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    525   CNE100000379

GUANGSHEN RAILWAY COMPANY LIMITED

(525)
  Report
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Guangshen Railway : OVERSEAS REGULATORY ANNOUNCEMENT-FIRST QUARTERLY REPORT FOR 2021

04/27/2021 | 07:49am EDT

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

(Stock Code: 00525)

OVERSEAS REGULATORY ANNOUNCEMENT

FIRST QUARTERLY REPORT FOR 2021

In accordance with the requirements of the China Securities Regulatory Commission ("CSRC"), Guangshen Railway Company Limited (the "Company") is required to issue a first 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.

1. 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. All directors of the Company attended the meeting of the board of directors to consider this quarterly report.
  3. 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.
  4. The financial statements contained in this quarterly report of the Company have not been audited.

- 1 -

2. THE OVERALL INFORMATION OF THE COMPANY

2.1 Principal financial data

Unit: ¥  Currency: RMB

Increase/decrease

as compared with

the end of this

At the end of this

At the end of

reporting period of

reporting period

last year

last year (%)

Total assets

36,867,346,357

36,780,451,862

0.24

Net assets attributable to

shareholders of listed company

28,124,745,820

28,192,839,252

(0.24)

From the

From the

beginning of the

beginning of last

Increase/decrease

year to the end of

year to the end of

as compared with

the reporting

the reporting

the same period of

period

period of last year

last year (%)

Net cash flow from operating

activities

(328,591,924)

392,515,633

(183.71)

From the

From the

beginning of the

beginning of last

Increase/decrease

year to the end of

year to the end of

as compared with

the reporting

the reporting

the same period of

period

period of last year

last year (%)

Revenues from operation

4,413,764,612

3,767,511,446

17.15

Net profit attributable to

shareholders of listed company

(93,372,207)

(462,072,653)

N/A

Net profit attributable to

shareholders of listed company after

extraordinary gain or loss

(93,683,062)

(462,654,338)

N/A

Weighted average return on net

assets (%)

(0.33)

(1.60)

N/A

Basic earnings per share (¥/share)

(0.013)

(0.065)

N/A

Diluted earnings per share (¥/share)

(0.013)

(0.065)

N/A

- 2 -

Extraordinary gain or loss items and amounts Applicable  Not applicable

Unit: ¥  Currency: RMB

Amount for the

Items

period

Gain or loss on disposal of non-current assets

(2,833,279)

Other non-operating income and expenses other than aforesaid

items

2,209,950

Effect of minority interest (net of tax)

927,411

Effect of income tax

6,773

Total

310,855

Note:  Extraordinary losses are expressed in negative figures.

- 3 -

2.2 Total number of shareholders, shareholding of top ten shareholders and top ten holders of shares without selling restrictions at the end of the reporting period

Unit: Shares

Total number of shareholders

(Number)

202,110

Shareholding of top ten shareholders

Number of

Subject to pledge

Number of

shares with

or frozen

shares held at

selling

the end of the

Percentage

restrictions

Status of

Nature of

Name of shareholder (Full name)

period

(%)

held

shares

Number

shareholder

China Railway Guangzhou Group

State-owned

Co., Ltd.

2,629,451,300

37.12

-

None

-

legal person

HKSCC NOMINEES LIMITED

Foreign legal

(Note)

1,538,497,803

21.72

-

Unknown

-

person

Domestic

Lin Naigang

124,000,000

1.75

-

Unknown

-

natural person

Domestic

Li Wei

32,000,001

0.45

-

Unknown

-

natural person

Taiyuan Iron & Steel (Group)

