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China's Guangshen Rail nine-month revenue rises 4.5%, profit falls

By Reuters News


Overview

  • China railway operator's nine-month revenue rose 4.5% yr/yr to RMB 22.2 bln

  • Net profit attributable to shareholders fell 6.7% yr/yr to RMB 1.36 bln

  • Revenue growth driven by rebound in passenger transportation demand


Outlook

  • Company did not provide specific guidance for future quarters or full-year performance in its press release


Result Drivers

  • PASSENGER DEMAND REBOUND - Co said revenue growth was driven by a continued rebound in passenger transportation demand

  • COST AND EXPENSE CONTROL - Co said it maintained strict control on cost, fees and expenses, resulting in a lower increase in cost and expenses compared to operating income

  • EXTRAORDINARY ITEMS IMPACT - Co said profit and EPS declined due to gains from extraordinary items, such as disposal of non-current assets, in the year-ago period


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

RMB 22.19 bln

9M Net Income Attributable

RMB 1.36 bln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the passenger transportation, ground & sea peer group is "buy."

  • Wall Street's median 12-month price target for Guangshen Railway Co Ltd is CNY3.71, about 18.4% above its October 29 closing price of CNY3.13

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 27 - China's industrial profit growth picks up amid deepening economic divergence

  • Oct 26 - Guangdong Land nine-month revenue drops 20% on lower property sales

  • Oct 27 - Guangdong Investment 9M revenue rises on water resources strength


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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