China Railway Signal & Communication Corp Class H ( (CRYYF) ) has released its Q4 earnings. Here is a breakdown of the information China Railway Signal & Communication Corp Class H presented to its investors.
China Railway Signal & Communication Corporation Limited (CRSC) is a leading enterprise in the rail transit control system sector, providing comprehensive services across the entire industrial chain to ensure the safe operation of rail transportation. The company has also ventured into the low-altitude economy, focusing on airspace control and drone technologies.
In its latest earnings report for the year ending December 31, 2024, CRSC highlighted a strategic shift towards enhancing core competitiveness and expanding its business in the low-altitude economy. Despite a challenging year with a 12.24% decline in revenue to RMB 32.47 billion, the company maintained a stable net profit attributable to shareholders at RMB 3.49 billion, a slight increase from the previous year.
Key financial metrics showed a mixed performance with a significant increase in net cash flow from operating activities by 154.42% to RMB 5.24 billion, indicating improved operational efficiency. The company also reported a total order backlog of RMB 122.89 billion, reflecting strong future business prospects. CRSC’s strategic focus on innovation and market expansion was evident in its successful entry into new markets and the development of advanced technologies in both rail and low-altitude sectors.
Looking ahead, CRSC plans to capitalize on the recovery of railway investments and the stabilization of the urban rail transit market. The company aims to enhance its technological capabilities, optimize its business structure, and expand its market presence both domestically and internationally. With a focus on high-quality development and innovation, CRSC is poised to strengthen its position as a leader in intelligent control systems.
CRSC’s management remains committed to driving growth through strategic initiatives and operational excellence, positioning the company for sustainable success in the evolving transportation industry.