China Railway Group (HK:0390) has released an update.
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China Railway Group Limited reported a decline in its financial performance for the third quarter ending September 2024, with revenue dropping by 6.22% compared to the same period last year and net profit attributable to shareholders decreasing by 19.05%. Despite the challenges, the company saw a 16.33% increase in total assets, indicating potential for future growth. However, the net cash generated from operating activities was negative, highlighting ongoing financial challenges.
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