Jiangsu Expressway Lifts Q1 Profit Despite Revenue Dip
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Jiangsu Expressway Co (HK:0177) reported a 5.31% decline in Q1 2026 operating income to RMB 4.53 billion, but net profit rose 12.81% to RMB 1.37 billion, indicating improved profitability. Basic earnings per share increased to RMB 0.2711, and total assets reached RMB 99.98 billion. Despite lower revenue, net profit excluding non-recurring items climbed 14.10%, reflecting stronger core operations. The stock has a Hold rating with a price target of HK$10.20, and the company plays a vital role in regional transport infrastructure in Jiangsu province.
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