Zhuzhou CRRC extends supply agreement, reports strong Q3 growth

Zhuzhou CRRC Times Electric Co., Ltd. has extended its mutual supply agreement with CRRC Group for a term of three years, from January 1, 2026, to December 31, 2028. This new agreement replaces the 2023-2025 accord and covers the supply of products, equipment, raw materials, parts, components, and various services between the company and the CRRC Group of Companies. The transactions under the new agreement are subject to Independent Shareholders' approval, with new annual caps set at RMB4,500 million, RMB6,700 million, and RMB10,100 million for amounts paid to CRRC Group, and RMB16,300 million, RMB21,100 million, and RMB27,500 million for amounts paid by CRRC Group, for the years 2026, 2027, and 2028, respectively.

In its 2025 Third Quarterly Report, Zhuzhou CRRC Times Electric reported a total revenue of RMB18,830,090,711 for the first three quarters of 2025, a 14.86% year-on-year increase. Net profit attributable to shareholders, after deducting non-recurring profit or loss, rose by 30.92% to RMB2,613,545,177. Net cash flow from operating activities saw a substantial increase of 303.02% to RMB2,116,958,001 for the nine months ended 30 September 2025. Total assets as of September 30, 2025, were RMB69,547,876,862.