Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . | 浙江 滬 杭甬 高速公路 股份有限公司 ZHEJIANG EXPRESSWAY CO . , LTD . ( A joint stock limited company incorporated in the People's Republic of China with limited liability ) ( Stock code : 0576 ) 2021 FIRST QUARTERLY RESULTS ANNOUNCEMENT The directors ( the “ Directors ” ) of Zhejiang Expressway Co. , Ltd. ( the “ Company ” ) are pleased to announce the first quarterly results of the Company and its subsidiaries ( the " Group " ) for the three months ended March 31 , 2021 ( the “ Period ” ) . The audit committee of the Company has reviewed the quarterly results of the Group for the Period . Set out below are the Group's unaudited condensed consolidated statement of profit or loss and other comprehensive income , unaudited condensed consolidated statement of financial position and unaudited condensed consolidated statement of cash flows for the Period together with the comparative figures for the corresponding period of 2020 : CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the three months ended March 31 , 2021 Rmb'000 2020 Rmb'000 ( Unaudited ( Unaudited ) and restated ) Revenue 3,701,533 1,622,940 Including : interest income under effective interest method 486,211 394,574 Operating costs ( 2,040,818 ) ( 1,837,064 ) Gross profit 1,660,715 ( 214,124 ) Securities investment gains 318,418 612,918 Other income and gains and losses 222,451 142,369 Administrative expenses ( 27,042 ) ( 22,900 ) Other expenses ( 16,231 ) ( 77,579 ) Impairment losses under expected credit loss model , net of reversal ( 4,957 ) ( 2,292 ) Share of profit of associates 255,819 250,653 Share of profit ( loss ) of a joint venture 17,178 ( 18,386 ) Finance costs ( 466,330 ) ( 497,464 )