沪杭甬公司蝉联港股金牛奖

Core Viewpoint - Zhejiang Hu-Hang-Yong Highway Co., Ltd. has been awarded the "Corporate Governance Golden Bull Award" at the 2025 Xiamen Industrial Development Conference, highlighting its competitive edge in the capital market [1]. Group 1: Company Performance and Recognition - The Golden Bull Award, established in 1999 and newly introduced for Hong Kong-listed companies in 2023, recognizes companies excelling in scale, profitability, debt repayment ability, asset management, growth potential, and innovation [1]. - Hu-Hang-Yong has won this award for two consecutive years, reflecting its strong performance in the capital market [1]. Group 2: Operational Strengths - The company has maintained a focus on stable operations and core business since its listing in 1997, consistently delivering long-term value to investors [5]. - Hu-Hang-Yong's core assets are strategically located in the economically vibrant Yangtze River Delta, ensuring high traffic and logistics flow, which supports revenue growth [6]. - In 2024, the company ranked first among national highway listed companies in terms of asset scale, toll revenue, and profitability, with a return on equity exceeding 11% for three consecutive years [6]. Group 3: Financial Performance - For the first half of 2025, the company reported revenues of RMB 8.68546 billion, a year-on-year increase of 3.8%, and a net profit attributable to shareholders of RMB 2.78748 billion, up 4.0% [6]. - The company has maintained a robust operating cash flow, ensuring sustainable dividends and funding for future capital expenditures and potential expansions [6]. Group 4: Strategic Initiatives - Hu-Hang-Yong is advancing a strategic plan to create an "A+H" dual listing platform by merging with A-share listed company Zhenyang Development, aiming to enhance its valuation and broaden financing channels [7]. - The company has consistently paid annual cash dividends exceeding RMB 32 billion over 26 years, with dividends increasing from RMB 1.541 billion in 2020 to RMB 2.307 billion in 2024 [7]. - A cash dividend arrangement has been set for the next three years post-merger, ensuring a minimum annual dividend of RMB 0.41 per share, with a 6.5% increase in dividends [7]. Group 5: Future Development Strategy - The company aims to enhance its operational efficiency and profitability through strategic initiatives focused on traffic management, smart transportation, and innovative technology applications [8]. - Future strategies include deepening core business operations, promoting industrial upgrades, and expanding data product transactions to drive growth [8].