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China Railway Group
(0390)
China Railway Group (0390) vs. iShares MSCI Hong Kong ETF (EWH)
China Railway Group Business Overview & Revenue Model
China Railway Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.13T | 1.16T | 1.26T | 1.15T | 1.07T | 974.75B |
| Gross Profit | 111.99B | 116.34B | 129.98B | 115.57B | 109.57B | 99.17B |
| EBITDA | 49.38B | 48.64B | 53.56B | 73.34B | 67.71B | 38.70B |
| Net Income | 25.44B | 27.89B | 33.48B | 31.27B | 27.62B | 25.19B |
Balance Sheet | ||||||
| Total Assets | 2.38T | 2.26T | 1.83T | 1.61T | 1.36T | 1.20T |
| Cash, Cash Equivalents and Short-Term Investments | 204.78B | 262.09B | 243.39B | 248.76B | 186.07B | 179.83B |
| Total Debt | 526.72B | 467.10B | 380.07B | 390.36B | 295.58B | 241.29B |
| Total Liabilities | 1.86T | 1.75T | 1.37T | 1.19T | 1.00T | 886.93B |
| Stockholders Equity | 366.75B | 354.71B | 332.53B | 301.23B | 275.27B | 255.34B |
Cash Flow | ||||||
| Free Cash Flow | -33.29B | -29.95B | -20.08B | -18.76B | -42.90B | -12.30B |
| Operating Cash Flow | -79.63B | 28.05B | 38.36B | 43.55B | 13.07B | 30.99B |
| Investing Cash Flow | -73.30B | -82.29B | -74.64B | -84.39B | -77.46B | -63.14B |
| Financing Cash Flow | 58.56B | 57.39B | 27.13B | 96.36B | 67.37B | 40.20B |
China Railway Group Technical Analysis
China Railway Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$150.17B | 4.33 | 7.41% | 7.43% | -7.46% | -21.80% | |
70 Outperform | HK$32.69B | 11.98 | 8.27% | 5.31% | 11.89% | 8.49% | |
67 Neutral | HK$49.55B | 5.04 | 13.70% | 6.69% | -5.14% | -4.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$70.43B | 5.59 | 7.78% | 3.90% | 11.49% | -7.01% | |
44 Neutral | HK$68.12B | 9.15 | 3.80% | 3.21% | -18.36% | -47.29% | |
44 Neutral | HK$18.73B | 83.54 | 3.35% | ― | -1.75% | ― |
China Railway Group Corporate Events
China Railway Group Limited reported major operating data for the fourth quarter and full year 2025, highlighting a total value of new contracts of RMB 1.166 trillion in the fourth quarter and RMB 2.751 trillion for the year, representing a modest 1.3% year-on-year increase. Engineering construction remained the core business, with RMB 785.37 billion in new contracts in the fourth quarter and RMB 1.85054 trillion for the year, though this segment saw a slight 1.1% decline from the prior year. The company recorded mixed performance across other segments, with asset operation and emerging businesses posting robust year-on-year growth of 15.8% and 11.0% respectively in new contract value, while finance and merchandise trading, equipment manufacturing, featured property and resource utilization experienced varying degrees of contraction. The data suggest a strategic shift toward higher-growth areas such as asset operation and emerging businesses, partially offsetting softness in traditional activities, and indicate that the group maintained overall growth in its order book despite pressure in several legacy segments.
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.
China Railway Group Limited has called its first extraordinary general meeting of 2026 for 6 February in Beijing, where shareholders will vote on the election of Zhao Dianlong as an executive director for the remainder of the sixth board’s term. The meeting arrangements, including share register closure dates and attendance procedures for both domestic and H-share holders, underscore standard governance practices as the company refreshes its leadership, a move that could influence strategic direction and oversight at one of China’s largest infrastructure builders.
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.
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.
China Railway Group Limited has appointed veteran railway engineer Zhao Dianlong as president, effective 9 January 2026, for the remainder of the current board’s term, while also nominating him as an executive director subject to shareholder approval at a forthcoming general meeting. Zhao, who holds senior roles within China Railway Engineering Group and has extensive leadership experience across several major state-owned construction entities, will further consolidate management continuity at the group, with his eventual board-level role and remuneration to be finalized following shareholder endorsement, underscoring ongoing alignment of corporate governance with regulatory and party oversight requirements.
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.
China Railway Group Limited has provided an update on its ongoing A-share repurchase programme, which was approved at its 2024 annual general meeting and relevant class meetings and is being implemented between 20 June 2025 and 19 June 2026 via centralized competitive bidding. The company plans to spend between RMB800 million and RMB1.6 billion of self-owned funds and special loans to buy back RMB ordinary shares at no more than RMB8.50 per share for the purpose of reducing registered capital, and as of the latest disclosure has repurchased 28,812,000 shares, representing 0.1167% of its total share capital, at prices between RMB5.42 and RMB5.75 per share for an aggregate consideration of about RMB160 million, signaling active capital management that could enhance per-share metrics and potentially support shareholder value.
