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)

(Stock Code: 00152) (the "Company")‌ OVERSEAS REGULATORY ANNOUNCEMENT

The document attached hereto is the Third Quarterly Report of 2017 of Shenzhen Expressway Company Limited (a subsidiary of the Company, the A shares of which are listed on the Shanghai Stock Exchange and the H shares of which are listed on The Stock Exchange of Hong Kong Limited) which has been released to the Shanghai Stock Exchange.

The document is originally prepared in Chinese. In case of any inconsistency between the Chinese version and the English version, the Chinese version shall prevail.

Hong Kong, 26 October 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, Messrs. Xie Chu Dao and Liu Xiao Dong as non-executive directors 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

SHENZHEN EXPRESSWAY COMPANY LIMITED

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

(Stock Code: 00548) THIRD QUARTERLY REPORT OF 2017

This announcement is made pursuant to the disclosure obligation under Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and related requirements.

This quarterly report is prepared in accordance with relevant regulations of the China Securities Regulatory Commission on disclosure of information in quarterly reports for listed companies. The financial information set out in this quarterly report has not been audited. Shareholders of the Company and public investors should exercise caution when trading in the shares of the Company.

  1. IMPORTANT NOTICE

  2. The board of directors, the supervisory committee and the directors, the supervisors, the senior management of Shenzhen Expressway Company Limited (the "Company") confirm the truthfulness, accuracy and completeness of the content of this quarterly report and that there are no false representations or misleading statements contained in or material omissions from this report, and assume several and joint legal responsibility.

  3. The director who was unable to attend the board meeting in which this quarterly report was approved in person:

    Name of the director unable to attend the board meeting

    Position of the director unable to attend the board meeting

    Reason for the absence

    Name of the director appointed to vote

    Tse Yat Hong

    Director

    take a vacation

    Zhao Jun Rong

    Chen Yuan Jun

    Director

    work engagement

    Wu Ya De

  4. Mr. Hu Wei, Chairman, Ms. Gong Tao Tao, Financial Controller, and Ms. Zhao Gui Ping, General Manager of Finance Department, confirm the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.

  5. The financial statements contained in the Third Quarterly Report of 2017 (the "Report") of the Company for the three months ended 30 September 2017 (the "Reporting Period" or "Period") have not been audited.

  6. Unless otherwise stated, the currency of the amounts stated in this announcement is in RMB.

  7. Unless otherwise stated, the abbreviation of the highways/projects operated, invested and managed by the Company and the investee companies of the Company in the Report shall have the same meaning as defined in the Interim Report 2017 of the Company.

  8. PRINCIPAL FINANCIAL DATA AND CHANGE IN SHAREHOLDERS

  9. Principal financial data

  10. Unit: RMB

    As at 30 Sep 2017

    As at 31 Dec 2016

    Change (%)

    Total assets

    36,319,379,044.98

    32,384,844,447.16

    12.15

    Net assets attributable to owners of the Company

    13,402,225,203.94

    12,674,475,959.27

    5.74

    Jan~Sep 2017

    Jan~Sep 2016

    Change (%)

    Net cash flows from operating activities

    2,048,022,609.99

    1,509,694,215.04

    35.66

    Jan~Sep 2017

    Jan~Sep 2016

    Change (%)

    Revenue

    3,370,642,712.59

    3,179,809,568.00

    6.00

    Net profit attributable to owners of the Company

    1,210,950,232.37

    946,755,266.61

    27.91

    Net profit attributable to owners of the Company - excluding non-recurring items

    1,202,472,963.70

    835,776,754.47

    43.87

    Return on equity - weighted average(%)

    9.27

    7.57

    Increased 1.70 percentage point

    Earnings per share - basic

    0.555

    0.434

    27.91

    Earnings per share - diluted

    0.555

    0.434

    27.91

    Non-recurring items and amounts:

    Unit: RMB

    Non-recurring items

    Jul ~ Sep 2017

    Jan ~ Sep 2017

    Descriptions

    Gain from revaluation of the fair value of the equity interest held after consolidation of entity which is not under common control

    -

    27,504,389.73

    Shenchang Company was consolidated into the Group as an entity which is not under common control, and gain was generated from revaluation of the fair value of the equity interest held prior to the acquisition date.

    Net income from entrusted management fee of entrusted operation

    8,429,433.97

    25,288,301.89

    The net income from entrusted operation and management services provided to Coastal Company and Longda Company.

    Amortisation of compensation provided by concession grantor

    6,893,365.54

    17,676,760.95

    The amortisation of compensations to Yanba Expressway and Yanpai Expressway provided by concession grantors was recognised according to traffic volume method, which was disclosed as write-downs of the amortisation of the related concession intangible assets for accounting treatment.

    Income from purchasing bank financing products

    -

    7,581,799.16

    The fair value loss on foreign exchange swap

    -43,184,384.11

    -104,364,736.45

    To lock in foreign exchange risks, a foreign exchange swap transaction for overseas debentures of USD300 million was entered into. In the first three quarters, losses incurred from changes in fair value of swap were recognised due to the appreciation of RMB.

    Other non-operating income and expenses other than the above items

    185,973.52

    25,395,084.82

    Effect on minority interest (after tax)

    -40,369.99

    -470,987.40

    Income tax effect

    7,993,539.30

    9,866,655.97

    Total

    -19,722,441.77

    8,477,268.67

Shenzhen International Holdings Ltd. published this content on 26 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2017 11:08:17 UTC.

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