China Railway Group’s Financial Results Decline in 2024

China Railway Group ended 2024 with a decline in core financial metrics, including revenue, profit, and the volume of new contracts. This is reported by the railway transport news portal Railway Supply.

The company’s revenue fell by 8.2% compared to the previous year, reaching €147.9 billion. Net profit dropped by 18.3% to €3.92 billion, and the gross margin narrowed by 0.2 percentage points to 9.5%.

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EBITDA also declined by 5.5%, totaling €9.21 billion. These results reflect reduced efficiency amid weakening activity in the company’s key sectors.

China Railway Group loses ground in transport infrastructure

The total value of newly signed contracts shrank by 12.4% to €347 billion. Urban rail agreements saw the steepest fall—down 56% to €8.9 billion.

However, the international segment delivered growth: the total value of overseas contracts rose by 10.6% to €28.2 billion, partially offsetting the drop in domestic markets.

China Railway Group pivots to clean energy

Facing reduced demand in infrastructure, the company is boosting investments in sustainable energy. Leadership expects revenue in 2025 to reach €144 billion, with contract volume climbing to €357 billion.

By focusing on clean energy and global expansion, China Railway Group is adapting to evolving market conditions and seeking new growth drivers beyond traditional sectors.

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