GPED(000429)2024-08-30 11:48Group 1: Company Overview - The company provided a brief introduction to its operating conditions for the first half of the year, including the progress of its controlled and holding road expansion projects and key financial data changes year-on-year [2]. Group 2: Traffic Impact Analysis - The opening of the Shenzhen-Zhongshan Channel has significantly altered the regional road network structure, leading to a noticeable increase in average daily traffic volume on the Guangzhu East section, while toll revenue has decreased [2]. - In July, traffic data indicated that the Guangzhu East section experienced a significant increase in traffic volume compared to both the previous month and the same month last year, but toll revenue showed a decline [2]. Group 3: Future Projections - The company anticipates that the traffic ratio of passenger to freight vehicles on its controlled road sections will remain largely unchanged in the third quarter of 2024 [2]. - The Jiangzhong Expressway expansion project is nearing completion, and the company is currently applying for adjustments to the toll standards, which will be implemented according to government approval [2]. Group 4: Project Progress - The expansion projects for Jiangzhong Expressway, Guangzhao Expressway, and Guangzhu East Expressway are progressing smoothly and as planned [2]. - The Guanghui Expressway company is actively working on preliminary project approval and establishment procedures [2].