Chengdu Expressway Co., Ltd. (hereinafter referred to as the “Company”) is principally engaged in the operation, management and development of expressways located in and around Chengdu, Sichuan Province. Meanwhile, The Company also carries out operation of refined oil and CNG. Business operations of The Company are therefore categorised into “expressway” and “energy” two segments.
The“expressway”segment constitutes the traditional principal business of The Company. For the year ended 31 December 2021，the Company owned five expressways, i.e., Chengguan Expressway, Chengpeng Expressway, Chengwenqiong Expressway, Qiongming Expressway and Chengdu Airport Expressway, and held 40% equity interests in Chengbei Exit Expressway, covering a total network mileage of 202.37 kilometres (including Chengbei Exit Expressway). In addition, in December 2020, the Company won the tenders for the operation and management business of Chengdu Tianfu International Airport Expressway (“Tianfu Airport Expressway”) and Pujiang-Dujiangyan Section of Chengdu Economic Zone Ring Expressway (“Pudu Expressway”), upon which, the total mileage (inclusive of the sections under entrusted management) of expressways operated by the Company reached 392.04 kilometres. Located strategically in areas adjacent to Chengdu, expressways operated and invested by the Company are an integral part to the expressway network surrounding Chengdu which connect several districts with abundant economic, cultural and tourism resources. The“energy”segment was consolidated into the Company on 12 August 2020, where Chengdu Energy Development Co., Ltd. acts as the investor to conduct operation of refined oil and CNG through its subsidiaries, joint venture and associates. For the year ended 31 December 2021，The“energy”segment had a total of 49 petrol stations and gas stations in operation.
The Company is formerly known as Chengdu Chengguan Expressway Co., Ltd., which was founded in August 25, 1998. In 2016, Chengdu Communications Investment Group Co., Ltd. carried out the shareholding reform, integrated its four subsidiaries (Chengguan Expressway Company, Chengpeng Expressway Company, Chengwenqiong Expressway Company,Chengdu Airport Expressway Company and Chengbei Exit Expressway) with Chengguan Expressway Company as the main body and changed to the new name as Chengdu Expressway Co., Ltd., with a registered capital of RMB1.2 billion.
The Company set up the General Meeting ,the Board of Directors, Board of Supervisors and management team according to the modern enterprise system requirement. Moreover, the Company also established nine business units, including Office of the Board, General Office, Party and Masses Human Resources Department, Investment & Development Department, Financial Department, Audit and Supervision Department, Contract Management Department, Operational Management Department, Safety Engineering department.
In recent years, the expressways operated and managed by the Company and the service teams have secured remarkable performance in security and quality service. The Company, some of its subsidiaries and service teams obtained the honorary titles such as Enterprise of Integrity in Sichuan and Chengdu Headquarters Enterprise, as well as the safety production standardisation construction certification of transportation enterprises (Grade II) and honors such as the Expressway with Good Service, Environment, Security, Maintenance and Operation of Sichuan Province (四川省“五好”高速公路) and the Most Beautiful Chinese Road Collector Team(最美中国路姐团队).