China Railway Group's stock plummeted 5.24% during intraday trading on Thursday, reflecting significant investor concern about the company's recent financial performance.

The sharp decline followed the release of the company's first-quarter earnings report, which showed revenue of approximately RMB 234.998 billion, down 5.46% year-over-year. More concerning was the net profit attributable to shareholders, which fell 27.65% to RMB 4.359 billion, with basic earnings per share declining 27.76% to RMB 0.177.

The most alarming figure was the dramatic contraction in new contract signings, which plunged 39.6% year-over-year to RMB 338.51 billion. Domestic business orders dropped 38.2%, while overseas orders contracted by 50.1%, signaling elevated near-term operational pressure and raising market concerns about the company's revenue visibility going forward.