Zheng Quan Zhi Xing·2025-06-13 09:30Core Viewpoint - Jiangsu Expressway Company Limited is preparing for its annual shareholder meeting scheduled for June 27, 2025, focusing on maintaining shareholder rights and ensuring orderly proceedings [1][2][3]. Meeting Procedures - The meeting will be chaired by the chairman of the board, with provisions for a substitute if necessary [2]. - Registration for the meeting will occur from 13:30 to 14:30 on the day of the meeting, requiring specific documentation from attendees [2][3]. - Shareholders will have the right to speak, inquire, and vote on agenda items, with voting conducted through both on-site and online methods [3][4]. Voting Process - Voting will be conducted via a combination of on-site and online systems, with each share entitled to one vote [4][5]. - Shareholders must fill out voting forms accurately, and any discrepancies may render votes invalid [5][6]. - The results of the voting will be counted and announced immediately, with provisions for recounts if necessary [4][5]. Company Performance Overview - As of the end of 2024, the company reported total assets of RMB 89.886 billion, a 14.27% increase from the previous year, and net assets of RMB 38.597 billion, reflecting a 13.56% increase [12][32]. - The company achieved a total revenue of RMB 23.198 billion in 2024, a 52.70% year-on-year increase, with a net profit of RMB 4.947 billion, up 12.09% [12][32]. Major Projects and Investments - Key projects include the successful opening of the Ningyang Yangtze River Bridge, with a total investment of approximately RMB 6.254 billion, and ongoing developments in several other significant infrastructure projects [12][13][15]. - The company is also focusing on enhancing traffic efficiency through smart tolling systems and expanding its service area operations [16][19]. Financial Management - The company reported a consolidated profit of RMB 6.317 billion for 2024, achieving 100.05% of its budgeted target, with a net profit margin reflecting effective cost management [32][37]. - The financial strategy includes a focus on reducing operational costs and optimizing revenue streams from various business segments, including tolls and service areas [32][36]. Future Outlook - The company aims to increase its investment in infrastructure projects and enhance its operational efficiency while adhering to green and sustainable practices [23][24]. - The financial budget for 2025 anticipates total revenue of approximately RMB 20.483 billion, with a focus on maintaining cost control and maximizing profitability [31].