Zhongyuan Expressway(SH:600020) Chang Jiang Shang Bao·2025-08-11 23:33Core Viewpoint - Zhongyuan Expressway (600020.SH) is experiencing steady operational improvement, with plans for a significant investment in digital transformation to enhance its infrastructure and diversify its business model [1][4]. Financial Performance - In the first half of 2025, Zhongyuan Expressway reported a revenue of 3.105 billion yuan, an increase of 13.17% year-on-year, and a net profit of 663 million yuan, up 7.68% year-on-year [2][3]. - The company's non-recurring net profit reached 629 million yuan, reflecting a growth of 4.81% year-on-year [2][3]. - The toll revenue for the first half of 2025 was 2.193 billion yuan, which is a 2.23% increase compared to the previous year [2]. Business Diversification - Zhongyuan Expressway is actively developing diversified projects alongside its core highway operations, with a focus on investments in various sectors including banking, insurance, and real estate [1][3]. - The company has established four wholly-owned subsidiaries and has stakes in six other enterprises, enhancing its investment portfolio [3]. Investment Plans - The company plans to invest approximately 190 million yuan in a digital transformation project aimed at upgrading its traffic infrastructure, which includes five specific projects [4][5]. - The project is expected to improve traffic efficiency, enhance user experience, and support regional economic development [5]. Shareholder Activity - The controlling shareholder, Henan Transportation Investment Group, completed a share buyback plan, acquiring 38.69 million shares, which represents 1.72% of the total shares, boosting investor confidence [6]. - Several institutional investors have increased their holdings in Zhongyuan Expressway, indicating strong market interest [6].