CRRC (01766) surged over 5% following its earnings announcement. As of press time, the stock was up 5.37% to HK$6.47, with trading volume reaching HK$87.73 million.

On the news front, CRRC released its interim results for 2025 on August 22nd, reporting operating revenue of RMB 119.76 billion, representing a year-over-year increase of 32.99%. Net profit attributable to listed company shareholders reached RMB 7.246 billion, up 72.48% year-over-year, with basic earnings per share of RMB 0.25.

During the period, operating revenue increased by 32.99% compared to the same period last year, primarily driven by growth in railway equipment and new industry revenues. The business segments accounted for the following proportions of total revenue: railway equipment business 49.86%, urban rail and urban infrastructure business 14.53%, new industry business 34.01%, and modern service business 1.60%.

Railway equipment business revenue increased by 42.21% compared to the same period last year, mainly due to revenue growth from electric multiple units (EMU) and freight car businesses. Operating costs rose by 37.69% year-over-year, primarily following the increase in operating revenue. Due to different product types, cost growth was lower than revenue growth.

During the reporting period, the company secured new orders of approximately RMB 146 billion, including overseas orders of approximately RMB 30.9 billion.