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Guangshen Railway's H1 Profit Jumps 35%; Operating Income Up 4%; Shares Drop 5%
Zhitong's Hong Kong stocks early know | The Fed's interest rate cut trade adds another heavyweight signal. Meituan-W (03690) first half year income increased by 22.87% year-on-year
Currently, the market expects that the Federal Reserve will definitely cut interest rates in September, and even the possibility of a significant 50 basis point rate cut cannot be ruled out.
Guangzhou-Shenzhen Railway 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Guangzhou-Shenzhen Railway
Guangshen Rail (00525.HK): the net income in the first half of the year reached 0.912 billion yuan, a year-on-year increase of 34.65%.
Guangshen Rail (00525.HK) announced that in the first half of 2024, the company's revenue was RMB 12.925 billion, a 4.40% increase from RMB 12.381 billion in the same period last year; the cost of goods sold was RMB 11.548 billion, a 1.52% increase from RMB 11.375 billion in the same period last year; operating profit was RMB 1.272 billion, a 36.35% increase from RMB 0.933 billion in the same period last year; net income attributable to the company's shareholders was RMB 0.912 billion, compared to RMB 6 billion in the same period last year.
Guangshen Railway Releases 2024 Interim Results
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