環境、社會及管治報告 Environmental, Social and Governance Report 香港聯交所股份代碼 00995 目錄 | 關於本報告 | 2 | 附录一：指標索引 | 69 | | --- | --- | --- | --- | | 關於皖通高速 | 3 | 附录二：意見反馈表 | 72 | | 2024年度ESG亮點績效及榮譽獎項 | 5 | | | | 可持續發展管理 | 7 | | --- | --- | | ESG管治架構 | 9 | | 董事會聲明 | 10 | | 利益相關方溝通 | 11 | | 重要性議題 | 13 | 02 | 暢行治理之道 | 15 | | --- | --- | | 公司治理 | 17 | | 合規與風險管理 | 18 | | 反貪腐與商業道德 | 20 | | 知識產權與專利保護 | 22 | 03 | 守護生態環境 | 23 | | --- | --- | | 環境管理 | 25 | | 應對氣候變化 | 30 | | 綠色生態營運 | 32 | 04 | 共進通途致遠 | 37 | | --- | --- | | 員工僱傭 | 39 | ...

Financial Performance - The company's net profit for 2024, according to Chinese accounting standards, is RMB 153,452 million, while the profit under Hong Kong accounting standards is RMB 152,399 million[4]. - The distributable profit for shareholders for 2024 is RMB 152,399 million, based on the lower of the profits calculated under domestic and foreign accounting standards[4]. - The company's operating revenue for 2024 reached ¥7,091,832,628.35, representing a 6.94% increase compared to ¥6,631,337,271.78 in 2023[24]. - Net profit attributable to shareholders for 2024 was ¥1,668,981,126.49, a slight increase of 0.55% from ¥1,659,928,716.34 in 2023[24]. - The net cash flow from operating activities for 2024 was ¥2,628,757,994.25, showing a decrease of 0.93% from ¥2,653,472,269.21 in 2023[24]. - Total assets at the end of 2024 amounted to ¥24,414,336,538.24, a 12.31% increase from ¥21,738,743,118.83 in 2023[24]. - The company's net assets attributable to shareholders increased by 5.36% to ¥13,335,168,274.45 in 2024 from ¥12,656,911,593.98 in 2023[24]. - Basic earnings per share for 2024 were ¥1.0063, reflecting a 0.55% increase from ¥1.0008 in 2023[26]. - The weighted average return on equity for 2024 was 12.84%, down from 13.51% in 2023[26]. - The company reported a pre-tax profit of ¥2,226,777,000 for 2024, slightly down from ¥2,263,826,000 in 2023[28]. - Total liabilities increased to ¥9,563,072,000 in 2024 from ¥7,631,261,000 in 2023[30]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 6.04 per 10 shares, totaling RMB 100,180.04 million, based on a total share capital of 1,658,610,000 shares[4]. - The company has reached a cumulative legal surplus reserve that exceeds 50% of the total share capital, thus no further allocation will be made this year[4]. - The total retained earnings available for distribution to shareholders as of December 31, 2024, amounted to RMB 11,000,485 thousand, an increase from RMB 10,473,278 thousand in 2023, reflecting a growth of approximately 5%[149]. - For the current year, the company plans to distribute a cash dividend of RMB 0.604 per share, achieving a payout ratio of 60.02%[180]. Risk Management and Compliance - The report includes a detailed description of existing risk factors and future development strategies, which investors are advised to consider[5][6]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[6]. - The company is committed to risk management, conducting annual risk assessments and optimizing its risk warning indicator system to proactively address foreseeable risks[184]. - The company has complied with significant laws and regulations impacting its operations, fulfilling its social responsibilities towards shareholders, employees, consumers, and the community[185]. - The company has not engaged in any related party fund occupation during the reporting period, maintaining strict compliance with regulatory requirements[178]. Operational Efficiency and Growth Strategies - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]. - The company aims to enhance its market presence through strategic management and operational improvements[49]. - The company is actively exploring digital transformation through the application of 5G and big data technologies[59]. - The company is focusing on technological innovation and asset optimization to strengthen its competitive advantage in the highway industry[126]. - The company plans to enhance operational efficiency by optimizing management mechanisms and promoting innovation within operational units[134]. Corporate Governance - The company has established a robust investor relations management system, actively engaging with investors through various channels to enhance transparency[179]. - The company has fully adopted the Corporate Governance Code, ensuring alignment with regulatory standards set by the China Securities Regulatory Commission[171]. - The company has conducted 7 supervisory board