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China Railway Group ( (HK:0390) ) has shared an update.
China Railway Group has announced the repurchase and cancellation of 63,700 restricted shares from one participant under its 2021 Restricted Share Incentive Scheme after company-level performance targets for the third unlocking period in 2024 were not met. The firm’s 2024 weighted average return on net assets, compound net profit growth and economic value added all fell short of preset thresholds, triggering mandatory clawback provisions in the incentive plan; after this repurchase and cancellation, the company will have no restricted shares remaining under the scheme, underscoring weaker-than-targeted profitability and highlighting tighter performance discipline for management and employee incentives.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.
More about China Railway Group
China Railway Group is a major Chinese state-owned enterprise in the infrastructure and construction sector, focusing on railway, highway and urban transit engineering, as well as related design, manufacturing and engineering services for large-scale transportation and civil projects in domestic and overseas markets.
Average Trading Volume: 21,058,848
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$144.7B
See more insights into 0390 stock on TipRanks’ Stock Analysis page.