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China Railway Group (0390) AI Stock Analysis
China Railway Group
(HKEX:0390)
The score is held down primarily by weakening financial performance—especially negative free cash flow and rising leverage—alongside bearish technical signals (trading below key moving averages with negative momentum). A low P/E and high dividend yield provide some offset, but do not fully compensate for cash-flow and balance-sheet risk.
China Railway Group (0390) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 14.28B
- Dividend Yield
- 8.48%
- Average Volume (3M)
- 20.49M
- Price to Earnings (P/E)
- 6.0
- Beta (1Y)
- 0.67
- Revenue Growth
- -3.54%
- EPS Growth
- -19.21%
- Country
- Hong Kong
- Employees
- 289,250
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
China Railway Group Business Overview & Revenue Model
Company Description
China Railway Group Limited, along with its various subsidiaries, operates as a comprehensive construction and engineering enterprise throughout mainland China, Hong Kong, and Macau. The company's diverse operations are organized into several key div...
How the Company Makes Money
China Railway Group primarily makes money by contracting and delivering infrastructure and construction projects for customers (typically government entities, state-owned companies, and other project owners). Revenue is recognized from engineering an...
China Railway Group Financial Statement Overview
Summary
Financial quality is weakening: TTM revenue declined (-1.9%), margins are thin (gross ~9.5%, net ~1.7%), leverage increased materially (debt/equity ~2.35x vs ~1.40x prior year), and cash conversion is the major issue with deeply negative TTM free cash flow (~-51.7B) despite positive operating cash flow (~18.1B).
Income Statement
48NeutralBalance Sheet
44NeutralCash Flow
28Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.03T | 1.09T | 1.16T | 1.26T | 1.15T | 1.07T |
| Gross Profit | 99.23B | 104.72B | 116.34B | 129.98B | 115.57B | 109.57B |
| EBITDA | 61.03B | 66.60B | 48.64B | 54.06B | 73.34B | 67.71B |
| Net Income | 17.83B | 22.89B | 27.89B | 33.48B | 31.27B | 27.62B |
Balance Sheet | ||||||
| Total Assets | 2.49T | 2.47T | 2.26T | 1.83T | 1.61T | 1.36T |
| Cash, Cash Equivalents and Short-Term Investments | 203.59B | 266.30B | 262.09B | 243.39B | 248.76B | 186.07B |
| Total Debt | 600.59B | 520.19B | 467.10B | 380.07B | 390.36B | 295.58B |
| Total Liabilities | 1.93T | 1.93T | 1.75T | 1.37T | 1.19T | 1.00T |
| Stockholders Equity | 372.16B | 371.06B | 354.71B | 332.53B | 301.23B | 275.27B |
Cash Flow | ||||||
| Free Cash Flow | -51.72B | -31.51B | -29.95B | -20.08B | -18.76B | -42.90B |
| Operating Cash Flow | 18.10B | 28.77B | 28.05B | 38.36B | 43.55B | 13.07B |
| Investing Cash Flow | -56.15B | -45.26B | -82.29B | -74.64B | -84.39B | -77.46B |
| Financing Cash Flow | 52.02B | 28.68B | 57.39B | 27.13B | 96.36B | 67.37B |
China Railway Group Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0390, the sentiment is Negative. The current price of 3.09 is below the 20-day moving average (MA) of 3.18, below the 50-day MA of 3.23, and below the 200-day MA of 3.63, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.74 is Neutral, neither overbought nor oversold. The STOCH value of 16.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0390.
