Zhejiang Expressway (576) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 rose to RMB 4,364 million, up from RMB 4,002 million year-over-year.

• Net profit attributable to owners increased to RMB 1,479 million from RMB 1,394 million year-over-year.

• Total comprehensive income decreased to RMB 1,749 million from RMB 1,857 million year-over-year.

Financial highlights

• Gross profit reached RMB 1,904 million, up from RMB 1,723 million year-over-year.

• Securities investment gains were RMB 457 million, slightly down from RMB 464 million year-over-year.

• Basic EPS increased to 24.68 RMB cents from 23.25 RMB cents year-over-year.

• Net cash generated from operating activities was RMB 1,095 million, down from RMB 1,214 million year-over-year.

• Cash and cash equivalents at period end were RMB 19,126 million, down from RMB 22,394 million year-over-year.

Segment performance

• Share of profit from associates rose to RMB 290 million from RMB 248 million year-over-year.

• Share of profit from joint ventures increased to RMB 67 million from RMB 14 million year-over-year.