China Railway Signal & Communication Corporation Limited logo

China Railway Signal & Communication Corporation Limited

3969.HK

HKSEIndustrialsRailroads

Latest quote

HK$3.19

−HK$0.02 · -0.62%

Aug 24, 4:08 PM HKT

3969.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Industry
Railroads
Sector
Industrials
Headquarters
CN

Market position

52-week range

Current HK$3.19

Open
HK$3.19
Previous close
HK$3.21
Volume
3.12M
Market cap
56.83B HKD
50-day average
HK$3.2586
-2.11% below average
200-day average
HK$3.4686
-8.03% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
22.23B CNY
EV / EBITDA
4.49×
Earnings yield
11.45%
Free cash flow yield
-5.42%

Profitability & efficiency

Return on equity
7.78%
Return on assets
3.11%
Return on invested capital
659.02%

Financial health

Current ratio
1.56×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1534%979%425%-130%Gross margin, FY2021: 22.19%Gross margin, FY2022: 23.69%Gross margin, FY2023: 25.75%Gross margin, FY2024: 29.22%Gross margin, FY2025: 28.88%Operating margin, FY2021: 11.07%Operating margin, FY2022: 11.70%Operating margin, FY2023: 12.60%Operating margin, FY2024: 14.44%Operating margin, FY2025: 1395.34%Net margin, FY2021: 8.54%Net margin, FY2022: 9.04%Net margin, FY2023: 9.40%Net margin, FY2024: 10.76%Net margin, FY2025: 10.67%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.19%. Gross margin FY2022 23.69%. Gross margin FY2023 25.75%. Gross margin FY2024 29.22%. Gross margin FY2025 28.88%. Operating margin FY2021 11.07%. Operating margin FY2022 11.70%. Operating margin FY2023 12.60%. Operating margin FY2024 14.44%. Operating margin FY2025 1395.34%. Net margin FY2021 8.54%. Net margin FY2022 9.04%. Net margin FY2023 9.40%. Net margin FY2024 10.76%. Net margin FY2025 10.67%.

Income trends

Revenue

34.55B CNY+6.40%

Operating income

482.13B CNY+10185.45%

Net income

3.69B CNY+5.48%
Income trends across reported periods530.01B CNY338.47B CNY146.93B CNY−44.61B CNYRevenue, FY2021: 38.36B CNYRevenue, FY2022: 40.2B CNYRevenue, FY2023: 37B CNYRevenue, FY2024: 32.47B CNYRevenue, FY2025: 34.55B CNYOperating income, FY2021: 4.24B CNYOperating income, FY2022: 4.7B CNYOperating income, FY2023: 4.66B CNYOperating income, FY2024: 4.69B CNYOperating income, FY2025: 482.13B CNYNet income, FY2021: 3.27B CNYNet income, FY2022: 3.63B CNYNet income, FY2023: 3.48B CNYNet income, FY2024: 3.49B CNYNet income, FY2025: 3.69B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 38.36B CNY. Revenue FY2022 40.2B CNY. Revenue FY2023 37B CNY. Revenue FY2024 32.47B CNY. Revenue FY2025 34.55B CNY. Operating income FY2021 4.24B CNY. Operating income FY2022 4.7B CNY. Operating income FY2023 4.66B CNY. Operating income FY2024 4.69B CNY. Operating income FY2025 482.13B CNY. Net income FY2021 3.27B CNY. Net income FY2022 3.63B CNY. Net income FY2023 3.48B CNY. Net income FY2024 3.49B CNY. Net income FY2025 3.69B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue34.55B CNY32.47B CNY37B CNY40.2B CNY38.36B CNY
Cost of goods sold24.57B CNY22.99B CNY27.47B CNY30.68B CNY29.85B CNY
Gross profit9.98B CNY9.49B CNY9.53B CNY9.52B CNY8.51B CNY
Research and development2.01B CNY1.91B CNY1.86B CNY1.69B CNY1.64B CNY
Selling, general, and administrative572.41M CNY622.12M CNY618.13M CNY1.38B CNY1.32B CNY
Operating expenses−472.15B CNY4.8B CNY4.82B CNY4.82B CNY4.27B CNY
Interest income164.48M CNY488.79M CNY518.99M CNY435.21M CNY493.58M CNY
Interest expense112.15M CNY52.85M CNY130.89M CNY111M CNY94.34M CNY
Depreciation and amortization744.18M CNY258.65M CNY273.13M CNY293.63M CNY683.15M CNY
Operating income482.13B CNY4.69B CNY4.66B CNY4.7B CNY4.24B CNY
Net income3.69B CNY3.49B CNY3.48B CNY3.63B CNY3.27B CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.180.140.090.05Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Aug 28, 2024: actual 0.097, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 25, 2024: actual 0.078, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 27, 2025: actual 0.105, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual 0.054, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 0.11, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 0.077, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 28, 2026: actual 0.145, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 29, 2026: actual 0.057, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates14.82B12.1B9.37B6.65BQ4 '24No estimateQ1 '25No estimateQ2 '25MissQ3 '25No estimateQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 25, 2024: actual 7.27B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 27, 2025: actual 12.41B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual 7.22B HKD, estimate 8.72B HKD, surprise -17.24%, Miss. Q3 2025, reported Aug 27, 2025: actual 8.76B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 7.74B HKD, estimate 7.77B HKD, surprise -0.34%, Miss. Q1 2026, reported Feb 28, 2026: actual 14.25B HKD, estimate 14.07B HKD, surprise +1.29%, Beat. Q2 2026, reported Apr 29, 2026: actual 7.38B HKD, estimate 7.33B HKD, surprise +0.73%, Beat. Q3 2026, reported Aug 24, 2026: actual —, estimate 7.39B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.1861

2025 complete year-23.3% since 2021

2026 partial: HK$0.1955

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 16, 2026

HK$0.1955

Annual

Record Jul 17, 2026 · Payment Jul 31, 2026

Dividend

Ex-dividend Jun 26, 2025

HK$0.1861

Annual

Record Jun 27, 2025 · Payment Jul 25, 2025

Dividend

Ex-dividend Jun 18, 2024

HK$0.1867

Annual

Record Jun 19, 2024 · Payment Jul 26, 2024

Dividend

Ex-dividend Jun 14, 2023

HK$0.1872

Annual

Record Jun 15, 2023 · Payment Jul 20, 2023

Dividend

Ex-dividend Jun 15, 2022

HK$0.1997

Annual

Record Jun 16, 2022 · Payment Jul 15, 2022

Dividend

Ex-dividend Jun 16, 2021

HK$0.2428

Annual

Record Jun 17, 2021 · Payment Jul 15, 2021

3969.HK peers

ETFs holding 3969.HK

Funds reporting this stock among their holdings, ordered by reported position size.

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