(a joint stock limited company incorporated in the People's Republic of China with limited liability)

Stock Code : 390

ANNUAL REPORT 2021

Cover Legend

  • 1. Taipingchuan Service Area of Shuangliao-Taonan Expressway

  • 2. Liming Village Super Bridge of Zhangjihuai Hi-Speed Railway

  • 3. China-Laos Railway Yuanjiang Bridge

  • 4. Yunnan Qujing Deze Reservoir

  • 5. Beijing Fengtai Railway Station

China Railway Kunming Building

Jiangyou Liangchahe Super BridgeLuohe Bridge

CONTENTS

Company Pro le

1

Report of the Directors

67

Financial Summary

2

Report on Corporate

85

Chairman's Report

4

Governance Practices

Changes in Share Capital and

8

Independent Auditor's Report

107

Information on Shareholders

Financial Statements

114

Business Overview

16

Signi cant Events

287

Management Discussion and Analysis

40

Environmental and Social

334

Responsibility

Biography of Directors, Supervisors

54

De nition and Glossary of

343

and Senior Management

Technical Terms

Company Information

345

Nantong Metro No.1 Line

SNAPSHOT OF ANNUAL REPORT

EBITDA

RMB100 million

487.5

406.9

436.7

2019

2020

2021

Year-on-year increase 11.6%

Revenue

RMB100 million

10,732.7

2019

2020

2021

Year-on-year increase 10.1%

Dividend per share (tax inclusive)

RMB

0.180

0.196

0.169

2019

2020

2021

Year-on-year increase 8.9%

Profit attributable to owners of the company

RMB100 million

236.8

251.9

276.2

2019

2020

2021

Year-on-year increase 9.6%

2021 ANNUAL REPORT

CHINA RAILWAY GROUP LIMITED

1

COMPANY PROFILE

The Company was established as a joint stock company with limited liability in the People's Republic of China (the "PRC") under the Company Law of the PRC on 12 September 2007. The A shares and H shares issued by the Company were listed on the Shanghai Stock Exchange and the main board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") on 3 December 2007 and 7 December 2007 respectively.

We are one of the largest multi-functional integrated construction group in the PRC and Asia in terms of the total revenue of the engineering contract, and rank 35th on the 2021 Fortune Global 500 list. We offer a full range of construction-related services, including infrastructure construction, survey, design and consulting services and engineering equipment and component manufacturing, and also expand to property development and other businesses such as mining.

We have outstanding advantages in the construction of infrastructure facilities such as railways, highways, municipal works and urban rails. In particular, we hold leading positions in the design and construction of bridges, tunnels and electrified railways, and the design and manufacturing of bridge steel structures and turnouts in the PRC, which has achieved advanced international standards. While we operate in every province across the PRC, we have also explored extensive global markets.

Adhering to the motto of "strive to challenge limits and achieve excellence", the Company is committed to continuous development of the Company to create a brighter and better future.

Qingdao Jiaodong International Airport

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China Railway Group Limited published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 01:39:06 UTC.