Guangzhou-Shenzhen Railway shares (00525) rose 3.5 percent in early tradingpaigowpoker.17%paigowpoker, now reported 2paigowpoker.28 HKDpaigowpoker, the turnover was 28.7989 million Hong Kong dollars.
Guolian Securities recently pointed out that in the first quarter of 2024, the Guangzhou-Shenzhen Railway achieved operating income of 6.600 billion yuan, a year-on-year increase of 7.39%; and achieved a net profit attributable to the parent company of 547 million yuan, a year-on-year increase of 34.99%. During the period, the company's passenger/freight volume increased by 49.4%/7.5% year-on-year; gross profit margin increased by 2.2pct year-on-year, and profitability improved significantly. The bank pointed out that with the subsequent transformation of Guangzhou Station and Guangzhou East Railway Station into high-speed rail stations, the company is expected to fully enter the field of high-speed rail operations.