2019-5-24
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Yuexiu Transport Announces Its 2018 Results
Release Date:2019-03-19 17:43:45

Steady Growth of Operational Result in the Pursuit of Opportunity Brought by the Strategy of “Rise of Central China”– Yuexiu Transport announces Its 2018 results 

Financial Highlights:

For the year ended on Dec 31

(RMB a thousand yuan)

2018

2017

Variation

Profit attributed to shareholders

2,847,073

2,702,844

5.3%

Basic earnings per share (RMB)

1,054,135

947,942

11.2%

Dividend per share (Hong Kong dollar)

0.6300

0.5666

11.2%

Dividend payout ratio

0.39

0.36

8.3%


53.6%

52.4%

Two percent points

According to the 2018 results announced by Yuexiu Transportation Infrastructure Limited (Yuexiu Transport in short), in the year ended on Dec 31, 2018, Tuexiu Transport’s total revenue reached RMB 2.847 billion Yuan, representing a year-on-year growth of 5.3%; profit attributed to shareholders RMB 1.054 billion Yuan (0.6300 Yuan per share), presenting a year-on-year growth of 11.2%. Among its projects, both Weishi-Xuchang Highway in Henan and the southern section of Suizhou-Yueyang Highway in Hubei achieved a high double-digit growth, with a year-on-year toll revenue growth of 30.2% and 16.5% respectively, and a year-on-year profit contribution growth of 47.0% and 22.4% respectively. In consideration of the said circumstances, Yuexiu Transportaion’s Board of Directors proposed a final dividend of 0.24 HKD per share. With the addition of the paid interim dividend of 0.15 HKD per share, the total dividend per share within the reporting year would be 0.39 HKD per share, representing a year-on-year growth of 8.3%. The proposal reflected Yuexiu Transportation’s will to give reward to its shareholders sustainably on the basis of its own steady development. 

In recent years, Yuexiu Transportation, by capitalizing on the development opportunities brought by the strategy of “Rise of Central China”, actively strengthened its presence in Hubei, Hunan, Henan and other provinces with a large work force population in central China and acquired a batch of high-quality highway projects. With the help of such a policy of investment in multiple regions, Yuexiu Transportation not only diversifies its operational risk, but also seizes more development opportunities, and this policy is gradually demonstrating results. With the improvement of project management maturity, the projects in central China contributed to a substantial proportion of profits (approaching 40%), injecting vitality to Yuexiu Transportation’s business development. 

Zhu Chunxiu, the chairman of Yuexiu Transportation said, “Yuexiu Transportation thinks that, under favourable conditions such as the sustainable growth of possession quantity of cars, the flourish of e-commerce, express delivery and regional tourism, the highway transport industry would gain momentum for sustainable development, and we could predict that the projects involving highway and bridge under the control of our company would maintain the momentum of growth. ‘Rise of Central China” and “Guangdong-Hong Kong-Macao Greater Bay Area” would be the two regional development strategies which we should firmly grasp in the course of business expansion. And we will focus on the development of highway and bridge sectors, promote the M&A of high-quality projects, enlarge the scale of investment of assets and improve profitability to bring permanent steady reasonable return to shareholders.”