Zhejiang Expressway Co. Ltd. Class H · HKEX:576
Zhejiang Expressway Co. Ltd. Class H — H1 2026 Earnings Presentation
28 slides from Zhejiang Expressway Co. Ltd. Class H's earnings presentation, 2026
Slide 1: 2026 Interim Results
股份代碼Stock Code: 0576.HK 2026 Interim Results 1
Slide 2: Agenda
股份代碼Stock Code: 0576.HK 1 Result Highlights 2 Business Review Agenda 3 Reconstruction and Expansion Project 4 Outlook & Growth Strategies 5 Appendix 2
Slide 3: Result Highlights
股份代碼Stock Code: 0576.HK Result Highlights 3
Slide 4: Result Highlights
Result Highlights 股份代碼Stock Code: 0576.HK Result Highlights RMB ’000 1H2026 1H2025 %Change Revenue 10,508,169 8,685,457 21.0% -- Including: Interest income under effective interest method 1,708,497 1,296,628 31.8% Operating costs (7,016,710) (5,244,295) 33.8% Gross profit 3,491,459 3,441,162 1.5% Se
Slide 5: Result Highlights – Revenue
Result Highlights – Revenue 股份代碼Stock Code: 0576.HK Revenue Revenue Breakdown 22,000 19,755 20,000 18,065 Securities Business 18,000 16,965 15,332 43.0% 16,000 14,000 Toll Road Business 12,000 10,508 46.2% 10,000 8,249 8,368 8,685 8,000 7,251 6,000 4,000 Other Business 2,000 10.8% 2022（Restated） 202
Slide 6: Result Highlights – Net Profit
Result Highlights – Net Profit 股份代碼Stock Code: 0576.HK Net Profit Net Profit Breakdown 9,000 7,864 8,000 7,156 6,622 Securities Business 7,000 6,303 42.4% 6,000 5,000 4,346 Toll Road Business 3,925 48.1% 4,000 3,274 3,344 3,000 1,962 2,000 1,000 Other Business 0 9.5% 2022（Restated）2023（Restated） 202
Slide 7: Result Highlights – ROE
Result Highlights– ROE 股份代碼Stock Code: 0576.HK ROE 20.0 17.3 18.0 16.0 16.0 14.0 11.9 12.0 11.0 10.0 8.3 8.0 6.6 6.0 5.5 5.2 6.0 4.0 2.0 0.0 2022（Restated）2023（Restated） 2024 2025 1H2026 Interim Annual To provide shareholders with stable return in the long run 7
Slide 8: Business Review
股份代碼Stock Code: 0576.HK Business Review 8
Slide 9: 1H2026 Market Review
1H2026 Market Review 股份代碼Stock Code: 0576.HK - Economy - - Capital Market - • China implemented more proactive and • In the first half of 2026, the effective macroeconomic policies, international economic and trade developed new quality productive forces order underwent profound and accelerated a ne
Slide 10: Toll Road Business
Toll Road Business 股份代碼Stock Code: 0576.HK Various factors affected Positive factors: Negative factors: • Construction requiring full‑ traffic closure commenced on the • Zhejiang Province registered a 5.7% year‑ on‑ year GDP growth, Xucun‑ Fotang section (Jinhua Section) of Ningbo-Jinhua Expressway;
Slide 11: Toll Road Business – Daily Traffic Volume
Toll Road Business – Daily Traffic Volume 股份代碼Stock Code: 0576.HK Shanghai-Hangzhou-Ningbo Shangsan Expressway Expressway Average Daily Traffic Volume: 88,529 Average Daily Traffic Volume: 29,970 130,000 40,000 2026 2026 90,000 30,000 2025 2025 50,000 2024 20,000 2024 10,000 2023 2023 10,000 1 2 3 4
Slide 12: Toll Road Business – Daily Traffic Volume
Toll Road Business – Daily Traffic Volume 股份代碼Stock Code: 0576.HK LongLiLiLong Expressways Average Daily Traffic Volume: 17,829 33,000 2026 26,000 2025 2024 19,000 2023 12,000 5,000 1 2 3 4 5 6 7 8 9 10 11 12 0.3% Zhajiasu Expressway HuangQuNan Expressway Average Daily Traffic Volume: 31,586 Average
Slide 13: Securities Business
Securities Business 股份代碼Stock Code: 0576.HK • Zheshang Securities recorded operating revenue of Rmb 4,523.40 million, representing a year-on-year increase of 42.1%. • Commission and fee income stood at Rmb 2,814.90 million, up 49.2% year-on-year; interest income amounted to Rmb 1,708.50 million, a y
Slide 14: Long-term Investments——Expressway
