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Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) has shared an update.
Qilu Expressway Co., Ltd. has issued a profit warning for the first half of 2025, reporting a significant 61.98% decrease in revenue compared to the same period in 2024, primarily due to reduced construction business revenue. However, toll income increased by 70.03% following the completion of the Jihe Expressway reconstruction, which resumed two-way traffic. Despite the increase in toll income, the company’s net profit decreased by 21.62%, attributed to higher depreciation, amortization, and financial costs after the project completion. The financial information is preliminary and subject to change, urging stakeholders to exercise caution.
More about Qilu Expressway Co., Ltd. Class H
Qilu Expressway Co., Ltd. operates within the infrastructure sector, focusing primarily on expressway management and toll collection services. The company is involved in construction projects and has a market focus on transportation infrastructure within China.
Average Trading Volume: 105,355
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$4.22B
For a thorough assessment of 1576 stock, go to TipRanks’ Stock Analysis page.