GUANGSHEN RAILWAY CO LTD
CIK:0001012139|SEC Filings
CONSOLIDATED COMPREHENSIVE INCOME STATEMENTS $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2021
CNY (¥)
¥ / shares
|
Dec. 31, 2021
USD ($)
$ / shares
|
Dec. 31, 2020
CNY (¥)
¥ / shares
|
Dec. 31, 2019
CNY (¥)
¥ / shares
|
||||
| Revenue | |||||||
| Total revenue | ¥ 20,206,157,000 | $ 3,170,787 | [1] | ¥ 16,349,366,000 | ¥ 21,178,351,000 | ||
| Operating expenses | |||||||
| Employee benefits | (8,689,463,000) | (7,684,435,000) | (8,078,943,000) | ||||
| Materials and supplies | (1,497,587,000) | (1,296,779,000) | |||||
| Depreciation of right-of-use assets | (68,410,000) | (65,511,000) | (65,324,000) | ||||
| Depreciation of fixed assets | (1,786,110,000) | (1,662,179,000) | (1,637,298,000) | ||||
| Total operating expenses | (21,574,642,000) | (3,385,532) | [1] | (18,186,790,000) | (20,076,414,000) | ||
| Derecognition of land use right | 0 | 0 | [1] | 1,188,645,000 | 0 | ||
| Reversal of impairment losses on financial assets, net | 40,613,000 | 6,373 | [1] | 358,000 | 0 | ||
| Other (losses)/gains – net | 134,718,000 | 21,140 | [1] | (3,841,000) | (29,096,000) | ||
| Operating profit/(loss) | (1,193,154,000) | (187,232) | [1] | (652,262,000) | 1,072,841,000 | ||
| Finance costs – net | (74,576,000) | (11,702) | [1] | (60,645,000) | (56,710,000) | ||
| Share of results of associates, net of tax | 18,144,000 | 2,847 | [1] | 22,162,000 | (7,039,000) | ||
| Profit/(loss) before income tax | (1,249,586,000) | (196,087) | [1] | (690,745,000) | 1,009,092,000 | ||
| Income tax (expense)/credit | 275,623,000 | 43,251 | [1] | 132,645,000 | (261,128,000) | ||
| Profit/(loss) for the year | (973,963,000) | (152,836) | [1] | (558,100,000) | 747,964,000 | ||
| Other comprehensive income | 0 | 0 | [1] | 0 | 0 | ||
| Total comprehensive income for the year, net of tax | (973,963,000) | (152,836) | [1] | (558,100,000) | 747,964,000 | ||
| Profit/(Loss) attributable to: | |||||||
| Equity holders of the Company | (973,119,000) | (152,704) | [1] | (557,876,000) | 748,439,000 | ||
| Non-controlling interests | (844,000) | (132) | [1] | (224,000) | (475,000) | ||
| Profit/(loss) for the year | (973,963,000) | (152,836) | [1] | (558,100,000) | 747,964,000 | ||
| Total comprehensive income attributable to: | |||||||
| Equity holders of the Company | (973,119,000) | (152,704) | [1] | (557,876,000) | 748,439,000 | ||
| Non-controlling interests | (844,000) | (132) | [1] | (224,000) | (475,000) | ||
| Total comprehensive income for the year, net of tax | ¥ (973,963,000) | $ (152,836) | [1] | ¥ (558,100,000) | ¥ 747,964,000 | ||
| Earnings/(Loss) per share for profit attributable to the equity holders of the Company during the year | |||||||
| Basic loss per share | (per share) | ¥ (0.14) | $ (0.02) | [1] | ¥ (0.08) | ¥ 0.11 | ||
| Diluted loss per share | (per share) | (0.14) | (0.02) | [1] | (0.08) | 0.11 | ||
| Earnings/(Loss) per equivalent ADS | |||||||
| Basic loss per share | (per share) | (6.87) | (1.08) | [1] | (3.94) | 5.28 | ||
| Diluted loss per share | (per share) | ¥ (6.87) | $ (1.08) | [1] | ¥ (3.94) | ¥ 5.28 | ||
| Closing foreign exchange rate | 6.3726 | 6.3726 | |||||
| Railroad business [member] | |||||||
| Revenue | |||||||
| Passenger | ¥ 6,169,109,000 | $ 968,068 | [1] | ¥ 4,114,522,000 | ¥ 8,009,590,000 | ||
| Freight | 2,035,437,000 | 319,404 | [1] | 1,698,576,000 | 2,112,596,000 | ||
| Railway network usage and other transportation related services | 10,814,585,000 | 1,697,045 | [1] | 9,572,330,000 | 9,903,382,000 | ||
| Total revenue | 19,019,131,000 | 2,984,517 | [1] | 15,385,428,000 | 20,025,568,000 | ||
| Operating expenses | |||||||
| Business tax and surcharge | (43,289,000) | (6,793) | [1] | (29,443,000) | (55,127,000) | ||
