Core Viewpoint - The company Sichuan Chengyu has shown a significant increase in net profit for Q1 2025, driven by cost reduction strategies, while also outlining its future plans for asset management and shareholder returns [1] Group 1: Financial Performance - In Q1 2025, the company's net profit attributable to shareholders reached 456 million yuan, marking a year-on-year increase of 16.61% [1] - The reduction in financial expenses contributed to this profit growth, with a decrease of 26.79% compared to the previous year [1] Group 2: Corporate Governance and Management - The company is actively engaged in operational and market value management, although there is currently no formal linkage to performance assessments [1] - The company has implemented a regional management model, completing the integration of highway enterprises and restructuring market-oriented enterprises [1] Group 3: Acquisition and Asset Management - The planned acquisition of 85% of Hubei Jingyi Expressway was terminated due to legal disputes involving minority shareholders, with no current conditions to resume the acquisition [1] - The average remaining lifespan of the company's road assets is approximately 13 years, as detailed in the 2024 annual report [1] Group 4: Shareholder Returns - The company has committed to a shareholder return plan, ensuring a cash dividend ratio of no less than 60% for the years 2023-2025 [1] - The dividend ratios for 2023 and 2024 were 61.83% and 60.79%, respectively, with a commitment to maintain this ratio in 2025 [1] Group 5: Future Development Plans - The company aims to become a benchmark enterprise in the highway sector with top comprehensive strength, focusing on resource integration, asset operation, investment mergers, market value management, and technological empowerment [1] - Future strategies will emphasize core business consolidation while also exploring new revenue streams and cost reduction initiatives to ensure stable performance [1]