Core Viewpoint - China CNR Corporation Limited reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in revenue and net profit [1][2]. Financial Performance - For the first three quarters of 2025, China CNR achieved operating revenue of 183.865 billion yuan, a year-on-year increase of 20.49% [1]. - The net profit attributable to shareholders was 9.964 billion yuan, reflecting a year-on-year growth of 37.53% [1]. - The net profit after deducting non-recurring gains and losses was 9.096 billion yuan, up 51.67% year-on-year [1]. Business Segments - The railway equipment business generated operating revenue of 87.717 billion yuan, marking a year-on-year increase of 22.23%, primarily driven by increased revenue from multiple units [2]. - New industry businesses showed robust growth, with operating revenue of 66.097 billion yuan, up 31.91% year-on-year [2]. - The urban rail and urban infrastructure business achieved revenue of 27.288 billion yuan, while the modern service business generated 2.764 billion yuan [2]. Innovation and Development - China CNR is focusing on innovation to drive business development, enhancing product research and development to offer smarter, more efficient, and environmentally friendly solutions [3]. - The company secured new orders totaling approximately 247.2 billion yuan in the first three quarters, including 46.7 billion yuan in overseas orders [3]. - Recent exhibitions showcased innovations in advanced manufacturing, including high-speed freight trains and hydrogen-powered trains, emphasizing the integration of automation, lean management, and green technology [3]. - Looking ahead, the company aims to promote high-quality development and establish a new industrial development pattern focusing on rail transportation and clean energy equipment [3].

Core Insights - China CNR Corporation Limited (01766) reported a revenue of approximately 183.87 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 20.49% [1] - The net profit attributable to shareholders was around 9.96 billion yuan, reflecting a year-on-year growth of 37.53% [1] - Basic earnings per share stood at 0.35 yuan [1] Revenue Breakdown - The increase in revenue was primarily driven by growth in the railway equipment and new industry sectors [1] - Revenue contributions from various segments were as follows: railway equipment business accounted for 47.71%, urban rail and infrastructure business 14.84%, new industry business 35.95%, and modern service business 1.50% [1]

Core Viewpoint - China CNR Corporation Limited (01766.HK) reported its Q3 2025 results, showing a slight increase in revenue but a decline in net profit compared to the previous year [1] Financial Performance - The company's Q3 revenue reached 64.107 billion yuan, representing a year-on-year growth of 2.50% [1] - Net profit for Q3 was 2.719 billion yuan, which is a decrease of 10.70% year-on-year [1] - Basic earnings per share for Q3 stood at 0.09 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the total revenue was 183.865 billion yuan, reflecting a year-on-year increase of 20.49% [1] - Net profit for the first three quarters amounted to 9.964 billion yuan, showing a significant year-on-year growth of 37.53% [1] - Basic earnings per share for the first three quarters was reported at 0.35 yuan [1]

