Shandong high-speed net profit increased by more than 20% to 534 million

Shandong high-speed (600350) "Highway + Real Estate" mode of operation is gradually forming.　　Semi-annual reports show that the first half of the company's highway business to achieve a stable growth in the real estate business development efforts are further increased.　　During the reporting period, the company realized operating income of 1.81 billion yuan, increased by 5.05% per cent, the net profit attributable to the shareholders of the listed companies is 534 million yuan, the year-on-year increase of 21.1%; Road toll business has achieved a recovery rebound. During the same period last year, the toll of road and bridge fares declined somewhat due to the impact of vehicle diversion and financial crisis. Since the second half of last year, road and bridge charges have gradually resumed growth. In the first half of this year, as the traffic volume continued to rebound, the toll income of each section increased. Among them, Jinan-Qingdao High income growth of 6.47% year-on-year, the Yellow River bridge income growth of 27.4% year-on-year. At the end of 2008, the opening of the Jinan-Laiwu expressway, income continued to maintain a rapid growth trend, the year-on-year growth of 22.89%. The company acquired the road production of Beijing-Fuzhou high speed and the northern section of Henan Xu Yu high-speed also performance, income year-on-year growth of 30.26% and 18.05%.　　In particular, last year closed maintenance income less than the Yellow River bridge in Jinan, the first half of this year also contributed income of 20.21 million yuan, compared with the same period last year 86.3%. While maintaining the stable growth of the business, Shandong Expressway Business will continue to be bigger and stronger. Prior to that, the company has issued a major asset restructuring plan, through the targeted additional acquisition of the holding shareholder Shandong high-speed group 290 kilometers road production, after the completion of the acquisition, Shandong high-speed will become the first large listed companies on the highway plate.　　Currently, the company is conducting audits, asset evaluations and earnings forecasts related to the transaction. In addition to the acquisition of road production to form a ladder-type profit model, Shandong high-speed with a wholly-owned subsidiary of Shandong High-speed Investment Development Co., Ltd. as the carrier, and gradually increased the real estate business pioneering efforts. Recently, the company announced to invest in more than 1 billion yuan to participate in Shandong Province, a number of real estate projects investment. is intended to make full use of investment company this good external investment platform, through cooperation with the Greentown development model, a high starting point to quickly enter the high-end real estate market.