Exhibit 99.1
(a joint stock limited company incorporated in the People’s Republic of China)
(Stock Code: 00525)
OVERSEAS REGULATORY ANNOUNCEMENT
THIRD QUARTERLY REPORT FOR 2017
In accordance with the requirements of the China Securities Regulatory Commission (“CSRC”), 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) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
1. | IMPORTANT NOTICE |
1.1 | 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. |
1.2 | All directors of the Company attended the meeting of the board of directors to consider this quarterly report. |
1.3 | Mr. Wu Yong, Chairman of the Company, Mr. Hu Lingling, General Manager, Mr. Tang Xiangdong, Chief Accountant and Mr. Lin Wensheng, Chief of Finance Department hereby declare that the authenticity, accuracy and completeness of the financial statements contained in this quarterly report are warranted. |
1.4 | The financial statements contained in the Company’s third quarterly financial report for 2017 have not been audited. |
— 1 —
2. | THE OVERALL INFORMATION OF THE COMPANY |
2.1 | Principal financial data |
Unit: ¥ Currency: RMB
At the end of this reporting period | At the end of last year | Increase/decrease at the end of the reporting period as compared with the end of last year (%) | ||||||||||
Total assets | 32,483,403,209 | 32,870,258,463 | (1.18 | ) | ||||||||
Net assets attributable to shareholders of listed company | 28,375,860,061 | 28,054,057,540 | 1.15 | |||||||||
From the beginning of the year to the end of the reporting period (Jan-Sep) | From the beginning of last year to the end of the reporting period of last year (Jan-Sep) | Increase/decrease as compared with the same period of last year (%) | ||||||||||
Net cash flow from operating activities | 2,155,058,085 | 1,195,634,287 | 80.24 | |||||||||
From the beginning of the year to the end of the reporting period (Jan-Sep) | From the beginning of last year to the end of the reporting period of last year (Jan-Sep) | Increase/decrease as compared with the same period of last year (%) | ||||||||||
Revenues from operation | 13,167,657,172 | 12,666,213,585 | 3.96 | |||||||||
Net profit attributable to shareholders of listed company | 888,485,481 | 1,089,435,737 | (18.45 | ) | ||||||||
Net profit attributable to shareholders of listed company after extraordinary gain or loss | 899,332,780 | 1,120,000,467 | (19.70 | ) | ||||||||
Weighted average return on net assets (%) | 3.14 | 3.93 | | Decrease by 0.79 percentage point | | |||||||
Basic earnings per share (¥/share) | 0.125 | 0.154 | (18.83 | ) | ||||||||
Diluted earnings per share (¥/share) | 0.125 | 0.154 | (18.83 | ) |
Note: | Return on net assets represents the difference between the amounts of “Increase/decrease as compared with the same period of last year (%)”. |
— 2 —
Extraordinary gain or loss items and amounts
☒ Applicable ☐ Not applicable
Unit: ¥ Currency: RMB
Item | Amount for the period (Jul-Sep) | Amount from the beginning of the year to the end of the reporting period(Jan-Sep) | ||||||
Gain or loss on disposal ofnon-current assets | (13,947,078 | ) | (22,075,819 | ) | ||||
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 anon-going basis in accordance with specific standard amount or quantity in compliance with national policies | 4,920,467 | 7,723,889 | ||||||
Write back of the provision for impairment of accounts receivable that is individually tested for impairment | 400 | 800 | ||||||
Othernon-operating income and expenses other than aforesaid items | 760,555 | 772,957 | ||||||
Effect of minority interests (after tax) | (495,209 | ) | (495,209 | ) | ||||
Effect of income tax | 2,132,715 | 3,226,083 | ||||||
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|
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Total | (6,628,150 | ) | (10,847,299 | ) | ||||
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Note: | Extraordinary losses are expressed in negative figures. |
— 3 —
