CRRC Corp. forecasts substantial profit increase for Q1 2025

CRRC Corporation Limited (HKEX:1766) anticipates a substantial rise in net profit attributable to shareholders for the first quarter of 2025. The company estimates profits will range from RMB2,822 million to RMB3,226 million, marking a 180% to 220% increase compared to the same period last year. Excluding non-recurring gains or losses, the net profit attributable to shareholders is projected to be between RMB2,605 million and RMB2,872 million, reflecting a period-on-period increase of 290% to 330%. The company attributes this growth to higher product sales compared to the corresponding period of the previous year. Investors are advised to exercise caution and pay attention to investment risks.