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Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) has issued an announcement.
Qilu Expressway Company Limited reported a 9.08% year-on-year rise in first-quarter 2026 revenue to RMB537 million, driven mainly by the accelerated commencement of operations at its wind power hybrid tower production base. However, toll income fell 3.03% to RMB416 million due to traffic diversion from surrounding road networks.
Net profit for the quarter declined 5% to RMB115 million, as the new wind power hybrid tower business is still in its initial stage and carries a relatively low gross margin, weighing on overall profitability. The balance sheet showed modest growth in total equity and non-current assets, while current assets and current liabilities both decreased, indicating shifts in the group’s short-term financial structure.
More about Qilu Expressway Co., Ltd. Class H
Qilu Expressway Company Limited is a Hong Kong-listed infrastructure operator based in Shandong, China, primarily engaged in toll road operations. The group has also expanded into manufacturing wind power hybrid towers, signaling diversification beyond traditional expressway revenue and a growing focus on renewable energy-related infrastructure.
Average Trading Volume: 92,264
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.7B
For detailed information about 1576 stock, go to TipRanks’ Stock Analysis page.