DGKG(SZ:000828)2022-11-24 12:34Group 1: Project Updates - The Dongguan-Shenzhen Expressway expansion project has received approval from the Guangdong Provincial Development and Reform Commission and is currently in the surveying and design phase, with plans to commence construction by June 2023. The internal rate of return on capital for this project is estimated at 5.69% [1] - As of the end of Q3 2022, the company has invested approximately 8 billion CNY in the first line of the rail transit project, with a total investment target of 16 billion CNY for the year [2] Group 2: Financial Performance - In Q3 2022, the company's total assets and net assets grew significantly, exceeding expectations, while operating revenue and net profit were impacted by the pandemic, leading to a shortfall in meeting annual operational targets [1] - The mixed traffic volume on the expressway for the first three quarters was 81.16 million vehicles, a decrease of 2.89% year-on-year, with toll revenue at 900.1 million CNY, down 5.49% year-on-year [2] Group 3: Strategic Initiatives - The company plans to prioritize the rapid development of local charging station businesses during the 14th Five-Year Plan period, while also exploring markets in the Guangdong-Hong Kong-Macao Greater Bay Area. In 2023, the company aims to build 32 new charging stations and 221 charging piles [2] - The company is currently researching a stock incentive plan and has implemented market-oriented salary reforms to attract talent in key business sectors [3] Group 4: Future Investments - Future investments will focus on transportation infrastructure and the new energy industry, with an emphasis on acquiring quality assets in related upstream and downstream industries [3] - The estimated total investment for the Dongguan-Shenzhen Expressway expansion project is 17.748 billion CNY, with a capital contribution ratio of 25%, amounting to 4.437 billion CNY, which will be financed through self-funding, bank loans, and perpetual bonds [3]