GUANGSHEN RAIL (00525) announced its 2025 interim results, reporting operating revenue of 13.969 billion yuan (RMB, same unit below), representing an 8.08% year-on-year increase. Net profit attributable to shareholders reached 1.109 billion yuan, up 21.55% compared to the same period last year. Basic earnings per share stood at 0.1565 yuan.

The company explained that the main reason for the decrease in passenger volume alongside growth in passenger revenue was due to several factors. During the reporting period, the opening of new high-speed rail lines such as Meilong Railway and Guangshan Railway led to adjustments in railway operation schedules and high-speed rail diversions. This resulted in a reduction in cross-line EMU trains and regular long-distance trains operated by the company from Guangzhou East to Chaoshan (Meizhou West). The occupancy rates of existing Guangzhou (East) to Shenzhen intercity trains, Guangzhou East to Chaoshan (Meizhou West) cross-line EMU trains, and regular long-distance trains also declined. Consequently, both passenger volume and revenue from Guangshen intercity trains and regular long-distance trains decreased.

However, the company proactively adapted to changing market demands by actively organizing additional direct trains from Guangzhou East to Hong Kong West Kowloon and Beijing-Guangzhou-Guangshen-Hong Kong cross-line EMU trains. This brought significant growth in revenue from direct trains and long-distance cross-line EMU services, resulting in overall passenger revenue growth despite the challenges.