Xin Lang Cai Jing·2025-10-31 13:57Core Viewpoint - Wuhu Expressway, established in 1996 and listed in 2003, is the first highway company in Anhui Province, focusing on the investment, construction, operation, and management of toll roads, benefiting from significant regional resource advantages [1] Financial Performance - In Q3 2025, Wuhu Expressway achieved a revenue of 5.386 billion yuan, ranking 6th in the industry, surpassing the industry average of 4.278 billion yuan and the median of 3.529 billion yuan, but still trailing behind the top competitors [2] - The net profit for the same period was 1.502 billion yuan, ranking 7th in the industry, above the industry average of 1.282 billion yuan and the median of 0.893 billion yuan [2] Financial Ratios - As of Q3 2025, Wuhu Expressway's debt-to-asset ratio was 52.22%, higher than the industry average of 41.31%, and increased from 36.87% in the same period last year [3] - The gross profit margin for the period was 41.25%, up from 35.60% year-on-year, but below the industry average of 46.20% [3] Executive Compensation - The chairman, Wang Xiaowen, received a salary of 456,600 yuan in 2024, an increase of 393,600 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 51.41% to 25,600, while the average number of shares held per shareholder decreased by 33.95% [5] Strategic Developments - In Q3 2025, Wuhu Expressway reported a toll revenue of 1.389 billion yuan, a year-on-year increase of 16.24%, with total toll revenue for the first three quarters reaching 3.915 billion yuan, up 13.83% year-on-year [6] - The company plans to acquire 7% of Shandong Expressway for 3.019 billion yuan, aiming to enhance effective investment and deepen strategic cooperation [6]