Zhi Tong Cai Jing·2025-11-11 03:40Core Viewpoint - Anhui Wantuo Expressway (600012) has shown a strong performance in toll revenue for the first three quarters, indicating growth potential and strategic investments in the sector [1] Financial Performance - For the first three quarters, the company achieved a total toll revenue of 3.915 billion yuan, representing a year-on-year increase of 13.83% [1] - In the third quarter alone, toll revenue reached 1.389 billion yuan, marking a year-on-year growth of 16.24% [1] Strategic Developments - The company announced the completion of the Xuan-Guang Expressway's Guangci section in the third quarter, contributing to significant revenue growth [1] - In October, the company disclosed plans to acquire a 7% stake in Shandong Highway (600350) from Shandong High Group for 3.019 billion yuan, at a price of 8.92 yuan per share [1] - Following this investment, the company will secure one board seat in Shandong Highway and will account for this investment using the equity method, which is expected to enhance its earnings [1]