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China Railway Signal & Communication
(3969)
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Rating:63Neutral
Price Target:
HK$3.50
â–²(4.48% Upside)
Action:Reiterated
Date:05/01/26
The score is supported most by attractive valuation (low P/E and high dividend yield). This is tempered by mid-range financial performance due to volatile revenue and notably inconsistent cash flow generation, while technical indicators are broadly neutral with no strong momentum signal.
Positive Factors
Conservative balance sheet
Low-to-moderate debt and a large equity base materially reduce financial risk and preserve capital flexibility. This durability supports bidding on multi-year rail projects, funds working capital needs during contract cycles, and increases resilience through infrastructure spending cycles.
Negative Factors
Choppy revenue trajectory
Repeated year-to-year revenue swings undermine visibility into backlog and future billing for multi-year projects. Persistent top-line volatility complicates capacity planning, reduces predictability of margins over time, and makes long-term revenue forecasting and investment decisions harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low-to-moderate debt and a large equity base materially reduce financial risk and preserve capital flexibility. This durability supports bidding on multi-year rail projects, funds working capital needs during contract cycles, and increases resilience through infrastructure spending cycles.
Read all positive factors
China Railway Signal & Communication (3969) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$53.73B
Dividend Yield5.51%
Average Volume (3M)6.07M
Price to Earnings (P/E)14.0
Beta (1Y)0.66
Revenue Growth6.65%
EPS Growth7.10%
CountryHK
Employees19,002
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.34
Shares Outstanding1,968,801,000
10 Day Avg. Volume6,854,553
30 Day Avg. Volume6,066,753
Financial Highlights & Ratios
PEG Ratio2.90
Price to Book (P/B)0.68
Price to Sales (P/S)0.93
P/FCF Ratio-18.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.37
Revenue Forecast (FY)HK$36.35B
China Railway Signal & Communication Business Overview & Revenue Model
Company Description
Operating both domestically in China and across international markets, China Railway Signal & Communication Corporation Limited, through its various subsidiaries, specializes in providing advanced control system solutions for rail transportation. ...
How the Company Makes Money
null...
China Railway Signal & Communication Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.16B | 34.55B | 32.47B | 37.00B | 40.20B | 38.36B |
| Gross Profit | 9.81B | 9.98B | 9.49B | 9.53B | 9.52B | 8.51B |
| EBITDA | 4.78B | 4.96B | 5.04B | 5.04B | 5.15B | 5.05B |
| Net Income | 3.62B | 3.69B | 3.49B | 3.48B | 3.63B | 3.27B |
Balance Sheet | ||||||
| Total Assets | 116.43B | 118.42B | 117.89B | 118.99B | 116.81B | 108.94B |
| Cash, Cash Equivalents and Short-Term Investments | 20.85B | 22.40B | 22.58B | 22.57B | 22.22B | 22.98B |
| Total Debt | 12.97B | 12.42B | 5.48B | 7.32B | 7.14B | 3.59B |
| Total Liabilities | 66.00B | 68.23B | 67.46B | 70.12B | 69.53B | 63.57B |
| Stockholders Equity | 47.72B | 47.36B | 48.03B | 46.81B | 45.32B | 43.55B |
Cash Flow | ||||||
| Free Cash Flow | 662.38M | -1.75B | 4.38B | 1.38B | 1.37B | 1.90B |
| Operating Cash Flow | 1.44B | -996.11M | 5.24B | 2.06B | 2.08B | 2.77B |
| Investing Cash Flow | -2.97B | -2.32B | -586.69M | -1.82B | -150.94M | -1.26B |
| Financing Cash Flow | 30.94M | 2.10B | -4.26B | -1.46B | -2.42B | -2.07B |
China Railway Signal & Communication Technical Analysis
Negative
3.35
Price Trends
3.47
Negative
3.54
Negative
3.52
Negative
Market Momentum
-0.06
Positive
29.31
Positive
18.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3969, the sentiment is Negative. The current price of 3.35 is above the 20-day moving average (MA) of 3.34, below the 50-day MA of 3.47, and below the 200-day MA of 3.52, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 29.31 is Positive, neither overbought nor oversold. The STOCH value of 18.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3969.
China Railway Signal & Communication Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$20.90B | 12.67 | 5.43% | 3.48% | ― | ― | |
70 Neutral | HK$88.13B | 11.55 | 9.76% | 4.07% | 16.42% | 14.43% | |
66 Neutral | HK$189.86B | 12.92 | 6.97% | 4.35% | -7.58% | -6.97% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$53.73B | 14.05 | 7.66% | 5.51% | 6.65% | 7.10% | |
62 Neutral | HK$1.08B | 6.49 | 2.34% | 3.48% | 10.26% | 12.24% | |
53 Neutral | HK$2.04B | 29.40 | 7.07% | 0.87% | 7.50% | 2.55% |
* Industrials Sector Average
HK:3969
China Railway Signal & Communication
3.20
-0.03
-0.93%
HK:1786
CRCC High-Tech Equipment
0.71
-0.17
-19.32%
HK:0525
Guangshen Railway Company
2.05
0.27
15.10%
HK:0066
MTR
30.50
3.50
12.94%
HK:3898
Zhuzhou CRRC Times Electric Co
40.06
10.56
35.80%
HK:2169
Canggang Railway Limited
0.51
-1.10
-68.32%
China Railway Signal & Communication Corporate Events
China Railway Signal & Communication Shareholders Back All 2025 AGM Resolutions
Jun 29, 2026
China Railway Signal Communication reported the results of its 2025 annual general meeting held in Beijing on 29 June 2026, confirming that all ordinary resolutions were duly passed. Shareholder participation was strong, with approximately 66.97%...
China Railway Signal & Communication Sets 2025 Final Dividend and Clarifies Tax Treatment
Jun 9, 2026
China Railway Signal Communication Corporation Limited has updated details of its proposed final dividend for the year ended 31 December 2025, confirming a payout of RMB 1.7 per 10 shares, subject to shareholder approval on 29 June 2026. The comp...
China Railway Signal & Communication Sets 2025 AGM to Approve Reports, Profit Plan and Remuneration
Jun 8, 2026
China Railway Signal Communication Corporation Limited has convened its 2025 annual general meeting for 29 June 2026 in Beijing, where shareholders will review the board’s work report, the 2025 annual report, final accounts and the proposed...
China Railway Signal & Communication Wins Five Major Rail Transit Contracts in China
May 26, 2026
China Railway Signal Communication has secured five significant contracts in China’s rail transit sector between March and April 2026, spanning both mainline railway and urban metro systems. The wins include a RMB132 million signal equipmen...
China Railway Signal & Communication Publishes Unaudited Q1 2026 Report
Apr 29, 2026
China Railway Signal Communication Corporation Limited has released unaudited financial information for the first quarter of 2026, covering the period from 1 January to 31 March 2026 and prepared under China Accounting Standards for Business Ente...
China Railway Signal & Communication Sets Board Meeting to Review Q1 2026 Results
Apr 15, 2026
China Railway Signal Communication has scheduled a board meeting for 29 April 2026 to review and approve the first-quarter results for the period ending 31 March 2026, along with their planned release. The timing signals the company is proceeding...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.