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Chengdu Expressway Co., Ltd. Class H
(1785)
Chengdu Expressway Co., Ltd. Class H (1785) vs. iShares MSCI Hong Kong ETF (EWH)
Chengdu Expressway Co., Ltd. Class H Business Overview & Revenue Model
Chengdu Expressway Co., Ltd. Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.02B | 2.92B | 2.89B | 2.60B | 2.70B | 2.04B |
| Gross Profit | 1.14B | 1.08B | 1.04B | 871.07M | 1.02B | 686.56M |
| EBITDA | 868.78M | 1.21B | 1.31B | 1.12B | 1.31B | 888.78M |
| Net Income | 512.26M | 519.52M | 618.77M | 490.15M | 614.65M | 341.38M |
Balance Sheet | ||||||
| Total Assets | 10.36B | 9.04B | 9.25B | 9.13B | 9.16B | 9.07B |
| Cash, Cash Equivalents and Short-Term Investments | 1.84B | 1.91B | 2.26B | 1.89B | 1.89B | 1.76B |
| Total Debt | 3.00B | 2.55B | 2.75B | 2.95B | 3.10B | 3.31B |
| Total Liabilities | 3.89B | 3.45B | 3.95B | 4.21B | 4.56B | 4.90B |
| Stockholders Equity | 5.35B | 4.59B | 4.35B | 4.02B | 3.70B | 3.28B |
Cash Flow | ||||||
| Free Cash Flow | -364.09M | 303.77M | 987.66M | 661.34M | 746.94M | 940.02M |
| Operating Cash Flow | 531.89M | 806.01M | 1.11B | 850.37M | 814.38M | 996.88M |
| Investing Cash Flow | -265.53M | -463.31M | -75.23M | -265.63M | -37.03M | 191.16M |
| Financing Cash Flow | -202.53M | -699.98M | -592.50M | -570.78M | -608.88M | -843.68M |
Chengdu Expressway Co., Ltd. Class H Technical Analysis
Chengdu Expressway Co., Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$7.63B | 10.05 | 5.94% | 5.26% | 7.04% | 7.64% | |
66 Neutral | HK$26.91B | 10.98 | 14.89% | 5.08% | 5.50% | 11.50% | |
64 Neutral | HK$3.41B | 6.39 | 10.26% | 5.25% | 3.78% | -17.34% | |
64 Neutral | HK$3.66B | 7.77 | 10.92% | 6.05% | -21.80% | -8.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$19.43B | 9.45 | 8.89% | 5.82% | -20.02% | 42.97% | |
57 Neutral | HK$22.84B | 13.76 | 5.84% | 3.72% | 7.13% | -52.33% |
Chengdu Expressway Co., Ltd. Class H Corporate Events
Chengdu Expressway Co., Ltd. has announced that its subsidiary Zhongyou Energy has entered into a new three-year refined oil framework agreement with the Chengdu Sales Branch of PetroChina, effective from 1 January 2026 to 31 December 2028, to replace the existing agreement that expires at the end of 2025. Under the deal, Zhongyou Energy may purchase designated types of refined oil from PetroChina’s Chengdu branch, and the arrangement is classified as a continuing connected transaction under Hong Kong listing rules because PetroChina is a substantial shareholder of Zhongyou Energy. The board and independent non-executive directors have endorsed the agreement as being on normal commercial terms and in the interests of the company and its shareholders, meaning it will be subject only to reporting and announcement requirements and will be exempt from the need for a circular, independent financial advice and independent shareholders’ approval. The renewed framework provides continuity in fuel supply and regulatory clarity for Chengdu Expressway’s operations, while formalizing ongoing cooperation with PetroChina at the subsidiary level.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has announced that its wholly owned Operation Company has entered into a new entrusted operation and management contract with Chengming Company for the Qiongming Expressway, replacing the existing agreement that expires on 31 December 2025. The new three‑year contract, effective from 1 January 2026 to 31 December 2028, covers comprehensive management of the expressway and its supporting facilities, including toll collection, system maintenance, road upkeep, asset management, safety operations, and unified personnel management, thereby consolidating Chengdu Expressway’s operational control over this key asset. As Chengming Company is a connected subsidiary, the arrangement constitutes a continuing connected transaction under Hong Kong Listing Rules; it will be subject to reporting, announcement and annual review requirements but is exempt from the need for a circular and independent shareholders’ approval, streamlining compliance while maintaining regulatory oversight for investors and other stakeholders.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. announced that, under its existing non-competition agreement with controlling shareholders Chengdu Communications Investment and Chengdu Communications Investment Transportation Construction and Management Group Co., Ltd., it has opted not to participate in the acquisition of 100% equity in Sichuan Tianfu Airport Expressway Co., Ltd., citing the project’s long loss-making period, significant financial impact, and the risk of higher leverage that could undermine the company’s financial stability and shareholder interests. Following the decision, the controlling shareholder Construction and Management Group proceeded as sole transferee to acquire Tianfu Airport Expressway from China Railway Group Limited and China Railway Construction Corporation Limited, making Tianfu Airport Expressway its wholly owned subsidiary and thus a connected person of Chengdu Expressway, which in turn transforms the existing expressway operation service contracts related to Tianfu Airport and the Pujiang–Dujiangyan section into continuing connected transactions requiring ongoing compliance with Hong Kong Listing Rules.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has announced the current composition of its board of directors, comprising three executive directors, three non-executive directors and three independent non-executive directors, reflecting a mix of management, shareholder and independent oversight in line with Hong Kong listing governance requirements. The company has also detailed the membership and chairmanship of its four key board committees—Audit and Risk Management, Nomination, Remuneration and Evaluation, and Strategy and Development—clarifying the allocation of responsibilities among directors and reinforcing its corporate governance structure for risk control, strategic planning and oversight of management performance.