View ValuationAnhui Expressway 将来の成長Future 基準チェック /16Anhui Expressway利益と収益がそれぞれ年間1.3%と6.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に14% 1.9%なると予測されています。主要情報1.3%収益成長率1.94%EPS成長率Infrastructure 収益成長5.9%収益成長率6.8%将来の株主資本利益率13.96%アナリストカバレッジLow最終更新日03 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 22Anhui Expressway Company Limited, Annual General Meeting, Jun 26, 2026Anhui Expressway Company Limited, Annual General Meeting, Jun 26, 2026, at 14:30 China Standard Time. Location: 520 wangjiang west road, hefei, anhui, Chinaお知らせ • Mar 30Anhui Expressway Company Limited to Report Q1, 2026 Results on Apr 29, 2026Anhui Expressway Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Feb 04Anhui Expressway Company Limited (SHSE:600012) acquired 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd.Anhui Expressway Company Limited (SHSE:600012) entered into a share transfer agreement to acquire 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. for CNY 3 billion on October 21, 2025. A cash consideration valued at CNY 8.92 per share will be paid by Anhui Expressway Company Limited. As part of consideration, Anhui Expressway Company conditionally agreed to acquire, 338,419,957 A shares of Shandong Hi-speed Company Limited. The acquisition consideration will be paid in two cash installments by the Anhui Expressway Company. The first installment, amounting to approximately CNY 905.61 million (30% of the total), is to be paid within five working days after the conditions precedent for the share transfer agreement are met. The second installment, totaling approximately CNY 2.11 billion (70% of the total), is due within ten working days following the confirmation from the Shanghai Stock Exchange regarding the share transfer agreement, and before the transfer registration of the shares. The Share Transfer Agreement will become effective only upon the fulfillment of several conditions precedent. Firstly, both parties must secure approval from their respective authorized decision-making bodies in compliance with applicable laws, regulations, and their articles of association. Secondly, approval for the acquisition must be obtained from the relevant state-owned assets supervision and administration department or its authorized state-invested enterprise. Lastly, any additional conditions for effectiveness as stipulated by law and administrative regulations must be met, including obtaining any required approvals from other competent authorities, if necessary. The board of Shandong Hi-speed are of the view that the terms of the agreement are fair and reasonable, on normal commercial terms, and in the interests of Shandong Hi-speed and its shareholders. Accordingly, the Board of Anhui Expressway Company Limited recommend the Shareholders to vote in favor of the proposed resolution to approve the Share Transfer Agreement and the transactions contemplated thereunder at the EGM, which is scheduled to take place on December 30, 2025. As of December 30, 2025, the transaction has been approved by the shareholders of Anhui Expressway Company Limited. Anhui Expressway Company Limited (SHSE:600012) completed the acquisition of 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. February 4, 2026.お知らせ • Dec 26Anhui Expressway Company Limited to Report Fiscal Year 2025 Results on Mar 28, 2026Anhui Expressway Company Limited announced that they will report fiscal year 2025 results on Mar 28, 2026お知らせ • Oct 22Anhui Expressway Company Limited (SHSE:600012) entered into a share transfer agreement to acquire 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. for CNY 3.0 billion.Anhui Expressway Company Limited (SHSE:600012) entered into a share transfer agreement to acquire 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. for CNY 3.0 billion on October 21, 2025. A cash consideration valued at CNY 8.92 per share will be paid by Anhui Expressway Company Limited. As part of consideration, Anhui Expressway Company conditionally agreed to acquire, 338,419,957 A shares of Shandong Hi-speed Company Limited. The acquisition consideration will be paid in two cash installments by the Anhui Expressway Company. The first installment, amounting to approximately CNY 905.61 million (30% of the total), is to be paid within five working days after the conditions precedent for the share transfer agreement are met. The second installment, totaling approximately CNY 2.11 billion (70% of the total), is due within ten working days following the confirmation from the Shanghai Stock Exchange regarding the share transfer agreement, and before the transfer registration of the shares. The Share Transfer Agreement will become effective only upon the fulfillment of several conditions precedent. Firstly, both parties must secure approval from their respective authorized decision-making bodies in compliance with applicable laws, regulations, and their articles of association. Secondly, approval for the acquisition must be obtained from the relevant state-owned assets supervision and administration department or its authorized state-invested enterprise. Lastly, any additional conditions for effectiveness as stipulated by law and administrative regulations must be met, including obtaining any required approvals from other competent authorities, if necessary.お知らせ • Sep 30Anhui Expressway Company Limited to Report Q3, 2025 Results on Oct 29, 2025Anhui Expressway Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025お知らせ • Jun 30Anhui Expressway Company Limited to Report First Half, 2025 Results on Aug 29, 2025Anhui Expressway Company Limited announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • Jun 29Anhui Expressway Company Limited Announces Resignation of Lee Chung Shing as Company Secretary, Effective June 27, 2025The board of directors of Anhui Expressway Company Limited announced that the Company has received a written resignation from Mr. Lee Chung Shing ("Mr. Lee"). Due to change of work arrangement, Mr. Lee tendered his resignation as the company secretary and an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 27 June 2025.お知らせ • Jun 24Anhui Expressway Company Limited Approves Final Dividend for the Year Ended 31 December 2024, Payable on or Before 30 July 2025Anhui Expressway Company Limited at Annual General Meeting Held on 24 June 2025 the payment of a final dividend of RMB 0.604 per share (tax included) for the year ended 31 December 2024 to all Shareholders as recommended by the Board was passed at the AGM. The Company will pay dividends in respect of the H Shares to the holders of H Shares of the Company whose names appear in the register of members of the Company on 4 July 2025. Pursuant to the articles of association of the Company, the Company has appointed Bank of China (Hong Kong) Trustees Limited (the "Receiving Agent") to receive on behalf of holders of H Shares all dividends declared in respect of H Shares. The Receiving Agent is a trust company registered under the Trustee Ordinance in Hong Kong. Cheques for the H Share dividends will be issued by the Receiving Agent and are expected to be despatched by ordinary post to holders of H Shares at their own risk on or before 30 July 2025 (payment date of dividends for H Shares).