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。 茲載列中國中車股份有限公司（「本公司」）在上海證券交易所網站刊登的《中國中車股 份有限公司第三屆董事會第二十八次會議決議公告》，僅供參閱。 承董事會命 中國中車股份有限公司 董事長 孫永才 中國 • 北京 2024年10月30日 於本公告日期，本公司的執行董事為孫永才先生、馬雲雙先生及王銨先生；非執行 董事為姜仁鋒先生；獨立非執行董事為史堅忠先生、翁亦然先生及魏明德先生。 | 股） 证券代码：601766（A 股票简称：中国中车（A | 股） | 编号：临 | 2024-038 | | --- | --- | --- | --- | | 证券代码： | | | | | 股） ...

Financial Performance - The company's operating revenue for Q3 2024 reached RMB 62,543,500, an increase of 12.22% compared to the same period last year[2] - Net profit attributable to shareholders was RMB 3,044,125, reflecting a growth of 13.11% year-on-year[2] - The net profit excluding non-recurring gains and losses was RMB 2,637,020, up 11.52% from the previous year[2] - Total revenue for the first three quarters of 2024 reached CNY 152.58 billion, an increase of 6.5% compared to CNY 143.04 billion in the same period of 2023[19] - Net profit for the first three quarters of 2024 was CNY 9.47 billion, up 18.1% from CNY 8.02 billion in the same period of 2023[19] - The company reported a comprehensive income total of CNY 9.57 billion for the first three quarters of 2024, an increase from CNY 8.09 billion in the same period of 2023[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 501,501,315, representing a 6.30% increase from the end of the previous year[3] - Total assets as of September 30, 2024, amounted to CNY 501.50 billion, up from CNY 471.79 billion at the end of 2023[17] - Total liabilities increased to CNY 297.69 billion, compared to CNY 275.27 billion at the end of 2023, reflecting a growth of 8.2%[17] - The company reported a decrease in total equity to CNY 100,915,012 thousand as of September 30, 2024, down from CNY 106,057,186 thousand at the end of 2023[24] Cash Flow - The cash flow from operating activities showed a net inflow of RMB 76,221,850, a significant improvement from a net outflow of RMB 39,920,000 in the same period last year[6] - Operating cash inflow for the first three quarters of 2024 reached CNY 167,250,303 thousand, an increase of 16.1% compared to CNY 144,006,571 thousand in the same period of 2023[22] - Net cash flow from operating activities was CNY 7,622,185 thousand, a significant improvement from a net outflow of CNY -3,992,206 thousand in the previous year[22] - The company experienced a net cash outflow from financing activities of CNY -8,903,448 thousand in the first three quarters of 2024, compared to a net inflow of CNY 1,223,771 thousand in the same period of 2023[23] Shareholder Information - The total equity attributable to shareholders was RMB 163,485,332, reflecting a 1.56% increase from the previous year[3] - As of the end of the reporting period, the total number of ordinary shareholders was 539,942, with the largest shareholder, CRRC Group, holding 14,587,578,250 shares, accounting for 50.83% of the total shares[10] - CRRC Group's total holdings, including A shares and H shares, amounted to 14,765,441,250 shares, representing approximately 51.45% of the company's total issued shares[13] - The company has not reported any changes in the participation of major shareholders in securities lending activities during the reporting period[14] Business Segments - The railway equipment business generated RMB 71,765,238 in revenue, a 36.69% increase year-on-year, driven by higher sales of multiple train types[8] - The company reported a decrease in the modern services business revenue by 49.03%, mainly due to a reduction in logistics and leasing services[9] Management and Strategy - The company appointed Ma Yunduo as president and several vice presidents on February 22, 2024, indicating a strategic shift in management[14] - The company plans to continue its strategic development and market expansion, focusing on enhancing shareholder value through share buybacks and management optimization[12][15] - The report emphasizes the importance of ongoing investor communication regarding the company's operational performance and strategic initiatives[14] Research and Development - Research and development expenses increased to CNY 9.70 billion, representing a rise of 21.6% compared to CNY 7.98 billion in the first three quarters of 2023[19] - Research and development expenses increased to CNY 322,670 thousand in the first three quarters of 2024, up from CNY 127,962 thousand in 2023, marking a rise of 152.5%[26] Cash and Investment Activities - Cash inflow from investment activities reached 23,501,046 thousand RMB, up from 18,640,975 thousand RMB in the previous year, reflecting a growth of approximately 26.5%[27] - The company received 16,641,841 thousand RMB from investment recoveries, an increase from 13,982,141 thousand RMB in the previous year[27] - The cash received from investment income was 6,859,205 thousand RMB, compared to 4,658,834 thousand RMB in the same period of 2023, marking a growth of approximately 47.2%[27] Accounting Standards - The company did not apply new accounting standards or interpretations for the year 2024[28]

