Guangshen Railway Company (525) H2 2024 earnings summary

Executive summary

• Operating revenue reached RMB27.09 billion in 2024, up 3.42% year-over-year; net profit attributable to shareholders was RMB1.06 billion, up 0.18% year-over-year; basic EPS was RMB0.15.

• Passenger delivery volume rose 16.51% to 69.1 million, while freight volume declined 12.05% to 14.1 million tonnes.

• The Board proposed a final cash dividend of RMB0.07 per share, totaling RMB495.85 million, subject to AGM approval.

Financial highlights

• Operating revenue: RMB27.09 billion (+3.42% YoY); operating cost: RMB25.38 billion (+3.38% YoY).

• Operating profit: RMB1.47 billion (+0.33% YoY); net profit attributable to shareholders: RMB1.06 billion (+0.18% YoY).

• Net cash flows from operating activities: RMB2.71 billion (+142.78% YoY).

• Total assets: RMB36.57 billion; net assets attributable to shareholders: RMB27.11 billion.

• Basic/diluted EPS: RMB0.1497; weighted average ROE: 3.96%.

Outlook and guidance

• The company targets 71.3 million passenger deliveries and 14.8 million tonnes of outbound freight in 2025.

• Focus areas include corporate governance, production safety, expanding passenger/freight supply, and operational efficiency.

• The company will adapt to macroeconomic and policy changes, emphasizing risk management and market-oriented reforms.