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.
China Railway Group has confirmed that the conditions for the second unlocking period of the reserved grant under its 2021 Restricted Share Incentive Scheme have been met, following board approval at the 17th meeting of the sixth session held on 31 December 2025. The second unlocking period, which began on 1 December 2025, applies to one-third of the restricted shares granted under the reserved portion of the scheme, after the expiry of 36 months from the completion of registration on 30 November 2022, and will run until the last trading day of the 48‑month period, paving the way for eligible participants to have a further tranche of their incentive shares unlocked and tradable.
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.
China Railway Group Limited announced an adjustment to its total profit distribution amount for the interim period of 2025. The company will maintain a cash dividend of RMB0.82 per 10 shares, but the total distribution amount will be slightly reduced due to the repurchase and cancellation of certain shares. This adjustment reflects the company’s commitment to maintaining its per-share distribution ratio while adapting to changes in its share capital.
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.
China Railway Group Limited has announced progress in its share repurchase plan, initially disclosed on April 30, 2025. The company plans to repurchase RMB ordinary shares (A shares) through centralized competitive bidding, with an estimated repurchase amount between RMB800 million and RMB1.6 billion. The purpose of this repurchase is to reduce registered capital, and the company has already repurchased 10,501,500 shares, representing 0.0425% of its total share capital. This strategic move is expected to enhance shareholder value and optimize the company’s capital structure.
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.
China Railway Group Limited has completed the repurchase and cancellation of 54,723,290 restricted shares under its 2021 Restricted Share Incentive Scheme. This move affects 677 participants and represents 0.22% of the company’s total share capital, reducing the total number of shares from 24,741,008,919 to 24,686,285,629. The repurchase and cancellation are part of the company’s efforts to manage its shareholding structure effectively, although 63,700 shares remain frozen and will be addressed once unfrozen.
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.
China Railway Group Limited has announced the repurchase and cancellation of certain restricted shares under its 2021 Restricted Share Incentive Scheme. This decision was made following the company’s failure to meet the performance evaluation indicators set for the third unlocking period in 2024. The company will repurchase and cancel a total of 54,786,990 restricted shares held by 678 participants who did not meet the unlocking conditions, impacting the company’s operations and potentially affecting stakeholders.
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.
China Railway Group Limited has announced an interim cash dividend of RMB 0.082 per share for the financial year ending December 31, 2025, with the dividend to be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.0962. The announcement includes details on withholding tax rates applicable to different categories of shareholders, with a 10% rate for non-resident enterprises and individuals, and a 20% rate for resident individuals within the PRC. This dividend declaration reflects the company’s financial health and commitment to providing returns to its shareholders, potentially impacting investor sentiment and market positioning.
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.
China Railway Group Limited has announced details regarding the payment of its 2025 interim dividend, set at RMB0.082 per share, to be distributed in Hong Kong dollars at an exchange rate determined by the People’s Bank of China. The company will withhold a 10% enterprise income tax for non-resident enterprise shareholders, in compliance with Chinese tax laws, impacting the net dividend received by these shareholders.
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.
China Railway Group Limited announced progress on its share repurchase plan, initially disclosed on April 30, 2025. The company plans to repurchase RMB ordinary shares (A shares) through centralized competitive bidding, with an estimated repurchase amount between RMB800 million and RMB1.6 billion. The purpose of the repurchase is to reduce registered capital, and as of the announcement, 6,998,600 shares have been repurchased, representing 0.0283% of the total share capital, at a cumulative cost of RMB39,999,328. This move is expected to impact the company’s capital structure and potentially enhance shareholder value.
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.
China Railway Group Limited has announced an update to its 2025 Interim Dividend Plan, declaring an ordinary interim dividend of RMB 0.082 per share for the financial year ending December 31, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, although specific details such as the exchange rate, ex-dividend date, and payment date are yet to be disclosed.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.
China Railway Group Limited has announced its interim dividend plan for 2025, declaring a dividend of RMB 0.082 per share for the financial year ending December 31, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may influence its market positioning by showcasing financial stability and shareholder confidence.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.
China Railway Group Limited announced its unaudited financial results for the third quarter ending September 30, 2025, revealing a decline in revenue and profits compared to the previous year. The company’s revenue decreased by 4.53% to RMB 262.72 billion, while net profit attributable to shareholders fell by 9.98% to RMB 5.66 billion. The financial results indicate challenges in the operating environment, impacting the company’s profitability and cash flow, with significant decreases in net cash generated from operating activities.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.
China Railway Group Limited has announced its 2025 Interim Dividend Plan, which includes a cash dividend of RMB 0.082 per share. The plan, approved by the company’s 2024 annual general meeting, reflects the company’s commitment to providing reasonable returns to shareholders while supporting its long-term development. The total share capital as of October 30, 2025, was over 24 billion shares, with adjustments to the total distribution amount to be made if necessary. This announcement underscores China Railway’s strategic focus on balancing shareholder returns with sustainable growth, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.