CHINA CRSC Reports Q1 Profit Decline

Stock News04-29

CHINA CRSC (03969) announced its financial results for the first quarter of 2026. The company reported operating revenue of approximately 6.465 billion yuan, representing a decrease of 3.52% compared to the same period last year. Net profit attributable to shareholders of the listed company was about 521 million yuan, a decline of 7.16% year-on-year. Basic earnings per share for the quarter were 0.05 yuan.

For the period from January to March 2026, the cumulative value of newly signed external contracts totaled 7.547 billion yuan, an increase of 4.63% over the same period last year. Within this total, newly signed contracts in the railway sector amounted to 4.624 billion yuan, up 9.36% year-on-year. Newly signed contracts in the urban rail transit sector reached 2.13 billion yuan, down 5.03% compared to the previous year. The overseas business sector secured new contracts valued at 79 million yuan, a significant decrease of 76.95% year-on-year. Engineering procurement and construction, along with other sectors, saw newly signed contracts worth 572 million yuan, marking a substantial increase of 43.41%. The low-altitude economy sector contributed newly signed contracts valued at 142 million yuan.

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