SHANDONG HI-SPEED ROAD&BRIDGE GROUP CO., LTD Class A

SHANDONG HI-SPEED ROAD&BRIDGE GROUP CO., LTD Class A

SSZSE:000498
6.18
CNY
-0.11
(-1.75%)
7.34BMarket Cap
Oct 26Next Earn
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
6.39
6.11
6.62
7.27
11.06
13.63
21.95
28.87
36.92
42.81
42.51
37.74
35.75
- -
Basic EPS, GAAP
0.23
0.28
0.34
0.38
0.51
0.6
0.54
1.12
1.37
1.63
1.33
1.23
1.16
- -
Free Cash Flow per Basic Share
0.55
0.24
0.69
0.65
- -
0.32
-0.84
0.42
-1.85
-0.2
-3.22
-2.78
-0.4
- -
Dividend per Share
0.14
0.16
0.12
0.11
0.12
0.36
0.45
0.71
0.51
0.78
0.91
1.04
1.14
0.88
Book Value per Share
2.06
2.37
2.71
3.09
3.58
4.77
6.44
5.55
8.68
10.88
14.54
15.57
16.94
18.11
Tangible Book Value per Share
2.02
2.32
2.66
3.06
3.55
4.72
6.36
5.38
8.3
10.41
10.36
10.72
11.32
12.26
Basic Weighted Avg Shares
1,120
1,120
1,120
1,120
1,120
1,120
1,120
1,193
1,558
1,651
1,718
1,891
1,918
2,322
Sales/Revenue/Turnover
7,161
6,842
7,419
8,148
12,385
15,272
24,591
34,437
57,522
70,699
73,024
71,354
68,568
- -
Operating Margin (%)
5.65
6.96
7.7
9.12
9.03
6.69
5.36
5.72
6.96
7.01
7.4
7.68
8.8
- -
Depreciation Expense
128
92
61
112
95
91
131
216
600
740
670
688
742
- -
Net Income, GAAP
261
311
377
430
576
671
600
1,339
2,135
2,697
2,289
2,323
2,227
- -
Effective Tax Rate (%)
28.18
29.94
29.08
28.66
25.09
24.84
26.34
18.82
18.89
18.54
17.35
17.37
12.61
- -
Profit Margin (%)
3.65
4.55
5.08
5.27
4.65
4.4
2.44
3.89
3.71
3.82
3.13
3.26
3.25
- -
Working Capital
1,787
2,332
2,119
3,049
3,638
3,090
4,217
5,075
6,134
6,032
12,067
13,939
13,963
16,166
LT Debt
777
617
- -
1,300
2,525
2,432
4,842
6,532
7,212
11,241
17,207
23,962
22,254
23,412
Total Equity
2,306
2,656
3,040
3,471
4,065
6,710
10,217
12,894
20,013
25,226
32,673
35,389
42,838
43,862
Return on Invested Capital (%)
5.27
5.83
7.29
7.24
7.79
7
5.38
7.08
9.48
8.77
5.98
4.69
4.57
- -
Return on Capital (%)
8.03
8.31
9.3
8.77
9.16
8.69
4.29
7.4
7.28
6.92
4.9
4.1
2.93
- -
Return on Common Equity (%)
12.08
12.56
13.25
13.21
15.4
14.34
9.55
16.88
19.26
17.69
11.54
9.89
8.8
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,700
14,715
15,991
LT Borrowings
22,138
22,970
23,306
LT Finance Leases
116
100
106
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,552
1,552
1,552
Market Capitalization
9,361
9,066
7,343

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
129,097
124,477
131,402
Cash, Cash Equivalents & STI
9,364
8,356
8,704
Accounts Receivable, Net
21,908
22,724
22,965
Inventories
2,780
3,088
3,224
Total Current Liabilities
115,134
109,896
115,236
Payables & Accruals
- -
- -
- -
ST Debt
12,700
14,715
15,991
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.5%
28.03%
21.05%
Free Cash Flow
5,600.86%
151.59%
-85.59%
Net Income, GAAP
24.51%
13.61%
-4.12%
Sales/Revenue/Turnover
27.32%
17.41%
-3.9%
Total Cash Common Dividend
40.72%
22.75%
10.68%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,578
18,931
14,182
28,669
71,354
2025
9,764
18,811
- -
27,214
68,568
2026
8,875
16,481
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.5
0.28
0.56
1.23
2025
0.1
0.5
- -
0.53
1.16
2026
0.04
0.37
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.21
0.51
0.35
1.04
2025
0.16
0.11
- -
0.58
1.14
2026
0.13
0.35
- -
- -
- -

Company Description

CEO
Yu Fan Wan
Full Time Employees
30,033
Sector
Industrial services
Industry
Engineering & construction
Address
No. 14677, Jingshi Road Jinan SD China 250014
IPO Date
Jun 9, 1997
Website
sdlqgf.com
Business
Shandong Hi-Speed Road and Bridge Group Co., Ltd. (000498.SZ) engages primarily in road and bridge construction and infrastructure engineering in China and internationally. The company provides special grade general contracting for highway and municipal public engineering; grade I general contracting for building construction, water conservancy and hydropower, and electric power engineering; grade II general contracting for port and waterway, aviation, railway, and electromechanical engineering; and professional contracting for roadbeds, pavements, bridges, tunnels, and steel structures; along with maintenance projects, housing construction, harbor engineering, overseas projects, equipment manufacturing, design consultation, engineering survey, supervision, and foreign aid complete projects. Founded in 1948 and headquartered in Jinan, Shandong Province, it operates mainly in China with expanding international presence targeting transportation infrastructure markets. In recent developments, the company signed new contracts worth RMB 26.901 billion in the second quarter of 2025, boosting its uncompleted order backlog to RMB 108.268 billion. Its subsidiary, Shandong Hi-Speed Road and Bridge International, secured involvement in a major US$679 million phase of Kenya's Nairobi-Nakuru-Mau Summit highway expansion project in late 2025 under a public-private partnership structure. Additionally, a subsidiary participates in bidding for the Yiyuan-Zoucheng Expressway project valued at approximately RMB 10.2 billion, reflecting ongoing business expansion and high growth in new orders.