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Guangdong Provincial Expressway Development (000429.SZ): Received a government document clarifying that the Guangfo Expressway will be managed by the government.
Guangdong Provincial Expressway Development (000429.SZ) announced that the company has received relevant government documents, clarifying that the Guangfo Expressway will be administrated by the government...
Guangdong Expressway A (000429.SZ): Guangfo Company plans to reverse the bad debt provision for the advanced maintenance expenses of the Guangfo Expressway that have been accrued.
On March 14, Gelonghui reported that Yuexiu Highway A (000429.SZ) announced it has received a government document stating that the Guangfo Expressway will be managed by the government. After conducting an audit settlement procedure, the operation and maintenance expenses advanced by Guangfo Expressway Co., Ltd. (referred to as "Guangfo Company") will be paid to Guangfo Company by the relevant units. The company holds a 75% stake in Guangfo Company, which intends to reverse the bad debt provisions for the advanced maintenance expenses of the Guangfo Expressway that have been accrued. The impact of this matter on the company's financial condition is yet to be further assessed, and the actual impact will ultimately depend on the amount determined by the audit settlement. Investors are kindly advised to pay attention.
Guangdong Provincial Expressway Development Co., Ltd. (SZSE:000429) Just Reported And Analysts Have Been Cutting Their Estimates
Guangdong Provincial Expressway to Invest in Major Highway Expansion
Guangdong Expressway A (000429.SZ): In 2024, the toll revenue on the Guangzhu East Road section is expected to decrease year-on-year due to changes in the road network.
On March 5, GRN reported that Guangdong High-speed A (000429.SZ) stated in a recent investor relations activity that the opening of the Shenzhen-Zhongshan Channel has altered the structure of the regional road network. In 2024, the toll income from the Guangzhudong section will decline year-on-year due to this change in the road network; it is expected that the impact will continue in 2025, and the overall degree of impact will need to be tracked and assessed further.
Guangdong Expressway A (000429.SZ): The upgrade and expansion plan for the Huiyan Expressway is expected to be completed in 2025.
On March 5th, Gelonghui reported that Guangdong Expressway A (000429.SZ) recently stated in an investor relations activity that the Huizhou-Yanxin Expressway renovation and expansion plan is expected to be completed by 2025, and the Huizhou-Yanxin Company will apply to the government for an adjustment of the toll rates as required.
Guangdong Provincial Expressway Development (SZSE:000429) Shareholders Have Earned a 19% CAGR Over the Last Three Years
