HK Stock Market Move | Shenzhen Expressway Corporation (00548) rose over 4% in the final trading session. One-time impairments resulted in performance remaining basically flat year-on-year. Dividend payout ratio exceeded 50%.

Shenzhen Expressway Corporation (00548) rose more than 4% in the final trading session, rising 4.27% to 8.06 Hong Kong dollars with a trading volume of 52.8273 million Hong Kong dollars. In terms of news, SHENZHENEXPRESS previously announced its annual performance, with operating income of around 9.264 billion yuan, a year-on-year increase of 0.2%; net profit attributable to the company's shareholders was around 1.149 billion yuan, a year-on-year increase of 0.38%. The company plans to distribute cash dividends of 619 million yuan, accounting for 53.88% of the total net profit attributable to mothers. Huachu Securities pointed out that the company made provisions for impairment losses on various assets totaling 745 million yuan in 2025, reducing the net profit attributable to mothers by 674 million yuan. Among them, the company conducted impairment testing on the goodwill of the BAY AREA DEV asset group, fully provided for goodwill impairment losses of 203 million and long-term equity investment impairment losses of 171 million, totaling 374 million. This was mainly due to lower-than-expected overall growth in traffic demand in the region where the relevant highways are located and a greater-than-expected impact from the diversion caused by the opening of competitive road sections nearby. However, the company has fully provided for it, which is more of a one-time impact.