Shenzhen Expressway (HKG:0548, SHA:600548) expects to record a net profit attributable to shareholders of between 1.16 billion yuan and 1.40 billion yuan in 2024, down 40% to 50% year on year, according to a Hong Kong Stock Exchange disclosure on Jan. 24.
The expressway company said the forecast was made after recognizing investment income in 2023 due to the delivery of commercial housing in the Meilin Checkpoint Renewal Project developed by the company's joint venture, United Land.
Investment income and operating profit were also anticipated to decrease in 2024 following adverse weather in regions where operating projects were located, toll-free during holidays and increased special maintenance costs.
The company's Hong Kong shares slumped less than 7% and Shanghai shares fell less than 2% in recent trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。