Company code: Jiangsu Expressway Company Limited(600377) company abbreviation: Jiangsu Expressway Company Limited(600377) Jiangsu Expressway Company Limited(600377)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should go to www.sse.com com. cn. www.hkexnews. hk www.jsexpressway. com. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 KPMG Huazhen Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. The annual financial report of the company is prepared in accordance with the Chinese accounting standards for business enterprises and complies with the disclosure requirements of the Hong Kong Companies Ordinance and the Hong Kong listing rules. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
During the reporting period, the net profit attributable to the shareholders of the parent company was about 4178794000 yuan, and the profit per share was about 0.8295 yuan. The board of directors of the company proposed to pay a cash dividend of 0.46 yuan per share (including tax) to all shareholders based on the total share capital of 5037747500 shares. The proposed dividend is expected to be paid before August 5, 2022.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Jiangsu Expressway Company Limited(600377) Jiangsu Expressway Company Limited(600377) -
H-share stock exchange of Hong Kong Limited Jiangsu Jiangsu Expressway Company Limited(600377) highway 00177-
ADR USA jexyy 4773104-
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Yao Yongjia, Tu Jun
Office address: No. 6 Xianlin Avenue, Nanjing, Jiangsu, China No. 6 Xianlin Avenue, Nanjing, Jiangsu, China
Tel: 8625843627 Jinfu Technology Co.Ltd(003018) 388625843627 Jinfu Technology Co.Ltd(003018) 35
E-mail [email protected]. [email protected].
2. Introduction to the company's main business in the reporting period
(1) Basic information of highway transportation industry
From the perspective of macroeconomic background, China's GDP in 2021 was 114.37 trillion yuan, an increase of 8.1% over the previous year, and the growth of residents' income was basically synchronized with economic growth. Remarkable results were achieved in economic recovery, highlighting the strong toughness and vitality of China's economic development. The road transportation industry in which the group is located has a high coupling with the macroeconomic environment. The long-term trend of stable economic development in China will create good conditions for the high-quality development of the road transportation industry.
From the change of traffic demand, the main sales areas of various industries in Jiangsu are located in the Yangtze River Delta, in which highway transportation plays a leading role. With the accelerated transformation and upgrading of Jiangsu's industry, the characteristics of "high value, small batch and strong timeliness" of freight transportation are more prominent, and the demand for "door-to-door" and specialization continues to grow. The advantages of short-distance, fast and direct highway transportation in unblocking the economic cycle and stabilizing and optimizing the supply chain will continue to be maintained.
From the change of competition pattern, highway, as the most basic and extensive transportation mode in the comprehensive transportation system, has direct and flexible compared with railway, aviation and other transportation modes, and plays an irreplaceable role in short-distance transportation. In recent years, the turnover of highway freight transportation has maintained a positive growth. Combined with the actual situation of the company, the opening of Nanjing Shanghai intercity railway and Beijing-Shanghai High Speed Railway Co.Ltd(601816) has no obvious impact on the diversion of the company's core road products, and there is no diversion caused by new road products. Therefore, the company's Road products are in a relatively stable competitive environment.
(2) Industry position of the company
From the perspective of location, the company is the only listed road and Bridge Company in Jiangsu Province, focusing on the continuous integration of high-quality road and bridge projects in Sunan road network. As of the end of the reporting period, the group has directly participated in the operation and investment of 17 road and bridge projects, and the mileage of opened roads and bridges owned or shared by the group has exceeded 910km. The road sections under operation occupy a dominant position in the expressway network in southern Jiangsu. As a major coastal economic province in the East and a "ballast stone" for national economic development, Jiangsu's regional GDP reached 11.6 trillion yuan in 2021, an increase of 8.6% over the previous year, ranking second in the country. The busy economic activities in this region and the continuous growth of car ownership have brought strong support to the long-term development of the company's business.
From the perspective of market image, as a listed company with "a + H" shares, the company has always followed the regulatory requirements, actively fulfilled the responsibilities of listed companies, and has a positive market image. The evaluation results of the information disclosure of the company by Shanghai Stock Exchange in the past two years are the highest level a. the company has won the "best board of directors" award of the 12th China listed company investor relations Tianma Award Forum and the "gold quality · ESG Award" of 2021 listed company.
