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Huayu Expressway Group Limited
(1823)
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Rating:45Neutral
Price Target:
HK$1.00
â–¼(-13.79% Downside)
Action:Reiterated
Date:08/12/26
The score is held down primarily by weak financial performance—especially the two-year shift to losses and sharply deteriorated/negative free cash flow. Technical indicators are broadly neutral but still point to a larger downtrend, and valuation support is limited because earnings are negative and no dividend yield is provided.
Positive Factors
Toll-road infrastructure model
Operating toll expressway infrastructure gives the company an established, asset-backed business model tied to recurring vehicle usage. Regional economic activity, logistics demand and permitted toll arrangements can support durable revenue generation over multiple periods.
Negative Factors
Recent losses and margin compression
The move from strong profitability to consecutive losses materially weakens the company’s fundamental earnings base. Persistent margin compression could reduce its ability to absorb operating costs, reinvest in infrastructure and convert toll activity into sustainable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Toll-road infrastructure model
Operating toll expressway infrastructure gives the company an established, asset-backed business model tied to recurring vehicle usage. Regional economic activity, logistics demand and permitted toll arrangements can support durable revenue generation over multiple periods.
Read all positive factors
Huayu Expressway Group Limited (1823) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$548.84M
Dividend Yield16.58%
Average Volume (3M)109.73K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth-9.34%
EPS Growth-9.97%
CountryHK
Employees349
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)-0.11
Shares Outstanding471,108,000
10 Day Avg. Volume36,400
30 Day Avg. Volume109,733
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.58
Price to Sales (P/S)2.96
P/FCF Ratio-4.08
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
Huayu Expressway Group Limited Business Overview & Revenue Model
Company Description
Huayu Expressway Group Limited operates as an investment holding firm, primarily involved in funding, developing, running, and overseeing infrastructure initiatives throughout the People's Republic of China. Its operations are divided into three m...
How the Company Makes Money
The company primarily makes money by operating toll expressway infrastructure and collecting toll revenue from vehicles using its expressway. Under its toll road operating model, revenue is generated based on traffic volume (e.g., passenger and fr...
Huayu Expressway Group Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 127.32M | 139.05M | 199.73M | 415.62M | 406.78M | 690.44M |
| Gross Profit | 2.04M | 22.29M | 39.82M | 117.42M | 118.78M | 209.03M |
| EBITDA | -20.23M | 9.26M | 21.87M | 81.37M | 85.71M | 136.07M |
| Net Income | -49.16M | -35.79M | -8.58M | 336.33M | 48.66M | 86.68M |
Balance Sheet | ||||||
| Total Assets | 1.48B | 1.43B | 1.41B | 1.25B | 1.96B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 96.23M | 126.87M | 185.76M | 327.96M | 216.67M | 271.38M |
| Total Debt | 362.13M | 296.13M | 247.52M | 1.46M | 51.65M | 988.98M |
| Total Liabilities | 455.51M | 388.59M | 334.38M | 125.21M | 1.15B | 1.19B |
| Stockholders Equity | 720.79M | 714.41M | 751.14M | 803.83M | 518.17M | 470.67M |
Cash Flow | ||||||
| Free Cash Flow | -196.82M | -100.72M | -428.07M | 8.18M | 170.34M | 171.82M |
| Operating Cash Flow | -59.62M | 12.17M | -250.52M | 63.08M | 198.70M | 202.53M |
| Investing Cash Flow | -130.07M | -115.52M | -93.54M | 153.32M | -116.62M | -141.88M |
| Financing Cash Flow | 165.63M | 46.02M | 217.46M | -157.96M | -94.42M | 12.28M |
Huayu Expressway Group Limited Technical Analysis
Negative
1.16
Price Trends
1.24
Negative
1.37
Negative
1.35
Negative
Market Momentum
-0.03
Positive
37.92
Neutral
30.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1823, the sentiment is Negative. The current price of 1.16 is below the 20-day moving average (MA) of 1.24, below the 50-day MA of 1.24, and below the 200-day MA of 1.35, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 37.92 is Neutral, neither overbought nor oversold. The STOCH value of 30.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1823.
Huayu Expressway Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$31.08B | 14.04 | 15.04% | 4.79% | -17.37% | 6.37% | |
66 Neutral | HK$3.35B | 5.32 | 10.80% | 6.89% | 1.69% | 15.41% | |
64 Neutral | HK$68.06B | 13.56 | 11.22% | 5.52% | -7.89% | 4.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$22.41B | 19.37 | 4.57% | 4.13% | -1.39% | -16.72% | |
60 Neutral | HK$19.42B | 12.15 | 7.80% | 7.02% | 7.83% | -5.65% | |
45 Neutral | HK$548.84M | -8.43 | -6.85% | 16.58% | -9.34% | -9.97% |
* Industrials Sector Average
HK:1823
Huayu Expressway Group Limited
1.10
0.06
5.77%
HK:0995
Anhui Expressway Company
15.85
4.93
45.11%
HK:0177
Jiangsu Expressway Co
10.15
1.33
15.01%
HK:0107
Sichuan Expressway Co
4.85
0.50
11.48%
HK:0548
Shenzhen Expressway Co
6.80
-0.16
-2.34%
HK:1785
Chengdu Expressway Co., Ltd. Class H
2.03
0.08
4.01%
Huayu Expressway Group Limited Corporate Events
Huayu Expressway’s Interim Loss Deepens as Revenue Falls and Costs Rise
Aug 28, 2026
Huayu Expressway Group Limited reported a sharp deterioration in interim results for the six months ended 30 June 2026, as revenue fell 17.4% year-on-year to RMB62.6 million amid higher cost of sales. This shift pushed the group from a gross profi...
Huayu Expressway issues profit warning as revenue drops and losses widen
Aug 24, 2026
Huayu Expressway Group Limited has warned that its unaudited revenue for the six months ended 30 June 2026 will fall to about RMB59.5 million to RMB65.7 million, down from approximately RMB75.8 million a year earlier, with a loss attributable to s...
Huayu Expressway Delays Board Meeting to Finalize Interim Results
Aug 21, 2026
Huayu Expressway Group Limited has postponed its scheduled board meeting originally set for 25 August 2026 to 28 August 2026. The meeting is intended to review and approve the interim results for the six months ended 30 June 2026 and to consider t...
Huayu Expressway Sets August Board Meeting to Review Interim Results and Dividend
Aug 13, 2026
Huayu Expressway Group Limited has scheduled a board meeting for 25 August 2026 in Hong Kong to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of a...
Huayu Expressway Maps Post-2026 Toll Road Strategy and Builds on Exclusive Huamaojiu Distribution
Jul 22, 2026
Huayu Expressway Group has clarified its strategy as its Qing Ping Expressway asset is scheduled to be returned to the PRC government in 2026, which will leave the group without active toll road operations. The company is assessing several express...
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.