Anhui Expressway (600012): Plans to acquire two high-quality road assets, which is expected to enhance profitability.

On the evening of January 1, Anhui Expressway announced a plan to acquire 100% equity of the high-quality road assets of Fuzhou Expressway and 100% equity of the Huaihai section of Sixu Expressway from the major shareholder Anhui Transportation, with a total transaction price of 4.77 billion yuan. The acquisition still requires shareholder meeting approval.

HTSCJan 2 18:37

Anhui Expressway to Acquire Two Highway Concession Companies From Parent

MT NewswiresJan 2 10:57

Anhui Expressway (00995.HK) spent 4.77 billion yuan to acquire two highway Assets.

Anhui Expressway (00995.HK) announced that it signed a purchase agreement with Anhui Communication Control Group on December 31 last year. It is reported that Anhui Expressway conditionally agreed to acquire equity in Fuzhou Company and Sixu Company from Anhui Communication Control Group for a price of 4.77 billion yuan. The assets involved in the trade include a toll mileage of 83.57 kilometers for the entire Fuzhou Expressway, starting from the Liu Xiaojie Interchange in Lixin County, Bozhou City, and ending at Fengjing Town, Huoqiu County, Liu'an City. The Huai Bei section of the Sixu Expressway starts from Xiaozhao Village in Gurao Town, Lianshan District, Huaibei City, and ends at the border with Henan Province connecting to the Yongcheng section, with a toll mileage of 52.2 kilometers. After the delivery.

AASTOCKSJan 2 09:13

Express News | Anhui Expressway: plans to acquire 100% equity of Fuzhou Company and Sixu Company for 4.771 billion yuan.

BreakingsJan 1 15:42

ANHUIEXPRESSWAY (00995.HK) update report: The impact of reconstruction and expansion in the short term, profit distribution and dividends will continue.

Report Introduction: In 2024, Anhui Expressway will be significantly impacted by fluctuations in Industry demand and renovations and expansions. In the future, the completion of improvements to high-quality road assets will extend the Operation term and ensure long-term profitability. Continued high dividends are expected, and dividend certainty is anticipated.

GTJADec 29, 2024 13:02

Research Reports Gold Digging | GTJA: Maintain Anhui Expressway 'Shareholding' rating, raising Target Price to 20.06 yuan.

The GTJA Research Reports pointed out that Anhui Expressway (600012.SH) will be significantly affected by fluctuations in industry-wide demand and renovation and expansion in 2024. In the future, as high-quality road assets complete renovation and expansion, the operation period will be extended and long-term profitability will be secured. Continuous high dividends are expected, and dividend certainty is anticipated. In the first three quarters of 2024, the company's net income attributable to the parent company was 1.22 billion yuan, a year-on-year decrease of 10%; during this period, the average daily traffic flow dropped 10% year-on-year, and toll revenue fell 8% year-on-year. In addition to the impact of industry-wide freezing rain and snow and demand fluctuations, this is mainly due to the implementation of one-way traffic on the 宣广 and 广祠 expressways starting in March 2024.

Gelonghui FinanceDec 27, 2024 16:36 · Ratings