CRRC FY2025 Revenue Rises 10.79% to RMB 273.06 Billion; R&D Spend Hits RMB 18.16 Billion as Low-Carbon Push Intensifies

Bulletin Express
Apr 16

CRRC released its FY2025 sustainability report, highlighting a solid rebound in core financials alongside accelerated investment in green and digital technologies.

Revenue and Profitability • Operating revenue climbed 10.79% year-on-year to RMB 273.06 billion, while total profit grew 10.82% to RMB 19.32 billion. • Total assets expanded to RMB 550.77 billion.

Heavy Investment in Innovation • R&D expenditure increased 8.86% to RMB 18.16 billion, representing 6.65% of revenue. • The company held 32,919 authorised patents by year-end, including 19,530 invention patents.

Green Transition Metrics • Operational greenhouse-gas emissions fell 11.70% to 1.77 million tCO₂e; carbon-emission intensity dropped 23.30% to 0.054 tCO₂e per RMB 10,000 of output value. • Twelve zero-carbon factories and eleven zero-carbon workshops are now in operation. • Clean-energy consumption reached 154,866 tce, accounting for 26.31% of total energy use.

Supply-Chain and Compliance • All manufacturing subsidiaries hold ISO 9001 and ISO 45001 certifications; 21 units are ISO/IEC 27001 certified. • 34,053 suppliers were evaluated under a new ESG framework; 32 were suspended for non-compliance.

Human Capital • The workforce totalled 151,602, with a 99% overall employee-satisfaction score. • Average training hours reached 92 per employee; safety targets were met with zero work-related fatalities.

Dividend and Governance • CRRC maintained a decade-long Grade-A disclosure rating from the Shanghai Stock Exchange and emphasised annual cash-dividend continuity, having distributed over RMB 55 billion since listing.

Outlook CRRC reiterated its “35·50” carbon-neutrality roadmap—net-zero operations by 2035 and full-value-chain neutrality by 2050—while signalling further expansion of clean-energy equipment and hydrogen-powered rail solutions in FY2026.

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