CRRC's Q1 2025 profit soars, driven by railway equipment

CRRC Corp (SSE:601766) reported a significant increase in its first-quarter 2025 financial performance, with operating income reaching CNY 48,671.06 million, a 51.23% increase from the same period last year, primarily driven by growth in the railway equipment sector. Net profit attributable to shareholders reached CNY 3,052.98 million, a 202.79% increase compared to Q1 2024. The basic and diluted earnings per share both stood at CNY 0.11, up from CNY 0.04 last year. Railway equipment accounted for 52.98% of the total revenue, with the revenue of rolling stock growing by 93.63% year-over-year. New orders in Q1 2025 reached approximately CNY 54.6 billion.