Anhui Expressway Company Class H ( (AUHEF) ) has released its Q4 earnings. Here is a breakdown of the information Anhui Expressway Company Class H presented to its investors.
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Anhui Expressway Company Limited, a joint stock company incorporated in China, operates in the transportation infrastructure sector, primarily focusing on the construction, management, and operation of expressways. The company has a diverse portfolio of expressways across Anhui Province and other regions.
Anhui Expressway Company Limited reported its financial results for the year ending December 31, 2024, showing a moderate increase in revenue but a slight decrease in total profit compared to the previous year. The company achieved a revenue of RMB 7,091.83 million, marking a 6.94% increase, while the total profit decreased by 1.86% to RMB 2,224.70 million.
Key financial highlights include a gross profit of RMB 2,416.61 million, a decrease from the previous year, and a net profit attributable to shareholders of RMB 1,668.98 million, reflecting a marginal increase. The company’s toll revenue saw a decline of 5.23%, attributed to adverse weather conditions and traffic diversions. Despite these challenges, the Ningxuanhang Expressway reported a significant increase in toll revenue by 56.50% due to improved inter-provincial connectivity.
The company’s balance sheet remains robust, with total assets increasing to RMB 24,452.64 million. The company continues to invest in its infrastructure, with significant capital expenditures planned for concession intangible assets and property development. The board has proposed a final dividend of RMB 0.604 per share, subject to shareholder approval.
Looking ahead, Anhui Expressway Company Limited remains focused on optimizing its expressway operations and expanding its investment portfolio. The management anticipates continued growth opportunities in the expressway sector, driven by strategic investments and favorable policy measures, despite the challenges posed by external factors such as weather and competitive road networks.