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China Railway Signal & Communication
(3969)
China Railway Signal & Communication (3969) vs. iShares MSCI Hong Kong ETF (EWH)
China Railway Signal & Communication Business Overview & Revenue Model
China Railway Signal & Communication Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.43B | 32.47B | 37.00B | 40.20B | 38.36B | 40.12B |
| Gross Profit | 9.43B | 9.49B | 9.53B | 9.52B | 8.51B | 8.86B |
| EBITDA | 4.32B | 5.04B | 5.04B | 5.15B | 5.05B | 5.68B |
| Net Income | 3.42B | 3.49B | 3.48B | 3.63B | 3.27B | 3.82B |
Balance Sheet | ||||||
| Total Assets | 115.66B | 117.89B | 118.99B | 116.81B | 108.94B | 105.33B |
| Cash, Cash Equivalents and Short-Term Investments | 20.08B | 22.58B | 22.57B | 22.22B | 22.98B | 22.74B |
| Total Debt | 13.31B | 5.48B | 7.32B | 7.14B | 3.59B | 2.74B |
| Total Liabilities | 67.23B | 67.46B | 70.12B | 69.53B | 63.57B | 61.03B |
| Stockholders Equity | 46.08B | 48.03B | 46.81B | 45.32B | 43.55B | 42.56B |
Cash Flow | ||||||
| Free Cash Flow | -2.62B | 4.38B | 1.38B | 1.37B | 1.90B | 1.26B |
| Operating Cash Flow | -1.99B | 5.24B | 2.06B | 2.08B | 2.77B | 3.01B |
| Investing Cash Flow | 399.15M | -586.69M | -1.82B | -150.94M | -1.26B | -137.25M |
| Financing Cash Flow | 1.83B | -4.26B | -1.46B | -2.42B | -2.07B | -2.47B |
China Railway Signal & Communication Technical Analysis
China Railway Signal & Communication Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$215.05B | 12.42 | 9.59% | 4.35% | -0.99% | 80.58% | |
76 Outperform | HK$76.68B | 13.99 | 9.42% | 4.07% | 14.48% | 12.74% | |
68 Neutral | HK$1.38B | 9.48 | 2.21% | 3.48% | -3.37% | -17.55% | |
67 Neutral | HK$5.55B | 20.51 | 1.61% | 7.48% | 2.87% | -35.74% | |
65 Neutral | HK$60.50B | 10.71 | 7.39% | 5.51% | 0.19% | 4.36% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$23.03B | 16.16 | 4.61% | 3.48% | ― | ― |
China Railway Signal & Communication Corporate Events
China Railway Signal & Communication Corporation Limited announced that it secured 21 major rail transit contracts in November and December 2025 across both railway and urban rail markets, underlining its strong competitive position in core signaling and systems engineering segments. The wins include eight key railway projects—such as large-scale signaling, train control and “three/four electric systems” works on lines including Guangzhou East–Xintang, Baicheng–Arxan, Shanghai–Suzhou–Wuxi–Changzhou, Hepu–Zhanjiang and Chengdu–Dazhou–Wanzhou—as well as advanced maintenance contracts with regional railway groups. In the urban rail transit market, the company captured 13 significant projects, notably signaling and systems integration for multiple Shanghai and Beijing metro lines, the Chengdu–Meishan regional railway, regional rail lines in the Yangtze River Delta, upgrade projects for Changchun and Beijing subway infrastructure, multi-line communication and signaling maintenance in Shanghai, and an electromechanical installation contract for the Riyadh KAFD monorail system in Saudi Arabia. These contracts, involving aggregate tender amounts in the multi‑billion renminbi range, are expected to reinforce the company’s order backlog, support revenue visibility, and further entrench its role as a key systems supplier in both domestic and selected overseas rail transit markets.
The most recent analyst rating on (HK:3969) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited has approved the addition of a new A-share fundraising project, reallocating part of the proceeds from its 2019 A-share offering to establish a Rail Transit Signal System Pilot Testing Base Project in Changsha, Hunan. The project, with a planned investment of RMB85.97 million to be fully funded from existing raised proceeds, aims to enhance the company’s testing and verification capabilities for rail transit signal systems, while only modestly altering the original use of funds, as it represents about 0.83% of the net A-share proceeds; the remaining fundraising balance will continue to be reserved for future projects in a dedicated proceeds management account.
The most recent analyst rating on (HK:3969) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited has called its first extraordinary general meeting of 2026 for 10:00 a.m. on 12 February 2026 in Beijing, where shareholders will be asked to consider and vote on a proposal to add a new fundraising project to the company’s plans. The meeting notice sets out arrangements for H-shareholders’ eligibility, proxy appointments and registration procedures, underscoring that investors who wish to participate or vote—either in person or via proxy—must complete transfer and proxy formalities by specified deadlines, signalling a potential step toward fresh capital-raising that could support the company’s future investment and operational needs.
The most recent analyst rating on (HK:3969) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited has renewed its framework agreements with controlling shareholder CRSC Corporation Group for purchases, sales and construction contracting for a further three years from 2026 to 2028, ensuring continuity of existing connected transactions beyond the expiry of the current 2023–2025 arrangements. Under Hong Kong listing rules, these transactions are classified as continuing connected transactions due to CRSC Corporation Group’s 62.78% stake, and while the purchase caps trigger reporting, annual review and announcement obligations, they remain below the threshold requiring independent shareholder approval, allowing the company to maintain key intra-group supply and contracting relationships with limited additional compliance burden.
The most recent analyst rating on (HK:3969) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited announced the winning of ten significant projects in the rail transit market, with five projects in the railway sector and five in the urban rail transit sector. These projects, awarded in September and October 2025, include major developments such as the Sichuan-Tibet Railway and Shanghai Rail Transit Line upgrades, with a total tender amount in the billions of RMB. This achievement underscores the company’s strong market position and its continued expansion in both domestic and international markets, potentially enhancing its operational capabilities and stakeholder value.
The most recent analyst rating on (HK:3969) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited held its first extraordinary general meeting of 2025, where significant resolutions were passed, including the abolishment of the Supervisory Committee and amendments to the Articles of Association. The meeting saw substantial shareholder participation, with over 71% of voting shares represented. The resolutions were overwhelmingly approved, indicating strong shareholder support for the company’s strategic changes, which may impact its governance structure and operational focus.
The most recent analyst rating on (HK:3969) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited has established an Audit and Risk Management Committee to enhance its corporate governance structure. This committee is tasked with overseeing the company’s audit processes, risk management strategies, and financial disclosures, aiming to safeguard the interests of the company and its shareholders. The committee is composed of non-executive directors, primarily independent, with expertise in accounting and business, ensuring informed decision-making and compliance with relevant regulations.
The most recent analyst rating on (HK:3969) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited has announced its 2025 first extraordinary general meeting scheduled for November 21, 2025, in Beijing. The meeting will address several key resolutions, including the abolishment of the Supervisory Committee, changes to fundraising projects, and amendments to various corporate governance documents. These resolutions are expected to impact the company’s operational strategies and governance framework, potentially influencing its market positioning and stakeholder relations.
The most recent analyst rating on (HK:3969) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
China Railway Signal & Communication Corporation Limited has announced the closure of its register of members in preparation for its first extraordinary general meeting (EGM) scheduled for November 21, 2025. The closure will occur from November 18 to November 21, 2025, during which no transfer of H shares will be processed. Shareholders listed as of November 17, 2025, will be eligible to attend and vote at the EGM, with further details to be published in due course.
The most recent analyst rating on (HK:3969) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.