Mission Statement, Vision, & Core Values (2026) of China Merchants Expressway Network & Technology Holdings Co.,Ltd.

China Merchants Expressway Network & Technology Holdings Co., Ltd., a key subsidiary of China Merchants Group, stands at the crossroads of infrastructure scale and smart transformation, operating an expansive network across 21 provinces with a total mileage of 10,963 kilometers-including 1,799 kilometers under direct management-and leveraging state-backed partnerships to secure priority access to new projects; in 2024 the company recorded revenue of 12.71 billion yuan, up 30.62% year-over-year from expanded toll operations and project activity even as net income eased to 5.32 billion yuan, while its mission to deliver end-to-end highway, bridge, port and waterway investment and operations is matched by a vision to be a domestic and international infrastructure leader that delivers efficient, people-centered services, and core values-integrity, customer centricity, innovation, sustainability, and teamwork-drive investments in smart traffic management, digital tolling and green technologies to boost operational efficiency and align with national digital and environmental goals.

China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) - Intro

• Network footprint: 10,963 km total mileage across 21 provinces, autonomous regions and municipalities; 1,799 km under direct management.
• Strategic ownership: Part of China Merchants Group, enabling public-private cooperation and access to large-scale projects.
• Operational focus: Toll collection, maintenance, concession management, and value-added services for roadside assets.

• Deliver safe, efficient, and sustainable expressway and related infrastructure services that support regional economic development and connectivity.
• Maximize long-term value for stakeholders through disciplined concession management and cost-effective operations.

• To become China's benchmark integrated expressway operator and a leader in smart, green transport infrastructure.
• To expand digital and low-carbon solutions across the network, improving mobility and asset longevity.

• Safety-first: Prioritizing road safety and asset integrity across operations and maintenance.
• Customer orientation: Enhancing user experience through reliable tolling, services, and roadside amenities.
• Innovation: Investing in smart traffic management, digital tolling, ITS (intelligent transport systems) and data-driven operations.
• Sustainability: Pursuing green construction, energy efficiency and reduced emissions across asset lifecycles.
• Integrity & partnership: Maintaining transparent governance and strong government and community relationships.

• Technology: Deployment of smart traffic management systems, ETC expansion, cloud-based operations platforms and predictive maintenance tools to reduce congestion and improve uptime.
• Green infrastructure: Retrofitting lighting, equipment electrification and adopting low-carbon materials in maintenance projects to meet national carbon-peaking goals.
• Concession pipeline: Leveraging affiliation with China Merchants Group for selective, high-quality concession acquisitions while balancing capital allocation and profitability.

• Revenue growth in 2024 (+30.62%) driven by traffic recovery, tariff adjustments on select concessions and expanded toll operations.
• Net income compression (-21.35% in 2024) reflecting elevated investment and finance costs associated with network expansion and technology deployment.
• Capital allocation: balancing concession investment, maintenance CAPEX and digital transformation spending to stabilize margins over the medium term.

China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) - Overview

• Invest in, develop, construct and manage transport infrastructure including highways, bridges, docks, ports and waterways to support regional and national economic development.
• Deliver end‑to‑end expressway investment and operation services spanning survey, design, construction, investment, operation, maintenance and customer service.
• Integrate transportation technology and smart mobility solutions to continuously improve efficiency, safety and user experience across the asset lifecycle.
• Align infrastructure development with national strategic goals for connectivity, green transportation and digital transformation in the transport sector.

• Be a leading integrated operator of toll roads and multimodal transport assets in China, recognized for technological leadership in smart transport and asset operation.
• Create a resilient, low‑carbon transport network that leverages data, automation and intelligent traffic systems to reduce congestion, accidents and emissions.
• Expand value across the infrastructure life cycle by combining traditional concession economics with new service revenue streams (e.g., mobility services, roadside digital platforms).

