SDRB(SZ:000498)2022-12-06 05:36Group 1: Investment and Financial Performance - The company has a low risk of capital recovery due to its collaboration with major shareholder Shandong High-speed, with a typical buyback period of approximately 3 years [3] - In 2016, the company entered the high-speed rail market by participating in the Lunan High-speed Railway project, securing a construction task worth 600-700 million CNY [3] - The company's financing cost is approximately 5 basis points above the basic bank interest rate, indicating a relatively low financing cost [4] Group 2: Project Management and Operations - The company's PPP projects are consolidated with the parent company, impacting the asset-liability ratio and creating pressure for future financing [4] - The company will not engage in highway operations to avoid competition with its major shareholder, Shandong High-speed [4] - The company is currently awaiting approval from the CSRC for its targeted issuance, with updates on 2016 and Q1 2017 data being processed [5] Group 3: Investor Relations and Support - The company has strong support from banks, alleviating significant financial pressure, with many completed projects generating cash recovery [5] - The investor relations activity involved specific research with various securities firms, indicating proactive engagement with investors [2]