Zheng Quan Ri Bao·2025-10-30 23:05Core Viewpoint - The company reported a revenue increase of 14.86% year-on-year for the third quarter of 2025, reaching RMB 18.83 billion compared to RMB 16.39 billion in the same period last year [6][10]. Financial Data Summary - The company achieved a total revenue of RMB 25,813.38 million for the year 2024, with total assets amounting to RMB 58,912.91 million and net assets of RMB 22,668.87 million, resulting in a net profit of RMB 1,511.45 million [14]. - As of September 30, 2025, the company had 21,458 A-share shareholders and 1,020 H-share shareholders [6]. Related Party Transactions - The company has entered into a framework agreement with China CRRC Group Co., Ltd. for mutual supply of products and services from 2026 to 2028, with expected transaction amounts exceeding RMB 30 million, requiring shareholder approval [12][13]. - The independent directors confirmed that the related party transactions are based on a long-term business relationship and do not harm the interests of minority shareholders [12][18].