Guangshen Railway Co., Ltd. (00525) rose more than 5%. As of press release, it had risen 5% to HK$1.89, with a turnover of HK$237.95 million.
The Zhitong Finance App learned that Guangzhou-Shenzhen Railway Co., Ltd. (00525) rose by more than 5%. As of press release, it had risen 5% to HK$1.89, with a turnover of HK$237.95 million.
According to the news, Guangshen Railway Co., Ltd. achieved operating revenue of RMB 26.195 billion (same unit) in 2023; passenger revenue of 10.728 billion yuan, up 60.52% year on year; passenger traffic volume of 593.15 million people, up 123.69% year on year; and shareholders should account for comprehensive profit of 1,058 billion yuan, turning a year-on-year loss into a profit. In 2023, the company paid a cash dividend of 0.07 yuan per share, with a dividend rate of about 47%.
Everbright Securities pointed out that the company's new cross-line long-distance EMU trains will contribute to profit growth; Guangzhou Railway Station and Guangzhou East Railway Station will be transformed into high-speed rail stations in the future, and the company is expected to continue to open additional cross-line trains and continue to contribute to the increase in performance. Considering the relatively low valuation levels of the company's A shares and H shares, the “gain” ratings of the company's A shares and H shares were maintained.