EX-99.1 2 d645665dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

(a joint stock limited company incorporated in the People’s Republic of China)

(Stock Code: 00525)

OVERSEAS REGULATORY ANNOUNCEMENT THIRD QUARTERLY REPORT FOR 2018

 

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 at which this quarterly report was considered.

 

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 2018 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      34,365,248,146        33,994,238,908        1.09  
Net assets attributable to shareholders of listed company      29,032,096,498        28,684,676,483        1.21  
     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      2,553,037,108        2,155,058,085        18.47  
     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      14,581,919,208        13,167,657,172        10.74  
Net profit attributable to shareholders of listed company      963,776,130        888,485,481        8.47  
Net profit attributable to shareholders of listed company after extraordinary gain or loss      993,147,009        899,332,780        10.43  
Weighted average return on net assets (%)      3.33        3.14       
 Increase by 0.19
percentage point		  
Basic earnings per share (¥/share)      0.136        0.125        8.80  
Diluted earnings per share (¥/share)      0.136        0.125        8.80  

 

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

 

Items

    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 of non-current assets

      (26,808,176 )      (57,350,699 ) 

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

      4,425,171       7,276,685  

Write back of the provision for impairment of accounts receivable that is individually tested for impairment

      —         5,689,343  

Other non-operating income and expenses other than aforesaid items

      117,097       1,175,166  

Effect of minority interests (after tax)

      348,889       299,898  

Effect of income tax

      7,047,454       13,538,728  
  

 

 

    

 

 

  

Total

      (14,869,565 )      (29,370,879 ) 
  

 

 

    

 

 

  

 

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)

     226,176
Shareholding of top ten shareholders
                      Subject to pledge
or frozen		      

Name of shareholders

(Full name)                    

   Number of
shares held
at the end of
the period		     Percentage
(%)		     Number
of shares
with selling
restrictions
held		     Status
of shares		     Number    

Nature of

shareholder

China Railway Guangzhou Group Co., Ltd.

     2,629,451,300       37.12       —         None       —       State-owned legal person

HKSCC NOMINEES LIMITED (Note)

     1,527,859,445       21.57       —         Unknown       —       Foreign legal person

Lin Naigang

     95,520,000       1.35       —         Unknown       —       Domestic natural person

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

     75,258,355       1.06       —         Unknown       —       State-owned legal person

China Securities Finance Corporation Limited

     53,883,592       0.76       —         Unknown       —       State-owned legal person

Zhou Rong

     51,152,327       0.72       —         Unknown       —       Domestic natural person

DEUTSCHE BANK AKTIENGESELLSCHAFT

     37,508,532       0.53       —         Unknown       —       Foreign legal 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

 

— 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  

China Railway Guangzhou Group Co., Ltd.

      2,629,451,300     

Renminbi- denominated

ordinary shares

      2,629,451,300  

HKSCC NOMINEES LIMITED (Note)

      1,527,859,445     

Renminbi- denominated

ordinary shares

      109,471,996  
      Overseas listed foreign shares      1,418,387,449  

Lin Naigang

      95,520,000     

Renminbi- denominated

ordinary shares

      95,520,000  

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

      75,258,355     

Renminbi- denominated

ordinary shares

      75,258,355  

China Securities Finance Corporation Limited

      53,883,592     

Renminbi- denominated

ordinary shares

      53,883,592  

Zhou Rong

      51,152,327     

Renminbi- denominated

ordinary shares

      51,152,327  

DEUTSCHE BANK AKTIENGESELLSCHAFT

      37,508,532     

Renminbi- denominated

ordinary shares

      37,508,532  

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  

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:

109,471,996 A shares and 1,418,387,449 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

 

— 5 —

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
Sheet

   

Items

    30 Sep 2018      31 Dec 2017      Movement (%)     

Major reason analysis

(1)

    Bank balances and cash      1,861,604,958        1,268,514,534        46.75      Prepayments received from disposal of assets held for sale.

