAO Wei
Telephone	(86) 755-8285 3331	(86) 755-8285 3338
Fax	(86) 755-8285 3400
E-mail	[e-mail]







4. Proposed Profit Distribution

   
   

   The Board recommended the payment of a final dividend of RMB 0.34 (tax included) per share in cash to all shareholders (2014: RMB0.45 per share), based on the total share capital of 2,180,770,326 as at the end of 2015 and totaling RMB 741,461,910.84 for the year 2015.The aforesaid proposal shall be subject to approval by shareholders at the 2015 Annual General Meeting of the Company. The date of the annual general meeting, the record date for dividend payment, dividend payment procedures and payment date, and the book closure period for H Shares will be notified separately.

5. Principal Financial Data and Information of the Shareholders




1. Principal Financial Data

   
   

   During the Reporting Period, the Group recorded a revenue of RMB3,421 million, representing an decrease of 5.52% YOY. Net profit attributable to owners of the Company amounted to RMB1,553 million with earnings per share of RMB 0.712, representing an decrease of 29.0% YOY.

   Unit: RMB

   
   

   As at 31 Dec 2015	As at 31 Dec 2014)	Change as compared to the end of last year	As at 31 Dec 2013 (Restated Note)
   Total assets	31,670,655,088.41	24,329,324,209.02	30.17%	22,840,107,479.91
   Owners' equity attributable to owners of the Company	12,368,892,973.17	11,797,581,861.32	4.84%	9,974,420,429.05
   2015	2014	Change as compared to last year	2013
   Revenue	3,420,578,335.19	3,620,357,480.08	-5.52%	3,279,281,057.26
   Net profit attributable to owners of the Company	1,552,656,397.24	2,186,883,365.49	-29.0%	719,691,617.00
   Net profit attributable to owners of the Company - excluding non-recurring items	527,396,785.06	963,942,971.64	-45.29%	828,414,277.54
   Net cash flows from operating activities	1,771,505,130.32	1,793,755,282.29	-1.24%	1,761,224,786.28
   Return on equity - weighted average (%)	12.94%	20.14%	decrease7.20 pet.pt	7.40%
   Earnings per share - basic (RMB/share)	0.712	1.003	-29.0%	0.330
   Earnings per share - diluted (RMB/share)	0.712	1.003	-29.0%	0.330

   
   

   Note:

   Since 2014, the three new/revised accounting standards issued by Ministry of Finance and the application guidance thereof issued later had been adopted by the Group. Accordingly, certain accounting items were reclassified and listed, and retrospective adjustment was applied to the relevant items of the comparative financial statements. Each of the financial data contained in this table as at the end of years of 2013 remained unchanged in the adjustment.

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 as at the end of 2015		The Company had 30,674 shareholders in total, including 30,420 holders of A Shares and 254 holders of H Shares.
   Total number of shareholders as at the end of the last month prior to the Reporting Date		The Company had 28,243 shareholders in total, including 27,991 holders of A Shares and 252 holders of H Shares.
   Top ten shareholders as at the end of 2015
   Name of shareholder	Nature of shareholders	Percentage	Number of shares held	Number of restricted circulating shares held	Number of shares pledged or frozen
   HKSCC NOMINEES LIMITED note	Overseas legal person	32.95%	718,459,099	－	Unknown
   Xin Tong Chan Development (Shenzhen) Company Limited	Domestic non-state-owned legal person	30.03%	654,780,000	－	None
   Shenzhen Shen Guang Hui Highway Development Company	Domestic non-state-owned legal person	18.87%	411,459,887	－	None
   China Merchants Hua Jian Highway Investment Co., Ltd	State-owned legal person	4.00%	87,211,323	－	None
   Guangdong Roads and Bridges Construction Development Company Limited	State-owned legal person	2.84%	61,948,790	－	None
   AU SIU KWOK	Overseas natural person	0.50%	11,000,000	－	Unknown
   IP KOW	Overseas natural person	0.42%	9,100,000	－	Unknown
   China Securities Finance Corporation Limited	Domestic non-state-owned legal person	0.20%	4,416,000	－	Unknown
   Shanghai Honestfund Asset Management Co.,Ltd－Honestfund Multi-Strategy Securities Investment Funds	Domestic non-state-owned legal person	0.19%	4,144,825	－	Unknown
   Shanghai Chengming Investment Co.,Ltd	Domestic non-state-owned legal person	0.14%	3,086,942	－	Unknown
   Connected relationship or concerted action relationship among the abovementioned shareholders	Xin Tong Chan Development (Shenzhen) Company Limited and Shenzhen Shen Guang Hui Highway Development Company are connected persons under the same control of Shenzhen International Holdings Limited. There is no connected relationship among the state-owned shareholders in the above table. The Company did not notice any connected 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. The Ownership and the Relation of Control Between the Company and the De-facto Controller




State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People's Government

100%

Shenzhen Investment Holdings Company Limited

100%

Ultrarich International Limited

43.73%

Shenzhen International Holdings Limited

100%

100%

Advance Great Limited	Xin Tong Chan Development (Shenzhen) Company Limited	Shenzhen Shen Guang Hui Highway Development Company
1.996% (H Shares)		30.025% (A Shares)		18.868% （ A Shares
Shenzhen Expressway Company Limited

100%




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