CompanyGraph
China Merchants Expressway Network & Technology Holdings Co., Ltd.
001965 · SZSE · China
cmexpressway.comFinancials as of FY2025
At a glance
- Depends onMidstream position: 6 outgoing, 4 incoming connections
- ScaleMarket cap is $9.89B, above the global median of $1.15B
- PositionReturn on assets is 1%, lower than 95% of its Infrastructure Operations peers (median 3.1%)
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
66.73BCNY9.89B · vs all stocks (USD)
Trailing P/E
14.55xvs Infrastructure Operations peers
Revenue (TTM)
14.11BCNY2.09B · vs all stocks (USD)
Profit Margin
32.80%vs Infrastructure Operations peers
Beta
-0.0200xvs all stocks
52-Week Change
-17.14%vs all stocks
Market Capitalization
66.73BCNY9.89B · vs all stocks (USD)
Enterprise Value
128.31BCNY19.01B · vs all stocks (USD)
Trailing P/E
14.55xvs Infrastructure Operations peers
Forward P/E
10.91xvs Infrastructure Operations peers
Price to Sales (TTM)
4.62xvs Infrastructure Operations peers
Price to Book (MRQ)
0.9306xvs Infrastructure Operations peers
Enterprise to Revenue
9.09xvs Infrastructure Operations peers
Enterprise to EBITDA
19.82xvs Infrastructure Operations peers
Gross Margin
25.87%vs Infrastructure Operations peers
Profit Margin
32.80%vs Infrastructure Operations peers
Operating Margin
20.08%vs Infrastructure Operations peers
Return on Assets (TTM)
1.02%vs Infrastructure Operations peers
Return on Equity (TTM)
5.57%vs Infrastructure Operations peers
Revenue (TTM)
14.11BCNY2.09B · vs all stocks (USD)
Revenue per Share (TTM)
2.01CNYUpdated Jul 14, 2026Quarterly Revenue Growth
26.90%vs Infrastructure Operations peers
Gross Profit (TTM)
3.88BCNY574.38M · vs all stocks (USD)
EBITDA (TTM)
7.39BCNY1.10B · vs all stocks (USD)
Net Income (TTM)
4.63BCNY685.99M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
1.50%vs Infrastructure Operations peers
Operating Cash Flow (TTM)
6.38BCNY944.95M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
3.89BCNY576.02M · vs all stocks (USD)
5-Year Average Dividend Yield
3.81%vs all stocks
Payout Ratio
63.10%vs Infrastructure Operations peers
Minority Interest (Equity)
17.35BCNYFY2025 · Dec 31, 2025Revenue
13.36BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
9.38BCNYFY2025 · Dec 31, 2025Gross Profit
3.99BCNYFY2025 · Dec 31, 2025Operating Income
2.94BCNY435.16M · vs all stocks (USD)
Pre-tax Income
5.64BCNYFY2025 · Dec 31, 2025Income Tax Expense
533.42MCNYFY2025 · Dec 31, 2025Net Income
5.11BCNYFY2025 · Dec 31, 2025EBIT
7.19BCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
11.49BCNYFY2025 · Dec 31, 2025Research & Development
174.94MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
127.56MCNYFY2025 · Dec 31, 2025Other Operating Expenses
94.17MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
108.49MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
1.55BCNYFY2025 · Dec 31, 2025Net Income from Continuing Operations
5.11BCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-496.60MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
6.46BCNYFY2025 · Dec 31, 2025Free Cash Flow
5.31BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
10.02BCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
5.11BCNYFY2025 · Dec 31, 2025Other Non-cash Items
1.75BCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-349.26MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-48.26MCNYFY2025 · Dec 31, 2025Capital Expenditures
-1.16BCNYFY2025 · Dec 31, 2025Purchase of Investments
-1.92BCNYFY2025 · Dec 31, 2025Sale of Investments
3.10BCNYFY2025 · Dec 31, 2025Other Investing Activity
-24.07KCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
27.62MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
16.92BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-17.06BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-4.49BCNYFY2025 · Dec 31, 2025Other Financing Charges
-290.91MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-4.93BCNYFY2025 · Dec 31, 2025Shares Outstanding
6.80BSharesUpdated Jul 14, 2026Float Shares
1.90BSharesUpdated Jul 14, 2026% Held by Insiders
72.06%vs all stocks
% Held by Institutions
15.19%vs all stocks
Total Cash (MRQ)
10.30BCNY1.53B · vs all stocks (USD)
Total Cash per Share (MRQ)
1.52CNYUpdated Jul 14, 2026Total Debt (MRQ)
55.82BCNY8.27B · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.6002xvs Infrastructure Operations peers
Current Ratio (MRQ)
1.07xvs Infrastructure Operations peers
Book Value per Share (MRQ)
10.32CNYUpdated Jul 14, 2026Total Assets
162.42BCNY24.06B · vs all stocks (USD)
Total Current Assets
15.66BCNYFY2025 · Dec 31, 2025Total Liabilities
70.79BCNYFY2025 · Dec 31, 2025Total Non-current Assets
146.76BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
56.20BCNYFY2025 · Dec 31, 2025Total Current Liabilities
14.59BCNYFY2025 · Dec 31, 2025Cash
1.92BCNYFY2025 · Dec 31, 2025Cash Equivalents
8.15BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
10.07BCNYFY2025 · Dec 31, 2025Accounts Receivable
1.47BCNYFY2025 · Dec 31, 2025Inventory
266.42MCNYFY2025 · Dec 31, 2025Accounts Payable
3.25BCNYFY2025 · Dec 31, 2025Short-term Debt
5.96BCNYFY2025 · Dec 31, 2025Other Current Liabilities
1.84BCNYFY2025 · Dec 31, 2025Long-term Debt
48.55BCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
1.19BCNYFY2025 · Dec 31, 2025Common Stock (Book)
6.80BCNYFY2025 · Dec 31, 2025Retained Earnings
24.02BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
91.63BCNY13.58B · vs all stocks (USD)
Treasury Stock
0.00CNYFY2025 · Dec 31, 202552-Week Low
8.66CNYUpdated Jul 14, 202652-Week High
12.11CNYUpdated Jul 14, 202652-Week Change
-17.14%vs all stocks
Beta
-0.0200xvs all stocks
50-Day MA
9.71CNYUpdated Jul 14, 2026200-Day MA
9.80CNYUpdated Jul 14, 2026Avg 10-Day Volume
10.77MSharesUpdated Jul 14, 2026Avg 30-Day Volume
12.41MSharesUpdated Jul 14, 2026Diluted EPS (TTM)
0.6600CNYUpdated Jul 14, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Return on assets is 1%, lower than 95% of its Infrastructure Operations peers (median 3.1%)Significant
Return on assets: 0.01Industry median: 0.03Industry P5: 0.02Peers compared: 27.00
Financial Health
Altman Z-Score 1.01: distress zoneCritical
Altman Z-Score: 1.01
High earnings qualityNotable
Earnings Quality Score: 0.97
High structural barrier to entryNotable
Barrier to Entry: 0.54
Supply Chain
Midstream position: 6 outgoing, 4 incoming connectionsNotable
Outgoing: 6.00Incoming: 4.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Market cap is $9.89B, above the global median of $1.15BNotable
Market cap (USD): 9,886,395,710.759Global Median: 1,145,858,811.742
Revenue is $2.09B, above the global median of $517.53MNotable
Revenue (USD): 2,091,174,825.492Global Median: 517,534,752.336
Levered free cash flow is $576.02M, above the global median of $15.09MNotable
Levered free cash flow (USD): 576,016,419.553Global Median: 15,093,872.255
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