HK Stock Market Move | China Railway (00390) plunges more than 4% in the afternoon, with net profit down 14.97% year-on-year in the first three quarters, and the decline in performance narrows in the third quarter.

China Railway (00390) fell more than 4% in the afternoon, falling 4.36% to HKD 3.95 by the time of publication, with a trading volume of HKD 1.78 billion. In terms of news, China Railway released its performance data, showing that it achieved a total operating income of RMB 776.059 billion in the first three quarters of 2025, a year-on-year decrease of 5.39%; the net profit attributable to the parent company's shareholders was RMB 17.49 billion, a year-on-year decrease of 14.97%. In the third quarter, operating income was RMB 262.72 billion, a decrease of 4.53%; net profit was RMB 5.664 billion, a decrease of 9.98%. Huatai pointed out that the company's new order growth rate turned positive since the second quarter, the decline in revenue and profit narrowed in the third quarter, and with the acceleration of the issuance of policy financial instruments and special bonds, the implementation of orders is expected to improve, and the fundamentals are expected to improve. The A/H shares both maintained a "buy" rating.