Changes in Hong Kong stocks | High-speed rail infrastructure stocks showed strong performance, and several high-speed rail lines announced price increases, and railway fixed asset investment is expected to gradually pick up

High-speed rail infrastructure stocks showed strong performance. As of press release, Guangzhou-Shenzhen Railway Shares (00525) rose 11.48% to HK$2.33; China Express (03969) rose 7.07% to HK$3.18; China Communications Construction (01800) rose 4.46% to HK$4.45; China Railway (00390) rose 3.11% to HK$3.98; and China Railway Construction (01186) rose 2.75% to HK$5.23.

Zhitong FinanceMay 6 02:16 ET

Changes in Hong Kong stocks | China Express (03969) rose more than 7% in the afternoon to replace the railway signal system to accelerate the low-altitude economy business or become a new growth pole for the company

The Zhitong Finance App learned that China Connect (03969) rose more than 7% in the afternoon. As of press release, it had risen 6.4% to HK$3.16, with a turnover of HK$21.6794 million. CICC pointed out that the service life of the railway signal system is 10-15 years. China's high-speed rail construction peaked around 2010, and at this stage, some lines have entered the replacement window one after another. The company's product share in the high-speed rail sector is at a high level. We anticipate that the subsequent release of railway signal system replacements will drive the growth of the company's main business. Galaxy Securities, on the other hand, pointed out that China Express is the national team in the field of intelligent traffic control

Zhitong FinanceMay 6 01:49 ET

[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

金吾財訊Apr 26 12:34 ET

中國通號：2024年第一季度報告

Futu NewsApr 26 08:22 ET · Announcements

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.

Gelonghui FinanceApr 26 04:53 ET

中國通號：2023年度報告

Futu NewsApr 24 05:10 ET · Announcements