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Anhui Expressway Company
(OTC:0995)
Anhui Expressway Company (0995) vs. iShares MSCI Hong Kong ETF (EWH)
Anhui Expressway Company Business Overview & Revenue Model
Anhui Expressway Company Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.78B | 7.09B | 6.63B | 5.21B | 3.92B | 2.63B |
| Gross Profit | 2.66B | 2.45B | 2.62B | 2.25B | 2.34B | 1.33B |
| EBITDA | 2.63B | 3.28B | 3.40B | 3.13B | 3.28B | 2.24B |
| Net Income | 1.82B | 1.67B | 1.66B | 1.45B | 1.51B | 869.26M |
Balance Sheet | ||||||
| Total Assets | 30.14B | 24.41B | 21.74B | 21.30B | 19.92B | 16.24B |
| Cash, Cash Equivalents and Short-Term Investments | 5.65B | 4.78B | 3.95B | 4.73B | 4.32B | 3.40B |
| Total Debt | 13.30B | 7.88B | 5.96B | 6.70B | 5.17B | 2.31B |
| Total Liabilities | 16.78B | 9.55B | 7.62B | 7.80B | 7.98B | 4.33B |
| Stockholders Equity | 11.94B | 13.34B | 12.66B | 11.92B | 11.39B | 11.28B |
Cash Flow | ||||||
| Free Cash Flow | 140.25M | 280.46M | 536.98M | 621.72M | 1.67B | 1.20B |
| Operating Cash Flow | 1.53B | 2.63B | 2.65B | 1.94B | 2.10B | 1.70B |
| Investing Cash Flow | -1.31B | -1.96B | ― | ― | 200.18M | ― |
| Financing Cash Flow | 2.79B | 484.45M | -1.48B | 83.27M | ― | ― |
Anhui Expressway Company Technical Analysis
Anhui Expressway Company 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% |
Anhui Expressway Company Corporate Events
Anhui Expressway Company Limited has joined a consortium led by its controlling shareholder, Anhui Transportation Holding Group, to develop the S19 Huainan to Tongcheng Expressway (Shucheng to Tongcheng section), having received confirmation that the consortium’s bid of RMB 7.24 billion for the concession project was successful, with a 1,080-day construction period and a 354-month toll collection term. To implement the project, the consortium plans to establish an S19 joint venture company, and because several consortium members are associates of the controlling shareholder, the JV’s formation constitutes a connected transaction under Hong Kong listing rules; while the expected capital contribution triggers reporting and announcement requirements, it remains below the threshold that would require independent shareholders’ approval, and will be aggregated with earlier JV transactions for the S62 and S98 expressway projects for compliance purposes.
The most recent analyst rating on (HK:0995) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited obtained shareholder approval at its 30 December 2025 extraordinary general meeting to proceed with a major transaction involving the acquisition of partial shares in Shandong Hi-Speed Co., Ltd. The sole resolution, which ratified an earlier share transfer agreement with Shandong Hi-Speed Group Company Limited and authorized directors to execute all necessary implementation documents, was passed by a wide margin, with nearly 99% of votes cast in favour and attendance representing 69.55% of total voting shares, signaling strong shareholder backing for the expansion move and reinforcing the company’s strategic push to broaden its expressway-related investments.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has provided additional details on its previously announced Road Network Operation Service Agreements, clarifying the shareholding structure of Guangxuan Company and related entities, which are ultimately state-controlled through Xuancheng municipal authorities. The company also explained how the annual caps of RMB4.6 million for 2025 and RMB3 million for 2026 were set, noting that service fees of up to 0.33% of final revenue from network-settled tolls will be paid in instalments based on quarterly settlement, with the caps derived from historical and estimated toll revenue levels, thereby framing the financial scope and connected-transaction exposure of these arrangements for investors and other stakeholders.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has renewed its commercial arrangement for the operation of certain gas stations and associated land on its expressway network, signing a new Operating Lease Agreement with Expressway Petroleum, a subsidiary of its controlling shareholder Anhui Transportation Holding Group, for the period from 1 January 2026 to 31 December 2027. Under the deal, Expressway Petroleum will lease the relevant assets and land-use rights to operate fuel, natural gas, asphalt, chemical products and related businesses, paying fixed annual rent of RMB28,996,800 (totaling RMB57,993,600 over the term), with the lease structured on normal commercial terms and determined with reference to the previous lease, comparable market rents and the assets’ location and size; as a continuing connected transaction under Hong Kong listing rules, it is exempt from independent shareholders’ approval but remains subject to reporting, announcement and annual review requirements, underscoring the company’s ongoing reliance on related-party arrangements for ancillary expressway services.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has formally established a Human Resources and Remuneration Committee under its board of directors, defining its composition, authority and operating procedures in line with Chinese corporate law, stock exchange rules in Shanghai and Hong Kong, and the company’s articles of association. The committee will be responsible for formulating human resources development strategies, designing remuneration and incentive policies, and evaluating the performance, appointment and removal of directors, the general manager and other senior executives, with a majority of members required to be independent non-executive directors and at least one member of a different gender, signaling a move to strengthen corporate governance, independence and standardized oversight of management compensation and succession planning.