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Chengdu Expressway Co., Ltd. Class H (HK:1785)
:1785
Hong Kong Market

Chengdu Expressway Co., Ltd. Class H (1785) Price & Analysis

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1785 Stock Chart & Stats

HK$2.04
HK$0.00(0.00%)
At close: 4:00 PM EST
HK$2.04
HK$0.00(0.00%)

Bulls Say, Bears Say

Bulls Say
Margin SustainabilityConsistently strong gross (~36%) and net (~19%) margins indicate structural pricing power and low variable costs inherent in toll operations. Durable margins support resilient earnings through economic cycles and help sustain funding for maintenance, reinvestment and distributions over the medium term.
Asset-backed Business ModelExpressway operations are asset-backed with predictable, traffic-linked revenue and long-lived infrastructure. This business model generates relatively stable, recession-resistant cash flows and high barriers to entry, underpinning long-term operational stability and predictable service demand.
Growing Equity Supports ResilienceEquity growth over time bolsters capital buffers and reduces reliance on incremental debt financing. For a capital-intensive infrastructure operator, stronger equity improves financial flexibility to fund maintenance and projects without excessive leverage, supporting credit stability over months.
Bears Say
Weakened Cash GenerationOperating cash flow covering only ~39% of net income and a swing to negative free cash flow in 2025 represents material cash-conversion deterioration. For an infrastructure operator with ongoing capex, this constrains dividend capacity, raises near-term funding needs and increases reliance on external financing if persistent.
Rising LeverageDebt-to-equity rising to ~0.72 from ~0.55 tightens financial flexibility and raises interest and refinancing exposure. Higher leverage reduces headroom for cyclical shocks and increases the company's sensitivity to funding costs, complicating capital planning for maintenance and expansions.
Softening Revenue GrowthA 3.6% revenue decline in 2025 and falling net income versus prior years signal weakening demand or traffic trends. For a toll-based operator, sustained top-line softness can erode long-term cash flow projections, limit capacity to rebuild margins, and reduce funds for capital upkeep or strategic investments.

Chengdu Expressway Co., Ltd. Class H News

1785 FAQ

What was Chengdu Expressway Co., Ltd. Class H’s price range in the past 12 months?
Chengdu Expressway Co., Ltd. Class H lowest stock price was HK$1.95 and its highest was HK$2.39 in the past 12 months.
    What is Chengdu Expressway Co., Ltd. Class H’s market cap?
    Chengdu Expressway Co., Ltd. Class H’s market cap is HK$3.36B.
      When is Chengdu Expressway Co., Ltd. Class H’s upcoming earnings report date?
      Chengdu Expressway Co., Ltd. Class H’s upcoming earnings report date is May 05, 2026 which is in 28 days.
        How were Chengdu Expressway Co., Ltd. Class H’s earnings last quarter?
        Chengdu Expressway Co., Ltd. Class H released its earnings results on Mar 26, 2026. The company reported HK$0.057 earnings per share for the quarter, beating the consensus estimate of N/A by HK$0.057.
          Is Chengdu Expressway Co., Ltd. Class H overvalued?
          According to Wall Street analysts Chengdu Expressway Co., Ltd. Class H’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Chengdu Expressway Co., Ltd. Class H pay dividends?
            Chengdu Expressway Co., Ltd. Class H pays a Annually dividend of HK$0.109 which represents an annual dividend yield of 5.25%. See more information on Chengdu Expressway Co., Ltd. Class H dividends here
              What is Chengdu Expressway Co., Ltd. Class H’s EPS estimate?
              Chengdu Expressway Co., Ltd. Class H’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does Chengdu Expressway Co., Ltd. Class H have?
              Chengdu Expressway Co., Ltd. Class H has 456,102,020 shares outstanding.
                What happened to Chengdu Expressway Co., Ltd. Class H’s price movement after its last earnings report?
                Chengdu Expressway Co., Ltd. Class H reported an EPS of HK$0.057 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -1.471%.
                  Which hedge fund is a major shareholder of Chengdu Expressway Co., Ltd. Class H?
                  Currently, no hedge funds are holding shares in HK:1785
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Chengdu Expressway Co., Ltd. Class H Stock Smart Score

                    4
                    Neutral
                    1
                    2
                    3
                    4
                    5
                    6
                    7
                    8
                    9
                    10

                    Technicals

                    SMA
                    Negative
                    20 days / 200 days
                    Momentum
                    -5.49%
                    12-Months-Change

                    Fundamentals

                    Return on Equity
                    10.43%
                    Trailing 12-Months
                    Asset Growth
                    2.38%
                    Trailing 12-Months

                    Company Description

                    Chengdu Expressway Co., Ltd. Class H

                    Chengdu Expressway Co., Ltd. engages in the development, operation, and management of expressways located in Chengdu, Sichuan province, China. It operates in two segments, Expressway and Energy. As of March 24, 2022, the company owned five expressways, which include the Chengguan Expressway, Chengpeng Expressway, Chengwenqiong Expressway, Qiongming Expressway, and Chengdu Airport Expressway, and held equity interest in Chengbei Exit Expressway with a total network mileage of 202.37 kilometers. It is also involved in the retail of refined oil, and operation of compressed natural gas stations and vehicle charging facilities. The company was formerly known as Chengdu Chengguan Expressway Co., Ltd. and changed its name to Chengdu Expressway Co., Ltd. in 2016. The company was incorporated in 1998 and is headquartered in Chengdu, China. Chengdu Expressway Co., Ltd. is a subsidiary of Chengdu Expressway Construction and Development Co., Ltd.

                    Chengdu Expressway Co., Ltd. Class H (1785) Earnings & Revenues

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