Shandong High-Speed Group Co.

What Shandong High-Speed Group Co. does

Shandong High-Speed Group Co., Ltd. (山东高速集团有限公司) is a state-owned infrastructure investment company headquartered in Jinan, Shandong Province, China, operating under the Shandong Provincial State-owned Assets Supervision and Administration Commission. Founded in 1999, the group is a Fortune 500 enterprise with registered capital of RMB 92.2 billion and total assets exceeding RMB 1.8 trillion. Its core business is the operation and management of 9,240 km of expressways, of which 7,504 km are within Shandong province, making it the largest expressway operator in the province.

The group's product portfolio spans the full infrastructure lifecycle: highway investment, construction, and toll collection; road and bridge construction through subsidiary Shandong Road & Bridge (000498.SZ); logistics services including China-Europe freight trains; financial services via Weihai Commercial Bank (9677.HK); and new energy through Shandong High-Speed New Energy (1250.HK). In May 2026, the company launched the proprietary 'ShanGao ZhiXing' large language model for transportation applications in partnership with the Ministry of Transport, alongside AI-powered products including smart toll collection robots, 'AI Sentinel' devices for toll stations, and intelligent safety helmets. Digital services include the 96659 customer service platform, ETC services through Xinlian Technology, and the ShanGao Materials and Industrial Payment platforms.

Revenue is generated through multiple streams: highway tolls (transaction-based on vehicle class and distance), one-time infrastructure construction contracts, logistics and freight services, financial services through banking and new energy subsidiaries, service area operations, and international infrastructure projects across Pakistan, Bangladesh, Vietnam, South Sudan, Montenegro, and Serbia. The group serves three primary segments: government entities (national, provincial, and local) for infrastructure development partnerships; individual motorists and travelers for toll and ancillary services; and logistics/freight companies for corridor-based services. Pricing for tolls follows Ministry of Transport regulations by vehicle classification, while infrastructure project pricing is not publicly disclosed. The group also maintains a strategic focus on international expansion through Belt and Road-style cooperation, exemplified by its participation in the July 2026 Pakistan-China B2B Investment Conference and ongoing projects such as the Montenegro Belgrade Chinese Cultural Center and the Vietnam Hanoi-Haiphong expressway.

Name

Shandong High-Speed Group Co.

Legal name

山东高速集团有限公司

Website

https://sdhsg.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shandong High-Speed Group is a Shandong Province state-owned infrastructure investment company and Fortune 500 enterprise operating 9,240 km of expressways, with RMB 1.8 trillion in assets and seven listed subsidiaries spanning construction, logistics, banking, and new energy.

Ownership category

akta.pro rank

Product category

Highway Infrastructure Services

NAICS

Highway, Street, and Bridge Construction (23731), Support Activities for Transportation (488), Management of Companies and Enterprises (5511)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Transportation Services (4700), Trucking (No Local) (4213)

akta.pro primary industry

State/Provincial Transportation, Roads & Public Works Administration (BPAIABAK)

akta.pro secondary industry

End-to-End Supply Chain Control Tower Platforms (TLAEAKAA)

Keywords

• Highway infrastructure operations
• Expressway construction services
• Toll road management
• Transport logistics services
• Infrastructure investment

Headquarters

HQ city

Jinan

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Highway Toll Revenue: Primary revenue stream from toll collection on operated expressways. The group manages 9,240 km of highways including 7,504 km within Shandong province.
2. Infrastructure Investment and Construction: Revenue from investing in and constructing highway infrastructure projects, both domestic and international.
3. Logistics Services: Revenue from logistics operations including China-Europe freight train services (中欧班列), warehouse services, and supply chain management.
4. Financial Services: Revenue from financial services through subsidiary companies including banking (Weihai Commercial Bank), new energy investments, and other financial operations.
5. Service Area Operations: Revenue from highway service areas, gas stations, and commercial facilities along expressways.
6. International Operations: Revenue from overseas highway operations and infrastructure projects in countries including Pakistan, Bangladesh, Montenegro, South Sudan, and Vietnam.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Shandong High-Speed Group Co., Ltd. is a state-owned infrastructure investment company that invests in, constructs, and operates expressway networks across China and internationally. The Group manages 9,240 km of expressways (including 7,504 km in Shandong province), runs toll collection and ETC services, executes overseas highway projects, and operates diversified businesses spanning logistics (China-Europe freight trains), financial services (via Weihai Bank), new energy, and recently launched AI-powered transportation products including the ShanGao ZhiXing large language model.

