Iron Rail: Revenue in 2025 was 1.275 billion yuan, a year-on-year decrease of 20.09% in net profit.

The announcement from Tieke Railway stated that in 2025, the company achieved a total operating income of 1,275,221.9 million yuan, a year-on-year decrease of 9.53%; operating profit was 2,768.598 million yuan, a year-on-year decrease of 9.91%; total profit was 2,768.62 million yuan, a year-on-year decrease of 9.72%; net profit attributable to the owners of the parent company was 1,712.724 million yuan, a year-on-year decrease of 20.09%. At the end of the reporting period, total assets were 4,038,380.9 million yuan, an increase of 4.86% compared to the beginning of the reporting period; equity attributable to the owners of the parent company was 2,947,195.8 million yuan, an increase of 3.51% compared to the beginning of the reporting period. The above data is preliminary and unaudited.