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Jiangsu Expressway Co
(OTC:0177)
Jiangsu Expressway Co (0177) vs. S&P 500 (SPY)
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 | ||||
| 24.51B | 23.20B | 15.19B | 13.26B | 13.79B | 8.03B | Gross Profit |
| 6.11B | 6.10B | 5.61B | 4.41B | 5.01B | 3.35B | EBIT |
| 6.27B | 6.34B | 5.70B | 4.62B | 5.44B | 3.24B | EBITDA |
| 7.19B | 9.82B | 9.27B | 5.97B | 7.58B | 4.62B | Net Income Common Stockholders |
| 4.91B | 4.95B | 4.41B | 3.72B | 4.28B | 2.46B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.23B | 3.99B | 4.53B | 4.41B | 3.14B | 1.92B | Total Assets |
| 91.48B | 89.89B | 78.66B | 78.46B | 67.66B | 61.10B | Total Debt |
| 23.52B | 20.77B | 31.49B | 30.30B | 20.57B | 16.12B | Net Debt |
| 22.80B | 19.91B | 30.62B | 29.36B | 20.07B | 15.73B | Total Liabilities |
| 40.52B | 40.15B | 37.77B | 40.51B | 32.30B | 28.05B | Stockholders Equity |
| 39.63B | 38.60B | 33.99B | 31.94B | 30.23B | 28.21B |
| Cash Flow | Free Cash Flow | ||||
| ― | ― | 3.59B | 1.49B | 2.15B | ― | Operating Cash Flow |
| 0.00 | 6.32B | 7.39B | 5.53B | 5.47B | 3.14B | Investing Cash Flow |
| 499.87M | ― | ― | ― | -6.39B | ― | Financing Cash Flow |
| 6.29B | 3.08B | ― | 1.21B | 1.06B | 2.46B |
Jiangsu Expressway Co Technical Analysis
Jiangsu Expressway Co Peers Comparison
Jiangsu Expressway Co Corporate Events
Jiangsu Expressway Company Limited held its eleventh board meeting, where all 13 directors were present, and approved several key resolutions. These included the approval of the First Quarterly Report of 2025 and a capital increase for its subsidiary, Sujiaokong Clean Energy Jiangsu Co., Ltd., by RMB100 million. This capital increase aims to enhance the company’s clean energy investments, potentially strengthening its position in the energy sector.
Jiangsu Expressway Company Limited reported a 37.66% increase in operating income for the first quarter of 2025, reaching approximately RMB 4.78 billion. Despite this growth, the net profit attributable to shareholders slightly decreased by 2.88% compared to the previous year. The company’s total assets grew by 1.78%, and owners’ equity rose by 2.68%, indicating a stable financial position. These results reflect the company’s robust operational performance, although the slight decline in net profit suggests challenges in maintaining profitability amidst rising revenues.
Jiangsu Expressway Company Limited announced a related party transaction involving its subsidiary, Longtan Bridge Company, and Xiandai Transportation Company for the construction of steel guardrails on a bridge project. This transaction, which is under the common control of Jiangsu Communications Holding, is deemed a continuing connected transaction but does not require shareholders’ approval as it accounts for less than 0.5% of the company’s net assets. The directors believe the transaction is fair, reasonable, and in the company’s best interests, without affecting its independence or minority shareholders.
Jiangsu Expressway Company Limited has announced a final ordinary cash dividend of RMB 0.49 per share for the financial year ending December 31, 2024. The payment date is set for July 30, 2025, with further details on the Hong Kong dollar equivalent and other specifics to be announced. This announcement reflects the company’s financial health and commitment to returning value to shareholders, potentially enhancing its attractiveness to investors.
Jiangsu Expressway Company Limited has announced a board meeting scheduled for April 28, 2025, to approve the company’s first quarterly report for the period ending March 31, 2025. This meeting is significant as it will address the company’s financial performance and other related business matters, potentially impacting its strategic direction and stakeholder interests.
Jiangsu Expressway Company Limited has announced a series of ordinary related party transactions and continuing connected transactions with several entities, effective from May 2025. These agreements, which include services ranging from software development to road maintenance and energy management, are aimed at bolstering the company’s operational capabilities and enhancing its infrastructure services. The transactions are expected to strengthen the company’s market position and provide improved services to stakeholders, reflecting a strategic move to optimize resources and partnerships.
Jiangsu Expressway Company Limited has announced a final cash dividend of RMB 0.49 per share for the financial year ending December 31, 2024. The payment date for the dividend is set for July 30, 2025, with further details on shareholder approval and record dates to be announced. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders.
Jiangsu Expressway Company Limited has renewed its Financial Services Agreement with Jiangsu Communications Holding Group Finance Co., Ltd. for a term of three years starting April 2025. The agreement includes various financial services such as deposit, settlement, and financing services, with a maximum daily deposit balance capped at RMB500 million. The company is granted a comprehensive revolving credit of at least RMB5 billion without the need for security pledges, ensuring favorable interest rates compared to major banks. These transactions are categorized as related party transactions but are exempt from independent shareholders’ approval due to their compliance with Hong Kong Listing Rules.
Jiangsu Expressway Company Limited has released its preliminary announcement for the 2024 annual results, confirming the integrity and completeness of its financial disclosures. The company’s annual financial statements have been audited by KPMG, resulting in a standard unqualified auditor’s report, and are compliant with both PRC and Hong Kong accounting standards. This announcement underscores the company’s commitment to transparency and regulatory compliance, which is crucial for maintaining investor confidence and its position in the market.
Jiangsu Expressway Company Limited held its ninth board meeting of the eleventh session, where all 13 directors were present, and the meeting procedures complied with legal requirements. The board approved the 2024 Annual Report, the work report of the board of directors, and the general manager’s work report, all with unanimous votes, indicating strong alignment and operational transparency within the company.
Jiangsu Expressway Company Limited has announced its 2024 results presentation, scheduled for April 8, 2025, via a telephone video conference. The presentation aims to provide investors with a comprehensive understanding of the company’s 2024 operating conditions and address common investor concerns. This initiative reflects the company’s commitment to transparency and effective communication with its stakeholders, potentially impacting investor confidence and market perception.
Jiangsu Expressway Company Limited has approved a pro rata capital increase in its subsidiary, Wufengshan Toll Bridge Company, to address rising material costs and land acquisition adjustments in its North-South Road Connection Project. The capital increase will see Jiangsu Expressway contributing RMB108,517,200, increasing the registered capital of Wufengshan Toll Bridge Company to RMB4,994,593,800, with other shareholders participating proportionally. This move, classified as a connected transaction under Hong Kong Listing Rules, emphasizes Jiangsu Expressway’s strategic focus on enhancing its infrastructure capabilities amid changing economic conditions.