2.2 | Total number of shareholders, shareholding of top ten shareholders and top ten shareholders holding shares without selling restrictions at the end of the reporting period |
Unit: Shares
Total number of shareholders (Number) | 248,700 |
Shareholding of top ten shareholders
Number of | Number of with selling | Subject to pledge or frozen | ||||||||||||||||||||||
Name of shareholder (Full name) | shares held at the end of the period | Percentage (%) | restrictions held | Status of shares | Number | Nature of shareholder | ||||||||||||||||||
Guangzhou Railway (Group) Company | 2,629,451,300 | 37.12 | — | None | — | | State-owned legal person | | ||||||||||||||||
HKSCC NOMINEES LIMITED(Note) | 1,448,601,722 | 20.45 | — | Unknown | — | | Foreign legal person | | ||||||||||||||||
China Securities Finance Corporation Limited | 100,285,292 | 1.42 | — | Unknown | — | | State-owned legal person | | ||||||||||||||||
DEUTSCHE BANK AKTIENGESELLSCHAFT | 96,502,695 | 1.36 | — | Unknown | — | Other | ||||||||||||||||||
Central Huijin Asset Management Co., Ltd. | 85,985,800 | 1.21 | — | Unknown | — | | State-owned legal person | | ||||||||||||||||
New China Life Insurance Company Ltd. — Dividend — Group Dividend — 018L —FH001 Hu | 75,359,903 | 1.06 | — | Unknown | — | Other | ||||||||||||||||||
Kuwait State Investment Bureau — Self Fund | 34,277,098 | 0.48 | — | Unknown | — | Other | ||||||||||||||||||
Zhou Rong | 34,023,300 | 0.48 | — | Unknown | — | | Domestic natural person | | ||||||||||||||||
Taiyuan Iron & Steel (Group) Company Limited | 30,781,989 | 0.43 | — | Unknown | — | | State-owned legal person | | ||||||||||||||||
Harvest Fund — Agricultural Bank of China — Harvest CSI Financial Asset Management Plan | 28,101,600 | 0.40 | — | Unknown | — | Other | ||||||||||||||||||
Zhongou Fund — Agricultural Bank of China — Zhongou CSI Financial Asset Management Plan | 28,101,600 | 0.40 | — | Unknown | — | Other | ||||||||||||||||||
Southern Fund — Agricultural Bank of China — Southern CSI Financial Asset Management Plan | 28,101,600 | 0.40 | — | Unknown | — | Other |
— 4 —
Shareholding of top ten shareholders holding shares without selling restrictions
Number of shares held without selling restrictions | Class and number of shares | |||||||||
Name of shareholders | Class | Number | ||||||||
Guangzhou Railway (Group) Company | 2,629,451,300 | Renminbi-denominated ordinary shares | 2,629,451,300 | |||||||
HKSCC NOMINEES LIMITED(Note) | 1,448,601,722 | Renminbi-denominated ordinary shares | 31,380,273 | |||||||
Overseas listed foreign shares | 1,417,221,449 | |||||||||
China Securities Finance Corporation Limited | 100,285,292 | Renminbi-denominated ordinary shares | 100,285,292 | |||||||
DEUTSCHE BANK AKTIENGESELLSCHAFT | 96,502,695 | Renminbi-denominated ordinary shares | 96,502,695 | |||||||
Central Huijin Asset Management Co., Ltd. | 85,985,800 | Renminbi-denominated ordinary shares | 85,985,800 | |||||||
New China Life Insurance Company Ltd. — Dividend — Group Dividend —018L — FH001 Hu | 75,359,903 | Renminbi-denominated ordinary shares | 75,359,903 | |||||||
Kuwait State Investment Bureau — Self Fund | 34,277,098 | Renminbi-denominated ordinary shares | 34,277,098 | |||||||
Zhou Rong | 34,023,300 | Renminbi-denominated ordinary shares | 34,023,300 | |||||||
Taiyuan Iron & Steel (Group) Company Limited | 30,781,989 | Renminbi-denominated ordinary shares | 30,781,989 | |||||||
Harvest Fund — Agricultural Bank of China — Harvest CSI Financial Asset Management Plan | 28,101,600 | Renminbi-denominated ordinary shares | 28,101,600 |
— 5 —
Shareholding of top ten shareholders holding shares without selling restrictions
Number of without selling | Class and number of shares | |||||||||
Name of shareholders | restrictions | Class | Number | |||||||
Zhongou Fund — Agricultural Bank of China — Zhongou CSI Financial Asset Management Plan | 28,101,600 | Renminbi-denominated ordinary shares | 28,101,600 | |||||||
