---
title: "Henan Zhongyuan Expressway Co.,Ltd. (600020.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600020.SH.md"
symbol: "600020.SH"
name: "Henan Zhongyuan Expressway Co.,Ltd."
industry: "Highways and Railtracks"
datetime: "2026-05-20T10:48:31.641Z"
locales:
  - [en](https://longbridge.com/en/quote/600020.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600020.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600020.SH.md)
---

# Henan Zhongyuan Expressway Co.,Ltd. (600020.SH)

## Company Overview

Henan Zhongyuan Expressway Company Limited engages in investment, construction, operation, and management of expressways in China. The company operates Airport Expressway, the Zhengzhou-Zhumadian section of the Beijing-Hong Kong-Macau Expressway, the Zhengzhou-Yaoshan section of the Zhengluan Expressway, Zhengmin Expressway, Shangdeng Expressway, and the Yongcheng Section of Deshang Expressway. It also involved in the project investment, investment management, and investment consulting business; real estate development and sales; civil engineering construction; housing rental; and property management businesses, as well as property services. Henan Zhongyuan Expressway Company Limited was founded in 2000 and is based in Zhengzhou, China.

| Item | Detail |
|------|--------|
| Industry | Highways and Railtracks |
| Exchange | CN Market |
| Website | [www.zygs.com](https://www.zygs.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: D
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-20T04:30:09.000Z

**Overall: D (0.63)**

**Industry**: Highways and Railtracks

| Metric | Value |
|--------|-------|
| Industry Ranking | 22 / 23 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

**Multi Score**: D

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -6.07% |  |
| Net Profit YoY | -36.17% |  |
| P/B Ratio | 0.75 |  |
| Dividend Ratio | 4.28% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 8937935901.34 |  |
| Revenue | 6750251148.46 |  |

#### Multi Score Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 3.35% | C |
| Profit Margin | 9.49% | B |
| Gross Margin | 47.94% | B |
| Revenue YoY | -6.07% | D |
| Net Profit YoY | -36.17% | D |
| Total Assets YoY | 2.63% | C |
| Net Assets YoY | 2.82% | C |
| Cash Flow Margin | 440.78% | A |
| OCF YoY | -6.07% | D |
| Turnover | 0.13 | E |
| Gearing Ratio | 70.32% | D |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Henan Zhongyuan Expressway Co.,Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-6.07%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-36.17%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "0.75",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "4.28%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "8937935901.34",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "6750251148.46",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "3.35%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "9.49%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "47.94%",
          "rating": "B"
        },
        {
          "name": "Revenue YoY",
          "value": "-6.07%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-36.17%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "2.63%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "2.82%",
          "rating": "C"
        },
        {
          "name": "Cash Flow Margin",
          "value": "440.78%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "-6.07%",
          "rating": "D"
        },
        {
          "name": "Turnover",
          "value": "0.13",
          "rating": "E"
        },
        {
          "name": "Gearing Ratio",
          "value": "70.32%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 13.95 | 10/23 | 11.47 | 10.37 | 9.13 |
| PB | 0.75 | 4/23 | 0.90 | 0.83 | 0.77 |
| PS (TTM) | 1.32 | 4/23 | 1.49 | 1.35 | 1.30 |
| Dividend Yield | 4.28% | 6/23 | 4.21% | 3.94% | 3.76% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Beijing-Shanghai High Speed Railway (601816.SH) | B | C | D | A | C | C |
| 02 | CMET (001965.SZ) | B | C | E | C | B | C |
| 03 | Jiangsu Expressway (600377.SH) | B | D | D | C | D | C |
| 04 | GPED (000429.SZ) | A | C | D | C | C | C |
| 05 | Anhui Expressway (600012.SH) | A | D | D | C | D | C |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-05T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 1 | 100% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 4.69 |
| Highest Target | 5.17 |
| Lowest Target | 4.98 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/600020.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/600020.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/600020.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/600020.SH/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**