State-owned

Company Limited

29,338,189

0.41

-

Unknown

-

legal person

Domestic

Li Haihong

28,541,961

0.40

-

Unknown

-

natural person

Harvest Fund - Agricultural Bank

of China - Harvest CSI Financial

Asset Management Plan

28,101,600

0.40

-

Unknown

-

Other

Yinhua Fund - Agricultural Bank

of China - Yinhua CSI Financial

Asset Management Plan

26,814,300

0.38

-

Unknown

-

Other

Zhongou Fund - Agricultural

Bank of China - Zhongou CSI

Financial Assets Management Plan

26,436,800

0.37

-

Unknown

-

Other

Southern Fund - Agricultural

Bank of China - Southern CSI

Financial Asset Management Plan

24,907,300

0.35

-

Unknown

-

Other

- 4 -

Shareholding of top ten shareholders holding shares without selling restrictions

Number of shares

Class and number of shares

held without

Name of shareholders

selling restrictions

Class

Number

China Railway Guangzhou Group Co., Ltd.

Renminbi-denominated

2,629,451,300

ordinary shares

2,629,451,300

HKSCC NOMINEES LIMITED (Note)

Renminbi-denominated

ordinary shares

121,383,504

Overseas listed

1,538,497,803

foreign shares

1,417,114,299

Lin Naigang

124,000,000

Renminbi denominated

124,000,000

ordinary shares

Li Wei

32,000,001

Renminbi denominated

32,000,001

ordinary shares

Taiyuan Iron & Steel (Group) Company

29,338,189

Renminbi-denominated

29,338,189

Limited

ordinary shares

Li Haihong

28,541,961

Renminbi denominated

28,541,961

ordinary shares

Harvest Fund - Agricultural Bank of

China - Harvest CSI Financial Asset

28,101,600

Renminbi-denominated

28,101,600

Management Plan

ordinary shares

Yinhua Fund - Agricultural Bank of

China - Yinhua CSI Financial Asset

26,814,300

Renminbi-denominated

26,814,300

Management Plan

ordinary shares

Zhongou Fund - Agricultural Bank of

China - Zhongou CSI Financial Assets

26,436,800

Renminbi-denominated

26,436,800

Management Plan

ordinary shares

Southern Fund - Agricultural Bank of

China - Southern CSI Financial Asset

24,907,300

Renminbi denominated

24,907,300

Management Plan

ordinary shares

Statement regarding connected relationship

The Company is unaware whether the above shareholders are connected

or concerted action of the above

or concerted parties as defined in Measures on Administration of

shareholders

Acquisitions of Listed Companies.

Note: 121,383,504 A shares and 1,417,114,299 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

Statement

Movement

of Profit

Items

Jan-Mar 2021

Jan-Mar 2020

(%)

Major reason analysis

(1)

Credit

(42,504,173)

-

100.00

Recalculate according to the

impairment loss

estimated credit loss rate stipulated

by the railway transportation

enterprise and reverse the credit

impairment loss accrued in the

previous year.

(2)

Net profit

(93,372,207)

(462,072,653)

N/A

Due to the effective control of the

attributable to

COVID-19 pandemic in PRC, the

owners of the

passenger and good transportation

parent

volume of the Company have

recovered during the reporting

period with increased income from

operation of the Company.

Cash Flow

Jan - Mar

Jan - Mar

Movement

Statement

Items

2021

2020

(%)

Major reason analysis

(1)

Net cash flows

(328,591,924)

392,515,633

(183.71)

Due to the payment of unpaid

from operating

construction and equipment

activities

payables, material procurement

expenses at the end of the previous

year as well as deferred payment of

labor union funds and employee

education funds and supplementary

pension insurance contributions.

(2)

Net cash flows

(103,615,679)

(352,228,216)

N/A

Due to the decrease in fixed asset

from investing

investment expenditures.

activities

- 6 -

  1. Progress and impact of significant events and analysis and explanations for solutions
    • Applicable  Not applicable
  2. Commitments which have not been fulfilled during the reporting period
    • Applicable  Not applicable
  3. 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

27 April 2021

- 7 -

4. APPENDIX

4.1 FINANCIAL STATEMENTS

Combined Balance Sheet

31 March 2021

Prepared by: Guangshen Railway Company Limited 

Unit: ¥  Currency: RMB 

Audit type: Unaudited

Items

31 March 2021

31 December 2020

Current assets:

Bank balances and cash

1,191,078,086

1,545,232,043

Trade receivables

4,491,509,847

3,721,676,955

Prepayments

9,860,344

5,124,452

Other receivables

595,941,983

595,861,776

Inventories

308,105,633

296,405,900

Other current assets

91,423,731

94,535,587

Total current assets

6,687,919,624

6,258,836,713

Non-current assets:

Debt investments

160,000,000

160,000,000

Long-term receivables

24,121,604

23,733,581

Long-term equity investments

196,283,289

196,848,985

Investments in other equity instruments

377,631,199

377,631,199

Fixed assets

22,889,422,153

23,016,083,082

Constructions-in-progress

2,480,474,217

2,778,675,953

Right-of-use assets

1,348,493,701

1,352,498,274

Intangible assets

1,818,191,922

1,831,303,551

Goodwill

281,254,606

281,254,606

Long-term prepaid expenses

44,734,725

43,888,542

Deferred income tax assets

521,904,817

422,953,733

Other non-current assets

36,914,500

36,743,643

Total non-current assets

30,179,426,733

30,521,615,149

Total assets

36,867,346,357

36,780,451,862

- 8 -

Combined Balance Sheet (Continued)

31 March 2021

Prepared by: Guangshen Railway Company Limited 

Unit: ¥ 

Currency: RMB 

Audit type: Unaudited

Items

31 March 2021

31 December 2020

Current liabilities:

Trade payables

4,895,209,734

4,988,615,141

Contract liabilities

253,015,556

215,305,381

Staff remuneration payable

497,880,795

442,701,969

Tax payable

68,279,972

63,638,806

Other payables

1,431,104,982

1,357,761,713

Other current liabilities

18,539,693

14,833,718

Non-current liabilities due within one year

62,162,500

61,880,000

Total current liabilities

7,226,193,232

7,144,736,728

Non-current liabilities:

Lease liabilities

1,316,813,434

1,315,693,163

Deferred income

103,714,040

104,938,887

Deferred income tax liabilities

132,240,845

58,912,559

Total non-current liabilities

1,552,768,319

1,479,544,609

Total liabilities

8,778,961,551

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

28,873,553

-

Surplus reserves

3,084,484,724

3,084,484,726

Retained earnings

6,183,252,155

6,280,219,138

Total equity attributable to owners (or shareholders'

equity) of the parent

28,124,745,820

28,192,839,252

Minority interests

(36,361,014)

(36,668,727)

Total owners' equity (or shareholders' equity)

28,088,384,806

28,156,170,525

Total liabilities and owners' equity (or shareholders'

equity)

36,867,346,357

36,780,451,862

Chairman: Wu Yong 

General Manager: Hu Lingling 

Chief Accountant: Luo Xinpeng 

Chief of Finance Department: Liu Qiyi

- 9 -

Company Balance Sheet

31 March 2021

Prepared by: Guangshen Railway Company Limited 

Unit: ¥  Currency: RMB 

Audit type: Unaudited

Items

31 March 2021

31 December 2020

Current assets:

Bank balances and cash

1,191,098,894

1,545,222,622

Trade receivables

4,488,707,498

3,716,035,332

Prepayments

5,583,994

5,106,139

Other receivables

595,711,717

751,430,086

Inventories

302,847,658

292,269,250

Other current assets

264,317,072

92,938,515

Total current assets

6,848,266,833

6,403,001,944

Non-current assets:

Debt investments

160,000,000

160,000,000

Long-term receivables

24,121,604

23,733,581

Long-term equity investments

278,814,748

279,380,444

Investments in other equity instruments

375,913,320

375,913,320

Fixed assets

22,821,960,684

22,946,937,504

Constructions-in-progress

2,480,474,217

2,778,675,953

Right-of-use assets

1,348,493,701

1,352,498,274

Intangible assets

1,552,443,568

1,562,722,321

Goodwill

281,254,606

281,254,606

Long-term prepaid expenses

43,345,736

42,614,082

Deferred income tax assets

424,074,353

434,550,411

Other non-current assets

7,438,514

7,267,658

Total non-current assets

29,798,335,051

30,245,548,154

Total assets

36,646,601,884

36,648,550,098

- 10 -

Company Balance Sheet (Continued)