Southern Fund — Agricultural Bank of China — Southern CSI Financial Asset Management Plan | 28,101,600 | Renminbi-denominated ordinary shares | 28,101,600 | |||||||
Statement regarding connected relationship or concerted action of the above shareholders | | The Company is unaware whether the above shareholders are connected or concerted parties as defined in Measures on Administration of Acquisitions of Listed Companies. | |
Note: | 31,380,273 A shares and 1,417,221,449 H shares of the Company were held by HKSCC NOMINEES LIMITED in the capacity of various clients. |
2.3 | Total number of preference shareholders, shareholding of top ten preference shareholders and top ten preference shareholders holding shares without selling restrictions at the end of the reporting period |
☐ | Applicable ☒ Not applicable |
— 6 —
3. | SIGNIFICANT EVENTS |
3.1 | Significant changes of key accounting items and financial indicators and reasons for changes |
☒ Applicable ☐ Not | applicable |
Unit: ¥ Currency: RMB
Balance | Item | 30 Sep 2017 | 31 Dec 2016 | Movement (%) | Major reason analysis | |||||||||||
(1) | Prepayments | 124,273,862 | 29,210,797 | 325.44 | Increase in prepayments for procurement of materials. | |||||||||||
(2) | Other Current Assets | 58,796,155 | 156,071,675 | (62.33 | ) | Decrease in input VAT which has not been received or verified for the period. | ||||||||||
(3) | Construction-in-progress | 1,294,518,100 | 790,308,239 | 63.80 | The repair and renovation of EMU trains and passenger car(s) transferred from fixed assets toconstruction-in- progress. | |||||||||||
(4) | Trade payables | 2,111,357,028 | 2,908,708,617 | (27.41 | ) | The payment for outstanding construction and equipment fees, fees for procurement of materials, and repair charges of last year. | ||||||||||
(5) | Receipts in advance | 180,431,371 | 295,088,301 | (38.86 | ) | Decrease in receipt of transportation service fees in advance. | ||||||||||
(6) | Dividends payable | 223,245,430 | 15,542,144 | 1,336.39 | The final cash dividend of 2016 payable to GR Group in the current period has not been paid. | |||||||||||
Cash Flow | Item | Jan-Sep 2017 | Jan-Sep 2016 | Movement (%) | Major reason analysis | |||||||||||
(1) | Net cash flows from operating activities | 2,155,058,085 | 1,195,634,287 | 80.24 | An increase in the received transportation fee and service fee from the provision of railway operation service. | |||||||||||
(2) | Net cash flows from investing activities | (1,712,546,415 | ) | (1,369,307,554 | ) | 25.07 | An increase inconstruction-in-progress investment expenditure. | |||||||||
(3) | Net cash flows from financing activities | (356,326,856 | ) | (566,682,960 | ) | (37.12 | ) | The final cash dividend of 2016 payable to GR Group in the current period has not been paid. |
— 7 —
3.2 | Progress and impact of significant events and analysis and explanations for solutions |
☐ Applicable ☒ Not | applicable |
3.3 | Commitments which have not been fulfilled during the reporting period |
☐ Applicable ☒ Not | applicable |
3.4 | Caution and explanation as to the anticipated loss of accumulated net profit from the beginning of the year to the end of the next reporting period or significant changes over the same period of last year |
☐ Applicable ☒ Not | applicable |
Name of Company | Guangshen Railway Company Limited | |
Legal Representative | Wu Yong | |
Date | 25 October 2017 |
— 8 —
4. | APPENDIX |
4.1 | FINANCIAL STATEMENTS |
Combined Balance Sheet
30 September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Balance at the end of the period | Balance at the beginning of the year | ||||||
Current assets: |
| |||||||
Bank balances and cash | 1,553,840,993 | 1,467,656,179 | ||||||
Trade receivables | 3,444,663,626 | 3,364,365,517 | ||||||
Prepayments | 124,273,862 | 29,210,797 | ||||||
Interests receivable | 704,382 | 1,210,695 | ||||||
Other receivables | 157,192,666 | 143,997,504 | ||||||
Inventories | 366,403,025 | 332,607,262 | ||||||
Other current assets | 58,796,155 | 156,071,675 | ||||||
