CRRC boosts ESG efforts, revenue and profit rise in 2024

CRRC Corporation (HKEX: 1766) reported a 5.21% year-on-year increase in operating revenue, reaching CNY 246.457 billion in its 2024 Environmental, Social and Governance (ESG) Report. Net profit attributable to shareholders rose by 5.77% to CNY 12.388 billion. The company highlighted its focus on innovation, green initiatives, and social responsibility, including reducing comprehensive energy consumption per CNY 10,000 of output value by 15% compared to 2021. CRRC invested CNY 420.6354 million in environmental protection and installed an additional 47.3 MW of photovoltaic capacity, bringing its total operational capacity to 209.31 MW, using 122 million kWh of green electricity. It has also launched new energy locomotives and high-speed sleeper trains, is expanding into digital intelligence and hydrogen projects, and is actively involved in "Belt and Road" initiatives.