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Jiangsu Expressway Co
(0177)
Jiangsu Expressway Co (0177) vs. iShares MSCI Hong Kong ETF (EWH)
Jiangsu Expressway Co Business Overview & Revenue Model
Jiangsu Expressway Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.45B | 23.20B | 15.19B | 13.26B | 13.79B | 8.03B |
| Gross Profit | 6.40B | 6.10B | 5.61B | 4.41B | 5.01B | 3.35B |
| EBITDA | 6.56B | 9.82B | 9.27B | 7.72B | 7.58B | 5.30B |
| Net Income | 4.80B | 4.95B | 4.41B | 3.72B | 4.28B | 2.46B |
Balance Sheet | ||||||
| Total Assets | 101.49B | 89.89B | 78.66B | 78.46B | 67.66B | 61.10B |
| Cash, Cash Equivalents and Short-Term Investments | 4.00B | 3.99B | 4.53B | 4.41B | 3.14B | 1.92B |
| Total Debt | 36.41B | 20.77B | 31.49B | 30.30B | 20.57B | 16.12B |
| Total Liabilities | 44.30B | 40.15B | 37.77B | 40.51B | 32.30B | 28.05B |
| Stockholders Equity | 44.03B | 38.60B | 33.99B | 31.94B | 30.23B | 28.21B |
Cash Flow | ||||||
| Free Cash Flow | 1.67B | -4.49B | 3.59B | 1.49B | 2.15B | ― |
| Operating Cash Flow | 5.98B | 6.32B | 7.39B | 5.53B | 5.47B | 3.14B |
| Investing Cash Flow | -4.41B | -9.39B | ― | ― | -6.39B | ― |
| Financing Cash Flow | 1.94B | 3.08B | ― | 1.21B | 1.06B | 2.46B |
Jiangsu Expressway Co Technical Analysis
Jiangsu Expressway Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$26.85B | 10.95 | 14.89% | 5.08% | 5.50% | 11.50% | |
65 Neutral | HK$61.85B | 9.27 | 11.86% | 5.43% | 25.01% | 3.40% | |
64 Neutral | HK$3.72B | 7.77 | 10.92% | 6.05% | -21.80% | -8.00% | |
64 Neutral | HK$3.40B | 6.36 | 10.26% | 5.25% | 3.78% | -17.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$19.42B | 9.36 | 8.89% | 5.82% | -20.02% | 42.97% | |
57 Neutral | HK$23.02B | 13.60 | 5.84% | 3.72% | 7.13% | -52.33% |
Jiangsu Expressway Co Corporate Events
Jiangsu Expressway’s controlling shareholder, Jiangsu Communications Holding, has increased its effective stake in the company to about 56.45% after its wholly owned subsidiary Jiangsu Yunshan Capital Management acquired 100,754,000 H shares through the Shanghai-Hong Kong Stock Connect between 9 September 2025 and 6 January 2026. The cumulative increase of 2 percentage points in equity, carried out via on-market purchases and not triggering a general offer, consolidates the controlling shareholder’s position but does not alter the company’s controlling structure or de facto controller, and is not expected to have a material impact on Jiangsu Expressway’s daily operations.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has announced the election of Mr. Zhang Xinyu as the employees’ representative director to serve on the company’s eleventh session board of directors, following a vote at the Employees Representative Congress on 31 December 2025. His appointment ensures that the proportion of senior management and employee representatives on the board remains below half of the total number of directors, confirming the company’s continued compliance with the Company Law of the People’s Republic of China, its Articles of Association and other relevant regulations.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has released an updated list of its board of directors, confirming the composition of executive, non-executive and independent non-executive members, with Wang Feng serving as executive director and general manager and Chen Yunjiang as chairman. The company also detailed the latest membership of its four key board committees—strategy, audit, remuneration and appraisal, and nomination—designating specific directors as conveners of each, a move that underscores the firm’s focus on corporate governance, strategic oversight and regulatory compliance as it manages its expressway operations and related infrastructure business.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has approved an increase in capital contribution to its subsidiary Jiangsu Danjin Expressway Co., Ltd., following resolutions passed at the eighteenth meeting of the eleventh session of its board of directors held on 30 December 2025. The board endorsed a total capital increase of RMB586.86 million for Danjin Company, of which Jiangsu Expressway will inject RMB128.18 million in cash while the remaining RMB458.69 million will be raised through a “construction contracting + equity investment” model to attract social capital, lifting Danjin’s registered capital from RMB5.24 billion to RMB5.83 billion. The move is set to strengthen the subsidiary’s funding structure for ongoing or future projects and deepen cooperation with private and social investors, and the executive director has been authorized to handle subsequent implementation, including signing the capital increase agreement and related documentation.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited plans to inject an additional RMB128.18 million into its controlled subsidiary Jiangsu Danjin Expressway Co., Ltd., following earlier capital contributions in 2025, to support the Danyang to Jintan section of the Fuli Expressway project. The move, undertaken jointly with partner Changzhou Transportation Holdings Group under existing capital contribution arrangements, aligns with Jiangsu provincial transportation development plans and is classified as a deemed disposal under Hong Kong listing rules but not as a related-party transaction, connected transaction or material asset restructuring, suggesting limited regulatory hurdles while reinforcing the company’s role in advancing regional expressway infrastructure.