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China Merchants Expressway first-half net profit 2.605 billion yuan, up 4.05% year on year
China Merchants Expressway disclosed its 2026 semi-annual report, with net profit attributable to the parent company of 2.605 billion yuan in the first half, up 4.05% year on year. Total operating revenue for the same period was 7.185 billion yuan, up 26.86% year on year. Net profit after deducting non-recurring items was 2.586 billion yuan, up 3.97% year on year. Net cash flow from operating activities was 2.752 billion yuan, down 5.59% year on year. Basic earnings per share during the reporting period were 0.3752 yuan, and the weighted average return on equity was 3.69%. Based on the closing price on August 24, the company's price-to-earnings ratio was about 13.4 times, price-to-book ratio about 0.83 times, and price-to-sales ratio about 4.24 times.