Zhuzhou CRRC Times Electric (SHA:688187, HKG:3898) expects an attributable profit of around 1.51 billion yuan for the first half of 2024, up 31% from the year-ago figure of 1.15 billion yuan, a Wednesday bourse filing said.
The Chinese train manufacturer attributed the anticipated rise in profit to higher revenue.
On Wednesday, Hong Kong- and China-listed shares of CRRC Times closed 9% and 6% lower, respectively.
Price (HKD): $27.75, Change: $-2.60, Percent Change: -8.57%
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