Weak Statutory Earnings May Not Tell The Whole Story For Daqin Railway (SHSE:601006)

Simply Wall StNov 5 17:40 ET

Daqin Railway Report for the Third Quarter of 2024

SZSIOct 29 12:00 ET · Announcements

Daqin Railway (601006.SH): The net income for the first three quarters was 8.603 billion yuan, a decrease of 22.57% year-on-year.

Daqin Railway (601006.SH) announced on October 29th that it achieved revenue of 55.214 billion yuan, a year-on-year decrease of 9.18%, and a net income attributable to the parent company of 8.603 billion yuan, a year-on-year decrease of 22.57% in the first three quarters. In the third quarter, revenue reached 18.608 billion yuan, a decrease of 8.59% year-on-year, and net income was 2.74 billion yuan, a decrease of 23.34% year-on-year. The decrease in revenue and net income is mainly due to a reduction in transportation revenue received in cash in the current period and a decrease in net income.

Gelonghui FinanceOct 29 09:37 ET

Express News | Daqin Railway Says Q3 Net Profit Down 23.3% Y/Y

ReutersOct 29 05:57 ET

Why It Might Not Make Sense To Buy Daqin Railway Co., Ltd. (SHSE:601006) For Its Upcoming Dividend

Simply Wall StOct 21 18:08 ET

daqin railway (601006.SH) declared a half-yearly dividend of 0.12924 yuan per share with a record date of October 23.

daqin railway (601006.SH) issued an announcement that the company will implement the 2024 interim equity distribution, with a dividend per share...

Zhitong FinanceOct 16 05:37 ET