Jiangsu Expressway Company Limited (Stock Code: 00177) disclosed its third-quarter 2025 financial data. For the three months ended September 30, 2025, operating income reached approximately RMB3.58 billion, down 12.76% year-on-year. Net profit attributable to shareholders was about RMB1.41 billion, reflecting a 3.06% increase from the same period last year.

From January to September 2025, operating income stood at around RMB12.98 billion, decreasing 7.66% year-on-year. During the same period, net profit attributable to shareholders recorded approximately RMB3.84 billion, down 6.86% year-on-year. The decrease in year-to-date operating income was partly affected by lower sales of oil products and a smaller scale of real estate deliveries, while toll revenue experienced a slight increase of 1.03%. Additionally, profit was influenced by lower investment income from associates and the shifted dividend schedule of Bank of Jiangsu.

During the first nine months, costs related to construction and operations declined year-on-year, and financial expenses fell by 10.70% mainly due to effective financing measures. Total assets rose to about RMB92.85 billion as of September 30, 2025, representing a 3.3% increase compared to the end of 2024. Owner’s equity attributable to shareholders reached approximately RMB40.28 billion, up 4.37% from the end of last year.

Throughout the reporting period, Jiangsu Expressway continued to focus on optimizing operations, reducing costs, and enhancing efficiency. The company noted that traffic volume on key expressways varied due to ongoing expansion projects and construction-related detours, ultimately influencing toll revenue growth across various sections.