Toll Roads

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Shenzhen Expressway

Shenzhen Expressway Corporation Limited ("Shenzhen Expressway") is a 52% owned subsidiary of the Group, which is a joint stock limited company established in the PRC. Its H shares and A shares are listed on The Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange, respectively. The Group has progressively strengthened and expanded its toll road operations and the configuration of its general-environmental protection business through Shenzhen Expressway.

After over a decade's development, Shenzhen Expressway has built a number of high-quality expressways, and also expanded its coverage to Guangdong Province and other economically developed areas in the PRC by ways of acquisition and participation. As at the end of 2023, it has invested and operated in a total of 16 expressway projects nationwide, with total toll mileage of approximately 1,000 kilometers and the mileage with controlling interest is more than 600 kilometers; undertook almost 90% of the roads for vehicles entering and leaving Shenzhen Passive service. Shenzhen Expressway also pays attention to innovation and development, and actively introduces new technical means such as ETC and non-inductive payment to promote the intelligent and information construction of toll roads. It also actively participated in various regional urban infrastructure development projects. It is one of the first-tier listed companies within the toll road industry.

In 2024, through Shenzhen Expressway, the Group will continue to further advance the development of the toll road and general environmental protection businesses. Regarding the toll road business, the Group will actively expand its expressway investment, construction, and management business, extend the concession period of the expressway projects, enlarge its highway asset scale, reduce costs and improve efficiency, implement lean management, and maintain a competitive edge in its core toll road business by means of new construction, expansion, mergers and acquisitions, as well as resource integration, etc. Regarding the general environmental protection business, the Group will maintain its focus on organic waste treatment, hazardous waste treatment, and clean power generation, accelerating its business expansion and the establishment of its operational capabilities while enhancing its resource investment and construction efforts.

updated on 19 April 2024