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      Investor Relations

      Financial Highlights (Unit: RMB million, unless otherwise stated )
      Item 2020 2019(restated) 2018(restated) 2017(restated) 2016(restated)
      Revenue 8,027 6,390 6,468 5,799 5,440
      Of which: Toll revenue 4,387 4,722 5,656 5,266 4,633
      Profit before interests and tax 3,339 3,057 7,886 3,085 2,607
      Net profit 2,055 2,564 5,069 1,565 1,227
      Net cash inflows from operating activities 1,101 1,695 3,244 3,124 2,451
      Net cash inflows from operating activities and cash return on investments 1,521 2,831 5,397 3,506 2,734
      Interest covered multiple (Times) 3.87 4.71 7.94 3.22 3.07
      Earnings per share (RMB) 0.936 1.176 2.324 0.718 0.563
      Cash dividends per share (RMB) 0.43 0.52 0.71 0.30 0.22
      Item As at31 Dec
      2020
      As at31 Dec
      2019(restated)
      As at31 Dec
      2018(restated)
      As at31 Dec
      2017(restated)
      As at31 Dec
      2016(restated)
      Total assets 55,145 45,658 44,400 47,378 42,503
      Total liabilities 28,866 24,611 22,797 31,012 25,933
      Total equity 26,279 21,048 21,603 16,366 16,570
      Debt-to-asset ratio (%) 52.35 53.90 51.34 65.46 61.01
      Gross liabilities-to-equity ratio (%) 109.84 116.93 105.53 189.48 156.51
      Net borrowings-to-equity ratio (%) 61.18 65.77 52.12 119.36 78.12
      Net assets per share (RMB) 8.73 8.50 8.76 6.43 6.65
      a 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
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