Increased revenue without increased profit! Jiangsu Expressway's Q1 revenue surged by 37.7%, but the net income attributable to the parent company fell by 2.9% | Earnings Reports insights.

In the first quarter, Jiangsu Expressway's revenue grew by 37.66% to 4.782 billion yuan, mainly benefiting from increased investments in road and bridge construction. After excluding construction income, revenue slightly decreased by 0.72% year-on-year. The core asset, Huning Expressway, performed exceptionally well, with an average daily traffic of 0.122 million vehicles, a year-on-year increase of 5.46%, and an average daily income of 14.8973 million yuan, a year-on-year increase of 9.58%.

wallstreetcn09:29 ET

Signaling! CITIC Financial Assets has invested over 13 million yuan to increase shareholding in Daqin Railway. What does this signal?

① Industry insiders indicate that shareholding conducted from the perspective of good fundamentals and long-term investment will increase market confidence in the targeted company. ② CITIC Financial Assets stated that based on a bullish outlook on the development prospects and recognition of the value of Daqin Railway, they intend to enhance their influence on Daqin Railway through this shareholding.

cls.cnApr 10 20:12 ET

In the first quarter, the China-Europe Railway Express sent 10,250 twenty-foot equivalent units, and China-Europe trade is expected to accelerate development.

① According to reports, from January to March, the China-Europe Railway Express operated a total of 250 trains, sending 10,250 standard containers, a year-on-year increase of 7.4%. ② Market analysis indicates that the rapid development of the China-Europe Railway Express has built a resilient international supply chain, with strong radiation, driving and influencing power, promoting economic and trade exchanges and industrial integration among countries along the route, and opening a new chapter in the cooperative development of the Eurasian continent.

cls.cnApr 8 19:38 ET

At the beginning of the year, insurance funds are buying vigorously, but Zhongyou Life Insurance has taken the opposite approach, reducing its shareholding in ANHUIEXPRESSWAY just four months after the acquisition. Why is that?

① Zhongyoupao Life reduced its shareholding by 2.66 million shares at an average price of HKD 10.5885 per share in the market; ② The shareholding ratio decreased from 5.04% to 4.5%; ③ Zhongyoupao Life plans to increase its allocation of TPL Stocks in 2025.

cls.cnFeb 25 03:15 ET

The Evergrande Group faces a debt collection of 2 billion from Shandong Hi-Speed due to mistakes made.

① Due to the payment issues related to the equity transfer from Evergrande, a new round of tug-of-war has arisen over the debt disputes between influential state-owned enterprises in Shenzhen and shandong; ② Shandong hi-speed stated on the Shanghai Stock Exchange e-interaction platform that, as of now, the court has not yet made a ruling on the case. Meanwhile, Changying Jincheng has successively submitted the "Application for Restoration of Enforcement" to the court three times on June 14, September 19, and November 18, 2024.

cls.cnDec 10, 2024 01:00 ET

Insurance funds are heating up again! China Post Insurance increased its shareholding in Anhui Expressway listed in Hong Kong to 5.0360%, with two insurance companies taking action this week, bringing the total number of investments this year to 13 times.

China Post Insurance has increased its shareholding in Anhui Expressway's listed in Hong Kong to 5.0360%, triggering a disclosure of shareholding. Recently, insurance funds' shareholding has once again heated up, with two instances of shareholding within a week, second only to August of this year in terms of frequency. As of November 6, there have been a total of 13 instances of shareholding by insurance companies this year, involving a total of 12 listed companies.

cls.cnNov 6, 2024 08:22 ET