[Hong Kong Stock Connect] China Connect (03969)'s net profit for the first quarter of RMB 604 million decreased by 10.84% year-on-year
Jinwu Financial News | China Connect (03969) announced that in the first quarter of 2024, it recorded net profit attributable to shareholders of 604 million yuan (RMB, same below), a year-on-year decrease of 10.84%; recorded revenue of 6.509 billion yuan, a year-on-year decrease of 13.1%; and basic earnings per share of 0.06 yuan. From January to March 2024, a total of 11.361 billion yuan of new contracts were signed, down 17.07% from the same period last year. Among them, the amount of new contracts signed in the railway sector was 3,985 billion yuan, an increase of 10.13% over the same period last year; the amount of new contracts signed in the urban rail transit sector was 1,524 billion yuan, compared to the same period last year
中國通號:2024年第一季度報告
China Express (688009.SH): Net profit of 604 million yuan in the first quarter decreased 10.84% year on year
On April 26, Ge Longhui (688009.SH) released its first quarter report. Operating revenue was 6.5 billion yuan, down 13.10% year on year, net profit of 604 million yuan, down 10.84% year on year, after deducting non-net profit of 594 million yuan, down 10.29% year on year, with basic earnings of 0.06 yuan per share.
中國通號:2023年度報告
China Connect (688009.SH): The relevant shareholders increased their holdings by a total of 50,1451 million yuan. The plan to increase the company's share holdings has been implemented
Gelonghui, April 19 | China Connect (688009.SH) announced that as of April 17, 2024, the shareholding entity Tonghao Group has accumulated a total increase of 9,789,576 shares through the Shanghai Stock Exchange trading system, accounting for 0.0924% of the company's total share capital. The total increase amount was RMB 50.1451 million, which has exceeded the lower limit of the current increase plan of 50 million yuan. The implementation of this increase plan has been completed.
China Express (03969.HK) will hold a board meeting on April 26 to approve the first quarter results
Gelonghui, April 16, 丨 China Express (03969.HK) announced that the board of directors meeting will be held on April 26, 2024 to review and approve the first quarter results and announcements of the company and its subsidiaries for the three months ended March 31, 2024.
Research Report Nuggets丨Northeast Securities: China Stock Exchange has sufficient orders in hand and is the first to receive a “buy” rating
According to the Northeast Securities Research Report, China Connect (688009.SH)'s net profit for 23 years was 3.477 billion yuan, -4.30% over the same period last year. The company has sufficient orders in hand, and the growth rate of new overseas business contracts is remarkable. By the end of 2023, the company had orders of 168.831 billion yuan. In terms of the railway “four power” business, the company seizes opportunities, plans ahead of schedule, rationally deploys, and promotes overall upgrading. It has successively carried out more than 10 projects in Ningbo, Tianjin, Shenzhen, Changchun, Hefei, Shanghai, Suzhou, Wuhan and other cities, stabilizing its leading position in the industry. The bank expects the company to achieve net return to mother from 2024 to 2026
Changes in Hong Kong stocks | China Express (03969) rose more than 5% intraday, and the rail transit equipment industry will directly benefit from top-level policy support for equipment upgrading
China Connect (03969) rose more than 5% in the intraday period. As of press release, it was up 3.87% to HK$3.22, with a turnover of HK$486.59 million.
Strong infrastructure stocks, CRRC (01766) surged 10.84%, infrastructure franchises extended “National Nine Rules” and then introduced dividend supervision
Jinwu Financial News | Infrastructure stocks were strong. CRRC (01766) surged 10.84%, China Railway (00390) rose 5.09%, China Communications Construction (01800) rose 4.3%, Times Electric (03898) rose 4.08%, China Railway Construction (01186), China Metallurgical (01618), China Tonghao (03969), and Guangshen Railway (00525) all rose more than 3%. China Post Securities said that the new “National Nine Rules” of the capital market proposes to strengthen the supervision of cash dividends for listed companies, increase incentives for companies with high-quality dividends, and take more measures to increase dividends
Changes in Hong Kong stocks | China Express (03969) rose nearly 5% at the end of the session, and the share of overseas revenue for the Guinea West Railway project is expected to increase
China Connect (03969) rose nearly 5% at the end of the session. As of press release, it rose 4.98% to HK$3.16, with a turnover of HK$553.38 million.