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has established a Human Resources and Remuneration Committee under its board of directors, formalizing a dedicated body to oversee human resources development strategies, remuneration policies, incentive schemes and performance evaluation for directors, the general manager and other senior management. The newly approved terms of reference set out the committee’s composition, mandate and working procedures, including a requirement that the majority of members and the chair be independent non-executive directors, that at least one member be of a different gender, and that the committee may seek independent professional advice at the company’s expense, reflecting a push to strengthen corporate governance, board oversight and standardized HR and pay practices in line with Chinese and Hong Kong listing rules.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has formally established a Strategic Development and Investment Committee under its board of directors, with a detailed set of terms of reference designed to strengthen the company’s long-term planning, governance structure and oversight of major investments. The five-member committee, chaired by the board chairman and including at least one executive and one independent director, is tasked with setting strategic direction, formulating and monitoring implementation of corporate strategies, reviewing investment proposals, and advising the full board, with the company committing to provide sufficient resources and management support to enhance decision-making efficiency and ensure continuity of oversight even when membership changes.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has adjusted its corporate governance structure following shareholder approval to cancel its Supervisory Committee and revise its articles of association to introduce an employee director position elected by staff. In line with these changes, executive director Wu Changming resigned from his role as executive director and as a member of the human resources and remuneration committee, and on the same day was elected as the company’s first employee director by the employees’ representative meeting, with the board reappointing him to the human resources and remuneration committee. Wu, a senior economist and legal professional with extensive experience in Anhui’s transport and infrastructure sector and long-standing roles within the company and its parent group, continues to serve as deputy secretary of the Party Committee and executive deputy general manager, as well as holding directorships in several affiliated entities, indicating continuity in operational leadership while the company implements its new employee-participation governance model.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced the current composition of its board of directors, which includes executive, non-executive, independent non-executive and an employee director, reflecting a diversified governance structure aligned with listed-company standards in China. The company has also detailed the membership and leadership of its three key board committees—Strategic Development and Investment, Human Resources and Remuneration, and Audit—clarifying the distribution of oversight responsibilities among directors, a move that enhances transparency around corporate governance and may provide stakeholders with greater confidence in the company’s strategic decision-making and internal controls.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has formalised updated Terms of Reference for its Audit Committee, approved by the board on 26 December 2025, to strengthen the board’s decision‑making, enhance professional pre‑audit review, and improve its overall corporate governance framework. The revised charter clarifies that the Audit Committee, as a specialised committee under the board, is responsible for reviewing financial information and disclosures, overseeing and evaluating both external and internal audit work and internal controls, and exercising certain supervisory powers as provided under PRC company law, with direct reporting to the board. The document sets out the company’s obligation to provide sufficient resources and administrative support to the committee, establishes that all members must be non‑executive directors with a majority being independent non‑executive directors (including at least one with appropriate accounting or financial expertise), and requires the chair to be an independent non‑executive director, while imposing a two‑year cooling‑off period before former partners of the company’s existing audit firm may join the committee. It also aligns the committee’s term with that of the board and specifies that members automatically step down if they cease to be directors, reinforcing regulatory compliance and governance discipline that are important for investors and regulators monitoring the company’s risk management and disclosure practices.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited announced that Guangxuan Company has entered into two Road Network Operation Service Agreements with ATITC and Network Company. These agreements, effective from December 16, 2025, to December 31, 2026, involve services related to toll collection systems on toll roads. ATITC will handle ETC issuance and expressway service platform operations, while Network Company will manage toll clearing, settlement, and data services at a provincial level. This move is expected to enhance the operational efficiency of toll collection and data management for Anhui Expressway, potentially strengthening its market position.