Zhejiang Expressway Co. Reports 3.8% Revenue Increase and 4.0% Rise in Net Profit for H1 2025; EPS Up 5.6%
Reuters
Aug 29
Zhejiang Expressway Co. Reports 3.8% Revenue Increase and 4.0% Rise in Net Profit for H1 2025; EPS Up 5.6%
Zhejiang Expressway Co., Ltd. announced its unaudited consolidated results for the six months ending 30 June 2025. The company reported a revenue of RMB8,685.46 million, indicating a year-on-year increase of 3.8%. Profit attributable to the owners of the company stood at RMB2,787.48 million, marking a year-on-year rise of 4.0%. Basic and diluted earnings per share were reported at RMB46.51 cents, with a year-on-year increase of 4.0% and 5.6% respectively. The Group's toll revenue from its nine major expressways amounted to RMB5,132.49 million, a year-on-year increase of 0.4%, representing 59.1% of total revenue. The securities business revenue experienced significant growth, reaching RMB3,182.99 million, a year-on-year increase of 13.4%, accounting for 36.6% of the total revenue. The company noted steady growth in traffic volume, which increased by 1.5% year-on-year, despite challenges such as traffic diversion from the Hangzhou to Ningbo Section of the Hangzhou-Shaoxing-Ningbo Expressway. The Group achieved initial success in road network operations, investments, and mergers, focusing on industrial transformation and technological innovation. The company emphasized enhancing the quality and efficiency of road networks, with measures that include intelligent transformation and road maintenance improvements.
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