Chang Jiang Shang Bao·2025-12-23 00:16Core Viewpoint - Sichuan Chengyu is making a significant acquisition to enhance its highway business by purchasing 85% of Hubei Jingyi Highway Co., Ltd. for 2.409 billion yuan, aiming to increase its asset scale and improve operational efficiency [1][2]. Group 1: Acquisition Details - Sichuan Chengyu's wholly-owned subsidiary, Shunan Investment, plans to acquire 85% of Jingyi Company for 2.409 billion yuan, which operates the Jingyi Highway [2]. - The acquisition will allow Sichuan Chengyu to directly increase the number of controlled highway projects and expand its asset scale and road network coverage [2]. - After the transaction, Jingyi Company will become a subsidiary of the listed company, with its financial performance included in the consolidated financial statements [2]. Group 2: Expansion Strategy - Sichuan Chengyu is pursuing a dual strategy of "expanding outside the province and enhancing quality within the province" to solidify its industry position [1][4]. - The company is also advancing the expansion project of Chengya Highway, having signed contracts exceeding 20 billion yuan for related engineering work [1][3]. - The Chengya Highway expansion project, which is crucial for the company, will help alleviate the pressure of expiring toll rights and ensure stable cash flow and profit growth [3]. Group 3: Financial Performance - Sichuan Chengyu's net profit attributable to shareholders has shown continuous growth, with a 90.15% increase in 2023 to 1.187 billion yuan, and projected growth of 22.91% in 2024 and 15.78% in the first three quarters of 2025 [3]. - The company aims to strengthen its core business in highway investment, construction, and operation while exploring related economic and green energy investments [4].