Sichuan Expressway Company
Overview
Founded in 1997, Sichuan Chengyu Expressway Co., Ltd. (SEHK:107) is the only A + H large-scale transportation infrastructure company listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange at the same time in western China. As of 2018, the company has 21 holding subsidiaries and branches, with a total asset size of 36.3 billion yuan, an increase of nearly 14 times compared with the beginning of its establishment; a net asset scale of 15.1 billion yuan, an increase of nearly 9 times compared with the beginning of its establishment, and the cumulative national capital investment The value-added is about 23 times. He was listed on the "Fortune" China Top 500 Enterprises, successfully ranked among the Sichuan Province Top 100 Large Enterprises and Large Groups Cultivation List, ranked 80th, and was ranked in the Sichuan Top 100 Foreign-Invested Enterprises List.1
The company implements a diversified development strategy that is highly related to the main business, and strives to create "five major sections" based on toll roads and bridges, with financial investment, urban operations, energy investment, and tourism, culture and education as the growth points. Through investment construction and M & A development, the company owns all or most of the rights and interests in Chengdu-Chongqing, Chengya, Chengle, Chengren, Suiguang, Suixi, Chengbei Expressway, and other toll roads in Sichuan Province. 10% of the total mileage of expressways in the province, and 15% of the total expressway revenues. The company has an efficient and professional capital operation team, relying on the advantages of domestic and foreign financing platforms to form a relatively complete financial ecosystem, and its business scope covers industrial funds, mergers and acquisitions funds, financial leasing, trusts, banks and other segmented formats. The company has established good cooperative relations with more than 50 banks, financial leasing companies and other financial institutions. The company has a high-quality engineering construction team. In recent years, it has been involved in BT, PPP and real estate development. Renshou resettlement house, Renshou urban area BT project, Shuangliu West Airport and other projects achieved stable investment benefits and became new business and benefit growth points. The multi-modal intermodal transport company was established and the Tianfu Airport project was included in the key project of western development and received special subsidies from the central government. Registered and established Sichuan's first commercial factoring company and achieved business landing. The company actively lays out energy investment industries, and cooperates with energy giants such as PetroChina and Sinopec to set up Zhonglu Energy Company and Chengya Oil Company. The layout of gas stations has expanded from the road under its jurisdiction to the area along the route. The Jiaotong Culture, Education and Education sector is an emerging business sector where the company actively explores trend industries and sunrise industries. Significant projects have been completed, and the Lushan Dachuan traffic project in Ya'an has signed a letter of intent for investment.
Financial highlight
During the In the first half of 2019, the Group's operating income was approximately RMB308,129,985, a year-on-year increase of approximately 8.89%, of which: "ChargeThe “Road and Bridge” segment achieved operating income of approximately RMB 2,054.5058 million, a year-on-year increase of approximately 13.68%; the “Financial Investment” segment achievedOperating income was approximately RMB 61,325,900, a year-on-year increase of approximately 62.99%; the “City Operations” segment realized operating income of approximately RMBRMB 14,177.18 million, a year-on-year decrease of approximately 30.38%; the “energy investment” segment realized operating income of RMB 823,369,500, a year-on-year increaseAbout 5.42%. The net profit attributable to shareholders of the listed company was approximately RMB 830,608,900, representing a year-on-year increase of approximately 27.07%; basicEarnings per share were approximately RMB 0.2716, a year-on-year increase of 27.03%. As of June 30, 2019, the Group's total assetsRMB 36,764,533,363, with net assets of approximately RMB 15,94,342,4802
