Gronghui, April 30 | Sinotrans (0598.HK) once plummeted by more than 13% to HK$3.6 during the intraday period, a record low since March 22; as of the half-day closing, it fell 11.33% to HK$3.68; A-shares closed down 8.96% to HK$5.69 in half a day. According to the news, the company announced results for the first quarter of 2024 last night, showing that according to Chinese accounting standards, it achieved operating income of 24.287 billion people, an increase of 8.1% over the previous year; net profit attributable to shareholders was 803 million yuan, a year-on-year decrease of 16.1%. CICC claims that Sinotrans's Q1 performance fell short of expectations, phased pressure on Q1 profits, pressure on contract logistics, and declining subsidies for some agency businesses as the main reasons.