Stock Code：000429，200429 Stock Abbreviation ：Guangdong Expressway A, Guangdong Expressway BAnnouncement No.:2022-032
Summary of 2022 Semi-Annual Report of Guangdong Provincial
Expressway Development Co., Ltd.1 Important notesThe summary is abstract from full-text of semi-annual report, for more details information , investors shouldfound in the full-text of annual report that published on website of Shenzhen Stock Exchange and other websiteappointed by CSRC.
All the directors have attended the meeting of the board meeting at which this report was examined
Non-standard audit advice
□ Applicable √ Not applicable
The Board of Directors considered the plan for the distribution of ordinary shares in the reporting period or theplan for the transfer of capital reserve.
□ Applicable √ Not applicable
The company plans not to send cash dividends, do not send bonus shares, not to increase the share capital.
The Board of Directors decided to adopt the Preplan Preference Share Profit Distribution Plan for the reportingperiod
□ Applicable √ Not applicable
II Company basic information
1. Company Profile
| Stock abbreviation: | Expressway A, Expressway B | Stock code： | 000429、200429 |
| Stock exchange for listing | Shenzhen Stock Exchange | ||
| Board secretary | Securities affairs Representative | |
| Name | Yang Hanming | Liang Jirong |
| Contact address | 46/F, Litong Plaza, No.32, Zhujiang East Road, Zhujiang New City, Tihe Disrtict , Guangzhou | 45/F, Litong Plaza, No.32, Zhujiang East Road, Zhujiang New City, Tihe Disrtict , Guangzhou |
| Tel | 020-29004619 | 020-29004523 |
| Hmy69@126.com | 139221590@qq.com |
2.Summary of Accounting Data and Financial Indicators
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes ? No
| Reporting period | Same period of last year | YoY+/-（%） | |
| Operating income（yuan） | 2,057,420,809.68 | 2,488,474,669.81 | -17.32% |
| Net profit attributable to the shareholders of the listed company（yuan） | 773,786,851.68 | 848,860,350.64 | -8.84% |
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（yuan） | 743,090,095.19 | 842,743,158.64 | -11.82% |
| Cash flow generated by business operation, net（yuan） | 1,443,551,266.30 | 1,815,293,217.25 | -20.48% |
| Basic earning per share(yuan/Share) | 0.37 | 0.41 | -9.76% |
| Diluted gains per share(yuan/Share) | 0.37 | 0.41 | -9.76% |
| Weighted average income/asset ratio（%） | 8.45% | 10.16% | -1.71% |
| As at the end of the reporting period | As at the end of last year | YoY+/-（%） | |
| Gross assets（yuan） | 19,737,220,017.64 | 18,875,766,799.31 | 4.56% |
| Shareholders’ equity attributable to shareholders of the listed company（yuan） | 8,549,301,415.60 | 8,982,437,985.17 | -4.82% |
3.Number of shareholders and shareholding
In share
| Total number of common shareholders at the end of the reporting period | 47,944 | Total number of preferred shareholders that had restored the voting right at the end of the reporting period (if any) (note 8) | 0 | ||||||
| top ten shareholders | |||||||||
| Shareholders | Nature of shareholder | Proportion of shares held（%） | Number of shares held at period -end | Changes in reporting period | Amount of restricted shares held | Amount of un-restricted shares held | Number of share pledged/frozen | ||
| State of share | Amount | ||||||||
| Guangdong Communication Group Co.,Ltd | State-owned legal person | 24.56% | 513,485,480 | 410,105,738 | 103,379,742 | ||||
| Guangdong Highway Construction Co., Ltd, | State-owned legal person | 22.30% | 466,325,020 | 466,325,020 | |||||
| Shangdong Expressway Investment Development Co., Ltd. | State-owned legal person | 9.68% | 202,429,149 | 202,429,149 | |||||
| Tibet Hetai Enterprise Management Co., Ltd. | State-owned legal person | 4.84% | 101,214,574 | 101,214,574 | |||||
| Guangdong Provincial Freeway Co.,Ltd. | State-owned legal person | 2.53% | 52,937,491 | 19,582,228 | 33,355,263 | ||||
