CRRC corporation sees strong Q3 revenue and profit growth, but operating cash flow dips

CRRC Corporation Limited reported total operating income of RMB183,865,085 thousand for the first three quarters of 2025, a 20.49% increase compared to the same period in 2024. Net profit attributable to shareholders of the company rose by 37.53% to RMB9,964,248 thousand, with basic earnings per share at RMB0.35. The growth was primarily driven by a 22.23% increase in revenue from the railway equipment business and a 31.91% increase from the new industry business.

Despite the positive profit trends, net cash flow from operating activities was a net outflow of RMB11,527,861 thousand, a notable shift from the RMB7,545,223 thousand inflow in the prior year, attributed to increased cash payments for goods and services. Total assets also grew by 11.11% to RMB569,815,152 thousand as of September 30, 2025, compared to year-end 2024.

Key management changes were also noted, with Mr. Ma Yunshuang resigning as executive director and Ms. Yi Ran elected as employee director. Ms. Li Zheng resigned as chief financial officer. The company issued RMB14 billion in super short-term financing bills, with RMB9 billion remaining outstanding.