CRRC's stock plummeted 6.86% intraday following the release of its annual financial results.
The company reported full-year revenue growth of 10.79% to RMB 273.063 billion and net profit increase of 6.40% to RMB 13.181 billion for 2025. However, fourth-quarter performance was weak with revenue declining 4.99% to RMB 89.198 billion and net profit attributable to shareholders dropping sharply by 37.45% to RMB 3.217 billion.
Everbright Securities lowered its net profit forecasts for CRRC for 2026 and 2027 by 3% each, citing the impact of the downturn in the urban rail industry on the company's performance. The urban rail and urban infrastructure segment saw revenue decrease by 7.37% to RMB 42.09 billion in 2025.
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