Yuexiutransport (01052) announced that in July 2024, the toll revenue of Guangzhou North Second Ring Expressway was 97.056 million yuan, a decrease of 7.8% year-on-year. The toll revenue for the first 7 months of 2024 was about 0.607 billion yuan, a decrease of 7.4% year-on-year.
Yuexiutransport (01052) announced that in July 2024, the toll revenue of Guangzhou North Second Ring Expressway was 97.056 million yuan, down 7.8% year-on-year. The toll revenue for the first 7 months of 2024 was about 0.607 billion yuan, a decrease of 7.4% year-on-year.
Since the summer of 2024, the majority of the group's project vehicle traffic and toll revenue have increased compared to the previous period. However, due to the optimization of COVID-19 prevention and control measures in 2023 and the recovery of the macro economy, people's willingness to travel is stronger, resulting in a higher base period in the same period last year, hence the decrease in project vehicle traffic and toll revenue year-on-year.
