According to the new standard implemented on the 20th, the price of different models will be increased by 10-25%. According to the weight charge implemented in October, the toll standard for trucks is higher than the old standard and lower than the new standard, but considering that there is a certain proportion of overloaded vehicles, the weight charge helps to improve the overall toll income. The price increase will increase the company's profit by 3% this year and 22% next year.
The parent company, Jilin Expressway Group, has assets of 14.5 billion at the end of 2009 and net profit of 49 million. In 2009, the highway is about 900km and the long-term plan is 4200 km. With the increase of investment and the rise of construction costs, there will be greater financial pressure in the future. This is the driving force behind the price increase.
We maintain the judgment in the industry depth report "the provinces will raise prices one after another in the next few years" (2010-4-3). The pressure of future highway and railway investment and the increase in construction and maintenance costs will push the highway industry into a new round of price increase cycle. it will also bring a double improvement in the performance and valuation of the highway industry.