31 March 2021

Prepared by: Guangshen Railway Company Limited 

Unit: ¥ 

Currency: RMB 

Audit type: Unaudited

Items

31 March 2021

31 December 2020

Current liabilities:

Trade payables

4,854,730,160

4,967,604,697

Contract liabilities

252,911,436

215,196,603

Staff remuneration payable

493,235,758

438,972,664

Tax payable

67,693,820

61,869,778

Other payables

1,095,223,821

1,003,783,793

Other current liabilities

18,539,693

14,833,718

Non-current liabilities due within one year

62,162,500

61,880,000

Total current liabilities

6,844,497,188

6,764,141,253

Non-current liabilities:

Lease liabilities

1,316,813,434

1,315,693,163

Deferred income

103,714,040

104,938,887

Total non-current liabilities

1,420,527,474

1,420,632,050

Total liabilities

8,265,024,662

8,184,773,303

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

Appropriative reserves

28,873,553

-

Surplus reserves

3,084,484,726

3,084,484,726

Retained earnings

6,438,279,394

6,549,352,520

Total owners' equity (or shareholders' equity)

28,381,577,222

28,463,776,795

Total liabilities and owners' equity (or shareholders'

36,646,601,884

36,648,550,098

equity)

Chairman: Wu Yong 

General Manager: Hu Lingling 

Chief Accountant: Luo Xinpeng 

Chief of Finance Department: Liu Qiyi

- 11 -

Combined Statement of Profit

January to March 2021

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

Items

The first quarter of 2021

The first quarter of 2020

I.

Total revenues from operation

4,413,764,612

3,767,511,446

Include: Revenues from operation

4,413,764,612

3,767,511,446

II.

Total operating costs

4,577,882,895

4,239,712,129

Include: Operating costs

4,498,687,910

4,151,476,780

Business tax and surcharges

11,096,089

9,141,028

Management expenses

57,805,062

73,137,987

Finance costs

10,293,834

5,956,334

Include: Interest expense

16,875,271

14,411,213

Interest income

6,805,008

6,902,315

Add: Other gains

4,128,123

3,827,381

Gains from investments (loss denoted by "-")

(565,696)

1,730,891

Include: Gains from investments in associates and

joint ventures

(565,696)

1,730,891

Credit impairment losses (loss denoted by

"-")

42,504,173

-

III.

Profit from operation (loss denoted by "-")

(118,051,683)

(466,642,411)

Add: Non-operating income

3,555,622

1,220,887

Less: Non-operating expenses

2,992,973

2,839,670

- 12 -

Combined Statement of Profit (Continued)

January to March 2021

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

Items

The first quarter of 2021

The first quarter of 2020

IV.

Gross profit (gross loss denoted by "-")

(117,489,034)

(468,261,194)

Less: Income tax expenses

(24,424,539)

(7,000,092)

V.

Net profit (net loss denoted by "-")

(93,064,495)

(461,261,102)

(1)

By continuous operation

1. Net profit from continuous operation (net

loss denoted by "-")

(93,064,495)

(461,261,102)

2. Net profit from discontinuous operation

(net loss denoted by "-")

-

-

(2)

By ownership of the equity

1. Net profit attributable to owners of the

parent (net loss denoted by "-")

(93,372,207)

(462,072,653)

2. Profit or loss of minority shareholders (net

loss denoted by "-")

307,712

811,551

VI.

Net other comprehensive income after tax

-

-

VII.

Total comprehensive income

(93,064,495)

(461,261,102)

(1)

Total comprehensive income attributable to

owners of the parent

(93,372,207)

(462,072,653)

(2)

Total comprehensive income attributable to

minority shareholders

307,712

811,551

VIII.

