China Railway Group Class H ( (CRWOF) ) has released its Q4 earnings. Here is a breakdown of the information China Railway Group Class H presented to its investors.
China Railway Group Limited, a leading multi-functional integrated construction group, operates in the engineering construction, design consulting, and equipment manufacturing sectors, offering a full range of construction and industrial products and services. The company recently released its 2024 earnings report, highlighting a challenging year with a decline in revenue and profits across several segments. Despite a decrease in revenue by 8.2% to RMB 1,160,311 million and a drop in profit for the year by 18.3% to RMB 30,758 million, the company maintained a strong asset base with total assets increasing by 23.3% to RMB 2,256,266 million. The report also noted a reduction in earnings per share by 16.2% to RMB 1.085. Looking ahead, China Railway Group is focused on enhancing efficiency and value creation, with plans to accelerate technological innovation and infrastructure development, aiming to achieve the goals of the ’14th Five-Year Plan’ and lay the groundwork for the ’15th Five-Year Plan’.