Companies ›Real Estate ›180203.SZ

180203.SZ — Shenzhen Stock Exchange Specialized REITs

China Merchants Fund China Merchants Highway Expressway Closed-end Infrastructure Securities Investment Fund

¥7,05

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Mcap

3,5B CNY

P/E

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EV / Rev

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Div yield

8,04 %

Op margin

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About

China Merchants Fund China Merchants Highway Expressway Closed-end Infrastructure Securities Investment Fund operates as a specialized REIT focused on infrastructure investments, primarily in highway assets, generating revenue through toll collection and asset management.

Business. China Merchants Fund China Merchants Highway Expressway Closed-end Infrastructure Securities Investment Fund is a specialized REIT listed on the Shenzhen Stock Exchange under the ticker 180203.SZ. The entity operates within the Real Estate sector, specifically focusing on infrastructure securities investment. As no specific operating segments or geographic details are provided, the company is described at the industry level as a specialized real estate investment trust.

Classification92 %

SectorReal Estate

IndustrySpecialized REITs

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

Profitability

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not yet wired

Quality

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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

No recent newsroom coverage mentioning 180203.

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 · THIS SECTOR−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 180203.SZ. 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

China Merchants Fund China Merchants Highway Expressway Closed-end Infrastructure Securities Investment Fund is a specialized REIT listed on the Shenzhen Stock Exchange under the ticker 180203.SZ. The entity operates within the Real Estate sector, specifically focusing on infrastructure securities investment. As no specific operating segments or geographic details are provided, the company is described at the industry level as a specialized real estate investment trust.

Classification92 %

SectorReal Estate

IndustrySpecialized REITs

AI synthesis

GENERATED

The company maintains a fully diluted share count of 494,416,450, with no difference between basic and diluted shares, indicating no dilution risk from stock options or convertible securities. The market price of $7.05 results in a market capitalization of $3.49 billion, but no liquidity metrics are available due to missing balance-sheet inputs and lack of going-concern language in source documents.

Profitability and return metrics are not available in the valuation snapshot, and no industry-specific preferred metrics are provided in the industry configuration. As a result, a direct comparison to cohort medians cannot be made.

The company's revenue is derived from infrastructure assets, primarily toll roads, but no segment or geographic breakdown is disclosed in the available data. This limits the ability to assess revenue concentration or geographic exposure.

Growth trajectory is not quantified in the outlook, and no numeric deltas are provided for the current or next fiscal year. Historical revenue data is also not available in the input, preventing a detailed growth analysis.

Risk assessment indicates low dilution potential, with no near-term dilution pressure expected. However, liquidity risk could not be assessed due to missing balance-sheet inputs and no going-concern language in source documents.

No recent events, such as filings or transcripts, are provided in the input data to inform the company's current operational or strategic developments.

Key takeaways

The company is a specialized REIT with a focus on highway infrastructure investments.
No dilution risk is currently present, as basic and diluted shares are equal.
Liquidity risk cannot be assessed due to missing financial data.
Growth metrics and segment details are not available in the input data.
The company's market capitalization is $3.49 billion, but no valuation multiples are provided for comparison.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

¥7,05

Market cap

¥3.49B

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Current ratioⓘ

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Debt / equityⓘ

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ROAⓘ

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ROEⓘ

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Cash conversionⓘ

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CapEx / revenueⓘ

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SBC / revenueⓘ

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Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskUnknown

Benchmarks vs cohort

No cohort benchmark data available for this issuer yet.

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

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

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Market Price
input from market-data provider (delayed close or quote-shim mid)
Market Cap
market_price * shares_outstanding_diluted

Source documents

China Merchants Fund China Merchants Highway Expressway Closed-end Infrastructure Securities Investment Fund Market data — financials · 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

180203.SZCanonical

Shenzhen Stock Exchange · CNY

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskUnknown

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

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

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread