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Shenzhen Expressway net profit in the first quarter 4.Familyarcadenearme.71 billion yuan REIT issue to enhance investment capacity Securities Times websiteFamilyarcadenearmeOn April 27th, Shenzhen Expressway (600548) announced its operating results for the first quarter of 2024. During the reporting period, Shenzhen Expressway realized business income of about 2.038 billion yuan, an increase of 7.06% over the same period last year.

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Shenzhen high-speed first-quarter net profit of 471 million yuan REIT issued to enhance investment capacity Securities Times News, April 27th, Shenzhen high-speed (600548) announced the first quarter of 2024 operating results. During the reporting period, Shenzhen Expressway realized operating income of about 2.038 billion yuan, an increase of 7.06 percent over the same period last year, and realized net profit of about 471 million yuan, an increase of 6.42 percent over the same period last year, and earnings per share of 0.195 yuan. In the first quarter of 2024, there was relatively rare large-scale rain and snow in the central region. The Shenzhen Expressway is located in Yichang Expressway and Changsha Ring Road in Hunan Province, and the third Bridge in Nanjing, Jiangsu Province. Qinglian Expressway, which is an important provincial passageway from Guangdong to Hunan, has been affected to a certain extent; in addition, the toll-free period for expressway minibuses has been increased by two days during the Spring Festival travel season this year, which has also reduced the toll income of various road sections. According to statistics, the toll revenue of Shenzhen Expressway decreased by about 2% in the first quarter compared with the same period last year. In terms of large environmental protection business, the group handled 332000 tons of organic waste during the reporting period, with an operating income of about 154 million yuan. When wind power generation completed 359000 megawatts of electricity, it realized wind power business income of 129 million yuan. During the reporting period, Shenzhen Expressway completed the issuance of REIT of Yi Fang Da Shen Expressway, raising a total of 2.0475 billion yuan, deducting the proportion of Shenzhen Expressway as the original owner, and net raising 1.207 billion yuan. The fund was listed on the Shanghai Stock Exchange on March 29th, 2024. This issue has not only effectively invigorated the group's existing assets, recovered investment and cashed in income in advance, but also further improved the efficiency of asset turnover and enhanced the ability of rolling investment. Shenzhen Expressway said that while adhering to the dual-main business strategy, the company will further focus on key development areas, optimize the allocation of resources, improve the efficiency of the use of funds, and create long-term and stable returns for shareholders and investors. (Wen Sui) proofreading: Liao Shengchao