Shenzhen International : Overseas Regulatory Announcement - 2017 Interim 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 2017 Interim Results Preliminary Announcement released by Shenzhen Expressway Company Limited, a subsidiary of the Company.‌‌

Hong Kong, 18 August 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 Hu Wei as executive directors, Mr. Xie Chu Dao as non-executive director and Messrs. Leung Ming Yuen, Simon, Ding Xun, Nip Yun Wing and Dr. Yim Fung, JP 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. Important Notice

   2017 Interim Results Preliminary Announcement of the Company is extracted from full Interim Report 2017 of the Company. For detailed information, investor shall read the full interim report to be published on the website of SSE at http://www.sse.com.cn and HKEx at http://www.hkexnews.com.hk.

   The 2017 interim 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 share	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. Interim Profit Distribution Proposal

   The Board does not recommend any payment of 2017 interim dividend (2016 Interim: Nil), nor does it recommend any conversion of capital reserve into share capital.

6. Principal Financial Data and Information of the Shareholders

8. Principal Financial Data

   During the Reporting Period, the Group recorded revenue of RMB 2,108 million, representing a YOY increase of 2.19%. Excluding the effect of de-consolidating the Consulting Company from the Group's financial statements, the Group recorded a YOY increase of 9.37%, which was mainly due to the growth of toll revenue of the existing ancillary toll highways and the revenue contributed by the consolidation of Shenchang Company and Yichang Company, in which toll revenue of RMB1,957 million, as the main source of revenue of the Group, accounted for 92.81% of the Group's revenue.

   During the first half of 2017, the Group recorded net profit attributable to owners of the Company ("Net Profit") of RMB741,731,000 (2016 Interim: RMB614,904,000), representing a YOY increase of 20.63%. This was mainly due to the income growth recorded by the toll highways operated and invested by the Group during the Reporting Period and the revenue contributed by newly acquired projects.

   Unit: RMB

   As at 30 Jun 2017 (Unaudited)	As at 31 Dec 2016 (Audited)	Change (%)
   Total assets	36,444,043,142.13	32,384,844,447.16	12.53
   Owners' equity attributable to owners of the Company	12,932,915,290.91	12,674,475,959.27	2.04

   2017 Interim (Unaudited)	2016 Interim (Unaudited)	Change (%)
   Revenue	2,108,385,017.98	2,063,128,149.44	2.19
   Net profit attributable to owners of the Company	741,730,838.13	614,904,007.57	20.63
   Net profit attributable to owners of the Company - excluding non-recurring items	713,531,127.69	518,574,629.12	37.59
   Net cash flows from operating activities	1,162,162,186.34	904,108,048.60	28.54
   Return on equity - weighted average (%)	5.72	4.90	Increase 0.82 pct.pt
   Earnings per share - basic (RMB/share)	0.340	0.282	20.63
   Earnings per share - diluted (RMB/share)	0.340	0.282	20.63

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 the Reporting Period	The Company had 24,202 shareholders in total, including 23,964 holders of A Shares and 238 holders of H Shares.
The top ten shareholders as at the end of the Reporting Period
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 LIMITEDnote⑴	Overseas legal person	33.23%	724,635,099	－	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 Co.,Ltd.	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
China Securities Finance Corporation Limited	Domestic non-state-owned legal person	0.46%	10,100,854	－	Unknown
LIU SHEN PEI	Domestic natural person	0.38%	8,308,787	－	Unknown
HUANG HAO WEI	Domestic natural person	0.32%	7,019,907	－	Unknown
ZHANG PING YING	Domestic natural person	0.28%	6,023,400	－	Unknown
Connected relationship or concerted action relationship among the abovementioned shareholders	XTC Company and SGH Company are connected persons under the same control of Shenzhen International. 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: ⑴ The H shares held by HKSCC NOMINEES LIMITED were held on behalf of various clients.