Yuexiu Transport Infrastructure ( (GZITF) ) has released its Q4 earnings. Here is a breakdown of the information Yuexiu Transport Infrastructure presented to its investors.
Yuexiu Transport Infrastructure is a company engaged in the investment, construction, development, operation, and management of expressways and bridges in China, primarily within the transportation infrastructure sector. The company is known for its strategic presence in the Guangdong-Hong Kong-Macau Greater Bay Area and other key regions in China.
In its latest earnings report for the year ending December 31, 2024, Yuexiu Transport Infrastructure reported a revenue of RMB3,867 million, marking a 2.5% decrease from the previous year. The profit attributable to shareholders also saw a decline of 14.2%, amounting to RMB657 million. The company attributed these decreases to adverse weather conditions, additional toll-free holidays, and traffic diversions affecting some projects.
Key financial metrics highlighted in the report include a total dividend payout of HK$0.25 per share for 2024, with a payout ratio of 58.5%. The company also completed significant strategic moves, such as acquiring a 55% equity interest in Henan Yuexiu Pinglin Expressway Company Limited and disposing of its interest in Jinxiong Expressway. These moves align with the company’s regional expansion strategy and aim to optimize its asset portfolio.
Despite the challenges faced in 2024, Yuexiu Transport Infrastructure maintains a positive outlook for the future. The company plans to continue enhancing its core business through strategic investments and leveraging opportunities in expressway investment and mergers. With a focus on expanding its presence in developing areas and strengthening its infrastructure business, the company aims to create greater value for its shareholders.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com