YTIL 20th Anniversary Workers’ Art Show & Strategic Cooperation Contract-signing Ceremony held successfully
2017 will see the 20th anniversary of YTIL’s IPO. At the 20th Anniversary Workers’ Art Show & Strategic Cooperation Contract-signing Ceremony held at Zhujiang Hotel in Guangzhou on January 9, guests from provincial and municipal authorities, partners, Yuexiu Group and affiliated companies gathered beside the Pearl River to witness the past 20 years of development of YTIL since its IPO together.
The past two decades saw YTIL’s constant efforts and brilliant achievements, which were much attributed to Yuexiu Group’s scientific guidance and great support. Mr. Zhang Zhaoxing, Secretary of the CPC Committee and Chairman of Yuexiu Group, sent a video message, “Growth with quality is what Yuexiu Group focuses on during the 13th Five-year Plan period.” As the “stabilizer” of the Group, YTIL should explore new profit growth point actively while further developing its main business lines, and realize leapfrog development in effectiveness and scale while increasing net return on assets.
In 1996, Yuexiu Group’s spin-off and reorganization revitalized YTIL. In 1997, YTIL’s first red chip was listed in Hong Kong. Afterwards, YTIL met with the national golden age of M&A of expressway projects, and continuously achieved breakthrough in business performance by gaining a strong foothold in the national expressway investment market successfully. Mr. Zhu Chunxiu, Vice Chairman and General Manager of Yuexiu Group, and Chairman of YTIL, said in his address that YTIL had realized leapfrog development in asset size and quality, and generated both economic and social benefits based on the hard work of several generations and entrepreneurial spirit in the past 20 years. Mr. Zhu attributed this to “persistence in three ways” on the spot. First, YTIL stuck to the integrated development pattern of “investment, financing and control”. YTIL pooled resources to strengthen the main business line of expressway, and explored a development path of “low-cost financing, specialized M&A + lean control” by giving play to the advantages of the Hong Kong listing platform, supporting its business expansion effectively and realizing nationwide business layout. Second, YTIL stuck to its main business lines and kept optimizing its portfolio, thereby bringing more return to the shareholders. In the past two decades, YTIL acquired 14 projects (North Second Ring Road Expressway, etc.) and withdrew from 6 projects (four ordinary highways, Xiangjiang River Second Bridge and Wuzhou Wharf) successively. Third, YTIL stuck to institutional reform and innovation to arouse its endogenous momentum. In view of its own actual situation, YTIL established and optimized the management system of “standardized operations of project companies under the control of the strong headquarters” to keep improving management performance, and attracted management professionals in adaptation to the market trend for business revitalization. Mr. Zhu eagerly expects YTIL to keep strengthening the main business line of turnpike and pursue diversification appropriately based on asset management and strategic alignment toward the strategic goal of total assets of over RMB33 billion and an operating revenue of over RMB3,300 million during the 13th Five-year Plan period!
The past two decades promised future innovation. This art show, themed “20 Years of Constant Pursuit and New Innovation-driven Blueprint”, gathered outstanding performers from the YTIL head office, holding companies and affiliated companies. The show represented remarkable achievements in different development periods of YTIL vividly in a variety of forms, such as audio, light and electricity, and communicated the corporate cultural philosophy of “always striving to excel” and the core value of “faith, credit, trust and confidence, and displayed the corporate style of ‘being sunny, passionate, simple and inclusive’ ”. Mr. Liu Yongjie, Deputy General Manager of Yuexiu Group and Vice Chairman of YTIL, expressed his earnest expectation in a video, “Since the IPO, the YTIL people have found a successful market-based development path of ‘domestic acquisition + low-cost financing + lean management’ through hard work, and created unique competitive edges. I expect the YTIL people to stick to the excellence-pursuing spirit and the innovation-driven development path in optimizing and upgrading the differentiated business model, consolidating and strengthening its core competence, thereby supporting further business development and creating new successes.”
The past two decades saw extensive cooperation. From the “four highways and one bridge” at the beginning to today’s nationwide coverage with a total owned length of over 350 kilometers, YTIL has realized leapfrog development steadily, with its total assets and total profit growing year by year. Its steady yet rapid development and passionate yet inclusive style have won many strategic partners for YTIL. At the contract-signing ceremony, Mr. He Baiqing, Vice Chairman and General Manager of YTIL entered into strategic agreements with Taikang Asset Management Co., Ltd. and Zhejiang Communications Construction Group Co., Ltd. on behalf of YTIL respectively. Such cooperation will help YTIL establish an integrated system of “investment, financing, construction and management”, and create a new pattern of industry development. Mr. He proposed YTIL’s future development direction and goal on the spot – Beginning with stronger investment, financing, project implementation and capital operation capabilities, YTIL will establish unique advantages and operating patterns based on integrated production and financing, further promote the preservation and appreciation of its existing assets, establish a capital management pattern and an asset incubator, and endeavor to become a leader in the transport infrastructure industry by improving its scale, management and efficiency!
The past successes lay a foundation for a bright future! Thank you for your accompany on the long journey. Let’s embrace our dreams together! With the successful closing of the 20th Anniversary Workers’ Art Show & Strategic Cooperation Contract-signing Ceremony, YTIL is receiving the next two decades and further successes with greater confidence from a new starting point!
