Canggang Railway Limited logo

Canggang Railway Limited

2169.HK

HKSEIndustrialsRailroads

Latest quote

HK$0.48

−HK$0.005 · -1.03%

Aug 24, 3:03 PM HKTData delayed

2169.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Canggang Railway Limited manages and operates freight rail lines and associated yards within Hebei Province. The company facilitates rail cargo transport via its Canggang Railway Line, which is crucial for moving various goods, predominantly coal, but also petroleum, diverse ores, and other commodities such as PVC, asphalt, gravel, bauxite, and chemicals, connecting Cangzhou with Port Huanghua. Beyond rail, the firm extends its offerings to include loading, unloading, and road freight services. Its portfolio further encompasses construction, upkeep, and repair for railway infrastructure, specifically managing and maintaining special service lines, railway roadbeds, and other related facilities. Complementing these, Canggang Railway delivers a suite of supplementary services, including vehicle reception, freight brokering, anti-freezing and anti-scattering treatments for coal, coal filtering, and general logistics agency support. Established in 2009, the firm maintains its headquarters in Cangzhou, China.

Industry
Railroads
Sector
Industrials
Headquarters
CN
CEO
Weiming Yi
Listed since
Oct 23, 2020
Employees
627

Market position

Day range

Current HK$0.48

52-week range

Current HK$0.48

Open
HK$0.48
Previous close
HK$0.485
Volume
166K
0.16× average
Average volume
1.06M
Average daily volume
Market cap
1.89B HKD
Beta
-0.11
Market reference 1
50-day average
HK$0.4996
-3.92% below average
200-day average
HK$0.6097
-21.27% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.26B CNY
P/E (TTM)
27.43×
P/B (TTM)
1.94×
P/S (TTM)
5.83×
EV / EBITDA
31.46×
Earnings yield
2.04%
Free cash flow yield
-1.73%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
46.40%
Operating margin
37.40%
Net margin
20.81%
Return on equity
7.11%
Return on assets
3.94%
Return on invested capital
5.64%

Financial health

Debt / equity
0.65×
Current ratio
1.07×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends53%40%27%14%Gross margin, FY2021: 38.59%Gross margin, FY2022: 34.25%Gross margin, FY2023: 49.43%Gross margin, FY2024: 46.83%Gross margin, FY2025: 46.40%Operating margin, FY2021: 35.98%Operating margin, FY2022: 34.91%Operating margin, FY2023: 31.38%Operating margin, FY2024: 41.03%Operating margin, FY2025: 37.40%Net margin, FY2021: 21.74%Net margin, FY2022: 20.42%Net margin, FY2023: 16.90%Net margin, FY2024: 21.81%Net margin, FY2025: 20.81%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 38.59%. Gross margin FY2022 34.25%. Gross margin FY2023 49.43%. Gross margin FY2024 46.83%. Gross margin FY2025 46.40%. Operating margin FY2021 35.98%. Operating margin FY2022 34.91%. Operating margin FY2023 31.38%. Operating margin FY2024 41.03%. Operating margin FY2025 37.40%. Net margin FY2021 21.74%. Net margin FY2022 20.42%. Net margin FY2023 16.90%. Net margin FY2024 21.81%. Net margin FY2025 20.81%.

Income trends

Revenue

278.16M CNY+7.43%

Operating income

104.03M CNY-2.09%

Net income

57.88M CNY+2.52%
Income trends across reported periods385.94M CNY266.13M CNY146.32M CNY26.51M CNYRevenue, FY2021: 355.99M CNYRevenue, FY2022: 333.43M CNYRevenue, FY2023: 349.05M CNYRevenue, FY2024: 258.93M CNYRevenue, FY2025: 278.16M CNYOperating income, FY2021: 128.08M CNYOperating income, FY2022: 116.38M CNYOperating income, FY2023: 109.55M CNYOperating income, FY2024: 106.25M CNYOperating income, FY2025: 104.03M CNYNet income, FY2021: 77.39M CNYNet income, FY2022: 68.08M CNYNet income, FY2023: 58.98M CNYNet income, FY2024: 56.46M CNYNet income, FY2025: 57.88M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 355.99M CNY. Revenue FY2022 333.43M CNY. Revenue FY2023 349.05M CNY. Revenue FY2024 258.93M CNY. Revenue FY2025 278.16M CNY. Operating income FY2021 128.08M CNY. Operating income FY2022 116.38M CNY. Operating income FY2023 109.55M CNY. Operating income FY2024 106.25M CNY. Operating income FY2025 104.03M CNY. Net income FY2021 77.39M CNY. Net income FY2022 68.08M CNY. Net income FY2023 58.98M CNY. Net income FY2024 56.46M CNY. Net income FY2025 57.88M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue278.16M CNY258.93M CNY349.05M CNY333.43M CNY355.99M CNY
Cost of goods sold149.09M CNY137.66M CNY176.52M CNY219.22M CNY218.63M CNY
Gross profit129.07M CNY121.27M CNY172.53M CNY114.21M CNY137.37M CNY
Selling, general, and administrative12.85M CNY9.89M CNY11.5M CNY11.7M CNY13.05M CNY
Operating expenses25.04M CNY15.02M CNY62.99M CNY35.89M CNY46.02M CNY
Interest income755K CNY2.02M CNY3.79M CNY2.67M CNY2.13M CNY
Interest expense28.61M CNY29.59M CNY24.87M CNY24.41M CNY23.26M CNY
Depreciation and amortization29.35M CNY33.65M CNY38.24M CNY38.06M CNY36.74M CNY
Operating income104.03M CNY106.25M CNY109.55M CNY116.38M CNY128.08M CNY
Net income57.88M CNY56.46M CNY58.98M CNY68.08M CNY77.39M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.050.040.020.01Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 29, 2022: actual 0.008, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 23, 2023: actual 0.012, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 0.009, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 0.008, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 0.007, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 0.008, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 0.008, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 0.008, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates210.16M181.32M152.47M123.62MQ3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 29, 2022: actual 182.62M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 23, 2023: actual 202.08M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 192.78M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 189.02M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 141.81M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 134.98M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 131.7M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 162.93M HKD, estimate —, surprise —, Comparison unavailable.

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