From the perspective of operating performance, the company's performance indicators are among the top listed companies in the same industry. Moreover, the company has always maintained a high level of dividend payout rate since its listing, and the high cash dividends highlight the responsibility of the company as a listed enterprise to ensure the long-term stable return of shareholders. 3. Business of the company during the reporting period
Main business of road and bridge. During the reporting period, the toll revenue of the group was about 8263073 thousand yuan, a year-on-year increase of about 37.34%, and the toll revenue accounted for about 59.91% of the total operating revenue of the group. Among them, the average daily toll income of Shanghai Nanjing Expressway was about 1405595 thousand yuan, a year-on-year increase of about 31.03%. During the reporting period, the average daily flow of Shanghai Nanjing Expressway was about 101936, a year-on-year decrease of about 1.07%.
Among them, the passenger traffic decreased by 3.64% year-on-year, accounting for about 78.71%; The average daily truck traffic increased by about 9.79% year-on-year, and trucks accounted for about 21.29%. Other road and bridge projects, including xi'an-yichang Expressway and Changjia expressway, the overall change trend of passenger and freight traffic is basically consistent with that of Shanghai Nanjing Expressway. Supporting business. During the reporting period, the group's supporting service business realized a revenue of about 143713000 yuan, a year-on-year increase of about 9.58%. Among them, the rental business income in the service area was about RMB 214333 thousand, a year-on-year decrease of 1.70%, which was mainly due to the further increase of rent exemption for some merchants to help small and medium-sized enterprises alleviate the impact of the epidemic and overcome business difficulties during the epidemic period. The sales revenue of oil products was about 1190852000 yuan, a year-on-year increase of about 12.23%, mainly due to the rise of oil prices; The gross profit from oil sales was about 168062000 yuan, a year-on-year decrease of 22.03%, mainly due to the shortage of resources in the international crude oil supply market and the reduction of the transaction price difference of refined oil. Under the influence of the year-on-year decrease in the operating gross profit of leasing and oil sales, the operating gross profit of supporting services decreased by about 56.97% year-on-year.
Investment business. First, the investment income of participating in the road and Bridge Company. During the reporting period, the investment income of the group's joint venture Road and Bridge Company was about 656024000 yuan, with a year-on-year increase of about 126.02%, mainly due to the increase of traffic revenue caused by the recovery of traffic flow; Second, dividends received from other equity instruments. During the reporting period, the group received dividends from other equity instruments totaling about RMB 313818000, with a year-on-year increase of about 110.21%, mainly due to the increase in dividends of financial companies invested by the company. Third, the receipt and distribution of other non current financial assets. During the reporting period, the group received a total distribution of other non current financial assets of about RMB 106091000, with a year-on-year increase of about 48.14%, mainly due to the distribution of guochuang Kaiyuan phase II and other funds subscribed by Ninghu investment company during the reporting period.
Real estate business. The group's real estate development and sales are operated by its subsidiaries Ninghu real estate company and Hanwei company. During the reporting period, the group has steadily promoted the construction of projects under construction, actively eliminated and revitalized inventory assets, and achieved good operating benefits. During the reporting period, the group's commercial housing sales area was about 31001 square meters, realizing a pre-sale income of 716345000 yuan and a carry forward sales income of about 1028544000 yuan; The net profit after tax was about 75827000 yuan, basically the same as that of the same period last year.
Other business. Other businesses of the group mainly include advertising operation, factoring business and management services of subsidiaries. During the reporting period, the group achieved other business income of about 115011 thousand yuan, a year-on-year increase of about 38.57%, mainly due to the increase of factoring business income and advertising income. 4 main accounting data and financial indicators of the company 4.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
Compared with the previous year
20212020 2019
Increase or decrease (%)
Total assets 67662020722456109556036516 10.755562504862475
Net assets attributable to listed company shares 30230283751282820996109883 7.162854698360715 East
Operating income 1379258724250803246674634 71.711007818121881
The net profit attributable to 417879449671246421367574 69.58419970437182 east of the shares of listed companies belongs to the shares of listed companies
East's net profit after deducting non recurring profit and loss of 36788232181223399834998 57.21418630806259
Net cash flow from operating activities: 546726553569313740153039 74.26576328362415
The weighted average net assets closed at 14.37 8.82, an increase of 5.55 and 15.89 percentage points (%)
Basic earnings per share (0.8295 yuan, 0.4891 yuan, 69.60 yuan, 0.8336 yuan / share)
Diluted earnings per share (RMB 0.8295 0.489169.60 0.8336 / share) 4.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 23924605 Ningbo Tianlong Electronics Co.Ltd(603266) 930414597259763605281318435714327
Net profit attributable to shareholders of listed company 11441864879515351427549611089763131739048894063
Deduction attributable to shareholders of listed companies
