CRRC Corporation (CRRC) announced on August 23, 2024, according to the new accounting standards issued and revised by the Ministry of Finance, the company has implemented new accounting policy changes. This change mainly involves the classification of current liabilities and non-current liabilities, as well as the reporting method of warranty expenses. The company states that these accounting policy changes have not had a significant impact on the company's financial position and operating results. According to the new policy, the company has made retrospective adjustments to the consolidated income statement for the first six months of 2024 and 2023. After adjustment, the cost of goods sold for the first six months of 2024 increased by approximately 1,393,954 thousand yuan, while selling expenses decreased correspondingly. The cost of goods sold and selling expenses for the first six months of 2023 were adjusted to increase by approximately 1,460,837 thousand yuan and decrease by approximately 1,460,837 thousand yuan respectively.

CRRC Corporation (CRRC) announced on August 23, 2024, according to the new accounting standards issued and revised by the Ministry of Finance, the company has implemented new accounting policy changes. This change mainly involves the classification of current liabilities and non-current liabilities, as well as the reporting method of warranty expenses. The company states that these accounting policy changes have not had a significant impact on the company's financial position and operating results. According to the new policy, the company has made retrospective adjustments to the consolidated income statement for the first six months of 2024 and 2023. After adjustment, the cost of goods sold for the first six months of 2024 increased by approximately 1,393,954 thousand yuan, while selling expenses decreased correspondingly. The cost of goods sold and selling expenses for the first six months of 2023 were adjusted to increase by approximately 1,460,837 thousand yuan and decrease by approximately 1,460,837 thousand yuan respectively.