CRSC reports slight profit growth amid revenue decline

China Railway Signal & Communication Corporation (CRSC) [SSE:688009] announced preliminary financial results for 2024, reporting a slight increase in net profit attributable to shareholders of the parent company, rising 0.28% year-over-year to RMB 3.487 billion. Basic earnings per share remained steady at RMB 0.32. Total operating revenue declined by 11.99% to RMB 32.64 billion. Weighted average return on net assets decreased slightly to 7.32%. Total assets decreased marginally by 0.61% to RMB 118.265 billion. Equity attributable to owners of the parent increased by 2.59% to RMB 48.025 billion. The company cautioned that the reported figures are preliminary and subject to change pending final audit. CRSC is focusing on strategic emerging industries and upgrading traditional sectors.