CRRC Corporation (01766) reports profit growth in the first quarter. Expected net profit attributable to shareholders will be between 2.822 billion yuan to 3.226 billion yuan, representing an increase of 180% to 220% year-on-year.

CRRC Corporation (01766) announces that it is expected to achieve a net profit attributable to shareholders of the listed company of RMB 28.22 billion to RMB 32.26 billion in the first quarter of 2025. Compared with the same period of the previous year (as disclosed by law), it will increase by RMB 18.14 billion to RMB 22.18 billion, a year-on-year growth of 180% -220%. It is expected that the net profit attributable to shareholders of the listed company after deducting non-recurring expenses will be RMB 26.05 billion to RMB 28.72 billion in the first quarter of 2025. Compared with the same period of the previous year (as disclosed by law), it will increase by RMB 19.37 billion to RMB 22.04 billion, a year-on-year growth of 290% -330%. The main reason for the growth of the company's performance during the reporting period is the increase in product sales volume compared to the same period of the previous year.