Qilu Expressway Company Limited logo

Qilu Expressway Company Limited

1576.HK

HKSEIndustrialsIndustrial - Infrastructure Operations

Latest quote

HK$1.68

+HK$0.02 · +1.20%

Aug 24, 9:20 AM HKTData delayed

1576.HK company overview

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Company profile

Company website

Qilu Expressway Company Limited, along with its associated entities, is primarily engaged in the operation and management of expressways across the People's Republic of China. The company's core activities involve the development, upkeep, and daily administration of significant road networks. These include the Jihe Expressway, a vital route spanning approximately 153.6 kilometers connecting Jinan City and Heze City in Shandong Province; the Deshang Expressway, which covers around 68.942 kilometers in Henan Province; and the Shennan Expressway, extending for roughly 18.267 kilometers, also situated in Henan Province. Beyond its main infrastructure business, the firm also produces and distributes outdoor advertisements, supplies construction materials, and provides specialized construction contracting services. Established in 2004, Qilu Expressway Company Limited, formerly known as Shandong Jihe Expressway Company Limited, maintains its corporate headquarters in Jinan, China.

Industry
Industrial - Infrastructure Operations
Sector
Industrials
Headquarters
CN
CEO
Peng Duan
Listed since
Jul 19, 2018
Employees
678

Market position

52-week range

Current HK$1.68

Open
HK$1.68
Previous close
HK$1.66
Volume
4K
0.13× average
Average volume
30.03K
Average daily volume
Market cap
3.36B HKD
Beta
0.38
Market reference 1
50-day average
HK$1.6672
+0.77% above average
200-day average
HK$1.7686
-5.01% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
14B CNY
P/E (TTM)
7.59×
P/B (TTM)
0.46×
P/S (TTM)
1.22×
EV / EBITDA
10.11×
Earnings yield
11.63%
Free cash flow yield
-10.57%
Dividend yield
8.21%

Profitability & efficiency

Gross margin
34.53%
Operating margin
29.85%
Net margin
16.37%
Return on equity
6.02%
Return on assets
1.83%
Return on invested capital
2.90%

Financial health

Debt / equity
1.77×
Current ratio
0.47×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends72%49%25%1%Gross margin, FY2021: 66.34%Gross margin, FY2022: 39.55%Gross margin, FY2023: 14.48%Gross margin, FY2024: 10.55%Gross margin, FY2025: 34.50%Operating margin, FY2021: 62.78%Operating margin, FY2022: 36.57%Operating margin, FY2023: 12.54%Operating margin, FY2024: 8.99%Operating margin, FY2025: 29.82%Net margin, FY2021: 42.77%Net margin, FY2022: 26.67%Net margin, FY2023: 9.36%Net margin, FY2024: 6.90%Net margin, FY2025: 16.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 66.34%. Gross margin FY2022 39.55%. Gross margin FY2023 14.48%. Gross margin FY2024 10.55%. Gross margin FY2025 34.50%. Operating margin FY2021 62.78%. Operating margin FY2022 36.57%. Operating margin FY2023 12.54%. Operating margin FY2024 8.99%. Operating margin FY2025 29.82%. Net margin FY2021 42.77%. Net margin FY2022 26.67%. Net margin FY2023 9.36%. Net margin FY2024 6.90%. Net margin FY2025 16.26%.

Income trends

Revenue

2.31B CNY-67.06%

Operating income

689.72M CNY+9.30%

Net income

376.01M CNY-22.41%
Income trends across reported periods7.69B CNY5.03B CNY2.37B CNY−288.57M CNYRevenue, FY2021: 2B CNYRevenue, FY2022: 2.93B CNYRevenue, FY2023: 5.61B CNYRevenue, FY2024: 7.02B CNYRevenue, FY2025: 2.31B CNYOperating income, FY2021: 1.25B CNYOperating income, FY2022: 1.07B CNYOperating income, FY2023: 703.31M CNYOperating income, FY2024: 631.02M CNYOperating income, FY2025: 689.72M CNYNet income, FY2021: 853.43M CNYNet income, FY2022: 781.69M CNYNet income, FY2023: 525.26M CNYNet income, FY2024: 484.59M CNYNet income, FY2025: 376.01M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2B CNY. Revenue FY2022 2.93B CNY. Revenue FY2023 5.61B CNY. Revenue FY2024 7.02B CNY. Revenue FY2025 2.31B CNY. Operating income FY2021 1.25B CNY. Operating income FY2022 1.07B CNY. Operating income FY2023 703.31M CNY. Operating income FY2024 631.02M CNY. Operating income FY2025 689.72M CNY. Net income FY2021 853.43M CNY. Net income FY2022 781.69M CNY. Net income FY2023 525.26M CNY. Net income FY2024 484.59M CNY. Net income FY2025 376.01M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.31B CNY7.02B CNY5.61B CNY2.93B CNY2B CNY
Cost of goods sold1.52B CNY6.28B CNY4.8B CNY1.77B CNY671.63M CNY
Gross profit797.98M CNY740.59M CNY811.98M CNY1.16B CNY1.32B CNY
Selling, general, and administrative103.84M CNY112.15M CNY108.67M CNY87.29M CNY71.08M CNY
Operating expenses108.26M CNY109.57M CNY108.67M CNY87.29M CNY71.08M CNY
Interest income66.52M CNY101.38M CNY63.96M CNY45.11M CNY13.26M CNY
Interest expense267.46M CNY72.84M CNY68.28M CNY95.74M CNY127.41M CNY
Depreciation and amortization695.86M CNY277.94M CNY283.93M CNY294.45M CNY339.62M CNY
Operating income689.72M CNY631.02M CNY703.31M CNY1.07B CNY1.25B CNY
Net income376.01M CNY484.59M CNY525.26M CNY781.69M CNY853.43M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.13

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.310.240.170.11Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.245, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.273, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 0.237, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 25, 2023: actual 0.214, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 0.163, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 0.124, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual 0.134, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 0.126, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates4.75B3.48B2.2B930.02MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 1.09B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 1.33B HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 1.16B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 25, 2023: actual 2.21B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 1.79B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 4.37B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual 3.02B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 4.48B HKD, estimate —, surprise —, Comparison unavailable.

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