China Railway (00390) announced interim results. Profit attributable to shareholders of 8.655 billion yuan decreased by 26.8% year-on-year

According to the Zhitong Finance App, China Railway (00390) announced its 2026 interim results. The group achieved total revenue of 473.107 billion yuan during the period, a year-on-year decrease of 7.7%; profit attributable to company owners was 8.655 billion yuan, a year-on-year decrease of 26.8%; and basic profit per share was 0.32 yuan.

In the first half of the year, we achieved a new contract amount of 1005.68 billion yuan, revenue of 473.107 billion yuan, profit before income tax of 13.548 billion yuan, an increase of 16.13 percentage points year-on-year, a year-on-year increase of 16.13 percentage points, a decrease of 0.7 percentage points from the beginning of the year, and a decrease of 70.715 billion yuan in trade payables and notes payable compared to the beginning of the year. In an environment where industry demand is shrinking and competition is intensifying, it has stabilized the basic development market and shown strong resilience. Pay close attention to project implementation management, implement upgraded management of difficult projects, strengthen the overall allocation of resources, and make every effort to guarantee the progress of project construction. Deeply carry out special clean-up operations, strengthen cash flow control, speed up the clearance of inefficient and ineffective assets, promote an effective reduction in the balance ratio, and ensure the safety of the capital chain.