Dongguan Development (Holdings) Co., Ltd.
东莞控股
000828
Shenzhen Stock Exchange
Company Profile
Okay, here is the English translation combined into a single paragraph: (I) Core Road Asset Advantages Form the Development Foundation The company holds the concession rights for the Guanshen Expressway, a critical artery within the Guangdong-Hong Kong-Macao Greater Bay Area's transportation network, forming a key section of the Pearl River Delta Ring Expressway and a golden corridor connecting Guangzhou and Shenzhen. Leveraging Dongguan's elevated status as a 'double-ten-thousand' city (trillion-RMB GDP, ten-million population) and the development opportunities within the Greater Bay Area, the company is advancing the Guanshen Expressway expansion and upgrading project. This initiative aims to extend the operational life cycle of the road asset by enhancing its traffic capacity and facility standards. With ongoing regional industrial upgrading and population growth, significant potential for future traffic volume increases is anticipated, which will continuously solidify the competitive advantage of this core asset. (II) Leveraging the Substantial Resource Advantages of the Controlling Shareholder The company's controlling shareholder, Dongguan Transport Holding Group (Dongguan Jiaokong), is a large, comprehensive state-owned enterprise group under the Dongguan municipal government, consistently maintaining an AAA credit rating. Dongguan Transport Holding Group has deep expertise in the transportation sector, having established a business structure centered on the investment and operation of transportation infrastructure. The company benefits from robust support for its business expansion and sustainable development, underpinned by the controlling shareholder's substantial advantages in capital, resources, and technology.
Full description
The year 2025 marked the conclusion of Dongguan Holding’s 14th Five-Year strategic plan and the reform of the "Double Hundred Enterprises" initiative. The company proactively aligned itself with Dongguan’s broader goal of "boosting the economy, strengthening industries, and shouldering major responsibilities." It maintained a dual focus on "stabilizing operations" and "pursuing transformation." In its expressway business, efforts centered on ensuring smooth traffic flow and promoting construction; in financial investment, the emphasis was on improving efficiency and controlling risks; and in the new energy business, the focus was on reducing costs and increasing profitability. In 2025, the company’s credit rating was upgraded to AAA for the first time, its ESG rating remained at A, and it successfully obtained ISO 37301 compliance management system certification. These achievements reflect the company’s commitment to high-quality development. Adhering to the principle of sharing development outcomes with shareholders, and based on its sustained and stable operations, the company officially released the "2025–2027 Shareholder Dividend Return Plan," firmly implementing a high cash dividend policy to provide stable and sustainable returns to investors. During the reporting period, the company achieved operating income of RMB 1.552 billion, a year-on-year decrease of 8.28%, primarily due to its focus on core businesses and prudent control of quasi-financial operations. Net profit attributable to shareholders of the listed company was RMB 824 million, down 13.79% year-on-year, mainly because Hongtong Factoring, in line with current market conditions and asset quality, made appropriate provisions for impairment on factoring projects in accordance with accounting standards. Earnings per share reached RMB 0.7922, consistently ranking among the top in the industry in recent years. Of the total operating income, expressway toll revenue amounted to RMB 1.29 billion, accounting for 83.13%; financing lease and commercial factoring revenue reached RMB 151 million, representing 9.72%; and new energy vehicle charging revenue totaled RMB 87 million, making up 5.59%.