Product overview

Shandong High-Speed Group Co. (山东高速集团) operates as a state-owned infrastructure investment company and Fortune 500 enterprise with registered capital of 92.2 billion yuan and total assets exceeding 1.8 trillion yuan. The company's core business is highway infrastructure operation and management, managing 9,240 km of expressways. The product portfolio includes the recently launched "山高・知行" large AI model (May 2026) for transportation applications, various AI-powered products including "AI哨兵" toll station devices, "智慧收费机器人" smart toll collection robots, and "智慧云盔" smart helmets for emergency response. Digital services include the 96659 real-time traffic platform, ETC services, the China-Europe freight train logistics platform, and the ShanGao Materials Platform. The group also operates 7 listed companies and manages significant infrastructure projects including the Qingdao Jiaozhou Bay Bridge. The service brand "山高・行" unifies customer-facing highway travel services.

Differentiator

Problem solved

Functional benefit

Brands

• 山高·知行 (ShanGao ZhiXing): Large AI model launched by Shandong High-Speed Group for transportation and industry applications
• 山高·行 (ShanGao Xing)
• 96659
• 高速股份

Products and services

• Highway Operation Management (高速公路运营管理) The Group's core highway infrastructure operation business managing 9,240 km of expressways (including 7,504 km in Shandong province), operating toll collection, road monitoring, maintenance services, and traffic management across the network for both government partners and individual travelers.
• 山高·知行大模型 (ShanGao ZhiXing Large Model) A generative AI large language model launched in May 2026 for transportation industry applications, developed in partnership with the Ministry of Transport's Road Network Monitoring Center and the Industry Big Data + Artificial Intelligence Digital Intelligence Research Center. Targeted at industry-level AI applications including big data integration for transportation infrastructure operators.
• 实时路况服务 (Real-time Traffic Information Service) Real-time traffic monitoring and reporting service accessible via the 96659 customer service platform and electronic map services, providing motorists with road conditions, congestion updates, and travel information across the expressway network.
• ETC服务 (Electronic Toll Collection Service) Electronic toll collection services provided through Xinlian Technology subsidiary and partner platform xinliankj.com.cn, enabling cashless toll payment for motorists on the Group's expressway network.
• 中欧班列服务 (China-Europe Freight Train Service) Cross-border freight train logistics services connecting China and Europe, operated through Shandong High-Speed Qilu Hao Eurasia Train Operation Co., Ltd. via sdhsqlh-logistics.com platform. Q1 2026 China-Europe freight train operations grew 28% year-on-year.
• 智慧收费机器人 (Smart Toll Collection Robots) Intelligent toll collection robots deployed at Kunming Airport Highway for automated toll operations, representing the digital transformation of highway tolling operations at the Group's expressway facilities.
• AI哨兵装置 (AI Sentinel Device for Toll Stations) Self-developed AI device by Jining Development Company for detecting pedestrians and non-motorized vehicles at toll stations, deployed at Jining High-tech Toll Station and Yanzhou Toll Station for safety enforcement.
• 智慧云盔 (Smart Cloud Helmet) Intelligent safety helmet with real-time video transmission for emergency response and remote command capabilities, providing live visual feeds for decision-making during flood control and emergency operations on the Group's expressway network.
• 山高材料平台 (ShanGao Materials Platform) Digital platform for materials procurement and supply chain management serving the Group's construction and infrastructure operations, accessible via sdgscl.com.
• 山高产业支付 (ShanGao Industrial Payment) Industrial payment and financial services platform operated by the Group to support commercial transactions across its infrastructure and supply chain businesses.
• 青岛胶州湾大桥 (Qingdao Jiaozhou Bay Bridge) A landmark large-scale bridge project in China's freezing maritime areas and the first bridge project in China's freezing sea area, awarded the George Richardson Award, the highest international bridge award, in 2021.

