机构：中金公司 研究员：Wenjie ZHANG/Qibin FENG/Xin YANG 1H25 results beat our expectations Yuexiu Transport Infrastructure announced its 1H25 results: Revenue rose 14.9% YoY to Rmb2.10bn. Attributable net profit rose 14.9% YoY to Rmb361mn, beating our expectations due to higher-than-expected toll revenue growth and a notable decline in financial expenses. In 1H25, the firm paid an interim dividend of HK$0.12/sh (about Rmb0.1091), flat with 1H24, implying a dividend payout ratio of 50.6% (vs. HK$0.12/sh and 58.5% in 1H ...