Anhui Gourgen Traffic Construction

What Anhui Gourgen Traffic Construction does

Anhui Gourgen Traffic Construction Co., Ltd. (安徽省交通建设股份有限公司) is a publicly listed Chinese infrastructure construction enterprise headquartered in Hefei, Anhui Province, trading on the Shanghai Stock Exchange under ticker 603815 since its October 2019 IPO. The company is a subsidiary of Xiangyuan Holdings Group Co., Ltd. (祥源控股集团有限责任公司). It provides full-lifecycle transportation infrastructure construction services spanning highway engineering, bridge engineering, tunnel engineering, municipal engineering, urban rail transit engineering, building construction, design services, maintenance engineering, and testing and inspection, supplemented by infrastructure investment activities. Core technical capabilities include multi-segment engineering execution supported by wholly-owned operating subsidiaries for construction (Jiaojian Construction) and testing/inspection (Lutong Testing), with BIM-based digital construction recognized via a 2025 provincial first-prize award.

The company generates revenue primarily through Engineering Procurement and Construction (EPC) contracts awarded via competitive government bidding for highway, bridge, tunnel, municipal, and urban rail transit projects, supplemented by revenue from infrastructure investment ventures. Its primary customer base is government and public-sector entities, with active projects concentrated in Anhui Province and the broader East China region. The go-to-market is direct contracting via formal public procurement processes rather than channel-based distribution, with project bidding platforms and investor relations communications serving as the primary marketing touchpoints.

The business model is that of a regional mid-cap construction contractor with revenue concentrated on a single provincial government customer base and subject to public bidding cycles. Recent operating history includes a multi-year revenue decline through 2024, governance turbulence including a director/Board Secretary resignation in May 2025, and regulatory scrutiny of the actual controller by the CSRC and Zhejiang CSRC Bureau in late 2024. Defensive capital actions (share repurchase program initiated January 2025) alongside continued project execution (G312 Hefei-Lu'an pipeline, multiple provincial QC and BIM awards in 2025-2026) characterize the current operating posture.

Name

Anhui Gourgen Traffic Construction

Legal name

安徽省交通建设股份有限公司

Website

https://gourgen.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Anhui Gourgen Traffic Construction is a Shanghai Stock Exchange-listed (603815) infrastructure construction company headquartered in Hefei, China, providing highway, bridge, tunnel, municipal, and urban rail transit EPC services primarily to government clients in Anhui Province.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services

NAICS

Highway, Street, and Bridge Construction (23731), Highway, Street, and Bridge Construction (237310)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Highway & Roadway Construction (Highways, Arterials, Streets) (IMAFAEAA)

akta.pro secondary industries

Interchanges, Ramps & Flyovers Construction (IMAFAEAD), Roadside Structures & Ancillary Works (Noise Barriers, Lighting, Guardrails, Fencing) (IMAFAEAJ), Stations, Platforms & Depot/Yard Construction (IMAFAFAD), Road & Tunnel Operations/Construction Interfaces (Tolling Infrastructure, Ventilation/Fire-Life-Safety Civil Works) (IMAFAEAL)

Keywords

• Highway construction
• Bridge engineering
• Tunnel engineering
• Municipal infrastructure
• Urban rail transit

Headquarters

HQ city

Hefei

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering Procurement and Construction (EPC) Contracts: Revenue generated from government and public infrastructure projects including highways, bridges, tunnels, municipal works, and urban rail transit. Projects are awarded through competitive bidding processes.
2. Investment Projects: Revenue from investment activities in infrastructure projects and joint venture investments.

Distribution channels1 record

Marketing channels2 records

Core offering

Anhui Gourgen Traffic Construction is a comprehensive infrastructure construction enterprise that delivers engineering, procurement, and construction (EPC) services for transportation and public works projects. Its offerings span highway, bridge, tunnel, municipal, urban rail transit, and building construction, supplemented by in-house design, maintenance, testing and inspection, and infrastructure investment services. Projects are awarded primarily through competitive bidding from government and public sector clients.

Product overview

Anhui Gourgen Traffic Construction (安徽省交通建设股份有限公司) is a comprehensive infrastructure construction enterprise offering integrated engineering services. The company operates a multi-service portfolio organized around core construction services (Highway Engineering, Bridge Engineering, Tunnel Engineering, Municipal Engineering, Urban Rail Transit Engineering, Building Construction) supported by complementary services (Design Services, Maintenance Engineering, Testing Services, and Investment). The company is listed on the Shanghai Stock Exchange (stock code: 603815) and serves as a subsidiary under Xiangyuan Holdings Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Highway Engineering (公路工程)
• Bridge Engineering (桥梁工程)
• Tunnel Engineering (隧道工程)
• Municipal Engineering (市政工程)
• Urban Rail Transit Engineering (城市轨道交通工程)
• Building/Construction Engineering (房建工程)
• Design Services (设计业务)
• Maintenance Engineering (养护工程)
• Testing and Inspection Services (试验检测)
• Infrastructure Investment (投资)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• 祥源控股集团有限责任公司 (Xiangyuan Holding Group Co., Ltd.)coreOthersParent company/group; the company's official website is hosted under the Xiangyuan Group domain structure and is listed as a related party enterprise.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Sichuan Road & Bridge Group: China A-share listed provincial infrastructure contractor with a heavy focus on highway, bridge, and tunnel construction. Comparable in scale and project mix; serves as a useful operating benchmark for Anhui Gourgen's regional franchise.
• Anhui Construction Engineering Group: Anhui-based diversified construction group operating in the same provincial market with overlapping civil, municipal, and building construction activities. Closest direct regional peer in terms of geography and project types.

Others

• China Energy Engineering Corporation: Central SOE with combined infrastructure construction and investment activity. Comparable in investment + EPC model that Anhui Gourgen deploys on certain highway and municipal projects.
• Guangdong Provincial Expressway Development: A-share listed toll-road operator and expressway developer. Not a direct competitor but overlaps with Anhui Gourgen's PPP/investment model and serves as a comparable public-market infrastructure name.

Broad incumbents

• China Communications Construction Company: China's largest transportation infrastructure contractor — directly comparable activity set (highways, bridges, tunnels, ports) but operates nationally and globally with a much broader portfolio. Comparable as the benchmark SOE-scale peer for Anhui Gourgen.
• China Railway Construction Corporation: State-owned heavy civil and rail infrastructure contractor. Comparable in delivering highway, bridge, tunnel, and urban rail transit projects; competes with Anhui Gourgen in municipal and rail scopes across China.
• China State Construction Engineering Corporation: World's largest construction contractor with deep municipal, building, and infrastructure operations. Comparable on municipal engineering and building construction segments, less so as a direct highway competitor.
• China Railway Group Limited: State-owned heavy civil and rail engineering contractor with significant highway, bridge, and tunnel activity. Comparable where Anhui Gourgen operates in rail transit and tunnel engineering.
• Shanghai Construction Group: East China-based major general contractor spanning buildings, municipal, and infrastructure. Comparable in urban rail transit and municipal engineering segments where Anhui Gourgen competes.

Regional players

• Zhejiang Construction Engineering Group: Provincial-level construction general contractor in neighboring Zhejiang. Comparable in municipal and infrastructure construction activity; useful adjacent peer given East China operating overlap with Anhui Gourgen.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anhui Gourgen Traffic Construction