Shenzhen Expressway Co., Ltd. (00548) announced interim results. Net profit of 919 million yuan to mother decreased 4.28% year over year

According to the Zhitong Finance App, Shenzhen Expressway Co., Ltd. (00548) announced its 2026 semi-annual results. The group obtained operating income of RMB 3,653 billion (same unit), a year-on-year decrease of 6.78%; net profit attributable to shareholders of listed companies of 919 million yuan, a year-on-year decrease of 4.28%; and basic earnings per share of 0.346 yuan.

Among them, toll revenue was about 2,233 billion yuan, revenue from environmental protection businesses such as clean energy and solid waste resource treatment was about 730 million yuan, and other revenue was about 690 million yuan, accounting for 61.13%, 19.98% and 18.89% of the Group's total revenue, respectively.

As of the date of this announcement, the Group has invested or operated a total of 14 toll road projects, with a controlling interest mileage of about 590.5 kilometers. It is mainly located in Shenzhen, the Guangdong-Hong Kong-Macao Greater Bay Area and economically developed regions, and has good location advantages. At this stage, the Group is actively promoting investment and construction of major new construction, renovation and expansion projects such as Outer Ring Phase III, the locomotive and cargo expressways, and the Guangzhou-Shenzhen section of the Beijing-Hong Kong-Macau Expressway to continuously supplement high-quality road assets; at the same time, it is actively exporting specialized highway construction and maintenance capabilities to provide transportation management and maintenance services for various road sections in Shenzhen. The Group has an equivalent equity of about 686 MW of clean energy power generation installed capacity and shares in Nanjing Avis, which mainly operates and maintains wind power after operation and maintenance business; has a financial leasing business license, and has collaborative business capabilities for investment, operation and post-operation and maintenance services for wind power generation projects, and supporting project financing. Furthermore, the Group's organic waste treatment business currently has a design treatment scale of more than 6,300 tons/day, ranking among the leading domestic industries.

During the reporting period, the completion of the surrounding road network effectively led to an increase in traffic on some sections of the Group. However, due to the combined effects of the increase in the number of free days for minibuses on holidays compared to the same period last year and the expiration of the Shuiguan Expressway toll, the Group's toll revenue fell 8.8% year on year. Excluding the impact of the Shuiguan Expressway, the Group's toll revenue increased 3.3% year on year under the same caliber.