Zhuzhou CRRC Times Electric (3898) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 5.10 billion, up 12.45% year-over-year from RMB 4.54 billion.

• Net profit attributable to shareholders was RMB 643 million, a 1.91% increase year-over-year.

• Net cash flow from operating activities was negative RMB 910 million, mainly due to increased cash paid for goods and services.

Financial highlights

• Total profit for the quarter was RMB 778 million, down 0.88% year-over-year.

• Basic and diluted EPS both rose to RMB 0.47 from RMB 0.45, a 4.44% increase year-over-year.

• Weighted average return on net assets was 1.50%, down 0.02 percentage points year-over-year.

• R&D investment totaled RMB 599 million, up 11.22% year-over-year, representing 11.73% of revenue.

Outlook and guidance

• No explicit forward-looking statements or guidance provided for future quarters.