证券代码：601766（A 股） 股票简称：中国中车（A 股） 编号：临 2024-040 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 关于收购中国外贸金融租赁有限公司 2.59%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"或"中国中车"）拟收购 中国中车集团有限公司（以下简称"中车集团"）持有的中国外贸金融租赁有限 公司（以下简称"外贸金租"）全部股权（约 2.59%）（以下简称"本次交易"）。 本次交易完成后，公司直接持有外贸金租 25.89%股权，中车集团不再直接持有 外贸金租股权。 中车集团系公司的控股股东，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。 除本次交易以外，过去 12 个月内公司与关联方之间发生的需累计计算 的关联交易共计 2 笔，分别为公司全资子公司天津中车机辆装备有限公司将所持 天津中车津浦产业园管理有限公司 49%股权，以非公开协议方式转让 ...

| 证券代码：601766（A | 股） | 股票简称：中国中车（A | 股） | 编号：临 | 2024-038 | | --- | --- | --- | --- | --- | --- | | 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 第三届董事会第二十八次会议决议公告 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"）第三届董事会第二十八次会议 于 2024 年 10 月 16 日以书面形式发出通知，于 2024 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 7 人，实到董事 7 人。公司监事、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。 会议由董事长孙永才先生主持，经过有效表决，会议形成以下决议： 一、审议通过《关于中国中车股份有限公司 2024 年第三季度报告的议案》。 同意 ...

| 证券代码：601766（A | 股） | 股票简称：中国中车（A | 股） | 编号：临 | 2024-039 | | --- | --- | --- | --- | --- | --- | | 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 第三届监事会第十四次会议决议公告 本公司监事会及全体监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"）第三届监事会第十四次会议于 2024 年 10 月 24 日以书面形式发出通知，于 2024 年 10 月 30 日以现场会议的方 式在北京召开。本次会议应到监事 3 人，实到监事 3 人。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。 本次会议由监事会主席赵虎先生主持，经过有效表决，会议形成以下决议： 一、审议通过了《关于中国中车股份有限公司 2024 年第三季度报告的议案》 同意公司 2024 年第三季度报告。 表决结果：同意票 3 票，反对票 0 票，弃权票 ...

呈交日期: 2024年9月30日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01766 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,371,066,040 | RMB | | 1 | RMB | | 4,371,066,040 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 4,371,066,040 | RMB | | 1 | RMB | | 4,371,066,040 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國中車股份有限公司 | 2. 股份 ...

中国中车股份有限公司 2024年半年度业绩说明会会议纪要 中国中车股份有限公司于2024年9月13日发布了"关于召开2024年半年度业 绩说明会的公告"，公司于2024年9月25日（星期三）下午16:00-17:00在上海证 券交易所上证路演中心（网址：https://roadshow.sseinfo.com/）以网络文字 互动方式召开了公司2024年半年度业绩说明会。 现将召开情况汇总如下： 3. 公司上半年净利润同比增长21.4%，请问全年业绩有什么样的预期？ 答：尊敬的投资者，感谢您对公司的关注。下半年，公司将继续把高质量发 展作为经营主线，突出科技创新引领、深化改革赋能，抓住机遇、克服困难，围 绕市场需求，积极抓好订单获取和执行，持续开展提质增效工作，努力达成全年 经营业绩的稳中有进。谢谢！ 4. 请问公司2024年上半年各个板块收入占比是多少？ 一、业绩说明会召开情况 2024年9月25日，公司董事长、执行董事孙永才先生，独立非执行董事翁亦 然先生，财务总监李铮女士，董事会秘书王健先生及其他相关工作人员出席了本 次业绩说明会。在互动交流环节，公司参会人员针对2024年半年度的经营成果及 财务状况等情 ...

