The net profit of Chutian Expressway in the first three quarters increased by 26.8%, and the project of 41.7 billion yuan was about to start.
November 15, 2023
The project invested by Chutian Expressway is about to start.。
Recently，Chutian Expressway Releases Progress of Investment in Reconstruction and Expansion Project of Wuhan-Yichang Section of Shanghai-Chongqing Expressway，The company and the controlling shareholder Hubei Trading and Investment Group are in charge of the project.，Signed a contract with Hubei Provincial Highway Development Center on November 10《Investment Agreement for Reconstruction and Expansion Project of Wuhan-Yichang Section of Shanghai-Chongqing Expressway》。
According to introduction，The total investment of the project is estimated to be about 41.7 billion yuan.，The project capital is 20% of the total project investment%，About 83.400 million yuan，Among them, Chutian Expressway contributed about 42..5.3 billion yuan。The construction period is tentatively estimated to be 4 years.，The planned commencement date is December 1, 2023(The agreement stipulates that the construction shall be started before December 31, 2023.)。
To this，Chutian Expressway said，Yongan to Jingzhou Section of Hanyi Expressway、Jingzhou-Yichang section is the company's core road and bridge assets.，The implementation of reconstruction and expansion is conducive to enhancing the company's sustainable development potential.。The project is the largest investment scale in Hubei Province so far.、Widest impact、Highway investment projects with relatively good economic and social benefits。Participating in project investment is conducive to improving the development scale of the company's main business.，Optimize the operating term structure of road and bridge assets。At the same time，Companies can also take the opportunity to broaden their economic functions.，Explore the layout of integration of transportation and tourism、Integrated energy and other industries。
The main business of Chutian Expressway mainly includes road and bridge operation and intelligent technology.。In terms of road and bridge operation，The company is mainly engaged in the investment of toll roads.、Construction and operation management，It is the only highway listed company in Hubei Province.；Intelligent technology business is divided into intelligent manufacturing and intelligent transportation.。
In recent years，Chutian Expressway Focuses on the Main Responsibility，Enhance the ability of sustainable operation，Acquisition of Macheng-Xishui Section of Daguang Expressway、Henan Xinxian Section of Daguang Expressway、Henan Guangshan Section of Daguang Expressway，The operating mileage of expressways increased from 404 km to 619 km.。
Road and bridge operation is the main revenue source of Chutian Expressway.，Vehicle toll revenue in the first half of 2023 12.8.8 billion yuan，The proportion is 86.38%。The same period，Chutian Expressway achieved operating income of about 14.9.1 billion yuan，Year-on-year increase of 3.6%；Net profit attributable to shareholders of the listed company was approximately 5..8.5 billion yuan，Year-on-year increase of 32.91%。
Three quarterly reports show，Benefiting from the sustained recovery of the national economy、The overall recovery is good.，Continuous recovery of transportation and economic operation、Overall improvement，Third quarter of 2023，Chutian Expressway continued its growth in the first half of the year.。In the third quarter, the company achieved a main revenue of 7..7.4 billion yuan，Year-on-year growth of 1.07%；Realized net profit attributable to parent company 2.200 million yuan，Year-on-year growth of 13.05%。
On the whole，In the first three quarters, the main business income of Chutian Expressway was 22..6.5 billion yuan，Year-on-year growth of 2.72%；Net profit attributable to parent company 8.0.5 billion yuan，Year-on-year growth of 26.81%；Deducting non-net profit 7.700 million yuan，Year-on-year growth of 25.22%。
