Zhejiang Expressway Co. Ltd. Class H · HKEX:576
Zhejiang Expressway Co. Ltd. Class H — H1 2025 Earnings Presentation
28 slides from Zhejiang Expressway Co. Ltd. Class H's earnings presentation, Aug 22, 2025
Slide 1: Empowering with Intelligent Technology and Rebuilding Value: 2025 Interim Results
股份代碼Stock Code: 0576.HK Empowering with Intelligent Technology and Rebuilding Value 2025 Interim Results 1
Slide 2: Agenda
股份代碼Stock Code: 0576.HK Agenda 01 02 Result Highlights Business Review 03 04 Reconstruction and Outlook & Growth Expansion Project Strategies 05 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 1H2025 1H2024 %Change Revenue 8,685,457 8,367,599 3.8% -- Including: Interest income under effective interest method 1,296,628 1,196,922 8.3% Operating costs (5,244,295) (4,681,165) 12.0% Gross profit 3,441,162 3,686,434 -6.7% Secur
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 18,000 16,641 16,965 15,332 16,000 Securities Business 14,000 Toll Road Business 36.6% 59.1% 12,000 10,000 8,368 8,685 8,249 7,882 7,251 8,000 6,000 4,000 Other Business 2,000 2021(Restated)
Slide 6: Result Highlights – Net Profit
Result Highlights – Net Profit 股份代碼Stock Code:0576.HK Net 收益走势Profit Net Profit Breakdown RMB million 8,000 7,156 7,000 6,622 6,303 5,980 6,000 Securities Business 5,000 Toll Road Business 32.1% 3,925 57.5% 4,000 3,274 3,344 3,021 3,000 1,962 2,000 1,000 Other Business 0 10.4% 2021(Restated) 2022(Re
Slide 7: Result Highlights – ROE
Result Highlights– ROE 股份代碼Stock Code:0576.HK 净利润走势 ROE % 20.0 18.0 16.8 17.3 16.0 16.0 14.0 11.9 12.0 9.6 10.0 8.3 8.0 6.6 6.0 5.5 6.0 4.0 2.0 0.0 2021(Restated) 2022(Restated) 2023(Restated) 2024 1H2025 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: 1H2025 Market Review
1H2025 Market Review 股份代碼Stock Code:0576.HK Economy Capital Market • China implemented targeted macro-policy regulation and proactively cultivated new quality • In the first half of 2025, amid significant fluctuations productive forces, ensuring that China’s economic in the U.S. dollar index, geopol
Slide 10: Toll Road Business
Toll Road Business 股份代碼Stock Code:0576.HK Various factors affected Positive factors: Negative factors: • Zhejiang Province leveraged its early-start advantages in the digital • 15% discount policy for Zhejiang ETC trucks expanded to ETC trucks nationwide; economy and vitality of private sector, boos
Slide 11: Toll Road Business – Daily Traffic Volume
Toll Road Business – Daily Traffic Volume 股份代碼Stock Code:0576.HK 2.06% Shanghai-Hangzhou-Ningbo Expressway -9.97% Shangsan Expressway Average Daily Traffic Volume: 90,928 Average Daily Traffic Volume: 30,678 130,000 2025 40,000 2025 90,000 2024 30,000 2024 50,000 2023 20,000 2023 10,000 2022 10,000
Slide 12: Toll Road Business – Daily Traffic Volume
Toll Road Business – Daily Traffic Volume 股份代碼Stock Code:0576.HK 7.58% LongLiLiLong Expressways Average Daily Traffic Volume: 17,770 26,000 2025 19,000 2024 12,000 2023 2022 5,000 1 2 3 4 5 6 7 8 9 10 11 12 4.13% Zhajiasu Expressway Average Daily Traffic Volume: 43,615 50,000 2025 2024 35,000 2023 2
Slide 13: Securities Business
Securities Business 股份代碼Stock Code:0576.HK • Zheshang Securities recorded total revenue of RMB 3,182.99 million, representing a increase of 13.4% y-o-y; • Commission and fee income increased 17.2% y-o-y to RMB 1,886.36 million, and interest income was RMB 1,296.63 million, representing an increase o
Slide 14: Long-term Investments
Long-term Investments 股份代碼Stock Code:0576.HK Expressway 50% 50% 30% 30% 15% Zhejiang Shaoxing Shengxin Zhejiang Zhijiang Zhejiang HangNing CICC-Zhejiang Expressway- Zhejiang Wenzhou Expressway Co., Ltd. Communications Holdings Expressway Co., Ltd. Shenjiahuhang ABS program YongTaiWen Co., Ltd. Expre
Slide 15: Investment, M & A - Guisan Expressway
Investment, M & A - Guisan Expressway 股份代碼Stock Code:0576.HK The Guisan Expressway, 135km, is an important part of the national expressway G76 (Xiamen-Chengdu Expressway), and 92 kilometers of it also shares the same route with the national expressway G65 (Baotou- Maoming Expressway), serves as one
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 Ningbo-Jinhua Zhajiasu Expressway Expressway Nanhu Toll Road Interchange to Jinhua Shaoxing Zhejiang-Jiangsu Section Section Boundary Section Mileage 69.7km 73.3km 25.2km RMB 15.91 RMB 12.75 Investment RMB 7.30 bill. bill. bill.
Slide 18: Progress of Reconstruction and Expansion Project
Progress of Reconstruction and Expansion Project 股份代碼Stock Code:0576.HK Zhajiasu Expressway Ningbo-Jinhua Ningbo-Jinhua Nanhu Interchange to Toll Road Expressway Expressway Zhejiang-Jiangsu Jinhua Section Shaoxing Section Boundary Section Lanes Four to eight Four to eight Four to eight Main construc
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 • Looking ahead to the second half of 2025, external environmental instability and uncertainty will be on the rise. The Chinese government will accelerate the establishment of a new development paradigm, prioritize expansion of domestic demand, and promote integ
Slide 21: Growth Strategies
Growth Strategies 股份代碼Stock Code:0576.HK Core Capital Industrial Digital Business Operations Transformation Intelligence • Continue to ensure safe and • Continue to leveraging functions • Plan layout of new energy • Advance digitalization of smooth traffic by strengthening of the investment platform
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 on
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 Companies Golden Entrusted to operate and manage Zhoudai Bridge Ox Awards and Fuchimen Bridge of Ningbo Zhoushan Port Main Passage and North Connection of Qianjiang “Outstanding Listed Com
Slide 26: Appendix III: Statement of Financial Position
Appendix III: Statement of Financial Position 股份代碼Stock Code:0576.HK (RMB million) 1H2025 2024 %Change Bank balances, clearing settlement fund, deposits , cash, time deposits 31,740.45 32,363.94 -1.9% Financial assets at fair value through profit or loss 50,884.94 36,022.57 41.3% Total assets 260,44
Slide 27: Appendix IV: Organization Chart
Appendix IV: Organization Chart 股份代碼Stock Code:0576.HK As of 22 August 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% 63.20% 30% 30% 15% Zheshang Zhijiang Linping
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