Yuexiutransport (01052) has announced that the toll revenue of Guangzhou North Second Ring Expressway in July 2024 was 97.056 million yuan, a decrease of 7.8% compared to the previous year. The toll revenue for the first seven months of 2024 was approximately 0.607 billion yuan, a decrease of 7.4% compared to the previous 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.
