Stock Code：000429，200429 Stock Abbreviation ：Guangdong Expressway A, Guangdong Expressway B
Announcement No.:2018-029
Summary of 2018 Semi-Annual Report of Guangdong Provincial
Expressway Development Co., Ltd.
1 Important notes
The summary is abstract from full-text of semi-annual report, for more details information , investors should
found in the full-text of annual report that published on website of Shenzhen Stock Exchange and other website
appointed by CSRC.
Director, Supervisor, Senior Manager Objection Statement: None.
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 the
plan 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 reporting
period
□ Applicable √ Not applicable
II Company basic information
1.Company Profile
Board secretary Securities affairs Representative
Name Yang Hanming Liang Jirong
46/F, Litong Plaza, No.32, Zhujiang East 45/F, Litong Plaza, No.32, Zhujiang East
Contact address Road, Zhujiang New City, Tihe Disrtict , Road, Zhujiang New City, Tihe Disrtict ,
Guangzhou Guangzhou
Tel 020-29004619 020-29004523
Fax 020-38787002 020-38787002
E-mail Hmy69@126.com 139221590@qq.com
2. Summary of Accounting data and shareholder change
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data
□Yes √ No
In RMB
Reporting period Same period of last year YoY+/-（%）
Operating income（yuan） 1,535,864,145.14 1,440,222,563.74 6.64%
Net profit attributable to the shareholders
779,002,246.98 892,848,012.53 -12.75%
of the listed company（yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 752,917,711.53 641,933,600.43 17.29%
listed company（yuan）
Cash flow generated by business operation,
817,279,588.10 1,022,392,235.37 -20.06%
net（yuan）
Basic earning per share(yuan/Share) 0.37 0.43 -13.95%
Diluted gains per share(yuan/Share) 0.37 0.43 -13.95%
Weighted average income/asset ratio（%） 8.60% 10.55% -1.95%
As at the end of the
As at the end of last year YoY+/-（%）
reporting period
Gross assets（yuan） 15,867,983,183.17 16,523,315,093.72 -3.97%
Shareholders’ equity attributable to
8,674,276,291.67 9,023,071,118.45 -3.87%
shareholders of the listed company（yuan）
3.Particulars about top ten shareholders
In share
Total number of preferred
Total number of common
shareholders that had restored the
shareholders at the end of the 61,104 voting right at the end of the 0
reporting period
reporting period (if any) (note 8)
Particulars about shares held by top ten shareholders
Number of share
Proportion of Number of Amount of pledged/frozen
Shareholders Nature of shareholder shares held shares held at restricted shares
（%） period -end held State of
Amount
share
Guangdong Communication Group
State-owned legal person 24.55% 513,382,595 410,002,853
Co.,Ltd
Guangdong Highway Construction
State-owned legal person 22.30% 466,325,020 466,325,020
Co., Ltd,
Yadong Fuxing Yalian Investment Domestic non State-owned
9.68% 202,429,149 202,429,149 Pledge 156,652,500
Co., Ltd. Legal person
Tibet Yingyue Investment Domestic non State-owned
4.84% 101,214,574 101,214,574
Management Co., Ltd. Legal person
Guangdong Expressway Co., Ltd. State-owned legal person 2.53% 52,937,491 52,937,491
Domestic non State-owned
Guangfa Securities Co., Ltd. 1.45% 30,364,372 30,364,372
Legal person
Domestic natural person
Feng Wuchu 1.08% 22,593,729
shares
Agricultural Bank of China－
Jingshun Great Wall Energy Domestic non State-owned
0.69% 14,381,528
Infrastructure Mixed Securities Legal person
Investment Fund
Xinyue Co., Ltd. Foreign legal person 0.63% 13,201,086
PRUSIK UMBRELLA UCITS
Foreign legal person 0.62% 12,999,871
FUND PLC
Guangdong Communication Group Co., Ltd. is the parent company of
Explanation on associated relationship or concerted action of the Guangdong Highway Construction Co., Ltd, Guangdong Expressway
above shareholders 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 10
preferred shareholders
□ Applicable √ Not Applicable
The Company did not have any shareholding in the report period.
6. The corporate bonds
Whether the company has a public offering and listed on the stock exchange, and in the semi-annual report
approved the date of the report did not expire or due to full payment of corporate bonds.
no
III. Discussion and analysis by the management
1.General
The Company is an infrastructure industry, with main business in developing and operating expressway and big
bridges. It is one of the main institutions of developing expressway and big bridge in Guangdong Expressway
System. The expressway industry is the industry helped by government.
In the first half of 2018, the company, according to the annual business plan established by the board of directors,
soundly did a good job of each work. . In the first half of 2018, the main business income was 1.536 billion yuan, up
by 6.64% over the same period of last year, meaning 47.60% of the annual plan was completed; and the operating
costs was 534 million yuan, Flat year-on-year, representing completed 40.27% of the annual plan.
In the report period, the vehicle traffic and toll income of the controlled subsidiaries and joint ventures of the
Company are as follows:
Volume of vehicle Increase Toll income in the Increase
traffic in the first /Decrease(%) first half year of /Decrease(%
half year of 2018（Ten 2018（Ten thousand）
thousand vehicles）
Guangfo Expressway 2,953.85 1.50% 22,523.45 13.30%
Fokai Expressway 3,281.51 17.32% 63,859.17 8.37%
Jingzhu Expressway Guangzhu 3,642.16 2.99% 63,529.98 2.40%
East Section
Huiyan Expressway 2,046.44 11.95% 12,174.57 9.14%
Guanghui Expressway 2,783.87 10.83% 86,784.97 2.54%
Yuezhao Expressway 1,454.50 7.42% 26,279.69 7.14%
Jiangzhong Expressway 2,574.42 2.84% 22,967.71 5.92%
Guangle Expressway 1,151.82 18.54% 152,842.70 6.41%
Kangda Expressway 127.01 0.02% 11,305.54 -6.73%
Gangkang Expressway 187.22 35.72% 7,677.39 18.87%
Overall situation: During the reporting period, the participating and controlled expressways in Guangdong
Province continued to maintain a steady growth trend, with traffic volume and toll revenue increasing
year-on-year; the traffic volume of two expressways in Jiangxi increased, but the toll revenue increased
year-on-year and one year decreased.
1. Guangfo Expressway was affected by the implementation of restricted trucks in Foshan First Ring Road. The
number of trucks increased year-on-year, so the increase in toll revenue was higher than the increase in traffic
volume;
2. Guangzhu Section of Jingzhu Expressway. In September 2017, the National Road Hongqili Bridge was restored
to traffic. Affected by this, the traffic volume and toll revenue increased slightly year-on-year;
3. Kangda Expressway was closed by the renovation project of the 323 National Road, and some of the trucks
were diverted. The toll revenue decreased.
2.Matters relating to financial report
(1)Explain change of the accounting policy, accounting estimate and measurement methods as compared with the
financial reporting of last year.
□Applicable √Not applicable
N/A
(2)Explain retrospective restatement due to correction of significant accounting errors in the reporting period
□Applicable √ Not applicable
N/A
(3)Explain change of the consolidation scope as compared with the financial reporting of last year.
□Applicable √Not applicable
There was no change in the scope of the consolidated financial statements during the reporting period.
