Shenzhen Exp stock weighs weaker half year results

Published on 10/07/2026 at 00:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shenzhen Exp stock was last at HKD 6.25 on October 6, 2026, after first-half revenue fell 6.78 percent year over year. Operating cash flow rose 4.31 percent.

Shenzhen Exp, CNE100000478, Illustration mit AI erstellt.

Shenzhen Exp (CNE100000478) was last at HKD 6.25 on the Hong Kong Stock Exchange on October 6, 2026, down HKD 0.06 or 0.95 percent from the prior close. The company has delivered a mixed first-half operating picture, with weaker revenue and profit offset by higher operating cash flow.

Revenue falls as toll rights expire

According to Moomoo on September 21, 2026, Shenzhen Expressway reported revenue of RMB 3.65 billion for the six months ended June 30, 2026. Revenue declined 6.78 percent year over year, while net profit attributable to shareholders fell 4.28 percent to RMB 919 million and basic earnings per share dropped 8.47 percent to RMB 0.346.

The reported pressure is tied to the expiration of toll rights. The Shuiguan Expressway concession ended on April 25, 2026, and the Shuiguan Extension Section concession ended on July 6, 2026, according to Moomoo.

Cash flow softens the earnings decline

Operating cash flow reached RMB 2.04 billion in the first half, an increase of 4.31 percent from the prior-year period. That contrast matters because it shows that the revenue decline has not translated one-for-one into cash generation, although earnings per share fell more sharply than revenue.

Toll roads still generated RMB 2.23 billion, or 61.13 percent of first-half revenue, while environmental protection contributed RMB 730 million, according to Moomoo. Organic waste treatment revenue rose 4.6 percent to RMB 384 million, but clean-energy power generation revenue declined 8.62 percent to RMB 264 million.

Consensus target remains above price

Investing.com lists a Strong Buy consensus from 1 analyst and an average 12-month price target of HKD 8.22. The target lies 31.5 percent above the HKD 6.25 price, making the concession reset and cash-flow resilience the central issues for the valuation.

Shenzhen Expressway is also advancing the Jihe Expressway expansion and the third phase of the Waihuan Expressway. The projects require capital while the company manages expired toll rights, environmental investment and its broader infrastructure portfolio.

Shenzhen Exp stock stays below yearly high

Shenzhen Exp stock was last at HKD 6.25 on October 6, 2026, with a session range of HKD 6.20 to HKD 6.30 and a 52-week range of HKD 6.13 to HKD 8.12. Its market capitalization was HKD 17.2 billion and volume was 290,000 shares on the same date.