Core Viewpoint - China CRRC achieved a net profit attributable to shareholders of 7.246 billion yuan in the first half of the year, representing a year-on-year increase of 72% [1] Financial Performance - In Q2 2025, the net profit attributable to shareholders was 4.193 billion yuan, showing a year-on-year increase of 31% and a quarter-on-quarter increase of 37% [1] - For H1 2025, revenue from railway equipment reached 59.706 billion yuan, up 42% year-on-year, driven by the positive development of domestic railway passenger and freight transport, as well as railway construction [1] - Urban rail business revenue was 17.402 billion yuan, reflecting a year-on-year increase of 6%, aligning with initial expectations [1] - New industries generated revenue of 40.733 billion yuan, a year-on-year increase of 36%, benefiting from the growth in orders for clean energy equipment such as wind power and energy storage [1] - Modern services revenue was 1.917 billion yuan, up 16% year-on-year [1] Market Outlook - The China National Railway Group's bidding this year has already surpassed the total amount for 2024, indicating continued optimism for the rail transit industry [1] Shareholder Returns - The company emphasizes shareholder returns, with a high interim dividend payout ratio. It plans to distribute a cash dividend of 3.157 billion yuan (before tax), accounting for 43.57% of the net profit attributable to shareholders for H1 2025 [1] Rating - The company maintains an "overweight" rating [1]

中期報告 2025 重要提示 公司擬以實施權益分派股權登記日（具體日期將在權益分派實施公告中明確）登記的總股本為基數，向全體股東派發現 金紅利。截至 2025 年 6 月 30 日，公司總股本為 28,698,864,088 股，以此為基數按每股派發人民幣 0.11 元（含稅）的現 金紅利計算，合計擬派發現金紅利人民幣 31.57 億元（含稅）。如在公司利潤分配方案公告披露之日起至實施權益分派 股權登記日期間，因可轉債轉股╱回購股份╱股權激勵授予股份回購註銷╱重大資產重組股份回購註銷等致使公司 總股本發生變動的，公司擬維持分配總額不變，相應調整每股分配比例。如後續總股本發生變化，將另行公告具體 調整情況。該利潤分配預案尚需經股東會審議通過。 六、 前瞻性陳述的風險聲明 本報告存在一些基於對未來政策和經濟走勢的主觀假設和判斷而做出的預見性陳述，受諸多可變因素影響，實際結 果或趨勢可能會與這些預見性陳述出現差異。 本報告中所涉及的未來計劃、發展戰略等前瞻性描述，不構成公司對投資者的實質承諾，敬請投資者注意投資風險。 公司存在的風險因素主要有戰略風險、市場風險、產品質量風險、匯率風險、境外經營風險、產業結構調整風險 ...

Investment Rating - The report maintains a "Buy" rating for the company, with an expected relative increase in stock price of over 20% within the next six months [10]. Core Insights - The company reported significant growth in its first half of 2025, achieving revenue of 1197.58 billion yuan, a year-on-year increase of 33%, and a net profit attributable to shareholders of 72.46 billion yuan, up 72% year-on-year [3][4]. - The company’s four main business segments all experienced positive growth, with the railway equipment segment showing the fastest growth at over 40% year-on-year [3]. - The company signed new orders worth approximately 1460 billion yuan in the first half of 2025, a 4.2% increase year-on-year, indicating a strong demand in the rail transit industry [4]. Financial Performance - The company’s revenue is projected to grow to 2773.87 billion yuan in 2025, with a year-on-year growth rate of 12.55%, and net profit is expected to reach 144.63 billion yuan, reflecting a 16.76% increase [5][8]. - The earnings per share (EPS) is forecasted to increase from 0.43 yuan in 2024 to 0.50 yuan in 2025 [8][9]. - The company plans to distribute cash dividends of 31.57 billion yuan, accounting for 43.57% of its net profit for the first half of 2025, highlighting its commitment to shareholder returns [4].

Core Viewpoint - China CRRC Group's chairman Sun Yongcai met with Kazakhstan's President Tokayev and signed a cooperation agreement with Kazakhstan National Railway Company for future project collaboration [1] Group 1: Meeting and Agreements - The meeting included discussions on practical cooperation in rail transportation and clean energy equipment, aiming to deepen collaboration between the two countries [1] - The cooperation agreement was signed in the presence of President Tokayev, highlighting the importance of the partnership [1] Group 2: Strategic Initiatives - The discussions focused on implementing the important consensus reached by the leaders of both countries [1] - The initiative aims to promote high-quality construction of the "Belt and Road" initiative [1]

Group 1 - The company will hold its second extraordinary general meeting of shareholders in 2025 on September 22, 2025, at 14:00 in Beijing [2][5] - The voting method for the meeting will combine on-site voting and online voting through the Shanghai Stock Exchange's system [5][6] - The meeting will review several special resolutions that require more than two-thirds of the valid voting shares to pass [6][7] Group 2 - The online voting system will be available from 9:15 to 15:00 on the day of the meeting, with specific time slots for trading system voting [2][5] - Shareholders must register to attend the meeting by September 16, 2025, and can delegate their voting rights to a representative [13][14] - The company will provide a reminder service for small and medium-sized investors to ensure they can participate in the voting process [8][9] Group 3 - The company will also hold a half-year performance briefing on September 9, 2025, from 16:00 to 17:00, via the Shanghai Stock Exchange's online platform [24][26] - The briefing will focus on the company's operational results and financial status for the first half of 2025, allowing for interactive communication with investors [25][27] - Investors can submit questions in advance through the designated online platform or via email [27][28]

Core Viewpoint - China CNR announced that it will hold the second extraordinary general meeting of shareholders on September 22, 2025, to review the proposal to cancel the supervisory board and amend related articles [2] Group 1 - The extraordinary general meeting is scheduled for September 22, 2025 [2] - The agenda includes the review of the proposal to cancel the supervisory board [2] - The announcement was made on the evening of September 1 [2]

Group 1 - The company, CRRC, announced that it will hold its 2025 semi-annual performance briefing on September 9, 2025 [2]

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年半年度業績說明會的公告》，僅供參閱。 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；獨立非執行董事為史 堅忠先生、翁亦然先生及魏明德先生；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：临 2025-037 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 2025 年半年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 ...

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 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: 2025年8月31日 狀態: 新提交 呈交日期: 2025年9月1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 | | 2. 股份分 ...

EF001 免責聲明 | 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。 | 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 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國中車股份有限公司 | | 股份代號 | 01766 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月中期股息（更新） | | 公告日期 | 2025年8月22日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 更新股東批准日期、除净日、暫停辦理股份過戶登記手續之日期及記錄日期 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.11 RMB | | 股東批准日期 | 2025年9月22日 | | 香港過戶登記處相關信息 ...