China's Zhejiang Expressway H1 revenue rises

Zhejiang Expressway

28/08/2026 15:34

Overview
China toll road and securities operator's interim revenue rose 21% yr/yr, driven by securities business
Net income attributable to owners fell 3.2% yr/yr, earnings per share declined 4%
Toll revenue declined 5.4% yr/yr due to traffic controls and policy changes

Outlook
Company did not provide specific financial guidance for the current quarter or full year

Result Drivers
SECURITIES-MARKET ACTIVITY – Improving domestic capital markets and active M&A lifted securities revenue 42.1% to RMB4.52 bln
TOLL-ROAD DISRUPTIONS – Construction traffic controls, toll-policy changes and road-network diversion cut toll revenue 5.4% to RMB4.85 bln

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 10.51 bln
 
H1 Net Income Attributable
 
RMB 2.7 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the highways & rail tracks peer group is "buy."
Wall Street's median 12-month price target for Zhejiang Expressway Co Ltd is HK$8.30, about 27.5% above its August 28 closing price of HK$6.51

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Aug 28 - China's Shandong Hi-Speed swings to HY loss on impairment loss,  smaller fair value gain
Aug 27 - China's Chengdu Expressway H1 revenue falls on lower traffic

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/c1d8c912-aaca-40b5-bb8d-cad4c4f196e7.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)