Long-term Investments——Expressway 股份代碼Stock Code: 0576.HK Zhejiang Zhijiang Zhejiang HangNing Zhejiang Shaoxing Shengxin Communications Holdings Expressway Co., Ltd. Expressway Co., Ltd. Co., Ltd. • Average daily • Owns 100% equity traffic volume: interest of Yonglan • Owns the 99km 31,467 vehicles,
Slide 15: Long-term Investments——Finance Services
Long-term Investments——Finance Services 股份代碼Stock Code: 0576.HK Zhejiang Communications Yangtze United Financial Investment Leasing Co., Ltd. Group Finance Co., Ltd. • Primarily engaged in • Derives income finance leasing, from interest, fees transferring and and commissions receiving financial leas
Slide 16: Reconstruction and Expansion Project
股份代碼Stock Code: 0576.HK Reconstruction and Expansion Project 16
Slide 17: Overview of Reconstruction and Expansion Project
Overview of Reconstruction and Expansion Project 股份代碼Stock Code: 0576.HK Parallel Line of Ningbo- Zhajiasu Ningbo-Jinhua Expressway Zhoushan Expressway Expressway Toll Road Phase II Nanhu Jinhua Shaoxing Interchange Beilun-Jintang Section Section to Provincial Section Border Mileage 69.7km 73.3km 25
Slide 18: Progress of Reconstruction and Expansion Project
Progress of Reconstruction and Expansion Project 股份代碼Stock Code: 0576.HK Zhajiasu Expressway Parallel Line of Ningbo-Jinhua Ningbo-Jinhua Nanhu Interchange to Toll Road Expressway Expressway Ningbo-Zhoushan Zhejiang-Jiangsu Boundary Jinhua Section Shaoxing Section Expressway Phase II Section Six-lan
Slide 19: Outlook & Growth Strategies
股份代碼Stock Code: 0576.HK Outlook & Growth Strategies 19
Slide 20: Market Outlook
Market Outlook 股份代碼Stock Code: 0576.HK Market Situation Growth Prospects Looking ahead to the second half of 2026, intertwined Benefiting from the sustained steady ‑ to ‑ positive geopolitical tensions and uncertainties over trade policies economic performance of China and Zhejiang Province, solid m
Slide 21: Growth Strategies
Growth Strategies 股份代碼Stock Code: 0576.HK Core Business Industrial Expand Digital Intelligence Capital Operations • Coordinate off-peak • Steadily advance • Improve the low‑ altitude • Diligently operate the underlying construction, collective reconstruction‑ and‑ expansi operation system and explor
Slide 22: Q&A
股份代碼Stock Code: 0576.HK Q&A 22
Slide 23: Appendices
股份代碼Stock Code: 0576.HK Appendices 23
Slide 24: Appendix I: Company Profile
Appendix I: Company Profile 股份代碼Stock Code: 0576.HK About Zhejiang Expressway 0576.HK Zhejiang Expressway is a listed company principally engaging in investing in, developing and operating of high-grade roads as well as securities business. The Company was incorporated on March 1, 1997 ,and listed o
Slide 25: Appendix II: Major Corporate Events
Appendix II: Major Corporate Events 股份代碼Stock Code: 0576.HK "Hong Kong Stock Golden Ox Award" in the 26th Listed Entrusted to operate and manage Zhoudai Companies Golden Ox Awards Bridge and Fuchimen Bridge of Ningbo Zhoushan Port Main Passage and North “Outstanding Listed Company” and “Outstanding
Slide 26: Appendix III: Statement of Financial Position
Appendix III: Statement of Financial Position 股份代碼Stock Code: 0576.HK 1H2026 2025 %Change Bank balances, clearing settlement fund, deposits , cash, time deposits 42,205.10 41,181.41 2.5% Financial assets at fair value through profit or loss 48,781.15 50,479.96 -3.4% Total assets 341,868.20 293,412.9
Slide 27: Appendix IV: Organization Chart
Appendix IV: Organization Chart 股份代碼Stock Code: 0576.HK As of 28 August 2026 Zhejiang Expressway Co., Ltd. 0576.HK Huihang Co Hanghui Co Jinhua Co Zhoushan Co Shangsan Co Shenjiahuhang Wenzhou Zhajiasu Co HangNing Co Co YongTaiWen Co 100% 51% 100% 55% 51% 61.25% 20% 30% 15% SRCB Yangtze Shengxin Co
Slide 28: Appendix V: Expressway Map of Zhejiang Province
Appendix V: Expressway Map of Zhejiang Province 股份代碼Stock Code: 0576.HK 28