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Shenzhen International Holdings ( (HK:0152) ) has shared an update.
Shenzhen International Holdings Limited announced a profit warning for its subsidiary, Shenzhen Expressway Corporation Limited, anticipating a net profit decrease of 40% to 50% for the year ending December 2024. The decline is attributed to reduced profits from an associate company, increased asset impairment losses, and a decrease in operating profit. However, the overall impact on the Group’s financial results is expected to be minimal, as previous gains from the disposal of the associate company have already been recognized.
More about Shenzhen International Holdings
Shenzhen International Holdings Limited operates in the infrastructure and logistics industry, primarily focusing on managing toll roads and expressways through its subsidiary, Shenzhen Expressway Corporation Limited. The company is strategically positioned in the Chinese market, with significant holdings in transportation infrastructure.
YTD Price Performance: 0.98%
Average Trading Volume: 1,999
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.24B
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