CRRC Times Electric, a subsidiary of CRRC Corporation Limited, announced its unaudited financial report for the third quarter of 2024. The report shows that as of September 30, 2024, the revenue reached approximately 5.973 billion RMB, an increase of 8.10% year-on-year. The revenue from the beginning of the year to the end of the reporting period reached approximately 16.256 billion RMB, a year-on-year increase of 15.33%. The net profit attributable to shareholders of the listed company was approximately 0.994 billion RMB, an increase of 10.61% year-on-year, and the net profit after deducting non-recurring gains and losses was approximately 0.889 billion RMB, an increase of 18.27% year-on-year. The basic earnings per share were 0.70 yuan, an increase of 9.37% compared to the same period last...Show More

CRRC Times Electric, a subsidiary of CRRC Corporation Limited, announced its unaudited financial report for the third quarter of 2024. The report shows that as of September 30, 2024, the revenue reached approximately 5.973 billion RMB, an increase of 8.10% year-on-year. The revenue from the beginning of the year to the end of the reporting period reached approximately 16.256 billion RMB, a year-on-year increase of 15.33%. The net profit attributable to shareholders of the listed company was approximately 0.994 billion RMB, an increase of 10.61% year-on-year, and the net profit after deducting non-recurring gains and losses was approximately 0.889 billion RMB, an increase of 18.27% year-on-year. The basic earnings per share were 0.70 yuan, an increase of 9.37% compared to the same period last year. The total research and development expenditure was approximately 0.615 billion RMB, accounting for 10.30% of the revenue, an increase of 1.82 percentage points compared to the same period last year. As of the end of the reporting period, the total assets of the company were approximately 63.22 billion RMB, an increase of 18.38% from the end of the previous year, and the owner's equity attributable to shareholders of the listed company was approximately 40.541 billion RMB, an increase of 9.97%. The company did not undergo an audit during the reporting period. The board of directors and all directors guarantee that the contents of the report are true, accurate, and complete, with no false records, misleading statements, or significant omissions.