Share This

Public company info - Qilu Expressway Company Limited-H shares , 01576.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Qilu Expressway Company Limited-H shares, 01576.HK - Company Profile
Chairman Li Gang
Share Issued (share) 1,100,000,000
Par Currency Renminbi
Par Value 1.0
Industry Road and Railway
Corporate Profile Business Summary: The group is an expressway operator, with the exclusive Concession Rights to construct, maintain, operate and manage the Jihe Expressway during the Concession Period. Performance for the year: During the Reporting Period, the revenue from the Group’s operations was approximately RMB1,183.339 million, representing an increase of approximately 28.38% as compared to approximately RMB921.735 million in the corresponding period of last year. During the Reporting Period, the cost of sales and gross profit from the Group’s operations were approximately RMB427.891 million and RMB755.448 million, respectively, as compared to approximately RMB299.208 million and RMB622.527 million for the corresponding period of last year, representing a year-on-year increase of approximately 43.01% and increase of approximately 21.35%, respectively. Business Review： During the Reporting Period, the Company adhered to its steadfast operation and its mission to accelerating the pace of development. With the support from the Shareholders as well as the high-calibre leadership of the Board, the Company seized opportunities, overcame obstacles and thrived amid difficult situation. Various projects commenced efficiently. First, by adopting the enhancement of operational efficiency as the core objective, the Company has strengthened the management of its financial budget, quantified assessment indicators, and exceeded its annual performance targets. Second, by optimising its internal administration, the Company has continuously strengthened system building, and enhanced comprehensively its capabilities in terms of compliance and execution. Third, by adhering to the reforms and innovation, the Company focused on international frontiers, planned proactively for new train of thought and realised new development. During the Reporting Period, the Group continued to develop the Group’s business in accordance with the Group’s Concession Rights, namely to construct, maintain, operate and manage the Jihe Expressway. The traffic flow of Jihe Expressway for 2019 recorded a year-on-year increase of approximately 16.78% to approximately 22.53 million vehicles, among which an approximately 15.96% and 17.18% increase in the truck traffic volume and the passenger vehicle traffic volume, respectively. During the Reporting Period, major traffic flow of the Jihe Expressway was derived from class 1 passenger vehicles and class 5 trucks. The Group believe that this was mainly due to the geographical location of the Jihe Expressway which connects to (i) the key cities and districts, populous areas and tourist attractions in Shandong Province with higher passenger transportation; and (ii) many industrial zones of Shandong Province attracting more large cargo trucks to use the Jihe Expressway. For more details of the Group’s traffic flow, please refer to the section headed “Management Discussion and Analysis – Business Review – Expressway Business” in this announcement. Leveraging on the Group’s information management systems, the Group adopted a centralised management of the Group’s Expressway Business and unified scheduling of road operations. To this end, the Group focused the Group’s operations on the Group’s toll collection, traffic management, and road maintenance and upgrade in order to increase the Group’s operational efficiency. The measures the Group have adopted in the Group’s operations include the following: (1) Automated toll collection facilities to improve traffic efficiency: pursuant to the relevant government policies, each of the Group’s toll stations are equipped with selfservice pass dispensing machines and ETC toll lanes to improve the efficiency of vehicles into and out of the Jihe Expressway; (2) Application of technologies in the Group’s daily operations: the Group conducted round-theclock monitoring of the traffic conditions of the Jihe Expressway with the Group’s highresolution video cameras installed along the expressway which captured realtime traffic image and transmitted across the Group’s ten gigabyte ethernet to the display screens in the safety operation department at the headquarters; (3) Emergency plans to ensure safe and smooth traffic: the Group’s dedicated team from each of the management centres is on duty at all times to deal with emergency matters so as to ensure the smooth traffic of the Group’s expressway. Leveraging on the Group’s comprehensive monitoring system, the Group’s safety operation department acts as a highlevel traffic coordination unit to facilitate swift access by the Group’s emergency response teams to traffic incidents and road emergencies; and (4) Preventive maintenance measures to preserve quality road conditions: the Group focus on preventive maintenance techniques to preserve the Group’s road condition and enhance the drivers’ experience. By making use of the Group’s advanced technologies, the Group are able to form comprehensive maintenance plans in advance. Implementation of preventive maintenance measures enables us to maintain the optimal quality of road surface for a longer service cycle and reduce maintenance cost in the long run. Prospects: 2020 is the closing year for building a well-off society and implementing the “13th Five-Year” plan, as well as a crucial year of speeding up the construction in transportation to strengthen the country. Looking forward to 2020, the world economy will be adversely affected by factors such as long-term trade disputes and geopolitical tensions. Under the control of the government’s robust macroeconomic policies, the domestic economy is expected to shift from a rapid growth phase to a high quality development phase. Shandong Province is committed to the construction of the Provincial New and Old Kinetic Energy Conversion Comprehensive Experimental Zones, adheres to the new development concept, adheres to development notion of “putting quality first and giving priority to performance”, thus it provides the Company with a stable and healthy environment for development. Leveraging on the listing platform of the Stock Exchange, the Group aim to fully utilise Hong Kong’s position as an international financial centre and set ourselves in par with leading peer listed companies. Following the requirements of the Shandong Province Old-to-New Energy Conversion Engineering Project (山東省新舊動能轉換重大工程要求), surrounding the themes of “efficiency and innovation” and targeting ourselves to “strengthen the Group’s fundamental business and develop new business (做強基礎產業、做優新興產業)”, the Group shall continue to enhance the Group’s expressway operation and management and, at the same time, leveraging on the overseas and domestic market, actively expand the Group’s operating business through capital management techniques including merger and acquisition and reorganisation in a timely manner in accordance with the details set out in the sub-section headed “Business – The Group’s Competitive Strengths and Strategies – Business Strategies” in the Prospectus in order to strengthen and optimise the Group’s Company as well as make efforts to equip the Group’s Company as a domestic and overseas investment and financing platform, a production and financing collaboration platform, a principal business acquisition platform, an industrial upgrade platform and a strategic innovation platform so as to realise the robust growth in the Group’s principal business and generate better operating results, thereby continuously providing returns to the Group’s Shareholders.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.