Summary by Futu AI
China Railway Corporation (the "Company") announced the unaudited interim results for the six months ended June 30, 2024. During the period, the company's revenue was RMB 54.452 billion, a decrease of 7.8% compared to the same period last year. Gross profit was RMB 4.676 billion, a decrease of 8.2%; pre-tax profit was RMB 1.956 billion, a decrease of 14.9%; and profit for the period was RMB 1.567 billion, a decrease of 14.2%. The attributable profit to equity holders of the Company for the period was RMB 1.428 billion, a decrease of 12.1%. Basic earnings per share was RMB 0.532. The board of directors does not recommend the payment of interim dividends. In the first half of 2024, the company issued four batches of technology innovation renewable csi enterprise bond index, with a total amount of RMB 10 billion. In addition, the company decided to repurchase and cancel a portion of restricted stocks under the 2021 incentive plan, totaling 7.384576 million shares.