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Anhui Expressway Company (0995) AI Stock Analysis

HK:0995

Anhui Expressway Company

(HKEX:0995)

Select Model
Rating:77Outperform
Price Target:HKD 18.00â–²(7.72% Upside)
Action:upgraded
Date:08/29/26

The score is driven primarily by strong financial performance (rapid TTM revenue growth and high margins) alongside positive price trend and momentum signals. Valuation is supportive with a reasonable P/E and an attractive dividend yield. The main constraints are mixed cash-to-earnings conversion and historical variability in leverage.

Positive Factors
Strong revenue growth and marginsRecent top-line re-acceleration and high profitability indicate strong operating economics for the toll-road network. Resilient margins can support recurring earnings and provide capacity to absorb maintenance, traffic, or policy fluctuations.
Negative Factors
Incomplete cash conversionProfit is not fully converting into cash, which may reflect working-capital movements or uneven infrastructure spending. If persistent, weaker conversion could constrain reinvestment, debt reduction, and the reliability of shareholder distributions.

Anhui Expressway Company (0995) vs. iShares MSCI Hong Kong ETF (EWH)

-10%0%10%20%30%40%HK:0995+34.51%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 2.17B
Dividend Yield
4.54%
Average Volume (3M)
796.70K
Price to Earnings (P/E)
15.8
Beta (1Y)
0.03
Revenue Growth
-17.37%
EPS Growth
6.37%
Country
Hong Kong
Employees
2,085
Sector
Industrials
Sector Strength
63
Industry
Industrial - Infrastructure Operations

Anhui Expressway Company Business Overview & Revenue Model

Company Description

Anhui Expressway Company Limited primarily focuses on the development, construction, operation, and management of toll road networks and their associated service facilities throughout Anhui province, People's Republic of China. The company maintains...

How the Company Makes Money

The company primarily makes money by operating toll roads and collecting toll revenue from vehicles that use its expressways. Under its concession/operation arrangements for the expressway assets it manages, traffic volume (vehicle flow), toll rate p...

Anhui Expressway Company Financial Statement Overview

Summary

Strong TTM operating results with ~32% revenue growth and very high profitability (gross margin ~49%, net margin ~31%). Balance sheet looks generally healthy with solid ROE (~15%) and low TTM debt-to-equity (~0.13), though prior-period leverage swings are a key watch item. Cash flow is positive with strong TTM free cash flow growth (~122%), but cash conversion is mixed (FCF/net income ~0.65; OCF/net income ~0.90), indicating earnings are not fully translating into cash in the latest period.

Income Statement

86Very Positive

Balance Sheet

78Positive

Cash Flow

74Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue7.80B6.55B7.09B6.63B5.21B3.92B
Gross Profit3.81B2.87B2.45B2.62B2.25B2.34B
EBITDA5.44B4.02B3.28B3.40B3.13B3.28B
Net Income2.42B1.83B1.67B1.66B1.45B1.51B
Balance Sheet
Total Assets32.17B30.46B24.41B21.74B21.30B19.92B
Cash, Cash Equivalents and Short-Term Investments4.20B5.25B4.78B3.95B4.73B4.32B
Total Debt15.36B14.58B7.88B5.96B6.70B5.17B
Total Liabilities18.29B16.22B9.55B7.62B7.80B7.98B
Stockholders Equity12.62B12.83B13.34B12.66B11.92B11.39B
Cash Flow
Free Cash Flow3.32B1.34B280.46M536.98M621.72M1.67B
Operating Cash Flow4.49B3.54B2.63B2.65B1.94B2.10B
Investing Cash Flow-6.51B-3.05B-1.96B-3.12B-2.48B200.18M
Financing Cash Flow847.09M831.93M484.45M-1.48B83.27M-911.04M

Anhui Expressway Company Technical Analysis

Technical Analysis SentimentPositive
Last Price16.71

Price Trends

50DMA15.85Positive
100DMA15.57Positive
200DMA14.71Positive

Market Momentum

MACD0.24Negative
RSI59.73Neutral
STOCH59.70Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0995, the sentiment is Positive. The current price of 16.71 is above the 20-day moving average (MA) of 16.18, above the 50-day MA of 15.85, and above the 200-day MA of 14.71, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 59.73 is Neutral, neither overbought nor oversold. The STOCH value of 59.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0995.

Anhui Expressway Company Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:0995 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0995HK:099577OutperformHKD 34.68B15.8116.49%4.54%-17.37%6.37%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0177HK:017762NeutralHKD 75.88B15.0310.81%5.00%7.60%4.14%
HK:1052HK:105261NeutralHKD 5.48B8.724.55%7.62%9.30%-17.27%
HK:0107HK:010760NeutralHKD 20.88B12.807.99%6.94%7.83%-2.71%
HK:1576HK:157659NeutralHKD 3.34B7.667.21%8.26%-52.79%-10.61%
HK:0548HK:054856NeutralHKD 22.85B17.675.07%4.23%-0.39%9.97%

* Industrials Sector Average

Performance Comparison

-20%0%20%HK:0995HK:1052HK:0177HK:0107HK:0548HK:1576Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0995 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0995Anhui Expressway Company Class H16.714.3334.93%
HK:1052Yuexiu Transport Infrastructure 3.27-0.73-18.13%
HK:0177Jiangsu Expressway Co Class H11.192.0522.46%
HK:0107Sichuan Expressway Co Class H4.90-0.11-2.29%
HK:0548Shenzhen Expressway Co Class H6.63-0.41-5.87%
HK:1576Qilu Expressway Co., Ltd. Class H1.670.021.15%

Anhui Expressway Company Corporate Events

Anhui Expressway Boosts Interim Profit Despite Revenue Decline

Aug 27, 2026

Anhui Expressway Company Limited reported unaudited interim results for the six months ended 30 June 2026, showing a decline in revenue to RMB3.23 billion from RMB3.74 billion a year earlier but an improvement in profitability. Gross profit rose to R...

