CRRC Future Growth

Future criteria checks 1/6

CRRC is forecast to grow earnings and revenue by 10.7% and 6.3% per annum respectively. EPS is expected to grow by 10.4% per annum. Return on equity is forecast to be 8.8% in 3 years.

Key information

10.7%

Earnings growth rate

10.4%

EPS growth rate

Machinery earnings growth	31.7%
Revenue growth rate	6.3%
Future return on equity	8.8%
Analyst coverage	Good
Last updated	04 Nov 2024

Recent future growth updates

Recent updates

An Intrinsic Calculation For CRRC Corporation Limited (SHSE:601766) Suggests It's 42% Undervalued

Mar 28

Is Now The Time To Put CRRC (SHSE:601766) On Your Watchlist?

Mar 14

Returns On Capital At CRRC (SHSE:601766) Have Stalled

Mar 01

Earnings and Revenue Growth Forecasts

SHSE:601766 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	282,441	16,298	N/A	33,648	11
12/31/2025	267,756	15,056	N/A	26,342	12
12/31/2024	252,782	13,456	N/A	29,640	11
9/30/2024	243,809	12,805	17,211	26,336	N/A
6/30/2024	236,998	12,452	22,096	31,347	N/A
3/31/2024	234,066	12,105	28,529	36,442	N/A
12/31/2023	234,262	11,712	6,618	14,722	N/A
9/30/2023	230,411	11,778	1,652	10,101	N/A
6/30/2023	228,945	11,983	3,255	11,102	N/A
3/31/2023	224,670	12,049	18,131	25,738	N/A
12/31/2022	222,939	11,653	16,536	23,953	N/A
9/30/2022	216,835	9,869	26,967	31,871	N/A
6/30/2022	211,565	9,445	24,717	30,235	N/A
3/31/2022	214,825	9,181	18,807	24,502	N/A
12/31/2021	225,732	10,303	14,686	20,593	N/A
9/30/2021	226,341	10,998	5,121	11,717	N/A
6/30/2021	233,717	11,627	-6,209	1,182	N/A
3/31/2021	235,815	11,924	-13,561	-5,919	N/A
12/31/2020	227,656	11,331	-9,808	-2,032	N/A
9/30/2020	220,266	10,176	3,308	12,897	N/A
6/30/2020	222,267	10,707	13,003	21,135	N/A
3/31/2020	222,738	10,763	9,925	17,946	N/A
12/31/2019	229,011	11,795	14,466	22,531	N/A
9/30/2019	238,236	12,190	6,236	14,077	N/A
6/30/2019	228,939	11,971	7,814	16,034	N/A
3/31/2019	225,828	11,816	15,166	23,815	N/A
12/31/2018	219,083	11,305	9,828	18,869	N/A
9/30/2018	205,714	11,510	16,818	24,932	N/A
6/30/2018	208,587	11,235	N/A	23,140	N/A
3/31/2018	210,344	10,909	N/A	22,311	N/A
12/31/2017	211,013	10,791	N/A	16,184	N/A
9/30/2017	223,091	10,584	N/A	8,140	N/A
6/30/2017	223,996	10,168	N/A	11,588	N/A
3/31/2017	222,745	10,454	N/A	10,082	N/A
12/31/2016	229,484	11,290	N/A	20,979	N/A
9/30/2016	239,983	11,373	N/A	28,507	N/A
6/30/2016	242,447	11,912	N/A	17,643	N/A
3/31/2016	241,341	11,855	N/A	16,193	N/A
12/31/2015	241,478	11,818	N/A	14,982	N/A
9/30/2015	222,182	10,831	N/A	28,889	N/A
6/30/2015	226,613	11,117	N/A	33,893	N/A
3/31/2015	243,392	12,001	N/A	20,355	N/A
12/31/2014	221,650	10,815	N/A	28,437	N/A
9/30/2014	190,788	9,600	N/A	232	N/A
6/30/2014	150,630	7,101	N/A	-7,532	N/A
3/31/2014	98,216	4,119	N/A	9,719	N/A
12/31/2013	99,286	4,165	N/A	5,453	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601766's forecast earnings growth (10.7% per year) is above the savings rate (2.8%).

Earnings vs Market: 601766's earnings (10.7% per year) are forecast to grow slower than the CN market (25.9% per year).

High Growth Earnings: 601766's earnings are forecast to grow, but not significantly.

Revenue vs Market: 601766's revenue (6.3% per year) is forecast to grow slower than the CN market (13.8% per year).

High Growth Revenue: 601766's revenue (6.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 601766's Return on Equity is forecast to be low in 3 years time (8.8%).

