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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Zhejiang Expressway Co | LSE:ZHEH | London | Ordinary Share | CNE1000004S4 | 'H' CNY1 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 92.1998 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMZHEH
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.
ZHEJIANG EXPRESSWAY CO., LTD.
(A joint stock limited company incorporated in the People's Republic of China
with limited liability)
(Stock code: 0576)
2016 THIRD QUARTERLY RESULTS ANNOUNCEMENT
The directors (the "Directors") of Zhejiang Expressway Co., Ltd. (the
"Company") are pleased to announce the third quarterly results of the Company
and its subsidiaries (the "Group") for the nine months ended September 30, 2016
(the "Period").
The audit committee of the Company has reviewed the quarterly results of the
Group for the Period. Set out below are the Group's unaudited condensed
consolidated statement of profit or loss and other comprehensive income,
unaudited condensed consolidated statement of financial position and unaudited
condensed consolidated statement of cash flows for the Period together with the
comparative figures for the corresponding period of 2015:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
For the nine months
ended September 30,
2016 2015
Rmb'000 Rmb'000
(Unaudited) (Unaudited
and restated)
Revenue 8,008,780 9,381,600
Operating costs (4,320,395) (5,418,088)
Gross profit 3,688,385 3,963,512
Securities investment gains 319,675 433,752
Other income 252,056 226,456
Administrative expenses (66,006) (69,792)
Other expenses (30,314) (47,067)
Share of profit of associates 30,177 41,788
Share of profit (loss) of a joint venture 6,287 (21,133)
Finance costs (506,177) (453,364)
Profit before tax 3,694,083 4,074,152
Income tax expense (923,367) (1,042,594)
Profit for the Period 2,770,716 3,031,558
Other comprehensive income (loss)
Items that may be reclassified subsequently
to profit or loss:
Available-for-sale financial assets:
- Fair values gain (loss) during the Period 28,958 (4,909)
- Reclassification adjustments for cumulative (26,023) (410)
gain included in profit or loss upon
disposal
Exchange differences on translating 88 197
foreign operations
Income tax relating to items that may be (734) 1,330
reclassified subsequently
Other comprehensive income (loss) for the 2,289 (3,792)
Period, net of tax
Total comprehensive income for the Period 2,773,005 3,027,766
Profit for the Period attributable to:
Owners of the Company 2,180,971 2,257,171
Non-controlling interests 589,745 774,387
2,770,716 3,031,558
Total comprehensive income for the Period
attributable to:
Owners of the Company 2,182,167 2,255,461
Non-controlling interests 590,838 772,305
2,773,005 3,027,766
Earnings per share - Basic and diluted Rmb50.22 Rmb51.97
cents cents
============= =============
= =
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at As at
September 30, December 31,
2016 2015
Rmb'000 Rmb'000
(Unaudited) (Audited)
Non-current assets 21,200,917 19,532,288
Current assets 49,596,778 54,359,475
Current liabilities 42,223,915 42,440,986
Net current assets 7,372,863 11,918,489
Total assets less current liabilities 28,573,780 31,450,777
Non-current liabilities 5,201,905 9,452,128
23,371,875 21,998,649
=========== ===========
Capital and Reserves
Share capital 4,343,115 4,343,115
Reserves 13,359,638 12,393,543
Equity attributable to owners of the Company 17,702,753 16,736,658
Non-controlling interests 5,669,122 5,261,991
23,371,875 21,998,649
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the nine months
ended September 30,
2016 2015
Rmb'000 Rmb'000
(Unaudited) (Unaudited
and restated)
Net cash from (used in) operating 2,432,567 (3,308,809)
activities
Net cash used in investing activities (596,757) (73,402)
Net cash (used in) from financing (2,916,694) 6,147,881
activities
Net (decrease) increase in cash and cash (1,080,884) 2,765,670
equivalents
Cash and cash equivalents at beginning of 4,983,051 3,356,563
the Period
Effect of exchange rate changes on the 88 197
balance of cash and cash equivalents
held in foreign currencies
Cash and cash equivalents at end of the 3,902,255 6,122,430
Period
========== ==========
By Order of the Board
Zhejiang Expressway Co., Ltd
ZHAN Xiaozhang
Chairman
Hangzhou, the PRC, October 31, 2016
As at the date of this announcement, the executive directors of the Company
are: Mr. ZHAN Xiaozhang, Mr. CHENG Tao and Ms. LUO Jianhu; the non-executive
directors of the Company are: Mr. WANG Dongjie, Mr. DAI Benmeng, and Mr. ZHOU
Jianping; and the independent non-executive directors of the Company are: Mr.
ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang, Rosa.
END
(END) Dow Jones Newswires
October 31, 2016 10:13 ET (14:13 GMT)
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