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Total current assets | 5,705,874,709 | 5,495,119,629 | ||||||
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Non-current assets: |
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Available-for-sale financial assets | 53,825,879 | 53,825,879 | ||||||
Long-term receivables | 32,946,745 | 31,406,345 | ||||||
Long-term equity investments | 175,670,217 | 167,604,059 | ||||||
Fixed assets | 23,152,930,467 | 24,276,446,805 | ||||||
Constructions-in-progress | 1,294,518,100 | 790,308,239 | ||||||
Intangible assets | 1,592,316,533 | 1,626,443,846 | ||||||
Goodwill | 281,254,606 | 281,254,606 | ||||||
Long-term prepaid expenses | 13,550,350 | 7,824,407 | ||||||
Deferred income tax assets | 100,657,916 | 79,929,375 | ||||||
Othernon-current assets | 79,857,687 | 60,095,273 | ||||||
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Totalnon-current assets | 26,777,528,500 | 27,375,138,834 | ||||||
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Total assets | 32,483,403,209 | 32,870,258,463 | ||||||
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— 9 —
Combined Balance Sheet(Continued)
30 September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Balance at the end of the period | Balance at the beginning of the year | ||||||
Current liabilities: |
| |||||||
Trade payables | 2,111,357,028 | 2,908,708,617 | ||||||
Receipts in advance | 180,431,371 | 295,088,301 | ||||||
Staff remuneration payable | 218,943,264 | 206,341,669 | ||||||
Tax payable | 185,456,132 | 180,869,344 | ||||||
Dividends payable | 223,245,430 | 15,542,144 | ||||||
Other payables | 1,041,227,356 | 1,057,960,605 | ||||||
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Total current liabilities | 3,960,660,581 | 4,664,510,680 | ||||||
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Non-current liabilities: |
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Deferred income | 106,132,937 | 106,809,538 | ||||||
Deferred income tax liabilities | 67,013,912 | 68,883,455 | ||||||
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Totalnon-current liabilities | 173,146,849 | 175,692,993 | ||||||
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Total liabilities | 4,133,807,430 | 4,840,203,673 | ||||||
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Owners’ equity: |
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Share capital | 7,083,537,000 | 7,083,537,000 | ||||||
Capital reserves | 11,562,737,107 | 11,562,737,107 | ||||||
Surplus reserves | 2,825,593,469 | 2,825,593,469 | ||||||
Retained earnings | 6,903,992,485 | 6,582,189,964 | ||||||
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Total equity attributable to owners of the parent | 28,375,860,061 | 28,054,057,540 | ||||||
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Minority interests | (26,264,282 | ) | (24,002,750 | ) | ||||
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Total owners’ equity | 28,349,595,779 | 28,030,054,790 | ||||||
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Total liabilities and owners’ equity | 32,483,403,209 | 32,870,258,463 | ||||||
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Chairman: Wu Yong General Manager : Hu Lingling Chief Accountant : Tang Xiangdong Chief of Finance Department: Lin Wensheng
— 10 —
Company Balance Sheet
30 September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Balance at the end of the period | Balance at the beginning of the year | ||||||
Current assets: |
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Bank balances and cash | 1,524,940,182 | 1,449,474,716 | ||||||
Trade receivables | 3,436,550,862 | 3,351,364,676 | ||||||
Prepayments | 124,024,050 | 29,159,588 | ||||||
Interests receivable | 639,069 | 1,193,820 | ||||||
Dividends receivable | — | 2,321,954 | ||||||
Other receivables | 206,393,505 | 192,183,276 | ||||||
Inventories | 360,875,147 | 327,818,554 | ||||||
Other current assets | 57,568,611 | 154,964,591 | ||||||
