Daqin Railway plans share buyback alongside mixed operational report

Daqin Railway announced its intention to repurchase shares via centralized competitive bidding, with a planned expenditure of 1 billion yuan to 1.5 billion yuan. The buyback, approved on September 23, 2025, aims to reduce registered capital, with an authorized price limit of 8.19 yuan per share. The implementation period is set for 12 months from the shareholder approval date, specifically from September 23, 2025, to September 22, 2026. As of September 30, 2025, the company had not yet commenced repurchases, pending the opening of a dedicated securities account.

Concurrently, Daqin Railway released its September 2025 production and operational data. The company's core asset, the Datong-Qinhuangdao (Daqin) Line, transported 33.05 million tons of cargo in September, marking a 3.25% year-on-year increase. The daily average transport volume was 1.1017 million tons, with 70.3 heavy-haul trains operating daily, including 52.6 trains carrying 20,000 tons.

For the period from January to September 2025, the Daqin Line's cumulative cargo transportation volume reached 285.87 million tons, a slight decrease of 0.20% compared to the same period last year. The company emphasized that these operational figures are based on internal statistics and may vary due to market conditions, equipment maintenance, and unloading capabilities.