お知らせ • May 30Anhui Expressway Company Limited, Annual General Meeting, Jun 24, 2025Anhui Expressway Company Limited, Annual General Meeting, Jun 24, 2025, at 14:30 China Standard Time.お知らせ • Mar 31Anhui Expressway Company Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on or Before August 15, 2025Anhui Expressway Company Limited board of directors proposes to distribute a final ordinary dividend for the year ended 31 December 2024 of RMB 0.604 per share, amounting to a total of RMB 1,001,800,000 at the meeting of the board of directors on 28 March 2025. The final dividend is expected to be paid on or before 15 August 2025, subject to approval at the Company's 2024 annual general meeting.お知らせ • Mar 28Anhui Expressway Company Limited to Report Q1, 2025 Results on Apr 29, 2025Anhui Expressway Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Anhui Expressway Company Limited to Report Fiscal Year 2024 Results on Mar 31, 2025Anhui Expressway Company Limited announced that they will report fiscal year 2024 results on Mar 31, 2025Reported Earnings • Oct 28Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.31 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.31 in 3Q 2023). Revenue: CN¥1.99b (down 1.5% from 3Q 2023). Net income: CN¥411.2m (down 20% from 3Q 2023). Profit margin: 21% (down from 25% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Europe are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30Anhui Expressway Company Limited to Report Q3, 2024 Results on Oct 29, 2024Anhui Expressway Company Limited announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.09, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Infrastructure industry in Europe. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.90 per share.Buy Or Sell Opportunity • Sep 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €1.09. The fair value is estimated to be €0.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to decline by 31% in 2 years. Earnings are forecast to grow by 8.9% in the next 2 years.Reported Earnings • Sep 01Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.23 in 2Q 2023). Revenue: CN¥1.77b (up 50% from 2Q 2023). Net income: CN¥350.2m (down 7.9% from 2Q 2023). Profit margin: 20% (down from 32% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Europe are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change).Buy Or Sell Opportunity • Jul 02Now 16% overvalued after recent price riseOver the last 90 days, the stock has risen 5.8% to €1.09. The fair value is estimated to be €0.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.お知らせ • Jun 28Anhui Expressway Company Limited to Report First Half, 2024 Results on Aug 31, 2024Anhui Expressway Company Limited announced that they will report first half, 2024 results on Aug 31, 2024Buy Or Sell Opportunity • Jun 19Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.6% to €1.14. The fair value is estimated to be €0.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.お知らせ • Jun 08+ 1 more updateAnhui Expressway Company Limited Appoints Yu Yong General ManagerAnhui Expressway Company Limited announced that following the change of the session of the Board, the terms of the general manager and deputy general managers of the Company expired on 6 June 2024. The Board announces that, Mr. Yu Yong was appointed as the general manager of the Company, effective from 6 June 2024 until the expiry date of the term for the current session of the Board.Upcoming Dividend • Jun 04Upcoming dividend of CN¥0.60 per shareEligible shareholders must have bought the stock before 11 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.8%).Buy Or Sell Opportunity • May 31Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €1.16. The fair value is estimated to be €0.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Buy Or Sell Opportunity • May 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to €1.18. The fair value is estimated to be €0.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.7%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Valuation Update With 7 Day Price Move • May 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.13, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 15x in the Infrastructure industry in Europe. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.95 per share.Declared Dividend • May 08Dividend of CN¥0.60 announcedShareholders will receive a dividend of CN¥0.60. Ex-date: 11th June 2024 Payment date: 12th July 2024 Dividend yield will be 56%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 08Anhui Expressway Company Limited, Annual General Meeting, Jun 06, 2024Anhui Expressway Company Limited, Annual General Meeting, Jun 06, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui ChinaBuy Or Sell Opportunity • Apr 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €1.04. The fair value is estimated to be €0.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings are forecast to grow by 7.4% per annum over the same time period.Reported Earnings • Mar 31Full year 2023 earnings released: EPS: CN¥1.00 (vs CN¥0.87 in FY 2022)Full year 2023 results: EPS: CN¥1.00 (up from CN¥0.87 in FY 2022). Revenue: CN¥6.63b (up 27% from FY 2022). Net income: CN¥1.66b (up 15% from FY 2022). Profit margin: 25% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Europe are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 29+ 1 more updateAnhui Expressway Company Limited to Report Q1, 2024 Results on Apr 27, 2024Anhui Expressway Company Limited announced that they will report Q1, 2024 results on Apr 27, 2024Buy Or Sell Opportunity • Mar 27Now 21% undervaluedOver the last 90 days, the stock has risen 20% to €1.01. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Buy Or Sell Opportunity • Feb 02Now 21% undervaluedOver the last 90 days, the stock has risen 5.8% to €0.91. The fair value is estimated to be €1.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Buying Opportunity • Jan 18Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be €1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.1% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.