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CRRC (601766) investor relations material
CRRC Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached RMB 53.82 billion, up 10.57% year-over-year, driven by growth in railway equipment and new industries.
Net profit attributable to shareholders was RMB 3.38 billion, up 10.66% year-over-year.
Cash flow from operating activities was a net outflow of RMB 9.08 billion, compared to a net outflow of RMB 5.07 billion in Q1 2025.
Major board and management changes occurred, including the appointment of a new president and CFO.
Financial highlights
Operating income: RMB 53.82 billion, up 10.57% year-over-year.
Net profit attributable to shareholders: RMB 3.38 billion, up 10.66% year-over-year.
Basic and diluted EPS: RMB 0.12, up 9.09% year-over-year.
Total assets at quarter-end: RMB 553.36 billion, up 0.47% from year-end 2025.
Net cash flow from operating activities: -RMB 9.08 billion.
Outlook and guidance
Revenue growth attributed to increased sales in railway equipment and new energy sectors.
Management expects continued focus on expanding new industry and modern service segments.
- 2025 revenue up 10.79% and net profit up 6.40%, with robust R&D and 50% dividend payout.601766
Q4 202528 Mar 2026 - Net profit surged 21.40% on 3.13% revenue growth, led by robust railway equipment sales.601766
Q2 202419 Dec 2025 - H1 2025 revenue up 32.99%, net profit up 72.48%, led by rail and new industry growth.601766
Q2 202519 Dec 2025 - Revenue and net profit surged year-over-year, led by railway and new industry growth.601766
Q3 202519 Dec 2025 - Revenue and net profit soared, but operating cash flow turned negative in Q1 2025.601766
Q1 202519 Dec 2025 - Record revenue and profit growth, margin improvement, and strong cash flow in 2024.601766
H2 202419 Dec 2025 - Net profit rose 17.77% on strong railway equipment sales and higher parent group ownership.601766
Q3 202419 Dec 2025
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