공시 • Jun 28
Qilu Expressway Company Limited Approves Final Dividend for the Year Ended 31 December 2025, Payable on August 25, 2026 Qilu Expressway Company Limited held its 2025 Annual General Meeting on 26 June 2026. The Board announced that the payment of the 2025 Final Dividend for the year ended 31 December 2025 in an aggregate amount of RMB 240,000,000 (tax inclusive), that is, RMB 0.12 (tax inclusive) per Share, was approved at the 2025 AGM. The 2025 Final Dividend is expected to be paid on 25 August 2026 to the Shareholders whose names appear on the register of members of the Company after the closing of market on 8 July 2026. Such dividend will be denominated and declared in Renminbi, and paid to the Shareholders holding H Shares through H Share "Full Circulation" in Renminbi, and paid to the other Shareholders in Hong Kong dollars. The exchange rate for the dividend paid in Hong Kong dollars shall be the average middle rate for the five business days preceding the date of declaration of such dividend at the 2025 AGM as announced by the People's Bank of China, which was HKD 1 to RMB 0.869686. As such, the dividend for each H Share of the Company is HKD 0.137981 (tax inclusive). Upcoming Dividend • Jun 25
Upcoming dividend of CN¥0.12 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 25 August 2026. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%). Declared Dividend • May 21
Dividend of CN¥0.12 announced Shareholders will receive a dividend of CN¥0.12. Ex-date: 2nd July 2026 Payment date: 31st August 2026 Dividend yield will be 71%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (67% 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 decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 10% EPS decline seen over the last 5 years. 공시 • Apr 01
Qilu Expressway Company Limited, Annual General Meeting, Jun 26, 2026 Qilu Expressway Company Limited, Annual General Meeting, Jun 26, 2026. 공시 • Mar 19
Qilu Expressway Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Qilu Expressway Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 공시 • Aug 18
Qilu Expressway Company Limited to Report First Half, 2025 Results on Aug 28, 2025 Qilu Expressway Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 공시 • Jul 25
Qilu Expressway Company Limited Provides Earnings Guidance for the Six Months Ended June 30, 2025 Qilu Expressway Company Limited provided earnings guidance for the six months ended June 30, 2025. for the period, the company expects Revenue of RMB 1,067,397,000, Profit and total comprehensive income of RMB 198,204,000. 공시 • Jun 26
Qilu Expressway Company Limited Approves Final Cash Dividend for the Year Ended 31 December 2024, Payable on 29 August 2025 Qilu Expressway Company Limited at its AGM held on June 26, 2025 approved the Profit Distribution and Dividend Distribution Plan of the Company for 2024. The Board announced that the payment of the 2024 Final Dividend for the year ended 31 December 2024 in an aggregate amount of RMB 200,000,000 (tax inclusive), that is, RMB 0.1 (tax inclusive) per Share, was approved at the 2024 AGM. The 2024 Final Dividend is expected to be paid on 29 August 2025 to the Shareholders whose names appear on the register of members of the Company after the closing of market on 8 July 2025. 공시 • Apr 09
Qilu Expressway Company Limited Announces Resignations of an Executive Director and Chairman of the Supervisory Committee, with Effect from 9 April 2025 The board of directors of Qilu Expressway Company Limited announced that due to work adjustments, Mr. Liu Qiang ("Mr. Liu") resigned as an executive Director and Mr. Wang Shenan ("Mr. Wang") resigned as the chairman of the supervisory committee of the Company (the "Supervisory Committee") and a supervisor of the Company, with effect from 9 April 2025. 공시 • Mar 12
Qilu Expressway Company Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Qilu Expressway Company Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 공시 • Jan 24
Qilu Expressway Company Limited Announces Resignation of Su Xiaodong as Non-Executive Director The board of directors of Qilu Expressway Company Limited announced that due to attaining the statutory retirement age, Mr. Su Xiaodong resigned as a non-executive Director with effect from 24 January 2025. 공시 • Dec 21