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited reported that its 2025 first extraordinary general meeting, held on 18 December 2025 in Nanjing, was duly convened in compliance with PRC Company Law and the company’s Articles of Association, with robust shareholder participation representing 75.82% of voting share capital across both A and H shares. All proposed resolutions, including the abolition of the Supervisory Committee, were passed without objection, with full attendance by all directors, supervisors and senior management, marking a significant change in the company’s governance structure that may streamline oversight mechanisms and align its corporate governance framework more closely with evolving regulatory and market practices.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway announced that its controlling shareholder, Jiangsu Communications Holding Co., Ltd., has increased its effective stake in the company through its wholly owned subsidiary, Jiangsu Yunshan Capital Management Co., Ltd. Yunshan Capital acquired 52,862,000 H shares of Jiangsu Expressway via centralized bidding on the Hong Kong market through the Shanghai-Hong Kong Stock Connect between 12 November and 17 December 2025, lifting the controlling shareholder group’s aggregate shareholding from 55.00% to 56.05%. The move tightens control by the state-owned parent without triggering a mandatory takeover bid, signaling continued strategic support and confidence in the company’s long-term prospects while leaving minority shareholder rights and existing commitments unaffected.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has announced the resignation of executive director Zhang Xinyu from the board and its strategy committee, effective 18 December 2025, as part of adjustments to the company’s corporate governance structure. Zhang will remain with the company in his roles as Deputy Secretary of the Party Committee and Chairman of the Labour Union, and the board emphasized that his departure from director-level duties will not affect the board quorum, day-to-day operations, business performance or debt-repayment capacity. In line with recently amended articles of association approved earlier this year, the company will promptly convene an employee representative meeting to elect a new employee director, while Zhang has confirmed he has no disagreement with the board and no further matters to report to shareholders.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has announced the current composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive directors, with Wang Feng serving as executive director and general manager and Chen Yunjiang as non-executive chairman. The company also set out the membership of its four key board committees—Strategy, Audit, Remuneration and Appraisal, and Nomination—clarifying leadership roles and committee assignments, a move that underscores its corporate governance structure and may give investors better visibility into oversight, risk control and strategic decision-making processes.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited’s board approved a significant capital increase to its subsidiary, Jiangsu Longtan Bridge Co., Ltd., amounting to RMB4,516.36 million, with the company contributing RMB3,269.64 million. This move supports the construction of the Nanjing Urban Circle Ring Expressway, a project with a total investment of RMB9,032.72 million. The initiative is expected to enhance the company’s infrastructure portfolio and strengthen its market position in the expressway industry, benefiting shareholders and stakeholders alike.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited announced a capital increase agreement with Longtan Bridge Company to fund the Ningyang Yangtze River Bridge Southern Connection Project. The total investment for the project is estimated at RMB9.03272 billion, with Jiangsu Expressway increasing its capital in Longtan Bridge Company by RMB3.26964 billion, raising its shareholding to approximately 63.80%. This transaction is classified as a discloseable and connected transaction under Hong Kong Listing Rules, highlighting the company’s strategic move to enhance its infrastructure portfolio and strengthen its market position.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has announced the convening of its 2025 First Extraordinary General Meeting (EGM) scheduled for December 18, 2025. The meeting will allow both on-site and online voting through the Shanghai Stock Exchange Online Voting System. This EGM is significant for stakeholders as it provides an opportunity to engage with the company’s governance and decision-making processes, potentially impacting future strategic directions and operations.