Shenzhen Investment Holdings Bay Area Development Company (HK:0737) has released an update.
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Shenzhen Investment Holdings Bay Area Development Company Limited reported varying performance across their toll operations in August 2024, with the Coastal Expressway (Shenzhen Section) experiencing a 23% increase in both monthly and daily toll revenues, while GS and GZ West Superhighways saw declines of 4% and 9%, respectively. These changes were attributed to weather conditions and recent infrastructure developments including the opening of the Shenzhen-Zhongshan Link. The company cautions that the provided operational statistics are unaudited and provisional, and should be used by investors with care.
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