お知らせ • Dec 30Anhui Expressway Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024Anhui Expressway Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024お知らせ • Nov 22Anhui Expressway Company Limited Announce Executive ChangesThe board of directors of Anhui Expressway Company Limited announced that the Company has recently received the written resignation application from Ms. Deng Ping (Ms. Deng). Due to change of work arrangement, Ms. Deng tendered her resignation as deputy general manager of the Company. Ms. Deng has confirmed that she has no disagreement with the Board in any respect and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders (the Shareholders) of the Company or The Stock Exchange of Hong Kong Limited (the Stock Exchange). Ms. Deng's resignation application took effect upon the receipt of the same by the Board of the Company. After her resignation, Ms. Deng will not hold any position in the Company. The Board announced that, pursuant to the nomination from the general manager of the Company, and followed by the consideration by the human resources and remuneration committee under the Board of the Company, the appointment of Mr. Zhang Jinlin (Mr. Zhang) as deputy general manager of the Company was approved by the Board in a meeting held on 21 November 2023 for a term commencing on the date of approval at the Board meeting and ending on the date of the appointment of the new session of the Board. Mr. Zhang, born in February 1967, holds a postgraduate degree, and is a senior engineer. He started working in July 1988, and served as a technician in the Anhui High-level Expressway Construction Commanding Bureau, the deputy director of the central control room of Anhui High-level Expressway Administration, the director of the central control room of the operation division of Anhui Expressway Holding Corporation, Party's Branch Committee member and deputy director of the Hefei management office of Anhui Expressway Company Limited, Party's Branch Committee member and deputy general manager of Anhui High-level Project Management Co. Ltd., member of the Party Committee and deputy general manager of Anhui Expressway Network Operations Company Limited. From December 2018 to March 2021, he served as the Party's Branch secretary general and chairman of the board of directors of Xuanguang Expressway Company Limited. From March 2021 to October 2023, he served as the secretary of the Party Committee and director of the Wuhu Expressway management center of Anhui Transportation Holding Group. The Board announced that, pursuant to the nomination from the general manager of the Company, and followed by the consideration by the human resources and remuneration committee under the Board of the Company, the appointment of Mr. Wu Jianmin (Mr. Wu) as chief engineer of the Company was approved by the Board in a meeting held on 21 November 2023 for a term commencing on the date of approval at the Board meeting and ending on the date of the appointment of the new session of the Board. Mr. Wu, born in November 1969, has a university degree, a master's degree in engineering, and is a senior engineer. He started working in July 1992, and served as the head of the quality inspection department, deputy project manager, and manager of Anhui Provincial Port & Shipping Engineering Company, the deputy manager of the direct branch of Anhui Provincial Road Port Engineering Company, the deputy director of the Sixu Expressway Construction Office of Anhui Provincial Communications Investment Group, the deputy director of the Xinqiao International Airport Expressway Construction Office, and the Party branch secretary and director of the Jiqi Expressway (Lixin - Huainan section) Construction Office, of Anhui Provincial Communications Investment Group. From April 2016 to June 2020, he served as the Party branch secretary and director of the He'an Expressway Reconstruction and Expansion Project Office of Anhui Transportation Holding Group. From June 2020 to December 2022, he served as the chief engineer of Anhui Transportation Construction Management Co. Ltd. From December 2022 to October 2023, he served as a member of the Party Committee and chief engineer of Anhui Transportation Construction Management Co. Ltd.Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.31 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.31 in 3Q 2022). Revenue: CN¥2.02b (up 73% from 3Q 2022). Net income: CN¥511.3m (flat on 3Q 2022). Profit margin: 25% (down from 43% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 29Anhui Expressway Company Limited Announces Management ChangesThe board of directors of Anhui Expressway Company Limited announced that the Company has recently received the written resignation applications from Mr. Yang Xiaoguang and Mr. Tao Wensheng. Due to retirement, Mr. Yang has tendered his resignation as an executive director and the vice chairman of the Company. Due to change of work arrangement, Mr. Tao has tendered his resignation as an executive director and the general manager of the Company. At the same time, each of them ceased to be a member of the strategic development and investment committee of the Company. The Board announces that, as nominated by the chairman of the Company, uponconsideration by the Human Resources and Remuneration Committee under the Board of the Company, the Board resolved in a meeting held on 28 September 2023 to approve the appointment of Mr. Wang Xiaowen ("Mr. Wang"), in replacement of Mr. Tao, as the general manager of the Company for a term commencing on the date of approval at the Board meeting and ending on the date of the appointment of the new session of the Board. Mr. Wang Xiaowen, born in 1970, has the master degree and the title of senior auditor. He started to work in July 1990, serving as the deputy secretary of the Committee of Chinese Communist Youth League under the Political Section of Anqing RoadTransportation Corporation; the chief of the Finance Section, office director, member of the Committee of the General Party Branch and deputy division director of Gaojie Expressway Management Division, Anhui Expressway Holding Corporation; the secretary of the Party Branch and the executive vice president of Anhui High-speed Logistics Corporation; the secretary of the General Party Branch and chief of He ' an Expressway Management Division, Anhui Transportation Holding Group and the executive director and president of Anhui Anqing Yangtze River Expressway Bridge Limited Liability Company from August 2015 to August 2021; the secretary of the Party Committee and director of He'an Expressway Management Center, Anhui Transportation Holding Group Company Limited and the executive director and president of Anhui Anqing Yangtze River Expressway Bridge Limited Liability Company from August 2021 to December 2022; the chief of the Finance Department, the secretary of the General Party Branch and chief of the Financial Sharing Center, Anhui Transportation Holding Group Company Limited from December 2022 to September 2023.お知らせ • Sep 22+ 2 more updatesAnhui Transportation Holding Capital Investment Co., Ltd. entered into an agreement to acquire 6.6225% stake in Xin'an Financial Group Co.,LTD from Anhui Expressway Company Limited (SEHK:995) for CNY 66.8 million.Anhui Transportation Holding Capital Investment Co., Ltd. entered into an agreement to acquire 6.6225% stake in Xin'an Financial Group Co.,LTD from Anhui Expressway Company Limited (SEHK:995) for CNY 66.8 million on September 20, 2023. The consideration for the disposal is CNY 66.76 million. Payment will be completed within 5 days after the signing of the Equity Transfer Agreement and the approval from the relevant government authorities having been obtained. Upon completion of the disposals, Anhui Expressway Company will cease to have any interest in Xin'an Financial. Xin'an Financial Group reported Profit before taxation of CNY 94.9209 million, Profit after taxation of CNY 75.11 million. The net assets and total assets were approximately CNY 2,733,115.6 thousand and RMB3,054,372.8 thousand, respectively. The transaction was approved by Directors of Anhui Expressway.