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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Zhuzhou CRRC Times Electric
Zhuzhou CRRC Times Electric (3898) investor relations material
Zhuzhou CRRC Times Electric Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
9M 2026 revenue rose 10.56% YoY to RMB20.818bn; attributable net profit increased 3.11% to RMB2.805bn.
Q3 revenue increased 17.10% YoY to RMB7.747bn, while attributable net profit rose 4.18% to RMB1.093bn.
Financial highlights
9M operating profit was RMB3.297bn versus RMB3.255bn; total profit was RMB3.313bn, up 1.23% YoY.
9M net profit was RMB2.894bn versus RMB2.887bn; attributable net profit was RMB2.805bn versus RMB2.720bn.
Adjusted for non-recurring items, 9M attributable net profit was RMB2.721bn, up 4.11% YoY; non-recurring gains totaled RMB84.1m.
Segment performance
9M rail transit revenue was RMB11.470bn, up 11.31% YoY; rail transit electric equipment increased 15.43% to RMB9.320bn.
Emerging equipment revenue rose 9.70% to RMB9.244bn; semiconductor revenue increased 16.38% to RMB4.469bn.
Automotive revenue grew 39.49% to RMB2.605bn; marine revenue grew 26.88% to RMB840m.
New energy revenue fell 49.98% to RMB795m; other rail transit equipment revenue declined 48.25% to RMB297m.
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Latest events from Zhuzhou CRRC Times Electric
- Revenue up 7.01% YoY, net profit up 2.44%, with strong rail and automotive growth.3898
H1 2026 - Revenue up 12.45% and net profit up 1.91%, but operating cash flow turned negative.3898Q1 2026
- Revenue and net profit rose over 10% year-over-year, with robust growth in all core business segments.3898H2 2025
- Revenue and net profit grew double digits, driven by rail and emerging equipment strength.3898Q3 2025
- Q1 2025 revenue rose 14.81% and net profit 13.42%, driven by rail and emerging equipment growth.3898Q1 2025
- Revenue and net profit grew double digits, with robust cash flow and dividend payout.3898H1 2025
- Revenue and profit surged on strong rail transit and new energy equipment growth.3898Q3 2024
- Net profit surged 30.56% to RMB1.51 billion on 19.99% revenue growth in H1 2024.3898H1 2024
- Record revenue and profit growth, robust R&D, and strong market leadership in 2024.3898H2 2024
Next Zhuzhou CRRC Times Electric earnings date
H2 202625 Mar, 2027
Zhuzhou CRRC Times Electric
Next Zhuzhou CRRC Times Electric earnings date
H2 202625 Mar, 2027
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Frequently asked questions
Zhuzhou CRRC Times Electric Co., Ltd. is a China-based company specializing in the research, development, manufacturing, and sale of electrical systems and components for rail transportation. Its products include traction systems, power converters, control systems, and signaling equipment, which are widely used in locomotives, high-speed trains, and urban transit systems. The company is headquartered in Zhuzhou, China, and its shares are listed on the Hong Kong Stock Exchange.