Financial Performance - Operating revenue for Q3 2025 was RMB 64,106,958 thousand, representing a 2.50% increase compared to the same period last year[8]. - Net profit attributable to shareholders decreased by 10.70% to RMB 2,718,596 thousand from RMB 3,044,125 thousand in the previous year[8]. - The net profit after deducting non-recurring gains and losses was RMB 2,434,557 thousand, down 7.68% year-on-year[8]. - Operating revenue increased by 20.49% year-on-year, primarily due to growth in railway equipment and new industry businesses[15]. - Railway equipment business revenue reached 87.72 billion RMB, up 22.23% from the previous year, driven by increased sales of high-speed trains[16]. - New industry business revenue increased by 31.91% year-on-year, totaling 66.10 billion RMB, mainly due to growth in clean energy equipment sales[18]. - Net profit attributable to shareholders increased by approximately 37.53% year-on-year, driven by higher product sales[16]. - Total operating revenue for the first three quarters of 2025 reached RMB 183,865,085 thousand, a 20.5% increase from RMB 152,592,557 thousand in the same period of 2024[38]. - Net profit for the first three quarters of 2025 was RMB 12,580,111 thousand, up 33.4% from RMB 9,470,643 thousand in 2024[39]. - Operating profit for the first three quarters of 2025 was RMB 14,621,908 thousand, compared to RMB 10,769,338 thousand in 2024, reflecting a growth of 36.5%[38]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 569,815,152 thousand, an increase of 11.11% compared to the end of the previous year[8]. - The total liabilities increased to RMB 332,020,268 as of September 30, 2025, compared to RMB 278,675,937 at the end of 2024, marking a rise of about 19.1%[34]. - The total liabilities increased to RMB 357,479,227 thousand as of September 30, 2025, from RMB 302,599,925 thousand at the end of 2024, marking a rise of 18.1%[35]. - The company's total assets reached RMB 569,815,152 as of September 30, 2025, compared to RMB 512,845,527 at the end of 2024, indicating an increase of about 11.1%[34]. - The total current assets amounted to RMB 393,975,284, an increase from RMB 346,314,419 as of December 31, 2024, reflecting a growth of approximately 13.8%[33]. - The inventory level rose significantly to RMB 112,392,597 as of September 30, 2025, up from RMB 78,951,355 at the end of 2024, representing a growth of approximately 42.3%[33]. - The total equity attributable to shareholders of the parent company was RMB 169,791,490 thousand as of September 30, 2025, compared to RMB 168,799,788 thousand at the end of 2024[35]. Cash Flow - Cash flow from operating activities showed a net outflow of 11.53 billion RMB, compared to a net inflow of 7.55 billion RMB in the same period last year[17]. - Cash flow from operating activities showed a net outflow of RMB 11,527,861 thousand in the first three quarters of 2025, compared to a net inflow of RMB 7,545,223 thousand in 2024[44]. - Cash flow from financing activities generated a net inflow of 4.13 billion RMB, a significant improvement from a net outflow of 8.89 billion RMB last year[17]. - Net cash flow from financing activities improved to RMB 4,128,942 in 2025, recovering from a negative RMB 8,893,448 in 2024[46]. - Cash inflow from operating activities was RMB 191,220 in 2025, significantly lower than RMB 421,910 in 2024, highlighting challenges in operational cash generation[57]. - Net cash flow from investing activities for the first three quarters of 2025 was -RMB 14,713,381, compared to -RMB 9,094,141 in 2024, indicating increased investment outflows[46]. Investments and Contracts - The company signed new contracts worth approximately 247.2 billion RMB during the first nine months of 2025, including about 46.7 billion RMB from international business[18]. - Investment income increased by approximately 35.79% year-on-year, mainly due to higher returns from investments in joint ventures[16]. - The company completed the acquisition of 100% equity in a subsidiary, which resulted in restated figures for the previous year[9]. Shareholder Information - The number of A-share shareholders was reported at 496,183, while H-share shareholders numbered 2,036 as of the report date[25]. - The company’s major shareholder, CRRC Group, held a total of 14,765,441,250 shares, representing approximately 51.45% of the total issued shares[24]. Corporate Governance - The company appointed new executives, including a new chairman and several vice presidents, following the recent board elections[27]. - The company decided to abolish the supervisory board during the extraordinary shareholders' meeting held on September 22, 2025[29].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國中車股份有限公司 CRRC CORPORATION LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份代碼：1766） 海外監管公告 此海外監管公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條發出。 中国中车股份有限公司 第四届董事会第三次会议决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性、完整性承担法律责任。 中国中车股份有限公司（以下简称"公司"）第四届董事会第三次会议于 2025 年 10 月 16 日以书面形式发出通知，于 2025 年 10 月 30 日以现场与通讯相结合 的方式在北京召开。会议应到董事 8 人，实到董事 7 人，非执行董事范冰先生因 其他公务未能亲自出席本次会议，委托独立非执行董事王西峰先生代其行使在本 次会议上各项议案的表决权和会议决议、会议记录等文件的签字权。公司部分高 ...

Core Insights - China CNR Corporation (601766.SH) reported strong financial performance for the first three quarters of 2025, with operating revenue reaching 183.87 billion yuan, a year-on-year increase of 20.49%, and net profit attributable to shareholders at 9.96 billion yuan, up 37.53% [2] Financial Performance - The company's net profit excluding non-recurring items was 9.10 billion yuan, reflecting a significant growth of 51.67% year-on-year [2] - The railway equipment business generated 87.72 billion yuan in revenue, marking a 22.23% increase, primarily driven by higher sales of passenger trains [3] Industry Trends - The national railway transportation sector maintained a high level of activity, with fixed asset investment reaching 593.7 billion yuan, a 5.8% increase compared to the previous year, contributing to the demand for railway transport equipment [3] - The new industry business segment also performed well, achieving 66.10 billion yuan in revenue, a 31.91% increase [3] Innovation and Development - China CNR is focusing on innovation to drive business growth, with new orders totaling approximately 247.2 billion yuan, including 46.7 billion yuan from overseas [4] - The company showcased its innovations in advanced manufacturing and smart solutions at various expos, including high-speed freight trains and hydrogen-powered trains [4][5] Future Outlook - The company aims to maintain high-quality development, promoting the coordinated growth of rail transit and clean energy equipment, and is committed to contributing to global manufacturing transformation and low-carbon development [5]