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has formalised the terms of reference for its Audit and Risk Management Committee, a specialised body under the board of directors tasked with strengthening corporate governance and safeguarding the interests of the company and its shareholders in line with PRC company law, Hong Kong listing rules and the company’s articles of association. The committee, composed mainly of independent non-executive directors with requisite accounting and financial expertise, is responsible for overseeing external auditor appointments, supervising internal audit policies, reviewing financial disclosures, and managing the company’s risk control framework for major decisions and events, signalling a more structured approach to audit oversight and risk management that may enhance transparency and regulatory compliance for investors and other stakeholders.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has formalised the terms of reference for its Remuneration and Evaluation Committee under the board of directors, in a move aimed at strengthening its appraisal and pay management system for directors and senior management and improving overall corporate governance. The committee, composed of three directors with a majority of independent non-executive directors and chaired by an independent non-executive director, is tasked with designing performance evaluation criteria, remuneration policies and standardized, transparent procedures for assessing and rewarding senior leadership, with all proposals submitted to the full board for approval and changes in its membership to be disclosed in line with listing rules, underscoring the company’s emphasis on regulatory compliance and governance transparency.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has formalised detailed terms of reference for its Board Nomination Committee to strengthen corporate governance and protect shareholders’ interests, in line with PRC company law, Hong Kong listing rules and the company’s articles of association. The committee, composed of three directors with a majority of independent non-executive directors and at least one member of a different gender, is tasked with setting selection standards and procedures for directors and senior management, identifying and assessing candidates, reviewing board structure and independence annually, and advising on appointments, reappointments and succession planning for key leadership roles, reinforcing board effectiveness and governance transparency for stakeholders.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has formalized the terms of reference for a newly established Strategy and Development Committee under its board of directors, aiming to strengthen long-term strategic planning, major investment decision-making and overall corporate governance. The three‑member committee, led by a chairman appointed by the board, will design the company’s strategic framework, review medium- and long-term development plans, scrutinize major financing and investment projects, and advise on capital operations, asset management, and corporate reorganizations that require board or shareholder approval, signaling a more structured and centralized approach to strategic decisions that may enhance oversight and decision quality for investors and other stakeholders.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has announced that the toll collection period for the Chengdu Shuangliu Airport Expressway, the main route connecting downtown Chengdu to Chengdu Shuangliu International Airport and operated through its 55%-owned subsidiary Chengdu Airport Expressway Co., Ltd., will expire at midnight on 26 December 2025, after which all vehicles using the road will be exempt from toll charges. The expressway generated RMB106.1 million in toll revenue in 2024, accounting for only a small portion of the company’s total toll revenue of RMB1.43 billion, and Chengdu Expressway expects that the cessation of tolls will not have a material impact on its overall financial performance, though it advises investors to remain mindful of investment risks as it implements the required transition measures.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd., a Hong Kong-listed expressway operator based in Chengdu, Sichuan Province, manages toll road and related transportation infrastructure in the PRC. At an extraordinary general meeting held on 23 December 2025, shareholders overwhelmingly approved special resolutions to abolish the company’s Supervisory Committee and amend its articles of association, as well as revise the rules of procedure for general meetings and the board of directors. Following these changes, the audit and risk management committee of the board, currently comprising three directors, will assume the duties and powers formerly exercised by the Supervisory Committee. The company stated that the termination of all supervisors’ terms will not affect normal operations or board functioning, with departing supervisors reporting no disagreements with the board, signaling a governance restructuring aimed at streamlining oversight without disrupting business stability.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has announced plans to abolish its Supervisory Committee and amend its Articles of Association and relevant procedural rules. This move is in response to changes in regulatory requirements and aims to streamline governance by transferring supervisory functions to the audit and risk management committee. The proposed changes also include appointing an employee director, optimizing board functions, and lowering the shareholding threshold for shareholder proposals. These amendments are intended to enhance corporate governance and align with current legal standards, potentially impacting shareholder engagement and company operations.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has announced its unaudited financial results for the nine months ended September 30, 2025. The company reported a detailed financial statement, including consolidated balance sheets and income statements, prepared in accordance with the China Accounting Standards for Business Enterprises. This announcement follows the successful issuance of medium-term notes earlier in 2023, highlighting the company’s ongoing financial transparency and regulatory compliance.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
Chengdu Expressway Co., Ltd. has announced a board meeting scheduled for October 28, 2025, to review and approve the unaudited quarterly results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its strategic decisions and stakeholder interests.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.