GPED(SZ:000429)2024-09-02 10:40Group 1: Company Overview and Financial Performance - The company reported significant traffic volume growth in several controlled road sections, exceeding the growth rate of toll revenue [4] - The average daily traffic volume on the Guangzhu East section increased significantly after the opening of the Shenzhen-Zhongshan Channel, while toll revenue showed a decline [5] - The company's credit borrowing interest rate ranges from 2.60% to 3.40%, with potential adjustments based on future interest rate changes [5] Group 2: Infrastructure Development and Impact - The ongoing expansion of the Huizhou-Yanjiang Expressway is expected to have a limited impact on traffic volume due to effective traffic management during construction [4] - The opening of the Guangshan High-Speed Railway and other parallel highways has diverted traffic from the Guanghui Expressway, leading to a decrease in both traffic volume and toll revenue [5] - The company is actively monitoring the structural changes in traffic flow due to the new road network configurations [5] Group 3: Investor Relations and Engagement - The investor relations activity included a specific audience survey, with participation from various investment management firms [2] - The meeting provided insights into the company's operational status and financial data for the first half of the year [4] - Questions raised during the Q&A session addressed key operational challenges and financial performance metrics [5]