China Railway Assembly (300374.SZ): Net loss of 121 million yuan in 2025

Gelonghui March 26丨China Railway Equipment (300374.SZ) announced its 2025 annual report, with the company achieving operating revenue of 1.921 billion yuan, roughly the same as the previous year; confirming a net loss attributable to shareholders of the listed company of 121 million yuan, which is a larger loss compared to the same period last year. During the reporting period, the company’s operating revenue remained stable. Affected by a year-on-year decline in the gross profit margin of core business and the termination of recognition of deferred income tax assets related to losses that are unlikely to be compensated within the statutory period by some subsidiaries, the company’s operating performance for this period resulted in a net loss. The company’s main business, core competitiveness, and ongoing business capability have not undergone significant adverse changes. In the future, the company will focus on improving quality and efficiency in its main business, actively optimize its business structure, strengthen project cost control, steadily enhance core profitability and market competitiveness, strive for high-quality development, and promote continuous improvement in operating performance.