GUANGSHEN RAIL's stock soared 5.53% during intraday trading on Thursday, driven by positive financial results and a capital return initiative.
The railway operator reported robust first-quarter 2026 earnings, with operating revenue rising 7.18% year-on-year to RMB 7.391 billion and net profit attributable to shareholders jumping 23.8% to RMB 580 million. This performance exceeded market expectations, boosting investor sentiment.
Additionally, the company's board approved a share repurchase plan, proposing to buy back up to RMB 100 million worth of A-shares at a maximum price of RMB 4.62 per share. The repurchased shares will be canceled, reducing the company's registered capital by approximately 0.31%, which is seen as a move to enhance shareholder value.