Henan Zhongyuan Expressway Co., Ltd. (600020)

Henan Zhongyuan Expressway Co., Ltd. (600020)

Henan Zhongyuan Expressway Co., Ltd. (hereinafter referred to as "Zhongyuan expressway" or "company") is approved by the people's Government of Henan Province, and consists of Henan Expressway Development Co., Ltd., Huajian transportation economic development center, Henan Expressway Industrial Development Company, Henan transportation planning, survey and Design Institute and Henan Highway and Port Bureau, A joint stock limited company jointly established in accordance with the company law of the people's Republic of China and other laws and regulations. In December 2000, Zhongyuan expressway was registered in Henan Administration for Industry and commerce. On August 8, 2003, Zhongyuan Expressway's 280 million yuan common stock (A-share) was listed and traded in Shanghai Stock Exchange, which is the only listed company in Henan transportation industry. As the long-term financing window, capital operation carrier and excellent highway asset manager of Henan Expressway Construction in the capital market, since the establishment of Zhongyuan expressway, in accordance with the requirements of market economy and the establishment of modern enterprise system, as well as the national industrial policy and highway development planning, it has adhered to the principle of high-grade highway, high-speed highway, high-speed highway, high-speed highway, high-speed highway and high-quality highway The investment, operation management and maintenance of large and extra large independent bridges and other transportation infrastructure projects are the main business. They focus on providing efficient and high-quality services, creating good economic and social benefits, and safeguarding the interests of all shareholders. They have continuously improved the corporate governance structure, standardized operation and scientific management, and achieved stable and rapid development.

1、 Organization and management

Zhongyuan expressway has established a relatively perfect corporate governance structure and management mechanism, and established a sound decision-making, implementation and supervision system. The responsibilities of the general meeting of shareholders, the board of directors, the board of supervisors and the management are clear and coordinated. The company has made great efforts to carry out scientific management, strengthen the basic work of management, form an effective internal control system and incentive and restraint mechanism, and strictly follow the requirements of China Securities Regulatory Commission to self regulate, so as to make the company become a legal entity and market subject with independent operation and self financing.

The company has the Secretariat of the board of directors, the office, the human resources department, the financial assets department, the accounting and settlement department, the audit department, the Party committee office, the trade union, the supervision office, the assessment office, the engineering management department, the maintenance engineering management department, the toll management and inspection department, the operation supervision and management center, the road and property management department, the service area management department, the investment and operation Department, the publicity and Information Center, and the The legal affairs department and other functional departments have nine branches, namely, ZhengLuo branch, Zhumadian branch, Zhengzhou branch, Pingdingshan Branch, Zhengkai branch, Shangqiu Branch, suixian branch, airport branch and operation and development branch, as well as Zhengmin branch, Xindeng branch, Qixin branch, Shangqi branch, luozhu reconstruction and expansion project Six project departments of airport expressway reconstruction and expansion project.

Zhongyuan expressway has a high-quality staff. As of the end of 2018, the total number of employees of the company is 3705 (excluding the number of employees of holding and participating subsidiaries), and a large number of business management and professional and technical talents are distributed in all important jobs.

More than 90% of the company's employees have college degree or above; 43% of the staff in the headquarters of the company have intermediate or above professional and technical titles, and 27% of the staff have senior professional and technical titles.

2、 Overview of road and Bridge assets

The airport expressway managed by Zhongyuan expressway was built and opened in November 1995, with two-way four lanes. In June 2016, the airport expressway reconstruction and expansion project was completed and opened to traffic, and the whole line was upgraded to two-way eight lane. The expressway from Zhengzhou to Luohe and from Luohe to Zhumadian in Beijing, Hong Kong and Macao is an important section of the national north-south traffic artery and the core part of the expressway network in Henan Province. In December 2007, Zhengzhou Yaoshan Expressway (hereinafter referred to as "Zheng Yao expressway") invested and constructed by the company was completed and opened to traffic. The project is a central radiation line planned by Henan Province to the southwest mountainous area of Henan Province. It is an important energy and tourism Expressway in Henan Province. It is listed as a typical demonstration project of survey and design by the Ministry of communications. The Zhengzhou Kaifeng section of Zhengzhou Minquan expressway was completed and opened to traffic on December 29, 2011, and some sections can realize the military and civilian common combat readiness function. Yongcheng section of Ji Qi expressway was completed and opened to traffic in December 2012, which is an important part of Jining Anhui Qimen expressway. Yongcheng section of Yongdeng expressway was completed and opened to traffic in December 2012. In September 2017, the Shangqiu Dengfeng expressway was opened to traffic, passing through Zhengzhou airport economic comprehensive test area, becoming another large channel of Lianyungang Huojiang Expressway south double track crossing East and West in Henan Province.

The company's industry is highway transportation, and its main business is investment, construction, operation and management of operating toll roads. By the end of 2018, the total mileage of the company's operation is about 792 km, including 569 km of four lane expressway, 17 km of six lane Expressway and 205 km of eight Lane expressway. Since the establishment of Zhongyuan expressway, with the strong support and care of the government, shareholders and all walks of life, it has always adhered to the development direction of "outstanding main business, comprehensive operation, standardized management, stable operation and excellent performance". It has achieved great leap forward development, continuously expanded asset scale, continuously improved corporate governance and continuously increased business performance.

3、 Development advantages

1. Policy support, industry advantages with broad prospects

For a long time, the development of transportation infrastructure industry of Zhongyuan expressway has been strongly supported by the national industrial policy. With the stable and rapid development of China's national economy, the scale of economic and social activities will continue to grow rapidly, the number of cars will continue to show a trend of rapid growth, and the huge demand for expressways will continue to maintain a stable growth.

2. Located in the Central Plains, the hub of the four regional advantages

Henan Province is located in the Central Plains, connecting the East and the west, connecting the South and the north. It is an important transportation hub in China. The road and Bridge assets of Zhongyuan Expressway belong to the important section of the national north-south highway artery, and meet with the national east-west highway artery Lianyungang to Horgos national trunk line in Zhengzhou. With the completion of the Beijing Hong Kong Macao Expressway and the implementation of the national western development strategy, the company's traffic location advantage of "dominating the Central Plains, hub four sides" will be further revealed.

3. Efficient and practical, scientific and perfect management advantages

Since the establishment of the company, according to the requirements of modern enterprise system, a perfect corporate governance structure has been established. The board of directors and management team of the company are innovative and enterprising, pragmatic and efficient, adhere to the "people-oriented" management concept, constantly improve the system and mechanism, mobilize the enthusiasm and creativity of all employees, and promote the high-quality and steady development of the company.

4、 Future development

The new era and new journey will focus on deepening reform and accelerating transformation. The main purpose of this project is to develop diversified projects on the basis of the main industry's stability. With the highway plus Internet plus Finance + capital as the fulcrum, we will actively participate in the strategic emerging industries such as Internet economy, innovative finance, intelligent transportation, and health care for the elderly. Invest in "four industries", continuously improve the level of profitability, strive to bring returns to shareholders, create happiness for employees and create value for society.

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