China Railway Group Peers Comparison
Overall Rating
HK:331174Outperform
HK:180050Neutral
HK:118646Neutral
HK:039046Neutral
HK:399643Neutral
HK:161842Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 74Outperform | HKD 45.85B | 5.36 | 10.83% | 7.08% | -14.20% | -12.79% | |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| 50Neutral | HKD 100.39B | 9.10 | 3.68% | 6.58% | -5.33% | -38.33% | |
| 46Neutral | HKD 91.20B | 5.15 | 3.91% | 8.17% | -5.08% | -40.13% | |
| 46Neutral | HKD 115.05B | 6.00 | 5.32% | 8.48% | -3.54% | -19.21% | |
| 43Neutral | HKD 104.28B | 18.17 | 4.43% | 3.81% | -0.79% | -32.91% | |
| 42Neutral | HKD 55.37B | 96.09 | 0.62% | 4.83% | -17.69% | -74.52% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0390 | China Railway Group Class H | 3.09 | -0.60 | -16.37% | |
| HK:1800 | China Communications Construction Co Class H | 3.31 | -1.55 | -31.95% | |
| HK:3311 | China State Construction International Holdings | 8.68 | 0.33 | 3.90% | |
| HK:1186 | China Railway Construction Corporation Class H | 4.22 | -0.91 | -17.67% | |
| HK:3996 | China Energy Engineering Corp. Ltd. Class H | 0.94 | -0.19 | -16.96% | |
| HK:1618 | Metallurgical Corporation of China Ltd. Class H | 1.27 | -1.13 | -47.08% |
China Railway Group Corporate Events
China Railway Group’s Third-Quarter Profit Slumps as Cash Flow Turns Negative
China Railway Group Limited reported unaudited third-quarter 2026 results showing a broad downturn in profitability despite stable asset and equity levels. Revenue for the quarter fell 7.36% year-on-year to RMB 243.39 billion, while net profit attrib...
China Railway Group Posts Mixed Q3 Contract Trends Across Core and Emerging Segments
China Railway Group Limited, a leading Chinese infrastructure and construction conglomerate listed in Shanghai and Hong Kong, operates across engineering construction, design and consulting, equipment manufacturing, property development, asset operat...
China Railway Group Sets Board Meeting to Approve Nine-Month Results
China Railway Group Limited has scheduled a board meeting for 29 October 2026 to review and approve the quarterly financial results for the nine months ended 30 September 2026. The session will cover the performance of the company and its subsidiarie...
China Railway Group Names New Board Secretary and Joint Company Secretary
China Railway Group has appointed long-time executive Zhong Jun as secretary to the Board and joint company secretary, formalizing a leadership transition in its corporate governance functions. Zhong, who recently became director of the Board Office...
China Railway Group Sets 2026 Interim Dividend and Clarifies Withholding Tax Rules
China Railway Group Limited has announced details for its 2026 interim cash dividend on H shares, declaring a payout of RMB 0.06374 per share for the six months ended 30 June 2026, equivalent to HKD 0.07366 per share based on a specified exchange rat...
China Railway Group Sets 2026 Interim Dividend and Outlines Tax Withholding Rules
China Railway Group has approved a 2026 interim dividend of RMB0.06374 per share, to be paid in Hong Kong dollars at HK$0.07366 per H share to holders on the register as of 30 September 2026, with payment expected around 14 October 2026. The company...
China Railway Group Sets 2026 Interim Dividend for Shareholders
China Railway Group Limited has announced an interim ordinary cash dividend of RMB 0.06374 per share for the six months ended 30 June 2026, following shareholder approval on 29 June 2026. Key details for Hong Kong shareholders, including the Hong Kon...
China Railway Group Interim Results Show Broad-Based Profit Decline
China Railway Group reported unaudited interim results for the six months to 30 June 2026 showing a broad-based decline in revenue and profitability across major segments. Total revenue fell 7.7% year-on-year to RMB 473.1 billion, with infrastructure...
China Railway Group Sets 2026 Interim Dividend at RMB 0.06374 Per Share
China Railway Group Limited has announced its 2026 interim dividend plan, confirming a cash payout of RMB 0.06374 per share, or RMB 0.6374 per 10 shares, inclusive of tax, to all shareholders based on the registered share capital on the future equity...
China Railway Group Schedules Board Meeting to Approve Interim Results and Consider Dividend
China Railway Group Limited has scheduled a board meeting for 27 and 28 August 2026 in Beijing to review and approve the interim financial results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend,...
China Railway Group Announces Board Secretary Transition as Ma Yonghong Retires
China Railway Group Limited announced that joint company secretary and secretary to the board, Ma Yonghong, will resign effective 1 August 2026 upon reaching retirement age, and will subsequently serve as an external director at the company’s s...
China Railway Group Q2 2026 Data Show Mixed Momentum Across Core Segments
China Railway Group Limited reported major operating data for the second quarter of 2026, highlighting trends across its main business segments of engineering construction, design and consulting services, and equipment manufacturing. The disclosure,...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 31, 2026