Zhuzhou CRRC Times Electric (Stock Code: 3898, 688187) Releases 2025 Third Quarterly Results

Bulletin Express
2025/10/30

Zhuzhou CRRC Times Electric Co., Ltd. disclosed its unaudited financial figures for the third quarter of 2025. According to the announcement, revenue for the first three quarters reached RMB18.83 billion, reflecting a 14.86% year-on-year increase. During the same period, net profit attributable to shareholders stood at RMB2.72 billion, up 10.85% year-on-year.

In the third quarter alone, revenue amounted to RMB6.62 billion, rising 9.58% compared to the same period in 2024. Net profit attributable to shareholders in the quarter reached RMB1.05 billion, marking a 7.69% increase year-on-year. After deducting non-recurring items, net profit attributable to shareholders recorded a more pronounced increase of 22.45% year-on-year.

From January through September 2025, the company's rail transit equipment segment generated RMB10.305 billion in revenue, while emerging equipment products reached RMB8.426 billion, boosted by steady growth in new energy vehicle electric drive systems, new energy power generation, and industrial converters. Net cash flow from operating activities rose substantially to RMB2.12 billion, a year-on-year increase of 303.02%.

Research and development expenses totaled RMB1.97 billion for the first three quarters of 2025, up 22.06% year-on-year, maintaining focus on core technologies. The announcement indicated that total assets stood at RMB69.55 billion as of 30 September 2025, with total owners’ equity at RMB44.55 billion.

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