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0576.HK — HKEX Highways & Rail Tracks

Zhejiang Expressway Co Ltd

HK$6,65
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Mcap
40,2B HKD
P/E
—
EV / Rev
—
Div yield
5,78 %
Op margin
50,7 %
ROE
10,6 %
Net margin
27,0 %
Debt / equity
2,23
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
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TR 1Y
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About

Zhejiang Expressway Co Ltd operates toll roads and transportation infrastructure in China, generating revenue primarily through toll fees collected from road users.

Business. Zhejiang Expressway Co Ltd (0576.HK) is a transportation company operating in the highways and rail tracks industry. The firm is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %
SectorIndustrials
Business sectorTransportation
IndustryHighways & Rail Tracks
ActivityTransportation
Generated · model-assisted
Sell-side consensus
BUY5 analysts
2 buy3 hold0 sell
Avg 12m price target7,81

Analyst recommendations

5 analysts · consensus Buy
Buy2
Hold3
Sell0
12-month price target
7,81
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
5 analysts · indicative
Ownership
—
not yet wired
Profitability→
10,6 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 0576.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 0576.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Zhejiang Expressway Co Ltd (0576.HK) is a transportation company operating in the highways and rail tracks industry. The firm is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorIndustrials
    Business sectorTransportation
    IndustryHighways & Rail Tracks
    ActivityTransportation
    AI synthesis
    GENERATED

    Zhejiang Expressway maintains a capital structure with a debt-to-equity ratio of 2.23, indicating a significant reliance on debt financing. The company's liquidity position is characterized by a current ratio of 1.32, suggesting moderate short-term liquidity. However, the firm's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

    In terms of profitability, Zhejiang Expressway reports a return on equity (ROE) of 10.57%, which is relatively strong compared to the industry median for transportation infrastructure firms. The return on assets (ROA) of 1.81% is lower, indicating that the company is not efficiently utilizing its asset base to generate returns.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes in China.

    Zhejiang Expressway's growth trajectory is modest, with no significant revenue growth reported in the latest financial period. The company's capital expenditures are negative, suggesting a reduction in infrastructure investments, which may impact long-term growth potential.

    The company faces moderate liquidity risk due to its high debt levels and negative net cash position. While dilution risk is currently low, the firm's reliance on debt financing could increase the likelihood of future equity dilution if refinancing conditions deteriorate.

    Recent filings and transcripts indicate that the company is focused on maintaining operational efficiency and managing debt levels. No major strategic shifts or new projects have been disclosed in the latest reports.

    Key takeaways
    • Zhejiang Expressway has a strong ROE of 10.57% but a weak ROA of 1.81%, indicating inefficiencies in asset utilization.
    • The company's debt-to-equity ratio of 2.23 highlights a heavy reliance on debt financing.
    • Analysts have a cautiously optimistic outlook, with a mean price target of 7.81 CNY and a mean recommendation of 2.40.
    • The firm's lack of geographic and segment diversification increases exposure to regional risks.
    • Negative net cash after debt suggests potential liquidity constraints.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$6,65
    Market cap
    HK$40.15B
    Enterprise valueⓘ
    HK$128.74B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    30.6x
    P / Bⓘ
    0.8x
    P / Tangible bookⓘ
    0.8x
    Tangible book
    HK$50.38B
    Net cashⓘ
    -HK$88.59B
    Current ratioⓘ
    1.3
    Debt / equityⓘ
    2.2
    ROAⓘ
    1.8%
    ROEⓘ
    10.6%
    Cash conversionⓘ
    79.0%
    CapEx / revenueⓘ
    -8.6%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,95
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    5
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-20 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate0,95
    Revenue—no estimate—no estimate21,6B CNY
    Operating income—no estimate—no estimate9,5B CNY
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution5 analysts
    Strong buy1
    Buy1
    Hold3
    Sell0
    Strong sell0
    12-month price targetHK$7,81 · Median HK$7,88
    Low HK$7,20High HK$8,30
    Operating income · consensus9,5B CNY
    EPS surprise
    −6,7 %
    reported vs consensus · miss
    Revenue surprise
    −8,7 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$7,20
    MeanHK$7,81
    MedianHK$7,88
    HighHK$8,30
    SpotHK$6,65
    +17.5 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin50,7 %Above P75
    Net Margin27,0 %Above median
    ROE10,6 %Above median
    Capex / Rev-8,6 %Above median
    D/E2,23Bottom quartile
    Cash Conv0,79Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • Zhejiang Expressway Co Ltd Market data — financials · 2026-05-26
    • Zhejiang Expressway Co Ltd Market data — analyst estimates · 2026-05-26
    • Zhejiang Expressway Co Ltd Market data — ESG · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    0576.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage