China Railway Signal & Communication Corp Ltd Class H (HK:3969)
:3969
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China Railway Signal & Communication
(3969)
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Rating:63Neutral
Price Target:
HK$4.00
â–²(19.40% 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 leverage and a large equity base provide durable financial flexibility to fund multi-year rail projects, absorb cyclical slowdowns and reduce refinancing risk. This conservatism supports long-term project bidding ability and capital allocation stability over months.
Negative Factors
Volatile cash generation
Material swings in operating and free cash flow—TTM free cash flow roughly half of net income—reflect working-capital and project timing risks. This undermines confidence in sustained internal funding for capex, dividends or large bids, constraining strategic flexibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low-to-moderate leverage and a large equity base provide durable financial flexibility to fund multi-year rail projects, absorb cyclical slowdowns and reduce refinancing risk. This conservatism supports long-term project bidding ability and capital allocation stability over months.
Read all positive factors
China Railway Signal & Communication (3969) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$55.43B
Dividend Yield5.51%
Average Volume (3M)6.07M
Price to Earnings (P/E)15.6
Beta (1Y)0.69
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 Ratio2.96
Price to Book (P/B)0.68
Price to Sales (P/S)0.95
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 Target
HK$4.50Price Target Upside34.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.37
Revenue Forecast (FY)HK$36.35B
China Railway Signal & Communication Business Overview & Revenue Model
Company Description
China Railway Signal & Communication Corporation Limited, together with its subsidiaries, provides rail transportation control system solutions in China and internationally. It operates through three segments: Rail Transportation Control System, G...
How the Company Makes Money
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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 | 33.78B | 32.47B | 37.00B | 40.20B | 38.36B |
| Gross Profit | 9.81B | 9.18B | 9.49B | 9.53B | 9.52B | 8.51B |
| EBITDA | 4.57B | 4.96B | 5.04B | 5.04B | 5.15B | 5.05B |
| Net Income | 3.62B | 3.59B | 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
3.60
Negative
3.57
Negative
3.53
Negative
Market Momentum
-0.02
Positive
40.81
Neutral
49.46
Neutral
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 below the 20-day moving average (MA) of 3.61, below the 50-day MA of 3.60, and below the 200-day MA of 3.53, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.81 is Neutral, neither overbought nor oversold. The STOCH value of 49.46 is Neutral, 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$23.26B | 6.03 | 5.43% | 3.48% | ― | ― | |
66 Neutral | HK$208.78B | 7.34 | 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$55.43B | 15.59 | 7.66% | 5.51% | 6.65% | 7.10% | |
63 Neutral | HK$73.45B | 17.07 | 9.76% | 4.07% | 16.42% | 14.43% | |
62 Neutral | HK$1.20B | 4.05 | 2.34% | 3.48% | 10.26% | 12.24% | |
53 Neutral | HK$2.20B | 26.62 | 7.07% | 0.87% | 7.50% | 2.55% |
* Industrials Sector Average
HK:3969
China Railway Signal & Communication
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Zhuzhou CRRC Times Electric Co
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-0.88
-61.54%
China Railway Signal & Communication Corporate Events
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...
China Railway Signal & Communication Wins Five Key Rail Transit Contracts
Mar 25, 2026
China Railway Signal Communication Corporation Limited announced that between January and February 2026 it secured five significant contracts across China’s rail transit sector, four in the railway market and one in urban rail. The wins und...
China Railway Signal & Communication Updates Board Committee Roles
Mar 24, 2026
China Railway Signal Communication Corporation Limited announced the current composition of its board of directors, comprising two executive directors, one non-executive employee director, and three independent non-executive directors, along with...
China Railway Signal & Communication Posts 2025 Results and Proposes Dividend Despite Ongoing Losses
Mar 24, 2026
China Railway Signal Communication has released its audited annual results for the year ended 31 December 2025, fulfilling Hong Kong listing disclosure requirements, and will publish its full 2025 annual report on both the HKExnews and company we...
China Railway Signal & Communication Proposes Final 2025 Dividend Payout
Mar 24, 2026
China Railway Signal Communication Corporation Limited has proposed a final ordinary cash dividend of RMB 1.7 per 10 shares for the financial year ended 31 December 2025, with payment scheduled for 31 August 2026, subject to shareholder approval....
CRSC Shareholders Approve New Executive Director at 2026 Extraordinary Meeting
Mar 24, 2026
China Railway Signal Communication held its second extraordinary general meeting of 2026 in Beijing, combining on-site and online voting in compliance with PRC company law and its Articles of Association. All directors attended, and shareholders ...
China Railway Signal & Communication Sets March 2026 Board Meeting on 2025 Results and Dividend
Mar 12, 2026
China Railway Signal Communication Corporation Limited has scheduled a board meeting for 24 March 2026 in Beijing to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025 and to au...
China Railway Signal & Communication Calls March EGM to Elect New Executive Director
Feb 27, 2026
China Railway Signal Communication has called its second extraordinary general meeting of 2026 for 24 March in Beijing, inviting shareholders to vote on the proposed election of Mr. Dong Baoliang as an executive director. The meeting arrangements...
China Railway Signal & Communication Posts Modest Profit and Revenue Growth in 2025 Preliminary Results
Feb 27, 2026
China Railway Signal Communication reported unaudited preliminary financial data for 2025 indicating modest growth in scale and profitability versus the prior year. Total revenue rose 6.23% year on year to RMB 34.68 billion, while net profit attr...
CRSC Calls 2026 Extraordinary Meeting to Elect New Executive Director
Feb 27, 2026
China Railway Signal Communication Corporation Limited has called a second extraordinary general meeting for 2026 to vote on the proposed election of an executive director. The meeting will be held in person on 24 March 2026 in Beijing, with H sh...
China Railway Signal & Communication Nominates Dong Baoliang as Executive Director
Feb 26, 2026
China Railway Signal Communication has nominated Dong Baoliang as an executive director, with his appointment subject to shareholder approval at an upcoming general meeting. Upon confirmation, he will sit on the board’s Strategy and Investm...
China Railway Signal & Communication Shareholders Approve New Fundraising Project
Feb 12, 2026
China Railway Signal Communication held its first extraordinary general meeting of 2026 in Beijing, combining on-site and online voting in compliance with PRC company law and its articles of association. All board directors attended, and sharehol...
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.