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China Railway Signal & Communication 9-Mos Net CNY2.36B Vs. Net CNY2.57B >3969.HK
Third Quarter Report 2024
Pressure on rail transit business, China Railway Signal & Communication Corporation's revenue and net profit both declined in the first three quarters, speeding up the layout of low-altitude economy.
①Yao Guiqing stated that although national policies are tightening, the construction of urban rail transit systems has temporarily slowed down in some regions due to factors such as local debt risks, but there are sufficient existing projects under construction and in planning nationwide to support industry development; ②Regarding the industrialization of low-altitude economy, Yao Guiqing mentioned that the company has already obtained the "Civil Unmanned Aerial Vehicle Operation Certificate", and it is expected that low-altitude economy-related operations will have a positive impact on the company's performance.
CHINA CRSC: 2024 THIRD QUARTERLY REPORT
Express News | China Railway Signal & Communication Q3 Net Profit up 2.3% Y/Y
China Railway Signal & Communication Corporation (03969.HK) encountered a shareholding reduction of 1.799 million shares by Ningquan Assets.
According to the latest equity disclosure data from the Stock Exchange, on October 16, 2024, China Railway Signal & Communication Corporation (03969.HK) was shareholding by Shanghai Ningquan Asset Management Co., Ltd. in the exchange at an average price of HK$3.40 per share for 1.799 million shares, involving approximately HK$6.1166 million. After the shareholding, the latest number of shares held by Shanghai Ningquan Asset Management Co., Ltd. is 214,960,000 shares, and the shareholding ratio has decreased from 11.01% to 10.92%.
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