Daqin Railway (601006) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached ¥57.06 billion, up 3.34% year-over-year, while net profit attributable to shareholders fell 27.66% to ¥6.22 billion.

• Third quarter net profit attributable to shareholders dropped 23.01% year-over-year to ¥2.11 billion.

• The company initiated a share buyback program with a budget of ¥1–1.5 billion, aiming to cancel repurchased shares and reduce registered capital.

Financial highlights

• Operating income for Q3 was ¥19.77 billion, up 6.26% year-over-year.

• Total assets at quarter-end were ¥211.92 billion, up 2.37% from the previous year-end.

• Basic EPS for Q3 was ¥0.10, down 33.33% year-over-year; for the first nine months, basic EPS was ¥0.31, down 38%.

• Net cash from operating activities for the first nine months was ¥3.59 billion, down 21.42% year-over-year.

Outlook and guidance

• The company plans to continue the share buyback within 12 months, depending on market conditions.