Jilin Expressway Co., Ltd. (601518)

Jilin Expressway Co., Ltd. (601518)

Jilin Expressway Co., Ltd. was founded in 1993, formerly known as Jilin expressway company. With a registered capital of 2.7 billion yuan, it is a large state-owned enterprise group and a key functional enterprise approved by Jilin provincial government. In December 2018, with the strong support of the Provincial Department of transportation, Jigao group implemented major reform and reorganization, realizing the unification of expressway toll right and asset ownership in the whole province. By the end of 2020, the total assets of Jigao group have exceeded 290 billion yuan. It has double AAA credit rating granted by two rating agencies, such as Zhongcheng credit and Lianhe credit. It has obtained DFI qualification from China Association of dealers and has been rated as the issuer of optimized financing supervision by Shanghai Stock Exchange. The group has 12000 employees, 1372 CPC members and 213 grassroots party organizations. There are 41 ownership enterprises, including 22 wholly-owned subsidiaries, 14 branches, 1 holding company and 4 joint-stock companies. The total mileage of expressways operated by the group and its subordinate enterprises is 4306 km, and 350 km of expressways under construction are invested.

Since the reform and reorganization, Jigao group has been actively serving the major strategic decisions and deployment of the provincial Party committee, the provincial government and the Provincial Department of transportation, taking promoting the overall revitalization and all-round revitalization of Jilin Province as its own responsibility, always adhering to the combination of government guidance and market-oriented operation, and always adhering to the five development concepts of innovative development, coordinated development, green development, open development and shared development, Relying on the highway "investment, construction, operation" integration as the main axis, engineering construction, financial services, intelligent transportation, land development, transportation materials "five plates" coordinated development of the new pattern. To form a highway operation and management as the center, to build a highway industry chain. Build a "1 + n" business development strategic framework, cultivate a new development pattern led by highway construction and supported by multiple profit growth poles, such as transportation materials, value-added services in service areas, asset management of highway ancillary facilities, etc. as a state-owned capital investment and operation company, the group will become an investment development center, capital operation center, risk control center, risk management and control center Performance evaluation center and industry collaboration center. Strive to achieve the sustainable development goal of diversified business income.

Looking forward to the future, Jigao group will firmly seize the major strategic opportunity of building a transportation power and a transportation Province, actively serve the "three five" strategy and the "one main, six double" industrial spatial layout of Jilin Province, accelerate the construction of the "three plates" connecting the East and the West, and give full play to the advantages of highway assets, technology and management, In leading and promoting the province's high-quality economic and social development, we should take the lead and make unremitting efforts to build a domestic first-class, industry-leading large-scale modern transportation industry group!

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