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Merchant Express Class A

China Merchants Expressway Network & Technology Holdings Co., Ltd. is a highway investment and operation service provider in the People's Republic of China. It operates through four segments: Investment Operation, Transportation Technology, Smart Transportation, and Traffic Ecology. The company offers consulting, engineering technical services, and general contracting for engineering, design, construction, and project management. It was formerly known as China Merchants Huajian Highway Investment Co., Ltd. and changed its name in September 2016. Founded in 1993 and based in Beijing, it is a subsidiary of China Merchants Group Limited.

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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.
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