Yuexiu Transport Infrastructure Limited (1052) announced the annual result for last year. For the year, the group recorded a revenue of RMB 2.847 billion, representing a year-on-year increase of 5.3%. Net profit went up 11.2% to RMB 1.054 million, reaching a highest record in terms of operation performance. The earnings per share was RMB 0.63 and the final dividend for last year was HKD 0.24. The total dividend for the year was HKD 0.39, representing an annual dividend payout ratio of 53.6%.

The increase in revenue was mainly attributed to the toll revenue increment in Weixu Expressway and Suiyuenan Expressway in Hubei. The toll revenue of Weixu Expressway increased for 30.2%, mainly due to the favorable regional economy and the measures combating oversized and overloaded transport on local roads, resulting in certain trucks diverted to the Weixu Expressway. Toll revenue of Suiyuenan Expressway grew by 16.5%, mainly because the traffic control implemented for the maintenance in the Wuhan Junshan Yangtze River Bridge of the G4 National Expressway, causing certain trucks to be diverted to the Suiyuenan Expressway.

In terms of development strategies, the company said the Guangdong, Hong Kong and Macao Greater Bay Area plan will be released soon, with a strong emphasis on the construction of an international technology and innovation centre, as well as an interconnection of infrastructure in Guangdong, Hong Kong and Macao. In this regard, the ‘rise of the central region’ and ‘greater bay area’ will be the two regional strategies taken into account during the course of the company's expansion. The company will focus on the business development of expressways and bridges, promote mergers and acquisitions of quality projects, enhancing asset scale and profitability.