Trade Jiangsu Expressway Company Limited - 0177 CFD

Jiangsu Expressway Company profile

About Jiangsu Expressway Co Ltd

Jiangsu Expressway Company Limited is a China-based company principally engaged in the investment, construction, operation and management of toll roads and bridges. The Company operates Huning Expressway, Ningchang Expressway, Zhenli Expressway, Xiyi Expressway, Guangjing Expressway and Jiangyin Bridge. In addition, the Company also provides supporting services, including refueling, catering, shopping, advertising and accommodation services. The Company is also engaged in the sales of real estate. The Company mainly conducts its businesses within Jiangsu Province, China.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Jiangsu Expressway Co Ltd revenues increased 43% to RMB7.66B. Net income increased 100% to RMB3.79B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Equity Earnings -Before Taxes increase from RMB262.8M to RMB660.7M (income), Income from changes in fair value increase from RMB65.8M to RMB347.3M (income).