Shenzhou High-Speed Rail: Abnormal stock price fluctuations; net profit for 2025 is expected to be a loss of 650 million to 880 million yuan

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（Source: Caixin News）

          This earnings forecast is a preliminary estimate; detailed data will be disclosed in the company's 2025 annual report.            

On March 31, Shenzhou High-Speed Rail (000008.SZ) experienced a cumulative deviation of over 20% in closing prices over two consecutive trading days on March 30 and 31, 2026. According to relevant regulations of the Shenzhen Stock Exchange, this constitutes an abnormal fluctuation in stock trading.

Regarding the abnormal fluctuation in stock trading, after the company’s self-inspection and written verification with the controlling shareholder and actual controller, the company hereby explains the relevant situation as follows: First, the company has not found any information disclosed previously that requires correction or supplementation; second, the company has not found any recent public media reports that may or have already had a significant impact on the company’s stock trading price of undisclosed material information; at the same time, the company’s production and operation are normal and orderly, and there have been no major changes in the external operating environment recently; additionally, the company’s controlling shareholder and actual controller do not have any major matters that should be disclosed but have not been disclosed or are under planning; finally, during the period of abnormal stock fluctuation, the controlling shareholder and actual controller did not buy or sell the company’s stock.

Regarding risk warnings, the company and all members of the board of directors guarantee that the content of information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions. Specifically, after self-inspection, the company has not violated fair disclosure of information. Furthermore, the company disclosed the “2025 Annual Performance Forecast” on January 31, 2026, estimating a net profit attributable to shareholders of the listed company of -880 million to -650 million yuan. As of the date of this announcement, there are no significant discrepancies between the disclosed performance forecast and actual situation, nor are there any corrections needed. This earnings forecast is a preliminary estimate; detailed data will be disclosed in the company’s 2025 annual report.