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.16 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.16 in 2Q 2022). Revenue: CN¥1.18b (down 36% from 2Q 2022). Net income: CN¥380.0m (up 46% from 2Q 2022). Profit margin: 32% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jun 07Upcoming dividend of CN¥0.55 per share at 7.5% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).お知らせ • May 11+ 1 more updateAnhui Expressway Company Limited, Annual General Meeting, Jun 09, 2023Anhui Expressway Company Limited, Annual General Meeting, Jun 09, 2023, at 14:30 China Standard Time. Location: conference room of the Company at 520 Wangjiang West Road, Hefei Anhui China Agenda: To consider and approve the working report of the board of directors of the Company for the year 2022; to consider and approve the working report of the supervisory committee of the Company for the year 2022; to consider and approve the audited financial report of the Company for the year 2022; to consider and approve the profit appropriation proposal of the Company for the year 2022; and to discuss other matters.Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.24 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.24 in 1Q 2022). Revenue: CN¥1.15b (up 19% from 1Q 2022). Net income: CN¥459.5m (up 13% from 1Q 2022). Profit margin: 40% (down from 42% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year.Buying Opportunity • Dec 24Now 24% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 71% in 2 years. Earnings is forecast to grow by 28% in the next 2 years.Board Change • Nov 16Less than half of directors are independentThere 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. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Member of Supervisory Committee Yue Jiang is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Jianping Zhang was the last independent director to join the board, commencing their role in 2020. 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.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.23 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥1.17b (up 31% from 3Q 2021). Net income: CN¥507.3m (up 34% from 3Q 2021). Profit margin: 43% (up from 42% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.22 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.22 in 2Q 2021). Revenue: CN¥1.85b (up 120% from 2Q 2021). Net income: CN¥259.9m (down 27% from 2Q 2021). Profit margin: 14% (down from 43% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 16% compared to a 17% growth forecast for the Infrastructure industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 17Upcoming dividend of CN¥0.55 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 9.5%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.6%).Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.23 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.23 in 1Q 2021). Revenue: CN¥966.3m (flat on 1Q 2021). Net income: CN¥406.1m (up 6.3% from 1Q 2021). Profit margin: 42% (up from 40% in 1Q 2021). Over the next year, revenue is forecast to grow 7.5%, compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year.Board Change • Apr 27Less than half of directors are independentThere 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. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Member of Supervisory Committee Yue Jiang is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Jianping Zhang was the last independent director to join the board, commencing their role in 2020. 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.Reported Earnings • Mar 30Full year 2021 earnings released: EPS: CN¥0.91 (vs CN¥0.55 in FY 2020)Full year 2021 results: EPS: CN¥0.91 (up from CN¥0.55 in FY 2020). Revenue: CN¥3.92b (up 49% from FY 2020). Net income: CN¥1.51b (up 65% from FY 2020). Profit margin: 39% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.8% compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year.Reported Earnings • Oct 29Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥893.7m (down 3.5% from 3Q 2020). Net income: CN¥378.6m (up 1.8% from 3Q 2020). Profit margin: 42% (up from 40% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.082 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥840.2m (up 54% from 2Q 2020). Net income: CN¥358.1m (up 164% from 2Q 2020). Profit margin: 43% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.Executive Departure • Jun 24Members of Supervisory Committee Jiping Chen has left the companyOn the 17th of June, Jiping Chen's tenure as Members of Supervisory Committee ended after less than a year in the role. We don't have any record of a personal shareholding under Jiping's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.25 years.Upcoming Dividend • May 19Upcoming dividend of CN¥0.23 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 21 July 2021. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.2%).Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.016 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¥847.4m (up 211% from 1Q 2020). Net income: CN¥352.1m (up CN¥378.3m from 1Q 2020). Profit margin: 42% (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 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.55 (vs CN¥0.66 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.63b (down 11% from FY 2019). Net income: CN¥918.5m (down 16% from FY 2019). Profit margin: 35% (down from 37% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 09New 90-day high: €0.56The company is up 29% from its price of €0.43 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.43 per share.Is New 90 Day High Low • Dec 04New 90-day high: €0.51The company is up 29% from its price of €0.39 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.37 per share.Is New 90 Day High Low • Nov 19New 90-day high: €0.46The company is up 18% from its price of €0.39 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.40 per share.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥733.4m, down 34% from the prior year. Total revenue was CN¥2.46b over the last 12 months, down 17% from the prior year.Is New 90 Day High Low • Oct 26New 90-day low: €0.38The company is down 2.0% from its price of €0.39 on 28 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.23 per share.Is New 90 Day High Low • Sep 26New 90-day high: €0.45The company is up 13% from its price of €0.40 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.25 per share.