Daqin Railway Q3 net profit drops 23%, company announces share buyback

Daqin Railway Company Limited reported a Q3 2025 net profit attributable to shareholders of 2,109,027,074 yuan, a 23.01% decrease year-on-year. Total profit for the period also fell by 19.31% to 2,953,509,783 yuan. The company’s operating income for the first three quarters reached 57,058,158,284 yuan, an increase of 3.34% compared to the previous year. Diluted earnings per share for the quarter were 0.10 yuan, down 37.50%. The decrease in earnings per share is mainly attributed to the decline in net profit and the increase in total share capital due to the conversion of convertible bonds.

In governance news, the board nominated Mr. Yang Tao as a new director. Mr. Yang, with a background in accounting and finance across various railway entities, previously served as chief accountant for China Railway Investment Co., Ltd. The board also approved a share repurchase plan of 1 billion yuan to 1.5 billion yuan, with a maximum price of 8.19 yuan per share, to be completed within 12 months.

Furthermore, Daqin Railway approved "Internal Audit Work Management Implementation Measures" to enhance internal audit quality and efficiency. A second extraordinary general meeting in 2025 is scheduled for November 18 to vote on the new director appointment.