Guangshen Railway Co., Ltd. (00525) is now up more than 4%. As of press release, it has risen 4.52% to HK$2.31, with a turnover of HK$22.692 million.
The Zhitong Finance App learned that Guangzhou-Shenzhen Railway Co., Ltd. (00525) has now risen by more than 4%. As of press release, it has risen 4.52% to HK$2.31, with a turnover of HK$22.692 million.
According to the news, on May 2, the 12306 website centrally published price adjustment announcements for 4 high-speed railways, including Wuguang, Shanghai-Hangzhou, Hangzhou-Hangzhou, and Hangzhou-Ningbo. Shen Wan Hongyuan pointed out that the marketization of high-speed rail fares is an important step for the rapid development of China's high-speed rail industry; taking the Hangzhou-Ningbo passenger special price adjustment plan as an example, the price announced for second-class seats increased by about 20% compared to the current fare; the high-speed rail fare marketization mechanism has been gradually improved to benefit high-speed rail operators and companies with high-speed rail line assets.
Guolian Securities recently pointed out that in the first quarter of 2024, the Guangzhou-Shenzhen Railway achieved operating revenue of 6.60 billion yuan, an increase of 7.39% over the previous year; net profit to mother was 547 million yuan, an increase of 34.99% over the previous year. During the period, the company's customer/freight volume increased by 49.4%/7.5% year on year; gross margin increased by 2.2 pct year on year, and profitability increased significantly. The bank pointed out that with the subsequent transformation of Guangzhou Railway Station and Guangzhou East Railway Station into high-speed rail stations, the company is expected to fully enter the field of high-speed rail operation.