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.
