China Railway Group Limited logo

China Railway Group Limited

0390.HK

HKSEIndustrialsEngineering & Construction

Latest quote

HK$3.38

+HK$0.005 · +0.15%

Aug 24, 11:03 AM HKT

0390.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Railway Group Limited, along with its various subsidiaries, operates as a comprehensive construction and engineering enterprise throughout mainland China, Hong Kong, and Macau. The company's diverse operations are organized into several key divisions. Its primary Infrastructure Construction segment undertakes the development of a broad spectrum of projects, including rail networks, highways, bridges, tunnels, urban rapid transit systems, buildings, irrigation works, hydroelectric power plants, port facilities, airports, and various municipal public works. The Survey, Design, and Consulting Services unit provides expert services ranging from initial surveys, architectural and engineering design, and professional consultation to research and development, feasibility studies, and compliance certification for infrastructure ventures. Through its Engineering Equipment and Component Manufacturing division, the company focuses on designing, innovating, producing, and distributing railway turnouts, bridge steel structures, other rail-related equipment, heavy engineering machinery, and construction materials. Additionally, the Property Development arm is actively involved in the creation, sale, and management of both residential and commercial real estate. The Other Businesses segment encompasses supplementary activities such as mining, financial services, the operation of service concession agreements, merchandise trading, and other auxiliary ventures. China Railway Group Limited was founded in 1950 and maintains its corporate headquarters in Beijing, China.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
CN
CEO
Wenjian Chen
Listed since
Dec 7, 2007
Employees
289,250

Market position

Day range

Current HK$3.38

52-week range

Current HK$3.38

Open
HK$3.375
Previous close
HK$3.375
Volume
22.44M
0.79× average
Average volume
28.57M
Average daily volume
Market cap
119.38B HKD
Beta
0.38
Market reference 1
50-day average
HK$3.47
-2.59% below average
200-day average
HK$3.9323
-14.04% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
359.55B CNY
P/E (TTM)
5.58×
P/B (TTM)
0.33×
P/S (TTM)
0.1×
EV / EBITDA
5.4×
Earnings yield
24.65%
Free cash flow yield
-33.94%
Dividend yield
3.86%

Profitability & efficiency

Gross margin
9.42%
Operating margin
3.92%
Net margin
1.97%
Return on equity
6.17%
Return on assets
0.93%
Return on invested capital
3.30%

Financial health

Debt / equity
2.28×
Current ratio
0.96×
Altman Z-score
0.63
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends11%8%5%1%Gross margin, FY2021: 10.21%Gross margin, FY2022: 10.01%Gross margin, FY2023: 10.29%Gross margin, FY2024: 10.03%Gross margin, FY2025: 9.58%Operating margin, FY2021: 5.36%Operating margin, FY2022: 5.43%Operating margin, FY2023: 3.66%Operating margin, FY2024: 3.31%Operating margin, FY2025: 4.51%Net margin, FY2021: 2.57%Net margin, FY2022: 2.71%Net margin, FY2023: 2.65%Net margin, FY2024: 2.40%Net margin, FY2025: 2.09%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.21%. Gross margin FY2022 10.01%. Gross margin FY2023 10.29%. Gross margin FY2024 10.03%. Gross margin FY2025 9.58%. Operating margin FY2021 5.36%. Operating margin FY2022 5.43%. Operating margin FY2023 3.66%. Operating margin FY2024 3.31%. Operating margin FY2025 4.51%. Net margin FY2021 2.57%. Net margin FY2022 2.71%. Net margin FY2023 2.65%. Net margin FY2024 2.40%. Net margin FY2025 2.09%.

