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Qilu Expressway Co., Ltd. Class H
(1576)
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Rating:60Neutral
Price Target:
HK$2.00
â–²(9.89% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily constrained by financial performance: revenue volatility, rising leverage, and persistently negative free cash flow outweigh the improved 2025 profitability. Technicals are supportive with the stock trading above major moving averages and positive MACD, while valuation is a tailwind due to a low P/E and high dividend yield.
Positive Factors
Stable toll-road business model
Operating toll-road concessions is a durable, regulated infrastructure business with long-lived assets and steady underlying demand from passenger and freight transport. This creates predictable baseline revenue and essential service status that supports medium-term cash flow stability and strategic planning.
Negative Factors
Severe revenue decline and volatility
A roughly 56% annual revenue drop highlights material exposure to traffic, pricing, or concession headwinds that can sharply alter cash flow. Such top-line volatility undermines forecasting, weakens resilience to shocks, and complicates sustaining capex, dividends, or debt servicing across multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable toll-road business model
Operating toll-road concessions is a durable, regulated infrastructure business with long-lived assets and steady underlying demand from passenger and freight transport. This creates predictable baseline revenue and essential service status that supports medium-term cash flow stability and strategic planning.
Read all positive factors
Qilu Expressway Co., Ltd. Class H (1576) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.40B
Dividend Yield8.11%
Average Volume (3M)16.25K
Price to Earnings (P/E)7.9
Beta (1Y)0.36
Revenue Growth-52.79%
EPS Growth-10.61%
CountryHK
Employees678
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)0.18
Shares Outstanding2,000,000,000
10 Day Avg. Volume25,100
30 Day Avg. Volume16,250
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.52
Price to Sales (P/S)1.40
P/FCF Ratio-9.46
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)N/A
Revenue Forecast (FY)N/A
Qilu Expressway Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Qilu Expressway Company Limited, along with its associated entities, is primarily engaged in the operation and management of expressways across the People's Republic of China. The company's core activities involve the development, upkeep, and dail...
How the Company Makes Money
The company primarily makes money by operating toll expressways and collecting toll revenue from vehicles using its expressway assets. This revenue is typically driven by (i) traffic volume (vehicle counts), (ii) vehicle mix (e.g., passenger cars ...
Qilu Expressway Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.38B | 2.31B | 7.02B | 5.61B | 2.93B | 2.00B |
| Gross Profit | 788.12M | 797.98M | 740.59M | 811.98M | 1.16B | 1.32B |
| EBITDA | 1.40B | 1.39B | 900.36M | 1.07B | 1.37B | 1.59B |
| Net Income | 376.19M | 376.01M | 484.59M | 525.26M | 781.69M | 853.43M |
Balance Sheet | ||||||
| Total Assets | 20.46B | 20.51B | 21.08B | 14.51B | 10.41B | 6.63B |
| Cash, Cash Equivalents and Short-Term Investments | 702.99M | 494.25M | 1.33B | 599.75M | 1.68B | 590.47M |
| Total Debt | 13.13B | 11.05B | 10.68B | 7.17B | 3.84B | 2.65B |
| Total Liabilities | 16.08B | 14.08B | 14.85B | 8.46B | 4.68B | 3.24B |
| Stockholders Equity | 4.20B | 6.25B | 6.08B | 5.92B | 5.61B | 3.39B |
Cash Flow | ||||||
| Free Cash Flow | 309.29M | -341.92M | -3.81B | -3.47B | -761.91M | 1.21B |
| Operating Cash Flow | 2.22B | 1.41B | 853.80M | 964.30M | 730.48M | 1.35B |
| Investing Cash Flow | -1.34B | -1.27B | -4.14B | -4.30B | -3.14B | 336.47M |
| Financing Cash Flow | -597.96M | -125.70M | 3.10B | 3.06B | 2.51B | -1.17B |
Qilu Expressway Co., Ltd. Class H Technical Analysis
Positive
1.82
Price Trends
1.66
Positive
1.65
Positive
1.65
Positive
Market Momentum
0.01
Negative
61.79
Neutral
80.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1576, the sentiment is Positive. The current price of 1.82 is above the 20-day moving average (MA) of 1.68, above the 50-day MA of 1.66, and above the 200-day MA of 1.65, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 61.79 is Neutral, neither overbought nor oversold. The STOCH value of 80.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1576.
