Guangdong Expressway reports solid Q3, updates governance policies

Guangdong Provincial Expressway Development reported total revenue of 3,362,508,742.41 yuan for the first three quarters of 2025, a 3.99% decrease year-over-year. Net profit attributable to shareholders increased by 13.92% to 1,545,171,669.34 yuan. The company's total assets grew by 7.88% to 24,209,363,602.65 yuan, while owners' equity rose 3.61% to 10,845,825,563.84 yuan. Operating cash flow increased by 20.27% to 3,044,711,345.74 yuan, largely driven by received operating funds and government subsidies.

The company's board of directors approved the Q3 2025 report and revisions to eight key governance documents during its 32nd (interim) meeting on October 28, 2025. These revisions include updates to the "Independent Director System," "Information Disclosure Management System," and "Related Party Transaction Management System."

These policy updates aim to enhance internal controls, particularly regarding information disclosure and related party transactions, aligning with current legal and regulatory requirements. All revisions received unanimous board approval, except for the Independent Director System, which will be submitted for shareholder review.