Huayu Expressway Group Limited (1823.HK)

Name: Huayu Expressway Group Limited Financial Statements
Creator: Quarter Results

Industrials | Industrial Infrastructure Operations

Latest reporting period: 2026-04-09

Latest Quarter

2026-04-09

Revenue

$75.8M

Net Income

-$23.3M

Operating Margin

-11.4%

Free Cash Flow

-$428M

Debt / Assets

27.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Huayu Expressway Group Limited (1823.HK).
Income Statement (Quarterly)	2026-04-09	2025-12-31	2025-06-30	2025-03-31
Revenue	75,832,000	63,502,573	75,832,000	37,916,000
Cost of Revenue	62,585,000	54,396,080	62,585,000	31,292,500
Gross Profit	13,247,000	9,106,493	13,247,000	6,623,500
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	24,091,000	27,060,867	24,091,000	12,045,500
Operating Expenses	21,888,000	27,060,867	21,888,000	10,944,000
Operating Income	-8,641,000	-17,954,373	-8,641,000	-4,320,500
Interest Expense	0	2,150,512	2,606,000	0
Income Before Tax	-25,461,000	-17,678,062	-25,461,000	-12,730,500
Income Tax Expense	102,000	-3,057,130	102,000	51,000
Net Income	-23,320,000	-12,609,066	-23,320,000	-11,660,000
Per Share
EPS	-0.06	-0.03	-0.06	-0.03
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Huayu Expressway Group Limited (1823.HK).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	136,777,981	198,145,000	407,104,000	409,886,000	505,962,000
Cost of Revenue	114,852,513	158,641,000	292,090,000	290,201,000	319,161,000
Gross Profit	21,925,467	39,504,000	115,014,000	119,685,000	186,801,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	50,275,249	57,697,000	74,280,000	54,539,000	52,760,000
Operating Expenses	50,275,249	56,149,000	74,284,000	54,539,000	52,760,000
Operating Income	-28,349,781	-16,645,000	40,730,000	65,826,000	152,033,000
Interest Expense	5,065,417	5,102,000	1,864,000	1,533,000	51,705,000
Income Before Tax	-42,314,749	-9,221,000	39,092,000	68,496,000	103,762,000
Income Tax Expense	-3,127,895	4,064,000	22,154,000	19,297,000	22,900,000
Net Income	-35,207,578	-8,514,000	329,432,000	49,028,000	70,299,000
Per Share
EPS	-0.09	-0.02	0.80	0.14	0.17
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Huayu Expressway Group Limited (1823.HK).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	126,867,253	185,756,000	313,720,000	205,659,000
Short Term Investments	0	0	14,242,000	-15,450,849
Net Receivables	116,697,904	4,840,000	0	1,328,649,000
Inventory	401,963,895	390,608,000	256,628,000	159,933,000
Total Current Assets	688,820,567	713,645,000	720,013,000	1,706,502,000
Property Plant Equipment	536,871,588	428,974,000	211,164,000	7,094,000
Goodwill and Intangibles	0	49,134,000	80,197,000	115,091,000
Total Assets	1,426,340,962	1,412,809,000	1,249,230,000	1,955,952,000
Liabilities
Account Payables	0	50,031,000	4,730,000	5,537,000
Short Term Debt	112,690,190	147,512,000	899,000	51,387,000
Total Current Liabilities	205,153,732	234,371,000	124,648,000	1,152,659,000
Long Term Debt	183,440,445	100,009,000	560,000	263,000
Total Liabilities	388,594,178	334,380,000	125,208,000	1,152,922,000
Shareholders Equity
Retained Earnings	0	-18,214,000	35,889,000	-229,664,000
Total Shareholders Equity	714,409,510	751,145,000	803,826,000	518,168,000

