Yuexiu Transport Infrastructure Limited Releases Key Operating Data for June 2026
Yuexiu Transport Infrastructure Limited (Stock Code: 01052) has published its unaudited operating statistics for June 2026, providing investors and shareholders with a comprehensive overview of toll traffic volumes and toll revenues across its expressway portfolio. This update covers both wholly-owned subsidiaries as well as associates and joint ventures.
Key Points from the Report
- Mixed Performance Across Expressway Projects: The company’s portfolio saw notable variations in both toll traffic volume and revenue, with some expressways registering significant month-on-month (MOM) growth while others experienced year-on-year (YOY) declines.
- Significant Changes in Traffic and Revenue:
- GNSR Expressway: Average daily toll traffic volume increased 17.1% MOM but decreased 5.9% YOY. Toll revenue for June fell by 6.2% YOY, and year-to-date (YTD) cumulative revenue dropped by 8.7%.
- Suiyuenan Expressway: Traffic volume up 15.2% MOM but down 12.7% YOY. Toll revenue for June decreased sharply by 6.8% MOM and 28.8% YOY. YTD cumulative revenue was down 18.1%.
- Han’e Expressway: Traffic volume rose 4.9% MOM but plummeted 42.0% YOY, with June revenue down 4.6% MOM and a significant 58.1% YOY. YTD cumulative revenue declined 34.7%.
- Qinbin Expressway: Notably, June traffic surged 20.8% MOM but fell 51.2% YOY. Revenue jumped 22.0% MOM yet dropped 54.7% YOY. YTD cumulative revenue was down 35.5%. Note: The YOY comparison is affected by the acquisition of Qinbin Expressway on 14 February 2026; prior-year figures were external.
- Other Expressways (e.g., Weixu, Lanwei, Pinglin, Hancai): Showed mixed results, with some achieving positive MOM and YOY growth in toll revenue and traffic, while others recorded declines.
- Associates and Joint Ventures:
- Han-Xiao Expressway: Traffic up 26.4% MOM and 4.6% YOY. Revenue increased 16.1% MOM and 6.3% YOY.
- Humen Bridge and GWSR Expressway: Both experienced healthy MOM increases in traffic but YOY declines in both traffic and revenue.
- Qinglian Expressway: Strong performance with traffic up 29.7% MOM and a 4.7% YOY increase in YTD cumulative revenue.
Important Considerations for Shareholders
- Potential Price-Sensitive Information:
- Several expressways, including Suiyuenan and Han’e, showed marked declines in both traffic and revenue on a YOY basis. Prolonged negative trends could impact the company’s overall financial performance and share value.
- The acquisition of Qinbin Expressway in February 2026 materially changed the group’s portfolio, making direct YOY comparisons less meaningful for this asset. Shareholders should be aware of this when analyzing growth trends.
- Recoveries and positive MOM growth in some expressways (e.g., Han-Xiao, Weixu, Qinglian) could offset declines elsewhere, but overall results are mixed and suggest ongoing operational headwinds.
- Data Caution: The company warns that all statistics are unaudited and based on internal records. Monthly figures may differ from final data in official financial reports due to adjustments, estimation methods, and inter-network toll collection discrepancies. Investors should interpret the numbers as preliminary and subject to change.
Management Statement and Board Composition
The announcement, signed by Company Secretary Yu Tat Fung, reiterates the preliminary nature of the data and advises caution in its use for investment decisions. The Board of Directors includes Chairman LIU Yan and other executive and independent non-executive directors, ensuring diverse oversight during this period of fluctuating operating performance.
Conclusion
While some expressways within Yuexiu Transport Infrastructure’s portfolio demonstrated robust monthly recoveries, others faced substantial year-on-year declines that could weigh on the company’s earnings outlook. The mixed results, coupled with the caution on data reliability, present a complex picture for investors. Shareholders are advised to monitor upcoming audited financial releases for a clearer view of the company’s operational trajectory and potential impact on share value.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. The data presented is unaudited and preliminary. Investors should refer to official financial statements for accurate and finalized information before making investment decisions.
越秀交通基建有限公司2026年6月未經審核營運資料公布
越秀交通基建有限公司（股份代號：01052）今日公布2026年6月未經審核的營運數據，讓投資者及股東了解公司各條高速公路的車流量及收費收入表現。該報告涵蓋全資附屬公司及聯營／合營項目。
報告重點
- 各高速公路表現參差： 集團旗下多條高速公路在車流量及收費收入上出現明顯波動，部分按月有顯著升幅，亦有按年顯著下降。
- 車流及收入變動顯著：
- 廣南沙高速： 日均車流量按月增長17.1%，但按年下跌5.9%；6月收費收入按年下跌6.2%，年初至今累計收入下跌8.7%。
- 隨岳南高速： 車流量按月升15.2%，但按年跌12.7%；6月收費收入按月跌6.8%，按年跌28.8%；年初至今累計收入跌18.1%。
- 漢鄂高速： 車流量按月升4.9%，但按年大跌42.0%；6月收入按月跌4.6%，按年大跌58.1%；年初至今收入跌34.7%。
- 琴濱高速： 6月車流量按月升20.8%，但按年跌51.2%；收費收入按月升22.0%，但按年跌54.7%；年初至今收入跌35.5%。注意：去年同期受2026年2月收購影響，數據僅供參考。
- 其他高速（如潍徐、蘭渭、平臨、漢蔡）： 表現有升有跌，部分錄得按月及按年增長，部分則出現下滑。
- 聯營及合營項目：
- 漢孝高速： 車流量按月升26.4%，按年升4.6%；收入按月升16.1%，按年升6.3%。
- 虎門大橋、廣梧高速： 車流量按月增長，但按年則錄得下降，收入亦有下跌。
- 清連高速： 表現強勁，車流量按月升29.7%，年初至今收入按年升4.7%。
股東需注意的重要事項
- 潛在股價敏感信息：
- 隨岳南、漢鄂等多條高速公路按年車流及收入大幅下跌，若持續將影響整體財務表現及股價。
- 2026年2月收購琴濱高速，令組合有所變動，該路段按年比較有偏差，投資者需注意。
- 部分高速（漢孝、潍徐、清連）按月表現改善，有助抵銷其他高速的跌幅，但整體業績仍存壓力。
- 數據須審慎解讀： 戶公司提醒所有統計數據為內部未經審核，最終財報數據可能有所調整，月度數據僅供階段參考，投資者不宜過度依賴。
管理層聲明及董事會成員
公司秘書余達峰重申數據為初步統計，呼籲投資者審慎參考。董事會由劉燕主席及多位執行董事和獨立非執行董事組成，確保公司在波動時期有多元監管。
總結
越秀交通基建旗下部分高速公路營運按月回升，但按年跌幅明顯，或對公司盈利前景帶來壓力。管理層亦強調數據暫未經審核，投資者應關注日後的正式財報，以評估對公司及股價的實質影響。
免責聲明： 本文僅供資訊參考，並不構成任何投資建議。所有數據為初步統計，投資者作出決定前，請以公司正式財報為準。