证券代码：601766（A 股） 证券简称：中国中车（A 股） 公告编号：临 2024-037 证券代码： 1766（H 股） 证券简称：中国中车（H 股） 中国中车股份有限公司 关于召开 2024 年半年度业绩说明会的公告 会议召开方式：网络文字互动 投资者可于 2024 年 9 月 24 日（星期二）16:00 前登录上证路演中心网站 首页点击"提问预征集"栏目或通过公司邮箱 crrc@crrcgc.cc 进行提问。公司将 在业绩说明会上对投资者普遍关注的问题进行回答。 中国中车股份有限公司（以下简称"公司"）已于 2024 年 8 月 23 日收市后 发布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半年度经营成果、财务状况，公司计划于 2024 年 9 月 25 日（星期三）16:00-17:00 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络文字互动形式召开，公司将针对 2024 年半年度的经 营成果及财务状况等情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 二、说明会 ...

Investment Rating - The report assigns a "Buy" rating for China CRRC Corporation Limited (601766) for the first time [1]. Core Views - China CRRC is positioned as a global leader in rail transit equipment, benefiting from the recovery of railway fixed asset investment. The company has shown a turnaround in its performance with a revenue increase of 5.08% year-on-year in 2023, reaching 234.26 billion yuan, and a net profit of 11.71 billion yuan, reflecting a growth of 0.50% year-on-year [3][4]. Summary by Relevant Sections Revenue and Profit Forecast - The forecast for total revenue from 2022 to 2026 shows a steady increase, with expected revenues of 260.70 billion yuan in 2024, 278.04 billion yuan in 2025, and 290.84 billion yuan in 2026. The net profit is projected to grow to 13.82 billion yuan in 2024, 15.32 billion yuan in 2025, and 16.23 billion yuan in 2026 [2][7]. Railway Equipment Business - The railway equipment segment is expected to benefit from the recovery in demand for high-speed trains and maintenance services. The company anticipates that the demand for high-level repairs will peak between 2024 and 2026, with significant growth in the number of repair orders [4][12]. The demand for new trains is also expected to rise, with projections of 270 new train sets to be tendered in both 2024 and 2025 [4][12]. New Industries - The new industries segment, which includes wind power equipment, power semiconductors, and new materials, is expected to grow significantly. The synergy between various subsidiaries is anticipated to enhance overall growth, with a focus on electric drive systems for new energy vehicles [5][12]. Urban Rail and Infrastructure - The urban rail and infrastructure segment has faced short-term pressure but is expected to recover in the long term due to clear planning and increased passenger volumes. The gross profit margin for urban rail has improved from 19% in 2020 to 21% in 2023, indicating better operational quality [6][12]. Overall Business Performance - The overall business performance of China CRRC has shown stability and improvement, with a return to profit growth after a downturn during the pandemic. The company has effectively managed costs, leading to a recovery in profit margins [27][31]. The gross profit margin has stabilized around 21%, and the net profit margin has remained around 5% [31][32]. Market Data - As of the report date, the closing price of the stock is 6.74 yuan, with a market capitalization of approximately 193.43 billion yuan [9][10]. The price-to-earnings ratio is projected to decrease from 16.60 in 2022 to 11.92 by 2026, indicating potential for value appreciation [2][7].

