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XHKG
0576
Market cap5.69bUSD
Jul 25, Last price  
7.52HKD
Name

Zhejiang Expressway Co Ltd

Chart & Performance

D1W1MN
P/E
7.29
P/S
2.22
EPS
0.94
Div Yield, %
4.61%
Shrs. gr., 5y
5.42%
Rev. gr., 5y
8.61%
Revenues
18.06b
+6.48%
3,456,385,0004,763,780,0007,030,380,0006,323,470,0006,036,294,0006,542,434,0006,424,828,0006,700,258,0007,851,115,0009,051,123,00012,507,394,0009,735,347,0009,626,340,0009,568,321,00011,955,266,00011,942,775,00016,262,601,00014,898,730,00016,965,024,00018,064,824,000
Net income
5.50b
+5.32%
1,572,296,0001,652,871,0003,140,895,0001,892,787,0001,795,488,0001,871,499,0001,805,345,0001,686,270,0001,907,470,0002,349,052,0002,989,680,0003,037,405,0003,202,130,0003,480,537,0003,711,118,0002,416,395,0004,762,431,0005,178,666,0005,223,679,0005,501,588,000
CFO
9.08b
-7.46%
1,983,251,0002,413,558,0003,678,519,0002,699,179,0002,994,482,0002,550,497,0002,285,929,0001,537,707,000979,975,0003,669,550,000-2,676,334,0004,719,236,000-829,667,0002,412,060,000382,754,000210,478,0002,822,995,0007,641,372,0009,814,329,0009,082,025,000
Dividend
May 10, 20240.35239 HKD/sh
Earnings
Aug 21, 2025

Profile

Zhejiang Expressway Co., Ltd., an investment holding company, invests, develops, operates, maintains, and manages roads in the People's Republic of China. It operates through Toll Operation, Securities Operation, and Others segments. The Toll Operation segment operates and manages high grade roads; and collects expressway tolls. The Securities Operation segment offers securities and future broking, margin financing and securities lending, securities underwriting and sponsorship, asset management, advisory, and proprietary trading services. The Others segment engages in hotel operation, high grade road construction, investment in other financial institutions, and other ancillary activities. The company also offers vehicle towing, repair and emergency, and rescue services. Zhejiang Expressway Co., Ltd. was incorporated in 1997 and is based in Hangzhou, the People's Republic of China. Zhejiang Expressway Co., Ltd. is a subsidiary of Zhejiang Communications Investment Group Co., Ltd.
IPO date
May 15, 1997
Employees
9,289
Domiciled in
CN
Incorporated in
CN

Valuation

Title
CNY in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
18,064,824
6.48%
16,965,024
13.87%
14,898,730
-8.39%
Cost of revenue
10,973,254
9,949,666
9,030,542
Unusual Expense (Income)
NOPBT
7,091,570
7,015,358
5,868,188
NOPBT Margin
39.26%
41.35%
39.39%
Operating Taxes
1,701,104
1,229,208
1,039,051
Tax Rate
23.99%
17.52%
17.71%
NOPAT
5,390,466
5,786,150
4,829,137
Net income
5,501,588
5.32%
5,223,679
0.87%
5,178,666
8.74%
Dividends
(1,927,130)
(1,642,803)
(1,632,065)
Dividend yield
5.75%
6.42%
5.89%
Proceeds from repurchase of equity
5,723,780
BB yield
-22.37%
Debt
Debt current
44,099,756
40,656,018
15,724,845
Long-term debt
35,094,033
44,237,724
34,860,072
Deferred revenue
34,091,690
Other long-term liabilities
260,060
(34,091,690)
Net debt
16,072,042
(4,611,628)
15,198,999
Cash flow
Cash from operating activities
9,082,025
9,814,329
7,641,372
CAPEX
(818,447)
(1,283,516)
(1,585,480)
Cash from investing activities
(15,330,450)
(16,616,148)
2,947,144
Cash from financing activities
3,344,045
6,638,187
(3,847,044)
FCF
3,792,511
20,048,852
4,684,144
Balance
Cash
59,871,941
70,273,286
74,247,705
Long term investments
3,249,806
19,232,084
(38,861,787)
Excess cash
62,218,506
88,657,119
34,640,982
Stockholders' equity
44,958,429
61,079,760
41,294,163
Invested Capital
107,539,629
84,036,698
64,912,448
ROIC
5.63%
7.77%
7.17%
ROCE
4.63%
4.83%
5.87%
EV
Common stock shares outstanding
5,992,635
4,911,377
4,614,399
Price
5.59
7.29%
5.21
-13.31%
6.01
-13.53%
Market cap
33,498,828
30.91%
25,588,274
-7.73%
27,732,538
-13.03%
EV
77,228,281
50,068,302
62,222,909
EBITDA
10,903,996
10,720,401
9,253,178
EV/EBITDA
7.08
4.67
6.72
Interest
1,741,651
2,104,129
1,770,008
Interest/NOPBT
24.56%
29.99%
30.16%