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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure of transactions between related parties [line items]  
Schedule of list of related party

Name of related parties

Relationship with the Company

 

 

Single largest shareholder and its subsidiaries

 

Guangzhou Railway Group

Single largest shareholder

Guangdong Yangcheng Railway Enterprise Co., Ltd.

Subsidiary of the single largest shareholder

GRCL

Subsidiary of the single largest shareholder

GIDC

Subsidiary of the single largest shareholder

Guangzhou Railway Material Supply Company

Subsidiary of the single largest shareholder

Guangzhou Railway Station Service Center

Subsidiary of the single largest shareholder

Changsha Railway Construction Company Limited

Subsidiary of the single largest shareholder

GSRC

Subsidiary of the single largest shareholder

Guangzhou Yuetie Operational Development Company

Subsidiary of the single largest shareholder

Guangzhou Railway Rolling Stock Works Company Limited

Subsidiary of the single largest shareholder

Guangdong Tieqing International Travel Agency Company Limited

Subsidiary of the single largest shareholder

Huaihua Railway Engineer Construction Company

Subsidiary of the single largest shareholder

Xiashen Railway Guangdong Company Limited

Subsidiary of the single largest shareholder

Ganshao Railway Company Limited

Subsidiary of the single largest shareholder

Guangzhou Railway Real Estate Construction Engineering Co., Ltd.

Subsidiary of the single largest shareholder

Guangdong Yuetong Railway Logistics Company Limited

Subsidiary of the single largest shareholder

Sanmao Railway Company Xiaotangxi Freight Field Service Company

Subsidiary of the single largest shareholder

Guangzhou Railway Technology Development Co., Ltd.

Subsidiary of the single largest shareholder

Guangzhou Anmao Railway Consulting Construction Company Limited

Subsidiary of the single largest shareholder

Guangzhou Beiyang Information Technology Company Limited

Subsidiary of the single largest shareholder

Hunan Railway Lianchuang Technology Development Co., Ltd.

Subsidiary of the single largest shareholder

Guangzhou Northeast Freight Car Outer Winding Railway Co., Ltd.

Subsidiary of the single largest shareholder

Hunan Changtie Loading & Unloading Co., Ltd.

Subsidiary of the single largest shareholder

Guangzhou Ruiwei Economy Development Co., Ltd.

Subsidiary of the single largest shareholder

Guangzhou Railway Technology Development Surveying Co., Ltd.

Subsidiary of the single largest shareholder

 

 

Schedule of associates of Group

Associates of the Group

 

Tiecheng

Associate of the Group

Shentu

Associate of the Group

Guangzhou Railway Group and its subsidiaries [member]  
Disclosure of transactions between related parties [line items]  
Schedule of material transactions

 

2018

 

2019

 

2020

 

RMB’000

 

RMB’000

 

RMB’000

Provision of services and sales of goods

 

 

 

 

 

Transportation related services

 

 

 

 

 

Provision of train transportation services to Guangzhou Railway Group and its subsidiaries (i)

1,861,543

 

2,060,518

 

2,345,512

Revenue collected by CSRG for railway network usage and related services provided to Guangzhou Railway Group and its subsidiaries (ii)

1,357,512

 

1,563,191

 

1,332,346

Revenue from railway operation service provided to Guangzhou Railway Group’s subsidiaries (iii)

736,492

 

812,470

 

842,350

 

3,955,547

 

4,436,179

 

4,520,208

Other services

 

 

 

 

 

Sales of materials and supplies to Guangzhou Railway Group and its subsidiaries (iv)

39,383

 

45,642

 

34,705

 

 

 

 

 

 

Services received  and purchase made

 

 

 

 

 

Transportation related services

 

 

 

 

 

Provision of train transportation services by Guangzhou Railway Group and its subsidiaries (i)

872,234

 

774,291

 

753,288

Cost settled by CSRG for railway network usage and related services provided by Guangzhou Railway Group and its subsidiaries (ii)

1,898,623

 

2,194,467

 

1,985,768

 

2,770,857

 

2,968,758

 

2,739,056

 

 

 

 

 

 

Other services

 

 

 

 

 

Provision of repair and maintenance services by Guangzhou Railway Group and its subsidiaries (iv)

451,976

 

441,719

 

297,809

Purchase of materials and supplies from Guangzhou Railway Group and its subsidiaries (iv)

555,048

 

623,433

 