Core Insights - China CNR Corporation (601766.SH) reported strong financial performance for the first three quarters of 2025, with operating revenue of 183.87 billion yuan, a year-on-year increase of 20.49%, and net profit attributable to shareholders of 9.96 billion yuan, up 37.53% [1] Group 1: Financial Performance - The company achieved a net profit of 9.96 billion yuan, reflecting a 37.53% increase year-on-year [1] - The company's net profit after deducting non-recurring gains and losses was 9.10 billion yuan, showing a significant growth of 51.67% [1] - The operating revenue from railway equipment business reached 87.72 billion yuan, marking a 22.23% increase, primarily driven by increased revenue from passenger trains [2] Group 2: Industry Trends - The national railway transportation industry maintained a high level of prosperity, with fixed asset investment reaching 593.7 billion yuan, a 5.8% increase year-on-year, and both passenger and freight transport showing growth compared to the previous year [2] - The new industry segment reported operating revenue of 66.10 billion yuan, a year-on-year increase of 31.91% [2] - The urban rail and infrastructure business generated revenue of 27.29 billion yuan, while modern service business revenue was 2.76 billion yuan [2] Group 3: Innovation and Development - The company signed new orders worth approximately 247.2 billion yuan in the first three quarters, including 46.7 billion yuan in overseas orders [3] - The company showcased innovations in advanced manufacturing, including high-speed freight trains and hydrogen-powered trains, at major industry expos [3] - The company aims to promote high-quality development and establish a new industrial development pattern focusing on rail transportation and clean energy equipment [3]

中国中车股份有限公司（以下简称"公司"）第四届董事会第三次会议于 2025 年 10 月 16 日以书面形式发出通知，于 2025 年 10 月 30 日以现场与通讯相结合 的方式在北京召开。会议应到董事 8 人，实到董事 7 人，非执行董事范冰先生因 其他公务未能亲自出席本次会议，委托独立非执行董事王西峰先生代其行使在本 次会议上各项议案的表决权和会议决议、会议记录等文件的签字权。公司部分高 级管理人员及有关人员列席了会议。本次会议的召开符合有关法律、行政法规、 部门规章和《中国中车股份有限公司章程》的有关规定。 证券代码：601766（A 股） 股票简称：中国中车（A 股） 编号：2025-048 证券代码： 1766（H 股） 股票简称：中国中车（H 股） 中国中车股份有限公司 第四届董事会第三次会议决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性、完整性承担法律责任。 三、审议通过《关于中车株洲电力机车研究所有限公司将所持株洲时代新 材料科技股份有限公司部分股份无偿划转至中国中车股份有限公司的议案》 会议由董事长孙永才先生主持，经过有 ...

Core Viewpoint - China CNR Corporation Limited (601766) reported its Q3 2025 financial results, showing a mixed performance with revenue growth but a decline in net profit [1] Financial Performance - Q3 2025 revenue reached 64.107 billion yuan, representing a year-on-year increase of 2.50% [1] - Q3 2025 net profit was 2.719 billion yuan, reflecting a year-on-year decrease of 10.70% [1] - For the first three quarters of 2025, total revenue amounted to 183.865 billion yuan, up 20.49% compared to the same period last year [1] - Net profit for the first three quarters of 2025 was 9.964 billion yuan, showing a year-on-year growth of 37.53% [1] - Basic earnings per share for the first three quarters stood at 0.35 yuan [1] Business Segments - The increase in revenue compared to the previous year was primarily driven by growth in the railway equipment business and new industry sectors [1]

证券代码：601766（A 股） 股票简称：中国中车（A 股） 编号：2025-049 证券代码： 1766（H 股） 股票简称：中国中车（H 股） 中国中车股份有限公司 关于下属子公司收购北京中车装备科技有限公司 100%股权暨关联交易的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 中国中车股份有限公司（以下简称"公司"）的控股子公司中车长春 轨道客车股份有限公司（以下简称"长客股份公司"）拟收购中车北京二七机车 有限公司（以下简称"二七机车公司"）所持北京中车装备科技有限公司（以下 简称"北京装备科技公司"）100%股权（以下简称"本次交易"）。 二七机车公司为公司控股股东中国中车集团有限公司（以下简称"中 车集团"）控制的企业，因此本次交易构成关联交易，但不构成《上市公司重大 资产重组管理办法》规定的重大资产重组，本次股权转让价格为人民币 18,620.90 万元。 本次交易前，存在中车集团向北京装备科技公司提供的财务资助，财 务资助金额为 25.33 亿元，年化利率为 2.4%—2.6%（根据实际 ...