meetings during the reporting period, with all supervisors present, ensuring compliance with financial oversight responsibilities[173]. - The board of directors consists of 9 members, including 4 executive directors, 2 non-executive directors, and 3 independent non-executive directors, with a strong background in finance and management[172]. Financial Instruments and Debt Management - The group secured bank loans totaling RMB 2.649 billion during the reporting period, a significant increase from RMB 480 million in 2023[150]. - As of the end of the reporting period, the outstanding bank loan balance was RMB 6.641 billion, compared to RMB 6.477 billion in 2023, indicating a slight increase of about 2.5%[150]. - The capital debt ratio as of December 31, 2024, was 29.07%, up from 28.33% in 2023, showing a trend towards increased leverage[150]. - The group maintained a fixed interest rate of 1.2% on RMB 220 million of its bank loans, while the remaining loans had floating rates ranging from 2.29% to 3.17%[150]. Market and Revenue Outlook - The company provided an optimistic outlook, projecting a revenue growth of 10% for the next quarter, aiming for $1.32 billion[199]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[200]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[198]. - The company aims to achieve a total toll revenue target of approximately RMB 4.603 billion (after tax) by 2025, compared to RMB 3.830 billion in 2024[133].

Summary of Wantuo Expressway Conference Call Company Overview - **Company**: Wantuo Expressway - **Industry**: Expressway and Transportation Key Financial Performance - **Q1 2025 Revenue**: 2.821 billion CNY, up 95.33% YoY [2] - **Q1 2025 Net Profit**: 551 million CNY, up 5.19% YoY [2] - **Basic Earnings Per Share**: 0.3323 CNY, up 5.19% YoY [2] - **2024 Revenue**: 7.092 billion CNY, up 6.94% YoY [3] - **2024 Net Profit**: 1.669 billion CNY, up 0.55% YoY [3] Revenue Drivers - Significant increase in toll revenue due to favorable weather during the Spring Festival and consolidation of Fuzhou and Suxu expressways [2][10] - Expected additional revenue of approximately 100 million CNY from the adjustment of ETC discount from 85% to 95% [4][11] Operational Improvements - Implementation of efficiency enhancement measures including management optimization, revenue increase, and cost reduction [5] - Issued the first high-growth industrial bond in the province, reducing annual loan interest by approximately 23 million CNY [5] - Expansion of rental income from Silicon Valley Internet Communication Industrial Park, which grew by 30% [2][5] Strategic Acquisitions and Projects - Completed acquisition of 100% equity in Fuzhou and Suxu expressways, enhancing network layout and profitability [2][6] - Completion of the Xuan-Guan expressway expansion project, which is expected to significantly increase traffic volume in the future [2][6][7] - High-Jie expressway expansion project design approved, with construction expected to start by the end of April 2025 [4][13] Financial Management - Financial expenses are expected to rise post-expansion project completion, but Q1 2025 expenses did not show significant increases due to some loan funds not being fully utilized [8] - Current loan interest rates range from 2% to 3%, with potential for further reduction depending on LPR trends [8] Market and Policy Impact - The adjustment of the ETC discount policy is anticipated to positively impact toll revenue, although vehicle flow needs to be monitored [11] - The company is actively pursuing new investment opportunities in expressway projects to optimize asset structure and enhance fundamentals [18] Future Outlook - The company aims to balance investment returns and growth in the final year of the 14th Five-Year Plan, with a focus on highway construction and asset investment [22] - Initiatives for the 15th Five-Year Plan are underway, with a commitment to high-quality development and strategic investments in emerging industries [23] Additional Insights - The company’s performance metrics, including stock price ranking and return on equity, indicate strong market recognition [22] - The impact of regional economic changes and traffic flow adjustments on toll revenue is being closely monitored [19][20] This summary encapsulates the key points from the Wantuo Expressway conference call, highlighting financial performance, operational strategies, and future plans within the expressway industry.

