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Moomoo > Quotes > 00576 ZHEJIANGEXPRESS > Company Profile
00576 ZHEJIANGEXPRESS
7.240
-0.020-0.28%
Symbol
00576
Company Name
ZHEJIANGEXPRESS
ISIN
CNE1000004S4
Listing Date
05/15/1997
Establishment Date
03/01/1997
Registration
China
Chairman
Zhihong Yu
Secretary
Hui Zheng
Audit Institution
Deloitte-Guan Huang Chen Fang accountants
Company Category
Mainland registration of Mainland State-owned Assets control
Registered Office
5 / F, Building 2, Pearl International Business Center, 199 Wuxing Road, Hangzhou City, Zhejiang Province, China
Head Office and Principal Place of Business
Room 1710B, office building, convention plaza, 1 harbour road, Wanchai, Hong Kong
Fiscal Year Ends
12-31
Employees
8957
Market
Hong Kong motherboard
Phone
86-571-8798 5588;852-2537 4295
Fax
86-571-8798 5599;852-2537 4293
Email
ir@zjec.com.cn
Business
Zhejiang Shanghai-Hangzhou-Ningbo Expressway Co., Ltd. is an investment holding company mainly engaged in the operation and management of expressways. The company and its subsidiaries operate through three major divisions. The toll department is engaged in the operation and management of highways, as well as collecting highway tolls. The securities department provides securities brokerage, margin financing, securities lending, securities underwriting, asset management, consulting services and securities trading. Other business departments are engaged in real estate development, hotel management and other business.
Profile
Zhejiang Shanghai-Hangzhou-Ningbo is a listed company mainly engaged in high-grade highway investment, development, operation and securities business. The Company was established on March 1st, 1997 as an infrastructure company invested, developed and operated by Zhejiang Provincial Government to invest, develop and operate expressways and first-class automobile special highways in Zhejiang Province, while its holding subsidiary Zheshang Securities is mainly engaged in securities business. the subsidiary was listed on the Shanghai Stock Exchange (Shanghai Stock Exchange Code: 601878) in June 2017. The Group's main assets include 248 km of Shanghai-Hangzhou-Ningbo Expressway, 141 km of Shangshan Expressway, 70 km of Jinhua Section of Yong-Jin Expressway, 122 km of Hangzhou-Huizhou Expressway, 82 km of Huizhou-Hangzhou Expressway, 93 km of Shenjia-Hu-Hangzhou Expressway, 46 km of Zhoushan Cross-Sea Bridge, 222 km of long Lilong Expressway and 50 km of Zhajiasu Expressway. Among them, except Huihang Expressway is located in Anhui Province of China, the other eight expressways are located in Zhejiang Province of China. As at 31 December 2021, the total assets of the Company and its subsidiaries were RMB176,296.68 million. The controlling shareholder of the company, Transportation Group, is a provincial state-owned transportation company established by the Zhejiang Provincial Government, which was registered and established on December 29, 2001. It is mainly engaged in highway investment, operation, maintenance, toll collection and supporting services, traffic engineering construction and construction, ocean and coastal transportation and real estate and other diversified industries. On July 11, 2016, the Zhejiang Provincial Party Committee and the Zhejiang Provincial Government jointly reorganized the Transportation Group and Zhejiang Railway Investment Group Co., Ltd. In July 2018, the Zhejiang Provincial Party Committee and Zhejiang Provincial Government jointly reorganized the Provincial Transportation Group and Zhejiang Commercial Group Co., Ltd. After the restructuring, the Transportation Group will take overall responsibility for the investment, financing, construction, operation and management of transport infrastructure such as highways, railways, important trans-regional rail transit and integrated transportation hubs in Zhejiang Province. H shares, which account for approximately 33% of the total issued share capital of the Company, were listed on the Hong Kong Stock Exchange on May 15, 1997 and subsequently on the London Stock Exchange on May 5, 2000. On the basis of the existing highway business of the Group, expand the scale of the main business, enhance the core competitiveness, optimize the securities and financial business, and increase its contribution to the profitability of the Group. In the future, the company will actively seize the opportunity of investment and acquisition of high-quality projects, determined to build the company into an international investment holding enterprise with transportation infrastructure investment and operation as its main business.
Company Overview
Zhejiang Shanghai-Hangzhou-Ningbo Expressway Co., Ltd. is an investment holding company mainly engaged in the operation and management of expressways. The company and its subsidiaries operate through three major divisions. The toll department is engaged in the operation and management of highways, as well as collecting highway tolls. The securities department provides securities brokerage, margin financing, securities lending, securities underwriting, asset management, consulting services and securities trading. Other business departments are engaged in real estate development, hotel management and other business.
CEO: Zhihong Yu
Market: Hong Kong motherboard
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