Changes in Hong Kong stocks | China Railway Construction (01186) fell nearly 5% in early trading, and the fee rate dragged down performance, and net profit fell 84% month-on-month in the third quarter

The Zhitong Finance App learned that China Railway Construction (01186) fell nearly 5% in early trading. As of press release, it decreased by 4.27% to HK$4.04, with a turnover of HK$32.588 million.

According to the news, China Railway Construction announced that revenue for the first three quarters was 639.447 billion yuan, down 12.21% year on year; net profit to mother was 9.348 billion yuan, down 36.88% year on year. In the third quarter, the company's revenue was 211.09 billion yuan, down 11.79% year on year; net profit to mother was 658 million yuan, down 83.98% year on year and 84% month on month.

Huatai Securities pointed out that China Railway Construction achieved revenue of 211.09 billion yuan and net profit of 658 million yuan in the third quarter, lower than our expectations. Mainly due to exchange losses and increased interest-bearing liabilities, financial expenses increased more than expected. We believe that the company focuses on high-quality development and is expected to take the lead in absorbing pressure in the future. A/H all maintain a “buy” rating.