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Zhejiang Expressway Reports Decline in Subsidiary’s Profits

Zhejiang Expressway Reports Decline in Subsidiary’s Profits

Zhejiang Expressway Co (DE:ZHJ) has released an update.

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Zhejiang Expressway Co.’s subsidiary, Zheshang Securities, reported a decline in financial performance for the first three quarters of 2024, with operating revenue dropping by 5.75% and net profit falling 4.75% compared to the same period in 2023. This preliminary data highlights challenges faced by the company, signaling potential concerns for investors as they await the audited financial report. Despite the downturn, Zheshang Securities remains a key player in the Chinese financial market.

For further insights into DE:ZHJ stock, check out TipRanks’ Stock Analysis page.

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