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Road King Infra (01098.HK) will hold a board of directors meeting on August 22 to review its interim performance.
Road King Infra (01098.HK) announced that the company will hold a board of directors meeting on August 22, 2024 to approve the mid-term performance of the company and its subsidiaries, including the six-month period ending on June 30, 2024.
ROAD KING INFRA: DATE OF BOARD MEETING
Haitong SEC: From January to July, fixed asset investment in railways increased by 10.5% year-on-year, and orders for rail transit equipment were intensively landed.
From January to July, China's railroad assets investment increased by 10.5% year-on-year.
Road king infra (01098.HK): The total property sales revenue in the first half of the year was 7.304 billion yuan.
On August 2, Guolonghui announced that Road King Infra (01098.HK) signed contracts worth RMB 6.712 billion for the six months ended June 30, 2024. Combined with the amount of agreements not yet turned into contracts, which is RMB 0.592 billion, the total property sales revenue of the group during this period was RMB 7.304 billion, a decrease of about 53% compared to the data as of June 30, 2023. For the six months ended June 30, 2024, toll revenue from highway projects was RMB 1.436 billion (including RMB 0.607 billion from China and RMB 0.829 billion from Indonesia), compared to 2023.
Express News | Road King Infrastructure - Contracted Sales for Six Months RMB6,712 Mln
CITIC SEC: Railway reform is expected to accelerate and improve sector valuation. Market-oriented competition may increase profits.
The domestic policy top-level design, the reform of the railroad system is expected to accelerate, and the marketization of competitive links is expected to enhance the profit-making ability of railroad operation companies.
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