Shenzhen Expressway Co ( (HK:0548) ) has shared an update.
Shenzhen Expressway Co announced its 2024 annual results, reporting a slight decrease in revenue by 0.53% to RMB9.25 billion and a significant drop in net profit by 50.80% to RMB1.15 billion. The decline in profit was attributed to reduced real estate income from its associated enterprise, United Land, and asset impairment provisions. The company proposed a final cash dividend of RMB 0.244 per share, subject to shareholder approval. This financial performance reflects challenges in the company’s operations, including wind resource fluctuations and decreased revenue from certain projects, impacting its industry positioning and stakeholder returns.
More about Shenzhen Expressway Co
Shenzhen Expressway Co is a joint stock limited company incorporated in the People’s Republic of China. It operates in the infrastructure sector, primarily focusing on the development, operation, and management of toll highways and roads. The company is listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange.
YTD Price Performance: -5.64%
Average Trading Volume: 533
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.94B
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