China Railway Construction Heavy Industry Profit Down 5%, Revenue Ticks Up 0.2%

Revenue grew 13.4% to RMB24.91 billion and net profit rose 21.8% to RMB3.70 billion, driven by strong rail transit and emerging equipment segments, robust R&D, and enhanced margins. The company maintained market leadership, expanded in new energy and semiconductors, and proposed a 36.98% dividend payout.

Original document: Zhuzhou CRRC Times Electric Co., Ltd. Class A [688187] Annual Report — Mar. 28 2025

Zhuzhou CRRC Times Electric's attributable profit rose 22% to 3.70 billion yuan in 2024 from 3.04 billion yuan, after adjustments, in 2023, according to a Thursday filing with the Hong Kong Exchange.

Basic earnings per share at the Chinese train manufacturer increased to 2.62 yuan from 2.15 yuan in the previous year.

Total operating revenue grew 13% to 24.9 billion yuan from 22 billion yuan a year earlier.

Zhuzhou CRRC Times Electric has canceled 37,313,100 H shares the company repurchased between Dec. 17, 2024, and Feb. 20, 2025, on Wednesday, a same-day Hong Kong bourse filing said.

The train manufacturer had previously canceled 4,887,300 H shares bought back between Dec. 12 and Dec. 16, 2024, in the same month.

Following the cancellation, the company's total number of issued shares will be reduced to 1,369,339,712 shares, comprising 500,432,200 H shares and 868,907,512 A shares.