智通财经网·2026-03-30 02:11Core Viewpoint - China CRRC (01766) experienced a decline of over 7% following its annual performance report, with a current drop of 6.67%, trading at HKD 4.9 and a transaction volume of HKD 86.41 million [1] Financial Performance - In 2025, China CRRC achieved operating revenue of CNY 273.06 billion, representing a year-on-year increase of 10.79% [1] - The company reported a net profit attributable to shareholders of CNY 13.18 billion, up 6.40% year-on-year [1] - For the fourth quarter, the main operating revenue was CNY 89.20 billion, showing a year-on-year decline of 4.99% [1] - The net profit attributable to shareholders for the fourth quarter was CNY 3.22 billion, down 37.45% year-on-year [1] Business Segments - In 2025, the railway equipment business generated revenue of CNY 123.61 billion, an increase of 11.90% year-on-year, driven by growth in the high-speed train and locomotive sectors [1] - Revenue from urban rail and infrastructure business was CNY 42.09 billion, a decrease of 7.37% year-on-year, primarily due to reduced income from urban rail vehicles [1] Analyst Forecasts - Everbright Securities has revised its forecast for the net profit attributable to shareholders for 2026 and 2027 down by 3% each, estimating CNY 14.30 billion and CNY 15.39 billion respectively [1]