Kyushu Railroad: Net loss of 14.0134 million yuan in 2025.

Kyushu Railways released its interim performance report, achieving a total operating revenue of 231 million yuan in 2025, a decrease of 35.56% compared to the same period last year; achieving a net profit attributable to the owner of the parent company of -14.0134 million yuan, a decrease of 225.66% compared to the same period last year; achieving a net profit attributable to the owner of the parent company excluding non-recurring gains and losses of -14.0579 million yuan, a decrease of 327.44% compared to the same period last year. In 2025, due to market fluctuations and intensified industry competition, the progress of some projects slowed down, resulting in a decrease in operating income compared to the same period last year; customer repayment progress fell short of expectations, leading to an increase in the provision for credit impairment losses compared to the same period last year; meanwhile, in order to enhance core competitiveness, the company continued to increase research and development investment, leading to an increase in research and development expenses compared to the same period last year.