Zhejiang Expressway’s Subsidiary Zheshang Securities Reports Strong Profit Growth for 2024

Zhejiang Expressway Co ( (HK:0576) ) has provided an update.

Zhejiang Expressway Co., Ltd. has announced the financial results of its subsidiary, Zheshang Securities Co., Ltd., for the year ending December 31, 2024. The report highlights a 10.33% decrease in operating income compared to the previous year, while net profit attributable to shareholders increased by 10.17%. The company’s total assets grew by 5.88%, and equity attributable to shareholders rose significantly by 30.26%. These results indicate a strong financial position for Zheshang Securities, despite the decline in operating income, suggesting robust profitability and asset growth, which could positively impact stakeholders and enhance the company’s industry positioning.

More about Zhejiang Expressway Co

Zhejiang Expressway Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the transportation infrastructure industry, primarily focusing on the construction, operation, and management of expressways. Additionally, it has a subsidiary, Zheshang Securities Co., Ltd., which is involved in the financial services sector, with its shares listed on the Shanghai Stock Exchange.

Technical Sentiment Signal: Sell

Current Market Cap: HK$26.28B

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