| Employee benefits | (8,147,798,000) | (1,278,567) | [1] | (7,185,147,000) | (7,507,439,000) | ||
| Equipment leases and services | (6,749,319,000) | (1,059,115) | [1] | (4,971,366,000) | (5,715,665,000) | ||
| Materials and supplies | (1,190,697,000) | (186,846) | [1] | (1,064,667,000) | (1,416,128,000) | ||
| Repair and facilities maintenance costs, excluding materials and supplies | (1,189,762,000) | (186,700) | [1] | (1,147,603,000) | (1,073,731,000) | ||
| Depreciation of right-of-use assets | (57,078,000) | (8,957) | [1] | (54,179,000) | (53,992,000) | ||
| Depreciation of fixed assets | (1,755,502,000) | (275,477) | [1] | (1,631,331,000) | (1,612,683,000) | ||
| Cargo logistics and outsourcing service charges | (595,048,000) | (93,376) | [1] | (462,708,000) | (220,113,000) | ||
| Utility and office expenses | (89,491,000) | (14,043) | [1] | (88,731,000) | (137,117,000) | ||
| Others | (657,303,000) | (103,145) | [1] | (607,130,000) | (1,150,190,000) | ||
| Total operating expenses | (20,475,287,000) | (3,213,019) | [1] | (17,242,305,000) | (18,942,185,000) | ||
| Other businesses [member] | |||||||
| Revenue | |||||||
| Total revenue | 1,187,026,000 | 186,270 | [1] | 963,938,000 | 1,152,783,000 | ||
| Operating expenses | |||||||
| Employee benefits | (541,665,000) | (84,999) | [1] | (499,288,000) | (571,504,000) | ||
| Materials and supplies | (306,890,000) | (48,158) | [1] | (232,112,000) | (320,748,000) | ||
| Depreciation of right-of-use assets | (11,332,000) | (1,778) | [1] | (11,332,000) | (11,332,000) | ||
| Depreciation of fixed assets | (30,608,000) | (4,803) | [1] | (30,848,000) | (24,615,000) | ||
| Utility and office expenses | (37,762,000) | (5,926) | [1] | (42,933,000) | (82,550,000) | ||
| Others | (171,098,000) | (26,849) | [1] | (127,972,000) | (123,480,000) | ||
| Total operating expenses | ¥ (1,099,355,000) | $ (172,513) | [1] | ¥ (944,485,000) | ¥ (1,134,229,000) | ||
| |||||||
CONSOLIDATED CASH FLOWS STATEMENTS ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2021
CNY (¥)
|
Dec. 31, 2021
USD ($)
|
Dec. 31, 2020
CNY (¥)
|
Dec. 31, 2019
CNY (¥)
|
||||
| Cash flows from operating activities | |||||||
| Cash generated from operations | ¥ 1,002,880 | $ 157,374 | [1] | ¥ 1,587,621 | ¥ 2,748,668 | ||
| Income tax paid | (412) | (65) | [1] | (251,448) | (353,423) | ||
| Net cash generated from operating activities | 1,002,468 | 157,309 | [1] | 1,336,173 | 2,395,245 | ||
| Cash flows from investing activities | |||||||
| Payments for acquisition of fixed assets and construction-in-progress; and prepayments for fixed assets and construction-in-progress, net of related payables | (1,060,262) | (166,378) | [1] | (853,347) | (2,441,116) | ||
| Proceeds from disposal of fixed assets | 29,196 | 4,581 | [1] | 32,599 | 3,036 | ||
| Proceeds from disposal of other long-term assets | 93,802 | 14,720 | [1] | 132,086 | 263,943 | ||
| Interest received on term deposits with maturities more than three months | 1,350 | 212 | [1] | 0 | 857 | ||
| Payments for financial assets at fair value through other comprehensive income | 0 | 0 | [1] | (26,586) | (29,799) | ||
| Decrease in term deposits with maturities more than three months | 60,000 | 9,415 | [1] | 0 | 0 | ||
| Increase in term deposits with maturities more than three months | (60,000) | (9,415) | [1] | (220,000) | 109,000 | ||
| Dividends received | 9,802 | 1,538 | [1] | 7,735 | 7,047 | ||
| Net cash used in investing activities | (926,112) | (145,327) | [1] | (927,513) | (2,087,032) | ||
| Cash flows from financing activities | |||||||
| Dividends paid to the Company's shareholders | 0 | 0 | [1] | (425,012) | (425,012) | ||
| Payment of lease liabilities | (62,126) | (9,749) | [1] | (60,750) | (59,620) | ||
| Net cash used in financing activities | (62,126) | (9,749) | [1] | (485,762) | (484,632) | ||
