Shenzhen Expressway boosts 2024 dividend payout ratio
Shenzhen Expressway (SSE:600548) highlighted its 2024 financial performance and future strategies during recent investor briefings. The company exceeded its shareholder return plan by setting its 2024 dividend payout ratio to 64.35% of distributable profit, aiming to reward existing shareholders amidst share dilution from recent equity issuances. Key projects, including the Outer Ring Road Phase III and the Jihe Expressway expansion, are progressing with expected completion dates in 2028 and 2029, respectively, with traffic management plans in place to minimize disruptions. While 2024 saw significant asset impairment write-downs of RMB 584 million, mainly related to environmental protection assets, management remains focused on strengthening its core toll road business and exploring opportunities in the environmental sector. The company's effective borrowing cost currently stands at 3.19% and aims to maintain low cost debts. The company also plans RMB 20.6 billion in capital expenditures through 2027 for key projects.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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