XD INVESTMENT(SZ:000900)2022-12-07 09:36Group 1: Highway Operations and Development - The company operates 338 kilometers of highways and holds toll operation rights, focusing on high-grade highway construction, toll collection, and maintenance [1] - The company is the only public highway company in Hunan Province, with three subsidiaries managing four major highways [2] - The operational periods for the highways include: Chang-Yong (30 years), Chang-Tan (30 years), Tan-Lei (20 years), and Xu-Huai (30 years) [2] Group 2: Financial Performance and Market Position - The company has strong financing capabilities and advantages in highway asset quality and talent reserves [2] - The company’s main business is crucial for enhancing operational performance and maintaining financing functions in the capital market [3] - The revenue from Xu-Huai Highway in the first three quarters of 2014 was 69.9625 million RMB [7] Group 3: Future Growth and Strategic Initiatives - The company aims to expand its highway operations and explore new development avenues to increase the proportion of highway assets [3] - The company plans to actively seek business innovation and collaboration with banks, securities, and insurance firms to enhance its financial services [5] - Future projects will focus on environmental services, with a five-year development plan to establish a comprehensive environmental service operator [6][7] Group 4: Investment and Subsidiary Operations - The company has established a subsidiary, Hunan Modern Environment Technology Co., Ltd., focusing on environmental financial services and waste management projects [6] - The investment in Huaihua Rural Commercial Bank aims to further expand the company's financial business and enhance its financial platform [7]