(2)

    Other non-current assets      134,741,312        54,369,091        147.83      Prepayments for purchase of EMU trains.

(3)

    Receipts in advance      720,537,304        152,011,005        374.00      Prepayments received from disposal of assets held for sale.

Profit

Statement

   

Items

    Jan-Sep 2018      Jan-Sep 2017      Movement (%)     

Major reason analysis

(1)

    Finance costs      (17,179,851 )       (7,030,515 )       144.36      Decrease in foreign exchange losses.

(2)

    Non-operating expenses      60,305,575        24,375,684        147.40      Increase in expenses for retirement of fixed assets.

 

Cash Flow
Statement

   

Items

    Jan-Sep 2018      Jan-Sep 2017      Movement (%)     

Major reason analysis

(1)

    Tax paid      435,548,032        695,421,037        (37.37 )     VAT refunds received.

(2)

    Net cash received from disposal of fixed assets, intangible assets and other long-term assets activities      522,677,504        753,814        69,237.73      Prepayments received from disposal of assets held for sale.

(3)

    Cash for distribution of dividends, profits or repayment of interest payments      570,031,845        356,326,856        59.97      The final cash dividend for 2016 payable to GR Group, the largest shareholder, was not paid in the same period last year.

 

— 6 —

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 2018

 

— 7 —

4.

APPENDIX

 

4.1

FINANCIAL STATEMENTS

Combined Balance Sheet

30 September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    Balance at the
end of the period		      Balance at the
beginning
of the year		  

Current assets:

 

Bank balances and cash

      1,861,604,958        1,268,514,534  

Bill and trade receivables

      4,123,845,281        4,142,209,628  

Prepayments

      48,760,202        39,143,794  

Other receivables

      134,005,851        152,917,336  

Inventories

      330,569,474        330,727,259  

Assets held for sale

      2,183,207        2,183,207  

Other current assets

      73,558,887        122,189,663  
  

 

 

     

 

 

  

Total current assets

      6,574,527,860        6,057,885,421  
  

 

 

     

 

 

  

Non-current assets:

 

Available-for-sale financial assets

      —          296,413,799  

Long-term receivables

      25,220,538        31,274,642  

Long-term equity investments

      180,056,588        174,548,264  

Investment in other equity instruments

      321,246,040        —    

Fixed assets

      23,225,231,969        23,615,744,099  

Constructions-in-progress

      1,580,889,619        1,430,671,285  

Intangible assets

      1,941,128,553        1,981,672,460  

Goodwill

      281,254,606        281,254,606  

Long-term prepaid expenses

      46,955,313        33,400,574  

Deferred income tax assets

      53,995,748        37,004,667  

Other non-current assets

      134,741,312        54,369,091  
  

 

 

     

 

 

  

Total non-current assets

      27,790,720,286        27,936,353,487  
  

 

 

     

 

 

  

Total assets

      34,365,248,146        33,994,238,908  
  

 

 

     

 

 

  

 

— 8 —

Combined Balance Sheet (Continued)

30 September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    Balance at the
end of the period		     Balance at the
beginning
of the year		  

Current liabilities:

 

Bill and trade payables

      2,946,476,917       3,539,624,089  

Receipts in advance

      720,537,304       152,011,005  

Staff remuneration payable

      223,732,413       209,172,084  

Tax payable

      209,913,743       219,399,947  

Other payables

      1,095,375,848       1,044,768,977  
  

 

 

    

 

 

  

Total current liabilities

      5,196,036,225       5,164,976,102  
  

 

 

    

 

 

  

Non-current liabilities:

 

Deferred income

      107,291,131       105,791,256  

Deferred income tax liabilities

      64,521,188       66,390,731  
  

 

 

    

 

 

  

Total non-current liabilities

      171,812,319       172,181,987  
  

 

 

    

 

 

  

Total liabilities

      5,367,848,544       5,337,158,089  
  

 

 

    

 

 

  