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Total current assets | 5,710,991,426 | 5,508,481,175 | ||||||
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Non-current assets: |
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Available-for-sale financial assets | 52,108,000 | 52,108,000 | ||||||
Long-term receivables | 32,946,745 | 31,406,345 | ||||||
Long-term equity investments | 258,791,676 | 250,725,518 | ||||||
Fixed assets | 23,056,050,771 | 24,174,449,267 | ||||||
Constructions-in-progress | 1,293,536,656 | 788,894,079 | ||||||
Intangible assets | 1,286,907,898 | 1,312,536,580 | ||||||
Goodwill | 281,254,606 | 281,254,606 | ||||||
Long-term prepaid expenses | 13,269,799 | 7,667,192 | ||||||
Deferred income tax assets | 112,093,414 | 91,362,055 | ||||||
Othernon-current assets | 50,381,702 | 30,489,472 | ||||||
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Totalnon-current assets | 26,437,341,267 | 27,020,893,114 | ||||||
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Total assets | 32,148,332,693 | 32,529,374,289 | ||||||
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— 11 —
Company Balance Sheet(Continued)
30 September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Balance at the end of the period | Balance at the beginning of the period | ||||||
Current liabilities: |
| |||||||
Trade payables | 2,078,859,243 | 2,877,592,330 | ||||||
Receipts in advance | 179,337,248 | 294,377,879 | ||||||
Staff remuneration payable | 214,671,621 | 203,127,278 | ||||||
Tax payable | 179,652,503 | 173,461,476 | ||||||
Dividends payable | 210,369,929 | 16,758 | ||||||
Other payables | 718,085,755 | 743,373,683 | ||||||
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Total current liabilities | 3,580,976,299 | 4,291,949,404 | ||||||
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Non-current liabilities: |
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Deferred income | 106,132,937 | 106,809,538 | ||||||
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Totalnon-current liabilities | 106,132,937 | 106,809,538 | ||||||
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Total liabilities | 3,687,109,236 | 4,398,758,942 | ||||||
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Owners’ equity: |
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Share capital | 7,083,537,000 | 7,083,537,000 | ||||||
Capital reserves | 11,564,461,609 | 11,564,461,609 | ||||||
Surplus reserves | 2,825,593,469 | 2,825,593,469 | ||||||
Retained earnings | 6,987,631,379 | 6,657,023,269 | ||||||
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Total owner’s equity | 28,461,223,457 | 28,130,615,347 | ||||||
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Total liabilities and owners’ equity | 32,148,332,693 | 32,529,374,289 | ||||||
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Chairman: Wu Yong General Manager: Hu Lingling Chief Accountant: Tang Xiangdong Chief of Finance Department: Lin Wensheng
— 12 —
Combined Statement of Profit
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount for the period(Jul-Sep) | Amount for the previous period (Jul-Sep) | Amount from the beginning of the year to the end of the reporting period (Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period (Jan-Sep) | ||||||||||||
I. Total revenues from operation | 4,755,674,699 | 4,587,610,430 | 13,167,657,172 | 12,666,213,585 | ||||||||||||
Include: Revenues from operation | 4,755,674,699 | 4,587,610,430 | 13,167,657,172 | 12,666,213,585 | ||||||||||||
II. Total operating costs | 4,253,216,075 | 4,049,377,257 | 11,993,612,381 | 11,200,011,519 | ||||||||||||
Include: Operating costs | 4,176,011,401 | 3,973,897,624 | 11,780,233,948 | 10,995,624,672 | ||||||||||||
Business tax and surcharges | 17,241,804 | 15,150,868 | 46,199,021 | 49,504,981 | ||||||||||||
Selling expenses | 1,265,286 | 3,678,569 | 3,162,602 | 8,036,198 | ||||||||||||
Management expenses | 61,275,756 | 62,009,403 | 170,816,210 | 166,482,402 | ||||||||||||
