HK Stock Alert: CRRC Surges Over 4% as H1 Net Profit Rises 10.28% and Overseas Expansion Gains Momentum

Stock News
Aug 20

Shares of CRRC (01766) climbed more than 4% in Hong Kong trading, with the stock last up 3.7% at HK$5.33, on turnover of HK$128 million. The move comes after the company released its 2026 interim results on August 19, reporting revenue of approximately RMB 131.682 billion, up 9.96% year-on-year, and net profit attributable to shareholders of around RMB 7.99 billion, an increase of 10.28%. Basic earnings per share stood at RMB 0.28, with an interim dividend of RMB 0.11 per share (pre-tax) proposed.

The company attributed the revenue growth primarily to higher sales in its railway equipment and new business segments. According to Soochow Securities, in the first half of 2026, revenue from other countries and regions reached RMB 16.204 billion, up 22.44% year-on-year. The rail transit equipment business continued to expand across Central Asia, Latin America, Southeast Asia, and Africa, while its full lifecycle system solutions (DLS) business extended further into Oceania. The ongoing progress in overseas operations is expected to provide solid support for the company's international growth trajectory.

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