Owners’ equity (or shareholders’ equity):

 

Paid-in capital (or share capital)

      7,083,537,000       7,083,537,000  

Capital reserves

      11,562,737,107       11,562,737,107  

Other comprehensive income

      181,940,940       181,940,940  

Surplus reserves

      2,922,608,538       2,927,575,310  

Retained earnings

      7,281,272,913       6,928,886,126  
  

 

 

    

 

 

  

Total equity attributable to owners of the parent

      29,032,096,498       28,684,676,483  
  

 

 

    

 

 

  

Minority interests

      (34,696,896 )      (27,595,664 ) 
  

 

 

    

 

 

  

Total owners’ equity (or shareholders’ equity)

      28,997,399,602       28,657,080,819  
  

 

 

    

 

 

  

Total liabilities and owners’ equity (or shareholders’ equity)

      34,365,248,146       33,994,238,908  
  

 

 

    

 

 

  

Chairman: Wu Yong    General Manager: Hu Lingling     Chief Accountant: Tang Xiangdong     Chief of Finance Department: Lin Wensheng

 

— 9 —

Company Balance Sheet

30 September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    Balance at the
end of the period		      Balance at the
beginning
of the year		  

Current assets:

 

Bank balances and cash

      1,849,458,502        1,251,528,280  

Bill and trade receivables

      4,113,065,206        4,137,660,553  

Prepayments

      48,627,828        39,043,755  

Other receivables

      197,195,535        191,680,767  

Inventories

      324,593,431        326,211,425  

Assets held for sale

      2,183,207        2,183,207  

Other current assets

      72,202,777        121,708,734  
  

 

 

     

 

 

  

Total current assets

      6,607,326,486        6,070,016,721  
  

 

 

     

 

 

  

Non-current assets:

 

Available-for-sale financial assets

      —          294,695,920  

Long-term receivables

      25,220,538        31,274,642  

Long-term equity investments

      261,418,047        257,669,723  

Investment in other equity instruments

      319,528,161        —    

Fixed assets

      23,134,249,496        23,524,239,879  

Constructions-in-progress

      1,580,889,619        1,429,670,241  

Intangible assets

      1,647,051,428        1,679,096,703  

Goodwill

      281,254,606        281,254,606  

Long-term prepaid expenses

      46,795,316        33,149,914  

Deferred income tax assets

      65,606,689        48,618,856  

Other non-current assets

      105,265,327        24,109,507  
  

 

 

     

 

 

  

Total non-current assets

      27,467,279,227        27,603,779,991  
  

 

 

     

 

 

  

Total assets

      34,074,605,713        33,673,796,712  
  

 

 

     

 

 

  

 

— 10 —

Company Balance Sheet (Continued)

30 September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    Balance at the
end of the period		      Balance at the
beginning
of the period		  

Current liabilities:

      

Bill and trade payables

      2,929,343,737        3,522,811,262  

Receipts in advance

      720,320,769        151,831,456  

Staff remuneration payable

      221,218,779        206,894,200  

Tax payable

      208,898,976        208,377,825  

Other payables

      751,322,567        712,398,974  
  

 

 

     

 

 

  

Total current liabilities

      4,831,104,828        4,802,313,717  
  

 

 

     

 

 

  

Non-current liabilities:

      

Deferred income

      107,291,131        105,791,256  
  

 

 

     

 

 

  

Total non-current liabilities

      107,291,131        105,791,256  
  

 

 

     

 

 

  

Total liabilities

      4,938,395,959        4,908,104,973  
  

 

 

     

 

 

  

Owners’ equity (or shareholders’ equity):

      

Paid-in capital (or share capital)

      7,083,537,000        7,083,537,000  

Capital reserves

      11,564,461,609        11,564,461,609  

Other comprehensive income

      181,940,940        181,940,940  

Surplus reserves

      2,922,608,538        2,927,575,310  

Retained earnings

      7,383,661,667        7,008,176,880  
  

 

 

     

 

 

