Chengdu Expressway Co., Ltd. (hereinafter referred to as the “Company”) is principally engaged in the operation, management and development of expressways (including service areas thereunder) located in and around Chengdu, Sichuan Province and retailing of refined oil. Meanwhile, the Company also expands to operation of natural gas. 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. As of 31 December 2024, the Company owned 5 expressways, i.e., Chengguan Expressway, Chengpeng Expressway, Chengwenqiong Expressway, Qiongming Expressway and Chengdu Airport Expressway, covering a total network mileage of 192.02 kilometres. Centred around Chengdu and stretching to the southwest, northwest, west and north, the above expressways are part of the roads surrounding Chengdu and play a key role in connecting the internal roads of Chengdu as well as the national and provincial highways into and out of Sichuan Province. In addition, the Company undertook the operation and management business of Chengdu Tianfu International Airport Expressway, Pujiang-Dujiangyan Section of Chengdu Economic Zone Ring Expressway, and Cangba Expressway. By then, the total mileage (inclusive of the sections under entrusted management) of expressways operated by the Company reached 474.77 kilometres.
The “energy” segment was consolidated into the Company on 12 August 2020, where Energy Development Company acts as the investor to conduct operation of refined oil and natural gas through its subsidiaries, joint ventures and associates. As of 31 December 2024, 27 petrol stations and 1 gas station of the Company were in operation, 3 gas stations of the Company were in construction (including the stations which have completed construction and are yet to commence operation), and 3 petrol stations, i.e. Xinhua Petrol Station and Huamin Petrol Station (including Chengluo Petrol Station thereunder) were under entrusted operation and management. All of such petrol stations and gas stations are located in and around Chengdu, Sichuan Province.
In recent years, the expressways (including service teams), service areas and petrol stations operated and managed by the Company have secured remarkable performance in security and quality service.
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, the Office of Discipline Inspection Commission,Party and Masses Human Resources Department, Investment & Development Department, Financial Department, the Audit and Compliance Department ( Accountability Office), Contract Management Department, Operational Management Department, Safety Engineering Department.
The Company was listed on the Main Board of the Hong Kong Stock Exchange on 15 January 2019, issuing 456,102,000 H-shares in its initial public offering. As of 31 December 2024, the Company issued an aggregate of 1,656,102,000 shares.