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10(B)條而作出。 茲載列安徽皖通高速公路股份有限公司（「本公司」）在中國大陸報章及上海證券交 易所網站發佈的的公告如下，僅供參閱。 關於業績說明會召開情況的公告 承董事會命 安徽皖通高速公路股份有限公司 公司秘書 李忠成 2025年4月29日 中國安徽省合肥市 截止本公告日，本公司董事會成員包括執行董事汪小文（主席）、余泳、陳季平及吳長明；非執行 董事楊旭東及杜漸；以及獨立非執行董事章劍平、盧太平及趙建莉。 | 证券代码：600012 | 证券简称：皖通高速 | 公告编号：临2025-019 | | --- | --- | --- | | 债券代码：242121 | 债券 ...

Group 1 - The stock price of Anhui Wantuo Expressway (00995.HK) closed at HKD 11.760 on April 29, reflecting a 1.03% increase from the previous trading day, with an intraday high of HKD 11.960, marking a new high in nearly a year [1] - The net capital inflow on that day was HKD 0.535 million, with a total of HKD 5.774 million flowing in and HKD 5.239 million flowing out [1] Group 2 - Anhui Wantuo Expressway Co., Ltd. was established on August 15, 1996, and is the first expressway company listed in Hong Kong, as well as the only publicly listed expressway company in Anhui Province [2] - The company primarily engages in the investment, construction, operation, and management of toll roads within Anhui Province, generating revenue through toll fees for vehicles [2] - The company owns or has partial rights to several expressways in Anhui, including the G40 Huhang Expressway, G50 Huhang Expressway segments, and the Anqing Yangtze River Bridge, among others [2] - The company also provides management services for approximately 4,163 kilometers of expressways on behalf of Anhui Transportation Holding Group and its subsidiaries [2] - Additionally, the company is exploring advertising, quasi-financial services, and fund investment businesses to expand its profit margins and achieve sustainable development [2]

Financial Performance - The company's operating revenue for the first quarter of 2025 reached RMB 2,821,340,301.98, representing a 95.33% increase compared to RMB 1,286,864,373.72 in the same period last year[9] - Net profit attributable to shareholders was RMB 551,150,344.38, a 5.19% increase from RMB 459,671,340.30 year-on-year[9] - Basic and diluted earnings per share increased to RMB 0.3323, up 5.19% from RMB 0.2771 in the same period last year[9] - The company reported total revenue of RMB 2,821,340,301.98 for Q1 2025, a significant increase of 95.1% compared to RMB 1,444,388,625.27 in Q1 2024[43] - The company reported a net profit of RMB 13,538,910.64 for Q1 2025, compared to RMB 11,830,380.30 in Q1 2024, reflecting an increase of 14.5%[43] - Operating profit for Q1 2025 was approximately ¥746.77 million, an increase of 4.82% compared to ¥712.29 million in Q1 2024[44] - Net profit for Q1 2025 reached ¥554.81 million, up 2.67% from ¥539.01 million in Q1 2024[44] - Total comprehensive income for Q1 2025 was ¥498.40 million, a decrease of 7.54% from ¥539.01 million in Q1 2024[45] Cash Flow and Investments - The net cash flow from operating activities was RMB 870,334,507.72, reflecting a 10.17% increase from RMB 674,132,876.34 in the previous year[9] - Cash flow from operating activities for Q1 2025 was ¥870.33 million, an increase of 10.16% compared to ¥790.00 million in Q1 2024[48] - Cash flow from investing activities for Q1 2025 showed a net outflow of ¥633.15 million, worsening from a net outflow of ¥139.27 million in Q1 2024[48] - Cash flow from financing activities for Q1 2025 resulted in a net inflow of ¥452.99 million, compared to a net inflow of ¥225.45 million in Q1 2024, indicating a significant increase[49] - The company received cash from borrowings amounting to ¥5.08 billion in Q1 2025, a substantial increase from ¥400 million in Q1 2024[49] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 29,001,383,861.13, marking a 5.46% increase from RMB 24,414,336,538.24 at the end of the previous year[12] - The company's total liabilities increased to RMB 15,370,624,468.73 as of March 31, 