On June 10, China Railway Group (00390.HK) fell 3.09% in regular trading, trading at HKD 3.46/share, with trading volume of HKD 34.12 million, extending its recent consecutive downtrend.

On the news front, the infrastructure state-owned enterprise sector has been collectively weakening, with six major infrastructure leaders posting losses across the board for multiple consecutive sessions. On fundamentals, the company reported Q1 net profit attributable to shareholders of RMB 4.359 billion, down 27.65% year-over-year, with the profit decline significantly exceeding the revenue decline. Gross margin compression and increased asset impairment losses were the primary drags. On the capital flow side, net institutional outflows exceeded RMB 440 million over the past five trading days, accelerating the bearish trend, with technical indicators triggering medium-term sell signals. Despite cumulative share buybacks of 135.73 million shares, the company has been unable to effectively reverse prevailing market pessimism.

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