Investors in China Railway Signal & Communication (HKG:3969) Have Unfortunately Lost 33% Over the Last Five Years
While not a mind-blowing move, it is good to see that the China Railway Signal & Communication Corporation Limited (HKG:3969) share price has gained 14% in the last three months. But that doesn't c
China Express announced 2023 results, net profit to mother of about 3.477 billion yuan, a year-on-year decrease of 4.3%
China Express (03969) announced its 2023 results, with operating income of about 37.02 billion yuan, a year-on-year decrease of 7.96%; net profit attributable to shareholders of listed companies was about 3.477 billion yuan, a year-on-year decrease of 4.3%; basic earnings per share were 0.32 yuan, with a cash dividend of RMB 1.7 yuan for every 10 shares.
China Railway Signal & Communication 2023 Rev CNY37.00B Vs. CNY40.20B >3969.HK
China Railway Signal & Communication 2023 Rev CNY37.00B Vs. CNY40.20B >3969.HK
China Express (03969) plans to renew Lixin as the 2024 external auditor
China Express (03969) announced that the group plans to renew Lixin Certified Public Accountants (Special General Partnership) (hereafter...
CHINA CRSC: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
China Connect (688009.SH) issued 2023 annual results, with net profit of 3.477 billion yuan, a year-on-year decrease of 4.30%. It plans to distribute 1.70 yuan for every 10 shares
Zhitong Finance App News, China Connect (688009.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 37.02 billion yuan, a year-on-year decrease of 7.96%; net profit attributable to shareholders of listed companies was 3.477 billion yuan, a year-on-year decrease of 4.30%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 3.266 billion yuan, a year-on-year decrease of 4.41%; and basic earnings per share were 0.32 yuan/share. After review and approval at the 20th meeting of the fourth board of directors, the company plans to base the 2023 fiscal year on the total share capital registered on the equity registration date for implementing equity distribution
China Connect Company (688009.SH): Won the bid for six major projects on track
Gelonghui, March 20, China Express (688009.SH) announced that from January to February 2024, it won bids for a total of six important projects in the rail transit market, including five in the railway market, namely the HSRD section of the new Shanghai-Nanjing-Hefei high-speed railway with a bid amount of 1,349 million yuan; the SRD section of the Robubo-Ruoqiang Railway won the bid amount of 237 million yuan; the SSQG-3 bid for the construction of the Shenzhen-Shenzhen-Shantou Cooperative Zone railway “three power” and pipeline relocation project involved the Yangyang Railway; Launch Passenger Transport Service Engineering EPC General Manager
China Express (03969.HK) held a board meeting on March 26 to review and approve annual results
Glonghui, March 14, 丨 China Express (03969.HK) announced that the board of directors meeting will be held on March 26, 2024 (Tuesday) to review and approve the annual results and announcements of the company and its subsidiaries for the year ended 31 December 2023, and to consider declaring a final dividend (if any).
CHINA CRSC: NOTICE OF BOARD MEETING
Changes in Hong Kong stocks | China Express (03969) rose more than 8%, and the central government encourages large-scale equipment upgrades, and the rail transit industry is expected to directly benefit
The Zhitong Finance App learned that China Connect (03969) rose more than 8%. As of press release, it had risen 7.02% to HK$3.2, with a turnover of HK$346.58 million. GF Securities pointed out that the introduction of large-scale equipment renewal policies means that rail transit will directly benefit as an industry with limited long-term capital expenditure growth. Currently, the industry is at the beginning of a new large-scale renewal and replacement cycle. According to our estimates, the potential market space for complete vehicles to be replaced exceeds 45 billion yuan per year, and the market space for advanced repairs exceeds 10 billion yuan per year. According to the company's annual report, CRRC's maintenance revenue in '22 accounted for 40% of railway business revenue left
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