GPED(SZ:000429)2022-12-04 11:08Group 1: Impact of COVID-19 Policies - The company anticipates short-term negative impacts on the highway industry due to the toll exemption policy implemented from February 17, 2020, until further notice [3] - The company is closely monitoring the progress of supporting policies from the Ministry of Transport [3] Group 2: Future Development Plans - The company aims to solidify and expand its core highway business, actively pursuing quality highway project investment opportunities [3] - Plans include accelerating the expansion of the southern section of the Fokai Expressway and optimizing asset structure to increase controlling highway projects [3] - The company is exploring the development of smart transportation and enhancing its market presence in this sector [3] Group 3: Financial Management - During the pandemic, the company adjusted the repayment schedule for some loans while ensuring normal operations of its highways [4] - The recent issuance of a 5-year medium-term note worth CNY 750 million is aimed at repaying existing debts and supplementing working capital [4] Group 4: Strategic Investor Plans - Currently, there are no plans to introduce additional strategic investors [4] Group 5: Asset Depreciation and Traffic Forecasting - The company will hire professional agencies to predict traffic volume when there are significant discrepancies between actual and forecasted traffic [4] - Depreciation for the southern section of the Fokai Expressway will follow the original toll period until the new operating period is approved [4]