G 
Guangdong Provincial Expressway Development Co 000429.SZ · CNY
Industrials · Shenzhen · 🇨🇳 China
13.67
-0.44%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥4.47bn
FY2016FY2025
Net income
CN¥1.80bn
FY2016FY2025
Free cash flow
CN¥1.30bn
FY2016FY2025
Shareholders' equity
CN¥11.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.47bn | CN¥4.57bn | CN¥4.88bn | CN¥4.17bn | CN¥5.29bn | CN¥3.79bn | CN¥5.00bn | CN¥3.22bn | CN¥3.09bn | CN¥2.83bn |
| Gross profit | CN¥3.17bn | CN¥2.94bn | CN¥3.14bn | CN¥2.58bn | CN¥3.36bn | CN¥2.13bn | CN¥3.07bn | CN¥1.94bn | CN¥1.84bn | CN¥1.54bn |
| Research and development | CN¥6.1m | CN¥5.1m | CN¥3.2m | CN¥14.6m | CN¥13.3m | CN¥404,303 | — | CN¥1.3m | CN¥9.8m | CN¥6.2m |
| Operating income | CN¥3.17bn | CN¥2.78bn | CN¥2.99bn | CN¥2.34bn | CN¥3.17bn | CN¥1.86bn | CN¥2.83bn | CN¥2.10bn | CN¥2.09bn | CN¥1.76bn |
| Net income | CN¥1.80bn | CN¥1.56bn | CN¥1.63bn | CN¥1.28bn | CN¥1.70bn | CN¥867.8m | CN¥1.47bn | CN¥1.68bn | CN¥1.51bn | CN¥1.00bn |
| Diluted earnings per share | 0.85 | 0.75 | 0.77 | 0.61 | 0.79 | 0.44 | 0.70 | 0.81 | 0.72 | 0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥26.79bn | CN¥22.44bn | CN¥21.37bn | CN¥20.27bn | CN¥18.88bn | CN¥19.77bn | CN¥20.67bn | CN¥16.30bn | CN¥16.52bn | CN¥16.07bn |
| Cash and short-term investments | CN¥6.55bn | CN¥4.29bn | CN¥4.72bn | CN¥4.29bn | CN¥2.96bn | CN¥2.85bn | CN¥3.05bn | CN¥2.12bn | CN¥2.36bn | CN¥2.60bn |
| Total liabilities | CN¥12.59bn | CN¥9.25bn | CN¥8.96bn | CN¥8.90bn | CN¥7.55bn | CN¥9.54bn | CN¥7.97bn | CN¥6.25bn | CN¥7.07bn | CN¥7.23bn |
| Debt | CN¥10.30bn | CN¥6.73bn | CN¥6.82bn | CN¥7.43bn | CN¥6.00bn | CN¥6.62bn | CN¥5.60bn | CN¥2.98bn | CN¥4.74bn | CN¥5.40bn |
| Shareholders' equity | CN¥11.12bn | CN¥10.47bn | CN¥9.85bn | CN¥9.08bn | CN¥8.98bn | CN¥7.93bn | CN¥10.56bn | CN¥9.59bn | CN¥9.02bn | CN¥8.29bn |
| Shares outstanding | 2,111m | 2,071m | 2,119m | 2,101m | 2,154m | 1,960m | 2,093m | 2,073m | 2,105m | 2,139m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.73bn | CN¥3.26bn | CN¥3.83bn | CN¥2.75bn | CN¥3.67bn | CN¥2.64bn | CN¥3.22bn | CN¥1.92bn | CN¥2.19bn | CN¥1.92bn |
| Capital spending | −CN¥2.43bn | −CN¥2.04bn | −CN¥1.54bn | −CN¥875.2m | −CN¥513.7m | −CN¥660.0m | −CN¥823.1m | −CN¥845.4m | −CN¥429.0m | −CN¥487.3m |
| Free cash flow | CN¥1.30bn | CN¥1.22bn | CN¥2.29bn | CN¥1.88bn | CN¥3.16bn | CN¥1.98bn | CN¥2.40bn | CN¥1.07bn | CN¥1.77bn | CN¥1.44bn |
| Dividends paid | −CN¥1.09bn | −CN¥1.39bn | −CN¥1.16bn | −CN¥1.44bn | −CN¥911.5m | −CN¥1.21bn | −CN¥1.64bn | −CN¥1.34bn | −CN¥995.3m | −CN¥560.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.04bn | CN¥1.08bn | CN¥1.11bn | CN¥1.24bn | CN¥1.07bn | CN¥1.05bn | CN¥1.07bn | CN¥1.27bn |
| Gross profit | CN¥702.8m | CN¥735.4m | CN¥848.7m | CN¥871.9m | CN¥733.2m | CN¥711.3m | CN¥548.9m | CN¥872.1m |
| Operating income | CN¥650.5m | CN¥690.5m | CN¥503.1m | CN¥879.3m | CN¥731.2m | CN¥1.05bn | CN¥414.6m | CN¥875.1m |
