SDRB(SZ:000498)2025-02-19 10:32Group 1: Company Overview - Shandong Highway Bridge Group Co., Ltd. has a stable contribution from maintenance business, accounting for approximately 5%-6% of revenue over the past three years [2][3] - The company is a pioneer in road maintenance construction in China, leading in technology innovation, professional training, and maintenance base layout [2][3] Group 2: Market Position and Expansion - By the end of 2024, the highway mileage in Shandong Province is expected to exceed 8,700 kilometers, driving continuous growth in the road maintenance market [2] - The company holds a significant market share in Shandong's highway maintenance and is actively expanding into other regions, achieving breakthroughs in over ten provinces including Henan, Hubei, and Sichuan [3] Group 3: Recent Developments - In 2023, the company successfully acquired Shandong Highway Traffic Construction Group Co., Ltd., enhancing its capabilities in road and bridge construction and maintenance [3] - The acquisition includes advanced maintenance management systems and complementary locations, which will improve production efficiency and market expansion [3] Group 4: Emerging Business Areas - The company is participating in emerging business fields such as road photovoltaic, wind power generation, and urban operation services, with over 2 billion yuan in contracts for road photovoltaic projects in 2024 [3] - Future strategies will focus on monitoring trends in emerging industries and preparing for future developments [3]