Huayu Expressway Group Limited (HK:1823)
:1823
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Huayu Expressway Group Limited
(1823)
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Rating:46Neutral
Price Target:
HK$1.50
▲(38.89% Upside)
Action:ReiteratedDate:04/24/26
The score is held down primarily by deteriorating financial performance, especially the sharp reversal into losses and the very weak/negative free cash flow in 2024–2025. Technicals are mixed but slightly supportive over longer horizons (price above key longer DMAs) while near-term momentum is neutral-to-soft. Valuation is constrained by a negative P/E, reflecting loss-making performance rather than clear undervaluation.
Positive Factors
Historical cash generation
The company demonstrated materially positive operating and free cash flow in 2020–2022, indicating the business model can generate strong cash when conditions normalize. That historical cash-generation track record supports recovery potential and funding for maintenance capex or deleveraging.
Negative Factors
Sharp profitability deterioration
A two-year swing from profit to deeper losses is structurally significant: it erodes retained earnings, undermines investor confidence and reduces resources available for reinvestment. Persistent losses can force strategic retrenchment, asset sales or external financing to sustain operations over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical cash generation
The company demonstrated materially positive operating and free cash flow in 2020–2022, indicating the business model can generate strong cash when conditions normalize. That historical cash-generation track record supports recovery potential and funding for maintenance capex or deleveraging.
Read all positive factors
Huayu Expressway Group Limited (1823) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$659.55M
Dividend YieldN/A
Average Volume (3M)180.40K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth-29.16%
EPS Growth-322.77%
CountryHK
Employees387
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)-0.09
Shares Outstanding471,108,000
10 Day Avg. Volume379,000
30 Day Avg. Volume180,400
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.58
Price to Sales (P/S)3.01
P/FCF Ratio-4.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Huayu Expressway Group Limited Business Overview & Revenue Model
Company Description
Huayu Expressway Group Limited, an investment holding company, invests in, builds, operates, and manages infrastructure projects in the People's Republic of China. It operates through three segments: Sui-Yue Expressway, Qing Ping Expressway, and L...
How the Company Makes Money
null...
Huayu Expressway Group Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
21
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 136.78M | 198.15M | 407.10M | 409.89M | 688.45M |
| Gross Profit | 21.93M | 39.50M | 115.01M | 119.69M | 208.43M |
| EBITDA | 9.11M | 19.84M | 79.93M | 134.09M | 194.75M |
| Net Income | -35.21M | -8.51M | 329.43M | 49.03M | 86.43M |
Balance Sheet | |||||
| Total Assets | 1.43B | 1.41B | 1.25B | 1.96B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 126.87M | 185.76M | 327.96M | 216.67M | 271.38M |
| Total Debt | 296.13M | 247.52M | 1.46M | 51.65M | 988.98M |
| Total Liabilities | 388.59M | 334.38M | 125.21M | 1.15B | 1.19B |
| Stockholders Equity | 714.41M | 751.14M | 803.83M | 518.17M | 470.67M |
Cash Flow | |||||
| Free Cash Flow | -100.72M | -428.07M | 8.18M | 170.34M | 171.82M |
| Operating Cash Flow | 12.17M | -250.52M | 63.08M | 198.70M | 202.53M |
| Investing Cash Flow | -115.52M | -93.54M | 153.32M | -116.62M | -141.88M |
| Financing Cash Flow | 46.02M | 217.46M | -157.96M | -94.42M | 12.28M |
Huayu Expressway Group Limited Technical Analysis
Neutral
1.08
Price Trends
1.56
Positive
1.34
Positive
1.15
Positive
Market Momentum
0.03
Positive
48.29
Neutral
39.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1823, the sentiment is Neutral. The current price of 1.08 is below the 20-day moving average (MA) of 1.72, below the 50-day MA of 1.56, and below the 200-day MA of 1.15, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.29 is Neutral, neither overbought nor oversold. The STOCH value of 39.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1823.
Huayu Expressway Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$30.57B | 10.40 | 14.74% | 5.08% | -5.31% | 10.69% | |
65 Neutral | HK$3.40B | 6.01 | 10.60% | 5.25% | 1.17% | -0.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$20.52B | 8.52 | 7.54% | 5.82% | -16.28% | -1.83% | |
60 Neutral | HK$3.72B | 4.38 | 6.26% | 6.05% | -66.15% | -21.01% | |
55 Neutral | HK$24.21B | 8.30 | 4.88% | 3.72% | 4.71% | -4.62% | |
46 Neutral | HK$659.55M | -8.16 | -4.98% | ― | -29.16% | -322.77% |
* Industrials Sector Average
HK:1823
Huayu Expressway Group Limited
1.40
1.01
258.97%
HK:0995
Anhui Expressway Company
15.74
4.89
45.08%
HK:0107
Sichuan Expressway Co
5.76
1.68
41.25%
HK:0548
Shenzhen Expressway Co
7.50
1.12
17.46%
HK:1576
Qilu Expressway Co., Ltd. Class H
1.86
-0.07
-3.63%
HK:1785
Chengdu Expressway Co., Ltd. Class H
2.05
-0.11
-5.09%
Huayu Expressway Group Limited Corporate Events
Huayu Expressway Sets 2026 AGM to Seek Director Re-election and Share Mandates
Apr 20, 2026
Huayu Expressway Group Limited has called its annual general meeting for 3 June 2026 in Shenzhen, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider the re-election of three retiring di...
Huayu Expressway Swings to Deeper Loss as Revenue Slides in 2025
Mar 26, 2026
Huayu Expressway Group Limited reported a sharp decline in performance for the year ended 31 December 2025, as revenue fell to RMB140.4 million from RMB198.1 million and gross profit nearly halved amid lower traffic-related income and persistent c...
Huayu Expressway Sets March Board Meeting to Approve 2025 Results
Mar 16, 2026
Huayu Expressway Group Limited has scheduled a board meeting in Hong Kong for 26 March 2026 to review and approve the audited annual results for the year ended 31 December 2025. The board will also consider the publication of these results and whe...
Huayu Expressway Issues Profit Warning on Slump in China Consumer Demand
Mar 12, 2026
Huayu Expressway Group Limited has warned investors that it expects a sharp deterioration in its 2025 financial performance, flagging a year-on-year revenue decline to about RMB138.6 million–RMB153.2 million from RMB198.1 million in 2024. Th...
Huayu Expressway Raises HK$50.6 Million Through Share Placement
Mar 5, 2026
Huayu Expressway Group Limited has completed a placing of 58.5 million new shares under its general mandate at HK$0.88 per share, expanding its issued share capital to 471.1 million shares. The new shares, representing about 12.42% of the enlarged...
Huayu Expressway Seeks Share Placing to Ease Liquidity Strain from Winery Build and Slow Wine Sales
Mar 2, 2026
Huayu Expressway Group Limited has issued a supplemental announcement explaining its plan to place up to 58.5 million new shares under a general mandate to bolster liquidity. Although the group reported substantial net current assets and net asset...
Huayu Expressway Plans Discounted Share Placing to Raise HK$51.5 Million
Feb 11, 2026
Huayu Expressway Group Limited has agreed to place up to 58.5 million new shares under its existing general mandate through First Shanghai Securities as sole placing agent, at HK$0.88 per share. The placing shares will represent about 14.18% of th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.