Guangdong Provincial Expressway Development Co., Ltd.
The Semi-Annual Report 2021
August 2021
I. Important Notice, Table of Contents and Definitions
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of the Company warrant that this Report is factual, accurate and complete without any false record,
misleading statement or material omission.And they shall be jointly and severally liable for that.
Mr.Zheng Renfa, Company principal , Mr. Wang Chunhua, General Manager, Mr. Lu Ming, Chief of the
accounting work, Ms.Zhou Fang, Chief of the accounting organ (chief of accounting ) hereby confirm the
authenticity and completeness of the financial report enclosed in this Semi-annual report.
All the directors have attended the meeting of the board meeting at which this report was examined.
The toll revenues of Expressway is main source of the major business income of the company , The charge
standard of vehicle toll must be submitted to the same level people's government for review and approval after the
transport regulatory department of province, autonomous region or municipality directly under the central
government in conjunction with the price regulatory department at the same level consented upon examination.
Therefore, the adjustment trend of the charge price and the charge price if has the corresponding adjustment in the
future price level when the cost of the company rises still depend on the approval of relevant national policies and
government departments, and the company isn't able to make timely adjustment to the charge standard in
accordance with the its own operation cost or the change of market supply demand. So, the change of charge
policy and the adjustment of charge standard also have influence on the expressways operated by the company to
some extent. So, the charging policy changes and charges adjustment will affect the highways operation of the
company.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Table of Contents
I.Important Notice, Table of contents and Definitions
II. Company Profile & Financial Highlights.
III. Management Discussion &Analysis
IV. Corporate Governance
V. Environmental & Social Responsibility
VI. Important Events
VII. Change of share capital and shareholding of Principal Shareholders
VIII. Situation of the Preferred Shares
IX. Corporate Bond
X. Financial Report
Documents available for inspection
1. Accounting statements carried with personal signatures and seals of legal representative, Chief Financial officer
and Financial Principal.
2. Original of Auditors’ Report carried with the seal of Certified Public Accountants as well as personal signatures
of certified Public accountants.
Definition
Terms to be defined Refers to Definition
Reporting period Refers to January 1, 2021 to June 30,2021
Reporting date Refers to The semi annual report of the company was approved by the board
of directors of 2021, that is,August 26, 2021
YOY Refers to Compared with January-June 2020
The Company /This Company Refers to Guangdong Provincial Expressway Development Co.,Ltd.
Communication Group Refers to Guangdong Communication Group Co., Ltd.
Provincial Expressway Refers to Guangdong Provincial Freeway Co.,Ltd.
Construction Company Refers to Guangdong Highway Construction Co., Ltd.
Technology Company/Guangdong Refers to Guangdong Expressway Technology Investment Co., Ltd
Expressway Technology
Fokai Company Refers to Guangdong Fokai Expressway Co., Ltd.
Reconstruction and extension Project of the Refers to Reconstruction and Expansion Project of Sanbao-Shuikou Section
South Section of Fokai Expressway of Fokai Expressway.
Guangfo Company Refers to Guangdong Guangfo Expressway Co., Ltd.
Guangdong Expressway Capital Refers to Yuegao Capital Investment (Guangzhou) Co., Ltd.
Guangzhu Transportation Refers to Guangzhou Guangzhu Transporation Investment Management
Co., Ltd.
Guangzhu East Company Refers to Jingzhu Expressway Guangzhu Section Co., Ltd.
Guanghui Company Refers to Guangdong Guanghui Expressway Co., Ltd.
Guangdong Provincial Expressway Development Co., Ltd.
Major assets restructuring Refers to acquired 21% equity of Guangdong Guangzhou-Huizhou
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