CRRC (HKG:1766, SHA:601766) recorded a 203% rise in attributable profit in the first quarter to 3.05 billion yuan from 1.01 billion yuan a year prior, a Tuesday filing with the Hong Kong bourse said.

Earnings per share rose to 0.11 yuan in the three months from 0.04 yuan in the same period last year.

The firm's revenue rose 51% to 48.7 billion yuan from 32.2 billion yuan previously, mainly due to higher revenue from railway equipment.

The Chinese rolling stock manufacturer attributed the higher profit mainly to a year-over-year rise in sales.