Shenzhen Expressway Co., Ltd. (00548) rose more than 5%. As of press release, it rose 5.07% to HK$7.04, with a turnover of HK$9.1 million.
The Zhitong Finance App learned that Shenzhen Expressway shares (00548) rose by more than 5% and rose 5.07% at press time to HK$7.04, with a turnover of HK$9.1 million.
According to the news, the company released its 2023 annual report. The group obtained operating income of 9.295 billion yuan (RMB, same below) during the period, a year-on-year decrease of 0.82%; net profit to mother of 2,327 billion yuan, an increase of 15.41%; basic earnings per share of 0.982 yuan; and plans to pay a final dividend of 0.55 yuan per share. According to the announcement, the year-on-year increase in net profit to the mother was mainly due to a restorative increase in toll road traffic operated and invested by the Group, and a decrease in exchange losses related to foreign currency debt held by the Group.
The announcement said that in 2023, as the domestic economy and society fully resumed normal operation, road traffic demand rebounded rapidly, but due to environmental impacts such as the sluggish global economy and weak external demand, domestic economic production was under overall pressure, and demand for road freight traffic grew slowly; on the other hand, benefiting from the full restoration of social order, the public's willingness to travel by car steadily rebounded; in addition, the franchise period for the Wuhuang Expressway expired and terminated in December 2022, which had a certain impact on the Group's toll revenue during the reporting period. Due to the low base for the same period last year, most toll road traffic and toll revenue from the Group's operations and investments recorded significant year-on-year increases during the reporting period.