Exhibit 99.1
(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 |
1.1 | 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. 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. |
1.4 | 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
At the end of this reporting period | At the end of last year | Increase/decrease as compared with the end of this reporting period of 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 beginning of the year to the end of period | From the beginning of last year to the end of the reporting period of last year | Increase/decrease as compared with the same period of last year (%) | ||||
Net cash flow from operating activities | (328,591,924) | 392,515,633 | (183.71) | |||
From the beginning of the year to the end of the reporting period | From the beginning of last year to the end of the reporting period of last year | Increase/decrease as compared with the same period of 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
Items | Amount for the 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 |
Unit: Shares
Total number of shareholders (Number) | 202,110 | |||||||||||||||||||||
Shareholding of top ten shareholders
| ||||||||||||||||||||||
Name of shareholder (Full name) | Number of period | Percentage (%) | Number of selling held | Subject to pledge or frozen | Nature of shareholder | |||||||||||||||||
Status of shares | Number | |||||||||||||||||||||
China Railway Guangzhou Group Co., Ltd. | 2,629,451,300 | 37.12 | — | None | — | State-owned legal person | ||||||||||||||||
HKSCC NOMINEES LIMITED (Note) | 1,538,497,803 | 21.72 | — | Unknown | — | Foreign legal person | ||||||||||||||||
Lin Naigang | 124,000,000 | 1.75 | — | Unknown | — | Domestic natural person | ||||||||||||||||
Li Wei | 32,000,001 | 0.45 | — | Unknown | — | Domestic natural person | ||||||||||||||||
Taiyuan Iron & Steel (Group) Company Limited | 29,338,189 | 0.41 | — | Unknown | — | State-owned legal person | ||||||||||||||||
Li Haihong | 28,541,961 | 0.40 | — | Unknown | — | Domestic 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 | ||||||||||
Name of shareholders | Number of shares held without selling restrictions | Class and number of shares | ||||||||
Class | Number | |||||||||
China Railway Guangzhou Group Co., Ltd. | 2,629,451,300 | | Renminbi-denominated ordinary shares |
| 2,629,451,300 | |||||
HKSCC NOMINEES LIMITED (Note) | | Renminbi-denominated ordinary shares |
| 121,383,504 | ||||||
1,538,497,803 | | Overseas listed foreign shares | | 1,417,114,299 | ||||||
Lin Naigang | 124,000,000 | | Renminbi denominated ordinary shares |
| 124,000,000 | |||||
Li Wei | 32,000,001 | | Renminbi denominated ordinary shares |
| 32,000,001 | |||||
Taiyuan Iron & Steel (Group) Company Limited | 29,338,189 | | Renminbi-denominated ordinary shares |
| 29,338,189 | |||||
Li Haihong | 28,541,961 | | Renminbi denominated ordinary shares |
| 28,541,961 | |||||
Harvest Fund — Agricultural Bank of China — Harvest | 28,101,600 | | Renminbi-denominated ordinary shares |
| 28,101,600 | |||||
Yinhua Fund — Agricultural Bank of China — Yinhua | 26,814,300 | | Renminbi-denominated ordinary shares |
| 26,814,300 | |||||
Zhongou Fund — Agricultural Bank of China — Zhongo | 26,436,800 | | Renminbi-denominated ordinary shares |
| 26,436,800 | |||||
Southern Fund — Agricultural Bank of China — Southern | 24,907,300 | | Renminbi denominated ordinary shares |
| 24,907,300 | |||||
Statement regarding connected relationship or concerted | 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: | 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 of Profit | Items | Jan-Mar 2021 | Jan-Mar 2020 | | Movement (%) |
| Major reason analysis | |||||||||
(1) | Credit impairment loss | (42,504,173 | ) | — | 100.00 | Recalculate according to the estimated credit loss rate stipulated by the railway transportation enterprise and reverse the credit impairment loss accrued in the previous year. | ||||||||||
(2) | Net profit attributable to owners of the parent | (93,372,207 | ) | (462,072,653 | ) | N/A | Due to the effective control of the COVID-19 pandemic in PRC, the passenger and good transportation volume of the Company have recovered during the reporting period with increased income from operation of the Company. | |||||||||
Cash Flow Statement | Items | | Jan – Mar 2021 |
| | Jan – Mar 2020 |
| | Movement (%) |
| Major reason analysis | |||||
(1) | Net cash flows from operating activities | (328,591,924 | ) | 392,515,63 | 3 | (183.71) | Due to the payment of unpaid construction and equipment 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 from investing activities | (103,615,679 | ) | (352,228,216 | ) | N/A | Due to the decrease in fixed asset investment expenditures. |
- 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 | 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’ equity) | 36,646,601,884 | 36,648,550,098 |
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
4.2 | 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
4.3 | 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
4.4 | Audit Report |
☐ Applicable ✓ Not applicable
- 19 -