Qilu Expressway Co., Ltd. Class H 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% | |
62 Neutral | HK$3.31B | 5.32 | 10.80% | 6.89% | 1.69% | 15.41% | |
61 Neutral | HK$22.82B | 19.00 | 4.77% | 4.14% | -1.39% | -16.72% | |
60 Neutral | HK$3.40B | 7.86 | 7.21% | 8.11% | -52.79% | -10.61% | |
60 Neutral | HK$18.93B | 11.76 | 7.89% | 6.98% | 7.83% | -5.65% |
* Industrials Sector Average
HK:1576
Qilu Expressway Co., Ltd. Class H
1.70
<0.01
0.18%
HK:0995
Anhui Expressway Company
15.95
5.04
46.14%
HK:0177
Jiangsu Expressway Co
9.97
1.15
13.03%
HK:0107
Sichuan Expressway Co
4.87
0.54
12.55%
HK:0548
Shenzhen Expressway Co
6.78
-0.26
-3.76%
HK:1785
Chengdu Expressway Co., Ltd. Class H
2.03
0.08
4.01%
Qilu Expressway Co., Ltd. Class H Corporate Events
Qilu Expressway Posts Higher Revenue but Softer Profit on Toll Traffic Diversions
Jul 24, 2026
Qilu Expressway Company Limited, a PRC-incorporated toll-road operator listed in Hong Kong, generates the bulk of its turnover from toll income on expressways in Shandong. Its asset-heavy balance sheet and reliance on regional traffic patterns und...
Qilu Expressway delays board re-election to maintain operational continuity
Jun 26, 2026
Qilu Expressway Company Limited, a PRC-based expressway operator listed in Hong Kong, manages toll road infrastructure through its group subsidiaries in Shandong and relies on a structured board and senior management system to oversee its operatio...
Qilu Expressway shareholders approve 2025 results and RMB240m final dividend
Jun 26, 2026
Qilu Expressway Company Limited, a PRC-based expressway operator listed in Hong Kong, held its 2025 annual general meeting in Jinan with shareholders and proxies representing about 91.8% of voting shares. The meeting confirmed the company’s ...
Qilu Expressway Updates Final Dividend and Tax Terms for H Shareholders
Jun 26, 2026
Qilu Expressway Company Limited has updated its final dividend for the year ended 31 December 2025, declaring a payout of RMB 0.12 per share, with H-shareholders to receive HKD 0.137981 per share based on a set exchange rate. The dividend, approve...
Qilu Expressway Sets 2025 AGM to Approve Results, Dividends and 2026 Guarantees
Jun 4, 2026
Qilu Expressway Company Limited has called its 2025 annual general meeting for 26 June 2026 in Jinan, Shandong Province, where shareholders will review the board’s 2025 work report and the company’s annual report. The agenda also inclu...
Qilu Expressway Sets Final 2025 Dividend and Payment Timetable
Jun 4, 2026
Qilu Expressway Company Limited has declared a final ordinary dividend of RMB 0.12 per share for the year ended 31 December 2025, subject to shareholder approval on 26 June 2026. The dividend will be paid on 25 August 2026, with the ex-dividend da...
Qilu Expressway Reshapes Top Governance as Shareholders Back New Chairman
May 21, 2026
Shareholders of Qilu Expressway Company Limited approved the appointment of Li Tianzhang as an executive director at an extraordinary general meeting held in Jinan on 21 May 2026, with about 91.78% of issued shares represented and the resolution p...
Qilu Expressway Details Board Composition and Committee Roles
May 21, 2026
Qilu Expressway Company Limited has announced the current composition of its board of directors, detailing executive, non-executive and independent non-executive members, with Li Tianzhang serving as chairman and Gao Yongjun as vice chairman. The ...
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.