Zhuzhou CRRC Times Electric Co (HK:3898) has released an update.
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Zhuzhou CRRC Times Electric Co., Ltd. anticipates a robust first half in 2024, projecting a 30.56% increase in net profit, amounting to RMB 1.5 billion, and a 36.50% rise in net profit after non-recurring items, driven by railway investment growth, passenger traffic recovery, and expansion in emerging equipment sectors. These promising financial estimates have not yet been audited, and the company advises investors to be mindful of potential risks associated with the securities.
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