Sichuan Expressway Company Limited

Sichuan Expressway Company Limited

SEXHF
Sichuan Expressway Company LimitedUS flagOther OTC
0.73
USD
- -
- -
2.58BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.33
2.71
3.14
2.7
2.61
1.95
2.1
1.79
2.97
3.46
3.81
3.39
2.69
2.29
Basic EPS, GAAP
0.33
0.32
0.33
0.34
0.29
0.28
0.35
0.22
0.61
0.2
0.39
0.48
0.47
0.33
Free Cash Flow per Basic Share
-0.94
-0.22
-0.75
0.24
0.06
0.6
0.11
-0.21
-0.67
-0.54
-0.49
0.21
0.27
-1.12
Dividend per Share
0.22
0.3
0.35
0.35
0.38
0.38
0.36
0.35
0.34
0.54
0.55
0.69
0.64
0.49
Book Value per Share
2
2.1
2.21
2.3
2.34
2.36
2.45
2.44
2.77
2.25
2.48
2.67
2.62
2.51
Tangible Book Value per Share
-1.9
-2.45
-3.33
-3.65
-3.48
-3.29
-3.02
-3.66
-3.61
-8.13
-10.83
-10.63
-9.82
-10.87
Basic Weighted Avg Shares
3,058
3,058
3,058
3,058
3,058
3,058
3,058
3,057
3,058
3,058
3,058
3,058
3,251
3,217
Sales/Revenue/Turnover
7,135
8,300
9,608
8,266
7,984
5,969
6,408
5,459
9,095
10,581
11,652
10,362
8,758
7,359
Operating Margin (%)
23.5
20.35
18.51
22.26
22.84
31.96
33.12
28.54
20.78
16.62
19.88
25.51
28.37
24.42
Depreciation Expense
517
549
593
649
826
852
867
920
953
1,176
1,252
1,260
1,284
- -
Net Income, GAAP
1,010
969
996
1,047
888
849
1,083
674
1,869
624
1,187
1,459
1,513
1,051
Effective Tax Rate (%)
17.63
17.71
19.95
20.79
25.37
25.24
22.62
26.07
14.77
26.89
19.34
17.62
18.72
20.12
Profit Margin (%)
14.16
11.68
10.36
12.67
11.13
14.23
16.9
12.36
20.54
5.9
10.19
14.08
17.28
14.28
Working Capital
1,568
2,068
1,919
1,498
1,006
2,126
694
-263
3,218
-516
-2,163
-1,360
2,010
-585
LT Debt
8,601
10,866
14,755
15,087
14,147
15,519
13,156
13,832
18,513
29,196
34,169
35,784
38,468
40,544
Total Equity
11,531
12,367
13,297
13,884
14,353
14,884
16,151
16,533
18,448
21,611
16,673
19,496
21,248
22,233
Return on Invested Capital (%)
7.06
5.9
5.17
4.81
4.38
4.47
5.01
3.39
4.37
2.79
3.47
3.87
3.39
2.28
Return on Capital (%)
9.03
7.03
5.97
5.78
5.75
5.56
6.33
4.18
8.11
2.57
4.35
4.41
4.06
2.99
Return on Common Equity (%)
17.03
15.46
15.11
15.19
12.53
11.82
14.7
9.02
23.47
8.14
16.4
18.51
18.13
12.61

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,383
2,273
LT Borrowings
- -
38,399
40,477
LT Finance Leases
- -
69
67
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
3,058
3,058
Market Capitalization
12,959
15,633
17,312

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
5,721
4,047
Cash, Cash Equivalents & STI
- -
4,387
2,582
Accounts Receivable, Net
- -
114
115
Inventories
- -
21
35
Total Current Liabilities
- -
3,711
4,632
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,383
2,273
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.42%
6.36%
8.99%
Free Cash Flow
39.58%
16.13%
34.83%
Net Income, GAAP
20.26%
45.45%
3.72%
Sales/Revenue/Turnover
1.64%
13.3%
-15.48%
Total Cash Common Dividend
8.13%
16.17%
-1.64%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,012
3,356
1,991
3,003
10,362
2025
1,989
2,276
- -
2,672
8,758
2026
2,411
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
- -
- -
- -
0.48
2025
0.15
- -
- -
- -
0.47
2026
0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
0.69
2025
0.09
- -
- -
- -
0.64
2026
0.09
- -
- -
- -
- -

Company Description

APIChat
CEO
Zuyi Luo
Full Time Employees
4,548
Sector
Industrials
Industry
Industrial - Infrastructure Operations
Address
252 Wuhouci Da Jie Chengdu People's Republic of China 610041
IPO Date
Feb 13, 2009
Website
cygs.com
Business
Sichuan Expressway Company Limited specializes in the investment, construction, operation, maintenance, and management of toll expressways, bridges, tunnels, and ancillary facilities, primarily within Sichuan Province, China. Its core business segments include expressway operations, construction services under service concession arrangements, transportation services such as advertising, property rental along expressways, gas station operations, and sale of oil products. Additionally, the company is engaged in the green energy sector and comprehensive development of resources along its routes. Major expressways under its control include the Chengle Expressway, Chengren Expressway, Chengbei Expressway, Suiguang/Suixi Expressway, Tianqiong Expressway, and the western section of the Rongcheng Second Bypass Expressway. Founded in 1997 and headquartered in Chengdu, Sichuan, the company operates a network of approximately 1,200 kilometers of toll highways with significant infrastructure assets in the region. In recent developments, Sichuan Expressway has announced a major acquisition related to the Chengya Expressway Expansion Project involving multiple significant construction contracts with China Huashi, Transportation Construction Group, Road & Bridge Group, and Gaolu IT. These transactions require shareholder approval due to their substantial scale, with an Extraordinary General Meeting scheduled for voting. The company also entered a strategic investment agreement with China Merchants Fund in 2024 to subscribe to an infrastructure fund managed by the latter, enhancing capital utilization and investment returns. Additionally, the company entered a new construction framework agreement for 2026 with its subsidiary Shudao Investment Group, covering construction works of expressways and related ancillary facilities such as toll stations, service areas, and energy infrastructure including charging piles. In September 2024, the Tianqiong Expressway line was officially opened, marking a significant operational milestone. Operational leadership changes were also noted in 2024 with the election of a new vice chairman. Sichuan Expressway Company Limited operates primarily in infrastructure and transportation industries, focusing on toll road investment, construction, and integrated services in western China. The firm targets government and private stakeholders requiring expressway infrastructure, transport logistics, and related energy services. Its diversified business model includes toll revenue generation, infrastructure construction contracts, energy business development, advertising, and ancillary businesses like property leasing along expressways. The company’s strategic moves in acquisitions and investment partnerships reflect a focus on expanding regional infrastructure capacity and optimizing asset operations, supporting the broader regional economic development plans in Sichuan and nearby provinces. Sichuan Expressway is publicly listed on the Hong Kong Stock Exchange (Ticker: 0107.HK) and offers a comprehensive portfolio encompassing expressway infrastructure investment, operation, energy, media, and financial investment activities. Its extensive expressway network and associated service offerings position it as a leading infrastructure enterprise in Southwestern China’s transportation sector. This description reflects the company’s main products and services and the latest major operational, investment, and strategic developments up to late 2025.