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Huayu Expressway Group Limited logo

Huayu Expressway Group Limited

1823.HK

HKSEIndustrialsIndustrial - Infrastructure Operations

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Latest quote

HK$1.20

−HK$0.095 · -7.34%

Aug 24, 2:16 PM HKT

1823.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Huayu Expressway Group Limited operates as an investment holding firm, primarily involved in funding, developing, running, and overseeing infrastructure initiatives throughout the People's Republic of China. Its operations are divided into three main areas: the Sui-Yue Expressway, the Qing Ping Expressway, and its Liquor and Spirits business. The company is responsible for the construction, management, and operation of both the Sui-Yue Expressway, a dual three-lane highway, and the six-lane Qing Ping Expressway. Furthermore, it distributes alcoholic beverages, including liquor and spirits, under the brand names Huamaojiu and Xijiushaofang, and provides administrative support services. Established in 2009, Huayu Expressway Group Limited is headquartered in Yueyang, PRC, and functions as a subsidiary of Velocity International Limited.

Industry
Industrial - Infrastructure Operations
Sector
Industrials
Headquarters
HK
CEO
Jie Pin Fu
Listed since
Dec 23, 2009
Employees
349

Market position

Day range

Current HK$1.20

52-week range

Current HK$1.20

Open
HK$1.295
Previous close
HK$1.295
Volume
56K
0.26× average
Average volume
215.77K
Average daily volume
Market cap
565.33M HKD
Beta
0.32
Market reference 1
50-day average
HK$1.2885
-6.87% below average
200-day average
HK$1.3717
-12.52% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
580.63M CNY
P/E (TTM)
-11.82×
P/B (TTM)
0.59×
P/S (TTM)
3.48×
EV / EBITDA
63.73×
Earnings yield
-8.56%
Free cash flow yield
-24.48%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.04%
Operating margin
-19.09%
Net margin
-25.79%
Return on equity
-4.93%
Return on assets
-2.47%
Return on invested capital
-1.97%

Financial health

Debt / equity
0.41×
Current ratio
3.36×
Altman Z-score
1.3
Piotroski F-score
0 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends92%49%6%-36%Gross margin, FY2021: 30.27%Gross margin, FY2022: 29.20%Gross margin, FY2023: 28.25%Gross margin, FY2024: 19.94%Gross margin, FY2025: 16.03%Operating margin, FY2021: 16.93%Operating margin, FY2022: 16.06%Operating margin, FY2023: 10.00%Operating margin, FY2024: -8.40%Operating margin, FY2025: -20.73%Net margin, FY2021: 12.55%Net margin, FY2022: 11.96%Net margin, FY2023: 80.92%Net margin, FY2024: -4.30%Net margin, FY2025: -25.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.27%. Gross margin FY2022 29.20%. Gross margin FY2023 28.25%. Gross margin FY2024 19.94%. Gross margin FY2025 16.03%. Operating margin FY2021 16.93%. Operating margin FY2022 16.06%. Operating margin FY2023 10.00%. Operating margin FY2024 -8.40%. Operating margin FY2025 -20.73%. Net margin FY2021 12.55%. Net margin FY2022 11.96%. Net margin FY2023 80.92%. Net margin FY2024 -4.30%. Net margin FY2025 -25.74%.

Income trends

Revenue

136.78M CNY-30.97%

Operating income

−28.35M CNY-70.32%

Net income

−35.21M CNY-313.53%
Income trends across reported periods760.82M CNY471.35M CNY181.89M CNY−107.57M CNYRevenue, FY2021: 688.45M CNYRevenue, FY2022: 409.89M CNYRevenue, FY2023: 407.1M CNYRevenue, FY2024: 198.15M CNYRevenue, FY2025: 136.78M CNYOperating income, FY2021: 116.55M CNYOperating income, FY2022: 65.83M CNYOperating income, FY2023: 40.73M CNYOperating income, FY2024: −16.65M CNYOperating income, FY2025: −28.35M CNYNet income, FY2021: 86.43M CNYNet income, FY2022: 49.03M CNYNet income, FY2023: 329.43M CNYNet income, FY2024: −8.51M CNYNet income, FY2025: −35.21M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 688.45M CNY. Revenue FY2022 409.89M CNY. Revenue FY2023 407.1M CNY. Revenue FY2024 198.15M CNY. Revenue FY2025 136.78M CNY. Operating income FY2021 116.55M CNY. Operating income FY2022 65.83M CNY. Operating income FY2023 40.73M CNY. Operating income FY2024 −16.65M CNY. Operating income FY2025 −28.35M CNY. Net income FY2021 86.43M CNY. Net income FY2022 49.03M CNY. Net income FY2023 329.43M CNY. Net income FY2024 −8.51M CNY. Net income FY2025 −35.21M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue136.78M CNY198.15M CNY407.1M CNY409.89M CNY688.45M CNY
Cost of goods sold114.85M CNY158.64M CNY292.09M CNY290.2M CNY260.44M CNY
Gross profit21.93M CNY39.5M CNY115.01M CNY119.69M CNY208.43M CNY
Selling, general, and administrative50.28M CNY57.7M CNY74.28M CNY54.54M CNY43.05M CNY
Operating expenses50.28M CNY56.15M CNY74.28M CNY53.86M CNY91.88M CNY
Interest income613.69K CNY1.94M CNY2.84M CNY2.02M CNY2.79M CNY
Interest expense5.07M CNY5.1M CNY1.86M CNY1.53M CNY2.68M CNY
Depreciation and amortization37.46M CNY36.37M CNY38.97M CNY64.07M CNY64.03M CNY
Operating income−28.35M CNY−16.65M CNY40.73M CNY65.83M CNY116.55M CNY
Net income−35.21M CNY−8.51M CNY329.43M CNY49.03M CNY86.43M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.070.01-0.04-0.1Q1 '23Q3 '23Q1 '24Q1 '25Q2 '25
Q1 2023, reported Mar 30, 2023: actual 0.033, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 0.019, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual -0.014, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual -0.053, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual -0.062, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates155.88M125.89M95.89M65.9MQ1 '23Q3 '23Q1 '24Q1 '25Q2 '25
Q1 2023, reported Mar 30, 2023: actual 105.57M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 149.67M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 72.11M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 73.74M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual 82.97M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.121

2024 complete year0.0% since 2019

Corporate action history

Dividend

Ex-dividend Jul 12, 2024

HK$0.121

Special

Record Jul 15, 2024 · Payment Aug 1, 2024

Dividend

Ex-dividend Mar 15, 2023

HK$0.121

Special

Record Mar 16, 2023 · Payment May 18, 2023

Dividend

Ex-dividend Jun 17, 2021

HK$0.06

Special

Record Jun 18, 2021 · Payment Jul 9, 2021

Dividend

Ex-dividend Feb 20, 2019

HK$0.121

Special

Record Feb 21, 2019 · Payment Mar 12, 2019

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