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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.92B | 2.89B | 2.60B | 2.70B | 2.01B |
| Gross Profit | 1.08B | 1.04B | 871.07M | 1.02B | 664.25M |
| EBITDA | 1.21B | 1.31B | 1.12B | 1.31B | 888.78M |
| Net Income | 519.52M | 618.77M | 490.15M | 614.65M | 341.38M |
Balance Sheet | |||||
| Total Assets | 9.04B | 9.25B | 9.13B | 9.16B | 9.07B |
| Cash, Cash Equivalents and Short-Term Investments | 1.91B | 2.26B | 1.89B | 1.89B | 1.76B |
| Total Debt | 2.55B | 2.75B | 2.65B | 3.10B | 3.31B |
| Total Liabilities | 3.45B | 3.95B | 4.21B | 4.56B | 4.90B |
| Stockholders Equity | 4.59B | 4.35B | 3.98B | 3.70B | 3.28B |
Cash Flow | |||||
| Free Cash Flow | 303.77M | 987.66M | 661.34M | 746.94M | 940.02M |
| Operating Cash Flow | 806.01M | 1.11B | 850.37M | 814.38M | 996.88M |
| Investing Cash Flow | -463.31M | -75.23M | -265.63M | -37.03M | 191.16M |
| Financing Cash Flow | -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 |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$3.51B | 6.11 | 11.55% | 5.13% | -2.20% | -12.73% | |
59 Neutral | AU$1.63B | 9.47 | 11.29% | 3.71% | 6.59% | 5.93% | |
| $3.63B | 8.64 | 14.00% | 6.61% | ― | ― | ||
| $788.63M | 8.61 | 5.60% | 0.98% | ― | ― | ||
| $2.40B | 8.94 | 8.46% | 6.53% | ― | ― | ||
| $3.27B | 12.67 | 5.52% | 8.79% | ― | ― | ||
69 Neutral | HK$4.30B | 8.18 | 12.09% | 7.65% | 23.94% | -9.82% |
Chengdu Expressway Co., Ltd. Class H Corporate Events
Chengdu Expressway Co., Ltd. has entered into major civil construction contracts for the Chengwenqiong Expressway Expansion Project, covering the TJ1 to TJ5 bidding sections. These transactions, involving subsidiaries of China Railway Group and Sichuan Road and Bridge Group, are significant under Hong Kong’s Listing Rules, requiring reporting and shareholder approval. However, the majority shareholder has provided written approval, negating the need for a general meeting.
Chengdu Expressway Co., Ltd. has announced a significant development in its Chengwenqiong Expressway Expansion Project with the signing of a civil construction contract for the TJ6 bidding section. The contract, valued at RMB779,814,935, was awarded to Xinjiang Beixin Road & Bridge Group and involves the construction of a 9.09-kilometer section featuring roadbase, bridges, and interchanges. This expansion aims to enhance the expressway’s capacity and efficiency, reflecting the company’s strategic focus on infrastructure development and its potential impact on regional connectivity.
Chengdu Expressway Co., Ltd. has entered into a major transaction with the Chongzhou Municipal People’s Government by signing the Land Requisition and Relocation Agreement for the Chongzhou Section. This agreement is considered fair and reasonable by the company’s board, aligning with the interests of the company and its shareholders, and is expected to have a significant impact on the company’s operations and market positioning.
Chengdu Expressway Co., Ltd. has announced the completion of the open tender process for the civil construction of the TJ1 and TJ6 sections of the Chengwenqiong Expressway Expansion Project. The successful bidders, Sichuan Transportation Construction Group Co., Ltd. and Xinjiang Beixin Road & Bridge Group Co., Ltd., are independent third parties. The company will enter into formal agreements with these parties, which may lead to discloseable or major transactions, subject to shareholder approval. This expansion project is significant for the company’s growth and infrastructure development in the region.
Chengdu Expressway Co., Ltd. has announced progress in the Chengwenqiong Expressway Expansion Project, a significant infrastructure initiative incorporated into multiple regional development plans. The project, which will expand the expressway to a two-way 8-lane standard, aims to enhance the company’s asset scale and operational sustainability. The tender for civil construction has been completed, with independent third-party companies winning bids totaling over RMB 3.49 billion. This expansion is expected to strengthen the company’s market position and improve its long-term development capabilities.
Chengdu Expressway Co., Ltd. announced the successful conclusion of its Annual General Meeting (AGM) held on May 15, 2025, where all proposed resolutions were approved by shareholders. Key outcomes include the approval of the 2024 financial reports, profit distribution plan, and the appointment of Deloitte Touche Tohmatsu as the auditor for 2025. The AGM also saw the election of Mr. Li Xiao as a non-executive director and authorized the board to issue bond-type financing instruments. These decisions are expected to reinforce the company’s financial management and strategic positioning in the infrastructure sector.
Chengdu Expressway Co., Ltd. has announced a proposed final dividend distribution for the year ending December 31, 2024, amounting to RMB 0.101 per share. The dividend will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.07692, with a payment date set for July 15, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may impact its financial positioning and stakeholder relations positively.
Chengdu Expressway Co., Ltd. has announced the composition of its board of directors, highlighting the roles and functions of its executive, non-executive, and independent non-executive directors. The board has established four committees, namely Audit and Risk Management, Nomination, Remuneration and Evaluation, and Strategy and Development, to enhance governance and strategic oversight. This structure is likely to impact the company’s operational efficiency and strategic direction positively.
Chengdu Expressway Co., Ltd. has released its unaudited financial results for the first quarter of 2025, showing a significant increase in current assets from the end of 2024. The announcement highlights the company’s compliance with regulatory requirements and provides stakeholders with insights into its financial health, potentially impacting its market positioning and investor confidence.
Chengdu Expressway Co., Ltd. has announced a proposed distribution of a final dividend of RMB 0.101 per share for the year ended December 31, 2024. The ex-dividend date is set for May 19, 2025, with the payment date scheduled for July 15, 2025. The company has also detailed the withholding tax implications for non-resident shareholders, indicating a 10% tax rate for enterprise shareholders registered outside the PRC. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.
Chengdu Expressway Co., Ltd. has announced its upcoming annual general meeting scheduled for May 15, 2025, where key resolutions will be considered. These include the approval of the 2024 financial reports, profit distribution, and the election of a new non-executive director. Additionally, the company seeks to grant a mandate to issue bond-type financing instruments up to RMB3,000 million to capitalize on market opportunities, which could enhance its financial flexibility and support future growth initiatives.
Chengdu Expressway Co., Ltd. has announced a board meeting scheduled for April 29, 2025, to review and approve the unaudited quarterly results for the first quarter of 2025. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and operational strategies, potentially impacting its market positioning and investor confidence.
Chengdu Expressway Co., Ltd. has announced the proposed appointment of Mr. Li Xiao as a non-executive director, pending shareholder approval. Mr. Li brings extensive experience in government and audit roles, which could enhance the company’s governance and oversight capabilities. His appointment is part of the company’s ongoing efforts to strengthen its board with experienced professionals, potentially impacting its strategic direction and stakeholder confidence.