Zhejiang Expressway Co. Ltd. Class H · HKEX:576
Zhejiang Expressway Co. Ltd. Class H — FY2024 Earnings Presentation
33 slides from Zhejiang Expressway Co. Ltd. Class H's earnings presentation, March 2025
Slide 1: 2024 Annual Results: Empowering with Intelligent Technology and Rebuilding Value
股份代碼Stock Code: 0576.HK 2024 Annual Results Stock Code: 0576 Empowering with Intelligent Technology and Rebuilding Value
Slide 2: Agenda
股份代碼Stock Code: 0576.HK Agenda 01 02 Result Highlights Business Review 03 04 Reconstruction and Financial Services Expansion Project Connected Transactions 05 06 Outlook & Growth Appendix Strategies 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 财务表现 2024 2024 2023 2023（重列） %Change %增长率 人民币 千元 财务表现 人民币 千元 18,064,824 16,965,024 6.5% Revenue -- Including: Interest income under effective interest method 2,490,359 2,452,400 1.5% Operating costs (10,812,360) (9,765,685) 10.7% G
Slide 5: Result Highlights – Revenue
Result Highlights– Revenue 股份代碼Stock Code: 0576.HK 净利润走势 Revenue Revenue Breakdown RMB million 20,000 18,065 16,641 16,965 15,332 Securities Business 15,000 12,724 Toll Road Business 34.23% 59.02% 10,000 5,000 0 Other Business 6.75% Overall revenue for the Group was RMB 18,065 million, an increase o
Slide 6: Result Highlights – Net Profit
Result Highlights– Net Profit 股份代碼Stock Code: 0576.HK 收益走势 Net Profit Net Profit Breakdown RMB million 9,000 7,156 5,980 6,303 6,622 Toll Road Business 61.51% Securities Business 6,000 27.67% 2,955 3,000 0 Other Business 10.82% 2024 EPS (basic/diluted): RMB 91.79 Cents / RMB 90.50 Cents 6
Slide 7: Result Highlights – ROE & Dividend
Result Highlights– ROE & Dividend 股份代碼Stock Code: 0576.HK 净利润走势 ROE Dividend % RMB Cent 20.0 50 16.8 17.3 16.0 37.5 37.5 38.5 40 35.5 15.0 32 11.9 8.8 30 10.0 20 5.0 10 0.0 0 2020 2021 2022 2023 2024 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: 2024 Market Review
2024 Market Review 股份代碼Stock Code: 0576.HK Economy • In Q1-Q3, domestic capital market experienced drastic fluctuations; • In Q4, favorable policies and • China GDP growth: 5.0% y-o-y restored market confidence China’s economic operation was improved the activity level of generally stable in steady
Slide 10: Toll Road Business
Toll Road Business 股份代碼Stock Code: 0576.HK Various factors affected Positive factors： Negative factors: • Total import and export of goods in Zhejiang increased by • Toll-free duration for passenger cars increased by 2 股东回报率走势 7.4% y-o-y, effectively driving freight transportation demand; 派息走势 days
Slide 11: Toll Road Business – Daily Traffic Volume
Toll Road Business – Daily Traffic Volume 股份代碼Stock Code: 0576.HK 2.84% Shanghai-Hangzhou-Ningbo Expressway -1.21% Shangsan Expressway 人民币Daily Average 千元Traffic Volume: 91,239 Average Daily Traffic Volume: 32,327 派息走势 130,000 股东回报率走势 2024 40,000 90,000 2024 2023 30,000 2023 50,000 2022 20,000 2022
Slide 12: Toll Road Business – Daily Traffic Volume
Toll Road Business – Daily Traffic Volume 股份代碼Stock Code: 0576.HK 5.60% LongLiLiLong Expressways Average Daily Traffic Volume: 15,927 26,000 19,000 2024 12,000 2023 2022 5,000 1 2 3 4 5 6 7 8 9 10 11 12 2021 4.27% Zhajiasu Expressway Average Daily Traffic Volume: 43,262 50,000 2024 35,000 2023 20,00
Slide 13: Securities Business
Securities Business • Zheshang Securities recorded revenue of RMB 6.18 billion, representing a decrease of 3.0% y-o-y; • Commission and fee income decreased 5.8% y-o-y to RMB 3.69 billion, interest income from the securities business was RMB 2.49 billion, representing an increase of 1.5 % y-o-y; • S
Slide 14: Long-term Investments
Long-term Investments 股份代碼Stock Code: 0576.HK • Average daily traffic volume: 31,004 vehicles, increased 3.63% y-o-y; Zhejiang Shaoxing Shengxin • Toll revenue: RMB 5.64 billion; Expressway Co., Ltd. • Net profit attributable to the Company: RMB 108.27 million. Zhejiang Zhijiang Communications • Own
Slide 15: Investment, M&A—Yonglan Expressway
Investment, M & A—Yonglan Expressway 股份代碼Stock Code: 0576.HK Yonglan Expressway, 145 km, a segment of the national highway G55(Erenhot -Guangzhou Expressway) located in Yongzhou, Hunan Province, is an important part of the main framework of Hunan's “Five Verticals and Seven Horizontals“ expressway n
Slide 16: Investment, M&A—Parallel Line Phase II
