Jiangsu Expressway Stock Rises Nearly 2% as First Three Quarters Net Profit Reaches 3.853 Billion Yuan with Continued Cost Reductions

Stock News10-29 15:38

Jiangsu Expressway (00177) rose nearly 2%, up 1.18% as of press time to HK$11.14, with a turnover of HK$16.9666 million.

Recently, Jiangsu Expressway (00177) released its results for the first three quarters of 2026, showing operating revenue of 15.396 billion yuan, up 18.6% year-on-year; net profit attributable to shareholders of the listed company was 3.853 billion yuan, up 0.42% year-on-year; basic earnings per share were 0.7649 yuan.

A research report from Shenwan Hongyuan pointed out that Jiangsu Expressway's third-quarter results were in line with the firm's expectations. The report noted that in Q3 2026, the company's expense side continued to decline, with the selling expense ratio down 0.02 percentage points year-on-year, the administrative expense ratio down 0.36 percentage points year-on-year, and financial expenses showing significant savings, with the financial expense ratio down 2.45 percentage points year-on-year.

In addition, the company's operating cash flow improved year-on-year, with net operating cash flow reaching 5.615 billion yuan in the first three quarters of 2026, up 3.34% year-on-year.

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