Zhejiang Expressway Co Ltd - Company Profile
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Zhejiang Expressway Co Ltd (Zhejiang Expressway), a subsidiary of Zhejiang Communications Investment Group Co Ltd, is a provider of infrastructure services. It carries out investment, development, operation, and maintenance of expressways. The company, along with subsidiaries and associated companies, provides ancillary services such as management of hotels. The company manages expressways in Zhejiang and the Jinhua Province of China. Zhejiang Expressway also provides securities broking, securities lending, margin financing, securities underwriting and sponsorship, proprietary trading, asset management and advisory services. It also offers construction of roads and toll collection services. The company’s major assets operated by the Group include eight expressways namely the 248 km Shanghai-Hangzhou-Ningbo Expressway, the 141 km Shangsan Expressway, the 70 km Jinhua section of Ningbo-Jinhua Expressway, the 122 km Hanghui Expressway, the 82 km Huihang Expressway, the 46 km Zhoushan Bay Bridge, the 222 km LongLiLiLong Expressways and the 50km Zhajiasu Expressway. Zhejiang Expressway is headquartered in Hangzhou, Zhejiang, China.
Headquarters
China
Address
12f, Block A, Huanglong Century Plaza, No. 1, Hangda Road, Hangzhou, Zhejiang, 310020
Website
www.zjec.com.cn
Telephone
86 571 87985588
No of Employees
10,653
Industry
Construction
Ticker Symbol & Exchange
576 (HKG)
Revenue (2022)
$2.4B
10.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
0.9%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
-8.9%
(2022 vs 2021)
* As of and is in US$
Zhejiang Expressway Co Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Express Highways Development and Operation |
| Maintenance of Expressways and Roads |
| Proprietary Trading Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company and China Merchants Expressway Network & Technology Holdings Co.,Ltd. entered into an agreement to acquire a 60% stake in Hunan Yonglan Expressway Co., Ltd. from Guangdong Liantai Communications Investment Co., Ltd. |
| 2023 | Contracts/Agreements | In November, the company entered into the Guardrail Agreements with Maintenance Co, Zhejiang Shunchang and Jiaogong Maintenance to undertake the guardrail upgrade and revamp projects and the guardrail upgrade and revamp projects. |
| 2023 | Plans/Strategy | In September, the company announced its plans to acquire 15% stake in Zhejiang Wenzhou Yongtaiwen Expressway Co., Ltd from Zhejiang Communications Investment Group Co., Ltd. |
Competitor Comparison
| Key Parameters | Zhejiang Expressway Co Ltd | Anhui Expressway Co Ltd | Yuexiu Transport Infrastructure Ltd | Hubei Chutian Intelligent Transportation Co Ltd | Fujian Expressway Development Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | Hong Kong | China | China |
| City | Hangzhou | Hefei | Hong Kong | Wuhan | Fuzhou |
| State/Province | Zhejiang | Anhui | - | Hubei | Fujian |
| No. of Employees | 10,653 | 1,910 | 2,134 | 1,700 | 1,312 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yuan Yingjie | Chairman | Executive Board | 2023 | - |
| Ruan Liya | Chief Financial Officer | Senior Management | 2021 | 40 |
| Chen Ninghui | Director | Executive Board | 2020 | 60 |
| Li Wei | Director | Executive Board | 2023 | - |
| Tony H. Zheng | Deputy General Manager; Secretary | Senior Management | - | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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