CHINA RAILWAY (00390) dropped over 4% in afternoon trading, declining 4.36% to HK$3.95 by press time with a turnover of HK$178 million. The company reported financial results showing a 5.39% year-on-year decrease in total operating revenue to RMB776.059 billion for the first three quarters of 2025. Net profit attributable to shareholders fell 14.97% to RMB17.49 billion.
In Q3 alone, revenue stood at RMB262.72 billion (down 4.53%) while net profit reached RMB5.664 billion (down 9.98%). Huatai Securities noted that new contract orders turned positive since Q2, with Q3 revenue and profit declines narrowing. The brokerage expects operational improvements as policy-driven financial tools and special bond issuances accelerate project execution, maintaining "Buy" ratings for both A and H shares.