China Railway Signal & Communication Corporation Limited (CRSC) disclosed its unaudited results for the third quarter ended 30 September 2025. During the first three quarters, revenue reached approximately RMB21.75 billion, reflecting a 4.48% increase compared to the same period last year, while net profit attributable to shareholders stood at roughly RMB2.28 billion, down 3.16% year-on-year.
According to the report, revenue from railway projects rose 4.78% year-on-year to around RMB12.60 billion, and urban rail transit revenue grew 14.46% to approximately RMB5.78 billion. In contrast, overseas business income declined 21.90% from the previous year to RMB1.38 billion. The company highlighted a total of RMB27.47 billion in newly-signed external contracts during the first three quarters, representing a 5.68% decrease compared to the same period in the previous year, with a noted increase in newly-signed contracts in the railway and urban rail transit sectors.
CRSC also reported that its total assets stood at around RMB115.66 billion as of 30 September 2025, while the net assets attributable to shareholders were about RMB48.58 billion, a slight rise from the end of last year. The company attributed changes in certain operating metrics partly to shifts in deposits of its finance subsidiary. In addition, CRSC noted that long-term borrowings more than doubled year-to-date, primarily linked to newly provided entrusted loans from its controlling shareholder.
Overall, CRSC’s quarterly performance indicated stable revenue expansion in domestic railway and urban rail transit markets, tempered by a decline in overseas business revenue and a moderate dip in net profit. The report underscores the company’s continued development efforts in core sectors and the evolving structure of its financing activities.
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