Anhui Expressway (995) reported consolidated operating income of RMB1,644.48 million for the third quarter of 2025, representing a 23.54% decrease compared with the same period in the previous year. Meanwhile, total profit rose to RMB717.73 million, up by 11.93% year-on-year. Net profit attributable to shareholders reached RMB516.75 million, marking an 8.19% increase, and the net profit after deducting non-recurring items jumped by 29.19% to RMB533.16 million.

From January to September 2025, the group recorded total operating income of RMB5,385.53 million, a 2.07% drop against the same period last year. Net profit attributable to shareholders stood at RMB1,477.23 million, a 5.43% increase year-on-year, while its net profit after deducting non-recurring items improved by 12.85%. The overall rise in net profit was partly driven by the consolidation of Anhui Fuzhou Expressway Co., Ltd. and Anhui Sixu Expressway Co., Ltd., completed in March 2025 as a business combination under common control.

In terms of highway performance, driven traffic volume recovery and toll revenue growth were observed in multiple sections. During the third quarter, Hefei-Nanjing Expressway’s average daily traffic increased by 1.87% year-on-year, and its toll revenue rose by 7.00%. Other projects such as the Tianchang Section of Ninghuai Expressway and Fuzhou Expressway also reported double-digit increases in toll income over the same period last year. Throughout the National Day holiday in 2025, approximately 4,190,300 small passenger cars enjoyed free passage across the group’s road sections, resulting in an exemption amount of roughly RMB180.18 million.

Alongside its operational performance, Anhui Expressway is applying to the National Association of Financial Market Institutional Investors to register and issue debt financing instruments totaling up to RMB5 billion. The group also noted board changes, including the election of a new non-executive director. In addition, an agreement has been signed to acquire 7% of Shandong Hi-Speed Company Limited’s shares from Shandong Hi-Speed Group for a total of RMB3,018.71 million, subject to approval by relevant authorities and the general meeting of shareholders. Furthermore, the firm plans to abolish its board of supervisors, transfer its functions to the Board’s Audit Committee, and amend corresponding provisions in its Articles of Association.