業績と収益の成長予測DB:HU7 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20285,9701,974-7423,324212/31/20277,2302,009-7633,777512/31/20266,5582,1142023,40853/31/20265,4741,8631,4933,382N/A12/31/20256,7221,8771,3383,539N/A9/30/20256,9781,745-8202,728N/A6/30/20257,4841,706-9162,497N/A3/31/20259,0751,9353983,120N/A12/31/20247,6981,9076713,040N/A9/30/20247,7871,7106552,863N/A6/30/20247,6561,7449172,887N/A3/31/20246,9311,724822,414N/A12/31/20236,6311,6605372,653N/A9/30/20235,5651,6221,7552,416N/A6/30/20234,7141,6191,5632,282N/A3/31/20235,3851,4981,0742,434N/A12/31/20225,2061,4456221,938N/A9/30/20224,9751,4507912,194N/A6/30/20224,8221,4159522,205N/A3/31/20223,9241,5381,8392,104N/A12/31/20213,9211,5141,6752,097N/A9/30/20214,1201,6261,7722,266N/A6/30/20214,0301,5251,8542,361N/A3/31/20213,6251,2771,5212,080N/A12/31/20202,9348691,1421,706N/A9/30/20202,4617338741,470N/A6/30/20202,2986592521,208N/A3/31/20202,4697823591,479N/A12/31/20192,9461,098N/A1,823N/A9/30/20192,9481,117N/A1,861N/A6/30/20192,9671,115N/A1,892N/A3/31/20192,9881,144N/A1,802N/A12/31/20182,9671,123N/A1,808N/A9/30/20182,9631,117N/A1,840N/A6/30/20182,9311,123N/A1,804N/A3/31/20182,8731,066N/A1,904N/A12/31/20172,8611,091N/A1,883N/A9/30/20172,7691,058N/A1,873N/A6/30/20172,647976N/A1,814N/A3/31/20172,539973N/A1,778N/A12/31/20162,499933N/A1,752N/A9/30/20162,478936N/A1,679N/A6/30/20162,475949N/A1,656N/A3/31/20162,475969N/A1,549N/A12/31/20152,427938N/A1,521N/A9/30/20152,405893N/A1,584N/A6/30/20152,377893N/A1,603N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: HU7の予測収益成長率 (年間1.3% ) は 貯蓄率 ( 1.9% ) を下回っています。収益対市場: HU7の収益 ( 1.3% ) German市場 ( 17.2% ) よりも低い成長が予測されています。高成長収益: HU7の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: HU7の収益 ( 6.8% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: HU7の収益 ( 6.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: HU7の 自己資本利益率 は、3年後には低くなると予測されています ( 14 %)。成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/31 01:49終値2026/05/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Anhui Expressway Company Limited 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関Patrick XuBarclaysWenjie ZhangChina International Capital Corporation LimitedXiaoli MaCitic Securities Co., Ltd.16 その他のアナリストを表示
お知らせ • May 22Anhui Expressway Company Limited, Annual General Meeting, Jun 26, 2026Anhui Expressway Company Limited, Annual General Meeting, Jun 26, 2026, at 14:30 China Standard Time. Location: 520 wangjiang west road, hefei, anhui, China
お知らせ • Mar 30Anhui Expressway Company Limited to Report Q1, 2026 Results on Apr 29, 2026Anhui Expressway Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Feb 04Anhui Expressway Company Limited (SHSE:600012) acquired 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd.Anhui Expressway Company Limited (SHSE:600012) entered into a share transfer agreement to acquire 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. for CNY 3 billion on October 21, 2025. A cash consideration valued at CNY 8.92 per share will be paid by Anhui Expressway Company Limited. As part of consideration, Anhui Expressway Company conditionally agreed to acquire, 338,419,957 A shares of Shandong Hi-speed Company Limited. The acquisition consideration will be paid in two cash installments by the Anhui Expressway Company. The first installment, amounting to approximately CNY 905.61 million (30% of the total), is to be paid within five working days after the conditions precedent for the share transfer agreement are met. The second installment, totaling approximately CNY 2.11 billion (70% of the total), is due within ten working days following the confirmation from the Shanghai Stock Exchange regarding the share transfer agreement, and before the transfer registration of the shares. The Share Transfer Agreement will become effective only upon the fulfillment of several conditions precedent. Firstly, both parties must secure approval from their respective authorized decision-making bodies in compliance with applicable laws, regulations, and their articles of association. Secondly, approval for the acquisition must be obtained from the relevant state-owned assets supervision and administration department or its authorized state-invested enterprise. Lastly, any additional conditions for effectiveness as stipulated by law and administrative regulations must be met, including obtaining any required approvals from other competent authorities, if necessary. The board of Shandong Hi-speed are of the view that the terms of the agreement are fair and reasonable, on normal commercial terms, and in the interests of Shandong Hi-speed and its shareholders. Accordingly, the Board of Anhui Expressway Company Limited recommend the Shareholders to vote in favor of the proposed resolution to approve the Share Transfer Agreement and the transactions contemplated thereunder at the EGM, which is scheduled to take place on December 30, 2025. As of December 30, 2025, the transaction has been approved by the shareholders of Anhui Expressway Company Limited. Anhui Expressway Company Limited (SHSE:600012) completed the acquisition of 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. February 4, 2026.
お知らせ • Dec 26Anhui Expressway Company Limited to Report Fiscal Year 2025 Results on Mar 28, 2026Anhui Expressway Company Limited announced that they will report fiscal year 2025 results on Mar 28, 2026
お知らせ • Oct 22Anhui Expressway Company Limited (SHSE:600012) entered into a share transfer agreement to acquire 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. for CNY 3.0 billion.Anhui Expressway Company Limited (SHSE:600012) entered into a share transfer agreement to acquire 7% stake in Shandong Hi-speed Company Limited (SHSE:600350) from Shandong High-Speed Group Co., Ltd. for CNY 3.0 billion on October 21, 2025. A cash consideration valued at CNY 8.92 per share will be paid by Anhui Expressway Company Limited. As part of consideration, Anhui Expressway Company conditionally agreed to acquire, 338,419,957 A shares of Shandong Hi-speed Company Limited. The acquisition consideration will be paid in two cash installments by the Anhui Expressway Company. The first installment, amounting to approximately CNY 905.61 million (30% of the total), is to be paid within five working days after the conditions precedent for the share transfer agreement are met. The second installment, totaling approximately CNY 2.11 billion (70% of the total), is due within ten working days following the confirmation from the Shanghai Stock Exchange regarding the share transfer agreement, and before the transfer registration of the shares. The Share Transfer Agreement will become effective only upon the fulfillment of several conditions precedent. Firstly, both parties must secure approval from their respective authorized decision-making bodies in compliance with applicable laws, regulations, and their articles of association. Secondly, approval for the acquisition must be obtained from the relevant state-owned assets supervision and administration department or its authorized state-invested enterprise. Lastly, any additional conditions for effectiveness as stipulated by law and administrative regulations must be met, including obtaining any required approvals from other competent authorities, if necessary.
