According to the Zhitong Finance APP, shenzhenexpress (00548) fell more than 9% after the performance announcement, as of the time of publication, dropped by 9.23% to 7.08 Hong Kong dollars, with a turnover of 9.8868 million Hong Kong dollars.

On the news front, shenzhenexpress released its 2024 interim report, achieving revenue of 3.757 billion yuan (RMB, the same below), a decrease of 8.92% year-on-year, mainly due to a decrease in toll revenue, construction service revenue under franchise arrangements, and engineering entrusted construction management service revenue; net income attributable to shareholders of the parent company was 0.774 billion yuan, down 16.72% year-on-year, mainly due to changes in the fair value of equity interests of investee companies held and increased provision for impairment losses of assets. No interim dividend is declared.