Shenzhen Exp stock trades at EUR 0.72 as revenue falls

Published on 09/29/2026 at 21:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shenzhen Exp stock was last quoted at EUR 0.72 on September 23, 2026. First-half revenue fell 6.78 percent, while operating cash flow rose 4.31 percent.

Shenzhen Exp, HK0548000782, Illustration mit AI erstellt.

Shenzhen Exp stock was last quoted at EUR 0.72 on Tradegate on September 23, 2026, while Shenzhen Expressway Corporation Limited reported a mixed first-half 2026 performance. Revenue fell 6.78 percent to CNY 3.65 billion, but operating cash flow increased 4.31 percent to CNY 2.04 billion.

Revenue falls as toll rights expire

According to Futu on September 21, 2026, the six-month results covered the period ended June 30, 2026. Net profit attributable to shareholders declined 4.28 percent to CNY 918.85 million, while basic earnings per share fell 8.47 percent to CNY 0.346.

The main pressure came from the expiration of toll collection rights for the Shuiguan Expressway on April 25, 2026, and its extension section on July 6, 2026. That makes the revenue decline more structural than a simple quarter-to-quarter fluctuation, because concession terms directly determine the companys toll-road income base.

Cash flow offsets part of the decline

The operating figures point in different directions. Toll-road revenue reached CNY 2.23 billion, equal to 61.13 percent of total revenue, while environmental protection revenue was CNY 730 million, according to Futu. Organic waste treatment revenue rose 4.60 percent to CNY 384 million, providing a quantified counterweight to the concession-related weakness.

The report also states that Shenzhen Expressway will not pay an interim dividend for 2026. Its 2025 final dividend was CNY 0.244 per share and was approved on June 26, 2026, leaving capital allocation and replacement projects as important factors for the next earnings cycle.

Stock remains below yearly high

Shenzhen Expressway trades on the Hong Kong Stock Exchange under code 0548, while its A shares trade in Shanghai under code 600548, according to The Globe and Mail. The Hong Kong share was last quoted at HKD 6.34 on September 29, 2026 at 4:08 p.m. HKT, with a 52-week range of HKD 6.13 to HKD 8.12 and market capitalization of HKD 17.5 billion.

For investors, the central comparison is clear: CNY 3.65 billion of first-half revenue declined 6.78 percent year over year, while CNY 2.04 billion of operating cash flow advanced 4.31 percent. The next test is whether environmental operations and new infrastructure projects can replace the earnings capacity lost through expired toll concessions.

Tradegate quote stays at EUR 0.72

Shenzhen Exp was last at EUR 0.72 on Tradegate on September 23, 2026. The quote is separate from the HKD 6.34 Hong Kong listing and does not represent the same currency or venue.