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Zhejiang Expressway Co., Ltd. (0576.HK)

HKD6.36 +0.01 (+0.16%)
CN HKSE Industrials Industrial - Infrastructure Operations
Address No. 2 Mingzhu Intl. Business Ctr 310020
Hangzhou, CN
CEO Jiang Libiao
Website zjec.com.cn
IPO 1997-05-15
ISIN CNE1000004S4

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 0576.HK (HKD) London Stock Exchange · ZHEH.L (GBp) Other OTC · ZHEXF (USD)
Description

Zhejiang Expressway Co., Ltd. functions as an investment holding entity primarily engaged in China's road infrastructure sector. Its comprehensive activities span the investment, construction, management, and maintenance of high-grade thoroughfares throughout the People's Republic. The company's business is structured into several key divisions: Toll Operations, which manages and collects fees from these expressways; Securities Operations, offering a broad spectrum of financial services such as brokerage for securities and futures, margin lending, underwriting, asset management, advisory, and proprietary trading; and the Others segment, which includes hotel management, new road construction projects, investments in other financial institutions, and various auxiliary services. Additionally, the company provides essential support services like vehicle towing, repairs, and emergency roadside assistance. Founded in 1997 and based in Hangzhou, PRC, Zhejiang Expressway Co., Ltd. is a subsidiary of Zhejiang Communications Investment Group Co., Ltd.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD6.36 +0.01 (+0.16%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
0.15
Float Shares
1.66B
Free Float %
27.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.28% -4.62% -8.36% -6.40% -9.88% -2.09% +10.03% +20.00% +15.08% +4.15% +538.18%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.36
DCF (Unlevered) 129.65 +1,938.5%
DCF (Levered) 124.67 +1,860.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 -1
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.48
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Industrial - Infrastructure Operations: +6.5%
    +6.5% Q1'26: +20.8% (vs Q1'25)
  • ✗
    EPS growth Industrial - Infrastructure Operations: +11.1%
    -5.5% Q1'26: -12.0% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Industrial - Infrastructure Operations: +42.0%
    -1.5% Q1'26: +63.7% (vs Q1'25)
  • ✓
    EBIT margin Industrial - Infrastructure Operations: +28.4%
    +33.3% ★ Q1'26: +38.1% (vs Q1'25)
  • ✗
    ROIC Industrial - Infrastructure Operations: +6.7%
    +13.0% ★ Q1'26: +16.3% (vs Q1'25)
  • ✗
    Share dilution Industrial - Infrastructure Operations: +0.0%
    +0.3% Q1'26: +0.7% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Industrial - Infrastructure Operations: 1.25×
    10.92× ★ Q1'26: 13.97× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.17) × ERP
WACC = 25% × Ke + 75% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 129.57 Current price: 6.36
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
2 Rev. Ana.
2 EPS Ana. 		Dec 2027
4 Rev. Ana.
4 EPS Ana. 		Dec 2028
2 Rev. Ana.
3 EPS Ana.
Revenue
12.51B
est: 13.82B (-9.5%)
9.74B
est: 12.44B (-21.7%)
9.63B
est: 11.82B (-18.5%)
9.57B
est: 10.64B (-10.1%)
11.96B
est: 12.26B (-2.5%)
12.45B
est: 14.04B (-11.3%)
16.26B
est: 19.72B (-17.5%)
15.33B
est: 16.98B (-9.7%)
16.97B
est: 17.83B (-4.9%)
18.06B
est: 17.72B (+2.0%)
19.24B
est: 19.75B (-2.5%)
20.94B
20.22B – 21.66B
+6.0% YoY
21.46B
18.16B – 25.90B
+2.5% YoY
23.28B
21.01B – 26.19B
+8.5% YoY
EBITDA
6.77B
est: 8.81B (-23.2%)
6.72B
est: 7.93B (-15.3%)
6.24B
est: 7.54B (-17.2%)
6.63B
est: 6.79B (-2.4%)
8.14B
est: 7.82B (+4.1%)
7.11B
est: 8.96B (-20.6%)
9.63B
est: 12.58B (-23.4%)
9.35B
est: 10.83B (-13.7%)
10.49B
