Understanding the Market | GUANGSHEN RAIL shares rose over 8% again, with a cumulative increase of over 30% after earnings, driven by high growth in performance from the Hong Kong high-speed rail

GUANGSHEN RAIL's stock price rose over 8% again, with a cumulative increase of over 30% after the earnings report. As of the time of writing, the stock price is HKD 2.58, with a trading volume of HKD 61.1232 million. The company's operating revenue in the first half of the year was RMB 13.969 billion, a year-on-year increase of 8.08%; net profit was RMB 1.109 billion, a year-on-year increase of 21.55%. Huatai Securities pointed out that the growth in profit was mainly driven by the increase in unit price of freight network clearing services and the demand for connectivity in the Greater Bay Area. The company plans to open multiple high-speed rail lines in the future to further drive performance growth