CRRC Corporation Limited has reviewed and approved the financial report for the first half of 2024, ending on June 30, 2024. The report follows the enterprise accounting standards issued by the Ministry of Finance of China and is presented in Chinese Renminbi. The report covers the financial condition, operational performance, equity changes, and cash flow of CRRC Corporation and its subsidiaries. The total revenue for the first half of the year was 90,393.5 million yuan, and the net profit attributable to shareholders was 4,208.27 million yuan. As of June 30, 2024, the total assets were 479,498.93 million yuan, the total liabilities were 279,593.28 million yuan, and the equity attributable to the shareholders of the parent company was 160,389.89 million yuan. The report also includes detailed information about the company's...Show More

CRRC Corporation Limited has reviewed and approved the financial report for the first half of 2024, ending on June 30, 2024. The report follows the enterprise accounting standards issued by the Ministry of Finance of China and is presented in Chinese Renminbi. The report covers the financial condition, operational performance, equity changes, and cash flow of CRRC Corporation and its subsidiaries. The total revenue for the first half of the year was 90,393.5 million yuan, and the net profit attributable to shareholders was 4,208.27 million yuan. As of June 30, 2024, the total assets were 479,498.93 million yuan, the total liabilities were 279,593.28 million yuan, and the equity attributable to the shareholders of the parent company was 160,389.89 million yuan. The report also includes detailed information about the company's accounting policies, significant accounting estimates, and financial instruments, as well as explanations of deferred tax assets/liabilities, leases, revenue recognition, contract costs, and employee compensation. The report is unaudited. In terms of leases, CRRC Corporation has simplified the accounting treatment for short-term leases and leases of low-value assets, and has chosen not to recognize the right-of-use assets and lease liabilities of short-term leases and low-value assets such as buildings, machinery, transportation vehicles, and office equipment.