Income trends

Revenue

1.09T CNY-5.76%

Operating income

49.37B CNY+28.39%

Net income

22.89B CNY-17.91%
Income trends across reported periods1.39T CNY891.3B CNY395.07B CNY−101.17B CNYRevenue, FY2021: 1.07T CNYRevenue, FY2022: 1.15T CNYRevenue, FY2023: 1.26T CNYRevenue, FY2024: 1.16T CNYRevenue, FY2025: 1.09T CNYOperating income, FY2021: 57.56B CNYOperating income, FY2022: 62.66B CNYOperating income, FY2023: 46.28B CNYOperating income, FY2024: 38.45B CNYOperating income, FY2025: 49.37B CNYNet income, FY2021: 27.62B CNYNet income, FY2022: 31.27B CNYNet income, FY2023: 33.48B CNYNet income, FY2024: 27.89B CNYNet income, FY2025: 22.89B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.07T CNY. Revenue FY2022 1.15T CNY. Revenue FY2023 1.26T CNY. Revenue FY2024 1.16T CNY. Revenue FY2025 1.09T CNY. Operating income FY2021 57.56B CNY. Operating income FY2022 62.66B CNY. Operating income FY2023 46.28B CNY. Operating income FY2024 38.45B CNY. Operating income FY2025 49.37B CNY. Net income FY2021 27.62B CNY. Net income FY2022 31.27B CNY. Net income FY2023 33.48B CNY. Net income FY2024 27.89B CNY. Net income FY2025 22.89B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.09T CNY1.16T CNY1.26T CNY1.15T CNY1.07T CNY
Cost of goods sold988.77B CNY1.04T CNY1.13T CNY1.04T CNY963.7B CNY
Gross profit104.72B CNY116.34B CNY129.98B CNY115.57B CNY109.57B CNY
Research and development22.44B CNY26.63B CNY30B CNY27.74B CNY24.76B CNY
Selling, general, and administrative7.23B CNY8.66B CNY9.7B CNY31.39B CNY11.18B CNY
Operating expenses55.35B CNY77.89B CNY83.7B CNY64.32B CNY59.56B CNY
Interest income6.41B CNY7.87B CNY8.71B CNY7.18B CNY5.04B CNY
Interest expense13.08B CNY14.12B CNY12.51B CNY9.37B CNY7.39B CNY
Depreciation and amortization19.98B CNY15.14B CNY12.68B CNY10.69B CNY10.16B CNY
Operating income49.37B CNY38.45B CNY46.28B CNY62.66B CNY57.56B CNY
Net income22.89B CNY27.89B CNY33.48B CNY31.27B CNY27.62B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
14%
1 beat, 6 misses, 0 met estimates
Average EPS surprise
-8.08%
7 comparable reports
Latest EPS result
0.2
Estimate 0.24 · Miss by 14.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.590.450.310.17Q4 '24MissQ4 '24No estimateQ2 '25No estimateQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 0.288, estimate 0.546, surprise -47.31%, Miss. Q4 2024, reported Dec 31, 2024: actual 0.316, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual 0.267, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 0.263, estimate 0.273, surprise -3.84%, Miss. Q4 2025, reported Oct 30, 2025: actual 0.251, estimate 0.415, surprise -39.41%, Miss. Q1 2026, reported Mar 30, 2026: actual 0.223, estimate 0.465, surprise -52.11%, Miss. Q2 2026, reported Apr 29, 2026: actual 0.205, estimate 0.24, surprise -14.55%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.24, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates586.9B464.63B342.36B220.09BQ4 '24No estimateQ4 '24No estimateQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 305.15B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 361.72B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual 266.01B HKD, estimate 306.17B HKD, surprise -13.12%, Miss. Q3 2025, reported Aug 29, 2025: actual 561.6B HKD, estimate 296.52B HKD, surprise +89.39%, Beat. Q4 2025, reported Oct 30, 2025: actual 288.03B HKD, estimate 360.16B HKD, surprise -20.03%, Miss. Q1 2026, reported Mar 30, 2026: actual 353.15B HKD, estimate 373.82B HKD, surprise -5.53%, Miss. Q2 2026, reported Apr 29, 2026: actual 268.36B HKD, estimate 281.55B HKD, surprise -4.68%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 245.39B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.2847

2025 complete year+31.4% since 2021

2026 partial: HK$0.0989

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 22, 2026

HK$0.0989

Semi-Annual

Record Jul 23, 2026 · Payment Aug 13, 2026

Dividend

Ex-dividend Dec 1, 2025

HK$0.0899

Semi-Annual

Record Dec 2, 2025 · Payment Dec 23, 2025

Dividend

Ex-dividend Jul 9, 2025

HK$0.1948

Annual

Record Jul 10, 2025 · Payment Jul 31, 2025

Dividend

Ex-dividend Jul 17, 2024

HK$0.2301

Annual

Record Jul 18, 2024 · Payment Aug 8, 2024

Dividend

Ex-dividend Jul 19, 2023

HK$0.2176

Annual

Record Jul 20, 2023 · Payment Aug 10, 2023

Dividend

Ex-dividend Jul 20, 2022

HK$0.2296

Annual

Record Jul 21, 2022 · Payment Aug 9, 2022

0390.HK peers

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