お知らせ • Sep 30Anhui Expressway Company Limited to Report Q3, 2025 Results on Oct 29, 2025Anhui Expressway Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025
お知らせ • Jun 30Anhui Expressway Company Limited to Report First Half, 2025 Results on Aug 29, 2025Anhui Expressway Company Limited announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • Jun 29Anhui Expressway Company Limited Announces Resignation of Lee Chung Shing as Company Secretary, Effective June 27, 2025The board of directors of Anhui Expressway Company Limited announced that the Company has received a written resignation from Mr. Lee Chung Shing ("Mr. Lee"). Due to change of work arrangement, Mr. Lee tendered his resignation as the company secretary and an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 27 June 2025.
お知らせ • Jun 24Anhui Expressway Company Limited Approves Final Dividend for the Year Ended 31 December 2024, Payable on or Before 30 July 2025Anhui Expressway Company Limited at Annual General Meeting Held on 24 June 2025 the payment of a final dividend of RMB 0.604 per share (tax included) for the year ended 31 December 2024 to all Shareholders as recommended by the Board was passed at the AGM. The Company will pay dividends in respect of the H Shares to the holders of H Shares of the Company whose names appear in the register of members of the Company on 4 July 2025. Pursuant to the articles of association of the Company, the Company has appointed Bank of China (Hong Kong) Trustees Limited (the "Receiving Agent") to receive on behalf of holders of H Shares all dividends declared in respect of H Shares. The Receiving Agent is a trust company registered under the Trustee Ordinance in Hong Kong. Cheques for the H Share dividends will be issued by the Receiving Agent and are expected to be despatched by ordinary post to holders of H Shares at their own risk on or before 30 July 2025 (payment date of dividends for H Shares).
お知らせ • May 30Anhui Expressway Company Limited, Annual General Meeting, Jun 24, 2025Anhui Expressway Company Limited, Annual General Meeting, Jun 24, 2025, at 14:30 China Standard Time.
お知らせ • Mar 31Anhui Expressway Company Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on or Before August 15, 2025Anhui Expressway Company Limited board of directors proposes to distribute a final ordinary dividend for the year ended 31 December 2024 of RMB 0.604 per share, amounting to a total of RMB 1,001,800,000 at the meeting of the board of directors on 28 March 2025. The final dividend is expected to be paid on or before 15 August 2025, subject to approval at the Company's 2024 annual general meeting.
お知らせ • Mar 28Anhui Expressway Company Limited to Report Q1, 2025 Results on Apr 29, 2025Anhui Expressway Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Anhui Expressway Company Limited to Report Fiscal Year 2024 Results on Mar 31, 2025Anhui Expressway Company Limited announced that they will report fiscal year 2024 results on Mar 31, 2025
Reported Earnings • Oct 28Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.31 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.31 in 3Q 2023). Revenue: CN¥1.99b (down 1.5% from 3Q 2023). Net income: CN¥411.2m (down 20% from 3Q 2023). Profit margin: 21% (down from 25% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Europe are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30Anhui Expressway Company Limited to Report Q3, 2024 Results on Oct 29, 2024Anhui Expressway Company Limited announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.09, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Infrastructure industry in Europe. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.90 per share.
Buy Or Sell Opportunity • Sep 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €1.09. The fair value is estimated to be €0.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to decline by 31% in 2 years. Earnings are forecast to grow by 8.9% in the next 2 years.
Reported Earnings • Sep 01Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.23 in 2Q 2023). Revenue: CN¥1.77b (up 50% from 2Q 2023). Net income: CN¥350.2m (down 7.9% from 2Q 2023). Profit margin: 20% (down from 32% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Europe are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change).
Buy Or Sell Opportunity • Jul 02Now 16% overvalued after recent price riseOver the last 90 days, the stock has risen 5.8% to €1.09. The fair value is estimated to be €0.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
お知らせ • Jun 28Anhui Expressway Company Limited to Report First Half, 2024 Results on Aug 31, 2024Anhui Expressway Company Limited announced that they will report first half, 2024 results on Aug 31, 2024
Buy Or Sell Opportunity • Jun 19Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.6% to €1.14. The fair value is estimated to be €0.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
お知らせ • Jun 08+ 1 more updateAnhui Expressway Company Limited Appoints Yu Yong General ManagerAnhui Expressway Company Limited announced that following the change of the session of the Board, the terms of the general manager and deputy general managers of the Company expired on 6 June 2024. The Board announces that, Mr. Yu Yong was appointed as the general manager of the Company, effective from 6 June 2024 until the expiry date of the term for the current session of the Board.
Upcoming Dividend • Jun 04Upcoming dividend of CN¥0.60 per shareEligible shareholders must have bought the stock before 11 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.8%).
Buy Or Sell Opportunity • May 31Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €1.16. The fair value is estimated to be €0.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Buy Or Sell Opportunity • May 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to €1.18. The fair value is estimated to be €0.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.7%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.13, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 15x in the Infrastructure industry in Europe. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.95 per share.
Declared Dividend • May 08Dividend of CN¥0.60 announcedShareholders will receive a dividend of CN¥0.60. Ex-date: 11th June 2024 Payment date: 12th July 2024 Dividend yield will be 56%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 08Anhui Expressway Company Limited, Annual General Meeting, Jun 06, 2024Anhui Expressway Company Limited, Annual General Meeting, Jun 06, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China
Buy Or Sell Opportunity • Apr 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €1.04. The fair value is estimated to be €0.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings are forecast to grow by 7.4% per annum over the same time period.
Reported Earnings • Mar 31Full year 2023 earnings released: EPS: CN¥1.00 (vs CN¥0.87 in FY 2022)Full year 2023 results: EPS: CN¥1.00 (up from CN¥0.87 in FY 2022). Revenue: CN¥6.63b (up 27% from FY 2022). Net income: CN¥1.66b (up 15% from FY 2022). Profit margin: 25% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Europe are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 29+ 1 more updateAnhui Expressway Company Limited to Report Q1, 2024 Results on Apr 27, 2024Anhui Expressway Company Limited announced that they will report Q1, 2024 results on Apr 27, 2024
Buy Or Sell Opportunity • Mar 27Now 21% undervaluedOver the last 90 days, the stock has risen 20% to €1.01. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Buy Or Sell Opportunity • Feb 02Now 21% undervaluedOver the last 90 days, the stock has risen 5.8% to €0.91. The fair value is estimated to be €1.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Buying Opportunity • Jan 18Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be €1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.1% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.