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced a major transaction involving the acquisition of partial shares in Shandong Hi-Speed Co., Ltd. This strategic move is expected to enhance Anhui Expressway’s market position and expand its influence in the infrastructure sector, potentially impacting stakeholders by broadening its operational scope and investment portfolio.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited announced a capital injection into Anhui Transportation Information Industry, increasing its equity interest from 10% to 36.76%. This transaction, involving a RMB95 million investment, is a connected transaction under the Listing Rules, exempt from independent shareholder approval but subject to reporting and review requirements.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced an Extraordinary General Meeting (EGM) scheduled for December 30, 2025, to discuss and approve a Share Transfer Agreement with Shandong Hi-Speed Group Company Limited. This meeting is significant as it involves the ratification of a major transaction that could impact the company’s strategic direction and stakeholder interests.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced new working procedures for its independent directors, aiming to enhance corporate governance. These procedures are designed to ensure that independent directors can perform their duties without any conflicts of interest, thereby safeguarding the interests of the company and its shareholders. The board will comprise at least one-third independent directors, with specific qualifications required for those with accounting expertise. This move is expected to strengthen the company’s governance structure and protect minority shareholders’ rights.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited announced the successful passing of several resolutions during its Extraordinary General Meeting held on November 28, 2025. Key resolutions included amendments to the Articles of Association, the Rules of Procedures of the General Meeting, the Rules of Procedures of the Board of Directors, and the Working Procedures for Independent Directors. These changes, which were approved by a significant majority of shareholders, aim to streamline the company’s governance structure and enhance operational efficiency.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited announced the acceptance of registration for its issuance of various debt financing instruments by the National Association of Financial Market Institutional Investors. This includes medium-term notes totaling RMB4 billion, super short-term commercial papers of RMB800 million, and short-term commercial papers of RMB200 million. The registration is valid for two years, allowing the company to issue these instruments in tranches, which could enhance its financial flexibility and support its operational and strategic initiatives.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced an Extraordinary General Meeting (EGM) scheduled for November 28, 2025, to discuss significant amendments to its Articles of Association and various procedural rules. These changes include the abolishment of the supervisory committee and adjustments to the company’s registered capital, which could impact the company’s governance structure and operational efficiency.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced the signing of 2025 Cost-sharing Agreements with several affiliated companies for projects including the construction of a remote dual-system disaster preparation center. These agreements, which involve sharing costs based on toll revenue ratios, are considered continuing connected transactions under Hong Kong’s Listing Rules. The projects also include upgrades to toll systems, cryptographic standards, and video cloud platforms, aiming to enhance the company’s operational resilience and technological capabilities.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced the publication of its 2025 Third Quarterly Report, which will be available on October 29, 2025, in designated newspapers in China. The report, prepared according to PRC Accounting Standards, covers the financial performance of the company and its subsidiaries for the three months ending September 30, 2025. The announcement underscores the company’s commitment to transparency and accuracy in financial reporting, which is crucial for maintaining stakeholder trust and compliance with regulatory requirements.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced proposed amendments to its Articles of Association and related procedural rules. These changes aim to align with updated regulatory requirements, abolish the supervisory committee, and enhance corporate governance by transitioning supervisory functions to the audit committee. The amendments will be subject to approval at an extraordinary general meeting.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced a major transaction involving the acquisition of 7% of the total issued share capital of Shandong Hi-Speed Co., Ltd. The acquisition, valued at approximately RMB3.02 billion, is subject to shareholder approval and compliance with Hong Kong Listing Rules. This strategic move is expected to enhance Anhui Expressway’s market position and expand its influence in the transportation infrastructure sector.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
Anhui Expressway Company Limited has announced that its board of directors will meet on October 28, 2025, to review and approve the unaudited financial results for the three quarters ending September 30, 2025. This meeting is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor confidence.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.