Shenzhen Expressway Logs 995 Million Yuan in Toll Revenue in December 2024; Shares Drop 7%
MT Newswires Live01-27
Shenzhen Expressway (HKG:0548, SHA:600548) generated a toll revenue of 994.5 million yuan in December 2024, according to a Hong Kong Stock Exchange disclosure on Jan. 24.
The revenue was collected from 16 expressways, a majority located in China's Guangdong Province while three were located in other provinces in the mainland.
Among the expressways, Qinglian Expressway's toll revenue fell year on year due to the first phase of the road technology improvement project, which is now complete, the expressway company said.
The company's Hong Kong shares dropped less than 7% and Shanghai shares fell less than 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
