1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Industrial - Infrastructure Operations
Zhejiang Expressway Co., Ltd.

Zhejiang Expressway Co., Ltd.

0576.HK
Zhejiang Expressway Co., Ltd.HK flagHong Kong Stock Exchange
6.86
HKD
+0.02
- -
41.25BMarket Cap
Zhejiang Expressway Co., Ltd.
0576.HK
(Hong Kong Stock Exchange)

Recent

price

6.86

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.39
1.44
1.47
1.67
2.01
2.28
2.07
2.05
2.38
2.55
2.65
3.46
3.37
3.67
3.01
3.29
1.5
Revenue per Share
0.4
0.38
0.35
0.41
0.48
0.64
0.65
0.68
0.75
0.79
0.51
1.01
1.14
1.13
0.92
0.89
0.43
Basic EPS, GAAP
0.48
0.32
0.2
0.15
0.52
-0.64
0.9
-0.25
0.53
-0.14
-0.16
0.4
1.36
1.82
1.36
0.42
0.28
Free Cash Flow per Basic Share
0.26
0.29
0.29
0.28
0.29
0.3
0.26
0.33
0.34
0.35
0.33
0.33
0.36
0.36
0.32
0.38
- -
Dividend per Share
1.54
1.59
1.61
1.61
1.73
1.61
1.88
1.79
2.15
1.25
1.43
1.46
2.21
3.12
2.89
3.29
2.85
Book Value per Share
1.15
1.18
1.42
1.6
1.41
1.82
2.01
0.75
1.68
-0.07
2.3
2.78
5.53
8.41
8.92
12.11
6.82
Tangible Book Value per Share
4,697
4,697
4,697
4,697
4,697
4,697
4,697
4,697
4,697
4,697
4,697
4,697
4,554
4,625
5,994
6,009
5,994
Basic Weighted Avg Shares
6,542
6,781
6,927
7,851
9,460
10,725
9,735
9,626
11,192
11,955
12,452
16,263
15,332
16,965
18,065
19,755
8,964
Sales/Revenue/Turnover
42.09
38.63
32.73
35.8
36.54
49.96
51.95
50.61
47.01
43.15
34.72
40.7
38.25
41.69
39.64
33.89
40.9
Operating Margin (%)
839
862
1,005
1,020
1,231
1,259
1,323
1,411
2,273
2,404
2,984
3,218
3,758
3,705
3,812
3,966
- -
Depreciation Expense
1,871
1,805
1,649
1,907
2,265
2,990
3,037
3,202
3,515
3,711
2,416
4,762
5,179
5,224
5,502
5,325
2,561
Net Income, GAAP
25.67
25.79
25.79
25.47
24.8
26.03
23.76
23
21.8
23.44
25.59
22.95
14.15
15.66
19.21
19.67
15.68
Effective Tax Rate (%)
28.61
26.62
23.81
24.3
23.94
27.88
31.2
33.26
31.41
31.04
19.41
29.28
33.78
30.79
30.45
26.95
28.56
Profit Margin (%)
4,979
5,435
4,793
4,738
5,273
11,918
9,651
16,979
19,835
13,722
19,671
32,956
44,657
49,556
37,658
51,474
45,232
Working Capital
1,000
2,140
680
300
3,160
9,190
6,700
20,663
21,977
26,395
25,125
38,930
39,524
43,762
34,700
36,846
43,976
LT Debt
17,695
19,247
19,622
19,669
21,128
21,999
24,176
30,421
32,923
28,195
36,946
43,714
49,300
60,405
73,698
93,049
61,768
Total Equity
10.43
9.11
7.5
9.49
9.35
10.38
8.42
6.54
5.85
4.91
3.52
4.47
3.87
4.37
3.89
3.03
2.64
Return on Invested Capital (%)
12.93
12.41
11.3
12.55
10.64
8.47
7.76
6.22
7.15
6.33
3.98
5.05
5.22
4.95
4.36
2.75
3.04
Return on Capital (%)
26.32
24.56
21.93
25.2
28.88
38.06
37.05
37.18
37.96
46.41
38.4
70.29
61.23
42.64
34.67
28.71
21.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'21
Mar'24
Jun'24
ST Debt
41,435
- -
32,002
LT Borrowings
28,699
- -
43,678
LT Finance Leases
374
- -
297
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,697
- -
5,993
Market Capitalization
20,540
25,963
29,402

