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 THIRD QUARTERLY RESULTS ANNOUNCEMENT The directors ( the “ Directors ” ) of Zhejiang Expressway Co. , Ltd. ( the “ Company ” ) are pleased to announce the third quarterly results of the Company and its subsidiaries ( the " Group " ) for the nine months ended September 30 , 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 nine months ended September 30 , 2021 Rmb'000 2020 Rmb'000 ( Unaudited ( Unaudited ) and restated ) Revenue 12,096,211 8,233,591 Including : interest income under effective interest method 1,560,683 1,288,292 Operating costs ( 6,943,450 ) ( 5,782,452 ) Gross profit Securities investment gains Other income and gains and losses Administrative expenses Other expenses net of reversal Share of profit of associates Share of profit ( loss ) of a joint venture Finance costs 5,152,761 2,451,139 1,446,057 1,244,191 634,965 447,700 ( 95,462 ) ( 71,901 ) ( 92,960 ) ( 98,986 ) Impairment losses under expected credit loss model , 61,712 ( 89,481 ) 879,874 552,281 50,563 ( 2,497 ) ( 1,484,081 ) ( 1,649,843 ) Profit before tax 6,553,429 2,782,603 Income tax expense Profit for the Period ( 1,436,161 ) ( 734,265 ) 5,117,268 2,048,338 1