Shang Hai Zheng Quan Bao·2025-08-22 21:12Core Insights - China CRRC reported a significant increase in net profit by 72.48% year-on-year, reaching 7.246 billion RMB in the first half of 2025, driven by strong revenue growth and new orders [3] - The company achieved total revenue of 119.758 billion RMB, marking a 32.99% increase compared to the previous year, with new orders totaling approximately 146 billion RMB, including 30.9 billion RMB from overseas [3] - The railway equipment business remains the largest revenue contributor, accounting for 49.86% of total revenue, followed by new industries at 34.01% [3][4] Revenue Breakdown - The railway equipment business saw a revenue increase of 42.21% year-on-year, generating 59.706 billion RMB [4] - New industries, particularly in clean energy equipment, reported a revenue increase of 35.59%, totaling 40.733 billion RMB [4][5] - The company’s revenue composition includes railway equipment (49.86%), urban rail and infrastructure (14.53%), new industries (34.01%), and modern services (1.60%) [3] Strategic Developments - China CRRC is focusing on optimizing its layout and structural adjustments, enhancing its position in the rail transit equipment industry [3] - The company is expanding its new industries, which include wind power equipment, new materials, and other emerging sectors such as solar energy and hydrogen [5] - A total of 69.4 billion RMB was invested in R&D during the reporting period, representing 5.79% of total revenue, with 1,630 new patent applications filed [5]