China Central Vehicles Co., Ltd. (“China Central Cars”) has issued its first quarter report for 2024, which is unaudited. The report showed that the company's operating income fell slightly by 0.60%, but net profit attributable to shareholders of listed companies increased by 63.86% and net profit excluding non-recurring losses increased by 228.08%. Basic earnings per share and diluted earnings per share both achieved growth of 100.00%. Net cash flow generated by operating activities was converted from net outflows in the same period last year to net inflows for the current reporting period of $144.88 million. The total assets of the company and the shareholders' equity belonging to the shareholders of the listed company decreased slightly and increased, respectively. During the reporting period, revenue from...Show More

China Central Vehicles Co., Ltd. (“China Central Cars”) has issued its first quarter report for 2024, which is unaudited. The report showed that the company's operating income fell slightly by 0.60%, but net profit attributable to shareholders of listed companies increased by 63.86% and net profit excluding non-recurring losses increased by 228.08%. Basic earnings per share and diluted earnings per share both achieved growth of 100.00%. Net cash flow generated by operating activities was converted from net outflows in the same period last year to net inflows for the current reporting period of $144.88 million. The total assets of the company and the shareholders' equity belonging to the shareholders of the listed company decreased slightly and increased, respectively. During the reporting period, revenue from China's railway equipment business increased significantly, while revenues from the Urban Rail and Urban Infrastructure business, New Industry Business and Modern Services business declined. The members of the Company's Board of Directors include Executive Directors Mr. Sun Yongchai, Mr. Ma Yun-Shuang and Mr. Wang Amon, Non-Executive Director Mr. Jiang Renfeng, as well as Independent Non-Executive Directors Mr. Shi Kin Chung, Mr. Wong Yiyan and Mr. Wei Mingde. MR. SUN YONGCHAI IS THE COMPANY'S CHAIRMAN AND SIGNED THE QUARTERLY REPORT ON APRIL 29, 2024.