Aug 27, 2018 01:18 PM
BUSINESS & TECH
Chart: Train-Maker Posts Quarterly Profit Growth, Stock Rises

Shares of China’s top train-maker CRRC Corp. Ltd. rose on Monday after the company posted a nearly 13% rise in its latest quarterly profit.
CRRC reported a profit of 2.8 billion yuan ($410 million) in the three months through June, though its revenue declined 3.2% to 53 billion yuan as China’s spending on new rail projects slowed, according to the company’s latest quarterly report filed on Friday evening.
On Monday, CRRC shares opened up 2.6% and 0.7% in Hong Kong and Shanghai, respectively, and continued to rise through the morning session.
The following is an updated table of Chinese company earnings between April and June, starting with the most recent to report.
![]() |
Share this article
Open WeChat and scan the QR code
MOST POPULAR
- 1Cover Story: China’s AI Boom Is Rewiring Its Power Grid
- 2China Auditor Exposes Local Governments Faking Debt Cleanups
- 3Iran Clears Chinese Cargo Ships as Strait of Hormuz Sees Chaotic Reopening
- 4China Rolls Out 15-Point Plan to Woo Foreign Capital
- 5Chinese Business Group Urges EU to Ease New Foreign Investment Restrictions
GALLERY
SPONSORED
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas



