HK Stock Market Move | China Railway Signal & Communication Corporation (03969) falls nearly 3%; net profit attributable to shareholders for the first three quarters declines 11.53% year-on-year; the company's period expense ratio has risen somewhat.

China Railway Signal & Communication Corporation (03969) fell nearly 3%, down 2.3% as of press time to HK$2.98, with turnover of HK$13.5299 million. On the news front, on October 27, China Railway Signal & Communication Corporation issued an announcement that in the first three quarters of 2026 it achieved operating revenue of RMB21.033 billion (same currency hereinafter), down 3.28% year-on-year; net profit attributable to shareholders of the listed company was RMB2.021 billion, down 11.53% year-on-year; basic earnings per share were RMB0.19. Soochow noted that China Railway Signal & Communication Corporation's third-quarter revenue was slightly below the bank's expectations. Regarding period expenses, in the first three quarters of 2026 the company's period expense ratio was 15.78%, up 1.00 percentage point year-on-year, of which the selling/administrative/financial/R&D expense ratios were 2.36%/7.20%/0.32%/5.90%, up 0.05 percentage point/0.51 percentage point/0.41 percentage point/0.03 percentage point year-on-year. The company's period expense ratio rose somewhat; the increase in the financial expense ratio was mainly affected by higher interest expenses and lower interest income; in the first three quarters, R&D investment was RMB1.421 billion, up 6.94% year-on-year, with R&D investment continuing to increase.