est: 11.38B (-7.8%)
14.41B
est: 10.93B (+31.9%)
10.28B
est: 12.18B (-15.6%)
12.91B
12.47B – 13.36B
+6.0% YoY
13.24B
11.20B – 15.97B
+2.5% YoY
14.36B
12.96B – 16.15B
+8.5% YoY
EBIT
6.00B
est: 5.87B (+2.2%)
5.56B
est: 5.28B (+5.3%)
5.73B
est: 5.02B (+14.2%)
6.40B
est: 4.52B (+41.6%)
7.39B
est: 5.21B (+42.0%)
4.26B
est: 5.96B (-28.5%)
6.56B
est: 8.37B (-21.7%)
5.79B
est: 7.21B (-19.7%)
7.01B
est: 7.57B (-7.4%)
10.60B
est: 6.96B (+52.2%)
6.41B
est: 7.76B (-17.4%)
8.23B
7.95B – 8.51B
+6.0% YoY
8.44B
7.14B – 10.18B
+2.5% YoY
9.15B
8.26B – 10.29B
+8.5% YoY
Net Income
2.99B
est: 4.29B (-30.3%)
3.04B
est: 3.98B (-23.7%)
3.20B
est: 4.85B (-34.0%)
3.48B
est: 4.85B (-28.2%)
3.71B
est: 5.16B (-28.0%)
2.42B
est: 3.91B (-38.2%)
4.76B
est: 7.53B (-36.7%)
5.18B
est: 6.01B (-13.8%)
5.22B
est: 5.96B (-12.3%)
5.50B
est: 5.38B (+2.3%)
5.19B
est: 5.32B (-2.5%)
5.85B
5.73B – 5.96B
+9.8% YoY
6.12B
5.93B – 6.32B
+4.7% YoY
6.22B
5.43B – 7.23B
+1.5% YoY
SGA
108.63M
est: 146.31M (-25.8%)
81.69M
est: 131.71M (-38.0%)
98.50M
est: 125.13M (-21.3%)
99.84M
est: 112.72M (-11.4%)
136.36M
est: 129.81M (+5.0%)
140.34M
est: 148.66M (-5.6%)
173.45M
est: 208.81M (-16.9%)
172.62M
est: 179.79M (-4.0%)
183.98M
est: 188.83M (-2.6%)
160.89M
est: 182.12M (-11.7%)
187.04M
est: 202.98M (-7.9%)
215.23M
207.82M – 222.63M
+6.0% YoY
220.62M
186.64M – 266.23M
+2.5% YoY
239.29M
216.00M – 269.20M
+8.5% YoY
EPS
0.69
est: 0.72 (-3.7%)
0.70
est: 0.66 (+5.4%)
0.74
est: 0.81 (-8.6%)
0.76
est: 0.81 (-6.1%)
0.85
est: 0.86 (-1.2%)
0.56
est: 0.65 (-14.2%)
1.01
est: 1.26 (-19.6%)
1.14
est: 1.00 (+13.7%)
1.13
est: 0.99 (+13.7%)
0.92
est: 0.89 (+2.8%)
0.86
est: 0.89 (-2.9%)
0.97
0.95 – 0.99
+9.8% YoY
1.02
0.99 – 1.05
+4.7% YoY
1.03
0.90 – 1.20
+1.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-04-30 A 4/5 5/5 4/5 3/5 1/5 4/5 5/5
2026-04-29 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-28 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-27 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-24 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-23 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-22 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-21 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-20 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-17 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-16 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
9.69B
OE per share TTM
1.49
Owner's Yield
22.77%
Maintenance CapEx ratio
35.89%
Maint CapEx / Avg PPE
37.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 71 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Emerging Markets Infrastructure ETF EMIF 1.50% 198.2K 0.60%
2 TD Active Global Infrastructure Equity ETF TINF.TO 0.72% 2.26M 0.73%
3 State Street SPDR S&P Emerging Markets Dividend ETF EDIV 0.57% 6.93M 0.49%
4 Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF EMHD.L 0.53% 1.51M 0.49%
5 iShares EM Dividend UCITS ETF IEDY.L 0.51% 7.45M 0.65%
6 State Street SPDR S&P Global Infrastructure ETF GII 0.51% 4.90M 0.40%
7 iShares Emerging Markets Dividend ETF DVYE 0.51% 6.07M 0.50%
8 iShares Global Infrastructure ETF IGF 0.50% 54.03M 0.39%
9 First Trust Emerging Markets AlphaDEX UCITS ETF FEMU.L 0.38% 55.6K 0.80%
10 WisdomTree Emerging Markets Equity Income UCITS ETF DEMD.L 0.13% 348.2K 0.46%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
624.4K
Shares Outstanding
6.01B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Wei Li Deputy GM & Executive Director 1M male
Hui Zheng Company Secretary 1M male
Jiang Libiao CFO & Senior Accountant 299.1K male
Lijian Wang Deputy General Manager 295.6K male
Yubing Wang Manager of Audit and Legal Department — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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