GPED(000429)2025-03-10 10:00Group 1: Company Overview and Future Plans - The company aims to serve as a capital operation platform for the transformation and upgrading of the Guangdong province highway transportation industry during the "14th Five-Year Plan" [1] - The focus is on cultivating and integrating new industries in the highway and transportation sectors, expanding the scale of the main business, and enhancing profitability [1] Group 2: Financing and Investment - The total estimated investment for the Guanghui Expressway expansion project is CNY 30.52 billion, with 35% as capital and 65% financed through bank loans [1] - The company will contribute approximately CNY 5.448 billion as capital, based on a 51% stake in Guanghui Company, with a construction period of 5 years [1] Group 3: Dividend Policy - The company plans to distribute cash dividends amounting to at least 70% of the net profit attributable to the parent company for the years 2024-2026, provided there are no major investment plans or cash expenditures [2] Group 4: Operational Management - Guangfo Company will continue to manage the Guangfo Expressway, with ongoing communication with government departments regarding maintenance expenditures [2] - The company is investing in digital technology for highway maintenance and toll system software to enhance operational efficiency [2] Group 5: Financing Costs - As of December 31, 2024, the company's financing interest rate is projected to be between 2.20% and 2.80% [2]