  

Total owner’s equity (or shareholders’ equity)

      29,136,209,754        28,765,691,739  
  

 

 

     

 

 

  

Total liabilities and owners’ equity (or shareholders’ equity)

      34,074,605,713        33,673,796,712  
  

 

 

     

 

 

  

Chairman: Wu Yong    General Manager: Hu Lingling     Chief Accountant: Tang Xiangdong     Chief of Finance Department: Lin Wensheng

 

— 11 —

Combined Statement of Profit

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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

      5,054,145,840       4,755,674,699       14,581,919,208       13,167,657,172  
  

 

 

    

 

 

    

 

 

    

 

 

  

Include: Revenues from operation

      5,054,145,840       4,755,674,699       14,581,919,208       13,167,657,172  
  

 

 

    

 

 

    

 

 

    

 

 

  

II. Total operating costs

      4,631,618,995       4,253,216,075       13,270,339,505       11,993,612,381  
  

 

 

    

 

 

    

 

 

    

 

 

  

Include: Operating costs

      4,552,509,954       4,176,011,401       13,039,362,078       11,780,233,948  

Business tax and surcharges

      10,151,783       17,241,804       38,494,274       46,199,021  

Selling expenses

      184,466       1,265,286       368,932       3,162,602  

Management expenses

      73,243,092       61,275,756       212,747,706       170,816,210  

Finance costs

      (4,470,300 )      (2,621,580 )      (17,179,851 )      (7,030,515 ) 

Include: Interest income

      (7,464,835 )      (5,657,105 )      (16,937,070 )      (13,996,647 ) 

Assets impairment loss

      —         —         202,518       —    

Credit impairment loss

      —         43,408       (3,656,152 )      231,115  

Add: Other gains

      4,425,171       4,920,467       7,276,685       7,723,889  

Gains from investments (loss denoted by “—”)

      1,234,947       7,838,900       11,983,201       14,539,010  

Include: Gains from investments in associates and joint ventures

      1,232,690       1,366,048       5,508,324       8,066,158  

III. Profit from operation (loss denoted by “—”)

      428,186,963       515,217,991       1,330,839,589       1,196,307,690  

Add: Non-operating income

      1,774,832       1,475,368       4,130,043       3,072,822  

Less: Non-operating expenses

      28,465,910       14,661,891       60,305,575       24,375,684  

 

— 12 —

Combined Statement of Profit (Continued)

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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 “—”)

      401,495,885       502,031,468        1,274,664,057       1,175,004,828  

Less: Income tax expenses

      93,058,002       122,026,386        314,640,273       288,780,879  

V. Net profit (net loss denoted by “—”)

      308,437,883       380,005,082        960,023,784       886,223,949  

(1) Classification by continuous operation

          

1. Net profit from continuous operations (net loss denoted by “—”

      308,437,883       380,005,082        960,023,784       886,223,949  

2. Net profit from discontinued operations (net loss denoted by “—”)

      —         —          —         —    

(2) Classification by ownership of equity

          

1. Net profit attributable to owners of the parent

      309,689,988       379,769,770        963,776,130       888,485,481  

2. Profit or loss of minority shareholders

      (1,252,105 )      235,312        (3,752,346 )      (2,261,532 ) 

VI. Net other comprehensive income after tax

      —         —          —         —    
  

 

 

    

 

 

     

 

 

    

 

 

  

VII. Total comprehensive income

      308,437,883       380,005,082        960,023,784       886,223,949  
  

 

 

    

 

 

     

 

 

    

 

 

  

Total comprehensive income attributable to owners of the parent

      309,689,988       379,769,770        963,776,130       888,485,481  
  

 

 

    

 

 

     

 

 

    

 

 

  

Total comprehensive income attributable to minority shareholders

      (1,252,105 )      235,312        (3,752,346 )      (2,261,532 ) 
  

 

 

    

 

 

     

 

 

    

 

 

  

VIII. Earnings per share:

          