Financial Performance - The company reported a total revenue of 28,698,864,088 RMB for the first half of 2024, reflecting a stable growth trend in the rail transportation equipment market[8]. - In the first half of 2024, the company achieved operating revenue of 90.04 billion RMB, an increase of 3.13% year-on-year, and a net profit attributable to shareholders of 4.20 billion RMB, up 21.40%[28]. - The operating cost increased by 0.62% year-on-year to 70.76 billion RMB, primarily due to the growth in railway equipment revenue[30]. - The railway equipment business revenue grew by 46.99% year-on-year, contributing significantly to the overall revenue increase[33]. - The company reported a stable operational performance with over 2 million kilometers of safe operation for the China-Laos railway, transporting over 5.5 million passengers, demonstrating positive social and economic benefits[26]. - The company signed new orders totaling approximately 140.1 billion RMB during the reporting period, with overseas orders accounting for about 29.8 billion RMB[33]. - The company’s cash flow from operating activities showed a significant improvement, with a net cash inflow of 1.85 billion RMB compared to a net outflow in the previous year[29]. Market and Business Strategy - The company is actively deepening strategic cooperation with key clients such as the China National Railway Group, enhancing its integrated advantages in manufacturing, repair, and service[11]. - The global economic outlook is improving, with a stable growth trend in market demand for rail transportation equipment driven by the dual carbon strategy and green energy transition[9]. - The company is transitioning towards a "manufacturing + service" model, optimizing its business structure to provide more valuable products and services[9]. - The urban rail and infrastructure business focuses on urban rail vehicles, transportation planning, and electromechanical system integration, aiming to enhance competitiveness and expand both domestic and international markets[13]. - The international business strategy includes expanding into international markets for rail transportation and new industries, emphasizing local manufacturing and procurement[16]. - The company is focusing on the development of new energy vehicles and related components as part of its emerging industry strategy[19]. Innovation and Technology - The company emphasizes the importance of technological innovation, product innovation, service innovation, and business model innovation to meet advanced and intelligent green development needs in the railway sector[11]. - The company is advancing digitalization, intelligence, and sustainability in its product and system development, enhancing lifecycle solution capabilities[13]. - The company achieved significant technological advancements, with the "Fuxing" high-speed train project winning the National Science and Technology Progress Award, and seven new energy locomotives launched globally, achieving low-carbon and high-efficiency operations[25]. - The company has launched a new flexible green hydrogen production system, marking a significant advancement in hydrogen energy applications in rail transit[25]. - The company continues to enhance its research and development capabilities, with 11 national-level R&D institutions and 22 nationally recognized enterprise technology centers[25]. Risks and Challenges - The report includes a risk statement highlighting strategic, market, product quality, exchange rate, overseas operation, and industry structure adjustment risks[2]. - The company faces strategic risks due to increasing user demands for higher efficiency and comprehensive solutions in the railway transport sector[57]. - Market competition has intensified with the entry of social capital into the rail transport equipment sector, leading to structural adjustments in market demand[58]. - The company is exposed to exchange rate risks due to increased international operations, which may lead to foreign exchange losses[60]. - Structural overcapacity issues persist in the rail transit sector, despite ongoing business restructuring and industrial adjustments, leading to challenges in integration and synergy[62]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[2]. - The company has committed to avoiding competition with Times Electric, ensuring that it will grant purchase options and priority purchase rights to Times Electric for any competitive services it engages in[71]. - The commitment to maintain independence from CRRC has been reaffirmed, ensuring that the company will not interfere with CRRC's operations or decision-making processes[73]. - The company has pledged to regulate related party transactions, minimizing or avoiding transactions with CRRC and ensuring fair pricing based on independent third-party standards[73]. - The company strictly adhered to corporate governance regulations, enhancing operational management levels during the reporting period[68]. Shareholder Information - The total number of ordinary shareholders reached 575,311, with 573,176 A-share holders and 2,135 H-share holders as of the reporting period[85]. - The top five customers accounted for 54.33% of total sales, with the largest customer, China National Railway Group, contributing 47.54% of total sales[35]. - The top ten shareholders hold a total of 14,587,578,250 shares, representing 50.83% of the total shares[86]. - CRRC Group holds a total of 14,765,441,250 shares, accounting for approximately 51.45% of the company's total issued shares[88]. Financial Position and Assets - The total assets as of June 30, 2024, are RMB 479,499,893,000, an increase from RMB 471,791,735,000 as of December 31, 2023[95]. - The total liabilities as of June 30, 2024, amounted to RMB 279,593,282 thousand, compared to RMB 275,268,420 thousand at the end of 2023, reflecting a slight increase[96]. - The company’s cash and cash equivalents decreased to RMB 4,307,176 thousand as of June 30, 2024, down from RMB 16,888,480 thousand at the end of 2023[97]. - The company has established a comprehensive procurement model, ensuring timely supply of production materials and reducing procurement costs through centralized purchasing on the "CRRC Purchase" e-commerce platform[22]. Research and Development - Research and development expenses amounted to approximately 6.04 billion RMB, representing 6.70% of the operating revenue for the period[37]. - The company has committed to enhancing product quality and safety standards to mitigate risks associated with product quality and safety concerns[59]. - The company is actively integrating resources and promoting the development of "product+" and "system+" business models[14]. Mergers and Acquisitions - The company aims to enhance its market position through strategic mergers and acquisitions, leveraging its combined assets and capabilities[106]. - The company has undergone a merger with China North Locomotive and Rolling Stock Industry Group, enhancing its market position[107].