Shenzhen Expressway Corporation Limited Announces January 2026 Unaudited Toll Revenue
Key Highlights from the Report
- Shenzhen Expressway Corporation Limited (Stock Code: 00548) released its unaudited toll revenue figures for January 2026.
- The report covers toll revenue performance across various expressway projects primarily in Guangdong Province, as well as other regions in China.
- Total toll revenues for some major expressways are as follows (all figures in RMB’000):
- Meiguan Expressway: 13,019
- Jihe East: 64,659
- Jihe West: 51,962
- Coastal Project: 75,169
- Outer Ring Project: 113,063 (highest in Shenzhen region)
- Longda Expressway: 13,868
- Shuiguan Expressway: 57,757
- Qinglian Expressway (Other Guangdong): 70,951
- GS Expressway: 241,073 (highest overall)
- GZ West Expressway: 104,533
- The average daily revenue for key projects was also reported, with GS Expressway leading at 7,777 (RMB’000), followed by Outer Ring Project (3,647) and GZ West Expressway (3,372).
- The toll revenue figures are tax-excluded and consolidated according to each project’s shareholding ratio.
Important Notes for Shareholders
- Data is Unaudited: The Board emphasizes that the figures presented are unaudited, and there may be differences between these numbers and those published in future periodic reports.
- Potential Adjustments: Some projects’ revenues are estimated at the time of reporting, particularly where inter-network toll collection is involved. Adjustments may occur when actual settlement data becomes available.
- Guidance for Investors: Investors are cautioned that monthly revenues are subject to revision, and should be used as reference only. The Company adjusts forecasts based on previous discrepancies, which can cause deviations in individual project figures.
- Price Sensitivity: Significant changes in toll revenue, particularly in high-performing projects such as GS Expressway and Outer Ring Project, could impact investor sentiment and share price. The disclosure of unaudited, phasic statistics may result in market volatility if actual results differ from expectations.
Full Expressway Project Breakdown
| Expressway | Shareholding Ratio | % Revenue Consolidated | Toll Revenue (RMB’000) | Average Daily (RMB’000) |
|---|---|---|---|---|
| Meiguan Expressway | 100% | 100% | 13,019 | 420 |
| Jihe East | 100% | 100% | 64,659 | 2,086 |
| Jihe West | 100% | 100% | 51,962 | 1,676 |
| Coastal Project | 100% | 100% | 75,169 | 2,425 |
| Outer Ring Project | 100% | 100% | 113,063 | 3,647 |
| Longda Expressway | 89.93% | 100% | 13,868 | 447 |
| Shuiguan Expressway | 50% | 100% | 57,757 | 1,863 |
| Shuiguan Extension | 40% | — | 6,425 | 207 |
| Qinglian Expressway | 76.37% | 100% | 70,951 | 2,289 |
| GS Expressway | 45% | — | 241,073 | 7,777 |
| GZ West Expressway | 50% | — | 104,533 | 3,372 |
| Yangmao Expressway | 25% | — | 62,889 | 2,029 |
| GZ W2 Expressway | 25% | — | 44,211 | 1,426 |
| Changsha Ring Road | 51% | 100% | 21,802 | 703 |
| Yichang Project | 40% | — | 30,214 | 975 |
| Nanjing Third Bridge | 35% | — | 48,536 | 1,566 |
Governance and Board Update
As of the report date, the Board of Directors consists of key executive, non-executive, and independent non-executive directors, including Mr. XU En Li (Chairman), Mr. LIAO Xiang Wen, Mr. YAO Hai, Ms. JIN Zhen Yuan, Mr. HOU Sheng Hai, Mr. CHEN Yun Jiang, Ms. WU Yan Ling, Ms. ZHANG Jian, Mr. LI Fei Long, Mr. MIAO Jun, Mr. XU Hua Xiang, and Mr. YAN Yan.
Investor Takeaways
- The significant revenue contributions from GS Expressway and Outer Ring Project suggest these assets are critical to overall performance.
- Ongoing revenue variability and the unaudited nature of these figures mean that adjustments (upwards or downwards) are possible in subsequent reports, which may have a direct impact on the company’s financial outlook and share price volatility.
- Shareholders are encouraged to monitor updates and periodic reports for finalized, audited data that may differ from these preliminary figures.
Disclaimer: This article is based on the Company’s unaudited monthly announcement. Investors should note that actual results may differ after auditing and final settlement. The information provided is for reference only and does not constitute investment advice. Please review official filings and consult with financial advisors before making investment decisions.