(1) Basic earnings per share (¥/share)

      0.044       0.054        0.136       0.125  

(2) Diluted earnings per share (¥/share)

      0.044       0.054        0.136       0.125  

Chairman: Wu Yong    General Manager: Hu Lingling     Chief Accountant: Tang Xiangdong     Chief of Finance Department: Lin Wensheng

 

— 13 —

Company Statement of Profit

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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

      4,994,094,812       4,662,195,218       14,411,267,205       12,921,280,198  

Less: Operating costs

      4,495,024,352       4,105,614,253       12,882,055,668       11,581,303,400  

Tax and surcharges

      9,753,516       16,422,235       37,506,818       44,012,390  

Selling expenses

      184,466       1,263,436       368,932       3,159,342  

Management expenses

      66,796,793       49,246,531       195,239,276       128,078,254  

Finance costs

      (4,377,396 )      (2,461,223 )      (16,826,716 )      (6,569,399 ) 

Include: Interest income

      (7,325,844 )      (5,460,615 )      (16,449,126 )      (13,420,804 ) 

Assets impairment loss

      —         —         202,518       —    

Credit impairment loss

      —         43,408       (3,661,905 )      81,115  

Add: Other gains

      4,425,171       4,920,467       7,276,685       7,723,889  

Gains from investments (loss denoted by “—”)

      9,154,288       7,838,900       35,450,247       27,318,565  

Include: Gains from investments in associates and joint ventures

      1,232,690       1,366,048       5,508,324       8,066,158  

II. Profit from operation (loss denoted by “—”)

      440,292,540       504,825,945       1,359,109,546       1,206,257,550  

Add: Non-operating income

      1,698,837       552,413       3,705,436       2,141,347  

Less: Non-operating expenses

      27,834,679       14,594,034       59,615,763       24,284,606  

III. Gross profit (gross loss denoted by “—”)

      414,156,698       490,784,324       1,303,199,219       1,184,114,291  

Less: Income tax expenses

      93,694,588       120,467,184       316,330,523       286,823,221  

 

— 14 —

Company Statement of Profit (Continued)

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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 “—”)

      320,462,110        370,317,140        986,868,696        897,291,070  

(1) Net profit from continuous operations (net loss denoted by “—”

      320,462,110        370,317,140        986,868,696        897,291,070  

(2) Net profit from discontinued operations (net loss denoted by “—”)

      —          —          —          —    

V. Net other comprehensive income after tax

      —          —          —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

VI. Total comprehensive income

      320,462,110        370,317,140        986,868,696        897,291,070  
  

 

 

     

 

 

     

 

 

     

 

 

  

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

 

— 15 —

Combined Cash Flow Statement

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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

      11,383,647,055       11,267,536,929  

Cash received relating to other operating activities

      93,726,000       54,359,372  
  

 

 

    

 

 

  

Sub-total of cash inflows from operating activities

      11,477,373,055       11,321,896,301  
  

 

 

    

 

 

  

Cash paid for goods purchased and services accepted

      3,223,083,653       3,582,846,307  

Cash paid to and on behalf of employees

      5,181,225,090       4,802,615,583  

Tax paid

      435,548,032       695,421,037  

Cash paid relating to other operating activities

      84,479,172       85,955,289  
  

 

 

    

 

 

  

Sub-total of cash outflows from operating activities

      8,924,335,947       9,166,838,216  
  

 

 

    

 

 

  

Net cash flows from operating activities

      2,553,037,108       2,155,058,085  

II. Cash flows from investing activities:

 

Cash received from gains from investments

      6,472,620       6,472,851  

Net cash received from disposal of fixed

assets, intangible assets and other long-term assets

      522,677,504       753,814  

Cash received relating to other investing activities

      887,000       887,000  
  

 

 

    

 

 

  

Sub-total of cash inflows from investing activities

      530,037,124       8,113,665  
  

 

 

    

 

 

  

Cash paid to construct fixed assets, intangible assets and other long-term assets