| Feng Wuchu | Domestic natural person shares | 1.04% | 21,646,105 | 58,134 | 21,646,105 | |||
| HKSCC | Overseas legal person | 0.87% | 18,112,455 | -1,417,176 | 18,112,455 | |||
| Happy life insurance Co., Ltd.-Dividend | Other | 0.81% | 16,928,878 | 86,400 | 16,928,878 | |||
| China Life Insurance Co., Ltd.－Dividend －Personal dividend -005L-FH002 Shen | Other | 0.75% | 15,640,085 | -222,080 | 15,640,085 | |||
| Xinyue Co., Ltd. | Overseas legal person | 0.63% | 13,201,086 | 13,201,086 | ||||
| Strategic investor or general legal person becoming top-10 ordinary shareholder due to rights issue (if any) (see note 3) | None | |||||||
| Related or acting-in-concert parties among shareholders above | Guangdong Communication Group Co., Ltd. is the parent company of Guangdong Highway Construction Co., Ltd.，Guangdong Provincial Freeway Co.,Ltd. and Xinyue Co., Ltd., It is unknown whether there is relationship between other shareholders and whether they are persons taking concerted action specified in the Regulations on Disclosure of Information about Change in Shareholding of Shareholders of Listed Companies. | |||||||
4. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
5.The total number of shareholders of the Company's preferred shares and the shareholdings of the top 10preferred shareholdersThe Company did not have any preferred shareholding in the report period.
6、Bonds existing on the approval date of semi annual report
√Applicable □ Not applicable
1. Basic information
| Bond name | Bond short name | Bond code | Issue day | Due day | Bond balance | Interest rate |
| Guangdong Provincial Expressway Development Co., Ltd. 2019 first phase medium-term notes | 19 Guangdong Expressway MTN001 | 101900252 | February 27,2019 | March 1,2024 | 679,249,314.45 | 4% |
| Guangdong Provincial Expressway Development Co., Ltd. 2020 first phase medium-term notes | 20 Guangdong Expressway MTN001 | 102000367 | March 13,2020 | March 17,2025 | 748,654,443.53 | 3% |
2、Financial indicators as of the end of the reporting period
| Items | At the end of the reporting period | At the end of last year |
| Debt ratio | 44.89% | 40.02% |
| Amount of this period | Amount of last period | |
| EBITDATime interest earned ratio | 15.96 | 15.46 |
III.Explanation on other significant events
Guangdong Provincial Expressway Development Co., Ltd received the informal letter No. 24-[2022] YueTransportation Operation-"Notice of the Department of Transportation of Guangdong Province on IssuesConcerning the Expiration of Toll Collection of Guangfo Expressway" issued by Guangdong ProvincialDepartment of Transportation", with the main content as follows:
1. Guangfo Expressway shall stop toll collection from 0:00 on March 3, 2022, retain the existing tollfacilities and operate as usual in a zero-rate manner, exempt vehicle tolls for all vehicles passing this road section,and collect vehicle tolls on behalf for other road sections.
2. After the toll collection is stopped, Guangfo Expressway Co., Ltd shall continue to be responsible for themanagement and maintenance of Guangfo Expressway.
Guangfo Expressway Co., Ltd is a holding subsidiary to the Company, and the Company holds 75% of itsequity. The Company and Guangfo Company will conduct timely inspection, maintenance and management ofGuangfo Expressway and its ancillary facilities, as well as communication, monitoring, network toll collectionand other systems in strict accordance with the national and provincial standards and specifications, thus to ensurethat they are in good technical conditions and to ensure the order of network toll collection operation. It will do agood job in traffic flow monitoring and traffic guidance after the toll collection of Guangfo Expressway is stopped,and will provide high-quality services for passing vehicles and personnel.