Finance costs | (2,621,580 | ) | (5,358,807 | ) | (7,030,515 | ) | (19,635,934 | ) | ||||||||
Assets impairment loss | 43,408 | (400 | ) | 231,115 | (800 | ) | ||||||||||
Add: Gains from fair value changes (loss denoted by “—”) | — | — | — | — | ||||||||||||
Gains from investments (loss denoted by “—”) | 7,838,900 | 9,992,504 | 14,539,010 | 16,126,300 | ||||||||||||
Include: Gains from investments in associates and joint ventures | 1,366,048 | 4,108,304 | 8,066,158 | 10,242,100 | ||||||||||||
III. Profit from operation (loss denoted by “—”) | 510,297,524 | 548,225,677 | 1,188,583,801 | 1,482,328,366 | ||||||||||||
Add:Non-operating income | 6,395,835 | 3,200,468 | 10,796,711 | 5,847,206 | ||||||||||||
Include: Gain on disposal ofnon-current assets | 64,166 | 137,136 | 709,772.00 | 269,577 | ||||||||||||
Less:Non-operating expenses | 14,661,891 | 13,284,337 | 24,375,684 | 42,990,629 | ||||||||||||
Include: Loss on disposal ofnon-current assets | 14,011,244 | 9,330,994 | 22,785,591 | 32,337,667 |
— 13 —
Combined Statement of Profit(Continued)
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount for the period (Jul-Sep) | Amount for the previous period (Jul-Sep) | Amount from the beginning of the year to the end of the reporting period (Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period (Jan-Sep) | ||||||||||||
IV. Gross profit (gross loss denoted by “—”) | 502,031,468 | 538,141,808 | 1,175,004,828 | 1,445,184,943 | ||||||||||||
Less: Income tax expenses | 122,026,386 | 131,610,559 | 288,780,879 | 358,978,970 | ||||||||||||
V. Net profit (net loss denoted by “—”) | 380,005,082 | 406,531,249 | 886,223,949 | 1,086,205,973 | ||||||||||||
Net profit attributable to owners of the parent | 379,769,770 | 407,613,063 | 888,485,481 | 1,089,435,737 | ||||||||||||
Profit or loss of minority shareholders | 235,312 | (1,081,814 | ) | (2,261,532 | ) | (3,229,764 | ) | |||||||||
VI. Net other comprehensive income after tax | — | — | — | — | ||||||||||||
VII. Total comprehensive income: | 380,005,082 | 406,531,249 | 886,223,949 | 1,086,205,973 | ||||||||||||
Total comprehensive income attributable to owners of the parent | 379,769,770 | 407,613,063 | 888,485,481 | 1,089,435,737 | ||||||||||||
Total comprehensive income attributable to minority shareholders | 235,312 | (1,081,814 | ) | (2,261,532 | ) | (3,229,764 | ) | |||||||||
VIII. Earnings per share: | ||||||||||||||||
(1) Basic earnings per share (¥/share) | 0.054 | 0.057 | 0.125 | 0.154 | ||||||||||||
(2) Diluted earnings per share (¥/share) | 0.054 | 0.057 | 0.125 | 0.154 |
Chairman: Wu Yong General Manager: Hu Lingling Chief Accountant: Tang Xiangdong Chief of Finance Department: Lin Wensheng
— 14 —
Company Statement of Profit
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount for the period (Jul-Sep) | Amount for the previous period (Jul-Sep) | Amount from the beginning of the year to the end of the reporting period (Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period(Jan-Sep) | ||||||||||||
I. Revenues from operation | 4,662,195,218 | 4,469,606,662 | 12,921,280,198 | 12,321,681,742 | ||||||||||||
Less: Operating costs | 4,105,614,253 | 3,880,649,184 | 11,581,303,400 | 10,724,094,174 | ||||||||||||
Tax and surcharges | 16,422,235 | 14,764,704 | 44,012,390 | 41,165,670 | ||||||||||||
Selling expenses | 1,263,436 | 3,676,471 | 3,159,342 | 8,026,337 | ||||||||||||
Management expenses | 49,246,531 | 45,510,860 | 128,078,254 | 117,873,929 | ||||||||||||
Finance costs | (2,461,223 | ) | (5,207,613 | ) | (6,569,399 | ) | (19,158,054 | ) | ||||||||
Assets impairment loss | 43,408 | (400 | ) | 81,115 | (800 | ) | ||||||||||
Add: Gains from fair value changes (loss denoted by “—”) | — | — | — | — | ||||||||||||
Gains from investments (loss denoted by “—”) | 7,838,900 | 13,527,047 | 27,318,565 | 29,203,866 | ||||||||||||
Include:Gains from investments in associates and joint ventures | 1,366,048 | 4,108,304 | 8,066,158 | 10,242,100 | ||||||||||||