Earnings per share:

(1)

Basic earnings per share (¥/share)

(0.013)

(0.065)

(2)

Diluted earnings per share (¥/share)

(0.013)

(0.065)

Chairman: Wu Yong  General Manager: Hu Lingling 

Chief Accountant: Luo Xinpeng 

Chief of Finance Department: Liu Qiyi

- 13 -

Company Statement of Profit

January to March 2021

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

Items

The first quarter of 2021

The first quarter of 2020

I.

Revenues from operation

4,302,580,308

3,742,605,652

Less:

Operating costs

4,409,194,612

4,105,512,245

Business tax and surcharges

10,370,863

9,004,330

Management expenses

53,094,863

68,618,356

Finance costs

10,348,073

6,061,958

Include: Interest expense

16,875,271

14,411,213

Interest income

6,707,421

6,742,058

Add:

Other gains

3,053,122

3,611,253

Gains from investments (loss denoted by

"-")

(565,696)

1,730,891

Include: Gains from investments in associates and

joint ventures

(565,696)

1,730,891

Credit impairment losses (loss denoted by

"-")

42,504,173

-

II.

Profit from operation (loss denoted by "-")

(135,436,504)

(441,249,093)

Add: Non-operating income

3,549,293

1,076,992

Less: Non-operating expenses

2,987,274

2,830,190

III.

Gross profit (gross loss denoted by "-")

(134,874,485)

(443,002,291)

Less: Income tax expenses

(23,801,359)

(6,376,974)

- 14 -

Company Statement of Profit (Continued)

January to March 2021

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

Items

The first quarter of 2021

The first quarter of 2020

IV.

Net profit (net loss denoted by "-")

(111,073,126)

(436,625,317)

(1)

Net profit from continuous operation (net loss

denoted by "-")

(111,073,126)

(436,625,317)

(2)

Net profit from discontinuous operation (net

loss denoted by "-")

-

-

V.

Net other comprehensive income after tax

-

-

VI.

Total comprehensive income

(111,073,126)

(436,625,317)

VII.

Earnings per share:

(1)

Basic earnings per share (¥/share)

N/A

N/A

(2)

Diluted earnings per share (¥/share)

N/A

N/A

Chairman: Wu Yong  General Manager: Hu Lingling 

Chief Accountant: Luo Xinpeng 

Chief of Finance Department: Liu Qiyi

- 15 -

Combined Cash Flow Statement

January to March 2021

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

Items

The first quarter of 2021

The first quarter of 2020

I.

Cash flows from operating activities:

Cash received from sales of goods or rendering of

services

3,176,340,726

2,710,559,217

Cash received relating to other operating activities

48,276,171

87,707,349

Sub-total of cash inflows from operating activities

3,224,616,897

2,798,266,566

Cash paid for goods purchased and services accepted

1,527,901,836

724,116,809

Cash paid to and on behalf of employees

1,769,375,631

1,394,043,055

Tax paid

103,567,319

257,684,809

Cash paid relating to other operating activities

152,364,035

29,906,260

Sub-total of cash outflows from operating activities

3,553,208,821

2,405,750,933

Net cash flows from operating activities

(328,591,924)

392,515,633

II.

Cash flows from investing activities:

Net cash received from disposal of fixed assets,

intangible assets and other long-term assets

activities

93,802,016

10,787

Sub-total of cash inflows from investing activities

93,802,016

10,787

Cash paid to construct fixed assets, intangible assets

and other long-term assets

197,417,695

352,239,003

Sub-total of cash outflows from investing activities

197,417,695

352,239,003

Net cash flows from investing activities

(103,615,679)

(352,228,216)

- 16 -

Combined Cash Flow Statement (Continued)

January to March 2021

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

Items

The first quarter of 2021

The first quarter of 2020

III.

Cash flows from financing activities:

Cash received relating to other financing activities

78,053,646

-

Sub-total of cash inflows from financing activities

78,053,646

-

Net cash flows from financing activities

78,053,646

-

IV.

Effect of foreign exchange rate changes on cash

and cash equivalents

-

-

V.

