GPED(SZ:000429)2025-05-21 09:22Group 1: Company Overview and Financial Data - The company reported a total investment amount of 30.52 billion CNY for the Guanghui Expressway expansion project, with 35% as capital and 65% financed through bank loans [2] - The company holds a 51% stake in Guanghui Company, which translates to approximately 5.448 billion CNY in capital contribution [2] - The construction period for the project is estimated to be 5 years [2] Group 2: Project Necessity and Strategic Importance - The Guanghui Expressway is located in the core area of the Pearl River Delta transportation hub, indicating high traffic volume and stable toll revenue potential [2] - Investment in the Guanghui expansion project is expected to enhance the company's expressway asset scale and focus on core business during the "14th Five-Year Plan" period [2] - The expansion will allow for the establishment of a toll operating period, ensuring the continuous operation of Guanghui Company and reinforcing the company's expressway business [2] Group 3: Capital Expenditure Plans - Recent capital expenditures primarily focus on the expansion projects of controlled expressways, including the ongoing Guangzhu East, Yue Zhao, and Hui Yan expressway projects [2] - The company plans to fund these projects according to their engineering progress to meet construction funding needs [2]