お知らせ • Dec 30Anhui Expressway Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024Anhui Expressway Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024
お知らせ • Nov 22Anhui Expressway Company Limited Announce Executive ChangesThe board of directors of Anhui Expressway Company Limited announced that the Company has recently received the written resignation application from Ms. Deng Ping (Ms. Deng). Due to change of work arrangement, Ms. Deng tendered her resignation as deputy general manager of the Company. Ms. Deng has confirmed that she has no disagreement with the Board in any respect and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders (the Shareholders) of the Company or The Stock Exchange of Hong Kong Limited (the Stock Exchange). Ms. Deng's resignation application took effect upon the receipt of the same by the Board of the Company. After her resignation, Ms. Deng will not hold any position in the Company. The Board announced that, pursuant to the nomination from the general manager of the Company, and followed by the consideration by the human resources and remuneration committee under the Board of the Company, the appointment of Mr. Zhang Jinlin (Mr. Zhang) as deputy general manager of the Company was approved by the Board in a meeting held on 21 November 2023 for a term commencing on the date of approval at the Board meeting and ending on the date of the appointment of the new session of the Board. Mr. Zhang, born in February 1967, holds a postgraduate degree, and is a senior engineer. He started working in July 1988, and served as a technician in the Anhui High-level Expressway Construction Commanding Bureau, the deputy director of the central control room of Anhui High-level Expressway Administration, the director of the central control room of the operation division of Anhui Expressway Holding Corporation, Party's Branch Committee member and deputy director of the Hefei management office of Anhui Expressway Company Limited, Party's Branch Committee member and deputy general manager of Anhui High-level Project Management Co. Ltd., member of the Party Committee and deputy general manager of Anhui Expressway Network Operations Company Limited. From December 2018 to March 2021, he served as the Party's Branch secretary general and chairman of the board of directors of Xuanguang Expressway Company Limited. From March 2021 to October 2023, he served as the secretary of the Party Committee and director of the Wuhu Expressway management center of Anhui Transportation Holding Group. The Board announced that, pursuant to the nomination from the general manager of the Company, and followed by the consideration by the human resources and remuneration committee under the Board of the Company, the appointment of Mr. Wu Jianmin (Mr. Wu) as chief engineer of the Company was approved by the Board in a meeting held on 21 November 2023 for a term commencing on the date of approval at the Board meeting and ending on the date of the appointment of the new session of the Board. Mr. Wu, born in November 1969, has a university degree, a master's degree in engineering, and is a senior engineer. He started working in July 1992, and served as the head of the quality inspection department, deputy project manager, and manager of Anhui Provincial Port & Shipping Engineering Company, the deputy manager of the direct branch of Anhui Provincial Road Port Engineering Company, the deputy director of the Sixu Expressway Construction Office of Anhui Provincial Communications Investment Group, the deputy director of the Xinqiao International Airport Expressway Construction Office, and the Party branch secretary and director of the Jiqi Expressway (Lixin - Huainan section) Construction Office, of Anhui Provincial Communications Investment Group. From April 2016 to June 2020, he served as the Party branch secretary and director of the He'an Expressway Reconstruction and Expansion Project Office of Anhui Transportation Holding Group. From June 2020 to December 2022, he served as the chief engineer of Anhui Transportation Construction Management Co. Ltd. From December 2022 to October 2023, he served as a member of the Party Committee and chief engineer of Anhui Transportation Construction Management Co. Ltd.
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.31 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.31 in 3Q 2022). Revenue: CN¥2.02b (up 73% from 3Q 2022). Net income: CN¥511.3m (flat on 3Q 2022). Profit margin: 25% (down from 43% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 29Anhui Expressway Company Limited Announces Management ChangesThe board of directors of Anhui Expressway Company Limited announced that the Company has recently received the written resignation applications from Mr. Yang Xiaoguang and Mr. Tao Wensheng. Due to retirement, Mr. Yang has tendered his resignation as an executive director and the vice chairman of the Company. Due to change of work arrangement, Mr. Tao has tendered his resignation as an executive director and the general manager of the Company. At the same time, each of them ceased to be a member of the strategic development and investment committee of the Company. The Board announces that, as nominated by the chairman of the Company, uponconsideration by the Human Resources and Remuneration Committee under the Board of the Company, the Board resolved in a meeting held on 28 September 2023 to approve the appointment of Mr. Wang Xiaowen ("Mr. Wang"), in replacement of Mr. Tao, as the general manager of the Company for a term commencing on the date of approval at the Board meeting and ending on the date of the appointment of the new session of the Board. Mr. Wang Xiaowen, born in 1970, has the master degree and the title of senior auditor. He started to work in July 1990, serving as the deputy secretary of the Committee of Chinese Communist Youth League under the Political Section of Anqing RoadTransportation Corporation; the chief of the Finance Section, office director, member of the Committee of the General Party Branch and deputy division director of Gaojie Expressway Management Division, Anhui Expressway Holding Corporation; the secretary of the Party Branch and the executive vice president of Anhui High-speed Logistics Corporation; the secretary of the General Party Branch and chief of He ' an Expressway Management Division, Anhui Transportation Holding Group and the executive director and president of Anhui Anqing Yangtze River Expressway Bridge Limited Liability Company from August 2015 to August 2021; the secretary of the Party Committee and director of He'an Expressway Management Center, Anhui Transportation Holding Group Company Limited and the executive director and president of Anhui Anqing Yangtze River Expressway Bridge Limited Liability Company from August 2021 to December 2022; the chief of the Finance Department, the secretary of the General Party Branch and chief of the Financial Sharing Center, Anhui Transportation Holding Group Company Limited from December 2022 to September 2023.
