Daqin Railway (601006) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 5.74% YoY to ¥18.64bn; profit before tax declined 29.99% and parent-attributable net income fell 25.59%.

• 9M revenue rose 2.06% YoY to ¥58.24bn, while parent-attributable net income decreased 6.42% to ¥5.82bn.

Financial highlights

• 9M operating income was ¥8.48bn, down from ¥9.32bn YoY; profit before tax was ¥8.44bn, down 8.89%.

• 9M net income was ¥6.52bn versus ¥6.94bn YoY; parent-attributable net income was ¥5.82bn versus ¥6.22bn.

• 9M investment income increased to ¥2.37bn from ¥2.17bn, principally from associates and joint ventures.

• 9M operating costs rose to ¥52.22bn from ¥49.99bn; operating costs included ¥51.69bn of operating expenses.

Key financial ratios and metrics

• Basic and diluted EPS were ¥0.08 in Q3, down 20.00% YoY; 9M EPS was ¥0.29, down 6.45%.

• 9M weighted average ROE was 3.53%, down 0.29 percentage points YoY; Q3 ROE was 0.95%, down 0.33 points.

• Total assets were ¥215.47bn at Sept. 30, up 1.72% from year-end; parent equity was ¥164.56bn, up 0.17%.