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Anhui Expressway Company
(0995)
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Rating:77Outperform
Price Target:
HK$18.00
â–²(14.72% 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 margins
Recent 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 conversion
Profit 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and margins
Recent 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.
Read all positive factors
Anhui Expressway Company (0995) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$32.63B
Dividend Yield4.76%
Average Volume (3M)546.97K
Price to Earnings (P/E)14.2
Beta (1Y)0.02
Revenue Growth-17.37%
EPS Growth6.37%
CountryHK
Employees2,085
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)1.72
Shares Outstanding542,991,900
10 Day Avg. Volume433,318
30 Day Avg. Volume546,966
Financial Highlights & Ratios
PEG Ratio1.36
Price to Book (P/B)1.54
Price to Sales (P/S)3.02
P/FCF Ratio14.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.21
Revenue Forecast (FY)HK$7.26B
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 maintai...
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 rat...
Anhui Expressway Company Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.33B | 6.55B | 7.09B | 6.63B | 5.21B | 3.92B |
| Gross Profit | 4.60B | 2.87B | 2.45B | 2.62B | 2.25B | 2.34B |
| EBITDA | 5.26B | 3.99B | 3.28B | 3.40B | 3.13B | 3.28B |
| Net Income | 2.95B | 1.83B | 1.67B | 1.66B | 1.45B | 1.51B |
Balance Sheet | ||||||
| Total Assets | 32.17B | 30.46B | 24.41B | 21.74B | 21.30B | 19.92B |
| Cash, Cash Equivalents and Short-Term Investments | 4.20B | 5.25B | 4.78B | 3.95B | 4.73B | 4.32B |
| Total Debt | 15.36B | 14.58B | 7.88B | 5.96B | 6.70B | 5.17B |
| Total Liabilities | 18.29B | 16.22B | 9.55B | 7.62B | 7.80B | 7.98B |
| Stockholders Equity | 12.62B | 12.83B | 13.34B | 12.66B | 11.92B | 11.39B |
Cash Flow | ||||||
| Free Cash Flow | 3.32B | 1.34B | 280.46M | 536.98M | 621.72M | 1.67B |
| Operating Cash Flow | 4.49B | 3.54B | 2.63B | 2.65B | 1.94B | 2.10B |
| Investing Cash Flow | -6.51B | -3.05B | -1.96B | -3.12B | -2.48B | 200.18M |
| Financing Cash Flow | 847.09M | 831.93M | 484.45M | -1.48B | 83.27M | -911.04M |
Anhui Expressway Company Technical Analysis
Positive
15.69
Price Trends
15.27
Positive
15.30
Positive
14.14
Positive
Market Momentum
0.23
Negative
70.71
Negative
95.53
Negative
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 15.69 is above the 20-day moving average (MA) of 15.40, above the 50-day MA of 15.27, and above the 200-day MA of 14.14, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 70.71 is Negative, neither overbought nor oversold. The STOCH value of 95.53 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$32.63B | 14.19 | 15.04% | 4.76% | -17.37% | 6.37% | |
64 Neutral | HK$67.79B | 13.33 | 11.22% | 5.62% | -7.89% | 4.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$22.82B | 19.00 | 4.77% | 4.14% | -1.39% | -16.72% | |
61 Neutral | HK$5.81B | 9.32 | 4.55% | 7.20% | 9.30% | -17.27% | |
60 Neutral | HK$18.93B | 11.76 | 7.89% | 6.98% | 7.83% | -5.65% | |
59 Neutral | HK$3.40B | 7.86 | 7.21% | 8.11% | -52.79% | -10.61% |
* Industrials Sector Average
HK:0995
Anhui Expressway Company
15.95
5.20
48.36%
HK:1052
Yuexiu Transport Infrastructure
3.47
-0.54
-13.55%
HK:0177
Jiangsu Expressway Co
9.97
1.21
13.77%
HK:0107
Sichuan Expressway Co
4.87
0.55
12.78%
HK:0548
Shenzhen Expressway Co
6.78
-0.27
-3.89%
HK:1576
Qilu Expressway Co., Ltd. Class H
1.70
<0.01
0.18%
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 t...
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 sha...
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...
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 unaudit...
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...
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 ...
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 re...
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%. T...
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 und...
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, s...
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 r...
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...
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 diver...
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 ...
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...
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.