Jiangsu Expressway Co Ltd

Jiangsu Expressway released its 2026 interim report, with total operating revenue of 9.293 billion yuan and net profit attributable to the parent of 2.503 billion yuan, up 3.28% from the same period last year. Net cash inflow from operating activities was 3.603 billion yuan, up 9.94% year on year, marking a second consecutive year of growth. The company's asset-liability ratio was 45.64%, down 0.15 percentage points year on year; gross margin was 34.60%, up 1.43 percentage points year on year, rising for two consecutive years; ROE was 6.03%. Diluted earnings per share were 0.50 yuan, up 3.28% year on year. Total asset turnover was 0.09 times, and inventory turnover was 3.32 times, up 3.61% year on year, rising for five consecutive years. The number of shareholders was 38,900, and the top ten shareholders held 72.27% of total share capital.

Tuojing Technology achieved operating revenue of 2.913 billion yuan in the first half of 2026, up 49.06% year on year, with net profit attributable to shareholders of the listed company at 1.343 billion yuan, a surge of 1324.1%. The company also plans to distribute a cash dividend of 3.5 yuan for every 10 shares to all shareholders. Dian Diagnostics posted first-half net profit of 232 million yuan, up 2160.87% year on year; Rike Chemical's net profit was 30.27 million yuan, up 2518.58%. Ping An Insurance achieved net profit attributable to shareholders of the parent company of 92.585 billion yuan in the first half, up 36.1% year on year. Jiangsu Expressway plans to acquire a 100% stake in Suzhou-Wuxi-Changzhou Southern Expressway Company for 7.341 billion yuan in cash. Shenzhen Keda said its storage equipment business made a breakthrough, securing new orders of about 57.926 million yuan from a well-known North American HDD storage manufacturer in the first half.

The first batch of demonstration cases under the Shanghai Stock Exchange's Quality and Efficiency, Return Enhancement 2.0 special initiative has been released, with more than 10 Shanghai-listed companies setting quantitative targets around core indicators such as revenue, profit, R&D, output, buybacks, and dividends, and disclosing specific plans. These companies include CRRC, Guangxi Guiguan Electric Power, Ningbo Zhoushan Port, Eastroc Beverage, Jinshi Resources, Sepax Technologies, Anhui Heli, Haier Biomedical, Jiangsu Expressway, Laobaixing Pharmacy, and Jointown Pharmaceutical. Among them, Ningbo Zhoushan Port has set a 2026 cargo throughput target of 1.25 billion tonnes and a container throughput target of 57.65 million TEU, both up from 2025 levels. Sepax Technologies, using 2025 as the base year, has proposed a 25% revenue growth target and a 33% net profit growth target for 2026. Haier Biomedical aims to raise the share of overseas revenue from 36% in 2025 to above 50% within three years, and to lift the contribution of M&A revenue from 30% to above 40%. Raising dividend payout ratios, increasing dividend frequency, and implementing shareholding increases and buybacks have also become common choices for many companies. Jinshi Resources and Haier Biomedical, among others, have rolled out three-year shareholder return plans covering 2026 to 2028. Ningbo Zhoushan Port, Guangxi Guiguan Electric Power, and Eastroc Beverage have respectively proposed 2026 dividend payout ratios of no less than 65%, 70%, and 80%. Jiangsu Expressway has specified a change from one dividend per year to two dividends per year, and Anhui Heli plans to increase dividend frequency through measures such as interim dividends. In addition, several companies have set quantitative targets for increasing the frequency and forms of investor communication, and have formulated ESG-specific goals and implementation paths. Ningbo Zhoushan Port has also proposed governance-related targets such as independent directors spending no fewer than 15 days on-site in 2026.

The Strategic Committee of the Ninghu Expressway Board has proposed that the 2026 interim profit distribution amount shall be no less than 30% of the half-year attributable net profit. The plan will be based on the company's total share capital on the record date for the future implementation of the 2026 interim profit distribution plan. In the first quarter of 2026, the company achieved revenue of 4.528 billion yuan and attributable net profit of 1.366 billion yuan.