Quantifiable outcome

• Operates 9,240 km of expressways including 7,504 km in Shandong province
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Board of Investment Pakistan (BOI)coreStrategic or Co-development Partner · 18 July 2026Federal Minister for Board of Investment Qaiser Ahmed Sheikh met with Shandong Hi-Speed Group delegation at Pakistan-China B2B Investment Conference. BOI offering full facilitation for infrastructure, transport, logistics, and connectivity projects.
• Special Investment Facilitation Council Pakistan (SIFC)coreStrategic or Co-development Partner · 18 July 2026SIFC providing facilitation for Chinese investment in Pakistan including Shandong Hi-Speed Group's projects in transport, logistics, and connectivity sectors.
• Oil and Gas Development Company Limited (OGDC)minorStrategic or Co-development Partner · 18 July 2026Existing collaboration on oil and gas project in Hyderabad, Pakistan. OGDC partnering with SDHS for energy infrastructure development.
• Red River Comprehensive Transportation Hub Investment Development Co.coreStrategic or Co-development PartnerPPP joint venture for Red River Comprehensive Transportation Hub project in Mengzi, Yunnan. Total investment RMB 1.725 billion, covering 299.51 acres.
• Mengzi Transportation Investment Co.coreStrategic or Co-development PartnerLocal government platform company as PPP partner for comprehensive transportation hub project.
• Beijing Gonglian Highway Connection Line Co.minorStrategic or Co-development PartnerJoint venture partner holding 30% stake in Kunming New Airport Highway Construction and Development Co.
• Red River Transportation Investment Co.minorStrategic or Co-development PartnerRegional partner holding 10% stake in Shandong High-Speed Red River Transportation Investment Co.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• China State Construction Engineering Corporation (CSCEC): Largest Chinese construction and engineering SOE (listed 601668.SH). Comparable as state-owned Chinese infrastructure builder with significant highway and bridge project delivery capability alongside broader real estate and infrastructure activities.
• Transurban Group: International toll road operator listed in Australia (TCL.AX) with operations across Australia, North America, and Europe. Comparable as a large-scale, regulated toll road asset operator with sophisticated traffic management technology, though operating in different geographies.
• China Communications Construction Company Limited (CCCC): Largest Chinese infrastructure construction SOE (listed 1800.HK / 601800.SH) involved in highway, bridge, port, and rail construction. Comparable as a state-owned Chinese infrastructure peer with broader scope than SDHS's operating focus.
• China Railway Group Limited: Major Chinese rail and infrastructure construction SOE (listed 601390.SH / 0390.HK). Comparable as a state-owned Chinese infrastructure peer engaged in large-scale transportation infrastructure construction including rail, highway, and bridge projects.

Direct peers

• Guangdong Expressway Development Co., Ltd. Listed (000429.SZ) Guangdong provincial expressway operator. Comparable in operating a portfolio of toll expressway assets under a provincial SOE umbrella with similar revenue mix of tolls and ancillary services.
• Sichuan Expressway Co., Ltd. Sichuan provincial expressway operator (listed 601107.SH) with similar toll revenue model and provincial SOE ownership. Comparable Chinese provincial toll road business.
• Jiangsu Expressway Company Limited: Provincial expressway operator in Jiangsu Province (listed 600377.SH) with comparable business model of toll collection, road operation, and ancillary services on a similar scale of network assets. Most directly comparable provincial SOE highway operator to SDHS.
• Zhejiang Expressway Co., Ltd. Provincial expressway operator in Zhejiang Province, with similar SOE ownership structure, toll revenue model, and roadside service area operations. Directly comparable Chinese provincial highway SOE.
• China Merchants Expressway Network & Technology Holdings Co., Ltd. Major Chinese expressway investment and operation company (listed 001965.SZ) under China Merchants Group. Comparable as a centralized SOE operator managing toll road portfolios across multiple provinces.
• Anhui Expressway Company Limited: Anhui provincial highway operator (listed 600012.SH) engaged in toll collection, road maintenance, and related services under provincial SOE control. Closely comparable business model to SDHS's core expressway operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sdhs

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

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Frequently asked questions about Shandong High-Speed Group Co.