Anhui Expressway Shareholders Approve All EGM Resolutions and Add Non-Executive Director

Aug 25, 2026

Anhui Expressway Company Limited announced that all resolutions put to shareholders at its extraordinary general meeting on 25 August 2026 were approved by poll, with Ernst & Young acting as scrutineer for the vote-taking. The meeting covered a s...

Anhui Expressway Details Board Composition and Committee Structure to Bolster Governance

Aug 25, 2026

Anhui Expressway Company Limited has announced the current composition of its board of directors, which includes a mix of executive, non-executive, independent non-executive, and an employee director, chaired by Mr. Wang Xiaowen. This structure is in...

Anhui Expressway Reschedules Board Meeting on Interim Results

Aug 17, 2026

Anhui Expressway Company Limited has rescheduled its upcoming board meeting, originally set for 24 August 2026, to 27 August 2026 due to adjustments in internal work arrangements. The meeting will still focus on reviewing and approving the unaudited...

Anhui Expressway Announces Planned Resignation of Independent Non-Executive Director

Aug 14, 2026

Anhui Expressway Company Limited announced that independent non-executive director Zhang Jianping has tendered his resignation, as his term will reach six consecutive years in August 2026 under the Administrative Measures for Independent Directors of...

Anhui Expressway Sets August Board Meeting to Review Interim 2026 Results

Aug 12, 2026

Anhui Expressway Company Limited has scheduled a board meeting for 24 August 2026 in Hefei, Anhui, to review and approve the unaudited interim results for the six months ended 30 June 2026, along with other potential related matters. The upcoming res...

Anhui Expressway Calls EGM to Approve Service Framework Deal and Board Appointment

Aug 5, 2026

Anhui Expressway Company Limited has called an extraordinary general meeting for 25 August 2026 in Hefei, where shareholders will vote on key resolutions affecting its operations and governance. The agenda highlights the company’s ongoing relia...

Anhui Expressway Raises RMB0.8 Billion in PRC Bond Issue, Cancels Second Tranche

Jul 30, 2026

Anhui Expressway Company Limited has completed the issuance of its 2026 Phase 1 corporate bonds to professional investors in the mainland Chinese market, raising RMB0.8 billion through a three-year Type 1 tranche carrying a coupon rate of 1.51%. The...

Anhui Expressway to Issue RMB800 Million in Onshore Corporate Bonds

Jul 27, 2026

Anhui Expressway Company plans to tap China’s onshore bond market with a new issuance aimed at professional investors, following prior regulatory approval for up to RMB5 billion in corporate bonds within a 24‑month window. The move unders...

Anhui Expressway Sets 2026 Cost-Sharing Framework for ETC Card Issuance

Jul 23, 2026

Anhui Expressway Company Limited and several of its subsidiaries have signed 2026 ETC cost-sharing agreements with Anhui Transport Investment Toll Collection Company to apportion the issuance costs of electronic toll collection cards. The costs, set...

Anhui Expressway Seeks Independent Shareholder Approval for Major Construction Services Deal

Jul 8, 2026

Anhui Expressway Company has entered into a Construction and Other Services Framework Agreement with its controlling shareholder, Anhui Transportation Holding Group, under which the latter and its controlled entities may provide construction and rela...

Anhui Expressway Adjusts Board Line-up With Director Resignation and New Nomination

Jul 8, 2026

Anhui Expressway Company Limited announced the resignation of non-executive director Yang Jianguo, who is also leaving his role on the audit committee due to changes in his work arrangements. The company stressed that his departure will not reduce th...

Anhui Expressway Sets Out Board Line-Up and Committee Roles

Jul 8, 2026

Anhui Expressway Company Limited has announced the current composition of its board of directors, led by Chairman and executive director Wang Xiaowen, alongside executive, non-executive, independent non-executive, and employee directors. The diversif...

Anhui Expressway Shareholders Back All Resolutions at 2025 AGM

Jun 26, 2026

Shareholders of Anhui Expressway Company Limited approved all resolutions at the 2025 annual general meeting held on June 26, 2026, with each item receiving well over the required majority of votes. The board and audited financial report for 2025 wer...

Anhui Expressway Sets 2025 Final Dividend and Outlines Tax Treatment for H-Share Investors

Jun 26, 2026

Anhui Expressway Company Limited has announced a final cash dividend of RMB 0.66 per share for the financial year ended 31 December 2025, with shareholders approving the payout on 26 June 2026. For H-share investors in Hong Kong, the dividend will be...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 29, 2026