Qilu Expressway Reports Revenue Growth Despite Profit Decline in 2024

Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) just unveiled an announcement.

Qilu Expressway Co., Ltd. has released its unaudited key financial data for the year ended December 31, 2024, showing a significant increase in revenue by 25.19% to RMB 7,021,823,000 compared to the previous year. However, the company’s profit and total comprehensive income decreased by 6.65% to RMB 498,392,000. The company’s total non-current assets and liabilities saw substantial growth, with assets increasing by 50.56% and liabilities by 48.53%. Despite the profit decline, the company’s total equity rose by 2.85%, indicating a stable financial position. These results are preliminary and subject to change upon finalization and review by auditors.

More about Qilu Expressway Co., Ltd. Class H

Qilu Expressway Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily operating in the transportation infrastructure sector. The company focuses on the development, operation, and management of expressways, contributing to the efficient movement of goods and people across regions.

YTD Price Performance: 6.52%

Average Trading Volume: 54,635

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$4.9B

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