1、ANNUAL REPORT 2021Stock Code : 390(a joint stock limited company incorporated in the Peoples Republic of China with limited liability)1. Taipingchuan Service Area of Shuangliao-Taonan Expressway2. Liming Village Super Bridge of Zhangjihuai Hi-Speed Railway3. China-Laos Railway Yuanjiang Bridge4. Yun

2、nan Qujing Deze Reservoir5. Beijing Fengtai Railway Station24315Cover LegendJiangyou Liangchahe Super BridgeChina Railway Kunming BuildingLuohe BridgeCompany Profle1Financial Summary2Chairmans Report4Changes in Share Capital and Information on Shareholders8Business Overview16Management Discussion an

3、d Analysis40Biography of Directors, Supervisors and Senior Management54CONTENTSReport of the Directors67Report on Corporate Governance Practices85Independent Auditors Report107Financial Statements114Signifcant Events287Environmental and Social Responsibility334Defnition and Glossary of Technical Ter

4、ms343Company Information345Nantong Metro No.1 LineSNAPSHOT OF ANNUAL REPORTYear-on-year increase 4.7% New contractsRMB100 million21,648.7201926,056.6202027,293.22021Year-on-year increase 9.6% Profit attributable to owners of the companyRMB100 million236.8251.9276.2Year-on-year increase 7.7% Basic ea

5、rnings per shareRMB0.95020190.96320201.0372021Year-on-year increase 10.1% RevenueRMB100 million8,508.89,747.310,732.7Year-on-year increase 0.3% Gross profit margin%201920202021Year-on-year increase 8.9% Dividend per share (tax inclusive)RMBYear-on-year increase 11.8% Profit for the year RMB100 milli

6、on253.82019272.52020304.72021Year-on-year increase 11.6% EBITDARMB100 millionDecrease by 0.2 percent point from the beginning of the year Gearing ratio%76.8201973.9202073.720219.49.39.6406.9436.7487.50.1690.1800.19620192020202120192020202120192020202120192020202112021 ANNUAL REPORT CHINA RAILWAY GRO