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Co. has announced the closure of its register of members for H shares in preparation for its 2025 first extraordinary general meeting scheduled for December 18, 2025. This closure, from November 28 to December 18, 2025, is crucial for shareholders who wish to attend and vote at the meeting, as they must submit their transfer instruments and share certificates by November 27, 2025. This announcement is significant for stakeholders as it outlines the procedural requirements for participating in the company’s governance, potentially impacting shareholder engagement and decision-making processes.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited announced a change in the equity interests of its controlling shareholder, Jiangsu Communications Holding Company, and its concert parties, following the acquisition of additional shares by its subsidiary, Yunshan Capital. This acquisition increased the controlling shareholder’s stake from approximately 54.4511% to 55.0000%, reaching a significant threshold of 5% multiples. Despite this change, the company’s controlling shareholder and de facto controller remain unchanged, and the adjustment is not expected to impact the company’s daily operations or trigger a general offer.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited announced a pro rata capital increase of RMB2.64 billion to its subsidiary, Jiangsu Danjin Expressway Co., Ltd. This move is part of the company’s strategy to enhance the road network in southern Jiangsu by investing in the Danyang to Jintan Section of the Fuli Expressway Project. The transaction, which is exempt from certain listing rules, underscores the company’s commitment to infrastructure development and its strategic collaboration with Changzhou Transportation Holdings Group Co., Ltd.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has announced the abolition of its supervisory committee, with its functions being transferred to the audit committee of the board of directors. This move is part of a broader effort to enhance corporate governance and compliance with new legal frameworks in China. The changes will take effect following approval at the company’s general meeting, marking a significant shift in the company’s oversight structure.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited announced a pro rata capital increase in its controlled subsidiary, Jiangsu Danjin Expressway Co., Ltd., amounting to RMB2,636,555,840. This move is aimed at funding the construction of the Danyang to Jintan Section of the Fuli Expressway Project. The capital increase is part of a joint effort with Changzhou Transportation Holdings Group Co., Ltd., which will also contribute to the funding. The transaction is not considered a related party transaction or a material asset restructuring, and it has been approved by the company’s board of directors without needing a general meeting’s approval.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited announced a capital increase for its subsidiary, Jiangsu Xitai Expressway Co., Ltd., raising the registered capital by RMB5.6 billion to support the Xitai Project. This move, which involves new investors and existing shareholders, reduces Jiangsu Expressway’s equity interest from 50% to 47.5%, constituting a deemed disposal under Hong Kong Listing Rules. The transaction is classified as a discloseable and connected transaction, exempt from shareholders’ approval, indicating strategic alignment with provincial government goals and maintaining fair terms for all parties involved.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited held its sixteenth board meeting of the eleventh session, where all resolutions were approved unanimously. Key decisions included the approval of the Third Quarterly Report of 2025, the General Manager’s report on the company’s third-quarter work, and a significant capital increase for its subsidiary, Jiangsu Danjin Expressway Co., Ltd. The capital increase, amounting to RMB3,534,265,840, aims to enhance the subsidiary’s financial standing and operational capacity, potentially impacting the company’s market position and stakeholder interests positively.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has entered into an agreement with Micro Video Company and its subsidiary Yuanchuang Company for a digital transformation project at the Nanjing Toll Station of the Shanghai-Nanjing Expressway. This transaction, which involves machine room facility construction, network security optimization, and system software upgrades, is classified as a continuing connected transaction under Hong Kong Listing Rules. The transaction does not require shareholders’ approval and is deemed fair and reasonable, with no negative impact on the company’s independence or minority shareholders’ interests.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
Jiangsu Expressway Company Limited has announced a presentation of its third-quarter results for 2025, scheduled for October 31, 2025. The presentation will be held via telephone video conference, allowing investors to gain insights into the company’s performance and operational conditions. Investors are encouraged to submit questions in advance, which will be addressed during the session, highlighting the company’s commitment to transparency and investor engagement.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.