Recently, field research was conducted on the Central Plains Expressway. First, they communicated with company executives about the Zheng Yao Expressway situation. When asked how the management viewed this situation due to poor revenue at this stage, which greatly affected the company's performance, the management said that since the Zheng Yao Expressway is a connecting line within the province, and the newly built expressway requires a cultivation period of three to five years, the Zheng Yao Expressway will inevitably drag down the company's performance at this stage, but judging from the data, Zheng Yao Expressway is moving towards a good trend. In 2008, the operating revenue of the Zheng Yao Expressway was 160 million yuan, and the financial expenses were 300 million yuan. However, in 2009, toll revenue from the Zheng Yao Expressway increased by 50%, and this section of the road was positioned as a new channel for tourism and resources, so there will definitely be great and significant development in the future. Personal opinion: Since the opening of the Zheng Yao Expressway in 2007, the company has not been favored in the secondary market, mainly because the road production will put a lot of pressure on the company's performance in the short term, but after this communication, I learned that the company's management is focusing on future development. Although the short-term report is not good, judging from the position of the road industry in tourism and resources in Henan Province, I believe there will be good development opportunities in the future. Afterwards, they communicated about the four-eight expansion of the Zhengluo Expressway, the company's core road. Company executives said that the four-eight expansion project of the Zhengluo Expressway is progressing smoothly at this stage. This road is the busiest highway in the Henan section of the Beijing-Zhuhai Expressway. As a result, traffic jams often occur on the Zhengluo Expressway. As a result, traffic jams often occur on the Zhengluo Expressway. After the four-eight expansion is completed, it will also play a role in inducing traffic on the Zhengluo Expressway. Personal opinion: At this stage, the company has many projects and large investment amounts. The financial pressure the company will face in the next three years will put a lot of resistance on improving the company's performance. However, from a long-term perspective, at this stage, whether it is investing in road construction or the expansion of existing road products, it lays a good foundation for the company's future development and lays the groundwork for traffic growth. Next, when inquiring about the situation of the Zhengkai Expressway, the company director said that he is very optimistic about this road project. The Zhengkai Expressway project is part of the Zheng Min Expressway. It intersects the Lianhuo Expressway within the civil rights area. The Lianhuo Expressway is an important one of the 18 east-west horizontal lines in the national “7918” project, and the traffic on the Lianhuo Expressway is extremely serious at this stage. After the project is completed and opened to traffic, it will divert traffic on part of the Lianhuo Expressway, and the road conditions on the Lianhuo Expressway will be better than the future conditions of the Lianhuo Expressway. The increase in road production traffic will not be a problem; we are optimistic about its long-term development. When asked about matters relating to the asset injection of the Xinxiang to Zheng (state) expressway, company executives said that at this stage, the company's balance ratio is above 70%, which does not meet the requirements of the “Toll Road Equity Transfer Measures”, so the project is currently on hold. When asked about the intention to acquire or replace the Shangqiu section of the Yongbohuai Expressway project, company executives said that the project will run until 2013, and it is impossible to give specific relevant information at this stage. In the communication process with company executives, company executives repeatedly emphasized that they are most interested in the company's future development, and as a toll road listed company, road production is an important factor supporting the company's continuous development. If the scale of the company's road production needs to be expanded in the future, it is not ruled out that new road products will be built. When asked if the company has financing needs in the secondary market, company executives said that the main purpose of financing is to buy road products. If there is a good project, the company will have financing needs in the secondary market. Summary: Through this field survey, I have gained a better understanding of the company's situation, and the management's management ideas have also been clarified. The company's business strategy focuses on business expansion and future development, which is conducive to the company's long-term steady development. Furthermore, the Zheng Yao Expressway, which previously had poor traffic, is currently growing well, which will greatly help improve the company's performance in the future. Therefore, we have been optimistic about the company's development for a long time. However, as far as the current situation is concerned, the company is facing high project investment, high financial expenses, and financial pressure such as depreciation and amortization of the project to fixed assets, and the company's performance in the next three years will be greatly affected. Therefore, the company's “neutral” rating is still maintained at this stage.