Hongxin Construction and Development (09930) released an unaudited operating summary for the first quarter ended March 31, 2024. book...
According to the Zhitong Finance App, Hongxin Construction and Development (09930) released an unaudited operating summary for the first quarter ended March 31, 2024. During the period under review, the Group's business in mainland China and Hong Kong, China was carried out in an orderly manner after the Lunar New Year holiday, and the average utilization rate of all major operating equipment categories gradually rose to pre-holiday levels after the holiday season. At the same time, the Group has also accelerated its overseas market layout, adding new outlets in Thailand and Vietnam during this review period. The total number of overseas outlets has reached 8, and the scope of overseas operating equipment has been further expanded. In the first quarter of 2024, the Group's unaudited revenue increased moderately compared to the same period last year.
By the end of this review period, the Group's operating equipment range continued to be rich, and the management scale of aerial work platforms was further expanded. The total number reached about 190,000 units, including about 11,000 aerial work platform fleets accepted in the form of subleases from a number of peer companies planning to withdraw from the operating rental market. The Group believes that these businesses reflect the Group's ability to operate assets and manage risk, and will further optimize the competitive landscape of the industry.
Looking ahead to the whole year, on the basis of maintaining a leading position in the mainland China market, the Group will take “new products, new customers, new markets” as the strategic guide, and strive to create good financial benefits for shareholders while maintaining a sound financial structure.