1. People's Republic of China Stocks

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    Industrial - Infrastructure Operations
Anhui Expressway Company Limited

Anhui Expressway Company Limited

AUHEF
Anhui Expressway Company LimitedUS flagOther OTC
1.27
USD
- -
- -
2.17BMarket Cap
Anhui Expressway Company Limited
AUHEF
(Other OTC)

Recent

price

1.27

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
1.28
1.38
1.34
1.4
1.41
1.46
1.51
1.73
1.79
1.78
1.77
2.36
3.14
4
4.64
3.99
4.69
Revenue per Share
0.47
0.52
0.46
0.51
0.52
0.57
0.56
0.66
0.68
0.66
0.52
0.91
0.87
1
1.15
1.12
1.1
Basic EPS, GAAP
0.49
0.36
0.27
0.23
0.55
0.39
0.74
0.4
0.42
0.35
0.69
1.01
0.37
0.32
0.4
0.79
- -
Free Cash Flow per Basic Share
0.27
0.29
0.3
0.28
0.32
0.28
0.29
0.28
0.29
0.31
0.29
0.31
0.7
0.69
0.73
0.77
0.73
Dividend per Share
3.47
3.83
3.95
4.26
4.58
4.89
5.23
5.65
6.07
6.47
6.94
6.87
7.19
7.63
9.87
7.49
6.99
Book Value per Share
-1.16
-1.17
-1.32
-1.12
-0.92
-0.63
-0.29
-0.34
-0.11
-0.26
-1.36
-1.06
-0.92
-1.43
-1.65
-3.98
-4.64
Tangible Book Value per Share
1,659
1,657
1,658
1,659
1,659
1,658
1,659
1,659
1,659
1,659
1,659
1,659
1,659
1,659
1,659
1,684
1,659
Basic Weighted Avg Shares
2,121
2,287
2,223
2,330
2,340
2,427
2,499
2,861
2,967
2,946
2,934
3,921
5,206
6,631
7,698
6,722
7,780
Sales/Revenue/Turnover
59.46
60.85
55.67
54.12
52.8
52.74
52.18
55.01
53.17
52.77
43.58
55.67
39.82
36.61
33.24
40.96
31.39
Operating Margin (%)
489
518
542
588
616
619
690
687
723
715
940
931
942
922
1,062
1,359
- -
Depreciation Expense
783
868
761
848
861
938
933
1,091
1,123
1,098
869
1,514
1,445
1,660
1,907
1,877
1,820
Net Income, GAAP
23.52
24.97
24.84
24.11
25.94
23.27
27.04
29.52
29.14
32.11
30.99
27.08
28.47
25.96
24.13
28.72
24.09
Effective Tax Rate (%)
36.91
37.96
34.24
36.39
36.8
38.64
37.34
38.14
37.85
37.25
29.63
38.62
27.75
25.03
24.78
27.93
23.39
Profit Margin (%)
26
-58
102
-1,574
-513
153
1,330
1,126
1,262
641
2,401
1,687
3,836
2,807
4,106
2,552
2,755
Working Capital
2,174
2,392
2,464
577
851
1,053
1,650
1,667
1,563
1,813
1,642
4,726
6,202
5,960
7,881
13,114
13,303
LT Debt
6,026
6,738
7,320
7,894
8,450
8,907
9,420
10,030
10,581
11,570
12,141
11,945
13,505
14,115
17,903
14,205
13,362
Total Equity
11.36
11.74
9.61
9.23
8.88
9.66
8.72
9.51
9.07
7.9
6.14
9.92
7.89
8.78
8.28
7.21
7.73
Return on Invested Capital (%)
9.51
9.83
8.08
8.43
9.36
9.32
9.61
10.1
10.22
9.22
7.09
10.57
8.78
8.82
8.64
7.79
8.2
Return on Capital (%)
14.17
14.34
11.8
12.47
11.74
11.93
11.11
12.09
11.55
10.55
7.82
13.23
12.4
13.51
13.14
12.87
14.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
292
420
472
LT Borrowings
7,881
12,820
13,303
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,659
1,659
1,709
Market Capitalization
14,896
15,291
15,549

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,638
5,288
6,130
Cash, Cash Equivalents & STI
4,821
4,975
5,650
Accounts Receivable, Net
- -
- -
- -
Inventories
4
4
4
Total Current Liabilities
1,532
2,372
3,375
Payables & Accruals
- -
- -
- -
ST Debt
292
420
472
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.41%
4.43%
-20.66%
Free Cash Flow
22.21%
18.89%
99.32%
Net Income, GAAP
9.41%
19.57%
-1.57%
Sales/Revenue/Turnover
11.72%
19.44%
-12.68%
Total Cash Common Dividend
14.63%
28.57%
6.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,444
1,766
1,990
2,048
7,698
2025
2,821
920
1,336
- -
6,722
2026
1,574
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
- -
- -
- -
1.15
2025
0.33
- -
- -
- -
1.12
2026
0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
0.73
2025
0.03
- -
- -
- -
0.77
2026
0.06
- -
- -
- -
- -
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Business
Anhui Expressway Company Limited engages principally in the investment, construction, operation, and management of toll roads within Anhui province in the People's Republic of China. Incorporated on August 15, 1996, and headquartered at 520 Wangjiang West Road, Hefei, Anhui province, the company operates a portfolio of expressways and related infrastructure, including the Hening Expressway (Hening section of G40 Shanghai-Shaanxi Expressway); Gaojie Expressway (G50 Shanghai-Chongqing Expressway Gaojie section); Xuanguang Expressway (G50 Shanghai-Chongqing Expressway Xuanguang section); Guangci Expressway (G50 Shanghai-Chongqing Expressway Guangci section); Ninghuai Expressway Tianchang section; Lianhuo Expressway Anhui section (G30 Lianhuo Expressway Anhui section); National Trunk 205 Tianchang Section New Line; Ningxuanhang Expressway; Anqing Yangtze River Highway Bridge; and Yuewu Expressway Anhui section, among others; it provides toll collection services, road maintenance, safety operations, and ancillary activities such as pawn loans. All operations focus on the Anhui provincial market, serving vehicular traffic with revenue derived exclusively from mainland China customers. In March 2025, the company completed the acquisition of 100% equity interests in Anhui Fuzhou Expressway Co., Ltd. and Anhui Sixu Expressway Co., Ltd. from Anhui Transportation Holding Group Co., Ltd. for CNY 4.77 billion, expanding its toll road assets. In October 2025, it entered into an agreement to acquire a 7% stake in Shandong Hi-Speed Group Co., Ltd. (SDHS) for approximately CNY 3.02 billion, aiming to deepen strategic cooperation in transportation infrastructure; earlier in 2025, it joined a consortium awarded the Bozhou-Dancheng Expressway Bozhou section project.