CRRC Corp Ltd Secures Significant Contracts
CRRC Corp Ltd, a Chinese manufacturing company, has secured several contracts worth approximately 32.9 billion yuan. The contracts were signed between May and July 2025.
- The contracts include the sale of urban rail vehicles and maintenance services to domestic and international clients.
- Locomotive repair contracts were also signed with Chinese national railway companies.
This development is expected to have a positive impact on the company’s revenue and profitability. CRRC’s recent performance has been strong, with revenue of 48.6 billion yuan and net profit of 3.05 billion yuan in the first quarter.
Financial Performance
- Revenue: 48.6 billion yuan
- Net Profit: 3.05 billion yuan
The company’s stock price has been relatively stable, with a recent close price of 5.6 HKD. The stock price has ranged from a 52-week high of 8.6 HKD to a low of 4.11 HKD.