Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CRSC

中国通号

中國鐵路通信信號股份有限公司

China Railway Signal & Communication Corporation Limited*

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 3969)

ANNOUNCEMENT ON UPDATES OF 2024 PRELIMINARY ANNUAL RESULTS

This announcement is made by China Railway Signal & Communication Corporation Limited* (the "Company") pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The major financial data for the year 2024 contained in this announcement is preliminary accounting data and has not been audited by the accounting firm. The specific data should be referred to the data disclosed in the 2024 annual report of the Company. Investors are reminded of the investment risks.

I. MAJOR FINANCIAL DATA AND INDICATORS FOR THE YEAR 2024

Unit: RMB ten thousand

Item Reporting period Corresponding period of last year Increase/ decrease (%)
Total revenue 3,263,974.02 3,708,742.19 -11.99
Operating profit 467,939.38 466,084.18 0.40
Total Profit 472,251.07 469,028.56 0.69
Net profits attributable to owners of the parent company 348,699.61 347,732.66 0.28
Net profits attributable to owners of the parent company deducting non-recurring profit and loss 326,118.59 326,620.46 -0.15
Basic earnings per share (RMB/share) 0.32 0.32 –
Weighted average return on net assets (%) 7.32 7.54 Decreased by 0.22 percentage point
As at the end of the Reporting Period As at the beginning of the Reporting Period Increase/ decrease (%)
Total assets 11,826,453.90 11,899,048.77 -0.61
Equity attributable to owners of the parent company 4,802,520.80 4,681,205.19 2.59
Share capital (in ten thousand shares) 1,058,981.90 1,058,981.90 –
Net asset per share attributable to owners of the parent company (RMB/share) 4.54 4.42 2.71

Notes:
1. The data as at the beginning of the reporting period is the same as the data statutorily disclosed as at the end of last year.
2. The above data is based on the data of the consolidated statements of the Company that has not been audited. The finalized results should be referred to the 2024 annual report of the Company.

II. EXPLANATION OF OPERATING RESULTS AND FINANCIAL STATUS

(I) The operating conditions, financial positions and the major factors which affect operating results during the reporting period

In 2024, the Company continued to focus on our main responsibilities and businesses, optimized our business structure, promoted the transformation and upgrading of traditional industries, accelerated the layout of strategic emerging industries, and achieved effective qualitative improvement and reasonable quantitative growth in economic benefits. During the reporting period, the Company achieved total revenue of RMB32,640 million, representing a year-on-year decrease of 11.99%, net profits attributable to owners of the parent company of RMB3,487 million, representing a year-on-year increase of 0.28%, and net profits attributable to owners of the parent company deducting non-recurring profit and loss of RMB3,261 million, representing a year-on-year decrease of 0.15%. At the end of the reporting period, the Company’s total assets amounted to RMB118,265 million, representing a decrease of 0.61% over the beginning of the year, and the equity attributable to owners of the parent company amounted to RMB48,025 million, representing an increase of 2.59% over the beginning of the year.

(II) The main reason for the increase/decrease of 30% or more of the relevant items in the above table

Nil.

III. WARNING OF RISKS

The major financial data for the year 2024 contained in this announcement is preliminary accounting data, which may differ from the data to be disclosed in the 2024 annual report of the Company. The specific data should be referred to the data disclosed in the 2024 annual report of the Company. Investors are reminded of the investment risks.

By order of the Board
China Railway Signal & Communication Corporation Limited*
LOU Qiliang
Chairman

Beijing, the PRC
27 February 2025

As at the date of this announcement, the executive directors of the Company are Mr. LOU Qiliang and Mr. ZHANG Quan, and the independent non-executive directors of the Company are Mr. YAO Guiqing, Mr. YAO Cho Fai Andrew and Mr. FU Junyuan.