2025, compared to RMB 9,596,629,676.59 at the end of 2024, marking a rise of 60.5%[40] - The company's non-current assets totaled RMB 23,713,611,387.73 as of March 31, 2025, up from RMB 21,861,490,305.89 at the end of 2024, indicating an increase of 8.4%[39] - The company's equity attributable to shareholders decreased to RMB 12,100,900,720.63 as of March 31, 2025, from RMB 16,376,960,138.34 at the end of 2024, a decline of 26.2%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,889[18] - The top shareholder, Anhui Provincial Transportation Holding Group, holds 524,644,220 shares, accounting for 31.63% of the total[19] - The company has no known related relationships among the top shareholders, ensuring independent shareholder actions[23] Traffic and Toll Revenue - The average daily traffic volume for the He Ning Expressway increased by 11.28% year-on-year, with toll revenue reaching RMB 377.86 million, up 9.33%[25] - The Xuan Guang Expressway reported a 17.23% increase in traffic volume, with toll revenue rising by 34.26% to RMB 10.38 million[25] - The total toll revenue for the reporting period was RMB 1,292.68 million, reflecting a 9.07% increase compared to the previous year[25] Policy and Discounts - The total amount of policy-based fee reductions during the reporting period reached RMB 264 million, including RMB 39 million for approximately 52,700 vehicles in the green channel[26] - During the Spring Festival, the traffic flow of small passenger cars (7 seats or fewer) on the company's managed roads reached 3.1967 million vehicles, resulting in a fee exemption of approximately RMB 137 million[26] - The ETC discount amounted to RMB 82 million, with RMB 47 million attributed to the Anhui transportation card for trucks, accounting for 57.14% of the total ETC reductions[26] - The company implemented a toll discount policy effective April 1, 2025, offering a 15% discount for certain vehicles on most highways in Anhui Province[35] Acquisitions and Projects - The company completed the acquisition of 100% equity in two subsidiaries, which are now fully owned, impacting the financial data for the first quarter of 2025[12] - Following the acquisition of 100% equity in Anhui Fuzhou Expressway Co., Ltd. and Anhui Sixu Expressway Co., Ltd., the company's total highway mileage increased to 745 kilometers[34] - The estimated total investment for the G50 Hu-Yu Expressway expansion project is RMB 12.303 billion, with the company's own capital contribution of approximately RMB 2.461 billion, representing 20% of the total investment[29] - The estimated total investment for the S62 Bozhou to Dancheng Expressway project is approximately RMB 3.08 billion, with the company's capital contribution of about RMB 215.6 million[34] Financial Activities - The company completed the issuance of RMB 2 billion rural revitalization corporate bonds, with a total issuance scale of RMB 1.3 billion at a coupon rate of 1.99% and RMB 700 million at a rate of 2.15%[32] - The company participated in a specific A-share stock issuance project, with an investment amount of RMB 503 million[15] - The company participated in the subscription of shares in Shenzhen Expressway Group, investing RMB 502.82 million for 38,179,196 shares at a price of RMB 13.17 per share, resulting in a 1.50% stake in the company[33]

