Reported Earnings • Apr 19
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.28 in FY 2024). Revenue: CN¥3.05b (flat on FY 2024). Net income: CN¥948.3m (up 22% from FY 2024). Profit margin: 31% (up from 26% in FY 2024). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Ankündigung • Mar 30
Fujian Expressway Development Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Fujian Expressway Development Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Ankündigung • Dec 26
Fujian Expressway Development Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026 Fujian Expressway Development Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026 New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥4.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Infrastructure industry in China. Total returns to shareholders of 75% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.095 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.095 in 3Q 2024). Revenue: CN¥812.8m (up 2.7% from 3Q 2024). Net income: CN¥276.0m (up 5.3% from 3Q 2024). Profit margin: 34% (in line with 3Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • Sep 30
Fujian Expressway Development Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Fujian Expressway Development Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Ankündigung • Jun 30
Fujian Expressway Development Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Fujian Expressway Development Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Ankündigung • May 15
Fujian Expressway Development Co.,Ltd, Annual General Meeting, Jun 18, 2025 Fujian Expressway Development Co.,Ltd, Annual General Meeting, Jun 18, 2025, at 14:30 China Standard Time. Location: 9F, Building 5, No. 367, Linpu Road, Chengmen Town, Cangshan District, Fuzhou, Fujian China Reported Earnings • Apr 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.28 (down from CN¥0.33 in FY 2023). Revenue: CN¥3.03b (flat on FY 2023). Net income: CN¥780.8m (down 14% from FY 2023). Profit margin: 26% (down from 30% in FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Ankündigung • Mar 28
Fujian Expressway Development Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Fujian Expressway Development Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Ankündigung • Dec 27
Fujian Expressway Development Co.,Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025 Fujian Expressway Development Co.,Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.095 (vs CN¥0.096 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.095 (down from CN¥0.096 in 3Q 2023). Revenue: CN¥791.5m (down 3.0% from 3Q 2023). Net income: CN¥262.1m (flat on 3Q 2023). Profit margin: 33% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Ankündigung • Sep 30
Fujian Expressway Development Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Fujian Expressway Development Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥3.75, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 15x in the Infrastructure industry in China. Total returns to shareholders of 51% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥729.5m (down 3.2% from 2Q 2023). Net income: CN¥287.2m (down 4.1% from 2Q 2023). Profit margin: 39% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Aug 02
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Director Meng Xu is the most experienced director on the board, commencing their role in 2011. Independent Director Yun Li was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Jun 28
Fujian Expressway Development Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Fujian Expressway Development Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Board Change • Jun 08
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 3 experienced directors. 1 highly experienced director. Director Meng Xu is the most experienced director on the board, commencing their role in 2011. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Ning Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 08
Fujian Expressway Development Co.,Ltd, Annual General Meeting, May 30, 2024 Fujian Expressway Development Co.,Ltd, Annual General Meeting, May 30, 2024, at 14:30 China Standard Time. Location: 9F, Building 5, No. 367, Linpu Road, Chengmen Town, Cangshan District, Fuzhou, Fujian China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.089 (vs CN¥0.084 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.089 (up from CN¥0.084 in 1Q 2023). Revenue: CN¥747.2m (up 5.0% from 1Q 2023). Net income: CN¥243.9m (up 5.4% from 1Q 2023). Profit margin: 33% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.09 in FY 2022) Full year 2023 results: EPS: CN¥0.33 (up from CN¥0.09 in FY 2022). Revenue: CN¥3.05b (down 29% from FY 2022). Net income: CN¥902.3m (up CN¥857.5m from FY 2022). Profit margin: 30% (up from 1.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Ankündigung • Mar 29
Fujian Expressway Development Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Fujian Expressway Development Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Ankündigung • Dec 29
Fujian Expressway Development Co.,Ltd to Report Fiscal Year 2023 Results on Apr 18, 2024 Fujian Expressway Development Co.,Ltd announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.096 (vs CN¥0.085 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.096 (up from CN¥0.085 in 3Q 2022). Revenue: CN¥816.0m (up 9.6% from 3Q 2022). Net income: CN¥263.9m (up 13% from 3Q 2022). Profit margin: 32% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.10 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.10 in 2Q 2022). Revenue: CN¥753.5m (up 21% from 2Q 2022). Net income: CN¥299.5m (up 9.7% from 2Q 2022). Profit margin: 40% (down from 44% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.084 (vs CN¥0.082 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.084 (up from CN¥0.082 in 1Q 2022). Revenue: CN¥711.7m (up 4.0% from 1Q 2022). Net income: CN¥231.6m (up 3.0% from 1Q 2022). Profit margin: 33% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Ning Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.093 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.093 in 2Q 2021). Revenue: CN¥625.3m (down 19% from 2Q 2021). Net income: CN¥273.0m (up 7.3% from 2Q 2021). Profit margin: 44% (up from 33% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥3.33, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 14x in the Infrastructure industry in China. Total returns to shareholders of 16% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.082 (vs CN¥0.084 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.082 (down from CN¥0.084 in 1Q 2021). Revenue: CN¥684.2m (down 5.1% from 1Q 2021). Net income: CN¥224.8m (down 2.6% from 1Q 2021). Profit margin: 33% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Vice Chairman Xin Hua Wu was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.30 (vs CN¥0.17 in FY 2020) Full year 2021 results: EPS: CN¥0.30 (up from CN¥0.17 in FY 2020). Revenue: CN¥2.98b (up 28% from FY 2020). Net income: CN¥829.2m (up 83% from FY 2020). Profit margin: 28% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS CN¥0.093 (vs CN¥0.016 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥771.6m (up 65% from 2Q 2020). Net income: CN¥254.5m (up 464% from 2Q 2020). Profit margin: 33% (up from 9.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.084 (vs CN¥0.013 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥720.6m (up 225% from 1Q 2020). Net income: CN¥230.9m (up CN¥265.6m from 1Q 2020). Profit margin: 32% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Is New 90 Day High Low • Mar 15
New 90-day high: CN¥2.68 The company is up 2.0% from a price of CN¥2.63 on 15 December 2020. Outperformed the Chinese market which is flat over the last 90 days. Exceeded the Infrastructure industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥2.58 The company is down 3.0% from its price of CN¥2.67 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: CN¥2.62 The company is down 3.0% from its price of CN¥2.71 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is flat over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥412.9m, down 48% from the prior year. Total revenue was CN¥2.33b over the last 12 months, down 16% from the prior year. Ankündigung • Oct 29
Fujian Expressway Development Co.,Ltd to Report Q3, 2020 Results on Oct 31, 2020 Fujian Expressway Development Co.,Ltd announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 29
New 90-day low: CN¥2.66 The company is down 3.0% from its price of CN¥2.74 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Infrastructure industry, which is down 6.0% over the same period. Ankündigung • Jul 17
Fujian Expressway Development Co.,Ltd to Report First Half, 2020 Results on Aug 29, 2020 Fujian Expressway Development Co.,Ltd announced that they will report first half, 2020 results on Aug 29, 2020 
