SHANDONG HI-SPEED ROAD&BRIDGE GROUP CO., LTD.

Company Profile

during the reporting period, 9 provincial and ministerial-level science and technology awards were obtained (a total of 266), and a total of 121 standards were formulated and revised (16 national standards), with 312 provincial and ministerial-level construction methods and 2,962 authorized patents (597 invention patents). (2) Equipment Advantages The company has significant advantages in high-end equipment manufacturing, digital management, technological innovation, and equipment export. As of the end of the reporting period, there were 4,688 pieces of equipment worth over 200,000 yuan, with an original value of 3.977 billion yuan, and 366 pieces of equipment worth over 2 million yuan, with an original value of 1.611 billion yuan. The momentum of high-end equipment manufacturing has been strengthened: an equipment subsidiary was established, and the electrification transformation of power systems reduced energy costs by 43% to 60%. The self-developed high-speed sweeper has a speed of 60 km/h and a cleaning rate of over 97%. Digital management has achieved remarkable results: over 4,260 monitoring terminals were deployed, and the "Cloud Equipment" platform facilitated 8,869 pieces of equipment leasing and 999 million yuan in transactions during the reporting period, with a cost-saving rate of 6.67%. Key technologies have made breakthroughs: the self-developed crawler-type jacking equipment has increased efficiency by more than 50%, with a synchronization error of no more than 0.5 millimeters. Mixing and maintenance equipment has been optimized: the 3.0 asphalt pavement in-situ thermal recycling unit was put into use in the Shanxi project. Equipment export has achieved dual improvements: by adopting the CKD model, the import tariff was reduced from 30% to 7%. During the reporting period, 70 pieces of equipment were shipped to Morocco and other countries, achieving a win-win situation of cost reduction and technology export. (3) Talent Advantage The company has significant advantages in precise talent recruitment, team building, and full-cycle training. Talent recruitment and integration with industry-university-research cooperation: Deepen cooperation with universities such as Beijing Jiaotong University and Chang'an University, jointly build employment internship and industry-university-research bases, and promote multi-chain connection through customized training. The talent team continues to grow: As of the end of the reporting period, the company has 1,738 first-class construction engineers, 318 registered cost engineers, 802 testing and inspection engineers, and 6,469 personnel with intermediate and senior professional titles. It has independently cultivated 2 leading talents in the management of the Taishan industry, 1 chief technician of Qilu, and has fully recruited 1 expert with special government allowance from the State Council and flexibly recruited 1 academician of the Chinese Academy of Engineering. There are 9 leading talents and 20 senior talents in total. A complete training system: Implement a three-year, three-stage training model for new employees, namely "integration - fusion - promotion", promote a comprehensive evaluation system of "job presentation and defense + knowledge assessment + practical ability operation", upgrade the training framework of "management + skills, online + offline", deepen the "mentor-apprentice" on-the-job training, and forge a professional talent team. (4) Management Advantages The company adheres to the "dual-core leadership" strategy, building a pattern of "rooted in Shandong, radiating across the country, and expanding overseas". During the reporting period, the company won bids worth 104.041 billion yuan. The market layout is complete: it consolidates its leading position in Shandong and expands into key regions such as Henan, Jiangsu, Zhejiang, Hubei, and Xinjiang, forming a nationwide layout. "Entering cities and going global" dual breakthroughs: The proportion of urban business is 51.91%, providing core support for stable growth; overseas business covers 44 countries, with bid-winning amounts reaching 16.793 billion yuan during the reporting period, an increase of 83.93% year-on-year, setting a new historical high. Business structure optimization: Road and bridge business won bids worth 32.401 billion yuan, maintaining a stable role as the mainstay; new energy construction business won bids worth 9.947 billion yuan, an increase of 188% year-on-year, covering 16 business areas and building a multi-polar support system. The company's construction management level continues to improve. Full-cycle project management advantage: Relying on 765 ongoing projects, it has established a full-cycle planning and management system, achieving comprehensive and coordinated control through the "Project Operation Plan". Full-chain cost control advantage: Promoting the "two 1% projects", conducting responsibility cost reviews for highway projects over 5 billion yuan, establishing a "one project, one list" monitoring mechanism, and controlling cost deviations and accounts receivable on a monthly basis; the smart supply chain system covers all elements, reducing material waste and enhancing control efficiency. Green and digital construction empowerment: The Taixin zero-carbon station has generated 130,000 kilowatt-hours of electricity and reduced 95 tons of carbon emissions; the Lubei smart beam yard has improved industrialization levels, and the "dark factory" has increased the efficiency of steel bar production by 2-3 times, achieving dual benefits of green and intelligent. The company's financial management is economically efficient. High credit rating: Maintaining an AAA subject credit rating, with unobstructed financing channels and strong bargaining power. Efficient financing coordination: Improving the treasury management system, with a comprehensive financing cost of 3.80%, which is at the lowest level in the industry. Steady risk control: Promoting full-chain cost reduction and efficiency improvement, intensifying efforts to reduce "two funds" and activate assets, achieving full-process visibility and controllability of capital risks. (V) Qualification Advantages The company is a "triple-specialty and triple-class" enterprise in highway engineering and municipal engineering construction and design, possessing comprehensive qualifications covering construction, design, surveying, supervision, and maintenance. It is also qualified as a general contractor for complete sets of foreign aid projects. During the reporting period, the qualification for foreign aid was renewed, four qualifications of its subsidiaries were upgraded, and the number of qualifications for multiple business lines increased, highlighting its outstanding project undertaking capabilities. (6) Brand Advantage The "Shandong Road & Bridge" brand enjoys high recognition and its business covers over 30 provinces and cities in China as well as dozens of countries. It has been honored with titles such as National Civilized Unit and ENR's Top 250 Global Contractors. During the reporting period, it received multiple awards including National Model Enterprise for Safety Culture Construction. As of the end of the period, it has won a total of 6 National Quality Engineering Gold Awards, 10 Luban Awards, 28 Quality Engineering Awards for Road and Transportation, and 5 Zhan Tianyou Awards, demonstrating outstanding industry reputation and social influence.