Ningbo-Zhoushan Expressway Investment, M & A— Parallel Line Phase II 股份代碼Stock Code: 0576.HK Strategic positioning: an important project for the construction of Zhejiang Province‘s Greater Bay Area and Ningbo-Zhoushan integration and China (Zhejiang) Free Trade Pilot Zone; Insufficient capacity of e
Slide 17: Reconstruction and Expansion Project
股份代碼Stock Code: 0576.HK Reconstruction and Expansion Project 17
Slide 18: Overview of Reconstruction and Expansion Project
Overview of Reconstruction and Expansion Project 股份代碼Stock Code: 0576.HK Ningbo-Jinhua Zhajiasu Expressway Expressway Toll Road Nanhu Jinhua Shaoxing Interchange to Section Section Provincial Border Mileage 69.7km 73.3km 25.2km RMB 15.91 RMB 12.75 Investment RMB 7.30 bill bill bill Company 100%; 50%
Slide 19: Progress of Reconstruction and Expansion Project
Progress of Reconstruction and Expansion Project 股份代碼Stock Code: 0576.HK Ningbo-Jinhua Ningbo-Jinhua Zhajiasu Expressway Toll Road Expressway Expressway Nanhu Interchange to Jinhua Section Shaoxing Section Provincial Border Lanes Four to eight Four to eight Four to eight Main construction starting t
Slide 20: Financial Services Connected Transactions
股份代碼Stock Code: 0576.HK Financial Services Connected Transactions 20
Slide 21: Financial Services Connected Transactions
Financial Services Connected Transactions 股份代碼Stock Code: 0576.HK Advantages of Financial Services Agreement： Favorable interest rate Efficient professional service Centralized deposit and loan transactions, provide a Long-term partnership, familiar with business strong position to bargain for a
Slide 22: Financial Services Connected Transactions
Financial Services Connected Transactions 股份代碼Stock Code: 0576.HK Commitment letter Zhejiang Communications Finance commits : Risk control • Ensure the deposits will be prioritized for use in the Company’s • The Financial Management credit facilities, safeguarding the Department is responsible for
Slide 23: Financial Services Connected Transactions
Financial Services Connected Transactions 股份代碼Stock Code: 0576.HK Voting Window Shareholders' meeting & Equity record date 2.19 3.27 4.17 4.25 Announcement date Circular & Voting deadline Shareholders' meeting Note: The internal voting deadline of some securities companies for notice publication dat
Slide 24: Outlook & Growth Strategies
股份代碼Stock Code: 0576.HK Outlook & Growth Strategies 24
Slide 25: 2025 Outlook
2025 Outlook 股份代碼Stock Code: 0576.HK Market Situation Growth 2025, the Chinese government will implement more proactive Prospects macro policies, leading the development of new quality The Group will benefit from productive forces through increased logistics demand innovation; driven by steady recov
Slide 26: Growth Strategies
Growth Strategies 股份代碼Stock Code: 0576.HK 1 2 3 4 Integrate transportation Empower high-quality Enhance service quality Expand core business and energy development • Continue leveraging the • Explore the construction of a • Advance the digital • Pilot precision entry investment platform; battery-swa
Slide 27: Q&A
股份代碼Stock Code: 0576.HK Q&A 27
Slide 28: Appendices
股份代碼Stock Code: 0576.HK Appendices 28
Slide 29: Appendix I: Company Introduction
Appendix I: Company Introduction 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 lis
Slide 30: Appendix II: Major Corporate Events
Appendix II: Major Corporate Events 股份代碼Stock Code: 0576.HK “ Benchmarking Enterprises in the Management Benchmarking Action of Key “ Best Investment Value Listed Company” and “ Listed Company with State-owned Enterprises ” of the State-owned Assets Supervision and Excellent Investor Relationship Ma
Slide 31: Appendix III: Statement of Financial Position
Appendix III : Statement of Financial Position 股份代碼Stock Code: 0576.HK (RMB million) 2024 2023 %Change %增长率 Bank balances, clearing settlement fund, deposits and cash 32,363.94 31,248.25 3.6% Financial assets at fair value through profit or loss 36,022.57 41,918.64 -14.1% Total assets 217,182.37 207
Slide 32: Appendix IV: Organization Chart
Appendix IV : Organization Chart 股份代碼Stock Code: 0576.HK As of March 24, 2025 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% 73.625% 30% 30% 15% Zheshang Zhijiang Linpi
Slide 33: Appendix V: Expressway Map of Zhejiang Province
Appendix V : Expressway Map of Zhejiang Province 股份代碼Stock Code: 0576.HK 33