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Zhejiang Expressway Co., Ltd. logo

Zhejiang Expressway Co., Ltd.

0576.HK

HKSEIndustrialsIndustrial - Infrastructure Operations

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Latest quote

HK$6.43

+HK$0.03 · +0.47%

Aug 24, 11:55 AM HKT

0576.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Zhejiang Expressway Co., Ltd. functions as an investment holding entity primarily engaged in China's road infrastructure sector. Its comprehensive activities span the investment, construction, management, and maintenance of high-grade thoroughfares throughout the People's Republic. The company's business is structured into several key divisions: Toll Operations, which manages and collects fees from these expressways; Securities Operations, offering a broad spectrum of financial services such as brokerage for securities and futures, margin lending, underwriting, asset management, advisory, and proprietary trading; and the Others segment, which includes hotel management, new road construction projects, investments in other financial institutions, and various auxiliary services. Additionally, the company provides essential support services like vehicle towing, repairs, and emergency roadside assistance. Founded in 1997 and based in Hangzhou, PRC, Zhejiang Expressway Co., Ltd. is a subsidiary of Zhejiang Communications Investment Group Co., Ltd.

Industry
Industrial - Infrastructure Operations
Sector
Industrials
Headquarters
CN
CEO
Qiming Wang
Listed since
May 15, 1997
Employees
11,680

Market position

Day range

Current HK$6.43

52-week range

Current HK$6.43

Open
HK$6.365
Previous close
HK$6.40
Volume
2.33M
0.35× average
Average volume
6.7M
Average daily volume
Market cap
38.66B HKD
Beta
0.17
Market reference 1
50-day average
HK$6.3945
+0.56% above average
200-day average
HK$7.016
-8.35% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
54.33B CNY
P/E (TTM)
6.41×
P/B (TTM)
0.64×
P/S (TTM)
1.61×
EV / EBITDA
5.29×
Earnings yield
13.40%
Free cash flow yield
6.46%
Dividend yield
6.96%

Profitability & efficiency

Gross margin
33.53%
Operating margin
32.43%
Net margin
24.92%
Return on equity
10.29%
Return on assets
1.77%
Return on invested capital
2.50%

Financial health

Debt / equity
0.84×
Current ratio
1.32×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%38%32%25%Gross margin, FY2021: 41.45%Gross margin, FY2022: 38.92%Gross margin, FY2023: 42.44%Gross margin, FY2024: 40.15%Gross margin, FY2025: 34.30%Operating margin, FY2021: 40.31%Operating margin, FY2022: 37.76%Operating margin, FY2023: 41.34%Operating margin, FY2024: 39.64%Operating margin, FY2025: 33.32%Net margin, FY2021: 29.28%Net margin, FY2022: 33.78%Net margin, FY2023: 30.79%Net margin, FY2024: 30.45%Net margin, FY2025: 26.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.45%. Gross margin FY2022 38.92%. Gross margin FY2023 42.44%. Gross margin FY2024 40.15%. Gross margin FY2025 34.30%. Operating margin FY2021 40.31%. Operating margin FY2022 37.76%. Operating margin FY2023 41.34%. Operating margin FY2024 39.64%. Operating margin FY2025 33.32%. Net margin FY2021 29.28%. Net margin FY2022 33.78%. Net margin FY2023 30.79%. Net margin FY2024 30.45%. Net margin FY2025 26.95%.