| Net (decrease) /increase in cash and cash equivalents | 14,230 | 2,233 | [1] | (77,102) | (176,419) | ||
| Cash and cash equivalents, at beginning of year | 1,485,232 | 233,065 | [1] | 1,562,334 | 1,738,753 | ||
| Cash and cash equivalents, at end of year | ¥ 1,499,462 | $ 235,298 | [1] | ¥ 1,485,232 | ¥ 1,562,334 | ||
| Closing foreign exchange rate | 6.3726 | 6.3726 | |||||
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CONSOLIDATED BALANCE SHEETS ¥ in Thousands, $ in Thousands |
Dec. 31, 2021
CNY (¥)
|
Dec. 31, 2021
USD ($)
|
Dec. 31, 2020
CNY (¥)
|
|||
|---|---|---|---|---|---|---|
| Non-current assets | ||||||
| Fixed assets – net | ¥ 24,010,161 | $ 3,767,718 | [1] | ¥ 23,016,415 | ||
| Right-of-use assets | 3,116,382 | 489,028 | [1] | 3,183,470 | ||
| Construction-in-progress | 1,588,935 | 249,339 | [1] | 2,778,676 | ||
| Prepayments for fixed assets and construction-in-progress | 39,380 | 6,180 | [1] | 36,744 | ||
| Goodwill | 281,255 | 44,135 | [1] | 281,255 | ||
| Investment in associates | 225,338 | 35,360 | [1] | 196,848 | ||
| Deferred tax assets | 698,396 | 109,594 | [1] | 422,954 | ||
| Long-term prepaid expenses | 64,140 | 10,065 | [1] | 43,889 | ||
| Financial assets at fair value through other comprehensive income | 463,696 | 72,764 | [1] | 377,631 | ||
| Long-term deposits | 160,000 | 25,107 | [1] | 160,000 | ||
| Long-term receivable | 20,226 | 3,174 | [1] | 23,734 | ||
| Total non-current assets | 30,667,909 | 4,812,464 | [1] | 30,521,616 | ||
| Current assets | ||||||
| Materials and supplies | 271,583 | 42,617 | [1] | 296,406 | ||
| Trade receivables | 4,396,174 | 689,856 | [1] | 3,721,677 | ||
| Prepayments and other receivables | 508,294 | 79,763 | [1] | 695,522 | ||
| Short-term deposits | 60,000 | 9,415 | [1] | 60,000 | ||
| Cash and cash equivalents | 1,499,462 | 235,298 | [1] | 1,485,232 | ||
| Total current assets | 6,735,513 | 1,056,949 | [1] | 6,258,837 | ||
| Total assets | 37,403,422 | 5,869,413 | [1] | 36,780,453 | ||
| EQUITY AND LIABILITIES | ||||||
| Share capital | 7,083,537 | 1,111,562 | [1] | 7,083,537 | ||
| Share premium | 11,562,657 | 1,814,433 | [1] | 11,562,657 | ||
| Other reserves | 3,288,655 | 516,062 | [1] | 3,266,425 | ||
| Retained earnings | 5,307,100 | 832,800 | [1] | 6,280,219 | ||
| Capital and reserves attributable to the Company's equity holders | 27,241,949 | 4,274,857 | [1] | 28,192,838 | ||
| Non-controlling interests | (37,513) | (5,887) | [1] | (36,669) | ||
| Non-current liabilities | ||||||
| Lease liabilities | 1,320,835 | 207,268 | [1] | 1,315,693 | ||
| Deferred tax liabilities | 56,420 | 8,854 | [1] | 58,913 | ||
| Deferred income related to government grants | 781,563 | 122,644 | [1] | 104,939 | ||
| Total non-current liabilities | 2,158,818 | 338,766 | [1] | 1,479,545 | ||
| Current liabilities | ||||||
| Trade and bill payables | 3,112,710 | 488,452 | [1] | 2,073,922 | ||
| Contract liabilities | 112,442 | 17,645 | [1] | 215,305 | ||
| Payables for fixed assets and construction-in-progress | 2,776,708 | 435,726 | [1] | 2,914,696 | ||
| Dividends payable | 13,746 | 2,157 | [1] | 13,749 | ||
| Income tax payable | 2,597 | 408 | [1] | 697 | ||
| Current portion of lease liabilities | 63,249 | 9,925 | [1] | 61,880 | ||
| Accruals and other payables | 1,955,175 | 306,809 | [1] | 1,849,656 | ||
| Other current liability | 3,541 | 555 | [1] | 14,834 | ||
| Total current liabilities | 8,040,168 | 1,261,677 | [1] | 7,144,739 | ||
| Total liabilities | 10,198,986 | 1,600,443 | [1] | 8,624,284 | ||
| Total equity | 27,204,436 | 4,268,970 | [1] | 28,156,169 | ||
| Total equity and liabilities | ¥ 37,403,422 | $ 5,869,413 | [1] | ¥ 36,780,453 | ||
| Closing foreign exchange rate | 6.3726 | 6.3726 | ||||
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