Fujian Expressway Development Co Ltd

Robotics & Physical AI▲

China Nerin Signs Nearly $500 Million Contract for Zambia Copper Tailings Leach Plant Project

China Nerin signed a contract with KONKOLA COPPER MINES PLC for a new 70,000-tonne-per-year copper tailings leach plant project in Zambia, with a contract value of approximately $498 million, equivalent to about 3.378 billion yuan. The project uses a hydrometallurgical leaching process to recover valuable metals from existing copper tailings, with China Nerin responsible for design, procurement, construction and installation, commissioning, and technical support services. On the same day, the controlling shareholder of Fujian Expressway plans to increase its shareholding by no less than 130 million yuan and no more than 230 million yuan, with the increase not exceeding 2% of total share capital. Fulongma signed a sanitation autonomous driving technology development contract with Huawei Cloud Computing, with a total contract value of 200 million yuan and a term of three years, under which Huawei Cloud Computing will exclusively develop and deploy the Fulongma sanitation autonomous driving system for the company. Xianghe Industrial signed a railway fastener system component purchase and sale contract with Zhongyuan Lida Railway Track Technology Development Co., Ltd., with a total contract value of 178 million yuan, accounting for approximately 21.32% of the company's audited 2025 revenue.

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Fujian Expressway first-half net profit falls 6.76% to 509 million yuan

Fujian Expressway released its 2026 semi-annual report, showing first-half operating revenue of 1.441 billion yuan, down 2.94% year on year, and net profit attributable to shareholders of the listed company of 509 million yuan, down 6.76% year on year. Operating costs were 637 million yuan, up 8.30% year on year, with rising costs a key factor weighing on profit. Expressway toll distribution revenue was 1.424 billion yuan, down 3.07% year on year, with revenue from the Quanzhou-Xiamen, Fuzhou-Quanzhou and Luoyuan-Ningde sections falling 3.16%, 2.88% and 4.51% respectively. The company said rising refined oil prices, diversion to high-speed rail and ETC preferential policies created phased pressure on toll revenue, and that it will continue to focus on its core expressway operations and carry out refined road section operation and maintenance management.

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Fujian Expressway's 2026 interim net profit was 509 million yuan, down 6.76% year-on-year

Fujian Expressway released its 2026 interim report, with net profit attributable to the parent company of 509 million yuan, a decrease of 6.76% compared with the same period last year. The company's total operating revenue was 1.441 billion yuan, down 2.94% year-on-year; net cash inflow from operating activities was 1.139 billion yuan, down 8.38% year-on-year. The company's latest asset-liability ratio was 15.31%, gross margin was 55.80%, ROE was 4.07%, and diluted earnings per share was 0.19 yuan.

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