Zhejiang Expressway (576) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, reached RMB 14,130 million, up from RMB 12,980 million year-over-year.

• Net profit for the period was RMB 6,169 million, compared to RMB 5,199 million in the prior year.

• Total comprehensive income decreased to RMB 5,885 million from RMB 5,498 million year-over-year.

Financial highlights

• Gross profit was RMB 5,032 million, down from RMB 5,452 million year-over-year.

• Securities investment gains surged to RMB 2,482 million from RMB 1,030 million year-over-year.

• Earnings per share (basic) rose to 69.91 RMB cents from 68.87 RMB cents year-over-year.

• Net cash generated from operating activities was RMB 3,043 million, down from RMB 8,886 million year-over-year.

• Cash and cash equivalents at period end increased to RMB 28,090 million from RMB 20,589 million year-over-year.

Outlook and guidance

• No explicit forward-looking statements or guidance provided in the document.