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Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) has issued an update.
Qilu Expressway Co., Ltd. reported a 13.74% decline in revenue for the first quarter of 2025 compared to the same period in 2024, primarily due to decreased construction business revenue. However, toll income increased significantly by approximately 70.60%, attributed to the completion of the Jihe Expressway reconstruction, which enabled the resumption of two-way traffic. Despite the revenue drop, the company’s net profit only slightly decreased by 1.16%, impacted by higher depreciation, amortization, and financial expenses related to the expressway project. The financial information provided has not been audited, and stakeholders are advised to exercise caution.
More about Qilu Expressway Co., Ltd. Class H
Qilu Expressway Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily engaged in the operation and management of expressways. The company focuses on generating revenue through toll income and construction projects, positioning itself within the infrastructure and transportation sector.
YTD Price Performance: -8.26%
Average Trading Volume: 129,922
Technical Sentiment Signal: Hold
Current Market Cap: HK$4.22B
See more data about 1576 stock on TipRanks’ Stock Analysis page.