CRRC Corporation Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	270,415	243,613	230,587	219,416	221,102
Other Revenue	2,648	2,862	3,674	3,523	4,630
Revenue	273,063	246,474	234,262	222,939	225,732
Revenue Growth (YoY)	10.79%	5.21%	5.08%	-1.24%	-0.84%
Cost of Revenue	215,349	194,331	186,518	175,871	179,781
Gross Profit	57,714	52,144	47,744	47,067	45,951
Selling, General & Admin	21,960	21,189	19,194	21,204	20,838
Research & Development	17,641	15,937	14,364	13,130	13,085
Other Operating Expenses	-709.22	-1,583	-942.66	-158.16	1,506
Operating Expenses	40,329	36,560	33,766	34,711	35,215
Operating Income	17,385	15,584	13,978	12,357	10,736
Interest Expense	-1,006	-1,122	-1,102	-1,069	-1,121
Interest & Investment Income	2,004	2,279	2,454	1,293	1,065
Currency Exchange Gain (Loss)	-3.82	-195.27	244.62	496.87	-94.21
Other Non Operating Income (Expenses)	-239.87	316.36	67.73	79.08	-211.95
EBT Excluding Unusual Items	18,139	16,862	15,641	13,156	10,374
Impairment of Goodwill	-2.1	-	-	-	-49.88
Gain (Loss) on Sale of Investments	290.61	359.31	359.28	386.42	42.13
Gain (Loss) on Sale of Assets	381.05	206.35	408.46	2,551	1,016
Asset Writedown	-103.14	-106.66	-84.5	-30.12	-63.94
Other Unusual Items	612.93	111.86	48.37	56.47	2,437
Pretax Income	19,319	17,433	16,373	16,120	13,755
Income Tax Expense	2,423	1,768	1,803	1,767	1,337
Earnings From Continuing Operations	16,896	15,664	14,570	14,352	12,418
Minority Interest in Earnings	-3,715	-3,277	-2,858	-2,699	-2,115
Net Income	13,181	12,388	11,712	11,653	10,303
Net Income to Common	13,181	12,388	11,712	11,653	10,303
Net Income Growth	6.40%	5.77%	0.50%	13.11%	-9.08%
Shares Outstanding (Basic)	28,699	28,699	28,699	28,699	28,699
Shares Outstanding (Diluted)	28,699	28,699	28,699	28,699	28,752
Shares Change (YoY)	-	-	-	-0.19%	-0.90%
EPS (Basic)	0.46	0.43	0.41	0.41	0.36
EPS (Diluted)	0.46	0.43	0.41	0.41	0.36
EPS Growth	6.81%	5.37%	0.50%	13.49%	-7.51%
Free Cash Flow	14,803	16,872	6,618	16,536	14,686
Free Cash Flow Per Share	0.52	0.59	0.23	0.58	0.51
Dividend Per Share	0.230	0.210	0.200	0.200	0.180
Dividend Growth	9.52%	5.00%	-	11.11%	-
Gross Margin	21.14%	21.16%	20.38%	21.11%	20.36%
Operating Margin	6.37%	6.32%	5.97%	5.54%	4.76%
Profit Margin	4.83%	5.03%	5.00%	5.23%	4.56%
Free Cash Flow Margin	5.42%	6.84%	2.83%	7.42%	6.51%
EBITDA	24,644	23,077	21,045	19,656	17,961
EBITDA Margin	9.03%	9.36%	8.98%	8.82%	7.96%
D&A For EBITDA	7,258	7,492	7,067	7,300	7,225
EBIT	17,385	15,584	13,978	12,357	10,736
EBIT Margin	6.37%	6.32%	5.97%	5.54%	4.76%
Effective Tax Rate	12.54%	10.14%	11.01%	10.96%	9.72%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.