- Business
- Yuexiu Transport Infrastructure Limited (1052.HK), founded in 1996 and headquartered in Wan Chai, Hong Kong, invests in, constructs, develops, operates and manages toll expressways and bridges primarily in high-growth regions across the People's Republic of China, including Guangdong, Hubei, Henan, Hunan, Guangxi and Shandong provinces; core assets encompass the Guangzhou Northern Second Ring Expressway (GNSR Expressway, 60% interest, approximately 42.5 km toll length with six lanes and 10 interchanges), Guangzhou Western Second Ring Expressway (GWSR Expressway, 35% interest, approximately 42.1 km toll length with six lanes), Hubei Hanxiao Expressway (30% interest, approximately 38.5 km toll length with four lanes), Hubei Hancai Expressway (67% interest, 36 km total length with initial six-lane and remaining four-lane sections), Hubei Han'e Expressway (100% interest), Hubei Daqing-Guangzhou South Expressway (90% interest), Hunan Changzhu Expressway, Guangxi Cangyu Expressway, Henan Weixu Expressway, Hubei Suiyuenan Expressway and the recently acquired Henan Pinglin Expressway (55% equity interest in Henan Yuexiu Pinglin Expressway Company Limited, covering the Pingdingshan to Linru section of G36 Nanjing-Luoyang Expressway); the company also derives revenue from service areas, gas stations, entrusted road management services and ancillary toll operations. In 2024, the company advanced the comprehensive construction phase of the GNSR Expressway reconstruction and expansion project following land approval and construction permits, completed the acquisition of 55% equity in Henan Yuexiu Pinglin Expressway Company Limited for RMB758.45 million to bolster Central China presence and disposed of its 60% stake in Tianjin Jinfu Expressway Co., Ltd. (Jinxiong Expressway) for RMB190.8 million amid limited remaining toll rights; earlier moves included 2022's Lanwei Expressway acquisition and 2023's initiation of GNSR reconstruction, aligning with the "3331" strategy emphasizing listed, REITs and incubation platforms alongside enhanced investment, operation-maintenance-construction and capital operation capabilities focused on expressways, key regions and auxiliary businesses.