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 21.75 CNY, representing a 25% upside from the current price of 17.45 CNY [2][10]. Core Viewpoints - The report emphasizes that high-quality development of listed companies is the foundation of market value management, highlighting that 安徽省内唯一的公路类上市公司 (the only highway listed company in Anhui Province) has a leading ROE of 12.8% in 2024, placing it among the top three in the industry [6][8]. - The report discusses the importance of shareholder returns and increasing dividend ratios as effective methods for achieving positive feedback in market value management, noting that since the company increased its dividend payout ratio in 2021, its market value has significantly improved [11][60]. - The support from major shareholders and the company's proactive efforts to strengthen its platform for sustainable development are also highlighted as key factors in enhancing market value potential [11][60]. Financial Performance Summary - The company is projected to achieve total revenue of 7,092 million CNY in 2024, with a year-on-year growth of 6.9%. However, a decline of 5.0% is expected in 2025, followed by a recovery in 2026 and 2027 with growth rates of 2.1% and 6.5%, respectively [2][23]. - The net profit attributable to shareholders is forecasted to be 1,669 million CNY in 2024, with a slight increase of 0.5% year-on-year. The net profit is expected to grow by 11.7% in 2025 and 6.8% in 2026, before declining by 2.5% in 2027 [2][30]. - The company maintains a healthy financial structure with an asset-liability ratio of 39.13% in 2024, which is relatively stable compared to other major companies in the industry [2][34]. Market Position and Competitive Advantage - The company operates approximately 609 kilometers of toll roads and manages a total of 5,411 kilometers, showcasing its significant presence in the Anhui province highway sector [6][16]. - The report notes that the company's toll revenue per kilometer is among the highest in the industry at 629,000 CNY/km, compared to the industry average of 517,000 CNY/km in 2024, indicating a competitive advantage in pricing [8][45]. - The top three revenue-generating toll roads contribute 71.57% of the company's gross profit, demonstrating the importance of these assets to overall financial performance [40][43]. Investment Recommendations - The report suggests that the company will maintain a dividend payout ratio of no less than 60% from 2025 to 2027, which is expected to yield a dividend yield of 3.9% based on projected net profits [10][11]. - The anticipated acquisitions of 阜周公司 and 泗许公司 in 2025 are expected to further enhance the company's revenue and profit potential, contributing positively to its financial outlook [9][10].

Financial Performance - The company's operating revenue for Q1 2025 reached ¥2,821,340,301.98, representing a 95.33% increase compared to ¥1,286,864,373.72 in the same period last year[4] - Net profit attributable to shareholders was ¥551,150,344.38, a 5.19% increase from ¥459,671,340.30 year-on-year[4] - Basic and diluted earnings per share both stood at ¥0.3323, up 5.19% from ¥0.2771 in the same period last year[5] - Total revenue for Q1 2025 reached CNY 2,821,340,301.98, a significant increase of 95.1% compared to CNY 1,444,388,625.27 in Q1 2024[36] - Net profit for Q1 2025 was CNY 554,813,222.40, representing a slight increase of 2.5% from CNY 539,006,430.21 in Q1 2024[37] Cash Flow and Liquidity - The net cash flow from operating activities was ¥870,334,507.72, reflecting a 10.17% increase from ¥674,132,876.34 in the previous year[5] - Operating cash flow for Q1 2025 was CNY 870,334,507.72, an increase from CNY 790,001,454.11 in Q1 2024, representing a growth of approximately 10.4%[40] - Cash and cash equivalents rose to CNY 4,974,667,815.13 from CNY 4,820,589,842.07 at the end of 2024[33] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 2,848,505,391.76, compared to CNY 1,838,557,023.85 at the end of Q1 2024, representing an increase of approximately 55.0%[41] Assets and Liabilities - Total assets increased by 5.46% to ¥29,001,383,861.13 from ¥24,414,336,538.24 at the end of the previous year[5] - Total liabilities increased to CNY 15,370,624,468.73 as of March 31, 2025, compared to CNY 9,596,629,676.59 