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57
2003 - 05 - 23
Click count: 25
ProjectsAverage Daily Traffic VolumeChangeAverage Toll fare/Vehicle(Rmb)Guangshan Highway32,10412.01%10.34Guangcong Highway Section I  16,9586.86%12.52Guangshen Highway32,095339.1%6.24Guanghua Highway9,64713.6%7.90GuangcongHighway Section II  20,380(-29.39%)7.94Humen Bridge32,22612.49%38.26Guangzhou CityNorthern Ring Road   117,542(-2.02%)10.63Qinglian Highways36,2016.95%24.71Xian Expressway16,3262.26%11.49Xiang Jiang Bridge II4,003(-7.17%)10.75Guangzhou NorthernSecond Ring Expressway   10,737110.57%25.54Shantou Bay Bridge...
58
2003 - 04 - 10
Click count: 25
Analysis of Results In 2002, GZI Transport’s profit attributable to shareholders amounted to HK$156.1 million, which was down by 29.1 per cent compared with 2001. The above result of 2002 was primarily affected by three temporary factors. Firstly, in late 2001 GZI Transport disposed Xinfeng and Dongyang Highways whose future yields will decline and no longer received contributions from these projects in 2002. Secondly, traffic volume of certain toll roads such as Guangshan and Guangzhen Highways were diverted by newly completed Guangyuan Road East nearby. Thirdly, in line with normal patt...
59
2002 - 11 - 04
Click count: 46
In October 2002, GZI Transport acquired 30% stake in Shantou Bay Bridge for HK$303 million. Shantou Bay Bridge, which has been in operation since December 1995, has total length of 6.5 km including bridge length of 2.5 km and southern and northern connecting routes of 4.0 km. The bridge links Shenshan Expressway in the south and Shanfan Expressway in the north connecting traffic in coastal regions of Fujian Province and Guangdong Province. The bridge has an operation period of 35 years until December 2028. During the first nine months of 2002, daily average traffic volume of Shantou ...
60
2002 - 09 - 23
Click count: 24
(Unaudited)Six months ended 30th June20022001HK$’000 HK$’000 Turnover173,883214,169Other revenues2,26716,310Amortisation of interests in tollhighways and bridges(37,874)(29,561)Toll highways and bridgesmaintenance expenses(36,787)(39,204)Administrative expenses(13,934)(17,131)Other operating income/(expenses)3,864(3,375)Operating profit91,419141,208Finance costs(20,437)(24,547)Share of profits of associated companies70,72370,179Share of loss of a jointly controlled entity(24,843)--Profit before taxation116,862186,840Taxation(17,169)(15,131)Profit after taxation99,693171,709Minority i...
61
2002 - 04 - 16
Click count: 25
2001As restated 2000HK$’000HK$’000Turnover418,616468,266Other revenues27,06044,826Depreciation of toll highways and       bridges (79,663) (56,255)Toll highways and bridges       maintenance expenses (77,101) (78,517)Administrative expenses(39,999)(45,960)Other operating expenses(4,436)(7,354)Provision for impairment of goodwill(157,243)Operating profit244,477167,763Finance costs(49,148)(52,995)Share of profits of associated companies119,744146,629Profit befo...
62
2001 - 09 - 18
Click count: 28
Profit And Loss Account(Unaudited)Six months ended 30th June20012000HK$’000 HK$’000 Turnover214,169231,304Cost of sales(68,765)(68,128)Gross profit 145,404163,176Other revenues 16,31024,034Administrative expenses(17,131)(19,570)Other operating expenses(3,375)(3,239)Operating profit 141,208164,401Finance costs (24,547)(27,898)Share of profits of associated companies70,17976,189Profit before taxation186,840212,692Taxation(15,131)(15,492)Profit after taxation171,709197,200Minority interests(39,247)(51,460)Profit attributable to shareholders132,462145,740Interim dividend31,33731,125Basic...
63
2000 - 09 - 20
Click count: 29
One of GZI Transport’s major shareholders, Yue Xiu Enterprises (Holdings) Limited ("Yue Xiu"), is pleased to announce that the agreement for a full amount refinancing facility of HK$4.9 billion completed signing on 19 September, 2000 amongst Yue Xiu and its bank creditors.    GZI Transport has been operating normally, and did not participate in the above refinancing facility which only involve the unlisted part of Yue Xiu. However, the Board believes that such development of Yue Xiu will have a positive impact to the Group in enhancing the fund raising capability of the Com...
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