      1,894,916,492       1,720,660,080  

Cash paid relating to other investing activities

      24,832,241       —    
  

 

 

    

 

 

  

Sub-total of cash outflows from investing activities

      1,919,748,733       1,720,660,080  
  

 

 

    

 

 

  

Net cash flows from investing activities

      (1,389,711,609 )      (1,712,546,415 ) 

 

— 16 —

Combined Cash Flow Statement (Continued)

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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

      570,031,845       356,326,856  
  

 

 

    

 

 

  

Sub-total of cash outflows from financing activities

      570,031,845       356,326,856  
  

 

 

    

 

 

  

Net cash flows from financing activities

      (570,031,845 )      (356,326,856 ) 

IV. Effect of foreign exchange rate changes on cash and cash equivalents

      —         —    

V. Net increase in cash and cash equivalents

      593,293,654       86,184,814  

Add: Balance of cash and cash equivalents at the beginning of the period

      1,160,311,304       1,359,656,179  

VI. Balance of cash and cash equivalents at the end of the period

      1,753,604,958       1,445,840,993  

Chairman: Wu Yong    General Manager: Hu Lingling     Chief Accountant: Tang Xiangdong     Chief of Finance Department: Lin Wensheng

 

— 17 —

Company Cash Flow Statement

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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

      11,207,306,403       10,995,548,269  

Cash received relating to other operating activities

      67,552,939       38,918,022  

Sub-total of cash inflows from operating activities

      11,274,859,342       11,034,466,291  

Cash paid for goods purchased and services accepted

      3,171,971,952       3,500,082,186  

Cash paid to and on behalf of employees

      5,061,360,827       4,650,397,652  

Tax paid

      417,319,995       675,451,691  

Cash paid relating to other operating activities

      101,439,072       79,633,484  
  

 

 

    

 

 

  

Sub-total of cash outflows from operating activities

      8,752,091,846       8,905,565,013  
  

 

 

    

 

 

  

Net cash flows from operating activities

      2,522,767,496       2,128,901,278  

II. Cash flows from investing activities:

     

Cash received from investments

      9,681,597       —    

Cash received from gains from investments

      25,170,128       21,574,360  

Net cash received from disposal of fixed

assets, intangible assets and other long-term assets

      522,671,905       747,533  

Cash received relating to other investing activities

      825,000       825,000  
  

 

 

    

 

 

  

Sub-total of cash inflows from investing activities

      558,348,630       23,146,893  
  

 

 

    

 

 

  

Cash paid to construct fixed assets, intangible assets and other long-term assets

      1,891,670,703       1,720,255,849  

Cash paid relating to other investing activities

      24,832,241       —    

Sub-total of cash outflows from investing activities

      1,916,502,944       1,720,255,849  
  

 

 

    

 

 

  

Net cash flows from investing activities

      (1,358,154,314 )      (1,697,108,956 ) 

 

— 18 —

Company Cash Flow Statement (Continued)

January to September 2018

 

Prepared by: Guangshen Railway Company Limited   Unit: ¥    Currency: RMB    Audit type: Unaudited

 

Items

    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

      566,682,960       356,326,856  

Sub-total of cash outflows from financing activities

      566,682,960       356,326,856  

Net cash flows from financing activities

      (566,682,960 )      (356,326,856 ) 

IV. Effect of foreign exchange rate changes on cash and cash equivalents

      —         —    

V. Net increase in cash and cash equivalents

      597,930,222       75,465,466  

Add: Balance of cash and cash equivalents at the beginning of the period

      1,151,528,280       1,349,474,716  

VI. Balance of cash and cash equivalents at the end of the period

      1,749,458,502       1,424,940,182  

Chairman: Wu Yong    General Manager: Hu Lingling     Chief Accountant: Tang Xiangdong     Chief of Finance Department: Lin Wensheng

 

4.2

Audit Report

☐ Applicable ✓ Not applicable

 

— 19 —