CRRC Past Earnings Performance

Past criteria checks 5/6

CRRC has been growing earnings at an average annual rate of 1.9%, while the Machinery industry saw earnings growing at 7.3% annually. Revenues have been growing at an average rate of 0.6% per year. CRRC's return on equity is 7.9%, and it has net margins of 5.3%.

Key information

1.9%

Earnings growth rate

1.7%

EPS growth rate

Machinery Industry Growth	11.8%
Revenue growth rate	0.6%
Return on equity	7.9%
Net Margin	5.3%
Next Earnings Update	27 Nov 2024

Recent past performance updates

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

Apr 04

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

Revenue & Expenses Breakdown

How CRRC makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SHSE:601766 Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	243,809	12,805	25,026	16,088
30 Jun 24	236,998	12,452	24,553	15,367
31 Mar 24	234,066	12,105	24,783	14,726
31 Dec 23	234,262	11,712	24,380	14,364
30 Sep 23	230,411	11,778	21,223	13,615
30 Jun 23	228,945	11,983	21,554	13,394
31 Mar 23	224,670	12,049	21,997	13,326
31 Dec 22	222,939	11,653	21,739	13,130
30 Sep 22	216,835	9,869	19,165	13,021
30 Jun 22	211,565	9,445	19,390	12,525
31 Mar 22	214,825	9,181	19,901	12,702
31 Dec 21	225,732	10,303	20,623	13,085
30 Sep 21	226,341	10,998	22,650	13,223
30 Jun 21	233,717	11,627	23,389	14,014
31 Mar 21	235,815	11,924	23,193	14,007
31 Dec 20	227,656	11,331	22,316	13,350
30 Sep 20	220,266	10,176	23,301	12,557
30 Jun 20	222,267	10,707	23,642	12,052
31 Mar 20	222,738	10,763	23,938	11,756
31 Dec 19	229,011	11,795	24,576	12,017
30 Sep 19	238,236	12,190	22,913	11,660
30 Jun 19	228,939	11,971	22,154	11,257
31 Mar 19	225,828	11,816	22,142	11,161
31 Dec 18	219,083	11,305	21,731	10,897
30 Sep 18	205,714	11,510	24,240	9,685
30 Jun 18	208,587	11,235	23,827	9,719
31 Mar 18	210,344	10,909	21,728	11,582
31 Dec 17	211,013	10,791	23,425	9,977
30 Sep 17	223,091	10,584	23,420	6,673
30 Jun 17	223,996	10,168	25,373	4,286
31 Mar 17	222,745	10,454	29,465	0
31 Dec 16	229,484	11,290	30,033	0
30 Sep 16	239,983	11,373	31,534	0
30 Jun 16	242,447	11,912	31,594	0
31 Mar 16	241,341	11,855	31,282	0
31 Dec 15	241,478	11,818	31,277	0
30 Sep 15	222,182	10,831	31,636	0
30 Jun 15	226,613	11,117	31,655	0
31 Mar 15	243,392	12,001	32,913	0
31 Dec 14	221,650	10,815	28,926	0
30 Sep 14	190,788	9,600	22,228	0
30 Jun 14	150,630	7,101	17,593	0
31 Mar 14	98,216	4,119	11,745	0
31 Dec 13	99,286	4,165	11,837	0

Quality Earnings: 601766 has high quality earnings.

Growing Profit Margin: 601766's current net profit margins (5.3%) are higher than last year (5.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 601766's earnings have grown by 1.9% per year over the past 5 years.

Accelerating Growth: 601766's earnings growth over the past year (8.7%) exceeds its 5-year average (1.9% per year).

Earnings vs Industry: 601766 earnings growth over the past year (8.7%) exceeded the Machinery industry -0.4%.

CRRC Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

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

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

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

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

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

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

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