China's Zhejiang Expressway nine-month revenue rises year-on-year

Zhejiang Expressway

29/10/2026 11:34

Overview
China toll road operator's nine-month revenue rose yr/yr
Net income attributable to owners for nine months slightly declined yr/yr
Higher operating costs and lower investment gains weighed on profit growth

Outlook
Company did not provide specific guidance or outlook for future quarters or the full year in the press release

Result Drivers
INTEREST INCOME - Co said higher interest income contributed to revenue growth
OPERATING COSTS - Increased operating costs weighed on profit for the period
INVESTMENT GAINS - Lower securities investment gains reduced profit growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
RMB 15.97 bln
 
9M Net Income Attributable
 
RMB 4.15 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$7.65, about 27.2% above its October 29 closing price of HK$6.02
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Reuters Recommended Reads
Oct 29 - China's Guangshen Rail nine-month revenue rises 4.5%, profit falls
Oct 27 - Guangdong Investment 9M revenue rises on water resources strength
Oct 29 - CIMC Group nine-month revenue up 8.3% on higher container sales volumes

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(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.)