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CRRC
CRRC (601766) investor relations material
CRRC Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary31 Oct, 2025
Executive summary
Revenue for the first nine months of 2025 reached RMB 183.87 billion, up 20.49% year-over-year, driven by growth in railway equipment and new industries.
Net profit attributable to shareholders was RMB 9.96 billion, a 37.53% increase year-over-year.
The company underwent significant board and management changes, including the election of a new board and the cancellation of the supervisory board.
Financial highlights
Operating income for Q3 was RMB 64.11 billion, up 2.5% from the same quarter last year.
Net profit for Q3 was RMB 2.72 billion, down 10.7% year-over-year; basic EPS for Q3 was RMB 0.09.
For the first nine months, basic and diluted EPS were both RMB 0.35, up 40% year-over-year.
Cash flow from operating activities for the first nine months was a net outflow of RMB 11.53 billion, compared to a net inflow of RMB 7.55 billion last year.
Total assets at quarter-end were RMB 569.82 billion, up 11.11% from year-end 2024.
Outlook and guidance
New contracts signed in the first nine months totaled approximately RMB 247.2 billion, with international contracts accounting for RMB 46.7 billion.
Operating cash flow net outflow reasons
New orders impact on future segment growth
Impact of Supervisory Board cancellation
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Next CRRC earnings date
Q4 202528 Mar, 2026
CRRC
Next CRRC earnings date
Q4 202528 Mar, 2026
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Frequently asked questions
CRRC Corporation Limited is a Chinese company specializing in the design, manufacture, and maintenance of railway equipment. The company produces a wide range of rail transport products, including high-speed trains, urban transit vehicles, locomotives, and rail engineering equipment. Serving both domestic and international markets, CRRC provides solutions for passenger and freight rail systems, along with services in system integration and rail infrastructure support. The company is headquartered in Beijing, China, and its shares are listed on the Shanghai and Hong Kong Stock Exchanges.
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