• Safety-first: prioritize traveler and worker safety across design, construction and operation.
• Innovation: adopt smart transport technologies, ITS, big data and IoT to optimize operations and user services.
• Quality & sustainability: deliver durable, environmentally responsible infrastructure and lifecycle maintenance.
• Integrity & compliance: transparent governance, fiscal discipline and alignment with regulatory frameworks.
• Customer-centricity: continuous improvement of tolling, service plazas, incident response and digital interfaces for users.

• Modernize tolling and ITS: accelerate full ETC penetration and integrate dynamic traffic management to reduce congestion and operating cost.
• Asset lifecycle integration: leverage in‑house capabilities across survey, design, construction and O&M to improve margins and asset resilience.
• Diversify revenue: develop service‑area commercial platforms, logistics hubs, and digital mobility services to complement toll income.
• Green transition: implement pavement and materials innovations, energy‑efficient service plazas, and EV charging infrastructure along major corridors.
• Strengthen partnerships: pursue joint ventures with provincial governments and strategic investors to secure new concessions and scale technology rollouts.

China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) - Mission Statement

• Becoming a recognized leader in infrastructure investment and operation domestically and internationally, with a focus on scalable toll-road assets, integrated transport corridors, and smart mobility platforms.
• Delivering people-centered services that improve accessibility, safety, and quality of life for communities served by its networks.
• Embracing innovation and operational excellence to pursue high-quality, sustainable development in infrastructure.
• Aligning growth with global sustainability standards and best practices in environmental, social, and governance (ESG) performance.

• Asset optimization: maximize long-term cash flow and value through active portfolio management and selective new investments.
• Technology integration: deploy digital tolling, traffic management, predictive maintenance, and data analytics to improve efficiency and user experience.
• Sustainability: reduce emissions, enhance resilience, and integrate green construction and operation standards across projects.
• Customer-centric operations: prioritize safety, convenience, and affordability to meet community needs and promote inclusive growth.

• Improve average network availability and reduce incident response time by specified annual targets through technology and process upgrades.
• Target year-on-year improvement in revenue per kilometer of managed road through value-added services and traffic optimization.
• Commit to quantified ESG targets (energy consumption per km, emission reductions, safety-incident frequency) aligned with international frameworks.
• Expand selective international or cross-regional investments to diversify cash flows while maintaining conservative leverage.

China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) - Vision Statement

• Integrity - Upholding honesty, transparency and compliance across 100% of toll and concession contracts and procurement processes.
• Customer Centricity - Prioritizing user experience: mobile toll payment rollout and real‑time traffic services targeting 8+ million registered app users and a 55% digital payment penetration rate.
• Innovation - Investing in smart tolling, ITS and cloud platforms; R&D budget representing ~2.0% of annual revenue to accelerate digital transformation.
• Sustainability - Committing to lower carbon intensity: aiming for a 25% reduction in scope 1-2 emissions intensity by 2030 vs. 2022 baseline, and rolling out EV charging and green construction projects along corridors.
• Teamwork - Promoting cross‑departmental programs that have driven a project completion rate above 92% for major infrastructure and IT initiatives.

Core values guide capital allocation, project selection and operational KPIs across toll roads, ancillary services and technology businesses.

Operational and strategic measures driven by the values:

• Integrity: annual third‑party audits and full disclosure of concession performance and environmental metrics.
• Customer Centricity: phased rollouts of one‑click toll payments, personalised traffic alerts and real‑time congestion maps to reduce average commuter delay by targeted 12-15% on pilot corridors.
• Innovation: deployment of 100+ smart gantries, ANPR upgrades and cloud‑native toll backends to increase transaction throughput and reduce per‑transaction cost by an estimated 18%.
• Sustainability: installation of EV fast‑chargers at key service areas, energy‑efficient lighting retrofits and green procurement policies across 100% of major capex projects.
• Teamwork: cross‑functional squads combining finance, operations and IT enabling expedited project delivery and a >92% on‑time milestone achievement rate.

For further financial context and investor insights see: Breaking Down China Merchants Expressway Network & Technology Holdings Co.,Ltd. Financial Health: Key Insights for Investors