at the end of 2024[34] - Long-term borrowings increased to CNY 9,322,355,476.36 as of March 31, 2025, compared to CNY 6,382,090,813.04 at the end of 2024[34] Operational Highlights - The company completed the acquisition of 100% equity in two highway companies, which will enhance its operational capacity and market presence[6] - The company’s construction service revenue increased significantly due to the completion of the Xuan-Guang Highway expansion project, contributing to the rise in operating income[10] - The average daily traffic volume for the G50 Hu-Yu Expressway from Guangde to Xuancheng was 52,896 vehicles, representing an increase of 11.28% compared to the same period last year[17] - The company reported a 17.23% increase in traffic volume for the Xuan-Guang Expressway, with an average daily traffic of 24,456 vehicles[17] Toll Revenue and Policies - The total toll revenue for the same expressway was RMB 37.79 million, up 9.33% year-on-year[17] - The company provided a total of RMB 264 million in policy-related fee reductions during the reporting period, including RMB 39 million for green channel vehicles[18] - The company has implemented an 85% discount policy for trucks using Anhui Transportation Cards, which has attracted more trucks to use the expressways[18] - The company has reduced tolls for small passenger vehicles during the Spring Festival, resulting in a waived amount of approximately RMB 137 million[18] Investments and Acquisitions - The estimated total investment for the G50 Hu-Yu Expressway expansion project is RMB 12.303 billion, with a capital contribution of approximately RMB 2.461 billion, accounting for 20% of the total investment[21] - The company won the bid for the S62 Bozhou to Dancheng Expressway project, with an estimated total investment of approximately RMB 3.08 billion, and the company's capital contribution is about RMB 215.6 million[26] - The company completed the acquisition of 100% equity in Anhui Fuzhou Expressway Co., Ltd. and Anhui Sixu Expressway Co., Ltd., increasing its total highway mileage to 745 kilometers[28] - The company issued RMB 2 billion in rural revitalization bonds, with the first tranche having a total issuance of RMB 1.3 billion at a coupon rate of 1.99%[23][24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,889, with 15,829 A-share shareholders and 60 H-share shareholders[15] - The company's major shareholders include Anhui Provincial Transportation Holding Group Co., Ltd., holding 31.63% of shares, and HKSCC NOMINEES LIMITED, holding 29.49%[15] Other Financial Metrics - The company reported non-recurring gains of ¥82,620,180.29, primarily from government subsidies and fair value changes of financial assets[8] - The company reported a decrease in other comprehensive income, with a net loss of CNY 56,409,762.09 in Q1 2025[37] - The total equity attributable to shareholders decreased to CNY 12,100,900,720.63 from CNY 16,376,960,138.34 at the end of 2024[34]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10(B)條而作出。 茲載列安徽皖通高速公路股份有限公司（「本公司」）在中國大陸報章及上海證券交 易所網站發佈的的公告如下，僅供參閱。 關於召開業績說明會的公告 承董事會命 安徽皖通高速公路股份有限公司 关于召开业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 会议召开时间：2025 年 4 月 29 日（星期二）15:00-16:00 公司秘書 李忠成 2025年4月22日 中國安徽省合肥市 截止本公告日，本公司董事會成員包括執行董事汪小文（主席）、 ...

本文源自：金融界 截至4月22日收盘，安徽皖通高速公路（00995.HK）报11.520港元，较上个交易日上涨0.17%，当日盘中 最高价触及11.800港元，创近一年新高。 资金流向方面，当日主力流入323.172万港元，流出407.836万港元，净流出84.66万港元。 安徽皖通高速公路股份有限公司("本公司")于1996年8月15日在中华人民共和国安徽省注册成立,是中国 第一家在香港上市的公路公司,亦为安徽省内唯一的公路类上市公司。1996年11月13日本公司发行的 4.9301亿股H股在香港联合交易所有限公司上市。2003年1月7日本公司发行的2.5亿股A股在上海证券交 易所上市。。本公司的主营业务为投资、建设、运营及管理安徽省境内的部分收费公路。本公司通过投 资建设、收购或合作经营等多种方式获得经营性公路资产,为过往车辆提供通行服务,按照收费标准收取 车辆通行费,并对运营公路进行养护维修和安全维护。收费公路是周期长、规模大的交通基础设施,具有 资金密集型特点,投资回收期长,收益相对比较稳定。本公司拥有合宁高速公路(G40沪陕高速合宁段)、 205国道天长段新线、高界高速公路(G50沪渝高速高界段)、 ...