China Railway Group Ltd. (601390.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1054.1B	1093.5B	1160.3B	1263.5B	1154.4B
Cost of Revenue	953.7B	988.8B	1044.0B	1134.6B	1038.5B
Gross Profit	101.0B	104.7B	116.3B	128.8B	115.8B
Operating Expenses
R&D Expense	23.5B	22.4B	26.6B	30.0B	27.7B
SG&A Expense	(3.7B)	—	—	—	—
General & Admin Expense	13.6B	21.9B	24.1B	27.4B	25.1B
Selling & Marketing Expense	4.3B	6.4B	6.9B	6.8B	6.3B
Other Expenses	7.6B	—	—	—	—
Total Operating Expenses	61.5B	65.8B	70.5B	75.9B	69.1B
Cost and Expenses	1019.2B	1054.6B	1114.5B	1210.6B	1107.7B
Operating Income (EBIT)	30.8B	33.1B	38.5B	46.3B	43.0B
Non-Operating
Interest Income	4.3B	942.7M	1.2B	942.5M	668.1M
Interest Expense	7.3B	660.4M	532.2M	618.4M	247.9M
Net Interest Income	(3.2B)	—	—	—	—
Other Non-Op Income/Expense	(106.0M)	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	30.5B	33.5B	38.9B	46.1B	42.6B
Income Tax Expense	7.4B	7.2B	8.1B	8.4B	7.6B
Bottom Line
Net Income	19.7B	22.9B	27.9B	33.5B	31.3B
Earnings from Cont. Ops	23.1B	26.3B	30.8B	37.6B	35.0B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	23.2B	22.9B	27.9B	33.5B	31.3B
Per Share
Basic EPS	CN¥0.72	CN¥0.85	CN¥1.09	CN¥1.29	CN¥1.20
Diluted EPS	CN¥0.89	CN¥0.85	CN¥1.08	CN¥1.29	CN¥1.20
Revenue Per Share	CN¥35.09	CN¥40.51	CN¥45.14	CN¥48.83	CN¥44.22
Shares
Basic Shares Outstanding	30.0B	27.0B	25.7B	25.9B	26.1B
Diluted Shares Outstanding	24.6B	27.0B	25.7B	25.9B	26.1B
Profitability Metrics
EBITDA	16.7B	48.2B	51.4B	58.5B	53.8B
D&A	—	15.1B	12.9B	12.2B	10.8B
EBIT	16.7B	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026