Zheng Quan Ri Bao·2025-04-29 23:29Core Viewpoint - The company, Zhuzhou CRRC Times Electric Co., Ltd., has announced its first quarter financial results for 2025, showing a revenue increase and plans for restructuring its subsidiary, Zhuzhou CRRC Times Semiconductor Co., Ltd. [3][9][20] Financial Performance - The company achieved a revenue of 4.537 billion yuan in the first quarter of 2025, representing a year-on-year growth of 14.81% compared to 3.951 billion yuan in the same period last year [6][20]. - The financial report for the first quarter of 2025 has not been audited [3][7]. Shareholder Information - As of the end of the reporting period, the total number of A-share shareholders is 23,496, and the number of H-share registered shareholders is 1,035 [5]. Subsidiary Restructuring - The company plans to restructure its subsidiary, Zhuzhou CRRC Times Semiconductor Co., Ltd., into a joint-stock company to enhance governance and operational efficiency [9][13]. - The restructuring will not affect the company's consolidated financial statements, and the holding ratio will remain unchanged post-restructuring [13]. Board and Governance Changes - The company has adjusted the composition of its board committees to improve governance and decision-making processes [16][17]. - The adjustments include changes in committee memberships but do not affect the overall structure of the board [17]. Future Plans - The company has approved a three-year dividend return plan for shareholders from 2025 to 2027, which will be submitted for shareholder meeting approval [23].