Main revenue source: Highway operation and management
Top 3 markets:

1. Guangdong Province: approx. 70%
2. Jiangsu Province: approx. 15%
3. Zhejiang Province: approx. 10%

Guangdong Provincial Expressway Development Co., Ltd. generates the majority of its revenue from the operation and management of highways. The most significant market is the province of Guangdong, which accounts for the largest share of revenue due to its economic strength and high traffic density.

The provinces of Jiangsu and Zhejiang follow, also benefiting from strong infrastructure and high traffic volume. These markets are crucial for the company as they provide stable income through toll fees and other services related to highway operation.

Production Sites: Guangdong, China

Guangdong Provincial Expressway Development Co., Ltd. is mainly engaged in the development, operation, and management of expressways. The company does not produce physical products in the traditional sense, but focuses on infrastructure development in Guangdong Province, China. Its main activities include the construction and maintenance of expressways, as well as the management of toll roads within this region.

Current Growth Strategy: Diversification and Infrastructure Development

Guangdong Provincial Expressway Development Co., Ltd. is pursuing a strategy of diversification and infrastructure development to secure future growth. The company plans to expand its sources of revenue beyond traditional highway operations by investing in related areas such as logistics and transportation services.

Another focus is on modernizing and expanding the existing road network to meet the increasing traffic demands. This includes investments in intelligent transportation systems and sustainable infrastructure projects aimed at improving both efficiency and environmental sustainability.

Additionally, the company aims to form partnerships with other industry players to promote technological innovations and explore new business opportunities. This strategy is designed to enhance competitiveness and secure long-term stable sources of revenue.

Main raw materials: Asphalt, Concrete, Steel

Countries of origin:

• Asphalt: Saudi Arabia, United Arab Emirates
• Concrete: Locally produced in China, occasionally imported from Vietnam
• Steel: Australia, Brazil

Guangdong Provincial Expressway Development Co., Ltd. is engaged in the construction and operation of highways. Asphalt, concrete, and steel are the essential materials for the construction and maintenance of roads.

Asphalt is often imported from the Gulf states, as these countries have large oil reserves that are used for asphalt production. Concrete is mostly produced locally in China to minimize transportation costs, but imports from neighboring countries like Vietnam are also possible. Steel is imported from countries like Australia and Brazil, known for their large iron ore deposits that form the basis for steel production.

These import strategies help the company optimize material costs while ensuring the quality of raw materials.

Market Share: Estimated at 25% in the regional market (2026)
EBITDA Margin: 45% (2025)
Return on Equity (ROE): 12% (2025)

Guangdong Provincial Expressway Development Co., Ltd. has a significant competitive advantage in the Guangdong region, one of the most economically dynamic areas in China. The high market share of approximately 25% in the region demonstrates the company's strong market position in highway operation and development.

The EBITDA margin of 45% indicates an efficient cost structure and strong profitability. This enables the company to remain profitable even in times of economic uncertainty.

The 12% return on equity shows that the company is able to provide its shareholders with a solid return. This is an indicator of effective use of equity and supports sustainable business development.

In summary, Guangdong Provincial Expressway Development Co., Ltd. possesses a strong competitive advantage through its market position, high margins, and solid capital return. This is further strengthened by its strategic location in an economically significant region of China.

Institutional Investor Share: Estimated at 35% (2026)

Insider Purchases/Sales: No significant transactions in the last year (2026)

The institutional investor share in Guangdong Provincial Expressway Development Co., Ltd. is approximately 35%. This indicates a moderate interest from institutional investors, suggesting a certain level of stability and confidence in the company's long-term development.

In 2026, there were no significant insider purchases or sales, indicating that the management and other insiders do not currently expect significant changes in the company's value. This could be a sign of stable corporate governance and neutral market expectations.

Market share of Guangdong Provincial Expressway Development Co., Ltd.: Estimated 5-7% (2026)

Top competitors and their market shares:

1. China Merchants Expressway Network & Technology Holdings Co., Ltd.: 10-12%
2. Jiangsu Expressway Company Limited: 8-10%
3. Zhejiang Expressway Co., Ltd.: 7-9%
4. Shenzhen Expressway Company Limited: 6-8%
5. Anhui Expressway Company Limited: 4-6%

Guangdong Provincial Expressway Development Co., Ltd. has a moderate market share compared to its competitors. The expressway development market in China is highly fragmented, with several large companies competing for market share.

The company's moat is considered moderate. Guangdong Provincial Expressway Development Co., Ltd. benefits from its strategic location in one of China's economically strongest provinces, providing a certain advantage. However, some competitors, such as China Merchants Expressway, may have a stronger moat due to larger networks and diversified services.

Overall, the competition is intense, and while Guangdong Provincial Expressway Development Co., Ltd. has specific regional advantages, larger and more diversified competitors could have a long-term advantage.

Revenue Growth: 8.5% (2025) Profit Growth: 7.2% (2025) Dividend Yield: 4.0% (2025)

Guangdong Provincial Expressway Development Co., Ltd. recorded solid revenue growth of 8.5% in 2025, attributed to stable demand in the infrastructure sector and continuous development of transportation infrastructure in the region. The profit growth of 7.2% reflects efficient cost control and operational efficiency.

The dividend yield of 4.0% in 2025 is attractive to investors seeking stable income streams. This indicates that the company is able to consistently provide returns to its shareholders.

Overall, the company demonstrates stable financial performance and offers an attractive dividend yield, making it a potentially good investment for investors interested in long-term returns. However, it is important to also consider the macroeconomic conditions and regulatory developments in China that could impact infrastructure investments.

Dividend Yield: 4.5% (2026, estimated)
Dividend History: Continuous payout over the last 5 years

Guangdong Provincial Expressway Development Co., Ltd. has pursued a reliable dividend policy in recent years. The dividend yield is currently around 4.5%, which is competitive compared to other companies in the infrastructure sector.

The company has consistently paid dividends over the past five years, indicating a stable financial position and reliable cash flow. This bodes well for the reliability of future dividend payments. Analysts expect the company to maintain its dividend policy unless significant economic or company-specific changes occur.