Income trends

Revenue

19.24B CNY+6.53%

Operating income

6.41B CNY-10.45%

Net income

5.19B CNY-5.72%
Income trends across reported periods20.69B CNY14.9B CNY9.11B CNY3.31B CNYRevenue, FY2021: 16.26B CNYRevenue, FY2022: 15.33B CNYRevenue, FY2023: 16.97B CNYRevenue, FY2024: 18.06B CNYRevenue, FY2025: 19.24B CNYOperating income, FY2021: 6.56B CNYOperating income, FY2022: 5.79B CNYOperating income, FY2023: 7.01B CNYOperating income, FY2024: 7.16B CNYOperating income, FY2025: 6.41B CNYNet income, FY2021: 4.76B CNYNet income, FY2022: 5.18B CNYNet income, FY2023: 5.22B CNYNet income, FY2024: 5.5B CNYNet income, FY2025: 5.19B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.26B CNY. Revenue FY2022 15.33B CNY. Revenue FY2023 16.97B CNY. Revenue FY2024 18.06B CNY. Revenue FY2025 19.24B CNY. Operating income FY2021 6.56B CNY. Operating income FY2022 5.79B CNY. Operating income FY2023 7.01B CNY. Operating income FY2024 7.16B CNY. Operating income FY2025 6.41B CNY. Net income FY2021 4.76B CNY. Net income FY2022 5.18B CNY. Net income FY2023 5.22B CNY. Net income FY2024 5.5B CNY. Net income FY2025 5.19B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue19.24B CNY18.06B CNY16.97B CNY15.33B CNY16.26B CNY
Cost of goods sold12.64B CNY10.81B CNY9.77B CNY8.86B CNY9.52B CNY
Gross profit6.6B CNY7.25B CNY7.2B CNY5.97B CNY6.74B CNY
Selling, general, and administrative146.93M CNY160.89M CNY183.98M CNY172.62M CNY173.45M CNY
Operating expenses187.04M CNY91.41M CNY183.65M CNY102.87M CNY122.29M CNY
Interest income3.21B CNY474.17M CNY360.69M CNY144.27M CNY119.03M CNY
Interest expense1.51B CNY1.74B CNY2.1B CNY1.89B CNY1.94B CNY
Depreciation and amortization3.86B CNY3.81B CNY3.48B CNY3.56B CNY3.07B CNY
Operating income6.41B CNY7.16B CNY7.01B CNY5.79B CNY6.56B CNY
Net income5.19B CNY5.5B CNY5.22B CNY5.18B CNY4.76B CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.25

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.30.260.220.18Q1 '24Q2 '24Q3 '24Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q1 2024, reported Mar 25, 2024: actual 0.216, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 30, 2024: actual 0.247, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 0.231, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 0.265, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual 0.236, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 0.251, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual 0.211, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 0.248, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates6.41B5.64B4.86B4.08BQ2 '24Q3 '24Q4 '24Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q2 2024, reported Apr 30, 2024: actual 4.33B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 4.69B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 31, 2024: actual 5.1B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 4.68B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual 4.73B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 5.95B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual 6.17B HKD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 6.05B HKD, estimate —, surprise —, Comparison unavailable.

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ETFs holding 0576.HK

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Global Infrastructure ETF logoiShares Global Infrastructure ETFIGF
Market value
55.97M
Weight
0.53%
AUM
10.5B USD
Expense ratio
0.37%
Price / 1D
$65.41-0.61%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
20.57M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
20.3M
Weight
0.01%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
9.36M
Weight
0.03%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
State Street SPDR S&P Emerging Markets Dividend ETF logoState Street SPDR S&P Emerging Markets Dividend ETFEDIV
Market value
8.74M
Weight
0.71%
AUM
1.23B USD
Expense ratio
0.49%
Price / 1D
$42.16+0.52%
iShares Emerging Markets Dividend ETF logoiShares Emerging Markets Dividend ETFDVYE
Market value
6.11M
Weight
0.49%
AUM
1.26B USD
Expense ratio
0.50%
Price / 1D
$35.45+1.81%
State Street SPDR Portfolio Emerging Markets ETF logoState Street SPDR Portfolio Emerging Markets ETFSPEM
Market value
5.2M
Weight
0.03%
AUM
17.57B USD
Expense ratio
0.07%
Price / 1D
$52.38+0.61%
State Street SPDR S&P Global Infrastructure ETF logoState Street SPDR S&P Global Infrastructure ETFGII
Market value
4.93M
Weight
0.52%
AUM
943.35M USD
Expense ratio
0.40%
Price / 1D
$74.495-0.53%

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