Balance sheet annual history for Huayu Expressway Group Limited (1823.HK).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	126,867,253	185,756,000	313,720,000	205,659,000	332,574,000
Short Term Investments	0	0	14,242,000	-15,450,849	0
Net Receivables	116,697,904	4,840,000	0	1,328,649,000	0
Inventory	401,963,895	390,608,000	256,628,000	159,933,000	100,004,000
Total Current Assets	688,820,567	713,645,000	720,013,000	1,706,502,000	645,491,000
Property Plant Equipment	536,871,588	428,974,000	211,164,000	7,094,000	36,264,000
Goodwill and Intangibles	0	49,134,000	80,197,000	115,091,000	1,470,824,000
Total Assets	1,426,340,962	1,412,809,000	1,249,230,000	1,955,952,000	2,333,696,000
Liabilities
Account Payables	0	50,031,000	4,730,000	5,537,000	51,562,000
Short Term Debt	112,690,190	147,512,000	899,000	51,387,000	136,337,000
Total Current Liabilities	205,153,732	234,371,000	124,648,000	1,152,659,000	277,801,000
Long Term Debt	183,440,445	100,009,000	560,000	263,000	1,075,639,000
Total Liabilities	388,594,178	334,380,000	125,208,000	1,152,922,000	1,455,416,000
Shareholders Equity
Retained Earnings	0	-18,214,000	35,889,000	-229,664,000	0
Total Shareholders Equity	714,409,510	751,145,000	803,826,000	518,168,000	576,798,000

Cash flow quarterly history for Huayu Expressway Group Limited (1823.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-9,221,000	91,842,000	119,495,000	70,299,000
Depreciation & Amortization	39,888,000	38,972,000	64,066,000	77,811,000
Stock Based Compensation	0	0	1,296,000	42,513,000
Change in Working Capital	-268,726,000	-45,389,000	7,921,000	-81,896,000
Operating Cash Flow	-250,518,000	63,566,000	198,698,000	248,190,000
Investing Activities
Capital Expenditure	-177,557,000	-49,684,000	-28,363,000	-37,625,000
Investments	-177,557,000	-49,684,000	-28,363,000	-30,731,000
Investing Cash Flow	-93,544,000	146,477,000	-116,619,000	-173,868,000
Financing Activities
Debt Repayment	244,593,000	-50,000,000	-160,000,000	-1,197,184,000
Common Stock Issued/Repurchased	0	-91,091,000	0	0
Dividends Paid	-45,574,000	-43,767,000	0	-24,756,000
Financing Cash Flow	217,459,000	-157,156,000	-94,417,000	-4,110,000
Summary
Free Cash Flow	-428,075,000	13,882,000	170,335,000	210,565,000
Net Change in Cash	-127,964,000	53,646,000	-11,837,000	86,029,000

Cash flow annual history for Huayu Expressway Group Limited (1823.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-9,221,000	91,842,000	119,495,000	70,299,000	70,299,000
Depreciation & Amortization	39,888,000	38,972,000	64,066,000	77,811,000	41,095,000
Stock Based Compensation	0	0	1,296,000	42,513,000	1,462,000
Change in Working Capital	-268,726,000	-45,389,000	7,921,000	-81,896,000	-51,884,000
Operating Cash Flow	-250,518,000	63,566,000	198,698,000	248,190,000	105,831,000
Investing Activities
Capital Expenditure	-177,557,000	-49,684,000	-28,363,000	-37,625,000	-16,038,000
Investments	-177,557,000	-49,684,000	-28,363,000	-30,731,000	-3,756,000
Investing Cash Flow	-93,544,000	146,477,000	-116,619,000	-173,868,000	-23,111,000
Financing Activities
Debt Repayment	244,593,000	-50,000,000	-160,000,000	-1,197,184,000	-44,984,000
Common Stock Issued/Repurchased	0	-91,091,000	0	0	0
Dividends Paid	-45,574,000	-43,767,000	0	-24,756,000	0
Financing Cash Flow	217,459,000	-157,156,000	-94,417,000	-4,110,000	-98,824,000
Summary
Free Cash Flow	-428,075,000	13,882,000	170,335,000	210,565,000	89,793,000
Net Change in Cash	-127,964,000	53,646,000	-11,837,000	86,029,000	-4,088,000