Working Capital

FRC

•

in mil. unless spec.
Jun'21
Mar'24
Jun'24
Total Current Assets
116,803
- -
136,508
Cash, Cash Equivalents & STI
53,927
- -
58,855
Accounts Receivable, Net
459
- -
1,095
Inventories
397
- -
1,171
Total Current Liabilities
88,712
- -
91,275
Payables & Accruals
- -
- -
- -
ST Debt
41,435
- -
32,002
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.25%
20.38%
26.26%
Free Cash Flow
-93.87%
-29.84%
-69.33%
Net Income, GAAP
9.63%
21.76%
-3.21%
Sales/Revenue/Turnover
6.83%
10.28%
9.36%
Total Cash Common Dividend
5.65%
8.71%
19.57%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
4,350
4,615
- -
16,965
2024
- -
- -
- -
- -
18,065
2025
- -
- -
- -
- -
19,755

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.13
2024
- -
- -
- -
- -
0.92
2025
- -
- -
- -
- -
0.89

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.36
2024
- -
- -
- -
- -
0.32
2025
- -
- -
- -
- -
0.38
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Shenzhen Expressway Corporation Limited (SHZNF)
Business
Zhejiang Expressway Co., Ltd. is a state-owned infrastructure company principally engaged in investing in, developing, operating, and managing high-grade expressways primarily in Zhejiang Province, China. Its core products and services encompass the ownership and operation of nine major expressways including the Shanghai-Hangzhou-Ningbo Expressway, Shangsan Expressway, Ningbo-Jinhua Expressway section, Hanghui Expressway, Huihang Expressway, Shenjiahuhang Expressway, Zhoushan Bay Bridge, LongLiLiLong Expressway, Zhajiasu Expressway, and HuangQuNan Expressway. The company also provides related ancillary services such as automobile servicing, gas station operations, vehicle towing, repair, emergency and rescue services, as well as investment management, advisory, and technology services. Its securities business is conducted through its subsidiary Zheshang Securities, which is publicly listed on the Shanghai Stock Exchange. Founded in 1997 and headquartered in Zhejiang, China, Zhejiang Expressway operates primarily within China, with a focus on expressway infrastructure and transportation services. The company’s controlling shareholder is Communications Group, a wholly state-owned enterprise established by the Zhejiang Provincial Government. The Group oversees diversified transportation infrastructure investments, including expressway maintenance, toll collection, and related construction projects. Recent major developments include the proposed absorption and merger with Zhejiang Oceanking Development, announced in September 2025, which aims to create synergies, optimize resource allocation, and accelerate the company's expansion in expressway assets and services. This transaction involves issuing A shares to Oceanking Development shareholders and is expected to enhance Zhejiang Expressway's financial strength and operational efficiency. Additionally, the company has secured new traffic maintenance and upgrade contracts in 2025, reinforcing its market position. It has also undergone management changes with updates to its board of directors and business scope expansion as of late 2025. Zhejiang Expressway continues to focus on intelligent transportation, integration of energy with transport infrastructure, and fostering growth in expressway-related economic zones, aligning with its strategic business enhancement plans. Overall, Zhejiang Expressway maintains a comprehensive portfolio of expressway investment, development, and ancillary services, supported by strategic mergers, ongoing infrastructure upgrades, and expansion initiatives within Zhejiang Province. It remains a key player in China's transportation infrastructure sector with growing influence and diversified service offerings.