Net increase in cash and cash equivalents

(354,153,957)

40,287,417

Add: Balance of cash and cash equivalents at the

  beginning of the period

1,545,232,043

1,562,333,604

VI.

Balance of cash and cash equivalents at the end of

the period

1,191,078,086

1,602,621,021

Chairman: Wu Yong  General Manager: Hu Lingling 

Chief Accountant: Luo Xinpeng 

Chief of Finance Department: Liu Qiyi

- 17 -

Company Cash Flow Statement

January to March 2021

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

Items

The first quarter of 2021

The first quarter of 2020

I.

Cash flows from operating activities:

Cash received from sales of goods or rendering of

services

3,146,238,980

2,682,817,984

Cash received relating to other operating activities

48,155,445

68,286,119

Sub-total of cash inflows from operating activities

3,194,394,425

2,751,104,103

Cash paid for goods purchased and services accepted

1,518,182,546

719,193,148

Cash paid to and on behalf of employees

1,740,751,395

1,354,561,291

Tax paid

101,959,910

255,182,072

Cash paid relating to other operating activities

928,958,449

29,650,641

Sub-total of cash outflows from operating activities

4,289,852,300

2,358,587,152

Net cash flows from operating activities

(1,095,457,875)

392,516,951

II.

Cash flows from investing activities:

Net cash received from disposal of fixed assets,

intangible assets and other long-term assets

activities

93,802,016

10,787

Sub-total of cash inflows from investing activities

93,802,016

10,787

Cash paid to construct fixed assets, intangible assets

and other long-term assets

197,417,695

352,239,003

Sub-total of cash outflows from investing activities

197,417,695

352,239,003

Net cash flows from investing activities

(103,615,679)

(352,228,216)

- 18 -

Company Cash Flow Statement (Continued)

January to March 2021

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

III.

Cash flows from financing activities:

Cash received relating to other financing activities

844,949,826

-

Sub-total of cash inflows from financing activities

844,949,826

-

Net cash flows from financing activities

844,949,826

-

IV.

Effect of foreign exchange rate changes on cash

and cash equivalents

-

-

V.

Net increase in cash and cash equivalents

(354,123,728)

40,288,735

Add: Balance of cash and cash equivalents at the

beginning of the period

1,545,222,622

1,562,323,909

VI.

Balance of cash and cash equivalents at the end of

the period

1,191,098,894

1,602,612,644

Chairman: Wu Yong 

General Manager: Hu Lingling 

Chief Accountant: Luo Xinpeng  Chief of Finance Department: Liu Qiyi

  1. Information of adjustments made to the opening financial statements for the year of first adoption of new revenue accounting standards and new lease accounting standards since 2020
    • Applicable  Not applicable
  2. Explanation of the retrospective adjustments made to the comparative figures of prior periods due to the first adoption of new revenue accounting standards and new lease accounting standards since 2020
    • Applicable  Not applicable
  3. Audit Report
    • Applicable  Not applicable

- 19 -

Disclaimer

Guangshen Railway Co. Ltd. published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 11:48:02 UTC.


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Financials
Sales 2021 19 357 M 2 994 M 2 994 M
Net income 2021 -142 M -21,9 M -21,9 M
Net cash 2021 1 081 M 167 M 167 M
P/E ratio 2021 117x
Yield 2021 0,72%
Capitalization 13 896 M 2 149 M 2 149 M
EV / Sales 2021 0,66x
EV / Sales 2022 0,58x
Nbr of Employees 41 286
Free-Float 58,6%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Average target price 1,69 CNY
Last Close Price 1,30 CNY
Spread / Highest target 133%
Spread / Average Target 30,4%
Spread / Lowest Target -10,1%
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Managers and Directors
NameTitle
Ling Ling Hu General Manager & Executive Director
Qi Yi Liu Chief-Finance Department
Yong Wu Chairman
Xiao Fan Tang Independent Non-Executive Director
Zi Long Qiu Independent Non-Executive Director
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