Qilu Expressway Q1 2026 Revenue Rises 9.08% on Wind-Power Contribution; Net Profit Slips 5.00%

Bulletin Express04-29 18:05

Qilu Expressway Company Limited reported revenue of RMB537.06 million for the three months ended 31 March 2026, a 9.08% increase year on year, driven by the accelerated commissioning of its wind-power hybrid tower production base. Toll income, the core business line, fell 3.03% to RMB416 million (tax inclusive) as surrounding road network developments diverted traffic.

Quarterly net profit declined 5.00% to RMB114.97 million, reflecting the lower gross‐profit margin of the nascent wind-power hybrid tower segment.

As of 31 March 2026, total non-current assets edged up 0.09% to RMB18.85 billion, while total current assets dropped 24.60% to RMB1.61 billion. On the liability side, non-current liabilities increased 1.95% to RMB10.84 billion, and current liabilities decreased 22.28% to RMB3.10 billion. Total equity stood at RMB6.52 billion, up 2.71% from 31 December 2025.

Management attributed the mixed performance to initial scaling of the wind-power operation and ongoing traffic diversion in the expressway network. The disclosed figures are unaudited.

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