II. Profit from operation (loss denoted by “—”) | 499,905,478 | 543,740,503 | 1,198,533,661 | 1,478,884,352 | ||||||||||||
Add:Non-operating income | 5,472,880 | 3,194,375 | 9,865,236 | 5,676,079 | ||||||||||||
Include:Gain on disposal ofnon-current assets | 64,166 | 137,025 | 709,772.00 | 250,202 | ||||||||||||
Less:Non-operating expenses | 14,594,034 | 13,173,740 | 24,284,606 | 42,601,140 | ||||||||||||
Include:Loss on disposal ofnon-current assets | 13,943,471 | 9,330,994 | 22,717,818 | 32,249,396 | ||||||||||||
III. Gross profit (gross loss denoted by “—”) | 490,784,324 | 533,761,138 | 1,184,114,291 | 1,441,959,291 | ||||||||||||
Less: Income tax expenses | 120,467,184 | 130,595,600 | 286,823,221 | 354,829,534 |
— 15 —
Company Statement of Profit(Continued)
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount for the period (Jul-Sep) | Amount for the previous period (Jul-Sep) | Amount from the beginning of the year to the end of the reporting period (Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period(Jan-Sep) | ||||||||||||
IV. Net profit (net loss denoted by “—”) | 370,317,140 | 403,165,538 | 897,291,070 | 1,087,129,757 | ||||||||||||
V. Net other comprehensive income after tax | — | — | — | — | ||||||||||||
VI. Total comprehensive income | 370,317,140 | 403,165,538 | 897,291,070 | 1,087,129,757 | ||||||||||||
VII. Earnings per share: | ||||||||||||||||
(1) Basic earnings per share (¥/share) | N/A | N/A | N/A | N/A | ||||||||||||
(2) Diluted earnings per share (¥/share) | N/A | N/A | N/A | N/A |
Chairman: Wu Yong General Manager: Hu Lingling Chief Accountant: Tang Xiangdong Chief of Finance Department: Lin Wensheng
— 16 —
Combined Cash Flow Statement
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount from the beginning of the year to the end of the reporting period(Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period (Jan-Sep) | ||||||
I. Cash flows from operating activities: |
| |||||||
Cash received from sales of goods or rendering of services | 11,267,536,929 | 9,898,054,893 | ||||||
Cash received relating to other operating activities | 54,359,372 | 20,123,534 | ||||||
|
|
|
| |||||
Sub-total of cash inflows from operating activities | 11,321,896,301 | 9,918,178,427 | ||||||
|
|
|
| |||||
Cash paid for goods purchased and services accepted | 3,582,846,307 | 3,264,444,564 | ||||||
Cash paid to and on behalf of employees | 4,802,615,583 | 4,431,181,300 | ||||||
Tax paid | 695,421,037 | 939,968,501 | ||||||
Cash paid relating to other operating activities | 85,955,289 | 86,949,775 | ||||||
|
|
|
| |||||
Sub-total of cash outflows from operating activities | 9,166,838,216 | 8,722,544,140 | ||||||
|
|
|
| |||||
Net cash flows from operating activities | 2,155,058,085 | 1,195,634,287 | ||||||
|
|
|
| |||||
II. Cash flows from investing activities: |
| |||||||
Cash received from gains from investments | 6,472,851 | 5,884,200 | ||||||
Net cash received from disposal of fixed assets, intangible assets and other long-term assets activities | 753,814 | 16,570,129 | ||||||
Cash received relating to other investing activities | 887,000 | 5,412,614 | ||||||
|
|
|
| |||||
Sub-total of cash inflows from investing activities | 8,113,665 | 27,866,943 | ||||||
|
|
|
| |||||
Cash paid to construct fixed assets, intangible assets and other long-term assets | 1,720,660,080 | 1,395,574,497 | ||||||
Cash paid relating to other investing activities | — | 1,600,000 | ||||||
|
|
|
| |||||
Sub-total of cash outflows from investing activities | 1,720,660,080 | 1,397,174,497 | ||||||
|
|
|
| |||||
Net cash flows from investing activities | (1,712,546,415 | ) | (1,369,307,554 | ) | ||||
|
|
|
|
— 17 —
Combined Cash Flow Statement(Continued)
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount from the beginning of the year to the end of the reporting period (Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period (Jan-Sep) | ||||||
III. Cash flows from financing activities: | ||||||||
