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 ...

Financial Performance - The company's operating revenue for Q3 2025 reached CNY 64,106,958 thousand, a 2.50% increase compared to CNY 62,543,500 thousand in the same period last year[5]. - Net profit attributable to shareholders decreased by 10.70% to CNY 2,718,596 thousand from CNY 3,044,125 thousand year-on-year[5]. - The net profit excluding non-recurring gains and losses was CNY 2,434,557 thousand, down 7.68% from CNY 2,637,020 thousand in the previous year[5]. - Total revenue reached RMB 166.99 billion, with revenue from passenger vehicles at RMB 60.00 billion, high-speed trains at RMB 526.16 billion, and freight vehicles at RMB 124.01 billion[13]. - The net profit attributable to shareholders of the parent company was RMB 9.96 billion, up 37.5% from RMB 7.25 billion in the previous year[25]. - Net profit for the first three quarters of 2025 was 3,063,637 thousand RMB, compared to 650,414 thousand RMB in the same period of 2024, reflecting a strong growth in profitability[35]. Revenue Breakdown - Revenue from the railway equipment business increased by 22.23% to CNY 87,716,558 thousand, driven by higher sales of high-speed trains[12]. - The new industry segment reported a revenue increase of 31.91%, reaching CNY 66,096,775 thousand compared to CNY 50,105,800 thousand last year[12]. - Revenue from urban rail and infrastructure business decreased by 3.99% year-on-year, primarily due to a reduction in urban infrastructure income[13]. - New industry business revenue increased by 31.91% year-on-year, mainly driven by higher clean energy equipment sales[13]. - Modern service business revenue grew by 20.15% year-on-year, attributed to an increase in service-related income[13]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 569,815,152 thousand, reflecting an 11.11% increase from CNY 512,823,630 thousand at the end of the previous year[5]. - The total assets as of September 30, 2025, amounted to RMB 569.82 billion, compared to RMB 512.85 billion at the end of 2024, reflecting a growth of 11.1%[22]. - The company's total liabilities increased to RMB 357.48 billion, up from RMB 302.60 billion, representing a rise of 18.1%[23]. - The company’s total equity decreased to 99,525,297 thousand RMB as of September 30, 2025, from 105,651,187 thousand RMB at the end of 2024[33]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 11,527,861 thousand, compared to a net inflow of CNY 7,622,185 thousand in the same period last year[5][12]. - Operating cash flow for the first three quarters of 2025 was -11,527,861 thousand RMB, compared to 7,545,223 thousand RMB in the same period of 2024, indicating a significant decline[29]. - The cash and cash equivalents decreased to RMB 46.24 billion from RMB 67.51 billion, a decline of 31.5%[22]. - The cash and cash equivalents at the end of the third quarter of 2025 amounted to 6,057,676 thousand RMB, up from 5,201,592 thousand RMB in 2024, indicating a positive cash position[37]. - The total cash outflow from operating activities was 705,914 thousand RMB in 2025, slightly lower than 731,434 thousand RMB in 2024, indicating better cost control[37]. Investment and Financing Activities - The company’s investment income increased by approximately 35.79% year-on-year, attributed to higher returns from joint ventures[11]. - The company issued short-term financing bonds totaling RMB 14 billion in five tranches during the first nine months of 2025[21]. - Cash inflow from investment activities in the first three quarters of 2025 was 39,467,176 thousand RMB, significantly higher than 23,501,046 thousand RMB in 2024, reflecting a strong investment recovery[37]. - The net cash flow from financing activities was -1,239,029 thousand RMB in 2025, an improvement from -16,186,664 thousand RMB in 2024, showing better management of financing outflows[37]. Research and Development - Research and development expenses for the first three quarters of 2025 were RMB 10.82 billion, an increase of 11.5% from RMB 9.70 billion in the same period last year[25]. - Research and development expenses for the first three quarters of 2025 were 258,469 thousand RMB, down from 322,670 thousand RMB in the same period of 2024, indicating a reduction in R&D spending[35].

中国中车公告，2025年第三季度实现营业收入641.07亿元，同比增长2.5%；净利润27.19亿元，同比下 降10.7%。前三季度实现营业收入1838.65亿元，同比增长20.49%；净利润99.64亿元，同比增长 37.53%。 ...

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 份有限公司關於召開2025年第三季度業績說明會的公告》，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 2025年10月27日 於本公告日期，本公司的執行董事為孫永才先生及王銨先生；獨立非執行董事為王 西峰先生、魏明德先生、楊家義先生及張振戎先生；非執行董事為范冰先生；職工 董事為易冉女士。 证券代码：601766（A 股） 证券简称：中国中车（A 股） 公告编号：2025-047 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 ...

证券代码：601766（A 股） 证券简称：中国中车（A 股） 公告编号：2025-047 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 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本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： 会议召开时间：2025 年 11 月 5 日（星期三） 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow. sseinfo.com/） 会议召开方式：网络文字互动 投资者可于 2025 年 11 月 4 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。 （二）会议召开地点：上海证券交易所上证路演中心（网址：https://road 1 show.sseinfo.com/） （三）会议召开方式：网络文字互动 三、 参加人员 公司董事长、执行董事孙永才先生，独 ...

Core Points - The meeting between the Secretary of the Provincial Party Committee and the Chairman of CRRC Group highlights the importance of collaboration for economic development in Wuhan [3][4] - CRRC Group is recognized as a leading global manufacturer in rail transit equipment, with strong technical capabilities and industry influence [3] - The focus is on enhancing investment in Wuhan, expanding cooperation in key technologies, and promoting the development of high-end manufacturing, new energy, new materials, and rail transit industries [3][4] Summary by Sections - **Meeting Overview** - The Secretary of the Provincial Party Committee and the Mayor of Wuhan welcomed the delegation from CRRC Group and expressed gratitude for their contributions to Wuhan's economic development [3] - **Strategic Importance of CRRC Group** - CRRC Group is acknowledged for its significant role in the rail transit equipment manufacturing sector, with a comprehensive product range and strong technological strength [3] - **Future Collaboration** - There is a strong emphasis on CRRC Group's commitment to deepen cooperation with Wuhan, focusing on digitalization, intelligent upgrades in shipping, and clean energy development [4] - **Support from Local Government** - The local government aims to optimize the business environment and provide high-quality services to facilitate the growth of enterprises in Wuhan [3]

Core Viewpoint - China CRRC (01766) saw its stock price increase by 3.94% to HKD 6.60, with a trading volume of HKD 77.95 million, indicating positive market sentiment ahead of its upcoming board meeting to discuss Q3 performance [1] Group 1: Company Performance - China CRRC plans to hold a board meeting on October 30 to consider and approve its performance for the first three quarters [1] - The company and its subsidiaries have recently signed several significant contracts, totaling approximately HKD 543.4 billion, primarily for the period from July 2025 to September 2025 [1] Group 2: Industry Outlook - According to a report by Galaxy Securities, the National Railway Group's "New Era Transportation Power Railway First Planning Outline" indicates that by 2035, the national railway network is expected to reach around 200,000 kilometers, with high-speed rail accounting for about 70,000 kilometers [1] - The report suggests that an average of new high-speed rail lines will need to be added annually from 2025 to 2035 to meet this target [1]

Core Viewpoint - The stock of China CNR Corporation Limited (01766.HK) has seen an increase of over 4% on October 21, reaching a price of 6.63 HKD with a trading volume of 56.939 million HKD [1] Summary by Category - **Stock Performance** - China CNR Corporation Limited's stock rose by 4.41% to 6.63 HKD [1] - The trading volume was reported at 56.939 million HKD [1]