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成都高速上交所IPO审核状态变更为“终止” 公司高速公路运营总里程达381.69公里

Chengdu Expressway's IPO review status on the Shanghai Stock Exchange has changed to "terminated". The company's total mileage of expressway operation is 381.69 kilometers.

Zhitong Finance ·  Jun 4 21:26

On June 4, Chengdu Expressway Co., Ltd (referred to as Chengdu Expressway) changed its status of IPO review on Shanghai Stock Exchange to "terminated".

According to the financial news app, on June 4, Chengdu Expressway Co., Ltd. (referred to as Chengdu Expressway) changed its status of IPO review on Shanghai Stock Exchange to "terminated." Because Chengdu Expressway Co., Ltd. and its sponsor withdrew the application for issuance and listing, Shanghai Stock Exchange terminated the review of its issuance and listing according to Article 63 of the Stock Issuance and Listing Review Rules of Shanghai Stock Exchange.

According to the prospectus, the company is mainly engaged in the operation, management, and development of expressways (including affiliated service areas) around Chengdu, Sichuan Province, retail trade of finished oil, and at the same time, it is expanding its business in henry hub natural gas operation.

In terms of expressway business, the issuer obtained the concession rights of for-profit expressways through investment, construction, and acquisition, and obtained operating income by providing passage services for past vehicles and collecting vehicle tolls in accordance with government charging standards, in order to recover investment, repay debts and obtain reasonable investment returns. As of June 30, 2022, the issuer's expressway sector has a total of five expressways including Chengdu-Guangan Expressway, Chengdu-Pengshan Expressway, Chengdu-Wenjiang-Qionglai Expressway, Qionglai-Mingshan Expressway, and Chengdu Airport Expressway, with a total network mileage of 192.02 kilometers.

In addition, the company operates and manages two expressways, Chengdu Tianfu Airport Expressway and Pujiang Expressway (the section from Pujiang to Dujiangyan in Chengdu Economic Zone). With these, the total mileage of expressway operation and management reaches 381.69 kilometers.

During the reporting period, the company's toll revenue of each expressway is as follows:

In terms of energy sales sector business, during the reporting period, the main business of the issuer's energy sales sector is finished oil retail. As of June 30, 2022, the issuer's energy sales sector owns 23 gas stations and four gas stations (of which four gas stations have not yet been put into operation). In addition, the issuer operates and manages two gas stations, Chengdu Xinhua Gas Station and Chengdu Huamin Municipal Gas Station. Most of the above gas stations and gas stations are located around the third ring road, an important traffic artery, and the High-tech South District, a gathering place of high-tech enterprises, with obvious regional advantages.

In terms of financials, the company achieved revenue of approximately RMB 2.324 billion, RMB 2.038 billion, RMB 2.702 billion, and RMB 1.374 billion in 2019, 2020, 2021, and the first half of 2022, respectively; and net income of approximately RMB 548 million, RMB 375 million, RMB 685 million, and RMB 323 million, respectively.

The translation is provided by third-party software.


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