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Is Guangdong Provincial Expressway Development (SZSE:000429) A Risky Investment?
Guangdong Expressway A: 2024 Annual Results Report
Guangdong Expressway A (000429.SZ) performance brief: In the fiscal year 2024, the net income attributable to shareholders is 1.562 billion yuan, a decrease of 4.39% year-on-year.
On January 22, Gelonghui reported that Guangdong Highway A (000429.SZ) announced its performance report for the 2024 fiscal year, with total operating revenue of 4.57 billion yuan, a decrease of 6.34% year-on-year; net income attributable to shareholders of the listed company was 1.562 billion yuan, down 4.39% year-on-year; net income attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 1.645 billion yuan, a decrease of 3.55% year-on-year; and basic EPS was 0.75 yuan. As of December 31, 2024, the total assets in the consolidated financial statements of the company amounted to 22.442 billion yuan, an increase of 1.073 billion yuan compared to the beginning of the period, representing a growth rate of 5.
Despite the Downward Trend in Earnings at Guangdong Provincial Expressway Development (SZSE:000429) the Stock Grows 7.8%, Bringing Three-year Gains to 121%
China Merchants: The performance and dividend stability are strong; under the expectation of interest rate cuts, the 2025 road Industry has strong allocation value.
Highways have characteristics of strong performance stability, high and stable dividend rates. Under the expectation of interest rate cuts over the next 25 years, highways have strong allocation value as core dividend Assets.
Calculating The Fair Value Of Guangdong Provincial Expressway Development Co., Ltd. (SZSE:000429)