April 30,$GUANGSHEN RAIL (00525.HK)$It has now risen by more than 4%. As of press time, it has risen 5.42% to HK$2.14, with a turnover of HK$79.252 million.
According to the news, Guangshen Railway Co., Ltd. announced results for the first quarter ended at the end of March this year. According to Chinese corporate accounting standards, operating income was 6.6 billion yuan, up 7.39% year on year; net profit was 547 million yuan, up 34.99% year on year; basic earnings per share were 7.7 points.
According to Guolian Securities, the company controls core railway assets in the Guangdong-Hong Kong-Macao Greater Bay Area and directly benefits from the release of passenger demand in the Guangdong-Hong Kong-Macao Greater Bay Area; the Guangzhan High Speed Rail is expected to be opened in 2025, which is expected to increase performance; Guangzhou Railway Station and Guangzhou East Railway Station are planned to be converted into high-speed rail stations. The company is expected to fully enter the high-speed rail sector, continue to increase the number of trains it takes charge, and profit flexibility can be expected.