CRRC Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 7.9% to CN¥8.75

CRRC Corporation Limited Provides Earnings Guidance for the First Quarter Ended March 31, 2024

Price target increased by 7.1% to CN¥6.93

Price target decreased by 9.6% to CN¥6.47

Consensus EPS estimates increase by 13%

Price target increased by 7.6% to CN¥6.27

Recent updates

Is Now The Time To Put CRRC (SHSE:601766) On Your Watchlist?

Price target increased by 7.9% to CN¥8.75

CRRC Corporation Limited (SHSE:601766) agreed to acquire 2.59% stake in China National Foreign Trade Financial & Leasing Co., Ltd. from CRRC GROUP Co. Ltd. for approximately CNY 370 million.

Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.088 in 3Q 2023)

CRRC (SHSE:601766) Hasn't Managed To Accelerate Its Returns

CRRC Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024

Investor sentiment improves as stock rises 16%

Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 2Q 2023)

CRRC (SHSE:601766) Has Announced A Dividend Of CN¥0.20

Dividend of CN¥0.20 announced

CRRC (SHSE:601766) Could Easily Take On More Debt

CRRC Corporation Limited to Report First Half, 2024 Results on Aug 24, 2024

Investors Aren't Buying CRRC Corporation Limited's (SHSE:601766) Earnings

CRRC Corporation Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on or Before 14 August 2024

Returns On Capital Signal Tricky Times Ahead For CRRC (SHSE:601766)

CRRC Corporation Limited, Annual General Meeting, Jun 18, 2024

CRRC Corporation Limited, Annual General Meeting, Jun 18, 2024

CRRC Corporation Limited Announces Final Ordinary Dividend for the Year Ended 31 December 2023, Payable on 14 August 2024

First quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.02 in 1Q 2023)

CRRC (SHSE:601766) Has A Rock Solid Balance Sheet

Investor sentiment improves as stock rises 18%

CRRC Corporation Limited Provides Earnings Guidance for the First Quarter Ended March 31, 2024

CRRC's (SHSE:601766) Solid Earnings May Rest On Weak Foundations

CRRC Corporation Limited to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

CRRC Corporation Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 14 August 2024

An Intrinsic Calculation For CRRC Corporation Limited (SHSE:601766) Suggests It's 42% Undervalued

CRRC Corporation Limited Appoints Ma Yunshuang as an Executive Director, a Member of the Strategy Committee and a Member of the Nomination Committee

Is Now The Time To Put CRRC (SHSE:601766) On Your Watchlist?

Returns On Capital At CRRC (SHSE:601766) Have Stalled

CRRC Corporation Limited Announces Appointment of Ma Yunshuang as President

CRRC Corporation Limited to Report Fiscal Year 2023 Results on Mar 29, 2024

High number of new and inexperienced directors

CRRC Corporation Limited Announces Election of Zhang Shidong as Shareholder Representative Supervisor

China National Foreign Trade Financial & Leasing Co., Ltd. entered into merger agreement to acquire CRRC Financial leasing Co., ltd. from CRRC GROUP Co., Ltd., CRRC Corporation Limited (SHSE:601766) and Tianjin Trust Co.,Ltd.

Third quarter 2023 earnings released: EPS: CN¥0.088 (vs CN¥0.10 in 3Q 2022)

CRRC Corporation Limited to Report Q3, 2023 Results on Oct 28, 2023

CRRC Corporation Limited Announces Resignation of Lou Qiliang as President

CRRC Corporation Limited Announces Resignation of Lou Qiliang as an Executive Director

Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.082 in 2Q 2022)

Price target increased by 7.1% to CN¥6.93

CRRC Corporation Limited Announces Final Dividend for A Shares for the Financial Year 2022, Payable on August 11, 2023

Price target decreased by 9.6% to CN¥6.47

CRRC Corporation Limited Approves Final Dividend for the Financial Year Ended 31 December 2022, Payable on 11 August 2023

CRRC Corporation Limited, Annual General Meeting, Jun 15, 2023

Now 20% undervalued

Consensus EPS estimates increase by 13%

Price target increased by 7.6% to CN¥6.27

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Third quarter 2022 earnings: Revenues exceed analyst expectations

CRRC Corporation Limited to Report Q3, 2022 Results on Oct 28, 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

CRRC Corporation Limited to Report First Half, 2022 Results on Aug 26, 2022

CRRC Corporation Limited Approves Final Dividend for the Year Ended 31 December 2021, Payable on 12 August 2022

Now 21% undervalued after recent price drop

CRRC Corporation Limited, Annual General Meeting, Jun 16, 2022

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

CRRC Corporation Limited Provides Earnings Guidance for the First Quarter of 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

CRRC Corporation Limited Announces Final Dividend for the Year Ended December 31, 2021

Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.091 in 2Q 2020)

Secretary of the Board Jilong Xie has left the company

CRRC Corporation Limited Recommends Final Dividend, Payable on or before 13 August 202

First quarter 2021 earnings released

CRRC Corporation Limited Provides Financial Guidance for the First Quarter of 2021