Hainan Airport Infrastructure (SHA:600515) expected to record net profit attributable to shareholders of between 320 million yuan and 480 million yuan in 2024.
This marked an up to 66% decrease from attributable net profit of 952.8 million yuan in 2023, according to a Jan. 18 filing with the Shanghai bourse.
The airport operation manager attributed the decline to real estate market adjustments, slower consumer growth and industry cycles.
Shares of the company rose less than 1% in recent trade.
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