On March 29, Fujian Expressway Development Co.Ltd(600033) released the annual report of 2021, and the company achieved an operating revenue of 2.977 billion yuan, an increase of 28.00% year-on-year; The net profit attributable to the shareholders of the listed company was 829 million yuan, a year-on-year increase of 83.37%.
Fujian Expressway Development Co.Ltd(600033) its main business is expressway investment, construction, charging and operation management. The company’s business model is to obtain operating income by investing in the construction of Expressway and collecting vehicle tolls. The sections operated and managed by the company are quanxia Expressway (Toll mileage 82 km), Fuquan Expressway (Toll mileage 167 km) and Luoning Expressway (Toll mileage 33 km), with a total operating mileage of 282 km.
Fujian Expressway Development Co.Ltd(600033) said that it is preliminarily estimated that in 2022, the company’s operating revenue will be about 3.134 billion yuan, the cost will be about 1.605 billion yuan, and the net profit attributable to the owner of the parent company will be about 906 million yuan.