| Net income | CN¥398.2m | CN¥451.9m | CN¥255.4m | CN¥488.0m | CN¥399.7m | CN¥657.5m | CN¥205.7m | CN¥500.9m |
| Diluted earnings per share | 0.19 | 0.21 | 0.12 | 0.23 | 0.19 | 0.31 | 0.10 | 0.24 |
| Cash from operations | — | — | CN¥569.0m | CN¥1.19bn | CN¥492.0m | CN¥1.40bn | CN¥724.0m | CN¥928.0m |
| Capital spending | −CN¥638.0m | −CN¥1.25bn | −CN¥1.21bn | −CN¥474.0m | −CN¥226.0m | −CN¥520.0m | −CN¥622.0m | −CN¥461.0m |
| Free cash flow | — | — | −CN¥640.0m | CN¥716.0m | CN¥266.0m | CN¥884.0m | CN¥102.0m | CN¥467.0m |
| Total assets | CN¥28.43bn | CN¥28.27bn | CN¥26.79bn | CN¥24.21bn | CN¥24.45bn | CN¥23.43bn | CN¥22.44bn | CN¥22.31bn |
| Cash and short-term investments | — | — | CN¥6.55bn | CN¥5.46bn | CN¥5.80bn | CN¥4.95bn | CN¥4.29bn | CN¥4.55bn |
| Debt | CN¥10.32bn | CN¥10.66bn | CN¥10.30bn | CN¥505.6m | CN¥7.87bn | CN¥7.48bn | CN¥6.73bn | CN¥6.98bn |
| Shareholders' equity | CN¥10.58bn | CN¥11.52bn | CN¥11.12bn | CN¥10.85bn | CN¥10.51bn | CN¥11.10bn | CN¥10.47bn | CN¥10.20bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 70.8% | 64.3% | 64.3% | 61.9% | 63.5% | 56.1% |
| Operating margin | 70.8% | 60.7% | 61.4% | 56.2% | 59.9% | 49.2% |
| Net margin | 40.3% | 34.2% | 33.5% | 30.6% | 32.2% | 22.9% |
| Return on equity | 16.2% | 14.9% | 16.6% | 14.1% | 18.9% | 10.9% |
| Return on assets | 6.7% | 7.0% | 7.6% | 6.3% | 9.0% | 4.4% |
| Free cash flow yield | 23.4% | 20.4% | 20.3% | 13.8% | 15.5% | 13.5% |
| Revenue growth | -2.2% | -6.3% | 17.0% | -21.2% | 39.5% | -24.2% |
| Earnings growth | 15.3% | -4.4% | 28.0% | -24.9% | 95.9% | -40.9% |
| Current ratio | 5.76x | 2.71x | 3.22x | 2.90x | 2.70x | 1.18x |
| Debt to equity | 0.93x | 0.74x | 0.69x | 0.82x | 0.72x | 0.83x |
| Equity ratio | 41.5% | 46.6% | 46.1% | 44.8% | 47.6% | 40.1% |
| Interest coverage | 25.09x | 15.63x | 13.97x | 9.83x | 11.09x | 6.94x |
| R&D as a share of sales | 0.1% | 0.1% | 0.1% | 0.4% | 0.3% | 0.0% |
| Buybacks as a share of market value | -1.9% | 2.3% | -0.9% | 2.5% | -9.9% | 6.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.3% | 3.3% | 5.3% |
| Operating income | 10.5% | 11.2% | 11.3% |
| Net income | 12.2% | 15.7% | 10.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 67.5% | 65.4% | 63.7% | 61.7% |
| Operating margin | 65.7% | 62.4% | 60.0% | 59.6% |
| Net margin | 37.2% | 34.7% | 32.5% | 34.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.8 | 19.5 | 11.0 | 12.9 | 9.4 | 13.7 | 11.8 | 10.4 | 11.3 | 14.6 |
| Price to sales | 5.6 | 6.7 | 3.7 | 3.9 | 3.0 | 3.1 | 3.5 | 5.4 | 5.5 | 5.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 28 years. Last went ex-dividend on 10 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.604 | 0.523 | 0.547 | 0.428 | 0.57 | 0.291 | 0.422 | 0.562 |
- 1-to-1 reverse split · 17 Feb 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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