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.
Fujian Expressway Development Co LtdFirst-half net profit fell 6.76% and revenue declined, with rising costs weighing on earnings.
