Core Insights - Nanjing Transportation REIT has successfully completed its first year, marking a significant milestone in the development of public REITs in China, particularly in infrastructure investment [1][2][3] - The REIT has demonstrated robust performance with a daily average traffic flow of over 40,000 vehicles and a 9% annual revenue growth, reflecting the vitality of the economic artery it represents [1][5] Group 1: Operational Achievements - The REIT has conducted three rounds of profit distribution, totaling 31.815 million yuan, showcasing its commitment to returning value to investors [2][5] - The collaboration between Nanjing Transportation Group, Nanjing Highway Group, and Huaxia Fund has strengthened the operational management and asset value of the REIT [3][4] - Traffic management initiatives have led to a 10.2% improvement in overall traffic efficiency during peak holiday periods, enhancing the travel experience for the public [3][4] Group 2: Financial Performance - For the period from November 2024 to September 2025, the average daily traffic flow reached 41,000 vehicles, a year-on-year increase of 7.35%, with total toll revenue of 459 million yuan, reflecting a 9.04% growth [5] - The REIT has maintained a high distribution ratio, with dividends distributed amounting to 31.815 million yuan, representing over 99% of the available distributable amount [5][6] Group 3: Market Recognition - The REIT has seen strong demand in its issuance, with subscription rates of 19.163% for public investors and 12.848% for institutional investors, indicating high market confidence in its underlying asset value [6][7] - Since its listing, the REIT has outperformed the CSI REITs Total Return Index with a market increase of 30.84%, highlighting its attractiveness as an investment [7] - The company has established a transparent investor relations framework, enhancing communication with stakeholders through various channels [7][8]