Zhejiang Expressway's stock price plummeted 5.03% during Monday's intraday trading session, following the release of weaker first-quarter financial results.

The decline comes after the company reported profit attributable to owners of 1.31 billion yuan for the first quarter, down from 1.48 billion yuan a year earlier. Earnings per share also fell to 0.2183 yuan from 0.2468 yuan in the prior-year period, despite revenue increasing to 5.32 billion yuan from 4.36 billion yuan.