Shenzhen International : Overseas Regulatory Announcement - 2016 Annual Results Preliminary Announcement of Shenzhen Expressway Company Limited

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.

(incorporated in Bermuda with limited liability)

The document attached hereto is the 2016 Annual Results Preliminary Announcement released by Shenzhen Expressway Company Limited, a subsidiary of the Company.

Hong Kong, 17 March 2017

As at the date of this announcement, the board of directors of the Company consists of Messrs. Gao Lei, Li Hai Tao, Zhong Shan Qun, Liu Jun and Li Lu Ning as executive directors, Dr. Yim Fung, JP as non-executive director and Messrs. Leung Ming Yuen, Simon, Ding Xun and Nip Yun Wing as independent non-executive directors.

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.

深 圳 高 速 公 路 股 份 有 限 公 司

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

1. Important Notice

2. 2016 Annual Results Preliminary Announcement of the Company is extracted from the full Annual Report 2016 of the Company. For detailed information, investor shall read the full Annual Report to be published on the website of SSE at http://www.sse.com.cn and HKEx at http://www.hkexnews.com.hk.

   All the information to accompany preliminary announcement of results for the financial year required under Appendix 16 to the Listing Rules was included in the 2016 Annual Results Preliminary Announcement published on the website of HKEx.

   The 2016 annual financial statements of the Company were prepared in accordance with CASBE, and also were complied with the disclosure requirements under the Hong Kong Companies Ordinance and the Listing Rules.

   Unless otherwise stated, the amounts stated in this announcement are in RMB.

3. Basic Information of the Company

4. Type of shares	A Share	H Share
   Abbreviation	Shenzhen Expressway	Shenzhen Expressway
   Stock code	600548	00548
   Listing exchanges	SSE	HKEx
   Contacts and details	Secretary of the Board	Securities Officer
   Name	LUO Kun	GONG Xin, XIAO Wei
   Telephone	(86) 755-8285 3331	(86) 755-8285 3338
   Fax	(86) 755-8285 3400
   E-mail	secretary@sz-expressway.com

5. Proposed Profit Distribution

   The Board recommended the payment of a final dividend of RMB 0.22 (proposal) (tax included) per share in cash to all shareholders (2015: RMB0.34 per share), based on the total share capital of 2,180,770,326 as at the end of 2016 and totaling RMB479,769,471.72 The aforesaid proposal shall be subject to approval by shareholders at the 2016 Annual General Meeting of the Company. The date of the annual general meeting, the record date for dividend payment, dividend payment procedures and payment date, and the book closure period for H Shares will be notified separately. It is expected that the dividend will be distributed on or before 21 July 2017.

6. Principal Financial Data and Information of the Shareholders
8. Principal Financial Data

   During the Reporting Period, the Group recorded a revenue of RMB4,532 million, representing an increase of 32.50% YOY. Net profit attributable to owners of the Company amounted to RMB1,169 million with earnings per share of RMB 0.536, representing an decrease of 24.69% YOY.

   Unit: RMB

   As at 31 Dec 2016	As at 31 Dec 2015	Change as compared to the end of last year	As at 31 Dec 2014
   Total assets	32,384,844,447.16	31,670,655,088.41	2.26%	24,329,324,209.02
   Owners' equity attributable to owners of the Company	12,674,475,959.27	12,368,892,973.17	2.47%	11,797,581,861.32
   2016	2015	Change as compared to last year	2014
   Revenue	4,532,209,156.54	3,420,578,335.19	32.50%	3,620,357,480.08
   Net profit attributable to owners of the Company	1,169,353,230.77	1,552,656,397.24	-24.69%	2,186,883,365.49
   Net profit attributable to owners of the Company - excluding non-recurring items	1,004,716,957.76	527,396,785.06	90.50%	963,942,971.64
   Net cash flows from operating activities	2,126,610,026.45	1,771,505,130.32	20.05%	1,793,755,282.29
   Return on equity - weighted average (%)	9.35	12.94	Decrease3.59pct.pt	20.14
   Earnings per share - basic (RMB/share)	0.536	0.712	-24.69%	1.003
   Earnings per share - diluted (RMB/share)	0.536	0.712	-24.69%	1.003

9. Information of the Total Number of Shareholders and the Top Ten Shareholders

   As at the end of the Reporting Period, based on the shareholders' registers provided by the share registrars and the transfer offices of the Company in the PRC and Hong Kong, the information of the total number of shareholders and the top ten shareholders of the Company were as follows:

   Unit: share

   Total number of shareholders as at the end of 2016		The Company had 23,826 shareholders in total, including 23,586 holders of A Shares and 240 holders of H Shares.
   Total number of shareholders as at the end of the last month prior to the Reporting Date		The Company had 22,392 shareholders in total, including 22,153 holders of A Shares and 239 holders of H Shares.
   Top ten shareholders as at the end of 2016
   Name of shareholder	Nature of shareholders	Percentage	Number of shares held	Number of restricted circulating shares held	Number of shares pledged or frozen
   HKSCC NOMINEES LIMITED note	Overseas legal person	33.14%	722,707,099	－	Unknown
   Xin Tong Chan Development (Shenzhen) Company Limited	Domestic non-state-owned legal person	30.03%	654,780,000	－	None
   Shenzhen Shen Guang Hui Highway Development Company	Domestic non-state-owned legal person	18.87%	411,459,887	－	None
   China Merchants Expressway Network & Technology Holdings Company Limited	State-owned legal person	4.00%	87,211,323	－	None
   Guangdong Roads and Bridges Construction Development Company Limited	State-owned legal person	2.84%	61,948,790	－	None
   AU SIU KWOK	Overseas natural person	0.50%	11,000,000	－	Unknown
   HUANG YUN GE	Domestic natural person	0.46%	10,024,429	－	Unknown
   ZHANG PING YING	Domestic natural person	0.33%	7,283,145	－	Unknown
   IP KOW	Overseas natural person	0.32%	7,000,000	－	Unknown
   LIU SHEN PEI	Domestic natural person	0.25%	5,499,550	－	Unknown
   Connected relationship or concerted action relationship among the abovementioned shareholders	Xin Tong Chan Development (Shenzhen) Company Limited and Shenzhen Shen Guang Hui Highway Development Company are connected persons under the same control of Shenzhen International Holdings Limited. There is no connected relationship among the state-owned shareholders in the above table. The Company did not notice any connected relationship among the other abovementioned shareholders or any connected relationship among the abovementioned state-owned shareholders and other shareholders.

   Note: The H Shares held by HKSCC NOMINEES LIMITED were held on behalf of various clients.

10. The Ownership and the Relation of Control Between the Company and the De-facto Controller

Shenzhen SASAC

100%

SIHCL

100%

Ultrarich International Limited

44.26%

Shenzhen International

100%

100%

100%

Advance Great Limited	XTC Company	SGH Company
1.996% (H Shares)		30.025% (A Shares)	18.868% (A Shares
The Company

)