New World Development Company Limited
30
Execu t i ve V i ce - Cha i rman ’s Repo r t
Infrastructure and Service
NWS Holdings Limited (“NWSH”) is the infrastructure and
service flagship of the Group. Notwithstanding persistent
headwinds in the external environment and volatility in
g l o b a l f i n a n c i a l ma r k e t , t h e s t a b l e o r g a n i c g r ow t h
underpinned by a well-balanced and diversified asset
portfolio enabled NWSH to sustain growth momentum in
FY2016. During the year under review, NWSH achieved a
profit attributable to shareholders of HK$4,912.8 million,
representing an increase of 9.7% year-on-year.
Infrastructure: Roads, Environment,
Logistics and Aviation
Traffic flow of Hangzhou Ring Road (“HZRR”) increased by 2%
in FY2016 but its toll revenue grew by 5% as a result of the
rise in average travelling distance. NWSH completed the
acquisition of the remaining 5% interest from the minority
shareholder of HZRR, which is now wholly owned by NWSH.
Riding on further economic development in the Pearl River
Delta Region, all the expressways in Guangdong under NWSH
reported healthy growth in both traffic volume and toll
revenue. Traffic volume of Tangjin Expressway (Tianjin North
S e c t i o n ) c o n t i n u e d t o g r ow s a t i s f a c t o r i l y s i n c e t h e
completion of expansion works in December 2014.
Water sales volume of Jiangsu Water Company increased by
10% whereas waste water revenue of Shanghai SCIP Water
Treatment Plants increased by 9%. Qingdao Dongjiakou
Waste Water Plant and Yangzhou Sludge Treatment Plant
became operational during FY2016.
In December 2015, NWSH injected its interests in Chongqing
Water Group into Chongqing Derun Environment Co., Ltd.
(“Derun Environment”) to expand its presence in the environmental
services industry in Mainland China. Derun Environment made