お知らせ • Sep 22+ 2 more updatesAnhui Transportation Holding Capital Investment Co., Ltd. entered into an agreement to acquire 6.6225% stake in Xin'an Financial Group Co.,LTD from Anhui Expressway Company Limited (SEHK:995) for CNY 66.8 million.Anhui Transportation Holding Capital Investment Co., Ltd. entered into an agreement to acquire 6.6225% stake in Xin'an Financial Group Co.,LTD from Anhui Expressway Company Limited (SEHK:995) for CNY 66.8 million on September 20, 2023. The consideration for the disposal is CNY 66.76 million. Payment will be completed within 5 days after the signing of the Equity Transfer Agreement and the approval from the relevant government authorities having been obtained. Upon completion of the disposals, Anhui Expressway Company will cease to have any interest in Xin'an Financial. Xin'an Financial Group reported Profit before taxation of CNY 94.9209 million, Profit after taxation of CNY 75.11 million. The net assets and total assets were approximately CNY 2,733,115.6 thousand and RMB3,054,372.8 thousand, respectively. The transaction was approved by Directors of Anhui Expressway.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.16 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.16 in 2Q 2022). Revenue: CN¥1.18b (down 36% from 2Q 2022). Net income: CN¥380.0m (up 46% from 2Q 2022). Profit margin: 32% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jun 07Upcoming dividend of CN¥0.55 per share at 7.5% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).
お知らせ • May 11+ 1 more updateAnhui Expressway Company Limited, Annual General Meeting, Jun 09, 2023Anhui Expressway Company Limited, Annual General Meeting, Jun 09, 2023, at 14:30 China Standard Time. Location: conference room of the Company at 520 Wangjiang West Road, Hefei Anhui China Agenda: To consider and approve the working report of the board of directors of the Company for the year 2022; to consider and approve the working report of the supervisory committee of the Company for the year 2022; to consider and approve the audited financial report of the Company for the year 2022; to consider and approve the profit appropriation proposal of the Company for the year 2022; and to discuss other matters.
Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.24 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.24 in 1Q 2022). Revenue: CN¥1.15b (up 19% from 1Q 2022). Net income: CN¥459.5m (up 13% from 1Q 2022). Profit margin: 40% (down from 42% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year.
Buying Opportunity • Dec 24Now 24% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 71% in 2 years. Earnings is forecast to grow by 28% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentThere 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. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Member of Supervisory Committee Yue Jiang is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Jianping Zhang was the last independent director to join the board, commencing their role in 2020. 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.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.23 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥1.17b (up 31% from 3Q 2021). Net income: CN¥507.3m (up 34% from 3Q 2021). Profit margin: 43% (up from 42% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.22 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.22 in 2Q 2021). Revenue: CN¥1.85b (up 120% from 2Q 2021). Net income: CN¥259.9m (down 27% from 2Q 2021). Profit margin: 14% (down from 43% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 16% compared to a 17% growth forecast for the Infrastructure industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 17Upcoming dividend of CN¥0.55 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 9.5%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.6%).
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.23 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.23 in 1Q 2021). Revenue: CN¥966.3m (flat on 1Q 2021). Net income: CN¥406.1m (up 6.3% from 1Q 2021). Profit margin: 42% (up from 40% in 1Q 2021). Over the next year, revenue is forecast to grow 7.5%, compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year.
Board Change • Apr 27Less than half of directors are independentThere 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. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Member of Supervisory Committee Yue Jiang is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Jianping Zhang was the last independent director to join the board, commencing their role in 2020. 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.
Reported Earnings • Mar 30Full year 2021 earnings released: EPS: CN¥0.91 (vs CN¥0.55 in FY 2020)Full year 2021 results: EPS: CN¥0.91 (up from CN¥0.55 in FY 2020). Revenue: CN¥3.92b (up 49% from FY 2020). Net income: CN¥1.51b (up 65% from FY 2020). Profit margin: 39% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.8% compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year.
Reported Earnings • Oct 29Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥893.7m (down 3.5% from 3Q 2020). Net income: CN¥378.6m (up 1.8% from 3Q 2020). Profit margin: 42% (up from 40% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.082 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥840.2m (up 54% from 2Q 2020). Net income: CN¥358.1m (up 164% from 2Q 2020). Profit margin: 43% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.
Executive Departure • Jun 24Members of Supervisory Committee Jiping Chen has left the companyOn the 17th of June, Jiping Chen's tenure as Members of Supervisory Committee ended after less than a year in the role. We don't have any record of a personal shareholding under Jiping's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.25 years.
Upcoming Dividend • May 19Upcoming dividend of CN¥0.23 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 21 July 2021. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.2%).
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.016 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¥847.4m (up 211% from 1Q 2020). Net income: CN¥352.1m (up CN¥378.3m from 1Q 2020). Profit margin: 42% (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 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.55 (vs CN¥0.66 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.63b (down 11% from FY 2019). Net income: CN¥918.5m (down 16% from FY 2019). Profit margin: 35% (down from 37% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 09New 90-day high: €0.56The company is up 29% from its price of €0.43 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.43 per share.
Is New 90 Day High Low • Dec 04New 90-day high: €0.51The company is up 29% from its price of €0.39 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.37 per share.
Is New 90 Day High Low • Nov 19New 90-day high: €0.46The company is up 18% from its price of €0.39 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.40 per share.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥733.4m, down 34% from the prior year. Total revenue was CN¥2.46b over the last 12 months, down 17% from the prior year.
Is New 90 Day High Low • Oct 26New 90-day low: €0.38The company is down 2.0% from its price of €0.39 on 28 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.23 per share.
Is New 90 Day High Low • Sep 26New 90-day high: €0.45The company is up 13% from its price of €0.40 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.25 per share.