Shenzhen International Holdings (HKG:0152) unit, Shenzhen Expressway, expects that its 2024 net profit attributable to shareholders will range from about 1.16 billion yuan to 1.40 billion yuan, a decline up to 50% compared to last year.

The reasons for the decline in profit is due to a substantial decrease in the profit from its associate, as well as factors such as an increase in asset impairment losses and a decrease in operating profit.

The company is expected to post its final annual results in March.