CRRC Corporation Limited provided earnings guidance for the first quarter ended March 31, 2024. for the quarter, Based on the preliminary calculation by the finance department of the Company, it is estimated that the net profit attributable to shareholders of the listed company for the first quarter of 2024 will reach RMB 923 million to RMB 1,046 million, with an increase by RMB 308 million to RMB 431 million as compared with that for the corresponding period of the previous year (the statutory disclosure data), representing a period- on-period increase of 50% to 70%. It is estimated that the net profit attributable to shareholders of the listed company after deduction of non-recurring gain or loss for the first quarter of 2024 will reach RMB 583 million to RMB 706 million, with an increase by RMB 379 million to RMB 502 million as compared with that for the corresponding period of the previous year (the statutory disclosure data), representing a period-on-period increase of 186% to 246%.

The significant increase in the operating results for this period as compared with that for the corresponding period of the previous year was mainly due to the delivered product mix during this period different from that during the corresponding period of the previous year, and that the profit for the first quarter of the previous year accounted for a smaller portion of the total profit for the previous year.