Zhi Tong Cai Jing·2025-11-04 04:02Core Viewpoint - China CNR Corporation (01766) experienced a nearly 3% increase in stock price, with a reported net profit growth of 37.53% year-on-year for the first three quarters of 2025, indicating strong performance and potential benefits from industry growth [1] Financial Performance - The company reported operating revenue of approximately 183.87 billion yuan, representing a year-on-year increase of 20.49% [1] - The net profit attributable to shareholders was approximately 9.96 billion yuan, reflecting a year-on-year growth of 37.53% [1] - Basic earnings per share were reported at 0.35 yuan [1] Revenue Breakdown - Revenue contributions from various business segments include: - Railway equipment business: 47.71% - Urban rail and municipal infrastructure business: 14.84% - New industry business: 35.95% - Modern service business: 1.50% [1] Industry Outlook - Huatai Securities' research report indicates that the delivery pace of high-speed trains in the first half of the year was rapid, leading to a slowdown in revenue and profit growth in the third quarter [1] - The report anticipates that the rail transit equipment industry will maintain a steady upward trend in new high-speed trains and advanced repairs, positioning China CNR as a key beneficiary of ongoing industry prosperity [1]