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The latest update is out from Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ).
Chengdu Expressway Co., Ltd. has approved a change in its accounting policy for government grants, shifting from the net method to the gross method from 1 January 2025 to better reflect its economic activities and enhance transparency and comparability of its financial statements. The retrospective adjustment for 2024 will lift reported total assets and deferred income by about RMB15.42 million and reclassify roughly RMB12.69 million of cost offsets as other income, without affecting prior-period revenue, profit or cash flows.
Separately, the company will revise the traffic flow assumptions used to amortize the concession right of Qiongming Expressway from 31 December 2025 after actual traffic in 2024–2025 diverged significantly from a 2023 forecast, leading to a more conservative amortization profile. This change in accounting estimate, applied prospectively, is expected to increase amortization of intangible assets in 2026 by about RMB5.87 million and reduce net profit and owners’ equity by around RMB4.99 million, signaling higher non-cash expenses that may modestly weigh on reported earnings but improve the accuracy of asset valuation for stakeholders.
The most recent analyst rating on (HK:1785) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
More about Chengdu Expressway Co., Ltd. Class H
Chengdu Expressway Co., Ltd. is a PRC-incorporated expressway operator whose core business centers on managing highway operating rights and related toll-road assets in and around Chengdu. The group derives its revenue from traffic-based usage of its concession roads, positioning it within China’s transport infrastructure and toll expressway sector, with performance closely tied to traffic flows and government policies.
Average Trading Volume: 34,454
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.38B
For detailed information about 1785 stock, go to TipRanks’ Stock Analysis page.