GPED(SZ:000429)2022-12-04 11:08Group 1: Investment and Development Strategy - The company continues to follow the "13th Five-Year" development plan, focusing on steady progress and sustainable development in the highway sector [2] - Emphasis on consolidating the core competitiveness of the highway business and expanding related industries [2] - Plans to enhance the supervision and coordination of the Fokai South Highway and Huizhan Highway expansion projects to minimize negative impacts on traffic [2] Group 2: Financial Performance and Impact - The Fokai South Highway expansion project has been solidified with an investment of approximately 1.2 billion yuan [3] - The company is actively tracking quality highway project investment opportunities to increase its controlling projects [3] - The adjustment of the ETC discount from July 1, 2019, from 98% to 95% is expected to negatively impact toll revenue but may promote an increase in ETC traffic [3] Group 3: Traffic Flow and Market Dynamics - The opening of the Nansha Bridge and the first phase of the Fangguan Highway has led to a decrease in traffic flow towards the Humen Bridge, affecting the revenue of the Guangzhu East Highway [3] - The completion of the Fokai South Highway expansion is anticipated to positively influence traffic flow back to the Fokai Highway after the implementation of new toll standards [3] - The impact of the Yunzhang Phase II and Foshan Ring Road on traffic volume is being closely monitored, with expectations of stabilization in the long term [3]