Cash for distribution of dividends, profits or repayment of interest payments | 356,326,856 | 566,682,960 | ||||||
|
|
|
| |||||
Sub-total of cash outflows from financing activities | 356,326,856 | 566,682,960 | ||||||
|
|
|
| |||||
Net cash flows from financing activities | (356,326,856 | ) | (566,682,960 | ) | ||||
|
|
|
| |||||
IV. Effect of foreign exchange rate changes on cash and cash equivalents | — | — | ||||||
V. Net increase in cash and cash equivalents | 86,184,814 | (740,356,227 | ) | |||||
Add:Balance of cash and cash equivalents at the beginning of the period | 1,359,656,179 | 2,326,803,114 | ||||||
VI. Balance of cash and cash equivalents at the end of the period | 1,445,840,993 | 1,586,446,887 |
Chairman: Wu Yong General Manager: Hu Lingling Chief Accountant: Tang Xiangdong Chief of Finance Department: Lin Wensheng
— 18 —
Company Cash Flow Statement
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount from the beginning of the year to the end of the reporting period (Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period (Jan-Sep) | ||||||
I. Cash flows from operating activities: | ||||||||
Cash received from sales of goods or rendering of services | 10,995,548,269 | 9,552,308,225 | ||||||
Cash received relating to other operating activities | 38,918,022 | 19,355,946 | ||||||
|
|
|
| |||||
Sub-total of cash inflows from operating activities | 11,034,466,291 | 9,571,664,171 | ||||||
|
|
|
| |||||
Cash paid for goods purchased and services accepted | 3,500,082,186 | 3,150,669,186 | ||||||
Cash paid to and on behalf of employees | 4,650,397,652 | 4,250,880,468 | ||||||
Tax paid | 675,451,691 | 912,805,582 | ||||||
Cash paid relating to other operating activities | 79,633,484 | 84,040,043 | ||||||
|
|
|
| |||||
Sub-total of cash outflows from operating activities | 8,905,565,013 | 8,398,395,279 | ||||||
|
|
|
| |||||
Net cash flows from operating activities | 2,128,901,278 | 1,173,268,892 | ||||||
|
|
|
| |||||
II. Cash flows from investing activities: |
| |||||||
Cash received from gains from investments | 21,574,360 | 19,918,907 | ||||||
Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 747,533 | 16,527,328 | ||||||
Cash received relating to other investing activities | 825,000 | 5,366,114 | ||||||
|
|
|
| |||||
Sub-total of cash inflows from investing activities | 23,146,893 | 41,812,349 | ||||||
|
|
|
| |||||
Cash paid to construct fixed assets, intangible assets and other long-term assets | 1,720,255,849 | 1,395,018,887 | ||||||
|
|
|
| |||||
Sub-total of cash outflows from investing activities | 1,720,255,849 | 1,395,018,887 | ||||||
|
|
|
| |||||
Net cash flows from investing activities | (1,697,108,956 | ) | (1,353,206,538 | ) | ||||
|
|
|
|
— 19 —
Company Cash Flow Statement(Continued)
January to September 2017
Prepared by: Guangshen Railway Company Limited | Unit: ¥ Currency: RMB Audit type: Unaudited |
Item | Amount from the beginning of the year to the end of the reporting period (Jan-Sep) | Amount from the beginning of the previous year to the end of the reporting period (Jan-Sep) | ||||||
III. Cash flows from financing activities: | ||||||||
Cash for distribution of dividends, profits or repayment of interest payments | 356,326,856 | 566,682,960 | ||||||
|
|
|
| |||||
Sub-total of cash outflows from financing activities | 356,326,856 | 566,682,960 | ||||||
|
|
|
| |||||
Net cash flows from financing activities | (356,326,856 | ) | (566,682,960 | ) | ||||
|
|
|
| |||||
IV. Effect of foreign exchange rate changes on cash and cash equivalents | — | — | ||||||
V. Net increase in cash and cash equivalents | 75,465,466 | (746,620,606 | ) | |||||
Add:Balance of cash and cash equivalents at the beginning of the period | 1,349,474,716 | 2,313,739,678 | ||||||
VI. Balance of cash and cash equivalents at the end of the period | 1,424,940,182 | 1,567,119,072 |
Chairman: Wu Yong General Manager: Hu Lingling Chief Accountant: Tang Xiangdong Chief of Finance Department: Lin Wensheng
4.2 | Audit Report |
☐ Applicable ☒ Not applicable
— 20 —