Qilu Expressway Sees 2.35% Revenue Decline, 12.60% Profit Drop in First Nine Months of 2026

Bulletin Express10-30

Qilu Expressway disclosed unaudited results for the nine months ended 30 September 2026, highlighting softer operating performance amid lower toll collections.

Revenue slipped 2.35% year on year to RMB 1.73 billion, weighed down by a 4.61% contraction in toll income to RMB 1.25 billion, which management attributed to traffic diversion and interception from surrounding road networks.

Net profit and total comprehensive income fell 12.60% to RMB 303.07 million, reflecting the combined impact of reduced toll revenue and lower investment income following the maturity of certain projects.

Balance-sheet metrics remained relatively stable versus 30 June 2026: • Total non-current assets stood at RMB 18.45 billion, down 1.01%. • Total current assets decreased 1.20% to RMB 1.80 billion. • Total non-current liabilities declined 2.10% to RMB 10.55 billion, while current liabilities fell 2.82% to RMB 3.23 billion. • Total equity inched up 1.74% to RMB 6.47 billion, supported by retained earnings despite the profit contraction.

The company emphasized that these figures are unaudited and advised shareholders and potential investors to exercise caution when dealing in its securities.

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