Core Points - Zhejiang Jiaokao announced on September 18 that its subsidiaries have been selected as the first candidates for several segments of the G2531 Hangzhou to Shangrao Expressway project [2] Group 1 - The company disclosed a notice regarding the bidding project on September 2, 2025, through various financial news platforms [2] - Subsidiaries involved include Zhejiang Jiaokong Group Co., Ltd., Zhejiang Jiaokong Jinzhu Transportation Construction Co., Ltd., Zhejiang Jiaokong Road and Bridge Construction Co., Ltd., and Zhejiang Jiaokong Hongtu Transportation Construction Co., Ltd. [2] - The company has received the bid notification for the aforementioned project segments [2]

Core Viewpoint - The company has won multiple bids for the G2531 Hangzhou to Shangrao Expressway, enhancing its market position in the Yangtze River Delta region [1] Group 1: Project Details - The company’s subsidiary won the bids for segments TJ3, TJ5, TJ6, and TJ7 of the G2531 expressway project [1] - The bid amount for segment TJ3 is 1.965 billion, for TJ5 is 1.718 billion, for TJ6 is 1.747 billion, and for TJ7 is 1.748 billion [1] - The project durations are 1341 calendar days for TJ3 and 1096 calendar days for the other segments [1] Group 2: Strategic Implications - The awarded projects align with the company's main business strategy and are expected to enhance its competitiveness and market share in the Yangtze River Delta region [1]

Core Viewpoint - Zhejiang Jiaokao (002061.SZ) has received bid notification letters for several project segments related to the Yilongqing Expressway and the G92 Hangzhou Bay Ring Expressway [1] Group 1 - The company announced that it has won bids for the Yilongqing Expressway segment from Yiwu to Longquan (Jinhua section) [1] - The company also secured bids for the Ningbo Qijia Mountain to Zhoushan Jintang section of the G92 Hangzhou Bay Ring Expressway [1]

Core Viewpoint - Zhejiang Jiaokao (002061.SZ) announced that its subsidiaries have been selected as the first candidates for several segments of the G2531 Hangzhou to Shangrao Expressway project [1] Group 1: Project Involvement - The subsidiaries involved are Zhejiang Jiaogong Group Co., Ltd., Zhejiang Jiaogong Jinzhu Transportation Construction Co., Ltd., Zhejiang Jiaogong Road and Bridge Construction Co., Ltd., and Zhejiang Jiaogong Hongtu Transportation Construction Co., Ltd. [1] - The project is the G2531 Hangzhou to Shangrao Expressway (Hangzhou section) [1] Group 2: Bid Details - The segments for which the subsidiaries are the first candidates include TJ03, TJ05, TJ06, and TJ07 [1] - Proposed bid amounts are as follows: - Segment TJ03: 1.965 billion yuan - Segment TJ05: 1.718 billion yuan - Segment TJ06: 1.747 billion yuan - Segment TJ07: 1.748 billion yuan [1]

Group 1 - Zhejiang Jiaokao announced on August 22 that its subsidiaries participated in the bidding for two highway projects: Yilongqing Expressway from Yiwu to Longquan (Jinhua section) and G92 Hangzhou Bay Ring Expressway from Ningbo Qijia Mountain to Zhoushan Jintang (Ningbo Qijia Mountain to Zhoushan Jintang section) [2] - On August 21, 2025, the bidding results were announced, with the subsidiaries being the first candidates for some sections of the mentioned projects [2] - The projects are still in the public announcement period, and there is uncertainty regarding the final acquisition of the "Notice of Winning Bid" and contract signing [2]

Group 1 - Sichuan Road and Bridge (600039.SH) announced the involvement of its subsidiaries in construction projects [1] - The subsidiaries mentioned include Sichuan Highway Bridge Construction Group Co., Ltd. and Sichuan Transportation Construction Group Co., Ltd. [1] - The announcement highlights the company's ongoing activities in the infrastructure sector [1]

Core Viewpoint - Anhui Construction has secured a significant project, becoming the operator for the S68 Jingde to Jixi Expressway, with an estimated investment of 5.7 billion yuan, which is expected to enhance the company's revenue and operational efficiency [1][2]. Group 1: Project Details - The S68 Jingde to Jixi Expressway project includes investment, financing, construction, operation management, maintenance, and handover, with a total estimated amount of 5.7 billion yuan [1]. - The company has been actively winning bids for various projects this year, totaling over 55.3 billion yuan, including the G0323 Jining to Hefei Expressway project, which alone is over 7 billion yuan [1]. Group 2: Business Expansion - While consolidating its local market, the company is also expanding its business outside Anhui, successfully winning the S27 Hohhot to Ordos Expressway project, estimated at 7.135 billion yuan, which will enhance its influence in the national construction market [2]. - The company is transitioning towards an "investment-driven" model, with a focus on BOT and other special projects, expecting higher returns compared to traditional construction projects [2]. Group 3: Financial Goals - The company aims to achieve an operating revenue of 100 billion yuan in 2025, representing a year-on-year growth of approximately 3.6%, and a total profit of 2.75 billion yuan, with a growth of about 3.7% [2]. Group 4: Industry Trends - The construction industry in China is moving towards intelligent and green development, necessitating companies to invest in technology such as AI and big data to enhance operational efficiency and product quality [3].

Core Viewpoint - Sichuan Road and Bridge Construction Group Co., Ltd. has announced its participation in several highway expansion projects, with a total estimated investment of approximately 67.344 billion yuan, and has signed a major construction contract for one of these projects [1] Group 1: Project Participation - The company has decided to abandon controlling stakes and instead participate in the investment of the G85G76 Chongqing (Chuan-Yu Border) to Chengdu Highway Expansion Project, Suining to Chongqing Highway (Sichuan Section) Expansion Project, and Dazhu to Dianjiang (Sichuan Section) Highway Project [1] - The total estimated investment for these projects is around 67.344 billion yuan, with a self-raised capital ratio of no less than 20%, which amounts to approximately 13.4688 billion yuan [1] Group 2: Contract Signing - The company's wholly-owned subsidiary, Road and Bridge Group, has signed a total construction contract for the G85G76 Chongqing (Chuan-Yu Border) to Chengdu Highway Expansion Project, covering a total length of approximately 81.398 kilometers [1] - The total contract amount for this segment is approximately 11.596 billion yuan, with a total construction period of 39 months [1]