Qilu Expressway Company Limited Announces Resignation of Ma Xianghui as Non-Executive Director and A Member of the Strategy Committee of the Board Qilu Expressway Company Limited announced that due to work reallocation, Mr. Ma Xianghui (Mr. Ma) has resigned as a non-executive Director and a member of the Strategy Committee of the Board with effect from 20 December 2024. Buy Or Sell Opportunity • Oct 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €0.25. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has declined by 22%. Buy Or Sell Opportunity • Oct 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.0% to €0.24. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has declined by 22%. 공시 • Aug 20
Qilu Expressway Company Limited to Report First Half, 2024 Results on Aug 30, 2024 Qilu Expressway Company Limited announced that they will report first half, 2024 results on Aug 30, 2024 공시 • Jun 26
Qilu Expressway Company Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on 30 August 2024 Qilu Expressway Company Limited approves final dividend of RMB 0.15 per share for the Year Ended 31 December 2023 at its Annual General Meeting held on 26 June 2024. The final dividend is expected to be paid on 30 August 2024; Ex-dividend date: 02 July 2024; Record date: 09 July 2024. 공시 • Mar 29
Qilu Expressway Company Limited, Annual General Meeting, Jun 26, 2024 Qilu Expressway Company Limited, Annual General Meeting, Jun 26, 2024. Agenda: To consider Proposed Distribution of the 2023 Final Dividend. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.39 in FY 2022) Full year 2023 results: EPS: CN¥0.25 (down from CN¥0.39 in FY 2022). Revenue: CN¥5.61b (up 91% from FY 2022). Net income: CN¥525.3m (down 33% from FY 2022). Profit margin: 9.4% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. 공시 • Mar 28
Qilu Expressway Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 30 August 2024 Qilu Expressway Company Limited proposed final dividend of RMB 0.15 per share for the year ended 31 December 2023 payable on 30 August 2024. Record date is on 09 July 2024. Ex-dividend date is on 02 July 2024. Date of shareholders' approval is on 26 June 2024. 공시 • Mar 27
Qilu Expressway Company Limited Appoints Liu Yan as Deputy General Manager The board of directors of Qilu Expressway Company Limited announced that Ms. Liu Yan (‘Ms. Liu’) has been appointed as the deputy general manager of the Company with the term of office commencing from the date of this announcement and up to the expiry of the term of office of the third session of the Board. Ms. Liu Yan, aged 50, was a section member of the finance department and the head of the settlement section of COSCO Tianjin International Freight Co. Ltd. from July 1996 to April 2000; the manager of the finance department of Tianjin Tianyi Enterprises Co. Ltd. from April 2000 to October 2000; the head of the fund section, the deputy manager of the finance department and the head of the accounting section of COSCO Tianjin International Freight Co. Ltd. from October 2000 to April 2004; the domestic project manager of COSCO Shipping Ports Limited from April 2004 to March 2005; the chief accountant of Tianjin Tianyong Expressway Co. Ltd. and Tianjin Tian'ang Expressway Co. Ltd. from March 2005 to August 2008; and the chief accountant of Tianjin Tian'ang Expressway Co. Ltd. from August 2008 to March 2024. As at the date of this announcement, Ms. Liu has ceased to hold the above positions. Ms. Liu graduated from Tianjin University of Finance and Economics in July 1996 and obtained a bachelor's degree in economics (majoring in accounting), and obtained a master's degree in economics from Tianjin University of Finance and Economics in July 1999, majoring in international trade. Ms. Liu is a senior accountant. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). High level of non-cash earnings (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). 공시 • Mar 15
Qilu Expressway Company Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Qilu Expressway Company Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 공시 • Jan 06
Qilu Expressway Company Limited Announces Resignation of Xu Yuehong as Deputy General Manager The board (the "Board") of directors (the "Directors") of Qilu Expressway Company Limited (the "Company") hereby announces that Ms. Xu Yuehong ("Ms. Xu") resigned as the deputy general manager of the Company as she has reached the statutory age for retirement, with effect from 5 January 2024. Ms. Xu has confirmed with the Company that she has no disagreement with the Board, and there are not any other matters regarding her resignation from the above position that need to be brought to the attention of the shareholders of the Company.