Shanxi Hi-speed Group(SZ:000755) Zheng Quan Zhi Xing·2025-05-21 13:40Core Viewpoint - Shanxi Expressway Group Co., Ltd. has established a three-year shareholder return plan (2023-2025), prioritizing cash dividends and aiming to distribute at least 40% of the annual distributable profits as cash dividends to shareholders [1][4]. Financial Performance - In Q1 2025, the company reported a net profit of 107 million yuan, a year-on-year increase of 26.92%, attributed to increased toll revenue and cost reduction efforts [3][4]. - The company plans to distribute a cash dividend of 2 yuan per 10 shares for the fiscal year 2024, totaling approximately 293.46 million yuan, which represents 73.2% of the annual distributable profits [1][4]. Investment and Development Strategy - The company is focusing on integrating high-quality asset resources into the listed company and enhancing fixed asset investments to improve operational quality [1][4]. - In 2024, the company allocated 6.0735 million yuan for R&D, focusing on six key projects related to highway maintenance and technology [3][4]. Operational Efficiency - The company has implemented measures to reduce operational costs, including the promotion of unmanned toll stations and centralized monitoring systems, which have contributed to a significant decrease in financial expenses [3][4]. - The company aims to enhance its core competitiveness by focusing on asset and capital management, innovation, and operational efficiency [4][6]. Market Position and Future Plans - As the only publicly listed expressway platform in the province, the company has a unique resource advantage and plans to expand its market share through strategic asset acquisitions and operational improvements [4][6]. - The company is exploring the integration of service areas with commercial development, logistics, and tourism to enhance revenue from its road economy segment [4][6].