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Financial highlights

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Financial Highlights (Unit: RMB million, unless otherwise stated )

Item

2021

2020

2019
(restated)

2018
(restated)

2017
(restated)

Revenue

10,872   

 8,027

 6,390

 6,468

 5,799

Of which: Toll revenue

 5,893

 4,387

 4,722

 5,656

 5,266

Profit before interests and tax

 3,997

  3,339 

 3,057

 7,886

 3,085

Net profit

  2,606 

   2,055  

 2,564

 5,069

 1,565

Net cash inflows from operating activities

  3,942 

    1,101   

1,695

3,244

3,124

Net cash inflows from operating activities and cash return on investments

  4,849 

 1,521  

2,831

5,397

3,506

Interest covered multiple (Times)

  4.71 

  3.87 

 4.71

 7.94

 3.22

Earnings per share (RMB)

  1.110 

  0.936 

 1.176

 2.324

 0.718

Cash dividends per share (RMB)

0.62

0.43

 0.52

 0.71

 0.30

Item

As at
 31 Dec 2021

As at
 31 Dec 2020

As at
 31 Dec 2019
(restated)

As at
 31 Dec 2018
(restated)

As at
 31 Dec 2017
(restated)

Total assets

 60,613  

  55,145 

 45,658

 44,400

 47,378

Total liabilities

 32,842

  28,866 

 24,611

 22,797

 31,012

Total equity

 27,772

   26,279  

 21,048

 21,603

 16,366

Debt-to-asset ratio (%)

 54.18

  52.35 

 53.90

 51.34

 65.46

Gross liabilities-to-equity ratio (%)

 118.26

 109.84

 116.93

 105.53

 189.48

Net borrowings-to-equity ratio (%)

 69.33

 61.18

 65.77

 52.12

 119.36

Net assets per share (RMB)

 9.46

 8.73

 8.50

 8.76

 6.43


Description of principal financialratios

Profit before interests and tax = Net profit +Income tax expenses + Interest expenses

Net cash inflows from operatingactivities and cash return on investments = Net cash flows from operatingactivities + Cash received from disposal of investments + Cash received fromreturns on investments

Interest covered multiple = Profit before interestsand tax / Interest expenses

Debt-to-asset ratio = Total liabilities / Totalassets

Gross liabilities-to-equity ratio = Totalliabilities / Total equity

Net borrowings-to-equity ratio = (Total amount ofborrowings - Cash and cash equivalents) / Total equity