722,487

Provision of construction services by Guangzhou Railway Group and its subsidiaries (v)

180,147

 

363,424

 

285,616

 

1,187,171

 

1,428,576

 

1,305,912

Schedule of material balances

2019

2020

RMB’000

RMB’000

 

Trade receivables

2,329,206

 1,853,846

- Guangzhou Railway Group (i)

549,092

208,024

- Subsidiaries of Guangzhou Railway Group (i)

1,780,112

1,645,822

- Associates

2

-

 

 

Prepayments and other receivables

35,430

59,580

- Guangzhou Railway Group

4

431

- Subsidiaries of Guangzhou Railway Group

35,426

59,106

- Associates

-

43

 

 

Prepayments for fixed assets and construction-in-progress

4,021

-

- Subsidiaries of Guangzhou Railway Group (ii)

2,815

-

--Associates

1,206

-

 

 

Trade payables

672,849

1,243,372

- Guangzhou Railway Group (i)

99,696

85,076

- Subsidiaries of Guangzhou Railway Group (ii)

533,726

1,147,912

- Associates

39,427

 10,384

 

 

Payables for fixed assets and construction-in-progress

467,745

876,031

- Guangzhou Railway Group

23,496

122,684

- Subsidiaries of Guangzhou Railway Group

201,353

376,569

- Associates

242,896

376,778

 

 

Contract liabilities

99

436

- Subsidiaries of Guangzhou Railway Group

99

341

- Associates

-

95

 

 

 

Accruals and other payables

450,534

443,754

- Guangzhou Railway Group

2,713

5,104

- Subsidiaries of Guangzhou Railway Group (iii)

447,821

429,442

- Associates (iv)

-

9,208

CSRG [member]  
Disclosure of transactions between related parties [line items]  
Schedule of material transactions

 

2018

 

2019

 

2020

 

RMB’000

 

RMB’000

 

RMB’000

Provision of services and sales of goods

 

 

 

 

 

Transportation related services

 

 

 

 

 

Provision of train transportation services to CSRG Group (i)

63,364

 

69,958

 

57,349

Revenue collected by CSRG for services provided to CSRG Group (ii)

2,527,897

 

2,479,015

 

2,105,206

Revenue from railway operation service provided to CSRG Group (iii)

2,012,880

 

2,392,333

 

2,214,460

 

4,604,141

 

4,941,306

 

4,377,015

Other services

 

 

 

 

 

Provision of repairing services for cargo trucks to CSRG Group (ii)

337,432

 

370,990

 

436,955

Sales of materials and supplies to CSRG Group (iv)

9,099

 

8,330

 

-

Provision of apartment leasing services to CSRG Group (iv)

617

 

574

 

 456

Others

-

 

-

 

887

 

347,148

 

379,894

 

438,298

 

 

 

 

 

 

Services received and purchases made

 

 

 

 

 

Transportation related services

 

 

 

 

 

Provision of train transportation services by CSRG Group (i)

283,490

 

37,408

 

18,872

Cost settled by CSRG for services provided by CSRG Group (ii) (vi)

2,161,146

 

2,107,765

 

1,506,541

 

 2,444,636

 

2,145,173

 

1,525,413

 

 

 

 

 

 

Other services

 

 

 

 

 

Provision of repair and maintenance services by CSRG Group (iv)

9,440

 

29,066

 

28,928

Purchase of materials and supplies from CSRG Group (iv)

27,743

 

23,968

 

12,362

Provision of construction services by CSRG Group (v)

1,417

 

23,636

 

2,662

 

38,600

 

76,670

 

43,952

Schedule of revenues collected and settled through the CSRG

 

2018

 

2019

 

2020

 

RMB’000

 

RMB’000

 

RMB’000

 

 

 

 

 

 

 - Passenger transportation

7,532,999

 

7,475,003

 

3,769,231

 - Freight transportation

1,849,360

 

1,740,907

 

1,456,605

 - Other transportation related services

78,935

 

74,870

 

24,048 

 

9,461,294

 

9,290,780

 

5,249,884

Schedule of material balances

2019

2020

RMB’000

RMB’000

Due from CSRG Group

- Trade receivables

1,148,352

1,101,951

- Other receivables

48,418

183,021

 

 

Due to CSRG Group

 

 

- Trade payables and payables for fixed assets and construction-in-progress

69,335

71,082

- Other payables

3,466

4,564