Shenzhen Investment Holdings Reports Mixed Expressway Results
Company Announcements

Shenzhen Investment Holdings Reports Mixed Expressway Results

Shenzhen Investment Holdings Bay Area Development Company (HK:0737) has released an update.

Shenzhen Investment Holdings Bay Area Development Company reported mixed results for the first nine months of 2024, with a significant 30% increase in daily toll revenue for the Shenzhen section of the Coastal Expressway, while the Guangzhou-Zhuhai West Superhighway saw a 4% decline. The opening of the Shenzhen-Zhongshan Link positively impacted overall traffic, though some expressways were affected by diversions from new routes. Additionally, the company’s real estate arm achieved contract sales of RMB693 million, averaging RMB20,000 per square meter.

For further insights into HK:0737 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskShenzhen Investment Holdings Delays Circular Dispatch
TipRanks HongKong Auto-Generated NewsdeskShenzhen Investment Holdings Reports Mixed Toll Revenues
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App