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Guangdong Provincial Expressway Development Co., Ltd. Class A

Guangdong Provincial Expressway Development Co., Ltd. Class A

9.34
HKD
+0.05
(+0.54%)
1.00EPS
13.06P/E
32.67BMarket Cap
Oct 27Next Earn
Guangdong Provincial Expressway Development Co., Ltd. Class A
SZSE:200429
(Shenzhen Stock Exchange)

Recent

price

9.34

P/E

ratio

13.06

div

yld

1.25%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.48
0.51
0.53
0.62
0.69
0.92
0.88
0.88
0.92
1.43
1.1
1.51
1.2
1.4
1.32
1.28
1.77
Revenue per Share
0.19
0.1
0.08
0.06
0.15
0.24
0.31
0.43
0.48
0.42
0.25
0.49
0.37
0.47
0.45
0.52
0.62
Basic EPS, GAAP
-0.18
-0.1
-0.25
0.15
0.34
0.55
0.45
0.51
0.31
0.65
0.57
0.9
0.54
0.66
0.35
0.32
- -
Free Cash Flow per Basic Share
0.19
0.2
0.23
0.23
0.23
0.21
0.17
0.28
0.38
0.47
0.35
0.26
0.41
0.33
0.4
0.38
0.1
Dividend per Share
2.05
1.96
2.04
2.02
2.4
2.8
2.38
2.59
2.75
3.03
2.28
2.58
2.61
2.83
3.01
3.19
3.04
Book Value per Share
2.02
1.94
2.02
2.02
2.39
2.79
2.38
2.59
2.75
3.03
2.19
2.5
2.53
2.76
2.95
3.14
2.99
Tangible Book Value per Share
2,088
2,124
2,092
2,129
2,124
2,899
3,207
3,494
3,492
3,496
3,442
3,497
3,486
3,489
3,470
3,489
2,424
Basic Weighted Avg Shares
1,002
1,078
1,106
1,328
1,455
2,658
2,825
3,089
3,219
4,999
3,790
5,288
4,169
4,879
4,570
4,470
4,294
Sales/Revenue/Turnover
32.73
24.15
20.52
12.95
26.52
42.67
46.5
52.97
54.06
56.65
50.48
58.87
56.8
60.14
59.49
59.42
58.34
Operating Margin (%)
247
380
388
677
577
846
892
826
810
1,211
1,036
1,276
1,052
1,159
1,072
1,031
- -
Depreciation Expense
388
217
176
128
319
696
1,001
1,510
1,677
1,469
868
1,700
1,276
1,634
1,562
1,801
1,506
Net Income, GAAP
11.34
9.11
13.8
- -
12.9
22.04
21.14
9.8
9.27
23.85
26.48
23.26
23.4
24
24.19
21.37
23.46
Effective Tax Rate (%)
38.76
20.11
15.9
9.63
21.91
26.19
35.44
48.88
52.1
29.39
22.9
32.16
30.62
33.49
34.18
40.3
35.07
Profit Margin (%)
-727
-507
-1,804
-467
-470
-609
1,127
413
-789
1,624
481
1,980
2,910
3,420
2,861
6,005
4,807
Working Capital
4,367
5,101
5,159
5,991
5,391
4,831
5,403
4,744
2,983
5,604
6,416
6,003
6,995
6,708
6,731
10,036
10,333
LT Debt
4,800
4,756
5,112
5,053
5,871
7,117
8,844
9,454
10,047
12,697
10,233
11,321
11,369
12,409
13,196
14,204
14,075
Total Equity
4.88
3.23
1.95
- -
3.03
6.73
7.82
10.64
12.12
12.36
7.49
13.75
9.71
11.59
10.18
10.82
8.95
Return on Invested Capital (%)
5.25
3.99
3.64
- -
5.45
6.35
7.82
10.18
10.77
5.58
3.12
6.81
5.12
5.99
5.63
5.31
4.41
Return on Capital (%)
9.86
5.16
4.19
3
6.89
12.81
14.16
17.44
18.02
14.59
9.39
20.1
14.14
17.27
15.38
16.69
13.89
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
553
520
666
LT Borrowings
10,036
10,655
10,324
LT Finance Leases
- -
- -
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,483
3,483
3,483
Market Capitalization
27,260
27,738
28,268

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,267
7,848
7,522
Cash, Cash Equivalents & STI
6,545
7,044
6,827
Accounts Receivable, Net
97
127
91
Inventories
- -
- -
- -
Total Current Liabilities
1,262
1,603
2,715
Payables & Accruals
- -
- -
- -
ST Debt
553
520
666
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.86%
6.84%
7.64%
Free Cash Flow
6.08%
-2.58%
-7.42%
Net Income, GAAP
16.23%
21.98%
15.31%
Sales/Revenue/Turnover
7.78%
5.37%
-2.19%
Total Cash Common Dividend
13.09%
5.68%
-5.43%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,124
1,106
1,271
1,068
4,570
2025
1,050
1,068
- -
1,107
4,470
2026
1,078
1,041
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.21
0.24
0.1
0.45
2025
0.19
0.19
- -
0.12
0.52
2026
0.13
0.19
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.57
0.03
0.4
2025
0.02
0.02
- -
0.03
0.38
2026
0.02
0.03
- -
- -
- -
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Business
Guangdong Provincial Expressway Development Co., Ltd. engages in the investment, construction, and ongoing management of major expressways and bridges across the People's Republic of China. The company is deeply involved in operating and maintaining key transportation arteries, including the Guangfo, Fokai, Huiyan, Maozhan, Jiangzhong, Kangda, and Gankang Expressways, alongside the Jiujiang Bridge and the Guangzhu section of the Beijing-Zhuhai Expressway. Beyond its core infrastructure activities, the company diversifies its operations through investments in technology-driven industries and providing related advisory services. It also supports the public and commercial sectors with a range of auxiliary services such as vehicle rescue and maintenance, parking management, advertising solutions, property development along highway corridors, warehousing facilities, and the supply of essential spare parts. Established in February 1993 and headquartered in Guangzhou, China, the company operates as a subsidiary of Guangdong Communication Group Co., Ltd. Its operational strategy encompasses comprehensive toll collection and routine upkeep for the extensive road network under its purview. The company actively manages its portfolio, with recent events including the adoption of its Third Quarter 2025 report in late October 2025 and the receipt of performance compensation related to a significant asset restructuring from 2020 in mid-2024.