RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of transactions between related parties [line items]


Name of related parties		Relationship with the Company
Single largest shareholder and its subsidiaries
Guangzhou Railway Group		Single largest shareholder
Guangzhou Railway Group YangCheng Railway Enterprise Development Company		Subsidiary of the single largest shareholder
Guangdong Railway Company Limited.		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 Centre		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
Xiashen Railway Guangdong 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 Econonmy 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

CSRG [member]

Disclosure of transactions between related parties [line items]

Schedule of material transactions


	2019		2020		2021
	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)		69,958		57,349		138,219
Revenue collected by CSRG for services provided to CSRG Group (ii)		2,479,015		2,105,206		2,275,132
Revenue from railway operation service provided to CSRG Group (iii)		2,392,333		2,214,460		2,232,346

		4,941,306		4,377,015		4,645,697

Other services
Provision of repairing services for cargo trucks to CSRG Group (ii)		370,990		436,955		470,143
Sales of materials and supplies to CSRG Group (iv)		8,330		—		—
Provision of apartment leasing services to CSRG Group (iv)		574		456		2,064
Others		—		887		607

		379,894		438,298		472,814

Services received and purchases made
Transportation related services
Provision of train transportation services by CSRG Group (i)(vi)		37,408		18,872		58,121
Cost settled by CSRG for services provided by CSRG Group (ii) (vi)		2,107,765		1,506,541		1,769,170

		2,145,173		1,525,413		1,827,291

Other services
Provision of repair and maintenance services by CSRG Group (iv)		29,066		28,928		28,185
Purchase of materials and supplies from CSRG Group (iv)		23,968		12,362		3,203
Provision of construction services by CSRG Group (v)		23,636		2,662		—

		76,670		43,952		31,388

(i)	The service charges are determined based on a pricing scheme set by the CSRG or based on negotiation between the contracting parties with reference to actual costs incurred.

Schedule of revenues collected and settled through the CSRG


	2019		2020		2021
	RMB’000		RMB’000		RMB’000
- Passenger transportation		7,475,003		3,769,231		6,054,100
- Freight transportation		1,740,907		1,456,605		1,701,842
- Other transportation related services		74,870		24,048		8,488

		9,290,780		5,249,884		7,764,430

Schedule of material balances


	2020		2021
	RMB’000		RMB’000
Due from CSRG Group
- Trade receivables		1,101,951		783,707
- Other receivables		183,021		87,251

Due to CSRG Group
- Trade payables and payables for fixed assets and construction-in-progress		71,082		114,481
- Other payables		4,564		91,737

Guangzhou Railway Group and its subsidiaries [member]

Disclosure of transactions between related parties [line items]

Schedule of material transactions


	2019		2020		2021
	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)		2,060,518		2,345,512		3,323,844
Revenue collected by CSRG for railway network usage and related services provided to Guangzhou Railway Group and its subsidiaries (ii)		1,563,191		1,332,346		1,325,614
Revenue from railway operation service provided to Guangzhou Railway Group’s subsidiaries (iii)		812,470		842,350		865,220

		4,436,179		4,520,208		5,514,678

Other services
Sales of materials and supplies to Guangzhou Railway Group and its subsidiaries (iv)		45,642		34,705		89,042

Services received and purchase made
Transportation related services
Provision of train transportation services by Guangzhou Railway Group and its subsidiaries (i)(vi)		774,291		753,288		796,142
Cost settled by CSRG for railway network usage and related services provided by Guangzhou Railway Group and its subsidiaries (ii)		2,194,467		1,985,768		2,896,222
		2,968,758		2,739,056		3,692,364
Other services
Provision of repair and maintenance services by Guangzhou Railway Group and its subsidiaries (iv)		441,719		297,809		311,080
Purchase of materials and supplies from Guangzhou Railway Group and its subsidiaries (iv)		623,433		722,487		770,683
Provision of construction services by Guangzhou Railway Group and its subsidiaries (v)		363,424		285,616		172,592

		1,428,576		1,305,912		1,254,355

(i)	The service charges are determined based on a pricing scheme set by the CSRG or based on negotiation between the contracting parties with reference to actual costs incurred.

Schedule of material balances


	2020			2021
	RMB’000			RMB’000
Trade receivables		1,853,846			2,881,069
- Guangzhou Railway Group (i)		208,024			600,042
- Subsidiaries of Guangzhou Railway Group (i)		1,645,822			2,281,027
- Associates		—			—
Less: Provision for impairment		(24,099	)		(16,028	)

		1,829,747			2,865,041

Prepayments and other receivables		59,580			83,808
- Guangzhou Railway Group		431			1,944
- Subsidiaries of Guangzhou Railway Group		59,070			81,790
- Associates		79			74
Less: Provision for impairment		(51	)		(62	)

		59,529			83,746

Prepayments for fixed assets and construction-in-progress		—			7,270
- Subsidiaries of Guangzhou Railway Group (ii)		—			7,270
- Associates		—			—
Trade and bill payables		1,243,372			1,882,872
- Guangzhou Railway Group (i)		67,889			71,414
- Subsidiaries of Guangzhou Railway Group (ii)		1,145,025			1,730,317
- Associates		30,458			81,141
Payables for fixed assets and construction-in-progress		876,031			1,038,742
- Guangzhou Railway Group		111,799			334,313
- Subsidiaries of Guangzhou Railway Group		342,123			326,023
- Associates		422,109			378,406
Contract liabilities		436			4,346
- Subsidiaries of Guangzhou Railway Group		297			3,940
- Associates		139			406
Accruals and other payables		443,754			495,930
- Guangzhou Railway Group		4,379			8,600
- Subsidiaries of Guangzhou Railway Group (iii)		426,821			468,064
- Associates (iv)		12,554			19,266

(i)

The trade balances due from/to Guangzhou Railway Group, subsidiaries of Guangzhou Railway Group mainly represent service fees and charges payable and receivable balances arising from the provision of passenger transportation and cargo forwarding businesses jointly with these related parties within the PRC.